Philanthropists can donate real estate to IITB. Donating real estate can, potentially, eliminate the capital gains tax accrued. Donors can also get a full and fair market value (FMV) income tax deduction, provided they itemize, for the donation. Itemizing also allows the charity of their choice to receive as many funds as possible.
Donations made to IIT Bombay by corporate bodies and individuals are wholly tax-deductible under section 80G of the Indian Income Tax Act. Please consult with your financial and tax advisers regarding your specific situation.
Name of the Donor and Pancard No. is required for issuing a receipt to claim tax exemption under Sec 80G.
You can form an eternal bond with IIT Bombay by making the Institute a beneficiary of your bequest. You can either leave a specific monetary bequest or a specific property bequest in your will. To learn more, please write to us at givingback@iitbacr.com
You can maximise the impact of your contribution by leveraging your company’s matching gift program. In this form of giving, your employer can match your donation amount to the Institute. By indulging in this practice, you will help IIT Bombay in fulfilling its fundraising priorities as well as your employer in executing its Corporate Social Responsibility (CSR) duties. To learn more, please write to us at givingback@iitbacr.com
Supporting IIT Bombay in its journey of excellence does not merely entail financial donations. You can contribute towards the Institute’s growth in several other ways including participating in volunteering programs, mentoring students, and assisting in fundraising initiatives, among others.
Donations made to IIT Bombay by corporate bodies and individuals are wholly tax deductible under section 80G of the Indian Income Tax Act. Donations made via the IIT Bombay Heritage Foundation (IITBHF) , which is a 501(c)(3) organization, are generally tax-deductible under US tax law. IITBHF’s US Federal Tax ID number is 77-0428724. Please do consult your CA/Tax consultant for your particular tax scenario. As per the Indian Income Tax Department’s rules, a donor is required to add their Full Name, Address and PAN number in case they wish to claim tax exemption under Sec 80G.
US taxpayers can made donations via IIT Bombay Heritage Foundation (IITBHF), which is a 501(c)(3) organization, are generally tax-deductible under US tax law. IITBHF’s US Federal Tax ID number is 77-0428724. Please consult with your financial and tax advisers regarding your specific situation.
UK taxpayers can claim tax relief for their donation made via IITUK. IIT Alumni UK is a registered charity, duly registered and regulated by the Charities Commission. Please ensure to select claim Gift Aid, which allows your donation to be topped up by 25%
US and UK residents can donate through IIT BHF and IIT AA UK respectively. Use thislinkto donate online from the USA. Use thislinkto donate online from the UK. Alumni from other countries can donate through bank transfer (IMPS/NEFT/RTGS) to IIT Bombay Donation Account.
Fiscal responsibility and transparency are important to IIT Bombay. We have a dedicated team at ACR office that ensure that all donated funds are used efficiently to the designated cause.
There are various causes for which one can donate to IIT Bombay. These range from Student Scholarships, Research, Entrepreneurship, Institute Development, Centres of Excellence and Labs and various others. Please visit the ‘Giving Back’ section of the website to know more. There are several CSR partnership options also available. Please visit the ‘ Corporate Connect’ section of the website to know more.
IIT Bombay has several options to make a donation for honouring a loved one. Please write to us at givingback@iitbacr.comand we shall be able to guide the process for selecting the various causes and the naming opportunities available.
Donor receives an immediate acknowledgement and receipt over email for all online donations. In case you have donated through cheque, NEFT transfer or any other offline mode, receipt shall be sent to your email id once the credit is received in IIT Bombay donation account. Please share the donation details (including Name, Address and PAN) to givingback@iitbacr.com for all offline donations so that the funds can be acknowledged, and receipt can be shared at the earliest.
Donations can be made on a recurring basis every month, instead of making a one-time lump-sum donation. For Recurring donations – the donor can visit the ‘Donate Online’ section on the website and set up a monthly auto-debit instruction. Once this is registered, the amount shall be auto deducted from the registered bank account on a monthly basis. This is a safe and secure RBI approved E-NACH facility offered by all banks for recurring payments. The auto-debit instruction can be disabled at any time. (HOW)
You can establish your legacy or the legacy of your loved ones by sponsoring a room in any IITB hostel of your choice. Your contribution will be acknowledged by establishing a plaque on the room with the donor’s name (or the name of who they choose). The donation will be used to support the student housing infrastructure of IIT Bombay. For further details, please write to us atgivingback@iitbacr.com
This is an easy option for donor who wish to contribute every month for causes such as Scholarships, Young Faculty Awards Or Institute Development Fund. This can be done by setting up and ‘Auto-debit’ mandate in a recurring mode from your registered bank account. Please visit the online donate section on the website to set up the recurring donation. This is a safe and secure RBI approved E-NACH facility offered by all banks for recurring payments.
There are multiple naming opportunities available at IIT Bombay. These range from Infrastructure facilities to Hostels to Centres of Excellence and Research Labs. To set up a named donation please contact us atgivingback@iitbacr.com
Yes, you can donate using credit cards/debit cards, Cheques or Bank Transfers. Please visit the ‘Ways of Giving’ section on the website for more information. In case there are further queries, please write to us atgivingback@iitbacr.com
Yes. IIT Bombay accepts donations in Kind, equities, property, and bequests. For further details, please write to us atgivingback@iitbacr.comand we would be happy to assist.
