- Azim Premji, founder of Wipro Limited has donated a sum of INR 50,000 Crores for charity amid this ongoing coronavirus pandemic.
As the world gets confused by the coronavirus pandemic, what we need is a hopeful piece of news. Amid the chaos of coronavirus, the charity was donated a humongous sum of INR 50,000 crores by Azim Premji, MD, and the founder of Wipro Limited.
Azim Premji is known for volunteering in order to help the less fortunate group get a good education. He has now pledged philanthropy to 34 percent of his company’s shares. His latest INR donation of 50,000 crores sums up his overall value of the philanthropic contribution to INR 1,45,000 crores or 21 billion dollars-among the world’s highest. Azim Premji is trending on twitter today, after making this humongous donation.
Azim Premji Foundation released a statement: “The Foundation’s comprehensive fieldwork in education has helped contribute to enhancing the quality and affordability of the public (government) education system in some of the most deprived areas of India. Much of this work has been in close cooperation with various state governments.
Created in 2000, the Azim Premji Foundation is a charitable organization. The Foundation has concentrated on improving education in India, leading to a decade after its founding to create the Azim Premji University. The goal of the Azim Premji University is not to build islands of excellence but to change the public education system.
Azim Premji Foundation began funding non-profits in 2014 by offering multi-year grants. Since then over 150 plus organizations pan India have been funded by the foundation.
Azim Premji, the second richest man in India, was the first Indian to sign’ The Giving Pledge’ initiated by American billionaires, Bill Gates and Warren Buffet to devote at least 50 percent of their wealth to philanthropic work. As gifts, Premji gave away shares worth nearly $7.6 billion.
Azim Premji became the largest donor to philanthropy worldwide in the year 2019. Even Azim Premji was named the most generous philanthropist in Asia the same year. He also topped the Forbes ‘ list of’ The Best Philanthropic Donations Of 2019′ in addition to this. In the years 2004 and 2011, he was twice listed among the 100 most influential people by TIME Magazine.
Azim Premji’s donation to philanthropic work is certainly a piece of good news when the world is grappling with the chaos of coronavirus. In 2019, Premji became the world’s biggest donor to philanthropy, and also signed the charity’s’ Giving Pledge.’ In addition to this, Azim Premji-backed startup Icertis donated ₹25 lakh to Covid-19 hospital in Pune.
