Indian billionaires donate to philanthropy
Some of India's richest individuals are giving back to those in need within their country. The Wall Street Journal reported that billionaire Azim Premji, the founder and chairman of outsourcing company Wipro, donated a significant portion of his equity in the company to philanthropy.
The business executive announced his plans on Wednesday. He transferred 88.4 billion rupees – the equivalent of US $1.95 billion – to a philanthropic trust that he owns. His foundation serves primarily rural India and partners with government programs to improve the quality of education throughout the country.
While India is quickly becoming a home to several billionaires, with two of the top five richest individuals in the world living there, philanthropy has been slow to pick up pace. As the paper notes, there are only a few Indians who have made noteworthy contributions to the country.
Earlier this year, Bill Gates and Warren Buffet visited billionaires in India to encourage them to donate to philanthropy. Gates and Buffet themselves have pledged to bequeath the majority of their fortunes to philanthropic causes.
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Naveen Jain
Naveen Jain, who grew up in the Indian state of Uttar Pradesh, saw firsthand how families struggle under the burden of poverty. He vowed to make giving back to the community an essential part of his business ventures. As the CEO of Intelius, Naveen supports various nonprofit aid groups that focus on medical care, education, and family development.
Together with his wife Anu Jain, who works for Intelius as the vice president of community relations, he involves Intelius in many of his philanthropic efforts. The United Way of King County, Bellevue Life Spring, Seattle Children’s Hospital, Treehouse, and Hopelink are just some of the many organizations that have been recipients of Naveen Jain's support. The Puget Sound Business Journal ranked Intelius as among the top 15 corporate philanthropists in the United States.
Naveen and Anu Jain invite you to join them in their efforts to make metro Seattle and the world a better place.
