New York: Industrialist Ratan Tata has gifted $50 million to his alma mater, Cornell University in New York, to help it admit brilliant Indian students and support joint research projects with Indian universities.
The gift from Tata Trusts, a group of philanthropic organizations run by Ratan Tata, will allow Cornell to establish and expand partnerships with Indian scientists that build on its strength in applied agriculture research. Tata had graduated from Cornell in 1959.
The endowment will also be used to set up a scholarship fund to bring more Indian students, who may be discouraged by Cornell’s price tag, to the university.
The endowment consists of $25 million to establish the Tata-Cornell initiative in agriculture and nutrition and $25 million for the Tata scholarship fund to help Cornell attract the best and brightest Indian talents. Cornell president David Skorton announced the gift during his state of the university address on Friday, calling it “one of the most generous endowments ever received from an international benefactor by an American university’’. AGENCIES
The gift from Tata Trusts, a group of philanthropic organizations run by Ratan Tata, will allow Cornell to establish and expand partnerships with Indian scientists that build on its strength in applied agriculture research. Tata had graduated from Cornell in 1959.
The endowment will also be used to set up a scholarship fund to bring more Indian students, who may be discouraged by Cornell’s price tag, to the university.
The endowment consists of $25 million to establish the Tata-Cornell initiative in agriculture and nutrition and $25 million for the Tata scholarship fund to help Cornell attract the best and brightest Indian talents. Cornell president David Skorton announced the gift during his state of the university address on Friday, calling it “one of the most generous endowments ever received from an international benefactor by an American university’’. AGENCIES
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