Ways to Give
Thank you for considering a donation to the IIT Madras Foundation. If you are a U.S. resident, your donation may be tax deductible, according to applicable law.
Our tax identification number (EIN) is 47-1990700.
Please see the following options for you to support IITM.
Make one-time or recurring payments using VISA, MasterCard, Discover or American Express.
Write your checks to the “IIT Madras Foundation” and send to:
IIT Madras Foundation
Attn: Shamim Pushpala
19925 Stevens Creek Boulevard, Suite #100
Cupertino, CA 95014
To send your electronic transfers please contact Shamim Pushpala for instructions.
When you give appreciated stock, we’ll sell it and you’ll eliminate all the capital gains tax you would have paid had you sold the stock yourself. Your gift will be deductible at the day of delivery’s full fair market value (assuming you have held it for more than one year). Please contact Shamim Pushpala for more information
Donate an Insurance Policy
A gift of a life insurance policy you no longer need makes a perfect year-end gift. To qualify as a deductible gift, the IIT Madras Foundation must become the policy owner. For most types of insurance policies, your tax deduction is usually the lesser of the cost basis or the fair market value of the policy. Please contact Shamim Pushpala for more information.
Make a gift from your IRA
If you are 70½ or older, you can transfer any amount up to $100,000 annually directly from your IRA. The transfer doesn’t generate taxable income or a tax deduction, so you benefit even if you do not itemize your tax deductions. Please contact Shamim Pushpala for more information.
Include IIT Madras Foundation as a bequest in your will or trust
Creating a bequest in your will or trust is incredibly easy. Start by contacting Please contact Shamim Pushpala to request official wording for your gift. Then ask your estate-planning attorney to use this language when you create your will or trust. If you already have a will or trust, simply ask your attorney to update the existing document.
IITM Foundation Proposed Fee Structure for Project Funding Remittances to IITM Effective February 2017
IITM Foundation Board has approved the establishment of a Fee for all Project Funding Remittances to IITM effective February 2017.
This Fee is on a sliding scale starting at 5% and stepped down by 1% steps as shown in the table below, with a cap for funds above $2Million.
IIT Madras has committed to make up this fee, when the Funds are received and prior to deployment.
- $0 to $250K — 5% fee (range $0 to $12.5K)
- $250K to $500K — 4% fee (range $12.5K to $20K)
- $500K to $1M — 3% fee (range $20K to $30K)
- $1M to $2M — 2% fee (range $30K to $40K)
- More than $2M — 2% (capped at $40K)