Philanthropy Figures Drop In 2016; Average Age Rises To 65 years


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March 30, 2017 Pooja Domadia

Philanthropy Figures Drop In 2016; Average Age Rises To 65 years


Founder and Chairman of HCL Ltd, Shiv Nadar (71) emerged as the ‘Most generous Indian’ with donation of Rs 630 crore towards education, according to the Hurun India Philanthropy List 2016. The list was released today by The Hurun Research Institute.

None of the top three philanthropists of last year made it to the top 10 list this year. Wipro Ltd Chairman Azim Premji had topped the list in 2015 with a whopping Rs 27,514 crore. This year he ranked at the 13th level with a donation of Rs 34 crores. Nandan and Rohini Nilekani ranked second and NR Narayana Murthy ranked third with donations of Rs 2,404 crore and Rs 1,322 crore respectively in 2015. However, Nilekani could not make it to the list and Murthy ranked 22nd in 2016.

In 2015, Azim Premji had transferred a significant part of his shareholding amounting to 39% of the shares of Wipro to a trust and foundation, which had been taken into account last year. Since this is a one-time philanthropic donation, it has not been included this year.

Average donation per philanthropist in 2015 was Rs 900 crore mainly on the back of Premji’s donation. However, average donation dropped to Rs 86 crore this year whereas it was Rs 300 crore in 2014.

Infosys co-founder Kris Gopalakrishnan (61) and wife, Sudha Gopalakrishnan came in second with a donation of Rs 313 crore primarily towards healthcare, social development and education. Mukesh Ambani (59) of Reliance Industries Ltd, came in third with a donation of Rs 303 crore made towards causes such as education, rural development, sports, health and Swachch Bharat.

Kiran Mazumdar-Shaw (63) of CMD Biocon and the only self-made woman entrepreneur in the list, donated Rs 45 crore to healthcare, education, supporting civic and social issues. She has contributed Rs 40 crore in her personal capacity for the same. “My philanthropic efforts are directed towards building a society, where everyone has equal access to quality healthcare irrespective of person’s economic and social status,” Mazumdar-Shaw told Hurun Report India.

Table: Hurun India Philanthropy list 2016

Rank 2016

Rank 2015

Name

2016 (INR crs)

2015 (INR crs)

Primary Cause

Age

Company

City

Networth (INR CR)

1

6

Shiv Nadar

630

535

Education

71

HCL

New Delhi

73,000

2

17

Kris Gopalakrishnan & Family

313

38

Healthcare

61

Infosys

Bangalore

8,400

3

7

Mukesh Ambani

303

345

Healthcare

59

Reliance

Mumbai

163,400

4

15

Cyrus Poonawalla

250

65

Healthcare

71

Poonawalla Group

Pune

83,000

5

9

Rahul Bajaj & family

244

139

Education

78

Bajaj Auto

Pune

20,700

6

8

Ronnie Screwvala

160

158

Rural Empowerment

54

Swades Foundation

Mumbai

NA

7

16

Ajay Piramal

111

52

Education

61

Piramal Enterprise

Mumbai

14,900

8

12

Godrej Family

75

85

Livelihood Enhancement

76

Godrej

Mumbai

78,500

9

10

Shapoorji Pallonji Mistry

68

96

Social Development

87

Shapoorji Pallonji Group

Mumbai

101,100

10

13

Savitri Jindal & Family

53

83

Social Development

66

Jindal Steel & Power

Hisar

35,000

11

26

Kiran Mazumdar-Shaw

45

16

Healthcare

63

Biocon

Bangalore

10,800

12

11

Anil Agarwal & Family

44

95

Healthcare

62

Vedanta Resource

London

13,700

13

1

Azim Premji & Family

34

27514

Education

71

Wipro

Bangalore

74,700

14

19

Azad Moopen

32

32

Healthcare

63

DM Healthcare

Dubai

7,400

15

27

Anand Burman & Family

24

15

Healthcare

64

Dabur

New Delhi

41,800

16

14

Kumar M Birla & family

21

70

Education

49

Aditya Birla Group

Mumbai

45,500

17

New

Gautham Adani

20

0

Education

54

Adani ports

Ahmedabad

42,400

18

21

Anil Ambani & Family

19

30

Healthcare

57

Reliance Capital

Mumbai

28,500

19

New

 M.A.Yusuf Ali

19

0

Healthcare

61

Emke Group

Abu Dhabi

36,600

20

31

Ravi Pillai

15

13

Social Development

64

RP Group

Dubai

18,800

21

33

 T.S. Kalyanaraman

10

12

Social Development

65

Kalyan Jewellers

Thrissur

5,600

22

4

NR Narayana Murthy & Family

14

1322

Encourage entrepreneurship

70

Infosys

Bangalore

10,400

23

25

Sunil Mittal & family

13

18

Education

59

Bharti Airtel

New Delhi

50,300

24

32

Subhash Chandra & family

12

12

Social Development

66

Zee Entertainment

Mumbai

35,100

25

36

Pankaj Patel & family

12

11

Healthcare

63

Cadilla Health Care

Ahmedabad

31,000

26

35

Harsh Mariwala & family

11

11

Education

65

Marico

Mumbai

19,600

27

New

Desh Bandhu Gupta

10

0

Social - economic Development

78

Lupin

Mumbai

40,400

The fourth edition of Hurun Philanthropy List measured donations by the value of their cash or cash equivalent from January 1, 2016 to December 31, 2016. With the same cut-off as last year of Rs 10 crore, the Hurun India Philanthropy List has 27 individuals, down from 36 last year.

Education continued to be the most favoured philanthropic cause with 35% donations. This is followed by causes like healthcare, sanitation, social development and rural empowerment.

With 10 individuals, Mumbai is home to most of the Hurun philanthropists, followed by Bengaluru and Delhi.

The average age is 65 years, two years older than last year’s average age and four years older than the average age of the Hurun India Rich List 2016.

With a donation of Rs 21 crores, Kumar M Birla (49) of Aditya Birla Group is the youngest philanthropist on the list; eldest being Pallonji Mistry (87) of Shapoorji Pallonji Group who contributed Rs 68 crores.

Also this year, the list had only two women philanthropists as compared to four last year. This included Kiran Majumdar Shaw and Savitri Jindal from the Jindal Group.

Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

Regards, 
The CSR Journal Team

Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

Regards, 
The CSR Journal Team


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