Philanthropy in a Big Way

One more Indian has joined the big league of Philontropists. Indian born Vinod Khosla and his wife Neeru have pledged half of their vast fortunes estimated at $1.4 billion (Rs 6,300 crore) to charity .The 56-year-old Khosla is Silicon Valley’s most prominent “green” venture capitalist and a dominant personality in the cleantech community. Follow the link to know more about this this link http://www.hindustantimes.com/Vinod-Khosla-pledges-half-his-1-4-bn-fortune-to-charity/Article1-695443.aspx

Giving Is Growing

Indians since time immemorial have believed in giving , be it in kind or in terms of financial assistance. People have come up a long way moving from charity to philanthropy. Families and individuals are moving from a more traditional model, from large-scale gifts to schools, colleges and hospitals, to a more hands-on model of giving. It is more planned and done in a more professional way now . The mindset of leaving all behind for the next generation is also changing . Now the entrepreneurs are building trusts and happily pledging part of their wealth to charity. The movement is on and the day when India will be a super power in terms of both economic and philanthropic en devours is not very far. As per a 2010 study philanthropic donations in India amount to 0.6% of GDP vis-a vis 2.2% of GDP in U.S. To know more about this go on to the following link.

http://epaper.hindustantimes.com/ArticleBlog.aspx?art=11_05_2011_010_013&mode=1&PublicationID=47