American India Foundation (AIF) raises $3 Million at its 4th Annual Spring Awards Gala
Funds will benefit Education, Livelihood, and Public Health programs in India
New York – The American India Foundation (AIF) set a new
record by raising $3 million on a single evening from its May 11th Awards Gala
in New York City. Proceeds will
benefit AIF’s three pillars of development work in India: Education,
Livelihood, and Public Health. To date,
AIF has raised around $40 million for some of India’s most innovative non-profit organizations.
“We are very proud to see that AIF’s work
resonates in the hearts and minds of the Indian Diaspora and supporters of India in the corporate sector throughout the United States. AIF’s agenda is not
finished. Our mission to speed
development in India is not over. AIF has the power to create
a common platform for philanthropic giving among Indian Americans. We will not
stop until we bring about greater change in the areas of Education, Livelihood, and Public Health,” said
Pradeep Kashyap, Executive Director, American India Foundation.
“AIF is using the leverage of
its grants to move state governments in India to invest their resources as well. In the area of
education, AIF and its partner Janarth supports nearly 25,000 children—this now
has Maharashtra State Government support. The benefits of such government
partnerships are clear – they allow more leverage for everyone’s investment,
and increase our ability to scale these solutions faster.” Rajat Gupta,
Co-Chair, American India Foundation.
AIF honored Martin Sullivan,
President and CEO, American International Group, Inc., and Deepak S.
Parekh, Chairman of Housing Development Finance
Corporation Ltd., both of whom spoke of their commitment to India and their admiration for the work of AIF.
Commenting on the scale and
institutional capacity generated by AIF in India, Victor Menezes, Co-Chair,
American India Foundation, said “AIF’s
impact has been spectacular. We invested $400,000 with AIF grant partner SAATH
in Ahmedabad to provide vocational training to 25,000 urban youth in 15 towns,
aged 18-35 years to improve work skills required in high-job growth
industries. Hence in Gujarat, AIF has leveraged support from the state government,
resulting in an AIF grant receiving 3:1 support from the state, thus maximizing
its impact.
In another example, 250,000
children have access to improved education because they can use computers and
the Internet through the Digital Equalizer program.”
AIF continues to be in a
unique position of enabling the Indian Diaspora and friends of India in the U.S., including the corporate community, to contribute and
give back to India. Through the
Service Corps Fellowship, AIF is developing awareness on Indian development
among a new generation of young American leaders. Every year, approximately 25
to 30 young Americans spend 10 months volunteering with NGOs in India. To date, AIF has sent 140 Fellows to work with 65
Indian NGOs, and another 30 will be heading to India this September.
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