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News » India News » Danveer: A closer look at Ratan Tata’s lifetime of donations and charity work worth thousands of crores

India News

Danveer: A closer look at Ratan Tata’s lifetime of donations and charity work worth thousands of crores

NM Desk
Last updated: 10 October, 2024 3:31 PM
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Danveer: A closer look at Ratan Tata’s lifetime of donations and charity work worth thousands of crores

New Delhi: Ratan Tata, one of India’s most revered industrialists, built a legacy that extended far beyond business. Known for his humility and quiet determination, Tata’s philanthropic efforts, which touched millions of lives in India and around the world, will remain a lasting testament to his character. His dedication to social causes was rooted in the Tata family’s long-standing tradition of promoting societal progress—a legacy he proudly upheld with unwavering commitment.

Under his leadership, Tata Trusts, one of India’s oldest charitable institutions, expanded its focus to address a wide array of social challenges. Through his guidance, the Trusts made significant contributions to healthcare, education, rural development, water, sanitation, hygiene, and skill development.

Ratan Tata’s donations and charities

Ratan Tata’s impact on healthcare has been equally remarkable. In 2010, Tata Trusts donated Rs 220 crore to establish the Tata Medical Center in Kolkata, a cutting-edge facility dedicated to cancer treatment and research.

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One of Tata’s defining moments came during the COVID-19 pandemic in 2020, when Tata Sons and Tata Trusts jointly pledged Rs 1,500 crore to help in India’s fight against the virus. Tata Trusts contributed Rs 500 crore towards personal protective equipment (PPE), testing kits, and healthcare infrastructure.

According to the latest Tata Trusts annual report, total disbursals in FY23 amounted to Rs 456.42 crore, with Rs 397.36 crore allocated to program grants, Rs 2.24 crore to small grants, and Rs 56.82 crore to individual grants. Among Ratan Tata’s notable contributions was a $50 million donation to Cornell University in 2008, primarily benefiting Indian students and supporting higher education.

Tata Trusts, founded by Jamsetji Tata in 1892, has donated over $102.4 billion to philanthropic causes up until 2021, according to the EdelGive Hurun Philanthropists of the Century report. Under Ratan Tata’s stewardship as an active member of the family, the Trusts topped the global list of philanthropists in 2021. They were followed by Ely Lilly II of the Lilly Endowment, with $27.5 billion, and Sharon Percy Rockefeller of the Rockefeller Foundation, with $26.8 billion in contributions.

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