The IIMB Development Foundation (IDF) was set up in 2024 as a Section 8 (non-profit) Company with the sole objective of assisting the Indian Institute of Management Bangalore (IIMB) in its fundraising efforts. IDF strives to ensure that all philanthropic activities, by existing and prospective donors, are conducted in a professional manner in line with IIMB’s mission, vision and strategic plans.
IDF was created to support and advance IIMB’s mission through fundraising, strategic partnerships, and alumni engagement. While IDF operates independently for administrative purposes, it works closely with the Institute and serves as its official fundraising and development arm. IDF’s team operates from the IIMB Campus.
Driven by IIMB’s commitment to excellence, inclusivity, and nation-building, IDF supports a range of initiatives that make education accessible and strengthen the Institute. These include scholarships and financial aid for deserving students, support for faculty chairs and research, development of state-of-the-art learning spaces, entrepreneurship and innovation programs, and sustainability and social impact projects.
To enable its commitment to shaping responsible leaders, supporting groundbreaking research, and fostering inclusive growth, IIMB relies on sustained support. This is especially true after IIMB gained greater autonomy under the 2017 IIM Act – this came with the responsibility of being financially self-sufficient. While the independence fuels innovation and excellence, it also means that creating impact at scale now depends on the generosity of donors.
By supporting IIMB, you become part of a vibrant mission to deliver world-class education and strengthen one of India’s most respected institutions — today and for the future, in particular for the new Undergraduate IIMB School of Multidisciplinary Studies.
All donations are made directly to IIM Bangalore, and remittances go directly to the bank account of IIM Bangalore. The remittances are not routed through IDF – IDF merely serves as the official fundraising and development arm of the Institute, helping to channel contributions toward key priorities areas.
Your donation is used to support strategic initiatives at IIM Bangalore, including scholarships for deserving students, faculty endowments, infrastructure development, research and innovation, and new academic programs such as the upcoming Undergraduate School of Multidisciplinary Studies. Every contribution is directed toward initiatives that strengthen the Institute’s mission of academic excellence, inclusion, and global impact.
You can specify your preference in the comments section from the available options when making a donation to IIM Bangalore:
The funds will be applied by IIM Bangalore towards Scholarships, Chair Professorships, Research Initiatives, Construction, Repairs & Maintenance of Physical Infrastructure in the Bannerghatta Road campus and the new Undergraduate IIMB School of Multidisciplinary Studies.
Contributions will be recognised by IIM Bangalore in aggregate across your respective batch, categorized by program and graduating year (e.g., 'PGP 2025', 'PGPEM 2025', etc.
Yes. After your donation is processed, you will receive a Section 80G tax exemption certificate, which serves as official proof for claiming tax benefits.
Yes, individuals residing outside India can donate to IIMB. The Institute is exempt from the provisions of the Foreign Contribution Regulation Act (FCRA), which enables it to legally receive foreign donations. If you are a U.S. tax resident, your contribution will be made to the IIM Bangalore Educational Foundation (IIMB EF), an entity registered under Internal Revenue Code Section 501(c)(3) the U.S.A. and are hence eligible for 100% tax exemption. Please write to us at idf@iimb.ac.in or call us at +91 80 2699 3157, and the team will guide you through the documentation and process.
Yes, you can! Donations are welcome from anyone who wishes to support the mission and vision of IIMB.
Yes, IIMB is an eligible institution under the Corporate Social Responsibility (CSR) provisions of the Companies Act, 2013. Contributions made through your company’s CSR program can support initiatives such as education, research, social impact projects, and infrastructure development. If your organization is interested in partnering through CSR, please write to us at idf@iimb.ac.in or call us at +91 80 2699 3157, and the team will guide you through the process.
You can make your contribution via Demand Draft, Cheque, Wire Transfer, Debit/Credit Card, Net Banking, or UPI.
Yes, that’s possible. Please email us at idf@iimb.ac.in or call us at +91 80 2699 3157. We will be happy to discuss the terms and conditions and proceed with signing an MoU to take this forward.
If you reside outside India and wish to contribute to IIMB, please reach out to us at idf@iimb.ac.in or call us at +91 80 2699 3157. We’ll be happy to assist you with the process.
If you experience any technical issues while making an online donation, please email us at idf@iimb.ac.in or call us on +91 80 2699 3157. Our team will be happy to assist you and ensure your contribution is processed smoothly.
Yes, the receipt will be sent to your registered email for all successful payments made through the payment gateway. For contributions made via cheque or demand draft, the receipt will be shared after confirmation by our back-end team.
Yes, you can obtain naming rights for a classroom or other facilities by contributing the designated amount associated with each.
Yes, donations can be made in honour or memory of a parent, batchmate, or faculty member. To do so, please select ‘Others’ under the ‘Donated by’ option on the payment page and include the relevant details in the ‘Comments’ field. Alternatively, you can contact us at idf@iimb.ac.in or call us on +91 80 2699 3157 for assistance.
The recipients for the scholarships are selected after a rigorous and thorough process by the Institute’s Admissions and Financial Aid Committee. For sponsored scholarships that meet the designated amount, donors may be involved in the selection process. For more information, please contact us at idf@iimb.ac.in or call us on +91 80 2699 3157.
Yes, your donation and personal information are completely secure. We use trusted and encrypted payment gateways that comply with industry-standard security protocols (like SSL) to ensure your data is protected. We do not store your payment details, and your personal information is kept confidential and used only for necessary communication or legal compliance.
For any questions, clarifications, or additional information regarding donations, partnerships, or initiatives, please feel free to reach out to us at idf@iimb.ac.in or call us on +91 80 2699 3157. Our team at the IIMB Development Foundation will be happy to assist you.