Golden 76 Scholarship Endowment Fund

Overview

A fully-paid Tuition and on-campus expenses Scholarship to a merit-cum-need student for 4 years for an Undergraduate Program.

Sponsored by 76’ Batch with contributions ranging from $1,250 or INR 1.07 lakhs to any higher amount, depending on your generosity, paid once.

The Endowment Fund is created and administered by BITS and BITSAA.

Introduction

2026 is a significant year in our lives. As we celebrate 50 years since we entered BITS and carved our life’s paths, let us think how we can pay back to our Institution and the society that raised us.

The Golden 76 Scholarship Endowment Fund is a $125,000 perpetual fund that aims to sponsor a full term scholarship for a merit-cum-need student. The fund is being raised from ‘76 Batch Alumni donations. We will work closely with BITS Administration and BITS Alumni Association (BITSAA) on operationalizing it and subsequently tracking it towards success.

Eligibility criteria:

1. Merit - Based on the BITSAT score and CGPA maintained at 8.0 or higher for the duration of the program.
2. Need - income below 12 lakhs per annum for the family. This number may be adjusted according to inflation by the BITS Administration.
3. Gender - If the gender ratio (female to male students) at the time of selection of scholarship candidate is less than 40%, then it goes to a female, otherwise it is gender neutral. This year, 2024-2025, it is 9%.

Where will the funds be used?

The fund will be used to support the meritorious students needing financial support as they pursue an undergraduate degree program at BITS Pilani, specifically at the Pilani Campus.

Donation Matching

Please check if your employer allows matching contributions here at Gift Matching

Tax Deductions and Benefits

1. Tax deductions are for the financial year when donations are made in India, US and Canada.
2. 100% tax-exemption for donations to BITS, India with 80(G) benefit.
3. Donation to BITSAA, a 501c(3) organization in the US is 100% tax deductible
   1. EIN: EIN: 22-3835037
   2. Address: 1030 E. El Camino Real, #256, Sunnyvale CA 94087

Important Note:

1. Donations should be made to the appropriate account based on the donor’s passport nationality. The passport, not the bank location, determines which account should be used.
2. Indian passport holders must transfer funds to an Indian bank account, even if the transfer originates from abroad. For more details, click on “Contribute from India”
3. International passport holders must transfer funds to the FCRA account. For more details, click on “Contribute from USA or Canada”
4. Kindly mention "Golden 76 Scholarship Endowment Fund", Your Name and BITS ID in the Description field of the payments pages.
5. You will receive an acknowledgment of the transfer within a week of sending the transaction details.
6. The donations are non-refundable.

For more information, please contact any one of the following: ajaya.gummadi@gmail.com; sanjoy.ghosh@gmail.com;  gcsmatharu@gmail.com; dilipd@gmail.com; taneja.home@gmail.com

For any questions, please send an email to rajeev.sakhuja@pilani.bits-pilani.ac.in and alolika.mukherjee@pilani.bits-pilani.ac.in