Inside Ratan Tata’s Five Most Influential Charitable Trusts and Its Allies
Tata Sons Trust: Ratan Tata is a man of business, but it is his inspirational spirit and philanthropy that has made him a favorite among diverse generations. He boasts a reputation as an Indian billionaire with a net worth of around ₹3,800 crore, or $5.4 billion. And yet you will not find his mention in the prestigious Forbes list of billionaires.
It is because the profits of Tata Sons as a business conglomerate are directed towards several charitable trusts running under their unique ownership structure. More than 64 % of Tata’s business profit works as a donation for the betterment of healthcare, education, and rural livelihood, among other marginalized subjects.
An owner of numerous reputable trusts Ratan Tata has five significant trusts under him as a leader of philanthropic organizations working towards a sustainable future.
Sir Ratan Tata Trust
Sir Ratan Tata Trust was made in accordance with the will of Sir Ratan Ji Tata with a sum of Rs 8 Million in 1919. A century-old trust, Sir Ratan Tata Trust is the oldest grant-giving institution in India. It played a pivotal role in changing traditional ideas of charity with philanthropy granted in the fields of rural livelihoods and communities, education, health, enhancing civil society and governance, and arts, crafts, and culture.
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Navajbai Ratan Tata Trust
Navajbai was the first female director of Tata Sons and the wife of Ratan Tata. The Navajbai Ratan Tata Trust was established in 1974 in her memory. She was the force behind the establishment of the Sir Ratan Tata Institute (RTI) in Mumbai in 1928. Her trust donated majorly to the “poor and downtrodden” working to “alleviate poverty and improve the quality of life of the economically challenged”.
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Tata Education and Development Trust
Tata Education and Development Trust was established in 2008 to promote social welfare and national development through education. This trust works towards strengthening the public education system by dealing with complications of quality and equity in school education.
Bai Hirabai J. N. Tata Navsari Charitable Institution
Bai Hirabai was the wife of Jamshedji Nusserwanji Tata. In her honor the Bai Hirabai J. N. Tata Navsari Charitable Institution, the founder of Tata Group. The charitable trust works towards donating grants for education, healthcare, and community welfare.
Sarvajanik Seva Trust
A public charitable trust under Tata ownership in 1975, the Sarvajanik Seva Trust was established in 1975 to provide grants to people as a reimbursement of the cost of medical treatment and also give scholarships to deserving students.
