Snapshot
Foundation For Excellence India Trust (FFEIT)
SECTOR: Education
SUB SECTOR: Scholarships
UN Sustainable Development Goal:
Goal 4: Quality Education
% Spent on beneficiaries
95%
Financial Score:
Age: 19 Years
Tax Benefit: 50%
Foreign donations:
Location: Pan India
Location(s): Work in progress.
Issues Addressed:
Finance high end education for deserving underprivileged students; Empower and prepare students for employment; Skill specialization; etc
Supported by:
Bajaj Allianz General Insurance Co. Limited; Cognizant Foundation; A World Of Opportunity Foundation; Michael And Susan Dell Foundation; Tesco Bengaluru Private Limited; IndusInd Bank Limited; Visa Consolidated Support Services India; Charities Aid Foundation of America
Key Trustees:
Ms. Sudha Kidao, Managing Trustee
Ms. Smita V. Uttarwar, Trustee
Mr. Rishikesha T. Krishnan, Trustee
Mr. Venktesh Shukla, Trustee
Recognition: Certificate of Merit by the National CSR Leadership Congress and Awards in September 2016
Sector Comparison:
Beneficiary Spend:
Average: 82.9% Highest: 100.0% Lowest: 38.0%
Income:
Average: Rs4 cr Highest: Rs75 cr Lowest: Rs1 lac
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Foundation for Excellence India Trust (FFEIT) is the Indian arm of the United States-headquartered Foundation for Excellence Inc. (FFE). It provides scholarships to economically weak, deserving students pursuing professional courses. Students studying professional courses in the areas of technology, engineering, or medicine are eligible for these scholarships. A scholar who completes his or her programme through FFEIT can become a member of the Trust to help other scholars in the future.

 

Scholarship Program

The objective of this program is to provide bright, but financially underprivileged students, financial assistance who, with their own resources may not be able to complete a professional course. During FY 2020-21, a total of 16 scholarships were awarded to students at IIT-B amounting to Rs. 13,10,500/-. This included scholarships to 4 new students and scholarships to 12 renewal student. FFE through A World of Opportunity Foundation, awarded laptops to 378 of its sponsored students. FFE, by seeking the support of its donors worldwide, initiated a campaign to provide financial assistance to the families most affected by the lockdown, supporting 3201 families.

Skill Development and Job Readiness Program

The 3-year training program includes a curated set of skills trainings, delivered through vendor partners for Engineering and BPharm students, from Year 2 to Year 4. The program began with second year students completing a diagnostic assessment, AMCAT (Aspiring Minds' Computer Adaptive Test) conducted by Aspiring Minds to identify specific skill gaps. Courses offered to FFE scholars included 16 specializations, with more than 5 certification courses within each specialization. This was expected to directly impact and improve student employment opportunities on graduation.

Donor Scholar Meetings

FFE felt the need to adapt new strategies of engagement with its students and stakeholders. Virtual connections were established by FFE, with its scholars to motivate and help them by providing opportunities to learn and up skill themselves through online courses. FFE also encouraged its corporate donors to conduct workshops, webinars and trainings with their sponsored scholars and the FFE student community at large, these meaningful interactions, focusing on career readiness, emotional and mental well-being, stress and time management etc.

Income
Rs
39 cr
Expense
Rs
38 cr
Source : Audit Report 2021
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