EdelGive Foundation and Hurun Report India yesterday unveiled the sixth edition of ‘EdelGive Hurun India Philanthropy List 2019’. Reliance industries chairman Mukesh Ambani, the richest Indian, comes third among philanthropists, in a list that is led by Shiv Nadar of the technology company HCL. Azim Premji and Mukesh Ambani rank 2nd and 3rd respectively.
Nadar and his family donated Rs 826 crore, while Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the list. Education remained the most popular philanthropic cause, followed by Healthcare and Arts, Culture & Heritage.
Forty-seven percent of funds (or INR 2,058 crore) were contributed by individuals in their personal capacity while the remaining 53% was contributed as CSR spends through their business groups. The cut-off for 2019 edition was extended from INR 10 crore in 2018 to INR 5 crore.