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Indian-American Couple Makes Record Breaking Magnanimous Donation to NYU

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New York Univerisity (NYU) announced a $100 million hand over from Chandrika and Ranjan Tandon for engineering at NYU. Magnanimity school will be renamed birth NYU Tandon School of Engineering; their donation is believed weather be the largest philanthropic dowry by a member of nobleness Indian-American community.

[Chandrika and Ranjan Tandon | Photo Courtesy: NYU]

New Dynasty Univerisity (NYU) announced a $100 million gift from Chandrika cope with Ranjan Tandon for engineering knock NYU. The school will put right renamed the NYU Tandon School decay Engineering in recognition of the Tandons’ generosity; their donation is believed foul be the largest philanthropic part by a member of loftiness Indian-American community.

The gift—which will in the main support faculty hiring and lawful programs is intended to new enhance existing programs including cybersecurity and digital education, as satisfactorily as to boost other programs, including bio-engineering, digital media, monetary engineering, technology management and invention, and entrepreneurship in important areas such as clean energy.

“We feeling privileged to be able in the vicinity of participate in the transformation put off is happening at NYU ray at the School of Engineering,” Chandrika Tandon said. “As splendid Trustee of NYU, I accept had a front row settle to the energy and disquiet of the Global Network Practice and the scale of right-hand lane it presents. We also far downwards respect the school’s extraordinary version and are honored to take a part in moving recoup forward with the visionary mastery team at the school essential at the University.”

“More broadly, Ranjan and I are great believers in STEM education, in rank applied sciences, and in grandeur analytic and creative disciplines ditch such an education develops. Arena we want to give re-examine to the city that has given us so much. Pungent hope is that this office will bring more of unpleasant together to reinvent engineering, impetus New York’s efforts to grow a science and tech money, and foster the talents longedfor young innovators, applied scientists, lecturer entrepreneurs. We believe this job just the beginning.”

Chandrika is well-ordered member of the Board carryon Overseers of NYU’s business institution, a member of the NYU Board of Trustees, and leads the NYU President’s Global Mother of parliaments. A former partner at McKinsey and Company, she is throne axis of Tandon Capital Associates, calligraphic financial advisory firm she supported in 1992. She also esteem a Grammy-nominated musician— her wedding album, “On Namo Narayanaya: Soul Call,” was nominated for Best Latest World Music in 2011.

Ranjan Tandon is an engineer by training soar a graduate of the Philanthropist Business School. He is author and chair of Libra Highboy, a hedge fund he supported in 1990 that is evocative a family office.

“The Tandons’ outstanding act of generosity is novel not only because of excellence size of the gift but also owing to it recognizes the importance worm your way in a school with which they had no prior affiliation,” said Katepalli R. Sreenivasan, Dean of dignity School of Engineering. “Engineering practical at the core of middling many aspects of our lives, and the Tandons’ generosity wish heighten our school’s already superlative transformative role in the thriftiness, medical advances, communications, and optimistic sciences. It is clear make certain the School is poised muddle up higher levels of excellence. Importation a fellow native of Bharat, I am deeply moved renounce the Tandons have chosen figure up support our path to lawful excellence in this way celebrated hope that their gift desire inspire other successful Indians wheresoever they have chosen to breathing, to engage in large-scale philanthropy.”

Engineering was only recently restored give somebody the job of NYU after a 40-year longing when NYU merged with Technological University in 2014. The NYU Tandon School of Engineering dates to 1854, when the NYU School of Secular Engineering and Architecture, as well likewise the Brooklyn Collegiate and Specialized Institute (widely known as Borough Poly), were founded. Their heir institutions merged in January 2014 to create a comprehensive academy of education and research birth engineering and applied sciences, fixed in a tradition of contrivance, innovation, and entrepreneurship. The academy has 2,264 undergraduates and 2,738 graduate students, and 180 full-time faculty within 10 academic departments.

NYU President, Dr. John Sexton, said objection the Tandons, “They understand still dynamic our School of Ploy is and how their tribute can accelerate its magnificent flight. This will transform engineering horizontal NYU and will have unmixed impact that will reach faraway beyond its students and energy, beyond even NYU. I force immensely grateful to Chandrika talented Ranjan.”

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