Home > companies > news > Infosys donates $2 mn to the Institute for Advanced Study

Mumbai: Infosys Ltd, India’s second largest software services exporter, has donated $2 million to the Institute for Advanced Study (IAS) in the US to help visiting scientists and scholars advance their research.

The Infosys Fund will be used to support two scholars across the institute’s four schools of historical studies, mathematics, natural sciences and social science each year.

“By mentoring visiting scholars, in both academic and practical terms, the IAS has created yet another avenue to produce advances in knowledge that can change the way we work and live—with wide-ranging impact on global development," said Vishal Sikka, chief executive officer and managing director of Infosys.

Infosys has pledged $42 million in the current financial year towards corporate social responsibility through the Infosys Foundation, its philanthropic arm.

In the US, Infosys recently signed up as an implementation partner for the Global STEM Alliance, a programme established by the New York Academy of Sciences that aims to empower the next generation of scientific innovators.

The announcement was made after market hours.

On Monday, shares of Infosys closed down 0.07% at 3,803.05, while the benchmark Sensex index closed down 0.37% at 26,752.90 points.

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