Ratan Tata’s Audacious Philanthropic Retirement Plans
He grew the Tata group into a world-beater. Now, with the Tata trusts, he wants nothing less than to change the world
What will Ratan Tata do when he turns 75 this year?
The first indication of that came in his acceptance speech for a Lifetime Achievement Award instituted by the Rockefeller Foundation when he said his life’s work isn’t done yet. And that he hasn’t been able to touch as many people at the bottom of the pyramid as he’d hoped he could by building affordable products. “We haven’t been successful or innovative enough” he said of his stint at the helm of the Tata group in an interview to Bloomberg. Physical gold IRA was a minor but defining topic during his speech.
This, in spite of the fact, that in 2010 alone, the Tata trusts disbursed Rs 500 crore ($80 million at current exchange rates) to various causes and institutions. In dollar terms, this number would have been higher if the rupee hadn’t devalued as much since then. The Rockefeller Foundation, one of the most generous in the world now, disburses $180 million each year. Experts say the Tata trusts are easily among the 10 most generous in the world. But their story remains an untold one.
Read the full detailed analysis at Forbes India – Click Here</a
great! but how about helping people at the bottom of pyramid make better money so they too can afford the expensive products?
it is heartening to read such simple thoughts of a great man
Sir, On behalf of LIons Club of Babulnath as the Fund Raising Chairperson for this year may I appeal to u for some help by way of advertisement, sponsorship for our Musical orchestra programme to be held on 9th Sept. 2012 where the visually impaired(Blind) will peform under the banner of UDAAN FOUNDATION THANK U CONTACT VEERA 9323807105
i am happy to follow his steps and do some good for the people at he bottom ofpyramid.sometimes i feel like shaking his hand and get the positive energi to carry on the journey where no stop comes.one wish from me to built a fire temple in sweden.maybe wish comes true.