Infosys donates $2 mn to New Jersey-based Institute for Advanced Study

The fund will be used to support two scholars every year at the insitute

Infosys, India's second largest IT services company has donated $2 million (around Rs 12 crore) to New Jersey-based post-doctoral research institute, Institute of Advanced Study (IAS) which will be used to support visiting scientists and scholars advance their research at the institute.

The donation has been used to create Infosys Fund at IAS which will be used to support two scholars across the institute's four schools every year, the Bangalore-based company said. Founded in 1930, IAS has four schools such as historical studies, mathematics, natural sciences and social sciences.

"At Infosys we believe that people, when amplified by technology, knowledge, imagination and an enriching ecosystem, can achieve incredible things. This is the beginning of a human revolution, and institutions like IAS have long served to accelerate it," said Vishal Sikka, CEO and MD, Infosys.

Infosys has pledged $42 million in the current financial year towards corporate social responsibility through the Infosys Foundation, its philanthropic arm. The Foundation is engaged in several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute.

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