Dubai entrepreneur pledges $25m to US university

Dodsal Group chief Rajen Kilachand offers largest gift in 172-year history of Boston University

Rajen Kilachand

Rajen Kilachand

Rajen Kilachand, a Dubai-based entrepreneur, has pledged $25m to Boston University, the largest gift in its 172-year history.

University president Robert A Brown said Kilachand’s contribution will support and rename the University’s Honours College in honour of his parents.

Kilachand, who earned an MBA from the Boston University Graduate School of Management in 1974 and is a member of its Board of Trustees, is chair and president of the Dodsal Group, a multinational conglomerate that holds interests in engineering, mining, trading, and hospitality businesses.

Brown said: “Rajen Kilachand is a person of extraordinary foresight and rare generosity. I am deeply grateful for his vision and his commitment to our Honours College, which serves our highest achieving students.

“His magnificent gift will create an endowment for the Kilachand Honours College that will increase the quality of this innovative programme and the range of opportunities it offers for all future generations of Boston University students.”

“In this age of professional specialization, academic interest in the humanities is waning,” added Kilachand.

“People don’t want to go into liberal arts, but I think for people to be future leaders you need a focused approach to humanities, the fine arts, so that you have a well-rounded personality. Now, I’m ready to do my little bit.”

A longtime philanthropist, Kilachand serves on the board of Pathfinder International, a global nonprofit that focuses on reproductive health, family planning, and HIV/AIDS prevention and care.

He also supports Dubai Cares, an initiative of Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE.

The only foreign sponsor of the New Orleans Jazz Festival, Kilachand has made a personal commitment of more than $50m to philanthropic initiatives in health care and vocational training and education, including building libraries and teacher training institutions.

Founded in 1839, Boston University is an internationally recognised private research university with more than 30,000 students participating in undergraduate, graduate, and professional programmes.

Former students include Martin Luther King Jr, who received his PhD in 1955; actress Faye Dunaway and Mickey Drexler, chief executive officer of J Crew Group.

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Posted by: Dorothy Leiber

I have nothing but the deepest respect for Mr.Kilachand. Here is a wonderful example of paying it forward. Mr. Kilachand has had good fortune and in return will share where it is needed. I find this an admirable quality. Where better to invest than in the future of our children and to see they are educated in the best possible venues.

India is an up and coming country in many ways. How wonderful would it be to see more money invested in this Country that have many fine minds and the willingness to work to help improve their dire situations. My sincerest desire for India is to eliminate the poverty that is still a sorry situation. It cannot happen fast enough; but it is on the correct road in creating jobs for India's good people.

This is my humble opinion, written with sincerity and respect.

Dorothy Leiber of Ontario Canada

Posted by: Ravinder

Thousands of student go to US on scholarships. If one of them has done something for a college to which he is connected for so long it is just peace to his soul and pride for us Indians.

Posted by: Emjay

Please lookup: http://www.dodsal.com/philanthropy/community/

for more information

Posted by: Umbereen Rahman

I agree with all the above comments. Mr.Rajen Kalanchand is entitled to do whatever he wants with his money but he can help so many deserving and brilliant students of various nationalities residing in Dubai who cannot go for higher studies abroad due to lack of funds.I hope he would try to use his millions to secure their future.

Posted by: Peter

Everyone is welcome to an opinion, but lets not forget that its his money, and therefore, his wish, as to how he spends (or donates) it! I can only commend him for helping his alma mater and for positively raising the profile of Indians in the US.

Posted by: Telcoguy

Agreed. we can have as many opinion as we want, he has the $25m
Cheers

All comments are subject to approval before appearing

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