The Tandons’ donation is believed to be the largest philanthropic gift by a member of the Indian-American community.
The gift is intended to build on the engineering school’s existing practice of cross-disciplinary innovation and entrepreneurship and achieve new levels of academic excellence in engineering. Ms. Tandon said, “We feel privileged to be able to participate in the transformation that is happening at NYU and at the School of Engineering. As a Trustee of NYU, I have had a front row seat to the energy and excitement of the Global Network University and the scale of possibility it presents. More broadly, Ranjan and I are great believers in STEM education, in the applied sciences, and in the analytic and creative disciplines that such an education develops. And we want to give back to the city that has given us so much.”
The school will be re-named the NYU Tandon School of Engineering in recognition of the Tandons’ generosity and their belief in the school’s mission and promise. The University has agreed to a challenge from the donors to raise an additional, separate $50 million, which will be principally focused on scholarship aid.
Article source and details: http://engineering.nyu.edu/press-release/2015/10/05/100-million-gift-nyu-school-engineering-chandrika-ranjan-tandon