Mahindra Group Chairman Anand Mahindra has partnered with the Scholae Mundi Foundation to commit funding to provide scholarships to students to study at one of the UWC schools and colleges.
As per the collaboration, Mahindra Group will contribute Rs 15 crore (around USD 2.3 million) over the next five years to support need-based scholarships for students admitted to UWC Mahindra College.
Half of this gift will provide scholarship grants for Indian students, while the rest will be used for scholarship grants for students selected through UWC national committees outside India.
"We hope that our commitment will serve as a catalyst to enhance the impact of the UWC movement and help train extraordinary leaders for the next generation who can navigate the complexity of the world around us with ease," Anand Mahindra said in a statement.
The Scholae Mundi Foundation, founded by Ruben Vardanyan and Veronika Zonabend, will allocate around USD 5.2 million to fund need-based scholarships for the coming academic year.
UWC (United World Colleges) comprises a network of 17 international schools and colleges on four continents and a system of volunteer-run national committees in 159 countries and territories worldwide that select UWC's scholars independent of socio-economic means.
The Scholae Mundi Foundation is one of the three charity foundations which form the Scholae Mundi Platform established by Vardanyan and Zonabend.
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