Abbreviation | IPSMF |
---|---|
Formation | July 1, 2015 |
Founder | Azim Premji Rohini Nilekani |
Type | Public charitable trust |
Registration no. | CIT(E)/BLR/12A/M-134/AABT12413E/ITO(E)-1/ Vol 2015-2016 |
Purpose | Promoting excellence in "independent, public-spirited journalism" |
Location | |
Endowment | Financial and other support for public-interest information |
Website | ipsmf |
The Independent and Public-Spirited Media Foundation is an Indian public charitable trust, established on July 1, 2015. The foundation works to promote quality independent journalism. [1] [2] [3] [4]
The foundation was started with a fund of Rs 100 crore by a group of Bengaluru businessmen, including Azim Premji, the chairman of Wipro, and philanthropist Rohini Nilekani. [1]
In August 2016 the foundation awarded a grant of Rs 1.95 crore to the Foundation for Independent Journalism (FIJ), a non-profit company that publishes The Wire . The group was awarded a second tranch of Rs 1.75 crore in March 2017. In 2018, IPSMF granted FIJ Rs 3.26 crore and committed to funding them for 2018-2019 as well. [5] [6]
The IPSMF has given funding to the Pravda Media Foundation to enable them to report and publish stories that are of public importance. [7] Pravda Media Foundation is owner of alt news.
IPSM has also provided financial support to Spunklane Media Private Limited for the purpose of reporting and publishing stories of public interest under the section 'Delve'. [8] Spunklane Media Private Limited is owner of The news minute.
The IPSMF Foundation has received contributions and substantial commitments from various individuals and charitable organizations, including Azim Premji Philanthropic Initiatives Pvt Ltd, [1] Pirojsha Godrej Foundation, Cyrus Guzder, Rohini Nilekani Philanthropies, Kiran Mazumdar Shaw, [9] [2] Rohinton and Anu Aga Family Discretionary No.2 Trust, [10] RDA Holdings Pvt Ltd, Lal Family Foundation, Sri Nataraja Trust, Manipal Education and Medical Group India Pvt Ltd, Tejaskiran Pharmachem India Pvt Ltd, Viditi Investment Pvt Ltd, Unimed Technologies Ltd, Quality Investment Pvt Ltd, and Piramal Enterprises LTD. [10] The Foundation's core principles are built on two fundamental beliefs: that donors will not influence how their contributions are utilized, and that the Foundation's operations, led by a CEO and supported by a dedicated team, will remain independent of donor preferences, safeguarding its impartiality in funding decisions. [9] [10]
Azim Hashim Premji is an Indian businessman and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by Time magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among The 500 Most Influential Muslims. He also serves as the Chancellor of Azim Premji University, Bangalore. Premji was awarded Padma Vibhushan, India's second highest civilian award, by the Government of India.
Nandan Mohanrao Nilekani is an Indian entrepreneur. He co-founded Infosys and is the non-executive chairman of Infosys replacing R Seshasayee and Ravi Venkatesan, who were the co-chairs of the board, on 24 August 2017. After the exit of Vishal Sikka, Nilekani was appointed as non-executive chairman of the board effective 24 August 2017. He was the chairman of the Unique Identification Authority of India (UIDAI). After a successful career at Infosys, he headed the Government of India's technology committee, TAGUP. He is a member of Indian National Congress but not active in politics as of 2019.
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