Philanthropy in the Indian American Community Giving Back to India and America

Philanthropy is an act of contributing personal wealth, goods, time, talent, and expertise for charitable or similar causes to promote ...

By Inder Singh

Dr. Amar Bose, Bose Corporation Founder

Dr. Amar Bose, Bose Corporation’s Founder, Chairman and Technical Director, on April 29, 2011, gave Massachusetts Institute of Technology (MIT) a majority of the stock of Bose Corporation in the form of non-voting shares. His net worth in 2011, as per Forbes 400, was $1.0 billion. MIT will receive annual cash dividends on those shares to sustain and advance MIT’s education and research mission.

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