Godrej Industries Group, Radhika Piramal and Keshav Suri Foundation launch India's First LGBTQIA+ Philanthropy Fund
- Editor
- Feb 7
- 1 min read
Whats Happening:
Godrej Industries Group, Radhika Piramal, and the Keshav Suri Foundation, in collaboration with Dasra, have launched India's first dedicated LGBTQIA+ philanthropy fund, The Pride Fund. This initiative aims to address the significant funding gap for LGBTQIA+ organizations in India, where only one of the top 50 donors explicitly supports such organizations and CSR contributions remain negligible.
Key Moves:
Launch of India's first dedicated LGBTQIA+ philanthropy fund, The Pride Fund
Collaboration between Godrej Industries Group, Radhika Piramal, Keshav Suri Foundation, and Dasra
Aim to bridge funding gap for LGBTQIA+ organizations in India
By The Numbers:
India's LGBTQIA+ community estimated at over 140 million people
Only 1 of India's top 50 donors explicitly supports LGBTQIA+ organizations
Only 27% of NGOs serving the LGBTQIA+ community have a national presence
Key Quotes:
"The Pride Fund is a historic milestone—a first-of-its-kind initiative in India, created by queer community members, for the community." - Parmesh Shahani, Head of Godrej DEI Lab
"The Pride fund is being launched to raise awareness and resources for LGBTQIA+ communities in India." - Radhika Piramal, Executive Director, VIP Industries & Trustee, Dasra UK
"India, home to 18% of the world's population, receives under 1% of global LGBTQIA+ funding, leaving this cause critically underfunded." - Neera Nundy, Co-founder & Partner Dasra
Bottom Line:
The Pride Fund represents a significant step towards addressing the funding gap for LGBTQIA+ organizations in India. By bringing together key stakeholders and focusing on sustained, structured philanthropy, the fund aims to create transformational change for India's LGBTQIA+ community, estimated at over 140 million people. This initiative could set a new precedent for inclusive philanthropy in the country.
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