Last Updated: 26/09/2024
Welcome to The IIT Jammu Foundation (“Foundation”). By using our website and services, you agree to the following terms and conditions. Please read them carefully before making any contributions or using the Foundation’s resources.
1. General Information
The IIT Jammu Foundation is a nonprofit organization registered in 2023 in the USA. The Foundation operates solely for charitable and educational purposes to support IIT Jammu and the region of Jammu and Kashmir through financial contributions. Contributions to the Foundation may be tax-deductible for US taxpayers under Internal Revenue Code (IRC) Section 501(c)(3).
2. Purpose of the Foundation
The Foundation’s primary objective is to support the academic and research development of IIT Jammu by providing financial support for:
- Scholarships for qualified IIT Jammu students.
- Academic and research projects conducted by IIT Jammu students and faculty.
- Development of research laboratory infrastructure.
- Facilitating collaboration between IIT Jammu and US-based research institutes for industrial research.
3. Donations and Contributions
All donations to the Foundation are voluntary and made for charitable purposes in line with the Foundation’s mission. Contributions made by US taxpayers may be tax-deductible under Section 501(c)(3) of the IRC, provided the contributor meets the requirements of the IRS for charitable donations. The Foundation is committed to ensuring that funds are used exclusively for the stated objectives.
Donor Responsibilities:
- Ensure that donations are made in compliance with applicable laws.
- Understand that donations are non-refundable unless otherwise determined by the Foundation.
4. Use of Funds
The Foundation is responsible for distributing funds towards the intended purposes of supporting IIT Jammu’s education and research activities. The Foundation reserves the right to allocate funds based on need and alignment with the objectives of the Foundation.
5. Tax Exemption
The IIT Jammu Foundation qualifies for tax-exempt status under Section 501(c)(3) of the US Internal Revenue Code. Donors should consult their tax advisor regarding the tax implications of their donation. The Foundation will provide donors with the necessary documentation to claim tax deductions for eligible contributions.
6. Third-Party Collaborations
The Foundation may collaborate with third-party organizations, research institutions, or companies to support IIT Jammu’s goals. These collaborations are subject to mutual agreements, and the Foundation will ensure that such partnerships align with its mission.
7. Intellectual Property
Any intellectual property resulting from research or collaborative projects supported by the Foundation shall be governed by agreements between IIT Jammu and the respective parties involved. The Foundation does not claim ownership of any intellectual property but may assist in facilitating partnerships and collaborations.
8. Privacy Policy
The Foundation is committed to protecting your privacy. Personal information collected from donors and users will be used solely for the purpose of processing donations, communicating about the Foundation’s activities, and complying with legal obligations. The Foundation will not share or sell your personal information without your explicit consent, except as required by law.
9. Changes to Terms and Conditions
The Foundation reserves the right to modify these terms and conditions at any time. Any changes will be effective immediately upon posting on the Foundation’s website. Continued use of the website or participation in Foundation activities after such changes constitutes acceptance of the revised terms.
10. Governing Law
These terms and conditions are governed by and construed in accordance with the laws of the United States. Any disputes arising from or related to these terms shall be subject to the exclusive jurisdiction of the courts in the United States.
11. Contact Information
For any questions regarding these terms, donations, or the Foundation’s activities, please contact us at:
The IIT Jammu Foundation
Indian Institute of Technology Jammu, Jagti, NH-44 , PO Nagrota, Jammu – 181 221 J&K, India.
Email: contact@iitjammufoundation.org
By supporting The IIT Jammu Foundation, you agree to these terms and conditions.