Chandrika is a member of the Board of Overseers of NYU’s business school, a member of the NYU Board of Trustees and leads the
NYU President’s Global Council.
Ranjan is an engineer by training and a graduate of the Harvard Business School. He is founder and chair of Libra Advisors, a hedge fund he founded in 1990 that is now a family office.
The Tandons’ donation is believed to be the largest philanthropic gift by a member of the Indian-American community, the university said. “Getting to know the engineering school was truly electrifying. The imagination and inventiveness of the students and faculty as they worked together on real world problems, the cutting-edge work being done both within the school and collaboratively across schools in such diverse areas like the arts, medicine, education, incubators; the entrepreneurial spirit that pervades the place — all this inspired us,” she said.
Sreenivasan said the Tandons’ act of generosity is remarkable not only because of the size of the gift, but also because it recognises the importance of a school with which they had no prior affiliation. In 2010, Harvard Business School had received a gift of $50 million from Tata Companies, the Sir Dorabji Tata Trust and the Tata Education and Development Trust, philanthropic entities of the Tata Group. The gift was the largest from an international donor in the School’s 102-year history.