Foundation For Excellence - History

History

• Dr. Prabhu and Mrs. Poonam Goel establish FFE as a project of Indians of Collective Action, a non-profit organization based in Santa Clara, California - 1994
• First scholarship awarded – October 1994
• Foundation for Excellence, Inc. incorporated within California – December 1997.
• IRS grants tax-exempt, 501 (c) (3) status effective from December 1997 – March 1999
• Mr. Kanwal Rekhi joins FFE as major supporter and trustee – December 1999
• Foundation establishes formal administrative office in Mumbai, India - May 2000
• Dr. Romesh Wadhwani joins FFE as major supporter and trustee – September 2002
• FFE’s first chapter is established in New York, NY – November 2002
• FFE promotes and registers Foundation for Excellence India Trust as a public charitable organization in India - July 2003
• FFE India Trust receives recognition as a tax-exempt organization under section 12A of the Indian income tax Act and as an organization eligible for tax deductible contributions under section 80G
• FFE Scholars Alumni Association formed in India – July 2003.

Since its inception in 1994 and until end of academic year 2006-07, the Foundation has provided around 20,911 scholarships to 8,996 students for an amount of US$4.35 million.

The Foundation is exempt from federal income tax under section 501 (a) as an organization described in section 501 (c) (3) of the Internal Revenue Code. The Foundation is also exempt from state franchise or income tax under section 23710d of the Revenue and Taxation Code of the State of California. The Foundation's employment identification number is 77-0474749.

FFE's principal office is located in Santa Clara, California. An office in India is located in Mumbai city.