History
Like his father, Sir Dorabji believed that one must make use of the wealth one had acquired for constructive purposes. So, in less than a year after his wife Meherbai's death, he donated all his wealth to the Trust, insisting that it must be used "without any distinction of place, nationality or creed", for the advancement of learning and research, the relief of distress and other charitable purposes. He died three months later.
The wealth that he turned over to the Trust comprised his substantial share holdings in Tata Sons, Indian Hotels and allied companies, his landed properties and 21 pieces of jewellery left by his wife, including the famous Jubilee Diamond, estimated then to be of the value of Rs 10 million. Today, these would be worth more than Rs 500 million.
Read more about this topic: Sir Dorabji Tata And Allied Trusts
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