Chhavi Moodgal, the Chief Executive Officer of the IIM Ahmedabad Endowment Fund, recently shared a momentous achievement on LinkedIn. The IIMA Endowment Fund has been recognized for its outstanding contributions to market development of endowments, receiving the prestigious FiNext’s 2024 Award in the ‘Excellence in Market Development’ category at a finance conference held in Dubai.
Established as a first-of-its-kind initiative for a major B-School in India, the IIMA Endowment Fund has made remarkable strides in less than three full years of operations. Chhavi Moodgal’s leadership and dedication have been instrumental in driving the fund’s success and garnering recognition on a global scale.
The FiNext’s 2024 Award is a testament to the IIMA Endowment Fund’s commitment to advancing management education in India and demonstrating innovation in communications, productization, and engagement. Chhavi Moodgal attributes this achievement to the collective efforts of the fund’s stakeholders, including the illustrious IIMA alumni, faculty, corporates, and the institute itself.
Market development for academic endowment funds requires a conducive ecosystem that actively involves all stakeholders and well-wishers. Chhavi Moodgal emphasizes the importance of collaboration and engagement in fostering a supportive environment for endowment growth and sustainability.
At the FiNext conference, Chhavi Moodgal had the opportunity to address the audience on the theme ‘Building Endowment Ecosystem: Opportunities in Indian Education Sector’. She highlighted the high growth potential and increasing number of endowments in India, showcasing the diverse initiatives and work undertaken by the IIMA Endowment Fund across sustainability, diversity, equity, and inclusion, upskilling, research, scholarships, and more.
Chhavi Moodgal extends her heartfelt gratitude to IIMA’s Board of Governors, IIMAEF Board, the institute, its faculty, and contributors for their invaluable guidance and support in the journey of the IIMA Endowment Fund. Their unwavering support has been crucial in achieving this milestone and paving the way for future success.
The recognition received by the IIMA Endowment Fund is not only a testament to its accomplishments but also an inspiration for other institutions looking to set up their own endowments in India. Chhavi Moodgal and her team look forward to actively participating in building the endowment ecosystem in the country, contributing to the advancement of education and society as a whole.
Chhavi Moodgal’s leadership and the achievements of the IIMA Endowment Fund underscore the transformative impact of philanthropy and innovation in academia. As they continue to push boundaries and create opportunities for growth and development, Chhavi Moodgal and her team are setting a shining example for the future of endowment management in India.
