About ING Vysya Foundation

It is our pleasure to be able to share with you our story. ING Vysya Foundation (A registered Trust under The Indian Trust Act, 1882) (registration number 598/04-05), office of the Sub-registrar, Shivajinagar, Bangalore). The Foundation is registered as a Wholly Charitable Trust under the section 12(a) of the Income Tax Act, 1961. The vision of the Trust is to facilitate enabling environment that actualizes the right to education for children, living in difficult circumstance. It believes that inspiration, encouragement and skills can change the way these children see their lives and opportunities.

Born out of three business entities of ING in India, ING Life Insurance, ING Vysya Bank and ING Investment Management, the Foundation has been able to strike the right balance between supporting organizations financially and contributing time and effort of the employees to nurture and mentor these children for a better future.

ING Vysya Foundation started its activities in December 2004 with a water-harvesting project in the Udaipur and Rajasmand districts of Rajasthan, North India. The initiative provided villagers with access to clean water and recharged ground-water wells which in turn support the local agricultural industry.

The Foundation has also been actively involved in relief efforts following the Tsunami that hit the south Indian coast on 26 December 2004. In cooperation with the regional headquarters, ING Vysya Foundation supported a number of projects, including the rebuilding of homes and schools, and other facilities for a number of villages. Another project included the micro-financing for 40 fishing boats and the attendant equipment for the villages of Mudaliyarkuppam and Arcotuthurai, Tamilnadu.

As part of the ING Chances for Children programme the Foundation signed a five-year agreement to support 100 orphans’ living and schooling expenses. Additional funds set up a day-care centre with training facilities which can be used by the community at large.

Other initiatives include ING Investment Management’s auctions of paintings drawn by street children for the NGO Pratham and ING Vysya Bank’s ‘Run Ricky Run’ in which the bank sent a child back to school for each run the Australian cricket captain Ricky Ponting scored in international one-day test matches during a one-year period ending September 2008.

Today, Foundation partners with eight organizations in India. It contributes hugely to the Global initiative – ING Chances for Children in partnership with UNICEF.
Foundation has been able to support 1 lakh children from all over India to be in school with the active support of our employees across the ING businesses in India.

Board of Trustee

• Mr. Kshitij Jain, MD & CEO, ING Life Insurance
• Mr. Jayant Mehrotra, Chief Financial Officer, ING Vysya Bank
• Mr. J M Prasad, Chief Human Resource, ING Vysya Bank
• Ms. Priya Gopalakrishnan, Director - Human Resources – ING Life Insurance
• Mr. Appa Rao, Company Secretary, ING Vysya Bank

CFC Ambassador

• Mr. Vaughn Richtor (CEO, Retail Banking, Asia)

Foundation Functionaries

• Joyatri Ray, Director- Projects

Joyatri has worked with children and women for the last 14 years. She has served in United Nations Development Fund for Women (UNIFEM), South Asia Regional Office for several years, focusing on the rights of children. Her work with Equitable Tourism Options, Bangalore and Lutheran World Service (India) required her to work on various child rights violations that impede positive child growth and development of a child. While promoting comprehensive child education programmes, she was also responsible for life-skill development, career counseling and creative space development of less privileged children in her earlier assignments. Her role as the Director of the Foundation would be to facilitate alignment and implementation of CSR activities across associated ING entities in India.