Left to Right: Mr. Anand Mahindra, Governor of UWC Mahindra College and Chairman, Mahindra Group hands over a cheque to Mr. Pelham Lindfield Roberts, Head of College, UWC Mahindra College, India at a press conference to announce major scholarship commitment to the UWC movement from UWC International Patron, Shelby M.C. Davis and Mahindra. Mr. Bharat Doshi, Governor of UWC Mahindra College and Director, Mahindra & Mahindra Ltd. is first from left and Mr. Ulhas Yargop, Governor of UWC Mahindra College and President, IT Sector, Group CTO and Member, Group Executive Board, Mahindra & Mahindra Ltd. is third from left. Students from the UWC Mahindra College are also seen in the picture.
September 15, 2014, UWC Mahindra College
UWC International Patron, Shelby M.C. Davis and Anand Mahindra, Governor of UWC Mahindra College and Chairman of India’s Mahindra Group, today announced that together they will provide major new support for the UWC movement. Jointly, they are committing a total of US$12.5 million scholarship funding over the next five years.
Shelby Davis and Anand Mahindra said: “The world needs extraordinary leadership to navigate today’s complex challenges, tensions and conflicts, as well as to make the most of new opportunities. The UWC movement is ideally suited to provide such leaders and we are privileged to support it.”
“We believe in the potential of UWC students and we believe in the power of leading by example – thus our decision to step up for UWC at this time. The UWC movement is committed to increasing its impact in a world where its mission and values are so relevant and our joint commitment supports that. We applaud UWC’s expansion through two new colleges this year – UWC Robert Bosch College in Freiburg, Germany and UWC Dilijan in Armenia – and the prospect of a further college in Changshu, China in 2015. We expect to see this growth continue as UWC reaches more students and finds more ways to extend its impact. We hope many others will join us to provide more UWC scholarships for aspiring youth from all parts of the world.”
Shelby Davis will contribute US$7.5 million, US$1.5 million a year for the next five years. Of this total, US$5 million will provide additional funding for the Davis Scholarships, which already support more than 100 Americans to attend UWC-USA in New Mexico and the 13 other UWC schools and colleges. The remaining US$2.5 million will continue Mr Davis’ support for the Davis International Scholarships, established a decade ago and operating in every UWC college.
The Mahindra Group will contribute Rs 300 million (approximately US$5 million), Rs 60 million a year for five years, in support of need-based scholarships for students at UWC Mahindra College. These funds will be transformational for UWC’s Indian college and are expected to support 50 new scholarships each year, 25 for Indian students and another 25 for students selected by UWC national committees in other countries.
Sir John Daniel, Chair, UWC International, commented: “This is extraordinary news and on behalf of the UWC movement I express our profound gratitude to Shelby Davis and the Mahindra Group. UWC offers one of the most extensive scholarship programs in the world, but we are always striving to do far more so that we can further increase our student diversity. Shelby Davis and Anand Mahindra have an outstanding record of supporting UWC, and we invite others who embrace the UWC mission to join them in giving us the capacity to reach more young people from all over the world.”
Sir John announced that the joint initiative of Shelby Davis and the Mahindra Group will be recognised by a renewal and extension of the existing Davis International Scholarships. From 2014-15 onwards, four outstanding second-year students at each UWC institution will be named ‘Davis-Mahindra International Scholars’.
Sir John added, “With two new UWC colleges opening, this is an exciting year for UWC. These remarkable new commitments made by Shelby Davis and the Mahindra Group make us even more optimistic about the future and our mission of using education as a force for a more peaceful and sustainable world.”
About Shelby M.C. Davis
Shelby M.C. Davis was the founder of Davis Advisors, a mutual fund management company with more than $60 billion under management, now being run by his son Christopher.
Mr. Davis received his Bachelor of Arts degree from Princeton University in 1958. He majored in American History, was a member of Tiger Inn, and was a reporter for the college newspaper, The Daily Princetonian.
Mr. Davis began his career with the Bank of New York, where he worked for eight years. He entered the Bank as a Security Analyst and after five years was put in charge of Equity Research and named its youngest Vice President since Alexander Hamilton.
Since retiring from running Davis Advisors, Mr. Davis has become a major philanthropist. His extensive commitment to the UWC movement led in the year 2000 to Mr. Davis founding, with veteran international educator Phil Geier, the Davis United World College Scholars Program. Established to provide opportunities and funding for alumni of UWC schools and colleges as they progressed to university, the program has since grown to become the world’s largest international scholarship program for undergraduates. Davis’ philanthropy is currently contributing over $45 million annually to this cause, which to date has supported over 6,000 scholars on over 91 American college and university campuses.
Mr. Davis is an honorary trustee of the U.S. Ski & Snowboard Association and International Patron of the United World Colleges movement. He has served on the boards of Princeton University, United World College-USA, the Hoover Institution and the Teton Science School. He has been widely recognized for his philanthropy and awarded numerous honorary degrees.
Mr. Davis is married to Gale Lansing Davis and has six children, three with Gale and three from a previous marriage, and eight grandchildren. Mr. and Mrs. Davis reside in Jackson Hole, Wyoming.
For further enquiries, please contact:
Dr. Philip O. Geier, Executive Director
Davis UWC Scholars Program
Tel: +1 802-443-3200
Email: [email protected]
About the Mahindra Group
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A US$16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles,information technology,financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the Emerging Markets category in 2013.
Corporate Social Responsibility (CSR) is an integral part of business at the Mahindra Group and the key motivation behind is its desire to think alternatively, drive positive change and enable people to rise. The key focus areas of the Group’s CSR programme include Education for girl child and for youth, Public Health and the Environment. Employees across the Group devote their personal time and energy to help further the social causes through the Employee Social Options Programme.
For further enquiries please contact:
Ruzbeh Irani, Chief Group Communications and Ethics Officer
and Member of the Group Executive Board
Tel: +91 22 2490 1441
Email: [email protected]