The Tata founders bequeathed most of their personal wealth to the many trusts they created for the greater good of India and its people. Today, the Tata Trusts controls 66 percent of the shares of Tata Sons, the principal investment holding company and promoter of Tata companies. The wealth that accrues from this asset supports an assortment of causes, institutions and individuals in a wide variety of areas
Strong beliefs on sharing of wealth led the founders of the Tata group to endow a number of philanthropic trusts that support premier academic institutions, social and community causes, and programmes for the uplift of the under-privileged.
The JN Tata Endowment was set up in 1892 by the founder of the Tata group, Jamsetji Tata, to encourage young people to take up higher studies at some of the best universities in the world. Every year the endowment selects around 120 scholars.