By Anand Desai, Managing Partner, DSK Legal

Philanthropy requires money. The intent of industry is to generate money. Both charitable trusts and business corporates benefit from good governance. On the face of it, they are compatible. The ideal that industry can be used to generate money for the greater good has stood the test of time, and indeed shone bright in the case of the Tata Group —one of India’s oldest, largest, and most respected business conglomerates that has developed a global reputation across widely diversified businesses.

Tata Trusts are public charitable trusts established to pursue their respective charitable purposes. Their affairs are managed by their trustees who are required to function in accordance with the terms of the trust and exercise the same care as a man

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