IBM has announced the IBM Centennial Grants for IIT Kharagpur and Drishtee Foundation. These organizations were among the 11 shortlisted for the Smarter Planet grants around the world. The IBM Centennial Grants are both monetary and in-kind awards up to US$ 100,000 each and fund innovative projects in areas such as healthcare, energy and food safety.
The event included more than 300,000 IBM employees donating 2.6 million hours of service time at 5,000 large scale activities, serving over 10 million people on just one day. The organizations of the IBM Centennial grant recipients collaborated with significantly large numbers of IBM volunteers during the Celebration of Service Day.
IBM is awarding a total of $12 million in grants worldwide to that support employees' volunteer activities to build a smarter planet. The new technology and cash grants expand IBM's commitment to communities worldwide by 140 percent over the previous year. IBM'S total worldwide giving program in 2010 was $189.2 million.
