Genesis

Sri Brajdeo Sahay not only inherited the basic instinct to help the downtrodden from his parents, Shri Sukhdeo Sahay and Smt. Sarojini Sahay, irrespective of caste and creed, but despite limitations, humbly pursued with the support of his spouse, Smt. Indrani Sahay. Education was visualized early by them as an all-encompassing tool, and they even made sacrifices to facilitate it for family members, along with some help to the needy.

In October 1997, as a befitting memory as well as to give concrete shape to their intentions, the offspring, along with our brother-in-law, Mr PRAKASH KUMAR VERMA, who had wide experience of running an NGO, decided to start a Public Charitable Trust in their hometown, Daltonganj, district Palamau of erstwhile Bihar state. It was named “Brajdeo Sahay Memorial Trust”. The basic objective of the trust was to accomplish the desires of late Brajdeo Sahay for the upliftment of poor girls and boys in the field of education. Simultaneously, two scholarships of Rs. 6000/- each annually, one for a girl and the other for a boy, were launched
and awarded during Sarvjanik Chitragupta Puja in November 1997, and are being continued with modifications.

Observing and reading about the economic plights of the country’s poor, Founder Members (Offspring) of the Trust had often discussed and debated the need to do much more than is being done. The requirement was for growth to ensure that the poor have access to health, education, and a safety net. Enlarging vision and area of operation, on 22nd June, 2005, another Trust, namely, “Indrani Brajdeo Sahay Foundation” was formed at New Delhi. All the offspring bequeathed their entire share of ancestral properties situated in and around the ancestral village TARHASI, as well as at Daltonganj, all in Palamau district of Jharkhand State, in favor of the Foundation and pledged to contribute more in the future. This Foundation was registered in Delhi
on 05.07.2005.

Subsequently, the previous Trust, Brajdeo Sahay Memorial Trust, by a resolution dated 16.03.2006, decided to merge the identity of that Trust with IBS Foundation and transferred its entire assets and liabilities to this Foundation. The Foundation accepted it and increased the annual scholarships from 2 to 3 students w.e.f. 2006 itself. On 09.11.2007, the Director of Income Tax (E), New Delhi, has exempted the Foundation u/s 12AA, read with Section 12A as well as u/s 80 G (5) (vi) of the Income Tax Act, 1961. The latter was for the period from 01.04.2007 to 31.03.2009 and again has been extended by the Director of Income Tax, Delhi, which is still operational.