Chairs are occupied by Professors who have distinguished themselves and been recognized by their peers for their research and/or technology development, and who have excelled in teaching and service to the Institute/nation/profession. It is intended to host the eminent expert Professors as Chair with various options for visits and engagement, suitable salary and benefits or honoraria, accommodation and varied endowment amounts as applicable. The achievements must therefore go beyond those that earned them the Professorship, and should demonstrate leadership in one or more of these aspects.

Four categories of Chairs identified under this scheme:

I. Distinguished Chair:
a. Intended to host world’s leading researchers in specific fields, visits of 3-5 years
b. Salary & benefits provided on globally-competitive basis
c. Campus housing to be provided
d. May be endowed with an initial corpus of Rs. 10 crores ($ 1,600,000)
II. Visiting Chair:
a. Intended for visits of 1-3 years by leaders in academia, industry and research
b. Salary & benefits on par with IITM faculty
c. Campus housing to be provided
d. May be endowed with an initial corpus of Rs. 300 lakhs ($ 600,000).
III. Adjunct Chair:
a. Intended for short-term visits (less than one year) by leaders in academia, industry and research
b. Honorarium (covering travel & living expenses) to be provided based on services offered
c. Campus accommodations to be provided
d. May be endowed with an initial corpus of Rs. 50-250 lakhs ($ 100,000-500,000)
IV. Institute Chair:
a. Intended for senior IIT Madras Professors to reward exceptional performance
b. Selected faculty will be identified as “(Named) Institute Chair” until retirement, but financial benefits will be provided for an initial period
c. May be endowed with an initial corpus of Rs. 1 Crore ($ 150,000)

If you're looking to make a year-end gift, these may be good options for you to consider. These Chairs will play a significant role in positioning IITM as a global leader in research.