Victor Menezes, a distinguished Indian American banker and philanthropist, passed away on Monday. He was instrumental in founding the American India Foundation (AIF), an impactful philanthropic organization established after the devastating 2001 earthquake in Bhuj, India. AIF, now serving over 18.88 million people, praised Menezes for his leadership, mentorship, and commitment to social change, stating that his legacy would continue to guide the foundation for generations.
As AIF’s chairman emeritus, Menezes was known for his strong belief in partnerships between India and the United States, as well as between individuals, organizations, and communities. His 32-year tenure at Citigroup, where he retired as senior vice-chairman, further demonstrated his expertise in fostering connections that led to meaningful social impact.
Menezes was deeply involved in AIF’s mission to empower women, children, and youth in India through projects focused on healthcare, education, and livelihoods. His personal involvement in AIF’s initiatives, especially during visits to India, highlighted his unique ability to connect with those AIF served. His leadership was marked by a focus on human dignity and the organization’s core belief that its work was not about charity but about creating lasting change.
The AIF board, including co-founders and global leaders like Lata Krishnan, Harit Talwar, and Pradeep Kashyap, reflected on Menezes’ human touch and invaluable contributions. Known for his wit, high standards, and passion for AIF’s mission, Menezes left an indelible mark on the foundation’s ethos.
In addition to his philanthropic work, Menezes served on several prestigious boards, including those of MIT Corporation and the Asia Society. Yet, he always expressed that AIF’s cause was closest to his heart, celebrating his 75th birthday at the AIF NY Gala last year.