The Indira Sivasailam Foundation, instituted by Ms. Mallika Srinivasan, Chairman & CEO of TAFE, supports initiatives that preserve, protect and promote India's rich cultural heritage.

The Indira Sivasailam Foundation aims to focus on the rich tapestry of South Indian classical music, its practices and propagation. It annually honours Carnatic musicians in partnership with The Music Academy, Madras, with 'The Indira Sivasailam Endowment Medal' and citation. The award is presented to musicians for their continued excellence in performance, audience appeal, adherence to the classical tradition while innovating within its framework, depth of knowledge, and the ability to teach, disseminate and spread awareness about and deepen appreciation for Carnatic music.

The Foundation also undertakes the promotion of folk art, folk theatre and spiritual music. The Foundation does not however, restrict itself to just promoting the arts. It actively engages with the community on various fronts and makes meaningful contributions by participating in causes like care and welfare of senior citizens, preservation and promotion of Indian philosophy, Sanskrit literature and “Annadana”.

The Indira Sivasailam Foundation is also associated with The Kalakshetra Foundation, a deemed university with a special status as a heritage institution, with a singular focus on preserving the traditional arts and craft practices of India. The Indira Sivasailam Foundation has supported Kalakshetra in the rendition of the epic, 'The Ramayana' in the form of a dance drama series. This production, with spellbinding choreography and beautiful costumes was a re-visioning of the epic while retaining its original freshness, beauty and narrative flow.