The Jamnalal Bajaj Foundation was established in 1977, in the memory of Mr. Jamnalal Bajaj, a close associate and adopted fifth son of Mahatma Gandhi. It was inaugurated on 4th November, 1977 by Mr. Morarji Desai, Prime Minister of India. For Shri Morarji Desai, it was a time for remembering the past with fondness and nostalgia. He blessed the Foundation for what it set out to do for the spread of philanthropy and promotion of Gandhian philosophy, values and constructive work.

Since 1977, the Jamnalal Bajaj Foundation has been promoting Gandhiji's constructive programmes and honouring people who have aligned themselves with the Foundation's philosophy and causes. It continues to serve the ideals to which Jamnalalji had dedicated his life; and promotes the kind of Gandhian constructive activities, in which he himself was deeply involved during the lifetime.

The Jamnalal Bajaj Foundation is also committed to the rural development activities especially in the Wardha district. In addition, the Foundation substantially funds programmes which facilitate economic development, health, hygiene and sanitation, child and adult education, women and child welfare and alternative use of natural resources. Of special significance is the Foundation's financial contribution to widows and children of farmers of the Vidarbha district who have committed suicide.