Corporate Social Responsibility deals with the social, environmental and economic development of the society or community and stakeholders. CSR enables the businesses to integrate social, environmental and economic concerns in their operations and interactions with their stakeholders. The Planning Commission has recommended bringing up social responsibility for advancing higher education in the 12th plan. The products of such educational institutions not only improve their livelihoods and advance their professional opportunities but also become and act like good citizens of the country. This paper explores the need of Institutional Social Responsibility, to implement ISR as an obligation, whether the universities are facilitated with financial support system and formal guidelines as a directive reference. Also identify the challenges and opportunities for incorporation of ISR in selected higher educational institutions and the perception faculty Members on institutional social responsibilities in higher educational institutions in Bangalore The paper opted for a questionnaire based exploratory survey of faculty members across different Educational Institutions in Bangalore .The findings suggest that there is a positive impact on educational institutions with the implementation of ISR. There is a recognition in the community, develops the skills, leadership, experience in project management for their positive work.