Graduate Management News

August 2013

The Newsletter of the Graduate Management Admission Council

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From the Fundraising Desk

From the Fundraising Desk

  • Arthur J. Samberg and Mario J. Gabelli have pledged US$25 million and US$15 million, respectively, toward Columbia Business School’s new facilities. 
  • The University of Pennsylvania and the Wharton School have announced an additional gift of US$1.5 million from Barry R. Lipman to expand the scope and impact of the annual Barry and Marie Lipman Family Prize. The prize was established in 2011 with a US$6.5 million gift to recognize and expand the work of organizations from around the world that are dedicated to creating sustainable solutions for social and economic challenges.
  • Burlin Coleman has donated US$1 million to the University of Pikeville, which named its newly formed College of Business after him.
  • Alumni Giving is Robust. The Great Recession notwithstanding, business schools continue to reap alumni generosity. At the Tuck School of Business at Dartmouth College, the annual giving campaign raised a record US$6.3 million in the last fiscal year, with 70.5 percent of alumni participating. That’s the third consecutive year that more than 70 percent of alumni contributed. At the MIT Sloan School of Management, every member of the MIT Executive MBA Class of 2013 contributed to the class gift this year, helping to drive MIT Sloan to its largest student class gift year ever. Combined, students in the school’s MBA, Leaders for Global Operations, executive MBA, and Master of Science in management studies programs gave $419,996 as a class gift. And the University of Virginia Darden School of Business annual fund raised US$4.57 million in unrestricted support during fiscal year 2013, setting a record for the third year in a row. This year's 41 percent alumni participation rate was a 4 percent increase in total alumni donors.

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