The Babson Rising Campaign
Babson Rising Raises $216+ Million
“My deepest thanks go out to the entire Babson Community for their tireless support of our mission to educate entrepreneurial leaders who create economic and social value everywhere. Thanks to their generosity, Babson is strongly positioned to expand and enhance efforts to attract great faculty and students, provide the most current learning materials, offer a living and learning environment, and, ultimately, make a lasting impact on the world.”
– Len Schlesinger
President, Babson College
Thanks to the generous and loyal support of more than 17,500 Babson friends and family, Babson Rising raised an unprecedented $216 million for Babson College. Launched in 2007, the Babson Rising campaign was designed to raise $200 million to support Babson’s efforts to advance Entrepreneurial Thought and Action® globally, extend our educational model and collaborate with new partners, and promote Entrepreneurship of All Kinds™ as a way to make industries and economies the world over stronger and more responsive to the ever-changing business landscape. In September 2011, Babson successfully had exceeded its fundraising campaign goal nearly four months before the campaign’s scheduled closing date. In typical Babson-style, the College celebrated this milestone by increasing the campaign goal and committing to close out Babson Rising at $215 million. The largest and most successful fundraising drive in the history of the College, Babson Rising finished with a flourish–raising a total of $216 million by December 31, 2011.
We are deeply grateful to all who have joined in this effort and helped us reach this extraordinary result. Through the generosity of the Babson community, and the exceptional leadership of Campaign chairman Bob Weissman, Babson Rising is helping us advance our mission of preparing leaders to create economic and social value for our rapidly changing world. Babson Rising is supporting the development of academic and research activities, providing scholarships to deserving students, supporting programs that advance Babson’s mission, and strengthening Babson’s renowned entrepreneurship-infused curricular and co-curricular offerings.
The funds raised through Babson Rising already have made an impact by allowing Babson to:
- Increase scholarships and fellowship programs to ensure the most talented students are able to attend Babson and extend what they learn here at Babson to enhance their careers and maximize their impact on the world. In fact, endowed scholarships have increased by more than 25%. Babson Rising helped facilitate:
- 19 Weissman Scholars defining their vision for Babson and the world;
- The Kronospan Scholarship Program, the first non-US, need-based full undergraduate scholarship;
- The Tzedakah Scholarship, an anonymous scholarship beginning in fall 2012 providing need-based financial assistance, including four years of full tuition, room and board, to a deserving undergraduate student;
- The Enrico Dallas Scholarship Fund for undergraduates from the Dallas, Texas public schools;
- The Rick and Sandy Sorenson Endowed Scholarships for the Arts for students potentially combining artistic endeavors with a management education;
- The Rick and Sandy Sorenson Visiting Artists Program, a semester-long artist in residence program; and,
- The Fischer Family Fellowship, which supports full-time MBA students.
- Increase faculty endowed chairs by 22%.
- Support a key annual survey of online education in the U.S. through the Alfred P. Sloan Foundation grant.
- Support for the Stephen D. Cutler Center for Investments and Finance thanks to Mr. and Mrs. Stephen D. Cutler and Mr. and Mrs. Carleton F. Kilmer.
- Support global programs and initiatives, including:
- The Global Consortium for Entrepreneurship Educators, a catalyst and convener for entrepreneurship education throughout the world;
- The Babson Rwanda Entrepreneurship Centre;
- The Journey West: Babson’s Global Forum, Shanghai, China, in which Babson leaders and influential Chinese business professionals, scholars, and government officials discuss economic and social value creation;
- The Banco de Chile-Babson Symposium for Entrepreneurship Educators; and,
- The creation of a Global Advisory Board
- Fund Babson’s critical work around social innovation, including the following initiatives:
- Creating the new Social Innovation Lab within the Lewis Institute for Social Innovation. The Lewis Institute was founded in 2010 with a generous gift from Alan and Harriet Lewis;
- Funding Giving Voice to Values, an innovative, cross-disciplinary business curriculum and action-oriented pedagogical approach for developing the skills, knowledge and commitment required to implement values-based leadership;
- Launching the Demiroren-Oktay Family Tri-Campus Sustainability Fund, which supports Wellesley, Olin, and Babson Colleges joint program integrating business, engineering, and the liberal arts in the service of environmental sustainability, providing students with the cross-disciplinary academic preparation and the cross-campus cultural collaboration experiences needed to approach environmental issues holistically; and,
- Supporting Food Sol, an “action tank” catalyzing triple-bottom-line food-system innovation.
- Dedicate additional resources to key athletics areas and initiatives, including the renovation of and/or improvements to the Hall of Fame, the Peterson Study Center, the varsity strength and conditioning center, and the coaches’ Recruitment Management System.
- Dedicate resources through the Barefoot Student Life Initiative Fund to enhance undergraduate and graduate student life programs, such as special interest communities (eTower, Green Tower, and Philanthropy Tower).
- Support classroom technology enhancements thanks to the James B. Malloy Technology Fund.
- Create a new Parents Executive Committee.
- Enhance outdoor and social spaces on campus such as Barefoot Park, Lorber Park and Mandell Family Hall.
- Bring the nationally acclaimed Lemonade Day program to Boston. Through Lemonade Day Boston, Babson and the City of Boston are providing hundreds of Boston youth the opportunity to learn first-hand about entrepreneurship, build business skills and confidence and more.
- Hold a Summer Venture Program through which student entrepreneurs at Babson are provided work space, mentors, speakers, resources, and a demo day at the conclusion to present to professional investors.
- Fund the making of The Apple Pushers documentary, written and directed by Mary Mazzio, narrated by Edward Norton, and underwritten by the Laurie M. Tisch Illumination Fund.