Ross Gets $1 Million for Business+Impact Initiative

By - May 10, 21:41 PM Comments [0]

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Business+Impact, a social impact learning initiative at the University of Michigan’s Ross School of Business, is set to benefit from a $1 million donation received by the school.

The gift comes courtesy of Applebaum Family Philanthropy. It will go toward Business+Impact’s efforts to support social impact learning, including in areas such as poverty, sustainability, and policy.

Thanks to the gift, Business+Impact will be able to establish a permanent endowment for scholarship and internship funding available to Business+Impact students. Ross anticipates that about 20 students will receive support each year through the Applebaum Impact Design Fellowship.

The donation will also spur the creation of new learning opportunities. For example, Ross is creating the Applebaum Innovator-in-Residence position, which will provide coaching and mentoring to students.

Pamela Applebaum explained that “advancing the next generation of entrepreneurs by providing opportunity for collaborative inspiration has long been an essential priority for my family.”

She described “bridging business acumen and entrepreneurship to help lead community improvement” as “the next important step in this progression.”

The family, including Pamela’s father Eugene, have been longtime supporters of Ross, especially of the school’s entrepreneurship initiatives. Pamela is on the advisory board of Ross’s Zell Lurie Institute

The Applebaums’ recent $1 million gift is the latest good news for Ross students interested in social impact careers.

Earlier in April, Ross announced a new student loan repayment program for graduates of the school’s full-time MBA program working in the public or non-profit sectors. Under the program, known as Impact Advantage, Ross will contribute $7,500 in loan payments for up to five years.

Announcing that program, Ross’s Francine Lafontaine commented that the school had been seeing an uptick in students “pursuing roles in the public or non-profit sectors, with the goal of making a positive difference in society after graduation.”

Indeed, with its efforts to expand social impact offerings, Ross is a school worth looking at for those interested in attending a top MBA program with the goal of a social impact career.

We’d be happy to help you evaluate how Ross fits with your profile as an MBA applicant – and what you can do to put together an MBA application that will highlight the individual strengths, perspective, and goals you bring in a way that stands out to adcoms.

If that sounds like it would be helpful, get in touch with us and ask for a free MBA application assessment!

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