THANK YOU FOR SUPPORTING INQUIRY AND DRIVING IMPACT.
Our five-year campaign has been an unprecedented success. We owe our gratitude and thanks to the many alumni, friends, faculty, and students who came together to make this possible.
This generous outpouring of support will fuel groundbreaking discoveries and assist students and faculty, while fostering a positive impact on the world. This presentation provides a brief overview of the campaign and highlights some of the ways these gifts will impact the Chicago Booth community.
The Annual Fund
- 21,289 alumni gave to the Chicago Booth Annual Fund—showing the strength of the Booth community.
- During the campaign, the Annual Fund doubled from $5 million to more than $10 million.
- 4,175 donors made a first gift to Booth as students, as part of their class gift campaign.
- 2,459 donors led the way with a Dean’s Society gift of $2,500 or more.
Chicago Booth raised over $100 million from 5,724 donors for student scholarships, and more than 2,500 students received critical support during the campaign. Scholarships make Booth accessible to the most promising students with the greatest potential for impact after graduation.
Led by support from Eric Gleacher, ’67, and the Harper Family Foundation, the school raised more than $20 million to provide scholarships to veterans attending Chicago Booth. Booth has seen a nearly 300 percent increase in veterans attending the school since 2006.
Launched in 2016 with seed funding from the Neubauer Family Foundation, the Chicago Booth Civic Scholars Program provides tuition assistance and specialized programming for rising stars in the nonprofit and government sectors. The program recently expanded to include students from the Weekend, Evening, and Full-Time MBA Programs, and will double the number of Neubauer Civic Scholars from eight to 16 by 2022.
As Chicago Booth looks ahead, scholarships remain a top priority. In the fall of 2019, Booth launched the Boundless Scholarship Initiative, with a goal of raising $75 million in scholarships to recruit the best students and maximize their impact on the world. Amy Wallman, ’75, and Richard Wallman, ’74, and Roxanne M. Martino, ’88, and her husband, Rocco J. Martino, donated matching funds allowing donors to double their impact.
A gift that pays it forward
Gabriela Arismendi, AM ’10, Civic Scholars Program
With a background that includes social work, nonprofit organizations, and public schools, Gabriela Arismendi had always imagined that “MBA programs were for very specific people—type A, money-driven—the complete opposite of what I imagined myself doing.”
When Arismendi was contemplating returning to school for a PhD, an online post about the University of Chicago Booth School of Business Civic Scholars Program for nonprofit and government professionals caught her eye. The program is run in partnership with Chicago Booth’s Rustandy Center for Social Sector Innovation, and, thanks to funding from the Neubauer Family Foundation, all Neubauer Civic Scholars receive scholarship funding toward Booth's MBA programs. “This felt like something I could apply to a lot of different areas, versus a PhD that’s niche and concentrated,” says Arismendi, who works as a data strategist for Chicago Public Schools. “This could open lots of doors.”
“Most people in MBA programs know they’ll recoup their tuition investment in income, but for people in the nonprofit world, the financial considerations are much greater. Hearing that I was selected for the program felt a little like winning the lottery.”
In addition to the MBA program’s core classes, Neubauer Civic Scholars take part in specialized programming and networking, and work with faculty members who are dedicated to the program. MBA coursework offers opportunities for these scholars to broaden their perspectives on issues such as the role of business in society and the implications of expanding public-private partnerships; they graduate equipped to diagnose and tackle complex problems in government and nonprofits.
Arismendi, who expects to graduate with her MBA in 2021, says that the program has had a profound impact on her confidence. “Being willing to speak up, talking to people you don’t know, contributing at meetings are all part of being in this space where you’re expected to thrive outside of your comfort zone. The program has made me more willing to take social risks and idea risks.” During her time on campus, she has led the campus-wide Latinx Heritage Month planning committee and volunteered for Booth Social Impact projects, providing pro bono consulting to nonprofits that included a charter high school and a violence interruption group.
FACULTY & RESEARCH
The campaign raised more than $80 million in faculty support. Thanks to this support, Chicago Booth can recognize and fund faculty in diverse fields as they ask—and explore—fundamental questions.
Donors created six new professorships and distinguished service professorships. Donors also committed additional resources to two existing professorships to create a new University professorship and a distinguished service professorship. University, named, and distinguished service professorships are among the top honors that faculty can receive in recognition of significant academic achievement.
Creating new endowed professorships will continue to be a priority after the campaign to help retain the rapidly increasing number of exceptional faculty deserving of chairs, as well as recruit top researchers from other institutions.
RESEARCH & LEARNING CENTERS
The support of the Chicago Booth community is essential in supporting research that nurtures innovative approaches to society’s most critical challenges. Research and learning centers power Booth’s innovation in inquiry, the classroom, and opportunities for students and alumni. A few highlights are listed below.
- The naming of the Rustandy Center for Social Sector Innovation and the founding of the Center for Applied Artificial Intelligence
- The Harry L. Davis Center for Leadership was created in celebration of Professor Davis’ 50 years of teaching at Chicago Booth.
- Chicago Booth’s Center for Decision Research Laboratories were renamed the PIMCO Decision Research Laboratories.
- The Fama-Miller Center for Research in Finance in honor of Nobel laureates Eugene Fama and Merton Miller was established.
- The Polsky Center for Entrepreneurship and Innovation unified entrepreneurial efforts across the university.
The campaign also saw the grand opening of The Hong Kong Jockey Club University of Chicago Academic Complex | The University of Chicago Francis and Rose Yuen Campus in Hong Kong. A regional hub for ambitious research, education, and collaboration, the new location allows the university to expand its intellectual contributions and academic collaborations in Hong Kong, China, and Asia, while bringing new opportunities for community partnerships and social impact. The campus is home for Chicago Booth's Executive MBA degree program and Executive Education and Booth Executive Education nondegree courses for local professionals, as well as The Hong Kong Jockey Club Programme on Social Innovation.
Chicago Booth also announced plans to open its new London campus at One Bartholomew Close in the heart of the historic City of London, allowing the school to broaden its impact across Europe, the Middle East, and Africa.
Funding from the campaign helped to make these state-of-the-art facilities possible and reaffirmed Booth’s alumni donors as a truly international collective of individuals committed to innovation and growth on a global scale.
The campaign includes the transformative gift of David Booth, ’71, initially valued at $300 million in 2008, the largest donation in the University of Chicago’s history. The gift has enabled the school to aggressively attract and retain star faculty, invest in faculty research, and expand its international presence. The school was renamed the University of Chicago Booth School of Business in honor of this commitment.
Amy Wallman, ’75, and Richard Wallman, ’74, made a $75 million gift to Chicago Booth in the fall of 2017, building upon their legacy of philanthropic support of students and faculty. Booth is using the gift to support a number of initiatives. The high honors program is named the Wallman Scholars, in recognition of their groundbreaking support.
Michael Polsky, ’87, made a $35 million gift to establish the Polsky Center for Entrepreneurship and Innovation, which united and expanded entrepreneurial programming and education across the university.
The transformative gift of David Booth, ’71, initially valued at $300 million in 2008, is the largest donation in the University of Chicago’s history. The gift has enabled the school to aggressively attract and retain star faculty, invest in faculty research, and expand its international presence. The school was renamed the University of Chicago Booth School of Business in honor of this commitment.
The campaign enters a quiet period until 2016.
$10 million to fund scholarships for veterans with gift from Eric Gleacher, ’67.
University Trustee Michael P. Polsky ’87, gives a $35 million gift to name Polsky Center for Entrepreneurship and Innovation and unite entrepreneurial programming and education across the university.
Raymond Svider, ’89, donates $5 million to establish the Svider Private Equity Program at the Polsky Center for Entrepreneurship and Innovation.
University Trustee Byron D. Trott, AB ’81, MBA ’82, and his wife, Tina, give $10 million to support and expand the UChicago Careers in Business Program, renamed the Trott Business Program.
Bruce C. Lindsay, ’65, and Suzanne Glover Lindsay, give $5 million to establish the first professorship in economics and public policy at Chicago Booth.
University Trustee and Council on Chicago Booth member Tandean Rustandy, ’07 (AXP-6), donates $20 million to name the Rustandy Center for Social Sector Innovation.
University Trustee and Council on Chicago Booth member John Edwardson, ’72, gives $8.5 million to support and expand programming for social entrepreneurs as part of Chicago Booth’s Social Enterprise Initiative (SEI), creating the Edwardson Social Entrepreneurship Program.
Amy Wallman, ’75, and Richard Wallman, ’74, commit $75 million to support Chicago Booth, and the high honors program is named the Wallman Scholars in recognition of their groundbreaking support.
Richard Thaler, Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics, wins the Nobel Prize in Economic Sciences.
The class of 2017 contributes a total of $209,455, including $77,500 from an alumni match challenge, and establishes a scholarship supporting students with a track record of working selflessly to build and improve a community with which they identify.
David Kessenich, ’96, establishes the Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation.
Clifford Asness, MBA ’91, PhD ’94, and University Trustee John Liew, AB ’89, MBA ’94, PhD ’95, donate $10 million for new junior faculty fellowships.
The Executive MBA 75th Anniversary celebration ends with an alumni-driven scholarship fund totaling more than $851,400.
Rattan L. Khosa, ’79, gives $5 million, establishing the Rattan L. Khosa Student Entrepreneurs Program at the Polsky Center for Entrepreneurship and Innovation.
Meet Us at a Million Challenge launches, uniting 10 alumni to challenge fellow graduates with a dollar-for-dollar match.
Dave Chenn, ’00, donates $10 million in support of key university priorities, including $3 million in critical funding in support of The Hong Kong Jockey Club University of Chicago Academic Complex | The University of Chicago Francis and Rose Yuen Campus in Hong Kong.
PIMCO and the Center for Decision Research announces the PIMCO Decision Research Laboratories, a first-ever “storefront” behavioral science research lab located on Michigan Avenue that will engage the public in psychological experiments and interactive exhibits demonstrating the insights of behavioral science research.
Newly recruited faculty member and MacArthur Foundation "genius grant"–winner Sendhil Mullainathan establishes the Center for Applied Artificial Intelligence, a first-of-its-kind research center revolutionizing the business and social applications of big data and AI.
University Trustee Mary Tolan, ’92 (XP-61), directs a $10 million gift to name the Polsky Center for Entrepreneurship and Innovation’s Innovation Fund after friend and former dean George P. Shultz.
The Hong Kong Jockey Club University of Chicago Academic Complex | The University of Chicago Francis and Rose Yuen Campus in Hong Kong officially opens thanks to the institutional support of The Hong Kong Jockey Club Charities Trust, as well as support from alumni, parents, and friends led by University Trustee Francis Tin Fan Yuen, AB ’75, and Rose W. M. Lee Yuen.
University Trustee James M. Kilts, ’74, gives $4.5 million to fund a professorship and faculty research prize, both supporting marketing faculty.
University Trustee Joseph Neubauer, ’65, and Jeanette Lerman-Neubauer commit $5 million to the Harry L. Davis Center for Leadership.
Chicago Booth announces a new London campus in Barts Square.
University Trustee Nassef Sawiris, AB ’82, gives $6 million to create an Executive Education program in El Gouna, Egypt.
Chicago Booth launches the Boundless Scholarship Initiative, with a goal of raising $75 million in scholarships to recruit the best students and maximize their impact on the world. Amy Wallman, ’75, and Richard Wallman, ’74, and Roxanne M. Martino, ’88, and her husband, Rocco J. Martino, donate matching funds to drive philanthropy by allowing donors to double their impact.
Harper Family Foundation gives $10 million to name the Harper-Gleacher Veterans Scholarship Program.
Neubauer Family Foundation gift enhances and expands the Civic Scholars Program.