Darden School of Business
As of June 30, 2013, Darden received a total of $138.7 million to help support the four main priorities of the school. Unrestricted gifts, including Annual Fund and unrestricted endowment giving as well as corporate sponsorships, totaled $44.2 million. These flexible funds spark learning, teaching, research and academic innovation. The Annual Fund provides critical operating funds that fuel emerging priorities and enable Darden to seize opportunities and support innovation at the discretion of the dean. A portion of the $33.3 million raised for faculty support and curriculum development helped the school create two new Centers of Excellence and launch the Global MBA for Executives program. The funds raised for infrastructure, experience and technology, which totaled $43.8 million, enabled Darden to create online learning opportunities and to establish and expand the W.L. Lyons Brown III Innovation Laboratory and the i.Lab Incubator to support the development and growth of promising seed- and early-stage business ventures. Gifts to student organizations inform career choices and/or demonstrate public service and social responsibility through activities such as Building Goodness in April. The school also raised $43.8 million for student fellowship and financial aid and created nearly 50 new endowed or current-use scholarship funds, which have enabled Darden to form an exceptional, diverse student community. Donor support enables Darden to attract the best and the brightest students and faculty, which in turn helps the school continue to rise in the rankings.
Center for Asset Management
Darden’s newest Center of Excellence was launched in 2013 after the school reached its Phase I funding goal of $12 million through the generosity of the center’s founding donors. On completion of Phase II funding, the Center for Asset Management will have a $20 million endowment. CAM aims to advance the study and practice of asset management through top-quality research, regular conferences and activities, support for the students of Darden Capital Management and the development of educational programs. The center sponsors the University of Virginia Investing Conference, during which industry experts from around the world convene at Darden to discuss the investing environment.
Institute for Business in Society
The Institute for Business in Society, established as a Darden Center of Excellence in October 2011, aims to be a leading global catalyst and convener of thought, information and action, promoting the development of leaders to positively impact society through their roles in business. IBiS currently has $10.8 million in funding, collectively received from the generous support of corporate sponsors Amgen, MeadWestvaco, Northrop Grumman and an anonymous individual supporter. The activities and accomplishments of IBiS thus far include:
Gifts at Work
Raising Darden’s Global Profile
The first Global MBA for Executives cohort graduated from Darden in May 2013. The GEMBA format, launched in fall 2010 with support from private donors, attracts working executives from around the globe who desire to earn an MBA and develop greater global business acumen. The program involves the same action-oriented, decision-focused curriculum found in Darden’s full-time MBA and MBA for Executives formats, but is delivered across six global residency-centered terms. GEMBA significantly increases Darden’s profile on four continents and helps Darden fulfill its mission of improving the world by developing and inspiring responsible leaders and advancing knowledge.