See the strong ties bringing the INSEAD community closer than ever before
The INSEAD alumni network is robust, diverse and globally connected. Our alumni are citizens of the world – distributed across 175 countries with 162 nationalities. They understand how to balance local and global perspectives, an aspect of the INSEAD culture that is powerful and valuable in the 21st Century. Our alumni are engaged with the school and fellow alumni, attending events, advancing the school's mission through donations and being active in National Alumni Associations and clubs.
This year, we are making it even easier for alumni to engage and support the school. The launch of a volunteer website in 2017/2018 highlights many different ways to contribute, such as joining the more than 2,000 interviewers who contact prospective students worldwide or becoming an INSEAD careers ambassador.
Our Salamander magazine also keeps our alumni community connected. This year featured a woman-focused edition for iW50 with special profiles, a video interview and advice section. Throughout the year, the magazine shared stories of our exemplary faculty, staff and graduates.
In August 2018, the school and the INSEAD Alumni Association expanded the awards for outstanding achievements by alumni. This year’s first-ever winners of the INSEAD Alumni Force for Good Awards were recognised for positive social impact in their professional or community work.
As we advance into The Campaign for INSEAD: A Force for Good, we are pleased to recognise alumni achievements that demonstrate excellence and exceptionality, and now those who use their INSEAD education to make the world a better place.
The year that led up to the launch of The Campaign for INSEAD: A Force for Good was an extraordinary time for the school’s combined fundraising and outreach efforts. The total amount raised in gifts and pledges was €54,843,402 – the most successful year of philanthropy in INSEAD history. The outpouring of support reflected the school’s dynamic engagement with its alumni.
The school, in collaboration with the INSEAD Alumni Association, facilitated 128 events with faculty speakers for alumni throughout the world and launched a suite of dedicated online programmes designed to make studying at INSEAD a lifelong experience.
The highlight of the year was the milestone €40 million commitment from André Hoffmann MBA’90D and his wife Rosalie – the largest ever individual alumni gift – to establish the Hoffmann Global Institute for Business and Society. The Hoffmann Institute ushers in a new era for INSEAD research, teaching, outreach and business impact.
The creation of the Institute inspired many other gifts for research in business and society from friends and alumni alike. The Janssen Family Endowed Professorship, the Patrick and Valentine Firmenich Fellowship and Research Fund, the Goltz Fellowship, the Mirjam Staub-Bisang Fund, the Jacques Garaïalde Research Fund, the Dirk Luyten Research Fund and the Cyril de Bournet Fund significantly expanded the school’s capabilities in major domains, including wealth inequality and gender balance.
Business and society was not the only area of research to receive significant donations. The Centre for Decision Making and Risk Analysis, for example, received a leadership gift to advance understanding of biases and devise tools to overcome them. The Cornelius Grupp Fellowship in Digital Analytics for Consumer Behaviour was established to recognise and support innovative research in marketing.
Thanks to new and current donors, 17 new MBA scholarship awards were established and others were renewed. The average amount received by students increased more than 13% to €17,000, up from €14,900 in 2017. The new Ian Potter MBA’93D PhD Scholarship will stimulate our vibrant academic community by supporting current and future doctoral students in their research. In the year of iW50, it was great to see that women’s scholarships received significant support both in terms of funds raised and new scholarships established.
In May 2018, the second annual Scholarship Dinner paired donors and current students in Paris for an inspiring evening. The personal stories shared at the event highlighted how scholarships raise standards, nurture diversity and change individual lives by enabling outstanding applicants and candidates of limited means – often from developing economies or unconventional career backgrounds.
The renovation of the original INSEAD Europe Campus in Fontainebleau, one of the Campaign’s major priorities, received a significant financial boost through a leadership pledge. In addition, we received a legacy commitment towards the renovation of the Euro-Asia Centre building on the Europe Campus, which is where INSEAD’s close relationships with Asian business truly flourished.
The second annual Giving Day in March 2018, a joint collaboration between INSEAD, the INSEAD Alumni Association and the INSEAD Alumni Fund, raised a remarkable €681,453 from 1,507 donors in 78 countries – doubling the number of gifts and amount raised at the inaugural event just a year earlier. Unrestricted gifts, promoted by Giving Day, gives the school flexibility to channel funds where they are most needed.
The annual Robin Hood campaign, in which current MBA students give scholarship support to the classes that follow, broke a record in 2017/2018 with the highest ever amount raised from the class of MBA’18D.
New fundraising records were also set this year at reunions. The MBA’13J class raised the highest ever total for a five-year reunion. The MBA’68 class achieved the highest total and participation rate for a 50-year reunion; and the MBA’98Ds made the fastest ever collection of €250,000 – in just eight weeks – to create an endowed class scholarship. The number of Salamanders awarded in recognition of cumulative giving and loyalty rose by more than 100.
Led by groups of dynamic alumni volunteers and faculty, the three alumni forum events once again drew large audiences – this year to Hong Kong, San Francisco and a coastal resort town close to Amsterdam. The INSEAD Visionaries Conference also brought major donors together in London to discuss key topics at the intersection of business and society in a world café discussion format of rotating groups.
Reunions continue to grow in terms of both numbers and innovation, with record attendances and new formats. As part of the initiative to engage more young alumni, for example, we launched one- and two-year reunions in Singapore, which were both well attended.
The largest event of all was Global INSEAD Day. On 12 September 2017, the INSEAD community gathered in 59 cities across 43 countries to launch the flagship iW50 yearlong event in celebration of INSEAD’s female pioneers. The iW50 activities concluded with the Summit in June 2018, where more than 500 men and women, many of them alumni, reaffirmed their commitment to gender balance.