As a leading business school, INSEAD is continually investing in research, teaching innovation and scholarships to attract the best talent from around the world. The strong support from our alumni and friends, and from corporations, is enabling us to make strategic investments that are key to advancing our mission.
An engaged donor community
Collective commitments in 2016/2017 reached a record €33.6 million, elevating INSEAD’s ability to respond to new opportunities.
It was a year of leadership giving by our alumni, marked by the school’s first eight-figure gift from an alumnus, as well as other significant investments. Equally, the number of alumni donors rose by 300 over last year, continuing the trend of increasing alumni support. Not to be outdone, more than 70% of students from the classes of MBA’17J and MBA’17D gave to the Robin Hood campaign, a tradition of fundraising led and managed by students. And corporations, many of whom are close partners of the school, renewed their support of scholarships and programmes.
It was an oustanding year of support to our faculty and research. Gifts to these areas amounted to €20.8 million of which €12.5 million was directed to Entrepreneurship. Among the highlights were the establishments of The Rudolf and Valeria Maag Chair in Entrepreneurship, The Rudolf and Valeria Maag Professor in Entrepreneurship, The Sauvage Family Endowed Chair for Academic Excellence, and The James M. and Cathleen D. Stone Centre for the Study of Wealth Inequality (see Faculty & Research section).
Gifts and pledges to scholarships surpassed €7.3 million. These helped to significantly expand opportunities for top candidates and strengthen the diversity that makes INSEAD programmes unique. The scholarships boosted representation of women in our MBA classes as well as that of students from Africa, the Americas, Asia, Europe and the Middle East.
Leadership gifts led to the establishment of several named scholarships including the Henriette and Norbert Albin Endowed MBA Scholarship, the Dr. Samith Darwazah Endowed Scholarship, the Christoph Rubeli MBA’92D Endowed Scholarship, the Michael and Susan PragnellEndowed Scholarship, the Wolfgang Schaefer Scholarship, the Piet and Wina Van Waeyenberge Endowed Scholarship and the Pot Family Foundation Scholarship.
Some classes chose to honour their classmates through establishing INSEAD scholarships in their names. Alumni also gathered around special scholarship projects. A key success was the establishment of the endowed merit-based scholarships for Swiss MBA candidates.
More and more donors are supporting Dean Ilian Mihov’s vision for INSEAD through unrestricted gifts to the Dean’s Annual Fund. The number of donors to this fund grew by 60% over the previous year. The Fund supports a wide range of initiatives from curriculum review to seed funding for new research projects. As an example, the Fund enabled three MBA’17D students to participate in the 2017 MBA Impact Investing Network & Training competition at Wharton School. Competing against 25 teams from the world’s best business schools, the INSEAD team took home the top prize for their solution to improve medical education in India.
Increasing trust and commitment from our community (annual donations in € millions)
Giving in 2016/2017
New giving initiatives
The Salamander Challenge that began in January 2017 culminated in the inaugural INSEAD Giving Day on 21 February. Widely featured on social media, the Salamander Challenge was represented by mascots or ‘global ambassadors’ who travelled the world, advocating our shared beliefs in diversity and tolerance. This initiative was a truly global collaboration between the INSEAD Alumni Association, the INSEAD Alumni Fund and the school. It raised gifts from over 700 donors across 56 countries, building fundraising momentum and raising awareness about the importance of investing in INSEAD.
A second new initiative, the Tomorrow’s Leaders Programme has been introduced to engage younger alumni with the school. Alumni who graduated up to 15 years ago now have the opportunity to name scholarships at attractive gift levels.
Connecting the community
We continue to create new lifelong learning opportunities for alumni, ranging from online programmes to career-focused webinars tailored to executives. A large number of alumni participated in these opportunities and benefited from the exclusive discounts offered to IAA and NAA members.
As part of our ongoing efforts to drive engagement and promote INSEAD alumni on social media, we launched the INSEAD Alumni Facebook page and an ‘alumni business’ page on the INSEAD website. By the end of 2017, more than 120 alumni had listed their products and services, demonstrating the breadth and depth of entrepreneurship in the INSEAD network.
The highly successful Summer@INSEAD programme, introduced in 2015, continues to engage alumni and their families. This year, INSEAD welcomed 80 talented teenagers, primarily children of alumni, to Fontainebleau for two weeks of intensive business education, team-building and careers coaching. These bright students impressed our faculty with their ability to keep pace with challenging courses.
Alumni events and awards
The single largest annual gathering of INSEAD alumni is Global INSEAD Day, which took place for the fifth time in September 2017 in 59 cities. This year’s events honoured the 50th anniversary of women joining our MBA programme, which will be celebrated throughout the course of the coming year.
In partnership with the INSEAD Alumni Association, INSEAD has launched a new initiative to expand recognition of alumni achievements through the creation of a series of awards. Robert Keane MBA’94D, Founder and CEO of Cimpress, was the inaugural recipient of the Alumni Global Entrepreneurship Award. Other awards include the Alumni Force for Good Award and Alumni Volunteer Leader Award.
In 2016/2017, our Alumni Forums took place in Singapore, Montreal and Paris. The Singapore Forum focused on the Future of Business; in Montreal, the topic was Innovation and Entrepreneurship; and in Paris, we examined Digital Transformation. These highly successful occasions brought together alumni with some of the best business minds and most innovative entrepreneurs to engage in thought-provoking debate and generate new ideas.
The year’s four alumni weekends were among the most well attended in our history, and the Alumni Relations team also worked together with local National Alumni Associations to present more than 120 other events worldwide, featuring INSEAD faculty speakers and further strengthening the bond between the school and our alumni community.
Nida Januskis has been appointed as Associate Dean of Advancement. Ms. Januskis joined INSEAD in 2016 as Executive Director of Development, bringing extensive experience and expertise from her work at Harvard Business School.