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The response to The Campaign for INSEAD: A Force for Good has been overwhelming and inspiring – a testament to the strength of our alumni community and their support.
The Campaign launch celebrations in 2018 and early 2019, featured at the beginning of this report, set the tone for an inspirational year. Alumni, friends, corporations and foundations gave a total of €27.8 million in gifts and pledges. Donor numbers rose to 4,676, an increase of 17% compared to the previous year.
The rising tide of support and the funds raised had a huge effect in advancing the school. To begin with, leadership gifts from six alumni donors who supported the school with gifts of €1 million and above, and more than 30 individual donors who gave €100,000 or more, transformed entire areas of the school. These large individual gifts enhanced our capacities in faculty and research, supported the Europe campus renewal and the newly opened San Francisco Hub for Business Innovation and further strengthened our scholarship offerings. Knowledge creation through the Hoffmann Global Institute for Business and Society remained a focal point of donor support, as did the impact of new technology, particularly blockchain and AI.
Increasing in popularity year on year, the Dean’s Fund/Greatest Impact received €2.2 million in gifts and pledges in academic year 2018/2019, the highest yet. A total of 1,615 donors chose to support the school this way, a 16% increase over last year. As donors to the Fund give the Dean the freedom to decide on the use of their gifts, the school could invest quickly in strategic priorities and catalyse innovation. Their gifts played a crucial role in supporting the INSEAD San Francisco Hub as they did in providing seed money for research and innovative projects led by our faculty.
Alumni have always played a key role in expanding and strengthening INSEAD’s capacity to offer scholarships. Their support enabled us to award scholarships to 306 MBA students in 2019. Individually, in groups or as a class, alumni boosted existing scholarships and created 22 new ones, greatly helping our flagship MBA programme’s diversity and talent retention.