Michigan Ross Receives $1M Gift for Business+Impact Initiative
The Stephen M. Ross School of Business at the University of Michigan has received a $1 million donation from the gracious Applebaum Family Philanthropy. The mission of the Applebaum Family Philanthropy is to provide invaluable opportunities and experiences to the next generation, and this thoughtful gift is dedicated to doing exactly that. By implementing the new Applebaum Family Business+Impact (B+I) Experiences and Innovation Program, Michigan Ross will have the ability to offer more resources and rewards for students.
This program will provide action-based learning in social impact, sustainability, poverty alleviation, and related policy. Most importantly, this gift will establish a permanent endowment to fund internships and scholarships for B+I students. The students who receive funding from this endowment will be known as Applebaum Impact Design Fellows and Interns. This gift has already funded approximately 20 graduate and undergraduate students at the university and is expected to support many more Business+Impact students in the future.
The gift will also provide funding for a range of impact and design activities, such as the new Applebaum Innovator-in-Residence. This program will provide coaching for the Applebaum’s fellows, founders, and interns to design and build prototype development models for social impact, community outreach, research, and more. Fellows and interns will also be given access to resource to design these prototypes by the +Impact Design Lab. The program is ideal for students who are looking to bring their ideas to life and see how their projects take root.
Scott DeRue, Dean at the Edward J. Frey Ross School of Business, said, “We [Ross School of Business] are incredibly grateful to Applebaum Family Philanthropy for supporting our Business+Impact initiative and +Impact Studio. Their support will help us create new and innovative opportunities for our students who aspire to build a better world through business.” He continued, “This generous gift will enable students and faculty to partner directly with the business community to be catalysts for positive impact at Ross and beyond.”
Click here to read the full announcement about the Applebaum Family Business+Impact (B+I) Experiences and Innovation Program.