Development Office Sets New Goals
Jodi Glickman '02
Issue date: 10/5/00 Section: Johnson News
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What percentage of your MBA education is funded through tuition? If you're like the majority of students here at JGSM, you probably don't know. The Johnson School's income comes from many venues, and while tuition plays an important role, it is by no means the only contributor. In fact, tuition and fees cover only 67% of Johnson School revenues. An additional 18% comes from investment income and 12% comes from gifts (the remaining 3% is cited as miscellaneous).
How do all of these gifts and investments reach the school? Through the Development Office and its newly appointed Executive Director, Rosalyn Hines. The Development Office's mission is to provide the Dean with the financial resources required to maintain and enhance the school's position as one of the world's leading graduate management programs.
On a very basic level, the Development Office establishes relationships with alumni and foundations, solicits donations, and maintains ongoing relationships with potential and actual donors. This process results in between $5 and $10 million annually in cash, securities, and in-kind gifts. In combination with gifts from corporate donors, these funds support initiatives such as the Parker Center, immersion courses, scholarships, and projects like the $38 million renovation of Sage Hall.
Rosalyn Hines, Executive Director
Rosalyn Hines, the new Executive Director, comes on board to JGSM at a very exciting time. The Development Office has seen great success in the recent past, such as a $200,000 grant from Intel for technology upgrades and a $160,000 gift from Citigroup for minority student support. Nonetheless, multiple challenges still face the office, not the least of which is the changing world of business. Increasingly, the Development Office is trying to capitalize on the growing emphasis of e-commerce, globalization, and leadership. Hines states, "Everything has a price tag. When your goal is to be the best in those areas, you need cutting edge technology, you need to recruit and retain the best faculty, and you need to determine the funding associated with those priorities."
How do all of these gifts and investments reach the school? Through the Development Office and its newly appointed Executive Director, Rosalyn Hines. The Development Office's mission is to provide the Dean with the financial resources required to maintain and enhance the school's position as one of the world's leading graduate management programs.
On a very basic level, the Development Office establishes relationships with alumni and foundations, solicits donations, and maintains ongoing relationships with potential and actual donors. This process results in between $5 and $10 million annually in cash, securities, and in-kind gifts. In combination with gifts from corporate donors, these funds support initiatives such as the Parker Center, immersion courses, scholarships, and projects like the $38 million renovation of Sage Hall.
Rosalyn Hines, Executive Director
Rosalyn Hines, the new Executive Director, comes on board to JGSM at a very exciting time. The Development Office has seen great success in the recent past, such as a $200,000 grant from Intel for technology upgrades and a $160,000 gift from Citigroup for minority student support. Nonetheless, multiple challenges still face the office, not the least of which is the changing world of business. Increasingly, the Development Office is trying to capitalize on the growing emphasis of e-commerce, globalization, and leadership. Hines states, "Everything has a price tag. When your goal is to be the best in those areas, you need cutting edge technology, you need to recruit and retain the best faculty, and you need to determine the funding associated with those priorities."