Elevating Babson's Future

ELEVATING BABSON’S FUTURE

GOALS EXCEEDED, IMPACT DELIVERED

In 2019, Babson announced the most ambitious campaign in our history. Originally conceived to honor and celebrate the College’s centennial, a goal of $300 million was set to make a lasting impact on the people, programs, and physical campus of our institution. The objective remained constant throughout—to invest in the College’s vision for the future, and to create positive impact across our campus and community.

Thanks to the commitment and generosity of alumni and friends like you, we surpassed our initial $300 million goal and went on to achieve a milestone of $500 million. However, it would be an oversimplification to focus only on the dollar amount. What makes the campaign a success is everything it has enabled—the students who have access to a Babson education regardless of socioeconomic background, the resources available to faculty, the facilities built, the new and expanded academic and co-curricular programs, and more. We can already see this impact throughout campus, and more progress will continue in the years to come.

Your support has sent a powerful message to our community—Babson is a place where meaningful work happens, and a place with a future worth investing in. Thank you for your generosity, and for setting us on a road to greatness in the College’s second century.

Edward Chiu

GOVERNOR CRAIG R. BENSON ENDOWED SENIOR VICE PRESIDENT FOR ADVANCEMENT

THE POWER OF THE BABSON COMMUNITY

Since I arrived at Babson as President in 2019, it has been inspiring to see the dedication and enthusiasm of our alumni and supporters—and the tremendous progress they have made possible.

The Centennial Campaign has both strengthened Babson’s financial position and allowed us to invest in new opportunities. Our vision is to go beyond simply maintaining our rankings as the No. 1 college for entrepreneurship and the No. 10 best college overall in the U.S. The challenges of today’s world require new levels of entrepreneurial leadership, and the College is in an ideal position to lead that growing field. Especially when we look at the Arthur M. Blank School for Entrepreneurial Leadership, and the centers and institutes within it that have been strengthened by the campaign, we are ready for new levels of global impact.

It is no secret that this has been an uncertain time in higher education, so it is particularly meaningful that our College is not only financially stable, but stronger than ever. None of this would be possible without the Babson community—our dynamic faculty, staff, learners, and alumni who elevate the College and its brand to new heights every day, and the generous donors who helped the Centennial Campaign succeed.

As we look ahead to future growth, I look forward to seeing everything this community continues to achieve.

Stephen Spinelli Jr. MBA’92, PhD PRESIDENT

YOUR IMPACT IN NUMBERS

35,896 Donors

$525,941960 Committed

$48,134,759 General Immediate Needs, Highest Priorities

$194,159,628 Students Scholarships, Student Life, Internships, Athletics

$130,389,961 Academics Curriculum Development, Centers and Institutes, Chairs and Professorships, Faculty Support

$71,689,661 Spaces Campus Improvements, Facilities

AS OF OCTOBER 5, 2023

“Babson’s next century will be marked by the investments made by so many generous gifts, which will be critical to meeting our entrepreneurial vision.”

The Honorable Craig R. Benson ’77 H’03

INVESTING IN STUDENTS

At our core, everything we do is centered around our students. It is the guiding principle in all our decision-making.

CO-CURRICULAR ACTIVITIES

Our priority is to enroll innovative, ambitious learners who want to make a difference— regardless of their financial means. Thanks to support for our financial aid program, we are meeting the needs of aspiring entrepreneurs from around the world.

131 new scholarships established

2,037 scholarship recipients

OVER $1 MILLION awarded in temporary hardship funds during the Covid-19 pandemic

SCHOLARSHIPS

ACADEMIC PROGRAMS

ATHLETICS

STUDY ABROAD

“This scholarship has helped further my education by giving me the motivation to one day also be able to do the same for another Babson student, when I become an alumnus. It reminds me to always put my best foot forward in both academics and extracurriculars.”

Michelle Ren ’23, Brooklyn, NY (THE ALLAN S. WOLFE ENDOWED SCHOLARSHIP)

“As a first-generation college student, this scholarship has made such a huge impact on my family. Being able to attend Babson College is going to open so many opportunities for me, and for my family’s future.”

Stephanie Monroy ’25, Miami, FL (ARTHUR M. BLANK NEED BASED SCHOLARSHIP)

“Every year when I return to Babson, I am reminded of the reason it is possible for me to have access to amazing resources and opportunities and a community full of interesting and inspiring people. The AMBSEL scholarship has made these things possible, and I will always be grateful for this. I am incredibly proud to be an AMBSEL scholar and to work with the other amazing and bright students in the program as well.”

Shruti Jain ’24, Hayward, CA (ARTHUR M. BLANK LEADERSHIP SCHOLAR)

“This once-in-a-lifetime experience will provide me with resources to give back to my community and become the leader and global citizen this day and age needs. I would not have been able to make the connections and gather the knowledge I have so far without being given this opportunity.”

Christina Turliuc-Lacroux ’26, Isai, Romania (ENDOWED GLOBAL SCHOLARS FUND)

“Our academic quality is improved and our mental health is improved when we are not constantly thinking about how to pay for our tuition. Being that we came to school to study, grow, and prosper in the world of learning, having you as a donor will allow us to achieve great things throughout our time here at Babson.”

Ta’Leigah Johnson ’26, Dallas, TX (ARTHUR M. BLANK NEED BASED SCHOLARSHIP)

“Not only do I want to learn how to expand a franchise, but I would also like to learn how to start a new franchise, especially in developing countries such as my own, Panama. The work of the Tariq Farid Franchise Institute combines both my entrepreneurial pursuit and my duty to continue the family business. I am extremely interested in the courses offered because they focus on case studies, which I believe is the best way to learn (learning from others). This award will help me make this dream more feasible.”

Reina Yohoros 24, Panama, Panama (FYZICAL FRANCHISE SCHOLAR)

“I have learned so much about myself through the opportunities and relationships Babson has provided. Furthermore, I am well-prepared to begin a career in finance as a result of the skilled and dedicated faculty members and strong alumni network. You helped make every opportunity at Babson so impactful in my journey.”

Brooke Skulski ’23, Walpole, MA (THE MYRON ’60 AND NANCY COHN ENDOWED SCHOLARSHIP)

“When I originally wanted to go to Babson everyone told me that it was too expensive, and they were right. There were definitely cheaper options for education. But scholarships have allowed me to go to the school where I am confident in the education I am receiving and not have to worry so much about finances.”

Benjamin Wildman ’24, Rochester, NY (WILLIAM F. JOHNSTON FAMILY SCHOLARSHIP FUND)

“I have been determined to succeed and change the world, and I will stop at nothing to ensure I do. The leadership fund making Babson affordable enough for me to be able to attend has been absolutely instrumental in this journey, and I cannot thank you enough for your contribution.”

Thomas Croissant ’23, Chicago, IL (THE PERRY ’87 LEADERSHIP FUND)

“Receiving a Global Scholarship helped me to pursue my dreams. I stopped worrying about the future and started growing into an impactful entrepreneur. Now I am alleviating poverty at the community level.”

Emmanuel Nsanganwa ’24, Kigali, Rwanda (THE GLOBAL SCHOLARS PROGRAM)

INVESTING IN FACULTY

It would not be possible for Babson to innovate or offer a dynamic educational experience without retaining a talented faculty. Campaign donors have created 19 new chair positions, both endowed and term, to invest in their respective fields of study and ensure that they have the resources to thrive.

• Offering both financial resources and increased flexibility with teaching load reductions.

• Supporting groundbreaking research.

• Allowing educators more time to dedicate to the classes they do teach – providing learners with the mentorship, knowledge, and skills they need for successful, impactful careers.

“The appointment to term chair means a great deal to me on several fronts. First, this term chair helps me to develop scholarship in the area of innovation management that helps Babson to lead in this critical area for managers. Second, it is wonderful to hold a named chair that acknowledges the commitment alumni have shown for our continued growth and success. And third, the named chair reflects how alumni who have been involved in such innovative efforts support faculty research that can translate to further insights for managers.”

Victor P. Seidel PROFESSOR AND METROPOULOS TERM CHAIR IN INNOVATION MANAGEMENT

“As an academic, you often worry if what you are doing is making a difference or impact. When someone invests in you through a term chair, it signals that they believe in you and your research. That kind of support and encouragement is truly unbelievable. I am extremely grateful.”

Lauren Beitelspacher ASSOCIATE PROFESSOR, DIVISION CHAIR, KEN AND NANCY MAJOR ROMANZI TERM CHAIR IN MARKETING

“Your support has helped me promote Babson’s name around the globe to important industry and academic decision-makers, and helped me connect with alumni and future Babson students. I cannot tell you how helpful the flexibility and research support have been in making all of this happen.”

Michael A. Goldstein

PROFESSOR

OF FINANCE,

DONALD P BABSON CHAIR OF APPLIED INVESTMENTS

“I have completed another fulfilling and impactful year as an academic, writer, activist, and entrepreneur—and my ability to wear such an array of hats is due in large part to your support.”

Elizabeth Swanson

PROFESSOR OF ARTS AND HUMANITIES, JOYCE H’22 AND ANDY MANDELL ’61 ENDOWED PROFESSOR

“I am most grateful for Mr. DiCamillo’s commitment to what is Babson’s hallmark: the impact people like me can have on learning—learning for current students, learning for the community at large, learning for those who already may have graduated but must continue to learn, and learning for generations to come. Furthermore, learning that is not just theoretical but practical and relevant today as well as for a very uncertain world of tomorrow.”

Anirudh Dhebar

PROFESSOR OF MARKETING, GARY DICAMILLO TERM CHAIR

“This award is an honor, not merely because of the financial benefits that accompany it. Rather, the award acknowledges that my mission as an educator can thrive, as I reach into communities both within the USA and worldwide on my goal to seek a better future for those who may not otherwise have the resources to attain their potential.”

Victoria L. Crittenden

PROFESSOR OF MARKETING, PETER M. BLACK ENDOWED FACULTY SCHOLAR

“The support provided by the Weissman chair contributes enormously by allowing me to travel to conferences, support student research, and say ‘Yes!’ whenever I’m asked to contribute.”

Rick Cleary

ROBERT E. WEISSMAN AND JANET WEISSMAN PROFESSOR OF BUSINESS ANALYTICS

BUILDING FOR OUR SECOND CENTURY

The completion of major capital projects dramatically altered Babson’s look, while enhancing the student experience and maintaining a warm and welcoming community.

BABSON COMMONS

Babson Commons is more than an entranceway to Horn Library. Featuring the light-filled, four-season Sorenson Atrium, it also includes improved and expanded study areas and a café, providing collaborative work areas and an informal gathering space. It is also the new home for the Stephen D. Cutler Center for Investments and Finance. One of the crossroads of our campus, it offers gathering spaces and opportunities for the community to be together.

KERRY MURPHY HEALEY PARK

Named in honor of Babson’s 13th president, Kerry Healey. Globe relocation funded by Robert E. Weissman ’64 H’94 P’87 MP’90 G’19* and Janet Weissman P’87 MP’90 G’19, and park endowed thanks to over 100 supporters

Located in the heart of campus along College Drive, the park serves as the new home of the relocated and refurbished Babson World Globe, an iconic symbol of the College’s campus for more than 60 years. Campus visitors can come to the park and get a sense of the institution’s story and international reach.

LEN GREEN RECREATION AND ATHLETICS COMPLEX

Opened in 2019, renamed thanks to faculty member Len Green in 2022

The Babson experience is not just about being in the classroom. Health, wellness, and recreation are equally important, and the Len Green Recreation and Athletics Complex provides a multitude of ways for our community to participate in these activities. This building is an investment in the health and well-being of our student body and campus community.

WEISSMAN FOUNDRY

Named in honor of Robert* and Janet Weissman for their extaordinary leadership of this College.

The Weissman Foundry is an entrepreneurial think tank where students can harness their creativity and bring their ideas to life. Boasting areas for project work, large and small, this creative space provides access to fabrication equipment, traditional tools, robotics, and sought-after connections to expertise and training. All of these resources allow students to create, collaborate, and take risks.

NEXT MILESTONE:

HERRING FAMILY ENTREPRENEURIAL LEADERSHIP VILLAGE

Named in 2022 thanks to Bruce and Patricia Herring ’87, P’19 and family

The HELV’s programming trains people in the entrepreneurial leadership skills needed to be successful in any business. Construction began in 2023 to enhance its physical presence, creating a space where we can bring together students, faculty, staff, partners, and new stakeholders for educational experimentation and unique living and learning experiences.

ELEVATING OUR MISSION

THE ARTHUR M. BLANK SCHOOL FOR ENTREPRENEURIAL LEADERSHIP

In 2019, Arthur M. Blank ’63, H’98 and the Arthur M. Blank Family Foundation made a grant that will continue to elevate entrepreneurship education for decades to come. With the creation of AMBSEL, Babson is positioning itself to become the global leader in entrepreneurial leadership—training and empowering learners to address the challenges of our time and create positive impact worldwide.

“I think the more we invest, the more opportunities we create for these young folks to really be creative in either starting their own businesses, investing in their businesses, investing in social work, investing in starting nonprofits, whatever it may be. These minds will make a difference in the world going forward. To have an opportunity to give young folks a chance to do that is unique and special.”

Arthur M. Blank ’63, H’98

Six award-winning centers and institutes at Babson are now incorporated within AMBSEL to facilitate broader access to their resources and activities. Some are new, while others have grown and evolved during the campaign—all thanks to contributed support.

ARTHUR M. BLANK CENTER FOR ENTREPRENEURSHIP

The hub for entrepreneurial programs and support, the Blank Center offers advising and networking opportunities for students and alumni developing startups—from launch to acceleration.

• Over $4 million has been awarded in prize money to B.E.T.A. Challenge participants to support innovative new ventures.

• About 15 student teams per year have participated in the Summer Venture Program, for an intensive immersion into the practical realities of running a startup.

BERTARELLI INSTITUTE FOR FAMILY ENTREPRENEURSHIP

Endowed in 2022 by Ernesto Bertarelli ’89

Serving the more than 50 percent of students who come to Babson from family businesses worldwide, the BIFE has expanded its role in helping these learners realize their own strengths within their families’ entrepreneurial legacy.

• We have established the Babson Global Family Entrepreneurship network, with the partnership of 19 Founding Families to create a global community that educates and empowers entrepreneurial families to create value together.

• Our annual Networking by Industry event has become a signature program every year, bringing together global family entrepreneurial leaders and Babson community members to help attendees build connections in specific industries, from agribusiness to construction, franchising to fashion, and more.

FRANK & EILEEN™ CENTER FOR WOMEN’S ENTREPRENEURIAL LEADERSHIP

Rebranded in 2023 thanks to Frank & EileenTM founder Audrey McLoghlin

The first-ever center focused on women entrepreneurial leaders at a business school, F&E CWEL is one of the most visible and important ways Babson supports women, with business acceleration resources, global research, mentorship, and training to empower the female leaders of tomorrow.

• We have established the first entrepreneurial leadership program designed for Women of Color at a four-year institution, the Black Women’s Entrepreneurial Leadership Program (BWEL).

• We have expanded the Women Innovating Now (WIN) Lab™, a first-of-its-kind venture accelerator program for women entrepreneurs to launch successful businesses and create economic and social impact. In the past two years, we have taken the original concept and grown it further by creating customized accelerators and programs for a variety of groups.

INSTITUTE FOR SOCIAL INNOVATION

The Institute gives learners the handson experience they need to become changemakers and positive disruptors— fulfilling Babson’s entrepreneurial principles of creating social, economic, and environmental value simultaneously.

• 200 social sector leaders representing 108 nonprofits have received Entrepreneurial Leadership in the Social Sector certification.

• 53 students have received paid fellowships from the Social Innovation Inventureship program since its establishment in 2016.

KERRY MURPHY HEALEY CENTER FOR HEALTH INNOVATION AND ENTREPRENEURSHIP

Established in 2019 thanks to the Stephen C. and Carmella R. Kletjian Foundation

The KMH Center brings entrepreneurial leadership to the health sector, utilizing research, experiential learning, and advanced education to promote its mission of creating health, economic, and social value for all.

• The Global Health Innovation Lab program has expanded to partner with institutions in both Rwanda and Brazil, offering students vital firsthand experience in the global health sector. Philanthropy not only supports program costs, but has enabled grants to cover travel and fees for students who could not afford to participate otherwise.

• Funded by a grant from the National Institute on Drug Abuse (Babson’s first-ever NIH grant), the KMH Center hosted a workshop in summer 2023 focused on accelerating the commercialization of innovative solutions for substance use disorders.

TARIQ FARID FRANCHISE INSTITUTE

Established in 2021 thanks to Tariq Farid P’15

Recognizing that few other institutions offer franchise education, despite its enormous presence in the American business sector, Babson is building expertise in the field and empowering learners with a deeper understanding of the opportunities it creates for entrepreneurs worldwide.

• Eight Fyzical Therapy and Balance Franchise Scholarships were awarded to the inaugural recipients in 2022 – 2023.

• A Faculty Research Fund has been established, awarding $40,000 total to two faculty members in its inaugural year.

INVESTING IN BABSON’S SUCCESS

As we celebrate everything the Centennial Campaign has made possible, the impact on Babson’s operating budget cannot be understated.

Support for general operations has elevated every aspect of the College, from student and faculty experience to the behind-the-scenes management that keeps our facilities and programs running effectively. It has been especially meaningful when the Covid-19 pandemic and enrollment challenges have strained many college and university budgets in recent years, forcing spending cuts and difficult decisions about their futures.

Today, Babson is fortunate to be in a position where we can invest in the College—elevating our global impact and generating a strong return on investment for students and alumni.

BABSON’S OPERATING BUDGET SUPPORTS:

SCHOLARSHIPS

FELLOWSHIPS

RESEARCH

FACULTY

MENTORSHIP

EQUIPMENT TECHNOLOGY

DAILY CAMPUS OPERATIONS AND MORE

THE CAMPAIGN FOR THE SECOND CENTURY

ONE BABSON: ENTREPRENEURIAL LEADERS, IMPACTING COMMUNITIES EVERYWHERE

Our past success is now inspiring our aspirations for the future. Babson ELevates, the Campaign for the Second Century, expands upon the strong foundation we have already established to empower new generations of Entrepreneurial Leaders.

As the No. 1 college for entrepreneurship education, Babson is uniquely positioned to thrive in a changing world. We strive for new levels of greatness through educating Entrepreneurial Leaders— individuals, businesses, and communities with the mindset and skills needed to take action, build positive relationships, solve problems, and create social and economic value globally.

To achieve our goals, we must build on our current momentum. The Centennial Campaign has raised $500 million and laid a strong groundwork. By raising our sights to $750 million, Babson aims to cement our position as THE global leader in the field of Entrepreneurial Leadership.

The additional $250 million from Babson ELevates will allow us to strengthen our studentcentered approach to entrepreneurship education and continue to adapt it to the needs of our everchanging world. Through these resources, we can deliver a first-rate return on investment for our learners to thrive.

KEY INITIATIVES:

• Extend our footprint in Entrepreneurial Leadership

• Launch our position in Technology Entrepreneurship

• Embrace Lifelong Learning in our community

• Expand the Herring Family Entrepreneurial Leadership Village and Collaborative Workspace

It is a defining value at Babson that entrepreneurship is the most powerful driver of positive change. With that in mind, our blueprint for greatness starts with Entrepreneurial Leadership as we embrace new opportunities to create global impact. With Babson ELevates, we continue to chart a bold course forward in our second century.

Office

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