Annual Report 2021 - Fundação Estudar by Fundação Estudar

PRESENT

2021 Good People who act big to transform Brazil

2 • Annual Report – 2021

Summay 04

OPENING MESSAGE

TRANSFORMATIONS GENERATING TRANSFORMATIONS

GOOD PEOPLE WHO TRANSFORM BRAZIL

MEET THE NEW GENERATION OF ESTUDAR LEADERS

GOOD PEOPLE THROUGHOUT THE WORLD

INFORMING AND DEVELOPING GOOD PEOPLE IN SCALE

FINANCIAL SUSTAINABILITY

DONORS, PARTNERS AND SCHOLARS

MESSAGE FROM THE BOARD

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1. OPENING MESSAGE

We need to reverberate

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THE THREE DECADES THROUGH WHICH FUNDAÇÃO ESTUDAR HAS BEEN CONSTRUCTED GENERATED A SOLID AND RELEVANT ORGANIZATION FOR BRAZIL.

WE SUPPORTED 760 ESTUDAR LEADERS, so their potential was transformed into high impact. Today, many occupy relevant positions, and share the responsibility and giveback notion of taking our values further. We have supported over a thousand young people in their efforts to study abroad, and today our network represents 25% of Brazilians who study in the 40 best universities in the United States. Through information, guidance, and more inspirational examples, Brazil went up in the rank of countries that send more students abroad. We inspired 60 million and sparked the leadership potential of 80 thousand young people, who became more confident to dream bigger and change their realities. Driven by the ambition to maintain and increase our relevance, we created new programs to support talents in technology, advanced the programs’ digital experience, transformed high-end leaders into online course professors and achieved a historic result in the scholarship program selection. In the last 10 years, we exponentially increased our reach and impact, and diversified our financing sources to build a more sustainable and lasting Fundação Estudar. An organization that only achieved all these results because it has good people, many good people, who believe and are willing to work for a great dream. The legacy Estudar has already left in Brazil is great.

Reaching 30 years is rare – less than 5% of Brazilian organizations get there. Our history makes us proud, but it also brings with it more power, which should be used in a positive way, and responsibly to contribute to our surroundings. Leaders who are able to move forward with this history must have: • strength, as the lasting existence of the organization is a consequence of daily efforts; • humbleness, to recognize the limits of our impact and that it is still possible to do more and do better; • consciousness, to remember that it does not matter how successful one is, there are still many people suffering around us; • responsibility, as Brazil needs many more leaders who are competent, committed and have integrity. For the next 30 years, we need to keep evolving to become better leaders and, above all, better agents of change, because the future depends on what our generation is building today. May our transformations generate even more transformations.

ANAMAÍRA SPAGGIARI Fundação Estudar’s Executive Director

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2. 30 YEARS OF FUNDAÇÃO ESTUDAR

Transformations generating Transformations

CELEBRATE THE PAST AND PLAN THE FUTURE. THE CELEBRATIONS FOR THE 30TH ANNIVERSARY OF FUNDAÇÃO ESTUDAR WERE BASED ON THESE TWO MAIN OBJECTIVES.

LOOKING BACK AT THE HISTORY we created and the numbers we achieved, our legacy is evident.

people to be successful, we are also aware of what they need to learn. Thus, we can create study and career programs at scale”, adds Anamaíra.

“Fundação Estudar has transformed people – and they acted big and inspired many others to also make a difference. This created a network effect that goes way beyond what we can imagine or even measure. This is what we are calling transformations generating transformations”, comments Anamaíra Spaggiari, Executive Director.

This same trajectory also brings the responsibility to increase our relevance in the future. And it is thinking about the expansion of this impact in a country of continental dimensions with so many challenges and in a world in constant change that we need to be evolving and updating ourselves.

The threads that appear in the visual identity of these thirty years refer exactly to the ability to reverberate our impact, empowering some; and from some of those to many others, and then, to many others more. The use of the color purple represents the strength of all our initiatives, collaborating among themselves to help us in the mission that originated Fundação Estudar. While in the first two decades the development opportunities were limited to the scholarships and the Leaders’ Community, the last decade was marked by the growth of information programs about study, career, and leadership development that encourage thousands of young Brazilians to go further. “An important milestone of this transition was the change of the Fellowship Program selection criteria into an Education methodology. If we know how to evaluate critical factors for talented

One drive remains the same: the search for talents who are capable of leading relevant transformations – conscious that in the face of a volatile, uncertain, and complex world, one should be in constant development and personal evolution. Our role is to inspire, guide and encourage, so more and more, these young people may pursue a path of high impact, dream big, want to leave a legacy and execute, acting based on knowledge. So they may be righteous protagonists. At the 30th anniversary event, we conceived a robust agenda so our leaders could engage in becoming even better and more prepared for the upcoming challenging decades. With this in mind, the celebrations for the 30th anniversary of Fundação Estudar were based on four pillars: Legacy, Vision of the future, Education and Action.

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I. LEGACY

Reinforce the mission and values that built the past and are essential for the future During these 30 years, we built a solid and impactful history, with 760 leaders occupying relevant positions in private and public organizations in Brazil and in the world, in various sectors, and driving important transformations. After over a decade, Beto Sicupira, Jorge Paulo Lemann and Marcel Telles meet to celebrate Fundação Estudar’s 30th anniversary. The protagonist trio in the construction of Fundação Estudar has been relevant throughout our history. To make Estudar enduring, they now encourage the leadership of the talents they supported. Knowing that, from the beginning, our founders are driven to understand (in order to boost) what makes a bright young person generate concrete changes, at this moment of the event, they not only answer the questions from the scholars, but also interview these rising leaders. They are 4 young Leaders representing the community in their area of occupation, in science, technology, politics, the financial market and entrepreneurship: Giovani Rocha, Estudar Leader

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2018; Pedro Franceschi, Estudar Leader 2014; Tábata Amaral, Estudar Leader 2013; and Tatiana Rezende, Estudar Leader 2007. This is a conversation about how to look at the world in front of us with knowledge and new perspectives. In the 90’s, one of these outstanding young people was Carlos Brito. Considered to be the “Scholar Number 0”, today he is an endowment donor and has a fellowship to support and mentor Estudar Leaders. Brito shares how his leadership evolved over the past 30 years and what he thinks about the relationship between business, government, and society in today’s world. Knowing that our values are applicable to all and any area of occupation, let’s get closer to great examples from the Brazilian Olympic sports: Formiga, the only player who participated in 7 editions of the Games; Mayra Aguiar, three-time Olympic medalist; and Fernanda Garay, gold medalist in London and silver medal in Tokyo.

Beto Sicupira, Jorge Paulo Lemann AND Marcel Telles

Giovani Rocha

Formiga

Pedro Franceschi

Mayra Aguiar

Carlos Brito

Tabata Amaral

Tatiana Rezende

Fernanda Garay

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II. VISION OF THE FUTURE

Broadening the perspective towards the world is the best path Leaders who actually generate transformation have a broad view and up to date knowledge about the future. Only then can they look to the future with a drive that is fitting to the context in order to create powerful solutions that contribute to the development of Brazil and the world. Since the beginning of Fundação Estudar, our founders stated that one of the benefits of studying abroad at the best North American universities is that we have the chance to experience the future in a country which is more developed than Brazil, and that this experience opens up our vision and possibilities. Much can be replicated and adapted here from what has already been created there. Our community knows and lives the North American culture to a great extent, either because most have studied at the best universities, which today are still concentrated in the United States, or because the world as a whole is geared by the greatest power. Now, we believe it is necessary to be open and understand what China is building. For this reason, Ricardo Geromel, a 3G Radar’s partner-investor and author of the book “O Poder da China” (The Power of

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China) is going to lecture about how the country has risen from poverty and is on its way to become a world power in just 40 years, starting from a strong entrepreneurial ecosystem.

Ricardo Geromel

Uri Levine

Nitin Nohria

Cláudio Fernández-Aráoz

Since entrepreneurship is one of the big engines for the creation of more prosperous societies, we will have Uri Levine, an Israeli entrepreneur and co-founder of Waze. He details how he created one of the most downloaded apps in the world, focused on solving a problem instead of being passionate about the solution. Furthermore, he brings his view on Brazil’s entrepreneurship and a comparison with the scenario in Israel. Besides entrepreneurship, competent, righteous leaders from different sectors are necessary. However, what type of leadership is needed for this future? Two renowned professors from the Harvard Business School, Nitin Nohria, who is also a former Dean of the Institution, and Cláudio Fernándes-Aráoz, partner of Egon Zehnder and rated by Bloomberg as one of the most influential talent consultants in the world, will share their insights on maximizing talent after having contributed to the formation of thousands of global executives.

HOW WILL THE WORLD BE IN 2051, 30 YEARS FROM NOW? Aligned to our development goals, to educate and build a vision for the future, a group of Leaders, staff, and Board chose critical themes for Masterclasses that take place throughout the year. They are: Health, Leadership, Technology, Environment, and Democracy. All of these have a direct impact on what we aim to build for the future and are integral for all and any TRANSFORMATIONAL LEADER.

We invited Estudar Leaders to imagine the future of these critical areas, which need important transformations in the next 30 years. From these debates full of insights, four different artists illustrated the engravings that are attached to the 2020/2021 Annual Report. We thank the Estudar Leaders and the artists who contributed to transform the vision of the future of such relevant areas for society into art.

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1. DEMOCRACY Zansky Leaders who participated in the debate: Claudia Vergueiro Massei, Leader 2010 // Alfredo Sandes Sampaio, Leader 2008 // Ana Paula Pellegrino, Leader 2019 // Michael Cerqueira de Oliveira, Leader 2021 // Eduardo Vasconcelos Goyanna Filho, Leader 2021 // Ana Luísa Moura de Souza, Leader 2021 // Caio César Vieira Machado, Leader 2021

2. HEALTH Camila Gray Leaders who participated in the debate: Fabio Futoshi Katayama, Leader 2008 // Mario Minor Murakami Junior, Leader 2019 // Vinicius Gaby Vieira Rego, Leader 2016 // Miriã Ferreira da Silva, Leader 2021 // Lysandra Golhath Knopp Alves, Leader 2013

3. CLIMATE CHANGE Marcel Lisboa Leaders who participated in the debate: Fabio Luiz Guido, Leader 2008 // Emmanuel Gantois Longa Filho, Leader 2016 // Ricardo Silva Buarque, Leader 2018

4. TECHNOLOGY Davi Augusto Leaders who participated in the debate: Samuel de Souza Carvalho, Leader 2007 // Raul Gallo Dagir, Leader 2017 // Felipe Bomfim Pinheiro de Meneses, Leader 2018 // Fernanda Ferreira Bastos Buhatem, Leader 2006 // Gabriela Dias de Souza, Leader 2021 // Leonardo Moutinho Caffarello, Leader 2021

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III. EDUCATION

To go deeper with cutting-edge knowledge in order to evolve as leaders After broadening our vision for the future, it is necessary to study these critical subjects deeply. Due to their complex nature, these future challenges require us to make more innovative models of approach and solutions, different from what we have been using thus far. For that, we need to access the best that is available in research. In order to have top-knotch knowledge, we invited prominent professors from the best universities in the world, who prepared interactive classes, using the case study method, for a class of Estudar Leaders, Tech Fellows, Prep Scholars, donors, partners, advisers, and team. If we already feel privileged when we are in the classrooms of leading universities, with access to the professors who are authors of many of the books we read and in interesting debates, we believe that a class formed by Brazilian talents from our network promises high quality debates.

HEALTH During the Covid-19 pandemic, it became very clear that health should not be a concern only for scientists or doctors. Building from knowledge based on reliable sources, we need to talk about what we have learned in dealing with the COVID-19 pandemic, understand how the record in vaccine production happened, and the interaction of governments, academia and the private sector to make it happen. With science being increasingly more valued, we hope to deal better with the next health crisis, improving the way we manage the consequences and the imbalances diseases can cause in vulnerable populations, in the economy and in education.

MASTER CLASSES

LEADERSHIP AND ENTREPRENEURSHIP Do you consider yourself a bright mind? And do you consider yourself a changemaker? What have you changed up to now? More than leading, it is necessary to transform. And transforming goes through entrepreneurship. Whether it is starting a business or leading public policy, the principles of systemic thinking may help you better outline your impact. Before intervening in order to solve a problem or jumping on an opportunity, you need to understand the system, diagnose its causes and consequences. When we systematically visualize a problem, the necessary changes become clearer, as well as its depth and scope, in the micro and macro spheres. And only then comes the moment to draw up a solution. It is only possible to make real change if you outline the impact that you want to have and its contribution to the entire system.

TECHNOLOGY

DEMOCRACY

ENVIRONMENT

The world is on a rapid evolution, partly due to the development of advanced technologies such as artificial intelligence, machine learning, data science, augmented reality, automation and robotics. Their strategic uses put companies and governments in leadership positions. And, regardless of the area of work, encouraging technological initiatives and talents will be, besides essential, a great opportunity to exponentially develop the Brazilian labor market.

Public participation and responsible reforms are some of the pillars for the evolution of Democracy. However, the types of democracy are varied, with different consequences and benefits and, when discussing this subject, theory and practice are not always the same.

In the next 30 years, how will the world be for us, for our children and for our children’s children? What do we need to do as individuals, public and private leaders, to build a more sustainable world? Which economic models are already available and that we will need in order to generate this balance?

With a high impact on society, ethical discussions also arise, which question the unfolding of technology and its limits. These issues already bring up questions and controversy today in the future, this will be even stronger – we must seek knowledge to answer such questions and deal with these trade-offs.

Governments which are more transparent, fair, and effective make up better societies. Thus, it is necessary to discuss policies, practices and institutional designs that strengthen and deepen the quality of democratic governance. However, it is important to remember that this democracy is only complete when citizens and leaders learn to apply democratic practices in an effective way in their political and social lives.

More and more, the many decisions we will need to make as leaders of the future will go through the consideration of the trade-offs between sustainability and economic growth. We need to reflect and understand the potential impact and influence the Environmental, Social and Governance (ESG) concept may have in business from now on, and the ways in which the basic structure of an industry and companies’ relations with government and consumers shape the possibilities to conciliate sustainability and profit.

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Learn more about the professors of the Master Classes

From the discovery of infectious diseases to immunization: lessons from the past, COVID and the risk of new epidemics SUE ANN CLEMENS Brazilian chief researcher who led the Oxford Vaccine studies in Brazil and senior consultant in the Gates Foundation.

JAY BHATTACHARYA

MÁRCIA CASTRO

Director of the Center for Demography and Economics of Health and Aging at Stanford University. Dr. Bhattacharya’s research focuses on the health and well-being of vulnerable populations, with particular emphasis on the roles of governmental programs, biomedical innovations, and the economy. Recently, he researched the epidemiology of COVID-19, as well as an assessment of the political responses to the epidemic.

Demographer, professor at the School of Public Health and chief of the Global Health and Population department at Harvard University.

Transformational Leadership

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Climate change

BRIAN TRELSTAD

FOREST REINHARDT

Harvard Business School professor, partner and adviser at Bridges Fund Management, an investment fund which raised and invested USD 1 billion in sustainable and impactful assets. He is also Impact Capital Managers’ co-president, a network of more than 60 impact investors in the United States.

Chief of the Business, Government and International Economics Unit at Harvard Business School. President of the faculty at Harvard Business School’s Asia-Pacific Research Center and HBS Executive Education Asia-Pacific Region.

Technology FLÁVIO CALMON Assistant Professor of Electrical Engineering at Harvard’s John A. Paulson School of Engineering and Applied Sciences, PhD in Electrical Engineering and Computer Science from MIT, and Amazon Research Award winner in 2020 for his research on the building processes for a democratic and fair machine learning base.

JOHN HENNESSY KARIM R. LAKHANI Professor at Harvard Business School, specialist in technology management, innovation, digital transformation and artificial intelligence. He is the founder and co-director of the Laboratory for Innovation Science at Harvard and conducts research with great organizations such as NASA, Harvard Medical School, The Broad Institute, TopCoder, The Linux Foundation and many other private institutions.

Democracy

Director of Knight-Hennessy Scholars, the biggest program of 100% sponsored scholarship for graduate school in the world; President of the Alphabet Inc. Council and winner of the Turing prize (ACM A.M. Turing Prize) in 2017. He was the tenth President at Stanford University, and directed the university for 16 years.

Closure ARCHON FUNG

JULIE BATTILANA

Leads democratic governance projects at Ash Center for Democratic Governance and Innovation at Harvard Kennedy School. PhD in Political Sciences from MIT, he is also a member of the Board Advisors at Boston Review, Apple’s external consultant, author of 5 books and over 50 articles published in professional journals.

Professor at Harvard Business School and at Harvard Kennedy School, where she is the founder and director of the Social Innovation and Change Initiative. She also lectures the course Power and Influence and is the author of the book: “Power, for All: How It Really Works and Why It’s Everyone’s Business.”

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IV. ACTION

To transform potential into real power and knowledge Only execution makes transformations feasible. More than diving into the greatest challenges in Brazil and in the world in the intellectual field, it is time to be hands-on and make it happen. As better prepared leaders for the future, it is important to execute actions at the individual, organizational and institutional levels, to maximize impact.

FOR THE INDIVIDUAL We want to provoke reflection regarding one’s role as a professional, citizen and member of society, since the leader of the future needs to make the best decisions not only for oneself, but thinking in a systemic way. The goal is for you to become a protagonist in order to transform your acquired knowledge into practical actions in your daily life. Therefore, we invite you to reflect, question, provoke and, more importantly, act.

FOR THE ORGANIZATIONS AND ENTERPRISES

FOR ESTUDAR’S COMMUNITY

If the better part of our lives is dedicated to work, may we use our organizations as channels for positive transformation to happen.

Thinking about the role and the transformation potential of the Community, we created groups of Leaders separated by themes, the special groups, to encourage the discussion of relevant and complementary aspects to the master classes in the Community’s schedule.

If the times are challenging, more than ever we are called to innovate, take the projects out of paper and leverage results.

Besides the classes’ schedule with Harvard and Stanford professors, in the coming months we will have chats and discussions among the community and people who are references in the complex issues of the future.

Thus, we invite you again to reflect, question and provoke yourself, now focusing on your organization and its role in Brazil’s transformation.

Given that to generate transformation it is necessary to understand the system, our role, causes and consequences, and, in fact, build new endeavours, the special groups are also called to act and use all the acquired knowledge and human potential to make concrete changes in Health, Technology, the Environment and Democracy for the Brazil of the future. During the closure of the 30 years celebration, these groups will be able to share with the Community and Fundação Estudar the lessons they learned and their vision for the future on each of the four complex subjects.

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PODCAST LIDERA 30 YEARS SPECIAL Created in 2019 to bring inspirational content to more people and led by great specialists, Lidera already counts with over 10 thousand streams. This edition brings together panels which are part of the 30 years celebrations, with academic and market leaders.

PODCAST PROBLEMAS COMPLEXOS PARA MENTES CURIOSAS (COMPLEX PROBLEMS FOR CURIOUS MINDS)

FOR THE INSTITUTIONAL It is our responsibility, as Fundação Estudar, to guarantee that all knowledge generated from our network throughout the 30-years celebration become materials that inspire, inform and influence millions of people throughout Brazil. Democratizing and disseminating this outstanding knowledge helps form this new generation of young people. With multimedia content focused on bringing information and different perspectives to the leader of the future, we designed a series of podcasts.

To be launched towards the end of 2021, this podcast will bring deep content in narrative form about relevant issues for today’s society, which will also be discussed in classes exclusively for the Estudar Community. Its aim is to break down the challenges we face and to foster the action and transformation movement.

To instigate curiosity and the desire to learn more about reality, searching for new approaches to big problems. We want to share what the best

All content will be available in the 30th Anniversary Official Site. Access here:

professors from the best universities in the world know, as well as the view from global leaders whose eyes are with society and whose heads are with science. We believe that disseminating quality information is a fundamental part of our work.” Anna Valenzuela, Manager of Product, Technology, Communication, Educational Content and Editorial

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3. ESTUDAR LEADERS

Good People who transform Brazil

CURRENTLY, 760 PEOPLE ARE PART OF THE ESTUDAR LEADERS NETWORK – AN ENGAGED AND TRANSFORMATIONAL COMMUNITY CAPABLE OF GENERATING THE CHANGES BRAZIL NEEDS.

BE IT IN POLITICS, with scholars elected in different regions of the country with significant engagement; In the Private Sector, directing market-leading companies; In Entrepreneurship and Technology, leading startups which became unicorns or building robots that go to the moon; In Health, coordinating researches to cure cancer or working in the first artificial heart for transplant in the world; In Environment, through initiatives which contributed for the non-emission of more than 885 tons of carbon in the atmosphere; In the Third Sector, generating talents for public management or in so many other areas of work…

Fellowship Program, bringing up the level and making the process even more efficient”, explains Patrícia Aguiar, 2007 Fellow and Network and Selection Manager at Fundação Estudar.

Throughout 30 years of history, we always searched for people with trajectories above average and the potential for high impact. We learnt how to expand our presence and became more plural.

“We organized trainings with Google and Brex to understand how we could take advantage of their best practices in the selection process of new scholars. We had insights that brought essential changes, such as a decision-making process based on more information and with more investment in deliberation”.

We became more mature to be able to understand the complex problems that the world faces (and will face) and to identify how we can contribute in a systemic way. “As an organization, we also need to be constantly evolving when it comes to searching for the most promising talents in Brazil. Thus, in the last cycle, we implemented many improvements in the recruitment and selection process for the

Among the main changes, there is the preparation of the panel so it can better evaluate the young participants from different knowledge areas and a more in-depth interview with each applicant. Patrícia highlights that in this process of continuous improvement, it was important to look outside and learn:

The result was noticeable: 34 new fellows were selected – a record number in the last 11 years! “Among them we have 12 admissions in North American Top Schools, with a greater participation of Harvard, with 6 scholars. Most of these new fellows showed interest in pursuing a career in the private sector or entrepreneurship”, says Patrícia.

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2021 Leaders Selection Process

50.867

STATE OF ORIGIN Scholars from 11 states, mainly from the Southeast region

2 Ceará

Registration

1 Amazonas

3.424 Finalists

1 Pernambuco

1 Goiás

1 Minas Gerais

1 Distrito Federal

1 Espírito Santo

15 São Paulo 1 Paraná

1.377 Video

560

Individual interview 8 interviewers

8 Rio de Janeiro 1 Santa Catarina

44,12%

55,88%

LEADERS

227

Painel with former scholars Support from 46 scholars in the selection

Reading committee

Candidates

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women

Preps (out of 50 candidates) 22%

Ismart (out of 43 candidates) 14%

UNIVERSITIES

FIELD OF WORK

with Harvard and Northwestern as mostly represented

Harvard University

19 – Abroad

Northwestern University

3 2

POLI-USP

FGV

Oxford

Georgia Tech

Entrepreneurship and private management

Harvey Mudd

Dartmouth

University of Vermont

Minerva

Swarthmore

MIT

ITA

NYU Abu Dhabi

British Columbia

University of Chicago

UFJF

Duke

Brown

Columbia

Stanford

Tsinghua

CalTech

Government and public management

3 – MBA

2 Health

Undergraduate degree

TYPE OF APPLICATION

1 – LLM

Law

1 – MPP

1 1 Graduate school

3 – Doctorate

6 – In Brazil

Academic research

1 – Master

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Community Giveback Good People searching for Good People The Leaders Community engagement in recruitment and selection of new scholars has been increasing year after year. In 2021, we reached another historical record, with approximately 20% of the network actively participating in this stage. 2 .389 DONATED HOURS 152 SCHOLARS INVOLVED

2.043h dedicated to other activities

2.451h Hours dedicated to the attraction and selection of new scholars for the Fellowship Program

632h Hours dedicated to the Interest Groups

Good People who connect through different opportunities The Interest Groups and the Work Groups are initiatives which focus on disseminating knowledge, facilitating the exchange of experiences between the Estudar Leaders and promoting discussions and concrete actions to address improvement opportunities for the Leaders Community and Fundação Estudar.

INTEREST GROUPS

Since its creation, the Interest Groups stand out due to their consistent performance, fostering content on current relevant issues in different formats, such as: lives, publications and round tables.

ENGAGEMENT BEYOND THE FELLOWSHIP PROGRAM Between July 2020 and July 2021, the active participation of the Community in other initiatives by Fundação Estudar resulted in 7, 426 hours of engagement, being:

During the pandemic, there was even an intensification of the activities, which was only possible given the growth of participation in online activities. 36 LIVE MEETINGS

223h Hours dedicated to the Work Groups 364h Hours in the facilitation of Na Prática courses

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1.276h Hours supporting Prep Estudar Fora 437h Hours mentoring teams and other scholars

27 ESTUDAR LEADERS IN THE ORGANIZATION 468 TOTAL PARTICIPATION OF ESTUDAR LEADERS

WORK GROUPS

The Work Groups arise from common demands from Estudar Leaders, who suggest and start working on top of a topic of improvement. From there, they make proposals and put into practice solutions that contribute to the development of Fundação Estudar and, consequently, of the Community itself. During the last year, we highlight the work done by the following Groups:

WORK GROUP ON RACIAL DIVERSITY The group has been actively working on implementing a more diverse selection process in the Fellowship Program, bringing a better understanding on how we attract talents from different contexts and how we make our process more fair.

ACADEMIC WORK GROUP This group mapped the academic scholar journey, outlining their leverage of success and the specific support opportunities for this career. Moreover, they have been working on the dissemination of research content and on the strengthening of the groups of academics within the community.

APPROXIMATION GROUP In 2020, this group worked to facilitate the connection between Community members through talks from Estudar Leader to Estudar Leader. There were 12 talks connecting 24 Leaders.

CONNECT YOURSELF WITH OTHER ESTUDAR LEADERS In 2021, we launched the platform that is gathering the main information of each Leader, allowing everyone to search each other and create connections in a simple and fast manner, at suitable moments. If you are part of the Community, you may access it with the QR Code beside.

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Fellows awarded 2021 CLÁUDIO ANDRADE 1993 Leader

LUIS HEITOR GONÇALVES 1994 Leader

ANA MARTINEZ 2005 Leader

VERONICA SERRA 1995 Leader

RENATO MAZZOLA 2003 Leader

DONOR LEADER OF THE YEAR AWARD

This prize goes to Leaders who stood out as Fundação Estudar’s financial supporters. Moreover, this group brings other essential contributions, giving visibility of our impact to potential donors and broadening our support network.

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RALF TOENJES 2013 Leader

LEADER OF THE YEAR AWARD

The prize recognizes the scholar who stood out during their trajectory, generating relevant changes in the past year. Nominated as one of the most promising young people from Brazil in the Forbes Under30 list, awarded as Social Entrepreneur of the Year by Folha de São Paulo and the Schwab Foundation. Recently recognized by the UN as one of the 17 young leaders for Sustainable Development, a process which counted with 7,000 applicants from 172 countries.

CAROLINA GUIMARÃES 2016 Leader

MOST ENGAGED LEADER AWARD

This prize is given to Leaders who stand out for donating time to Fundação Estudar. 116 HOURS DEDICATED TOPREP ESTUDAR FORA

For me, the Fundação Estudar Leaders network is a constant source of inspiration, support and opportunities. I’m passionate about education, thus, programs such as Prep Estudar Fora provide the perfect space to generate impact in this area, helping other youngsters go after their goals while being inspired by them to renew my own big dreams.

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4. ESTUDAR LEADERS 2021

Meet the new generation of Estudar Leaders

GRADUATE SCHOOL

Caio César Vieira Machado

29 YEAR-OLD, SOCIAL-LEGAL STUDIES - OXFORD

FROM CAMPINAS,Caio already stood out in High School, when he received the President’s Award for Educational Excellence – the most prestigious recognition in the North American education system. Even though he had the opportunity to get his undergraduate degree abroad, he chose to stay in Brazil and study Law at USP. There, he fell in love with the field of law and the internet, and decided to further his knowledge in this area. After successfully completing two masters degrees focused on the internet, Caio is now dedicating himself to a doctorate at Oxford University, promoting critical digital education and the fight against misinformation. His goal is to contribute to the awareness of Brazilian society regarding the issue and to promote the appropriation of agendas focused on the internet as a tool for national development.

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Catarina Carvalho 26 YEARS-OLD, MBA - HARVARD

SINCE SHE WAS A CHILD, Catarina, from Pernambuco, was taught to go after her goals. At 14, she decided to leave her home, alone, to conquer her dream: study at ITA. Today, she is a Mechanical-Aeronautical Engineer and has a Master’s in Applied Economics. Throughout her journey, Catarina was elected class leader during her 5 years of undergrad and founded a mentorship network for ITA’s female students. However, her mission did not end there: she wants to change the financial reality of Brazilians who are in debt, and to empower marginalized people to reach their dreams, redefining their visions of success.

Dayene de Assis Fernandes Caldeira 27 YEARS-OLD, MEDICAL SCHOOL - VERMONT

BORN IN NILÓPOLIS (RJ), Dayene decided to go into Healthcare after witnessing her grandmother having several severe asthma attacks. She applied to one of the main public universities for pulmonary diseases research in the country and was the only student admitted. She also earned a scholarship for her Master’s degree, published in international scientific journals, and dedicated herself to study more about the lungs. At her doctorate, she focused on mitochondrial transfer in severe asthma, the same condition of her grandmother, and during the pandemic she even researched treatments for pneumonia induced by SARS-CoV-2. Her plans for the future involve developing new therapies for pulmonary diseases that most often affect the public health system.

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Jean Pontes

28 YEARS-OLD, LAW – HARVARD

A STANDOUT SCHOLAR IN HIGH SCHOOL, Jean, who is from Rio de Janeiro, already showed strong leadership skills at that time, when he was elected president of the Student Council and valedictorian. He decided to study Law at UFRJ and graduated with honors due to his role as academic monitor and his dedication to research groups, besides participating in a project for supporting illegal immigrants. Passionate about law, Jean did his Master’s at UERJ and became a substitute teacher at the State Law Department, having been approved in first place in the tests and titles assessment. Now, he is dedicating himself to his Master’s degree at Harvard and, after concluding it, he intends to commit to his law office to contribute with the elaboration of projects for the democratic reform of institutions.

João Loula

25 YEAR-OLD, COGNITIVE SCIENCES AND NEUROSCIENCE - MIT

INSPIRED BY HIS GRANDFATHER, João, born in Rio de Janeiro, developed an interest in science and became the first scientist in the family. With an affinity for the exact sciences, he chose to study Electric Engineering at USP. There, he was part of the robotics team, of the synthetic biology club and he also taught algebra classes. During his undergraduate studies, he won a scholarship to study in France and graduated in computer science and applied mathematics. He also did his Master’s in France, with research internships at the Collège de France and in Harvard. João was admitted to the doctorate programs of renowned North American universities, and chose MIT to do his artificial intelligence and neuroscience research. In the future, he wants to become a professor and create an artificial intelligence research institute in Brazil.

2021 – Relatório Anual • 29

Michael Cerqueira

27 YEARS-OLD, PUBLIC POLICIES - HARVARD KENNEDY

SON OF NORTHEASTERNERS, Michael was born in São Paulo, and grew up with the idea that education is the most effective way to overcome the systemic barriers of poverty. He was admitted in four competitive college entrance exams for Economics (USP, UNICAMP, UFRJ and UNESP) and in Public Administration at FGV, with a full merit scholarship. During his undergraduate degree, he participated in programs in leadership, applied research throughout Brazil, and did an academic exchange program in London. Since 2015, when he started his career at Vetor Brasil, Michael works in the public sector promoting innovations and modernization in governmental management. In 2021, he was approved for a Master’s degree in Harvard, with a full tuition scholarship from the Jorge Paulo Lemann Fellowship. In the future, he dreams of becoming Planning Minister to lead systemic changes in people’s management in Brazil.

Rafaella Mazza 27 YEARS-OLD, MBA - HARVARD

RAFAELLA, FROM THE STATE OF SÃO PAULO, graduated as the best student in High School, winning several Math and Portuguese Olympiad medals. During undergrad, Rafaella opted to study Agricultural Engineering at USP and received many scholarships during college: for scientific initiation, monitoring and for a bioeconomic course at the Hohenheim University, in Germany. In 2015, she was hired as Trainee for Valuation & Business Modeling by EY and had the opportunity to work visiting farms to audit and evaluate biological assets from big clients of the agribusiness in Brazil, Guatemala, and Italy. Currently, she works at the North American startup Vayda Farms, developing high technology regenerative agricultural systems. Her dream is to transform Brazilian agriculture into the most sustainable one in the world.

30 • Annual Report – 2021

Samuel Veloso 30 YEARS-OLD, MBA - STANFORD

SAMUEL , FROM THE STATE OF CEARÁ, always placed his bets in education to change his reality. From an early age, he participated in many science fairs, winning more than 10 prizes, including 1st place in the Brazilian Science and Engineering Fair. During his undergraduate degree, he went to the Civil Engineering college at UFC, where he was the Junior Enterprise President of his major. Later, he was approved at Insper with a full scholarship for his studies, where he won 1st place in CFA Challenge Brazil and was a semi-finalist for the Americas. In his professional life, Samuel has reached expressive results in different areas such as HR and Sales. Currently, he is the CEO at BRTC, a uniform company that has increased its revenue 20-fold since his arrival amidst the Covid-19 pandemic. He has plans to establish a company which uses technology to solve big problems and an investment management company to help entrepreneurs grow their businesses.

Susana Sakamoto Machado 22 YEARS-OLD, GLOBAL ISSUES - TSINGHUA

SUSANA HAD HER ACADEMIC path marked by many achievements. When in High School, she won 4 awards in simulations such as the Harvard Model Congress and at 17 years of age, was selected to study at the International Relations and Politics Advanced Studies Program at Oxford University and represented Brazil at the UN. Concurrently, she dedicated herself to many social projects, such as an initiative which prepared orphans for the labor market and in the inclusion of marginalized youth at UN Assemblies. At the beginning of her undergraduate studies in International Relations at UNESP, she joined a research group and presided over the largest simulation event at the college level in São Paulo. Susana’s mission is to work to guarantee that vulnerable young people do not have their future limited by their economic condition, thus reducing the inequalities not only in Brazil but in the world.

2021 – Relatório Anual • 31

GRADUAÇÃO

Abidan Henrique da Silva 23 YEARS-OLD, ENGINEERING - USP

IN HIGH SCHOOL , Abidan was considered the best student in the class, he won a bronze medal at the Physics Olympiad and was selected for the Harvard Summer School by the Robert Wong scholarship. At the college entrance exams, he was admitted to 5 colleges: POLI, Unicamp, Unesp, Machenzie and PUC, and he chose POLI. During his undergraduate studies, he earned a scholarship from Instituto Semear and took a leadership course in Jordan. In 2020, Abidan was elected Embu das Artes Councilman, being the second youngest person in history to take the office. His plans are to remain in politics to be able to make quality education accessible to all young people in Brazil.

32 • Annual Report – 2021

Ana Luísa Moura

18 YEARS-OLD, SOCIAL POLICY - NORTHWESTERN

OUTSTANDING IN SCHOOL , Ana won the award Women for Chemistry and many other medals in the area. Moreover, she fell in love with debates and UN simulations, which inspired her to moderate a debate with council candidates and to debate in international conferences in Harvard and Stanford. In 2019, she co-founded a popular preparatory course with its own teaching methodology, leading more than 25 mentors responsible for 124 students. Her academic excellence got her admitted in Law at Insper and in four North American universities, and she decided to study Social Policy at Northwestern. In the future, she wants to transform Brazil into an international benchmark in basic education, and use education as a tool to fight gender-based violence.

Ana Studart

19 YEARS-OLD, MATH AND COMPUTATIONAL BIOLOGY - HARVEY MUDD

ANA STUDART, FROM CEARÁ, was introduced to the world of Olympiads in High School, and right at her first competition she won second place in math. Enchanted by this universe, Ana won 36 medals distributed among the contests in astronomy, physics, computing, mathematics, and robotics. The results guaranteed that she got selected for five international Olympiads, winning two silver and a bronze medal at the European Women Olympiads in Mathematics. This experience inspired Ana to co-found the Sem Parar (Non-Stop) Project, which has the concept of girls teaching science to other girls. Studying Math and Computational Biology, she intends to contribute to improvements for cancer treatment and diagnosis, and continue encouraging girls’ participation in the sciences.

2021 – Annual Report • 33

Beatriz da Silva Falcão 18 YEARS-OLD, POLITICAL SCIENCE - DARTMOUTH

AT SCHOOL , Beatriz was involved in many activities, including UN simulations. Her dedication earned her six honorable mentions, including three awards of best delegation, and four full scholarships to represent her school in national competitions and at Harvard Model United Nations. She also developed a scientific project on inclusive education, awarded in three national fairs, including FEBRACE; won six literary contests and earned the highest grade among the 140 students for 5 consecutive years. Now, she is getting ready to start her undergraduate studies in Political Science at Dartmouth College, where she was admitted with a scholarship. Beatriz dreams to accomplish a reform in teaching careers to value the profession, analyzing successful educational models from abroad and bringing them to Brazil.

Bianca Freire

18 YEARS-OLD, PUBLIC ADMINISTRATION - FGV

HER DISCIPLINE and her ability to become self-taught led Bianca to earn a full scholarship for the ISMART program when she was 12, after being selected among 11,000 candidates. In 2019 and 2020, she was a semi-finalist at the Brazilian History Nacional Olympiad. When taking the college entrance exams, she was admitted at PUC-SP, Mackenzie, FGV-EPPG, Insper, and FGV-EAESP, earning full scholarships in the highly competitive selections for the last three. Today, she is studying Public Administration at FGV. Bianca was also selected as Young Federal Congresswoman by the Brazilian Youth Parliament, designing a bill to empower peripheral leaders, and for the Crossroads Emerging Leaders program from Harvard. Inspired by her experiences and her origins, Bianca dreams of creating impactful policies alongside peripheral communities.

34 • Annual Report – 2021

Carolina Bartunek 18 YEAR-OLD, ECONOMICS - HARVARD

WHILE STILL IN MIDDLE SCHOOL , Carolina won the prize for best academic performance in 8 school subjects. She also participated in the Wharton Investment Competition (KWHS) as the youngest group in the history of her school, and won second place in Brazil’s final. In High School, she won a bronze medal in the Math British competition (UKMT). Furthermore, Carolina was recognized by her performance in computer science. At an internship at BTG Pactual, she found her passion for financial education and the investment world. Since then, she has dedicated herself to learn more about this market to understand how to include it in educational programs. In the future, she wishes to open her own company and promote the issue of financial education for young people.

2021 – Relatório Anual • 35

Daniele Gavetti de Mari

21 YEARS-OLD, NEUROSCIENCE - GEORGIA INSTITUTE OF TECHNOLOGY

DURING HER CHILDHOOD, Daniele lost her grandmother and her best friend to cancer. These experiences made her develop an interest in the Healthcare area, particularly in technologies that could contribute to the treatment of sick people. Focused on this mission, Daniele stood out in her studies and participated in the main science fairs in Brazil. She won many scholarships for her research in Neuroscience and founded a neurotechnology start-up, which is part of the oldest startup incubator in the United States, ATDC. In the future, she dreams of having the biggest Neurological Institute in Brazil, contributing to its development as a benchmark in research and development of treatment therapies for neurological diseases.

Eduardo Emilio Costa Trunci

21-YEARS-OLD, MATH AND COMPUTER SCIENCE - GEORGIA INSTITUTE OF TECHNOLOGY

SON OF ENGINEERS, Eduardo showed aptitude for exact sciences and technology from a very young age. He participated in math, physics and chemistry Olympiads and won medals in many competitions. He was even selected for the international physics Olympiad and was classified in the top 40 of the Harvard-MIT Math Tournament. Eduardo also dedicated himself to scientific initiation, winning many prizes. In his short professional trajectory, has also worked at Rolls Royce, Ambev and McKinsey & Company, in Boston. His next step is to spend a season at Facebook, in California. Looking towards the future, Eduardo’s ambition is to become an entrepreneur to show the world that Brazilian companies can create state-of-the-art technology with the same quality offered by the big market players.

36 • Annual Report – 2021

Eduardo Vasconcelos Goyanna Filho

18 YEARS-OLD, ECONOMICS AND GOVERNMENT - HARVARD

THROUGHOUT HIS STUDIES, Eduardo received many prizes and honorable mentions for written works and for his participation in International Organizations Simulation Models. He represented Brazil for the 1st time in the Global Debates and brought to the country the unprecedented award for Best Debater in Rookie Nations. Moreover, he acted as a Congressman in the Brazilian Youth Parliament, being considered the 6th best legislative writer among 1068, for a Social Education Bill. Admitted to Harvard, he was also part of the RenovaBR and, as a political leader, he dreams of reducing the Federal district’s child criminal rates to the lowest in the country.

Felipe Nuti

18-YEARS-OLD, COMPUTER SCIENCE - OXFORD

WITH A STRONG VOCATION for the exact sciences, Felipe started to stand out at school by participating in Knowledge Olympiads during the first years of Middle School. He earned more than 15 medals, distributed among many subjects. His good academic performance was also apparent in the college entrance exams. Felipe got the highest grade in the 1st phase of Fuvest during his last year of High School, besides being admitted at ITA, USP, Unicamp, College London, Oxford, Georgia Tech and UIUC. He also won the BRASA Summer Journey competition with a solution for a company’s support team problem. Nowadays, he works for a technology start-up analyzing the users’ behavior patterns. His goal is to leave an expressive technological legacy through research, development and entrepreneurship.

2021 – Relatório Anual • 37

Fellipe Couto

21 YEARS-OLD, COMPUTER SCIENCE AND BUSINESS MINERVA SCHOOLS AT KGI

FELLIPE’S GREAT INTEREST in technology led him, in High School, to establish his school’s robotics group, which went on to win the Brazilian Robotics Olympiads. Besides technology, he also had an interest in the Healthcare area. Joining both passions, he conducted research on medicines to fight Dengue with FIOCRUZ and created the first autonomous hospital disinfection robot recognized in Latin America. Furthermore, Fellipe developed a space exploration prototype, which won two unprecedented international medals for Brazil. Today, he works as a data scientist and is an intern at Facebook. His dream is to become a reference in business and technological development, transforming Brazil into an innovation power.

Gabriel Checchinato 21 YEARS-OLD, MECHATRONIC ENGINEERING - USP

EXTREMELY CURIOUS AND CREATIVE, Gabriel developed, early on, a passion for science and engineering. As a young man, he liked to make scientific experiments at school and to play with unusual innovations. During his senior year of High School, he invented a system capable of making liquid dispensers autonomous, such as water filters and purifiers. With this project, he won the 1st place in Engineering at FEBRACE and was selected to represent Brazil at Intel ISEF, coming back with a 3rd place in Embedded Systems. Gabriel’s innovations also earned a victory at the reality contest “Brazil Battle Makers”, when he was only 18 years old. Today, he is responsible for the whole software development of a startup and he wants to remain involved in the creation of other innovative products with a purpose.

38 • Annual Report – 2021

Gabriela Dias de Souza 22 YEARS-OLD, BUSINESS ADMINISTRATION - FGV

EDUCATION ENTHUSIAST, Gabriela seeks to consolidate her career in technology combined with Management. During her trajectory, she earned scholarships in the best Brazilian institutions, winning prizes in the Essay Marathon and in Model United Nations. She was admitted at FGV to study Business Administration and joined the Academic Directory for the Junior Economics Consultancy, besides becoming assistant teacher of project management. During college, she learned programming at one of the best bootcamps in Brazil, won the greatest college challenge in Latin America (TETRIX), among 70 thousand participants, and became the FGV technology entity president. Currently, she works with educational projects in technology and plans to use the knowledge acquired when building the HackZone, a programming school she founded.

Helena Werneck

18 YEARS-OLD, EDUCATIONAL STUDIES AND PSYCHOLOGY - SWARTHMORE

EVER SINCE CHILDHOOD, Helena developed a great affinity with the humanities. At 14, she founded the Veredas Project NGO, which has impacted more than 3 thousand people and aims to promote sustainable development in the Serra da Capivara (Piauí) region. Her fundraising events have featured artists such as Gilberto Gil and Nando Reis, and in 2020, the project received the support of 320 thousand Brazilian reais from the French Embassy to keep the work going during the pandemic. Helena decided to study in the United States to learn more about innovation in education and was admitted to seven North American universities, including Berkeley, UCLA and NYU. Her goal is to develop creative educational methodologies based on evidence, besides supporting these innovations’ implementation at public schools.

2021 – Annual Report • 39

José André

19 YEARS-OLD, COMPUTER ENGINEERING - ITA

Curious and hard-working, José left his family home at 15 to pursue his studies. His efforts in the Exact Sciences field was recognized and he won more than 10 prizes, among them a gold medal at the Paulista Math Olympiad and an honorable mention at the RioPlatense Math Olympiad in Argentina. During his senior year of High School, the student was admitted at the entrance exam for AFA, IME, ITA and Unicamp. Already in college, José was selected among over one thousand candidates for the summer job at Navi Capital. This experience has taken him from basic to advanced level of Python and increased his interest in technology. In the future, he wishes to have a leadership position and to take technology studies to basic education.

Kaio Kumagai

17 YEARS-OLD, BIOMEDICAL ENGINEERING - NORTHWESTERN

DESCENDANT OF AN ANCIENT samurai clan, Kaio inherited from his family strong ethical values and the discipline to seek improvement through education. At 11, he earned a gold medal at the Brazilian Astronomy and Astronautic Olympiad and, since then, has dedicated to many other competitions, winning more than 30 awards in different knowledge fields. These achievements made him the first student (and the only one up to date) to earn a scholarship by merit in the history of his school. Kaio participated in renowned mentorship programs, and even developed a project on the use of nano micelles to transport Alzheimer’s drugs directly into the affected areas of the brain. In the future, he wants to work on the development of a technology called NBM-Nano BioMechatronics, a pioneering technology whose combination of distinct sciences will promote countless applications for humankind.

40 • Annual Report – 2021

Lara Campos

18 YEARS-OLD, POLITICAL SCIENCE - NORTHWESTERN

LARA HAS ALREADY EARNED SCHOLARSHIPS in institutions such as Cambridge University, Latin America Leadership Academy and National Flight Academy. She is also an alumni of Fundação Estudar, BRASA and Junior Achievement. As a social entrepreneur, she founded two startups, becoming the finalist at the Innovation and Technology Tack Challenge, winner of the KPMG Innovation Camp and 3rd place recipient at the JA Startup. Restless and with a desire for change, she was a volunteer at Acredito Rio, a political renovation movement, and in Agbara, a collective of black women seeking social impact. In 2021, she was accepted with a scholarship of almost 2 million Brazilian reais at Northwestern University, in the most competitive selection process in the university’s history. Her mission is to transform Brazilian education through public policies of inclusion, through entrepreneurship and through the creation of opportunities for the Afro-Brazilian population.

Leonardo Dias de Jesus 17 YEARS-OLD, ECONOMICS - NYU ABU DHABI

AFTER RECEIVING TWO HONORABLE MENTIONS at the Brazilian Math Olympiad, Leonardo, from São Paulo, realized his academic potential could lead him to earn a scholarship at private schools. He was, then, selected and supported by ISMART. Later, he earned a full scholarship at one of the world’s most competitive universities, the NYUAD, besides being approved in nine highly regarded Brazilian universities. Focused on education, he participated in the Education Map Movement as a leader, where he could investigate the basic education circumstances in his city. Studying abroad, Leonardo wants to learn how basic education works in other nations and help Brazil become a leader in rankings such as PISA.

2021 – Relatório Anual • 41

Leonardo Caffarello 22 YEARS-OLD, PHYSICS - BRITISH COLUMBIA

PASSIONATE ABOUT SPACE, Leonardo understood that the Engineering and Physics combination was the ideal solution to quench his curiosity and for him to be able to apply his creativity in projects with potential to impact the lives of people around the world. After graduating from High School, he was admitted to a mentorship program and participated in the Google Science Fair with a microbial fuel cell project. At college, he led a cosmic ray detector project that flew in a stratospheric balloon made available by the Canadian Space Agency, participated in researches and academic projects at the Electrical Engineering department, and had his project approved for a second stratospheric flight, organized by five space agencies, in Sweden in 2022. With his recognition, he dreams to help humankind walk on Mars and boost a Brazilian startup to become a reference in the space field.

Lucas Lelis Graciliano 19 YEARS-OLD, ECONOMICS - UCHICAGO

CHEMISTRY, ASTRONOMY, HISTORY... Lucas has a collection of Olympiad medals in many areas. His dedication to his studies got him scholarships in private schools and honorable mentions for being academically outstanding. At the ENEM test, he was within the top 1% with the best graded essay. Admitted at the University of Chicago in Economics, he won a challenge about impact investments, presented his research to European politicians, and was the finalist at Constellation Challenge. Even at a young age, he has worked as an intern at financial market management companies and at RenovaBR. In the future, he wants to found a company focused on impact investments to finance other people’s dreams.

42 • Annual Report – 2021

Miriã Ferreira da Silva 23 YEARS-OLD, MEDICAL SCHOOL - UFJF

BORN IN PETRÓPOLIS, Miriã was approved in the competitive Medical School entrance exams by studying on her own. She became the first black woman from her community to have this achievement. During college, she participated in research activities, extensions, monitoring, student representation and scientific initiation. Currently, she is an intern at Medical Practices in a healthtech for oncologic patients’ remote support. There, she assists in the development and in the improvement of service protocols. Miriã’s dream is to offer quality access to health to the Brazilian population through innovation.

2021 – Relatório Anual • 43

Murilo Calegari

19 YEARS-OLD, COMPUTER SCIENCE - DUKE

BORN IN THE COUNTRYSIDE OF ESPÍRITO SANTO, Murilo had in his family a strong inspiration for his academic career. The student built a long history of Scientific Olympiad participation, earning medals in Math, Physics, Sciences, Astronomy and Geography. Furthermore, he was awarded at the Asian International Math Olympics and at the World Mathematics Games Open, and he was invited for the London International Youth Science Forum 2020. His good results also led to Murilo’s approval in 5 North-American universities with full rides. The young man has already been involved in many technology, education and leadership projects and is developing his own startup in pedagogical consultancy based on the ENEM microdata. His goal is to make education more captivating with technology’s support and to transform people’s lives using computer science.

Natan Rodrigues Ferreira 18 YEARS-OLD, COMPUTER SCIENCE - BROWN

NATAN, FROM RIO DE JANEIRO, developed early on a passion for Robotics, Debate, Design and Math. He was on the first Brazilian team to participate in the Global Debates WSDC, in which he won the best new nation award. He founded an organization to promote the practice of exact sciences’ concepts and he is the president of an association focused on encouraging debates in Brazil. He also participated in courses and events at Yale and Harvard and he is currently an undergraduate at Brown University. Nowadays, Natan plans to explore areas related to Social Robotics, Artificial Intelligence, and other Computer Science fields through internships. His dream is to use his knowledge to expand the field of Social Robotics in Brazil, using it as a response to challenges such as racial inequalities, and becoming an example for black peripheric youth.

44 • Annual Report – 2021

Nicole Pires

18 YEARS-OLD, PHYSICS AND COMPUTER SCIENCE COLUMBIA

PASSIONATE FOR THE EXACT SCIENCES, Nicole, from Goiás, won a bronze medal at the Physics World Cup, silver at the Brazilian Rocket Exhibition, and gold at the Brazilian Chess Championship. As a scientist, she was the only High School student from Goiás to participate in the Scientific Initiation at UFG, becoming one of the 300 finalists, among more than 7,000 at FEBRACE. Moreover, Nicole was selected for the summer program at Stanford and was the founder and president for the Girl UP Meninas Cientistas nucleus, supported and sponsored by the UN. She also writes articles on astrophysics to democratize cutting-edge science in Brazil, and, even before getting to college, she is getting ready to publish her first book. In the future, Nicole wants to be the first Brazilian woman to go to space.

Vinícius Névoa 19-YEARS-OLD, PHYSICS - CALTECH

VINICIUS’ INTEREST IN CHALLENGING GAMES, such as chess, made him develop a taste for problem solving and science from an early age. In high school, he earned many medals in national and international competitions, among them, 4 gold medals at the Brazilian Physics Olympiad – competition in which he has an undefeated record. Vinícius became Brazil’s team captain in two international tournaments, out of which they won the silver medal and got the best result in the country’s history. His involvement with the tournaments inspired him to co-found a Physics Championship and to support the development of other young people in the exact sciences field. In the future, he wants to work with quantum technology and to bring to Brazil a robust national technological development initiative along the lines of NASA.

2021 – Relatório Anual • 45

5. ESTUDAR FORA

Good People throughout the world

CURRENTLY, OUR NETWORK REPRESENTS 25% OF THE BRAZILIANS WHO STUDY IN THE BEST 40 UNIVERSITIES IN THE UNITED STATES. THIS RESULT IS THE FRUIT OF SEVERAL INITIATIVES THAT INFORM AND ENABLE YOUNG YOUNG PEOPLE TO MAKE THEIR DREAMS OF STUDYING ABROAD COME TRUE!

IT WAS A YEAR OF INNOVATIONS and good results for Estudar Fora – the front that encompasses initiatives to support young people to study in the best universities in the world, based on digital content, specialized preparation and, more recently, scholarships for young people in the area of Technology. Among the highlights, we had the Prep program with the greatest number of applicants in its history, even amidst the pandemic; we consolidated the Fellowship Tech Program, focusing on talents in the area and increasing the impact by bringing knowledge from the best universities in the world at no charge for Brazilians, through the translation of a Computer Science introductory course from Harvard. 2020 PREP ESTUDAR FORA RESULTS

Number of applicants

5.906

75 Finalists 46 Admitted 43 Prep Scholars

Participated in our preparation for 10 months of 2020

35 admitted

81%

of the Prep students were admitted in North American Universities (35/43)

58%

were admitted in Top Schools** (25/43)

7.561*

TOP SCHOOLS 2019

2020

An increase of approximately % in comparison to the highest number of applicants previously reached, up from 5906 in 2019, even with the pandemic impacts.

31 North American universities selected as the best universities in the different majors’ rankings.

2021 – Annual Report • 47

113

ADMISSIONS

out of which in the following Top Schools

1 Harvard University

#2 BEST YEAR #2 best year in % of Top Schools admissions despite record low university acceptance rate, breaking a historic record of competitiveness. Two main factors seemed to have influenced the drop in university acceptance rate:

6 Northwestern University 3 Columbia University 3 University of Pennsylvania 3 University of California–Berkeley 3 Yale University 3 Georgia Institute of Technology 3 Dartmouth College 2 Massachusetts Institute of Technology 2 Brown University

Many universities became test-optional, which encouraged more people to apply to competitive universities;

2 University of Chicago 2 Duke University 2 University of Notre Dame 2 Amherst College 1 Johns Hopkins University 1 University of California 1 New York University 1 Williams College 1 Swarthmore College 1 Bowdoin College 1 Carleton College 1 Rice University

48 • Annual Report – 2021

Universities had a lower number of vacancies, given the high number of students who requested a gap year in the previous year.

PREP’S

2017 - 2018

2018 - 2019

2019 - 2020

2020 - 2021

2017

2018

2019

2020

54 38

Number of admitted students

Number of total admissions

117

120

113

Average of admissions per student

3,2

2,7

3,3

3,2

% of admitted students

79%

90%

81%

Number of admitted students

Number of total admissions

Average of admissions per student

1,5

2,4

2,2

1,8

% of admitted students

43%

29%

63%

58%

-YEAR TRACK RECORD

Number of prepared students TOTAL SCHOOLS

TOP SCHOOLS

2021––Relatório Annual Report 2021 Anual •• 49 49

2020 Prep class profile 30 MALE

16 FEMALE

TYPES OF SCHOOL

1 Rio Grande do Norte

4 Ceará

Public

Technical

Military

Private

SPECIFICATION 16

3 Goiás 3 Distrito Federal 1 Mato Grosso do Sul 2 Paraná 3 Rio Grande do Sul

1 Bahia 2 Minas Gerais

1 Espírito Santo 6 Rio de Janeiro

18 São Paulo 1 Santa Catarina

YOUNG PEOPLE who live with a family income up to twice the minimum wage per person were admitted in universities abroad, out of which 11 were admitted in Top Schools

50 • Relatório Anual – 2021

1 Pernambuco

97%

Public School (public, technical or military)

Private school with 100% scholarship

Private school with 50% to 99% scholarship

Private school with 25% to 49% scholarship

Private school without scholarship

Did not provide information

of the YOUNG PEOPLE admitted received some type of scholarship

Innovations for the Class of 2021 While 43 students receive personalized support, how could we assist the more than 7500 young people who signed up to the program and also have the dream of studying abroad? This was the question that challenged us and motivated some changes in the last cycle. “Now, from the moment that the young person begins their registration, they start to receive information with important tips and guidance about the university application process, so they can fulfill their dream of completing their undergraduate education abroad. It is also important to note that the Prep selection process replicates the application process for North American universities, precisely to support the young person in the preparation for this moment”, explains Juliana Kagami, Prep Estudar Fora Coordinator. Furthermore, any young person who is interested in studying abroad may get information and get to know in detail the step-by-step process to complete their application through the portal estudarfora.org.br and, soon, they will also have access to a recorded course which will provide guidance and exercises so the student increases their chances of admission

8.403

applicants

approved *

greatest number since 2017

All this impact becomes even more tangible when we look at the stories behind the numbers. One of them is from Matheus Coutinho, 19 years old, who went through Prep and today studies Biology and Neuroscience at Amherst College, in Massachusetts.

MATHEUS COUTINHO Amherst College Class of 25

He was born in the west of Rio de Janeiro and is the first of his family to go to a higher education institution. In the future, Matheus dreams to continue his studies until he earns a PhD and opens his own lab, focused on neurological diseases research.

It was in Prep where I learned to better tell my stories; I met incredible and inspirational people; I started to trust my own path; I had the chance to improve my English and other skills needed for the tests required by the universities. This gave me the opportunity to conquer what I have today: the long-dreamed-of place in a North American university.

2021 – Annual Report • 51

Technology as an essential pillar for the future The data from the Brazilian Association of Information and Communication Technology Companies (Brasscom) leaves no doubt: we need to develop more Technology professionals – and higher education alone will not be able to match the demand. Even with all the people who have recently graduated in the area being employed in Brazil, we would still have a gap of 72 thousand vacancies not fulfilled until 2023. However, the risks are even greater: besides having few graduates, according to data from BCG, 87% of these professionals are willing to move abroad to have better career opportunities. The great gap in shaping talents in the area is clear and worrisome, since technology is one of the main drivers for the development of any country in the world. Aiming to directly contribute to this problem’s solution, Fundação Estudar created the Frente Tech, which is getting more space inside the Estudar Fora pillar and has the goal of supporting the development of talents in the sector.

BREAKDOWN OF GRADUATES PER SPECIFIC IT MAJORS

11% Information Technology Management

19% Computer Science

5% Computer Engineering

46.000 20% Information System

Fonte: Brasscom

52 • Annual Report – 2021

PEOPLE GRADUATE IN IT A YEAR IN BRAZIL

5% others

8% Network and Internet

32% System Analysis and Development

Fellowship Tech

NUMBER OF IT PROFESSIONALS DEMANDED PER YEAR

33.019

2019

46.841

2020

56.693

2021

68.918

In order for Brazil’s greatest challenges to be solved through technology, we need trained professionals, both technically and in management and leadership skills. “All program benefits were created to leverage young people who wish to have an impactful career in technology. We will financially support their formal studies and actively contribute to the development of fundamental skills in order for them to be capable of leading technological revolutions in the coming years,” explains Aílton Cunha, Fundação Estudar’s Frente Tech coordinator.

THE 2020 FELLOWSHIP TECH selection process considered leadership competencies as well as relevant experience in development and programming.

2022

18 8 89.171

125.710

2023

AVERAGE OF 70 THOUSAND NEW IT VACANCIES PER YEAR

2024

420.351

admissions

admissions of young people in the Computer Science major aged between 19 and 21

increase of 125% 2020

2021

total

2021 – Annual Report • 53

ANDRÉ GOMES

DANILO SILVA

Universidade de São Paulo (USP)

Worcester Polytechnic Institute

DANIELA HAIDAR

Brown University

DAVI COSCARELLI

Florida Institute of Technology

ELISEU KLOSTER

Northwestern University LEONARDO NERONE

LUISA ESCOSTEGUY

Carleton College

FELLOWSHIP TECH CLASS OF 2021

LUCCA BAZZO

Minerva Schools at KGI

FELLOWSHIP TECH CLASS OF 2020

University of Pennsylvania

GABRIEL SILVA SIMÕES

University of Notre Dame

GABRIELLE ARRUDA

Universidade Federal do ABC (UFABC)

ITAMAR ROCHA

Universidade Federal da Paraíba (UFPB)

PEDRO LOPES

University of Notre Dame

JOÃO VITOR BOTELHO

Duke University

ROBSON AMORIM

Minerva Schools at KGI

SAMUEL PRIETO

Massachusetts Institute of Technology - MIT

54 • Annual Report – 2021

KALYANE BEZERRA

Minerva Schools at KGI

LETÍCIA SCHETTINO

Harvard University

LUIZ FERNANDO VALLE

Columbia University

LUIZA VOSS

Technical University Munich

MATHEUS HOFSTEDE

Universidade Federal da Bahia (UFBA)

CC50 – The Harvard’s Computer Science introductory course in Brazil Free and online, the CC50 was produced and translated by Gabriel Guimarães, 2015 Estudar Leader, Harvard graduate and teaching assistant to professor David Malan – who developed the course content so that more and more young people can understand everything from binary numbers up to more complex applications, allowing them to explore the algorithm world in different ways – from games to cryptography.

MATHEUS SANTOS

Georgia Institute of Technology

All class resources as well the Problem Sets were directly translated from the original materials (CS50 2011), allowing the registered students to learn from the same material as the Harvard students.

MATHEUS SILVA

Tufts University

NICOLAS PEREZ

University of Southern California

RAFAELA BASTOS

Minerva Schools at KGI

More than

120

thousand

enrolled

in the Harvard Computer course translated by Estudar Fora

SHARING FREE CONTENT to young people who desire to study abroad

STEFANO DELMANTO

Stanford University

2 million

4,4 million

THIAGO VELÔSO

Massachusetts Institute of Technology - MIT

Views on Estudar Fora’s YouTube channel

Single accesses on the estudarfora.org portal

2021 – Annual Report • 55

6. NA PRÁTICA (IN PRACTICE)

Informing and developing Good People in scale

THE YEAR 2020 HAS DRIVEN THE DIGITALIZATION AND EXPANSION OF THE EDUCATION MARKET. AND, DURING THE COMING YEARS, THE TREND IS FOR EVEN FASTER GROWTH. IMPACTED YOUTH 2020

8.748 Recorded Courses

ACCORDING TO AN ANALYSIS done by Heartman House, a pro-bono consultancy that has been working closely with Fundação Estudar, the expectation is that by 2025 the demand for courses will increase the sector revenues by 19%. When we talk about soft skills, the increase should be 23%. With more than 8 million college students, there are many opportunities to increase our own impact through courses and digital content.

3.667 Live Courses

However, to achieve this, we need to keep adapting to the new context, reviewing programs so they are assertive in relation to the current challenges faced by young people, consistent in format, and delivering high quality.

2021 JAN-JUL

In 2020, with the whole portfolio migrating to the online format, we learned to be more efficient. In the live editions, we improved the occupational rate by 29% and brought the cancelation rate to zero. Despite the drop in revenue per edition during the pandemic, the expense reduction made the courses more sustainable and with a better financial result when compared to 2019.

3.322 Recorded Courses

913 Live Courses

2021 – Annual Report • 57

Changes have already begun... The revision of the Na Prática (In Practice) courses is an important part of the market repositioning process that is taking place. The main focus is the increase in desirability by positioning Estudar’s courses competitive differential. “We will differentiate ourselves by strategically using what only Fundação Estudar has: access to a network of Leaders and partners who can contribute with a lot of excellent and inspirational content,” explains Anna Valenzuela, Product, Technology, Communication, Educational and Editorial Content Manager. In 2021, the first course to get a new face was Leadership 16h, which had already impacted over 18 thousand students throughout 8 years of in-person editions with its presence in more than 300 cities in Brazil. Now, in the recorded course format, it also received a new name: “Make it happen”. With a more dynamic content and with the concern in having modern and high-quality settings, the recordings reached a cinematographic standard. However, the biggest news was the inclusion of a Master Class with Jorge Paulo Lemann as part of the course. In this new format, Lemann helped to disseminate throughout Brazil the lessons learned on risk-taking, innovation in a digital market, and diversity to develop teams that are in fact successful. “We had many conversations with Jorge about how to make more young people dream big, awaken their potential and get out of their

58 • Annual Report – 2021

YOU CAN ACCESS THE MASTER CLASS TRAILER THROUGH THE QR CODE BESIDE

THE GOAL OF THE MASTER CLASS IS TO MAKE OUR COURSE MORE ATTRACTIVE TO YOUNG PEOPLE. WE WANT THEM TO HAVE ACCESS TO PEOPLE WHO ARE GREAT MARKET LEADERS AND WHO LEAD TRENDS IN THEIR AREA OF EXPERTISE, SO YOUNG PEOPLE MAY LEARN THROUGH THESE HANDS-ON EXPERIENCES. AMONG OUR NEXT STEPS ARE THE RECORDINGS OF NEW CLASSES IN THIS FORMAT FOR THE REST OF THE PORTFOLIO. Anna Valenzuela, Product, Technology, Communication, Educational and Editorial Content Manager

ACCESS THE QR CODE AND WATCH THE MAKE IT HAPPEN COURSE TRAILER

comfort zone. And his answer to this is incredible: when someone experiences success, even if it is a very small success, this person begins to believe that they are capable and want to live that success again, and this will only increase with time,” says Anamaíra Spaggiari, executive director, who interviewed Jorge Paulo and followed along the recordings. Amid the changes brought to Make it Happen, there is also content facilitation by more senior level professionals. They are: Nathalia Bustamante, former Education Coordinator at Fundação Estudar and Master’s student at Harvard; and Wellington Vitorino, Estudar Leader, social entrepreneur and MBA at MIT. Besides these experienced facilitators, the course has the participation of 7 Estudar Leaders, references in their areas of expertise and who share their experiences in their fields. They are: Ana Paula Pereira, CEO at Instituto Sonho Grande; Marcos Antônio Oliveira Júnior, Fiuke’s founder and CEO; Felipe Rigoni, Congressman from the state of Espírito Santo; Joice Toyota, Co-founder and Executive Director of Vetor Brasil; Gabriel Bayomi, Unbox co-founder; Larissa Maranhão, Tech Business Partner GM Brex and Ralf Toenjes, co-founder and President at Renovatio and VerBem CEO. Note: we thank all the people who facilitated the Leadership 16h course and actively contributed to our expansion, making the Fundação Estudar content reach several cities in Brazil.

2021 – Annual Report • 59

Volunteering Program While providing greater financial sustainability and increasing Fundação Estudar’s impact, the volunteering program is also a development opportunity for those who donate part of their time. The possibilities are many: becoming a sales volunteer, mentoring other volunteers or even facilitating Na Prática (In Practice) live courses. In each activity, the young person finds a different experience and development path:

Diversity in formats and topics As a great ally of young people in search for development, career and market content, Na Prática (In Practice) has been maintaining its results in its traditional channels such as the portal and YouTube, besides exploring new platforms.

879 volunteers

Throughout 2020 and 2021, we were able to take advantage of the upward trend in podcasts to formalize content partnerships and launch new programs, such as “Em Diversa Companhia” (“In Diverse Company”), together with AB InBev, the “Visão Panorâmica” (“Panoramic View”) with Fundação Lemann and “Crack the Case”, with episodes signed by Stone, EDP Brasil and AB InBev. Besides the podcasts, the partnerships were also a highlight in the launching of the e-books focused on specific sectors and issues. Some examples are the editions “Carreira em Impacto Social” (“Social Impact Career”), also with Fundação Lemann; “Carreira no Mercado Financeiro” (“Career in the Financial Market”) with Votorantim, and “Desafios e Habilidades para o Advogado do Futuro” (“Challenges and Abilities for the Lawyer of the Future”), with the VPBG office – Vella Pugliese Buosi and Guidoni Lawyers.

60 • Annual Report – 2021

77.876 dedicated hours

2020

Total hours

136.256

581 volunteers 2021 JAN-JUL

58.380 dedicated hours

SALES VOLUNTEER’S CYCLE

OTHER CAREER OPPORTUNITIES AFTER THE SALES COLUNTEER’S CYCLE

FACILITATION VOLUNTEER’S EXPERIENCE

SELECTION AND INITIAL TRAINING

It is the initial stage of the cycle, where the volunteer learns the first step of any sales process: pre-prospecting, through a practical project.

MENTORS

of up to 5 people,

HANDS ON PROJECT

TRAINING A series of training sessions in sales for qualification.

VOLUNTEERS’ Those who have had the experience of being a sales volunteer can continue to challenge themselves to lead a team acting as a mentor.

MEMBER OF VOLUNTEER COMMITTEE

SALES CYCLE For 6 weeks, the volunteer has the opportunity to put what he or she has learned into practice, divulging and selling the courses of thethe Estudar Foundation and multiplying our impact.

CLOSURE At the end of the cycle, the volunteer has access to feedbacks of their performance and awards.

After the experience as a mentor, the volunteer can become a member of the committee, participating in the cycle as an external consultant.

INTERVIEWER OR SUPPORT TO THE SELECTION PROCESS Another option is to participate in the recruitment and selection of new volunteers as an interviewer.

To select our team of facilitators we looked for people with a trajectory that shows protagonism, autonomy, self-knowledge, self-leadership, and, of course, a connection with Fundação Estudar.

PERFORMANCE IN LIVE COURSES The team of facilitators represents Fundação Estudar and is the main interface with young people. To conduct each meeting with excellence, it is required: effective communication, content mastery, and self-management skills.

EVALUATION AND FEEDBACK The network of facilitators is evaluated through: feedback from the course participants, feedback exchange between peers and self-evaluation. After the facilitation, the volunteer receives a report based on qualitative and quantitative criteria.

CONTINUED EDUCATION We believe in the growth mindset and in a network improvement process. Thus, we invest in continuous education based on the facilitator’s evaluations and on the development points mapped.

AWARDS AND ENGAGEMENT To give back to the facilitators some of the time and energy they donate to us, we have a strong policy of recognition and reward. It considers the results achieved by the facilitators and each one’s engagement.

2021 – Annual Report • 61

7. IMPACT IN SCALE

Financial Sustainability

6% Others

Perennity and impact

15% Tech Donors

IN 2017, Fundação Estudar became a hybrid organization, reaching financial sustainability through various financing sources, such as individual and businesses donations, in addition to the product monetization for companies and young people.

23% Companies

WHERE OUR RESOURCES COME FROM

19% Founders

We count on the support of many people who believe Education can transform Brazil, and our priority is to always allocate resources to enhance impact, maintaining the quality and excellence of all programs.

6% Young People

31% Donors

1% Others

23% Institutional Donations

20% Donations for Innovation

FINANCING SOURCES

20.571.030 RECEIVED

19% Donations to Estudar Leaders’ scholarships

37% Revenue from clients of our programs

HOW WE APPLY OUR RESOURCES R$ 6.563.025 Leaders

R$ 2.360.348 Conferences

R$ 2.070.103 Portals

R$ 3.544.437 Courses

R$ 3.316.871 Frente Tech

R$ 962.729 Others

R$ 1.303.690 Prep

2021 – Annual Report • 63

Donors and Partners OUR DONORS AND PARTNERS bring the resources and the necessary support so the impact of Fundação Estudar may become greater and more sustainable every year. Amid the donations, since 2018, we are working on the long-term pledge strategy, which helps us increase the predictability of our fundraising revenue. Pledges can be for 3, 5, or 10 years, with donations starting at BRL $10,000. As this is a long-term agreement, it is important that the donors are well aligned with our strategic planning. That way, once donors commit to a pledge, they will have the right to participate in three discussion forums: 1. Long term strategic planning (with Bain & Company consultancy); 2. Discussions regarding strategies for fundraising through individuals; and 3. Discussions regarding strategies for B2B fundraising. Moreover, institutional partnerships function in two main ways: through financial support, bringing one of the greatest revenue sources of Fundação Estudar; or with projects’ support, bringing expertise to improve our strategy and/or operation. In return, we offer different benefits, which include, but are not limited to, access to our network, branding dissemination and employer branding, and participation in events. Finally, our Frente Tech partners are great philanthropy supporters whose donations are mostly for the Fellowship Tech scholarships, besides the projects of development and youth engagement in the technology field.

64 • Annual Report – 2021

Institutional Partners Financial Support MAJOR | FRENTE TECH STARTING AT BRL $ 1,000,000.00 Fundação Behring Fundação Brava Stone Telles Foundation Torto Family Foundation

PLATINUM ABOVE BRL $ 300,000.00 Ambev Fundação Lemann Itaú Stone

GOLD BETWEEN BRL $ 100,000.00 E BRL $ 299,999.99 Eleva Educação Enel Instituto Credit Suisse Hedging-Griffo

SILVER BETWEEN BRL $ 50,000.00 AND BRL $ 99,999.99 Apply Prep B3 BTG Pactual Cora EHL - École hôtelière de Lausanne Grupo Boticário Inspira Rede de Educadores Lojas Renner S.A. SaltPay Turim MFO Votorantim

Institutional Partners Project Support

Individual Donors ENDOWMENT ABOVE BRL $ 500.000,00

MAJOR

Carlos Brito e família Janaína e Bernardo Hees e família

ABOVE BRL $ 1,000,00.00 Bain & Company Heartman House

MAJOR DONORS

GOLD BETWEEN BRL $ 100,000.00 E BRL $ 299,999.99 BETC VPBG - Vella Pugliese Buosi e Guidoni Advogados

SILVER BETWEEN BRL $ 50,000.00 AND BRL $ 99,999.99 Boston Consulting Group (BCG) ID_BR - Instituto Identidades do Brasil

Pledge star for 3 years donation

ABOVE BRL $ 75,000.00 Alberto Leite Ana Luiza e Ary Zanetta Ana Paula Martinez Associação IEP Bianca Fischer de Moraes Cláudio J. Carvalho de Andrade Florian Bartunek Henrique V. Dubugras Lilian Feuer Stuhlberger Luciana Hall – Cezar Coelho Luis Heitor Gonçalves Luis Stuhlberger e Mariana e Ricardo Fernandez Paulo Thiago Passoni Pedro Franceschi Renato Bromfman Renato Mazzola Ricardo Ermírio de Moraes Rogerio Pessoa Salo Davi Seibel TNA Gestão Patrimonial Veronica Allende Serra

DIAMOND Pledge star for 5 years donation

Pledge star for 10 years donation

BETWEEN BRL $ 50,000.00 AND BRL $ 74,999.99 Antonio Brennand Brasil Doce Lar – David e Robyn Beck Cláudio Haddad Daniella Raimundo Eduardo Brenner Eduardo Edmond Farhat Enio Shinohara

Eugênio Mattar Flavia Buarque de Almeida Gustavo Pimenta Maria Fernanda Resende Quartiero Mauricio Luis Luchetti Ramiro Lopes de Oliveira Stephanos Velissaropoulos Victor Lazarte Victor Paolillo Neto

PLATINM BETWEEN BRL $ 25,000.00 AND BRL $ 49,999.99 Anderson Ferminiano Rodrigues Andre Caldas Oliveira Antônio Bonchristiano Bridge One Investimentos Eduardo de Pereira Vaz Eduardo Mufarej Fábio Kapitanovas Fábio Tran Fernando Mattar Beyruti Gustavo Pierini Hugo Barra Isabel Lustosa e Ricardo Veirano Joaquim Pedro Andrés Ribeiro Leonardo Prado Damião Maurício Nogueira Soufen Patrick de Picciotto Pedro de Albuquerque Pedro Palma Rodrigo Peixoto Galvão Rogério Melzi Rosiane Pecora Vinícius Guimarães Barbosa Wolff Klabin Yago Rosa da Silva

2021 – Annual Report • 65

GOLD

SILVER

BETWEEN BRL $ 10,000.00

BETWEEN BRL $ 1,000.00 AND BRL $

AND BRL $ 24,999.99 Alexandre de B. Cruz e Guião Allan Aguiar Bastos Aly Tarek Farahat André Luís Bannwart André Reginato Antonio Ermirio de Moraes Neto Bruno Levacov Carlos Gambôa Carlos Watanabe Carolina de Moraes Claudia Elisa de Pinheiro Soares Colin Butterfield Duda Falcão Gabriel Felzenszwalb Geraldo Guanaes e Beatriz Cavalieri Geraldo Moura Guilherme Medeiros Bastos Gustavo Ioschpe João Eduardo de Paula Machado José Matheus Silva Gomes Leonardo Reis Longo Luana Bichuetti Makoto Yokoo Marcelo Lyra Machado de Carvalho Marcos Faria Gomes Marcos Toledo Marcus Fontes Mário Carlos Fernandes Filho Martha Campos de Castilho Max Fontes Pedro Drevon Pierre Moreau Ricardo Almeida Rodolfo Aranha Alves Barreto Thiago Picolo

9,999.99 Adelmo Hideyoshi Inamura Adilon V. A. de Aquino Garcia Affonso Parga Nina Alex Leitão Ana Buchaim André Luiz Merlino de Freitas Antonia Beatriz Mendes de Almeida Silva Antonio Augusto Barboza Pinto Antônio Vicente La Camera Beatriz Vidal Bruno Brizida Dreux Bruno Zanini Cassiano Carla Diniz dos Santos da Silva Carlos Henrique Lobão Pegurier Carlos Jun Yamamoto Catia Calmon Coelho Daniel Ichiro Okuda Daniel Sonder Daniela Fusco Alcaro Daniela Paula Sousa Andérez Deborah Pontual Diego Estrela Leal Eduardo Faria de Carvalho Eduardo Pinter Eduardo Vasconcellos Silva Emerson Ferreira Leite Fabio Futoshi Katayama Fabio Kenji Arai Fernando Quintana Merino Frederico Arieta da C. Ferreira Gabriel Feijó Oliveira Gilberto dos Santos Giuzio Giselle Oliveira de Barros Gustavo Cellet Marques Gustavo N. Athayde França Henrique Cordeiro Guerra Neto Isadora Rocha de M. Liberalino Iuri Miranda Jayme Chataque de Moraes

66 • Annual Report – 2021

João Lucas de Lima Pinheiro João Pedro Maya João Pedro Salgado Joice Toyota Júlio César Attílio Leandro Cavalcanti Silva Leticia Lazaridis Goldberg Levi Clemente dos Santos Lucas M. Zomignani Mendes Luiz Carlos Gomes Marcelo Setubal Carramaschi Marco Kheirallah Marcos Chaves Ladeira Mateus Ivar Carneiro Matheus Eduardo Martins Michel Zelazny Milena Aloisi Patrik Wälchli Paulo Cezar Aragão Paulo Mordehachvili Pedro de Freitas A. Bueno Vieira Priscilla Achur Coscarelli Rafael de Simone Martines Rafael Souza Raphael Mendes Guimaraes Roberto Cossi Roberto O. C. Perroni Rodolfo Magno de C. Coelho Ronaldo Benevides Veloso Rubens Silva Moreira Sérgio Vailati Filho Stanley Ting Thiago Freire Feijão Moreira Valéria Leal M. de A. Freundt Victor Valadão Bicalho Vitor Mota Rodrigues da Silva Viviane Teixeira L. de Alencar Wesley Lúcio Cavalcante Melo

Leaders who reimbursed their scholarship FULL NAME

TYPE

UNIVERSITY

SCHOLARSHIP YEAR

Allison Massao Hirata

Graduate school

Stanford University

2014

Ana Paula Romero Manzalli

Graduate school

Columbia University

2017

Andre Hamra

Undergraduate degree

University of Pennsylvania

2017

André Mendes da Silva

Graduate school

New York University

2015

Bernardo Villaça Renault Penteado

Undergraduate degree

University of Pennsylvania

2014

Bruna Favoretto

Exchange program

École Centrale de Paris

2015

Camilla Matias Morais

Undergraduate degree

ITA

2012

Carolina Lorentz Bartunek

Undergraduate degree

Harvard University

2021

Christiana Lucena de Mello Pinheiro

Undergraduate degree

EAESP - FGV

1997

Djalma Pereira Rezende Junior

Graduate school

Stanford University

2018

Eduardo Vasconcellos Silva

Graduate school

Stanford University

2014

Emmanuel Gantois Longa Filho

Exchange program

Technische Universität München

2016

Fabio Kenji Arai

Undergraduate degree

Caltech

2014

Felipe Alex Hofmann

Undergraduate degree

MIT

2015

Felipe Mendes dos Santos

Undergraduate degree

IME

2014

Gabriel Toneatti Vercelli

Undergraduate degree

Princeton University

2016

Gabriela Weiss Lemes

Graduate school

Harvard University

2016

Georgia Gabriela da Silva Sampaio

Undergraduate degree

Stanford University

2015

Giuliana Caroline Lopes dos Reis

Graduate school

University of Chicago

2014

Gustavo Moreira de Castro

Undergraduate degree

University of California Berkeley

2019

Jaqueline Tortora

Undergraduate degree

ITA

2014

João Pedro Maya

Undergraduate degree

IBMEC - RJ

2004

Joice Toyota

Graduate school

Stanford University

2013

Leonardo Silva Brito

Undergraduate degree

Harvard College

2017

Letícia Cruvinel de Queiroz

Graduate school

Harvard University

2016

2021 – Relatório Anual • 67

Leaders who reimbursed their scholarship SCHOLARSHIP YEAR

FULL NAME

TYPE

UNIVERSITY

Lucas Giannini Mendonça Abreu

Graduate school

Stanford University

2016

Lucas Martins Zomignani Mendes

Graduate school

Stanford University

2013

Maiara Folly Gomes

Graduate school

University of Oxford

2018

Martina Laukant Ehrenberg Müller

Graduate school

Harvard University - Kennedy

2017

School of Government Paulo Victor da Conceição Monteiro

Exchange program

École des Mines de Douai

2010

Pedro Barreto Vinhas Abreu

Undergraduate degree

ITA

2008

Pedro Luis Cunha Farias

Undergraduate degree

Harvard University

2018

Pedro Pires Goulart Guimarães

Graduate school

MIT

2015

Pedro Thomas Vilela Hermann

Exchange program

University of California

2014

Rafael de Simone Matioli

Undergraduate degree

EAESP - FGV

2011

Rafael Magalhães Braga de Souza

Undergraduate degree

UFRJ

2010

Renan Ferreirinha Carneiro

Undergraduate degree

Harvard University

2013

Rodolfo Bonatti

Undergraduate degree

USP

2015

Thaís Fernandes Lori

Undergraduate degree

USP

2008

Wellington Trindade Vitorino

Undergraduate degree

IBMEC

2015

SCHOLARSHIPS DONATIONS via Universities’ Endowment Hans Lin MIT Sloan School of Management

Roberto Sallouti The Wharton School of the University of Pennsylvania Pledge star for 3 years donation

68 • Annual Report – 2021

INTERNATIONAL FUNDRAISING COMMITTEE

BRAZIL FUNDRAISING COMMITTEE

Ana Gabriela Pessoa Enio Shinohara Janaina Hees Luis Heitor Gonçalves Paulo Thiago Passoni

Hans Lin Renato Mazzola Ricardo Veirano Rosiane Pecora Veronica Allende Serra

Operational and Strategic Partners BOARD PRESIDENT

MANAGERS

Florian Bartunek

Anna Valenzuela Erik Kenji Miyoshi Giuliana C. L. Reis Mariana Souza Panisi Patricia Silva Aguiar

VICE-PRESIDENT Renato Mazzola

LIFELONG ADVISORS Carlos Alberto da Veiga Sicupira Jorge Paulo Lemann Marcel Hermann Telles

BOARD André Street de Aguiar Cecília de Paula Machado Sicupira Duda Falcão Jean Jereissati Joice Toyota Lara Lemann Larissa Maranhão Makoto Yokoo

EXECUTIVE COMMITTEE Daniela Paula Sousa Andérez João Miranda de Oliveira Rebouças Brandão Makoto Yokoo Renato Mazzola

THANKS TO Paulo Aragão e Antonio Bonchristiano pelos anos de dedicação ao Conselho.

EXECUTIVE DIRECTOR Anamaíra Pereira Spaggiari Souza

TEAM Aaron Yuno Saiki Ailton Arantes Cunha Ana Carolina Laudares Andressa Mirely da Silva Anita Fernandes Andere Ardiles Montenegro Beatriz Siqueira Lobo Vianna Beatriz Vilhena Alvarenga Bruna Aparecida Candido Camila Mika Sassai Sato Cindyneia Ramos Cantanhêde Cleice Tabita Bispo de Oliveira Débora Dietrich Ribeiro Deborah Setera Kövesi Diogo Viana da Silva Driele Piva Fábio Alexandre Gomes Felipe de Morais Dalosto Flavio Fernandes da Silva Gabriela Matone Ejchel Gabriella Lalli Martins Giulia Azevedo Guilherme Silva Lemos José Eduardo Villela Juliana Kagami Kelvin Romero Kenia Saraiva Ribeiro Laura Vitor Resende Layse Cristina Silva Garcia Letícia Pires Moraes Lorena Bernardes

Lucas D’nillo Silva Sousa Lucas Rodrigues Lomelino Luís Gustavo Batista Leite Maraí Fernandes Gomes Maria Clara Corrêa Mariane Roccelo Bonvicini Marina Machado Oliveira Matheus Guedes da Cruz Michele Puga Sarubbi Michelle Paula Berte Nogueira Natalia Rosa Muniz Sierpinski Nathalia Rosa Pamela Cristina Soares Pedro Eletherio Pedro Henrique Conegundes Carraro Arsenio Rita Reis Rodrigo de Mata Marangon Suria Moustapha Barbosa Thais Cardoso de Oliveira Tito Ferraz Ribeiro Vitor Soares Freitas Yasmim Sumitani Yasmin Makhamid

TEXT Letícia Moraes Tatyane Mendes

EDITING Letícia Moraes

DESIGN AND DIAGRAMMING Estúdio Nono

2021 – Annual Report • 69

Message from the Board THE LAST TWO YEARS alone would be enough for us to reflect on how much the world has changed. Proof of this are the innumerous times that we heard the expression “new normal” or that we talked about the “pospandemic” expectations for our lives. Imagine, then, if we were to look at the transformations that have taken place since 1991. We would spend hours talking about everything that has changed in society, businesses, and governments over the past 30 years. Just to give a few examples, we can mention the advent of the internet as a fundamental element of our daily lives, the democratization of information, the creation of disruptive technologies that have altered the way we consume and that have revolutionized entire markets. In such different scenarios, it would be incoherent to think that our concept of Leadership would not need to also evolve to keep up with the trends of what happens around us. Leaders exist to generate transformations and to engage society in search for solutions to complex problems. This means that we need to be flexible when facing change. We must face this increasingly challenging present with the ambition to be contemporaries of our own time. There is no

70 • Annual Report – 2021

longer room to embrace a single perspective or worldview because the collective intelligence is greater than individual intelligence. As part of the whole, we need to update ourselves, redefine concepts, and learn in a continuous way. This is the only way we will ensure the relevance of the impact we generate. Therefore, the celebration of the 30th anniversary of Fundação Estudar is, above all, an invitation to share knowledge and to debate reality, focusing on key issues such as Health, Technology, Environment, and Democracy, thinking about the future we want to create. This is the only way to become Leaders of the future, those who will really make the changes that Brazil needs. So, those who are part of this network of people who are in constant evolution in the search for a more prosperous country, thank you very much!

FLORIAN BARTUNEK Fundação Estudar Board President

Annual Report 2021 - Fundação Estudar

Articles inside

MESSAGE FROM THE BOARD

TRANSFORMATIONS GENERATING TRANSFORMATIONS

MEET THE NEW GENERATION OF ESTUDAR LEADERS

OPENING MESSAGE

INFORMING AND DEVELOPING GOOD PEOPLE IN SCALE