Class of 2014 sets class gift records

MBA/LGO and Executive MBA students give more and at greater numbers than ever before

August 7, 2014

Students in the Class of 2014 MBA convocation ceremony in June

Students in the Class of 2014 MBA convocation ceremony in June

The MIT Sloan MBA/Leaders for Global Operations Class of 2014 contributed more than $300,000 to its class gift in support of the MIT Sloan Annual Fund, a record-breaking show of support for faculty research, student fellowships, program development, and other initiatives at the school.

Ninety-three percent of the class contributed to the gift, surpassing the 89 percent record held by the Class of 2011. The MBA class gift includes students in the MIT Leaders for Global Operations program, who receive both an MBA and a master’s degree from the MIT School of Engineering. Together, the students raised $311,164 in cash and pledges for the gift.

“We really wanted to set the standard going forward for other classes to come,” said John Ghirardelli, MBA ’14, one of three class gift co-chairs. “Not only to challenge our class, but to challenge the alumni, challenge the classes behind us, and really challenge the students who would eventually enroll in Sloan so they knew from day one that philanthropy and giving back is part of the DNA of this place, and that everybody is a stakeholder.”

Ghirardelli attributed the class gift success to a “collaborative approach” that included a 24-member class gift committee and a number of other classmates he said worked behind the scenes to drum up support. The committee also ran a speaker series to demonstrate how class gift contributions support students and research at MIT Sloan.

Every 2014 graduate of the MIT Executive MBA program contributed to the program’s class gift, marking the second year in a row of 100 percent participation. The class raised a record $433,459 in gifts and pledges, with 49 members giving at the Dean’s Circle level of $500 or more, many with pledges of $1,000 per year over the next four years. Every member of the MIT Executive MBA Class of 2015 contributed to the Class of 2014 gift, a first for the school.

Students in the MIT Sloan Fellows Program in Innovation and Global Leadership raised $18,000 in gifts and pledges with seven percent participation. Students in the Master of Finance program raised $8,408 for their class gift with 44 percent participation. The Master of Science in Management Studies class raised $2,630 with 77 percent participation.