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WEMBA class endows nonprofit scholarship

MBAs traditionally think of “business” as a profit-making venture. That mindset is changing. More and more nonprofit organizations are turning to business school graduates to help their operations succeed. Thanks to the WEMBA Class of 2005, Goizueta Business School will soon offer a scholarship for a nonprofit leader seeking an executive MBA.

The WEMBA Class of 2005 is a diverse group of students, says class representative Andy Abrams ’05WEMBA. “Our education was enhanced by the variety of students from diverse fields. The best professors were often our fellow classmates sitting in the room with us,” he explains. “As a class, it allowed us a rich educational experience, with a tremendous versatility of ideas.”

Even though their numbers were underrepresented in the student body, the students from nonprofits impressed their classmates with their unique insights on the world. “Their view point helped us learn different ways to analyze strategies and make economic decisions,” says Abrams. “So when it came to the class gift, we thought, ‘Why not endow a scholarship to enable future classes to benefit from this input and also assist students from the nonprofit community?’ ”

So enthused was the class that fundraising soared past the $75,000 goal. By the end of the class gift campaign, seventy-six students had raised $125,635. But an endowed scholarship requires further funding, so a group of ’05WEMBA alumni have formed the “1-BY-6” team to raise $1 million by the end of 2006. Emory University is assisting their efforts by allowing scholarship recipients to receive the nonprofit discount on tuition.

“We want to enable future students to enjoy the same richness of thought that we were exposed to, as well as to continue to attract the best and the brightest to Goizueta’s programs,” Abrams says. To make a contribution or get involved, contract Andy Abrams at andy.abrams@abramsindustries.com or Peter Stewart at peter.stewart@premiereglobal.com.

—Sarah Banick

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