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Alumni Association

 

SBSBAA Endowment

In 1991, the Stanford Business School Black Alumni Association announced the establishment of the Stanford Business School Black Alumni Association Endowment Fund.

Purpose of Fund

  • Raise donations from individuals, corporations, and foundations to increase the dollars available at the GSB for developing and promoting black and minority issues.
  • Build a stronger partnership between the black alumni and the GSB.

Fund Market Value

With the help of many alumni, the fund is accomplishing several of its objectives in the original pledge and purpose statement below. As of August 2006, the fund had a market value of $500,725. Annually, approximately 5% of the fund has been utilized toward the original goals which include minority MBA, Ph.D, and faculty recruiting as well as minority faculty research work.

Original Pledge and Purpose Statement

A pledge to give $50,000 to endow the Stanford Business School Black Alumni Association fund. For investment purposes, gifts to the Fund may be merged with any of the general investment assets of Stanford University, but they shall be entered in the University's books and records as the Stanford Business School Black Alumni Association (SBSBAA) Endowment Fund.

Until such time as (the fund) reaches the $50,000 mark, all income and appreciation of the Fund's principal shall be returned to the Fund. As soon as the SBSBAA Endowment Fund reaches $50,000, the Board of Trustees of the Leland Stanford Junior University shall use so much of the Fund income as it shall determine, and in its discretion, part or all of the appreciation of the Fund principal, to provide unrestricted funds to the Stanford Graduate School of Business, which shall be used at the Dean's discretion.

It is (the donors') preference that the annual income and/or appreciation of the Fund's principal be used to support recruiting and retention of black students, faculty, and administrators; recruiting visiting black faculty; conducting faculty research on minority issues in business; writing case studies about black-owned businesses and/or managers; engaging speakers on minority issues at the Graduate School of Business; and underwriting ad hoc support for alumni recruiting activities (e.g. Black Business School Students Association (BBSA) annual conference).

A meeting between the Dean of the Graduate School of Business and the SBSBAA President and Executive Board shall be held annually to determine the specific designation of the Fund's income.

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