A new fellowship program at the Indiana University Kelley School of Business will support a growing number of undergraduate students who combine business interests with community service and social entrepreneurship.
The fellowship program will be established with a $5 million gift from a Kelley alumnus and his wife, who wish to remain anonymous.
Students in the program will receive fellowships that will provide for tuition and fees, room and board, books, and a semester abroad, minus any other fellowships/scholarships the students receive from other sources.
The fellowships will be renewable if students remain in good academic standing as business majors, with a minimum grade point average of 3.0 on a 4.0 scale. Only students from Indiana will be eligible.
Unlike other fellowship/scholarship programs at Kelley, these students will be required to participate in service opportunities, particularly those offered by the Kelley Institute for Social Impact.
The donors are committed to developing new leaders in philanthropy, both within the world of non-profits and non-governmental organizations and also within the business world.
Idalene "Idie" Kesner, dean of the IU Kelley School of Business and the Frank P. Popoff Chair of Strategic Management, said this gift will add to the school's legacy of offering programs and courses over the past quarter century that encourage students to think about the impact of their work on others in their communities and beyond.
“At Kelley, we believe that succeeding together is a greater achievement than going it alone and that business can – and should be – personal,” Kesner said. This fellowship reflects those beliefs and instills the importance of paying it forward.”
The Kelley Institute for Social Impact coordinates semester-long internships with non-profit organizations, alternative spring break programs and immersive internships in developing countries such as Uganda, Ghana, India, Bolivia, Argentina, and Nicaragua.
Each fall, Kelley students, faculty and staff partner with their peers across campus to build a new home for a deserving family, in partnership with Whirlpool Corp., with Habitat for Humanity of Monroe County.
The Kelley Institute for Social Impact also coordinates spring break trips that enable students to work with social service organizations. Previous projects have included those dealing with poverty and homelessness in San Diego and conservation and sustainability in Ecuador. It also partners with more than 30 non-profits in southcentral Indiana.