{"47342":{"#nid":"47342","#data":{"type":"news","title":"College of Management Receives $25 Million Anonymous Commitment","body":[{"value":"\u003Cp\u003EThe \u003Ca href=\u0022http:\/\/mgt.gatech.edu\/\u0022\u003ECollege of Management\u003C\/a\u003E at the Georgia Institute of Technology today announced an anonymous commitment of $25 million, $20 million of which is a 1-to-1 challenge grant designed to inspire charitable gifts and commitments from other donors to the College\u0027s endowment. The remaining $5 million will provide funds expendable at the discretion of the College of Management\u0027s dean, Steve Salbu.\u003Cbr \/\u003E\u003Cbr \/\u003EThe goal of the challenge grant is to provide a financial foundation that will allow the College to more than double its current endowment within five years. This growth in endowment will provide dramatically increased private support for the College\u0027s core funding priorities, including endowed faculty chairs and professorships, undergraduate student scholarships, and graduate student fellowships.\u003Cbr \/\u003E\u003Cbr \/\u003E\u0022We are in direct competition with the nation\u0027s best business schools,\u0022 says Salbu. \u0022In order to compete effectively, we must have the resources to attract and retain the finest faculty at all career stages because world-class faculty members are what drive the College\u0027s national and international reputation. The same holds true with our students. It is imperative that we endow substantial numbers of undergraduate scholarships and graduate fellowships. Our goal is to lead the top business schools in attracting and supporting the very best student talent.\u0022\u003Cbr \/\u003E\u003Cbr \/\u003EThe College of Management\u0027s reputation has grown tremendously in recent years, as evidenced by increasingly higher positions in annual rankings of America\u0027s best business schools. U.S. News \u0026amp; World Report ranks the College\u0027s MBA program at No. 22 nationally (No. 7 among public universities), while the undergraduate program ranks at No. 31. BusinessWeek ranks the MBA program No. 3 in its \u0022Most Improved MBA Program\u0022 category and ranks the entire College at No. 7 in the \u0022Most Innovative Management Curriculum\u0022 category.\u003Cbr \/\u003E\u003Cbr \/\u003ETo participate in the challenge, donors must make a qualifying gift or multi-year commitment to be fulfilled within five years. Those gifts and pledge payments will be matched dollar-for-dollar by the anonymous donor. Fundraising for the challenge is expected to conclude no later than June 30, 2012, though pledge payments may extend up to five years from the date of a participating donor\u0027s commitment.\u003Cbr \/\u003E\u003Cbr \/\u003E\u0022With this gift, we have an opportunity to move Georgia Tech\u0027s College of Management to the very top tier of the world\u0027s preeminent business schools of management and technology,\u0022 says Georgia Tech President G. P. \u0022Bud\u0022 Peterson.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":[{"value":"Donor aims to build endowments for faculty, student, and program enrichment support through challenge grant"}],"field_summary":[{"value":"The College of Management at the Georgia Institute of Technology today announced an anonymous commitment of $25 million, $20 million of which is a 1-to-1 challenge grant designed to inspire charitable gifts and commitments from other donors to the College\u0027s endowment. The remaining $5 million will provide funds expendable at the discretion of the College of Management\u0027s dean, Steve Salbu.","format":"limited_html"}],"field_summary_sentence":[{"value":"$20 million of commitment is a challenge grant"}],"uid":"27304","created_gmt":"2009-11-06 10:46:12","changed_gmt":"2016-10-08 03:03:45","author":"Matthew Nagel","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2009-11-06T00:00:00-05:00","iso_date":"2009-11-06T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"hg_media":{"40213":{"id":"40213","type":"image","title":"College of Management","body":null,"created":"1449174171","gmt_created":"2015-12-03 20:22:51","changed":"1475894275","gmt_changed":"2016-10-08 02:37:55"}},"media_ids":["40213"],"related_links":[{"url":"http:\/\/mgt.gatech.edu\/","title":"Georgia Tech College of Management"}],"groups":[{"id":"1183","name":"Home"}],"categories":[{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"7761","name":"Campaign"},{"id":"2008","name":"College of Management"},{"id":"7760","name":"Commitment"},{"id":"351","name":"development"},{"id":"266","name":"donation"},{"id":"109","name":"Georgia Tech"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Cstrong\u003ELisa Grovenstein\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EDirector of Public Relations\u003C\/p\u003E\u003Cp\u003E404-894-8835\u003C\/p\u003E","format":"limited_html"}],"email":["Lisa.Grovenstein@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}