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Business+Impact, a social impact learning initiative at the University of Michigan’s Ross School of Business, is set to benefit from a $1 million donation received by the school.
The gift comes courtesy of Applebaum Family Philanthropy. It will go toward Business+Impact’s efforts to support social impact learning, including in areas such as poverty, sustainability, and policy.
Thanks to the gift, Business+Impact will be able to establish a permanent endowment for scholarship and internship funding available to Business+Impact students. Ross anticipates that about 20 students will receive support each year through the Applebaum Impact Design Fellowship.
Michigan Ross Receives Over $1 Million For Business+Impact Initiative from the Generosity of the Applebaum Family
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ANN ARBOR, Mich., April 20, 2021 /PRNewswire/ The Stephen M. Ross School of Business at the University of Michigan has received more than $1 million as a result of a gift from the Applebaum Family Philanthropy to support its Business+Impact initiative, which focuses on multidisciplinary, action-based learning in social impact, sustainability, poverty alleviation, and related policy.
The gift will establish the Applebaum Family Business+Impact Experiences and Innovation Program at Michigan Ross. This new program will allow the school to enhance and expand its impact and design offerings, including the creation of a permanent endowment fund for need-based internships and scholarships to Business+Impact students.