A transformational gift of €10 million from MBA alumnus

A transformational gift of €10 million from MBA alumnus
A transformational gift of €10 million from MBA alumnus

One of the single largest gifts received from an individual donor and an alumnus is set to boost entrepreneurship at INSEAD.

An INSEAD alumnus recently gifted €10 million in endowed funds to promote academic excellence in entrepreneurship,  a record in the school’s history.

The €10 million endowed fund will significantly strengthen the academic excellence that constitutes the foundation of INSEAD. The yield from this endowed gift will be invested to establish several academic positions and PhD scholarships, all dedicated to strengthening research, teaching and cultivating talent in the area of entrepreneurship.

As an independent business school, INSEAD’s financial foundation is boosted by the strength of its endowment which offers a stable source of funding for the school’s academic pursuits and sustainable progress.

“This generous gift will transform the entrepreneurial ecosystem at INSEAD as well as inspire and empower faculty, entrepreneurs, students and alumni around the globe,” said Ilian Mihov, Dean of INSEAD.

The gift comes from an alumnus who is a longstanding supporter of the school. With this latest gift,  his total contribution to INSEAD amounts to more than €20 million.

The donor who wishes to remain anonymous said about his generous gift, “INSEAD changed my life for the better. I want INSEAD to continue to excel in everything it does and to support it as an independent institution which needs donations from its alumni. As an entrepreneur myself, it is only natural that we support this strategic area and invest in future generations of INSEAD entrepreneurs.”

This momentous gift will drive the school’s capabilities to attract and develop the best faculty, enhance its research capacity and draw the best academic talent. 

Dean Mihov said, “On behalf of the entire INSEAD community, I would like to extend my gratitude to our donor for his exceptional financial support and confidence in INSEAD.”

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