As INSEAD is a nonprofit, private business school – unaffiliated with any university – fundraising holds an important place in our financial model. We rely solely on the excellence of our programmes to generate revenue to meet operational expenses but we need additional resources to invest in new, forward-looking initiatives that will develop INSEAD’s thought leadership, scholarship offerings and facilities.
Gifts to our school provide us with these resources. Directed to the school’s priorities, they allow us to attract the best faculty and students, create cutting-edge content and innovative learning experiences, and strengthen the school’s financial foundation by growing INSEAD’s endowment. Fundraising provides the crucial resources necessary for INSEAD to compete with peer top-tier schools and excel as an international leader in global management education.
In 2014/15, we exceeded our fundraising targets and plan to accelerate these efforts in the coming years. Private giving to INSEAD increased by 28% from €11.1 million in 2013/14 to €14.2 million in 2014/15.
increase in private donations in 2014/15
increase in donations over €25K
growth in donations over €1K
Fundraising highlights for 2014/15
Giving at all levels increased in 2014/15, demonstrating the confidence and trust of alumni and friends in the school and its mission. Two principal gifts of €5 million and €1.4 million had significant impact and major gifts of more than €25K increased by 69% with 49 donors making contributions at this level compared to 29 donors the year before.
The Dean’s Annual Fund, an initiative to build resources for strategic projects, saw a 26% increase in number of donors compared to the previous year.
The INSEAD Alumni Fund (IAF) continued to raise awareness amongst alumni about the importance of philanthropic support and investment in our school. With the dedicated, energetic and generous leadership of IAF Chairman, Leonidas Los, MBA’75, and his team along with the Advancement staff, the number of donors giving cash gifts of €1K and above grew by 13%.
Focused appeals generated strong participation and financial results. The memorial appeal for Professor Patrick Turner, highly esteemed Professor of Entrepreneurship, attracted €284K in cash from almost 400 donors to endow the MBA’78 Patrick Turner Venture Competition Prize.
The collective impact of gifts was substantial, raising the number of scholarships, boosting new areas of research and supporting strategic projects that are directly linked to INSEAD’s reputation and brand.
A number of donor recognition events took place during the year. Among them, the INSEAD Visionaries Conference, held on 12 September 2015, engaged major donors in stimulating, open dialogue with our Deans and faculty members as a way of inviting participation from top supporters in furthering the vision of the school.
As we passed the milestone of 50,000 alumni this year, our global network has never been stronger or more engaged.Joanne Shoveller
Associate Dean, Advancement and Alumni Relations
FUNDRAISING: INCREASE IN GIFTS OVER THE LAST FIVE YEARS IN € MILLION
At INSEAD, we are fortunate to have a vibrant, highly engaged global network of alumni. They are generous with their time and expertise with our students, applicants and the greater INSEAD community; they are amongst our most loyal donors; and they are INSEAD’s most ardent ambassadors.
Currently, the Alumni Relations team is focused on facilitating the lifelong relationship of our alumni with INSEAD – through exciting educational programmes, special events and a new online platform, MyINSEAD.
Gatherings, Events and Forums
This year, our National Alumni Associations (NAAs) have had great success in engaging alumni through hundreds of events that enrich our community. Global INSEAD Day, annually held on 12 September, illustrated the enthusiasm and commitment of our alumni as we celebrated in 75 cities across 47 countries in 2015. From small, intimate gatherings to large-scale events, Global INSEAD Day has become our flagship event for uniting alumni in their support for the school.
Beyond global and local events, many alumni attended the annual alumni forum events in Asia, the Americas and Europe in 2014/15. In Sydney, the forum, “Asia – the Next Act”, focused on fluctuations in the current state of affairs in Asia and strategic ways to engage in the region. At the INSEAD Americas Forum 2015 in Washington, faculty, alumni and community leaders delved into the topic of “Business as a Force for Good”. Finally, in Stresa, Italy at the alumni forum, “Europe at a Crossroad”, alumni from around the globe along with renowned experts explored Europe’s challenge to move away from stagnation and recession.
To enhance virtual involvement and streamline access to INSEAD, a new portal for our entire community was launched this year. MyINSEAD provides a suite of coordinated online offerings that is individualised and content-tailored to an alumnus at any point during their INSEAD journey, from admissions through student life to reunions.
Accessible from a wide range of devices, MyINSEAD offers a newly designed directory, information about local and global alumni events, along with institutional events, a choice of mailing lists to personally craft engagement, and access to the INSEAD Global Network (Yammer), our school’s and alumni associations’ social network.
MyINSEAD also gives alumni access to the latest online content from Salamander, our quarterly alumni magazine; INSEAD Knowledge, a publication showcasing our faculty’s research and business insight; and webinars from our faculty and alumni thought leaders.
The dedicated efforts of the Alumni Relations team led to implementation of specific programming across all three campuses and more interactions with students and alumni.
It’s been a year of strengthening existing relationships and fostering new ones. Going forward, we plan to continue to better the student/ alumni lifecycle, build solid alumni class programming and improve upon our lifelong learning and online services. Our success depends heavily on the hundreds of stakeholders and supporters who consistently pave the way for the success of our school.