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Spring 2013 Newsletter
Ellen B. Strickler ’78 Loan Assistance Fund Established
School Remembers Senator Frank R. Lautenberg
What Is the Best Way of Innovating for Social Change?
Students begin Social Enterprise Summer Fellowships
The Social Enterprise Program Launches the Spark Social Venture Workshop series!
SEP in the News
Elizabeth B. Strickler ’86 and Mark T. Gallogly ’86 have made a generous gift to Columbia Business School to establish a loan assistance fund in honor of Ms. Strickler’s mother, Ellen B. Strickler ’78.
Run through the School’s Social Enterprise Program (SEP), the Ellen B. Strickler ’78 Loan Assistance Fund encourages MBA graduates to pursue management positions in the public and nonprofit sectors by helping to alleviate the financial burden associated with repaying education loans. Typically, these sectors pay lower salaries than private industry but have unmet needs that Columbia graduates are able to address.
The daughter of Danish immigrants, Ellen Strickler graduated from Smith College in 1957 with a degree in history and later pursued accounting, marketing, and finance at Columbia Business School. In her career, she worked in various positions in marketing with Citibank and Chase Manhattan Bank. During that time, she recognized an underserved niche in the area of financial planning for individuals. In 1986, Strickler became a licensed Certified Financial Planner and developed a client base that primarily focused on women with limited experience in asset allocation and long-term financial planning. She ran an independent practice until her retirement in 2008. Read more.
Senator Frank R. Lautenberg, a 1949 Columbia Business School graduate and a member School’s Board of Overseers, died on June 3 due to complications from viral pneumonia. He was 89. The senior senator from New Jersey, Lautenberg had a long, accomplished career in both the private and public sectors.
He also had a profound, positive impact on Columbia Business School. Senator Lautenberg had been a member of the Board of Overseers since 1991 and had served on the Social Enterprise Program’s Advisory Board. He was honored twice at the School’s Annual Dinner—once for his Board of Overseers leadership and once for his leadership in government. In 2001, Senator Lautenberg established the Frank R. Lautenberg Professorship of Ethics and Corporate Governance at Columbia Business School. The inaugural and current Lautenberg Professor is Ray Horton.
“Senator Lautenberg’s record of achievement in business and government stands as an inspiration not only to the Columbia Business School students who follow in his academic footsteps, but also to current and future generations of leaders,” said Dean Glenn Hubbard. “We at the School have been truly privileged to be able to count on his steadfast support and involvement, and he will be missed.” Read more.
This article was originally published in The Financial Times.
Profs. Fisman and Usher, co-directors of the Social Enterprise Program, discuss the importance of equipping student entrepreneurs with the frameworks and ideas that will help them in innovating for social change. Read more.
As summer 2013 begins, students will start to receive funding from the Social Enterprise Summer Fellowship (SESF) Fund to work at organizations as diverse as nonprofits, government or nongovernmental organizations, for- and nonprofit social ventures, and social venture capital firms. Columbia students participating in SESF provide organizations and social entrepreneurs that create social and environmental value with access to MBA-level talent that they otherwise could not afford to hire. SESF also provides students with the opportunity to apply their MBA skills to practical issues faced by organizations in the field.
The types of organizations that the students will be working at varies and includes Education Pioneers, Ashoka, the Robin Hood Foundation, DC-Cam, Enterprise Solutions to Poverty, the Natural Resources Defense Council, New York Presbyterian Hospital, Endeavor Global, SalaUno and more. Here are two examples of SESF projects; one located domestically and one internationally based.
Jennifer Shea ’14 will be working for education-technology startup DeansList, which was begun by two Columbia Business School students, Akshai Patel ’13 and Matthew Robins ’13. DeansList is an education technology start-up that provides highly customizable, cloud-based software to help educators track student data in order to improve community culture and student behavior. Jen is serving as a marketing and business development intern where she utilized her marketing research skills to narrow down DeansList’s target customer segments, develop a marketing plan focused on addressing schools’ needs, and refine the organization’s sales strategy. She will have the opportunity to participate in pitches to angel investors looking to support for-profit organizations with an overriding social mission, engage in sales meetings, and meet with leaders in the social entrepreneurship space.
Jon Saunders '14 will be working with Tugende, a for-profit social enterprise based in Kampala, Uganda. Tugende helps safe, reliable motorcycle taxi (bod a-bod a) drivers buy their own motorcycles, giving them the means to control their own tools of employment and kick starting a path to financial independence. During his time with Tugende, Jon will focus on financial modeling, which will help Tugende better understand their own operations and make the company more appealing to investors. Jon is also going to be developing a program to help Tugende gather and analyze the overall social impact these micro-loans were having on the drivers' lives. In addition, he will work closely with the CEO in developing Tugende's forward-looking strategy.
To see other summer fellowship projects, visit: http://columbiasocialenterprise.org/summerfellows/.
Spark provides Social innovators with an opportunity to explore resources, connections and potential solutions to help their social ventures, by tapping the collective knowledge within Columbia University, and the larger entrepreneurial and social impact community in the New York area and beyond.
This workshop is open to all who are willing to bring their ideas, experience, and connections to help solve social and environmental challenges that these social innovators aim to address.
If you are unable to attend the above events but would like more information on Spark, please register for our mailing list: http://ow.ly/lvtQb
For more information, or if you would like to suggest a future Spark workshop, please contact:
Diana Rambeau: ddr2121columbia.edu
This event is supported by the Social Enterprise Program, the Eugene Lang Entrepreneurship Center and the Social Enterprise Club at Columbia Business School.
Save the Date for upcoming Spark Workshops:
Social Sushi with Jay Rayford, moderated by Rachel Jacobs '02, Inzenka
Tuesday, June 11 at 6:30 – 9:00 p.m.
Patronicity with Chris Blauvelt, moderated by Rachel Jacobs '02, Inzenka
Tuesday, June 25 at 6:30 – 9:00 p.m.
International Social Entrepreneurship with Selen Ucak, American Turkish Society
Tuesday, July 9 at 6:30 – 9:00 p.m.
Defy with Catherine Rohr
Tuesday, July 23 at 6:30 – 9:00 p.m.
Tuesday, August 6 at 6:30 – 9:00 p.m.
We are currently taking suggestions for this session. If you would like to co host, or have suggestions, please email Diana Rambeau
Social Venture Innovators
Founder and CEO
Lending money to entrepreneurs whose endeavors are too large to receive microfinance loans but too small and risky to receive funding from traditional banks.
Founder and CEO
Hiring unemployed residents of financially underserved communities to install solar and energy-efficient technology for small businesses, nonprofits, and affordable housing.
Leveraging crowdfunding technology to reduce preventable maternal and neonatal deaths and disability.
View the Tamer Center for Social Enterprise brochure, Empowering Leaders to Change the World