Giving Back
GMAC sponsors and supports a number of volunteer and grant opportunities. Established in 2008, the GMAC Management Education for Tomorrow Fund (MET Fund) is a $10 million commitment toward strategic philanthropic initiatives that benefit graduate management students, faculty and institutions. The Ideas to Innovation Challenge (i2i) was established in 2011 and featured the submission of 650 ideas to improve graduate management education. Of these 650 ideas, 20 were chosen to be implemented through proposals from schools and other educational institutions. On April 17, 2012, the MET Fund announced US$7.1 million in grants to 12 schools and organizations that submitted the most creative implementation plans.
In 2005, GMAC launched TeamMBA in 2005, a global initiative for community service by students in graduate management programs. TeamMBA provides a way to promote the goodwill of the MBA by encouraging students to participate in community service projects. Since launching TeamMBA, hundreds of students, staff, and faculty from scores of schools have donated thousands of volunteer hours and raised hundreds of thousands of dollars for charities and community organizations.
Read more about this topic: Graduate Management Admission Council
Famous quotes containing the words giving back and/or giving:
“Closed like confessionals, they thread
Loud noons of cities, giving back
None of the glances they absorb.”
—Philip Larkin (1922–1986)
“The narcissistic, the domineering, the possessive woman can succeed in being a “loving” mother as long as the child is small. Only the really loving woman, the woman who is happier in giving than in taking, who is firmly rooted in her own existence, can be a loving mother when the child is in the process of separation.”
—Erich Fromm (20th century)
“Giving money and power to government is like giving whiskey and car keys to teenage boys.”
—P.J. (Patrick Jake)