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 word giving:
“We have no participation in Being, because all human nature is ever midway between being born and dying, giving off only a vague image and shadow of itself, and a weak and uncertain opinion. And if you chance to fix your thoughts on trying to grasp its essence, it would be neither more nor less than if your tried to clutch water.”
—Michel de Montaigne (1533–1592)
“A lifeless planet. And yet, yet still serving a useful purpose, I hope. Yes, a sun. Warming the surface of some other world. Giving light to those who may need it.”
—Franklin Coen, and Joseph Newman. Exeter (Jeff Morrow)