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:
“The reputation of generosity is to be purchased pretty cheap; it does not depend so much upon a man’s general expense, as it does upon his giving handsomely where it is proper to give at all. A man, for instance, who should give a servant four shillings, would pass for covetous, while he who gave him a crown, would be reckoned generous; so that the difference of those two opposite characters, turns upon one shilling.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“I take enormous pleasure every time I see something that I’ve done that cannot be wiped out. In some way ... I guess it’s a protest against mortality. But it’s been so much fun! It’s the curiosity that drives me. It’s making a difference in the world that prevents me from ever giving up.”
—Deborah Meier (b. 1931)