Annual giving to the HBS Fund for Leadership and Innovation ensures that the School has the unrestricted resources needed to advance its mission of educating leaders who make a difference in the world. In addition to supporting core priorities, the HBS Fund enables the School to act quickly and thoughtfully to harness new ideas—similar to venture capital funding.

Gifts from alumni and friends to the HBS Fund, combined with restricted current-use gifts and the payout from the endowment (revenue from past gifts), represent more than a quarter of the School’s annual operating revenue.

Areas of Impact

Donors to the HBS Fund can choose to support a specific area that is important to them, or have the School direct their gift to wherever it is most needed.

Student Financial Aid

Need-based fellowships enable the School to attract the most talented students regardless of their financial circumstances. Fellowships also reduce the pressure of loan debt and enable graduates to explore and pursue a broader range of career opportunities.

Educational Innovation

While the case method remains at the core of the curriculum, innovation ensures that HBS continues to provide management education that shapes future leaders. Recent enhancements include more hands-on learning plus online content offered through HBX.

Global Understanding

HBS is committed to providing an educational experience that is unmatched in its global breadth of analysis and understanding. Toward that end, the School develops international cases and courses and creates opportunities for students and faculty to gain firsthand experience in markets around the world.

Pathbreaking Research

Faculty research serves as the foundation of all HBS educational programs and is disseminated to the business and academic communities throughout the world. Donor support enables the HBS faculty to pursue ideas with power in practice without the constraints of seeking external grants.

University Collaborations

HBS works with faculty members and students across Harvard University to build bridges between business and the fields of medicine, science, engineering, education, law, and public policy. The School also serves as a Harvard-wide catalyst for innovation and entrepreneurship.

HBS Fund Investors Society

Alumni and friends who want to expand their impact on the work of the School are invited to join the HBS Fund Investors Society. Annual membership—based on the donor's total outright gifts and pledge payments to the HBS Fund in that year—provides special recognition and engagement opportunities, as shown below.

  • $5k+
    Recognition in the Investors Society annual report and other HBS publications; information on the impact of leadership gifts to the HBS Fund, and invitations to selected events and programs
    Alumni from classes 0–9 years out qualify for membership with a $1K+ outright annual gift or pledge payment.
  • $10k+

    Above benefits plus a specially selected HBS publication

  • $25k+

    Above benefits plus an invitation to the annual Fellowship Celebration, featuring an afternoon program and dinner with current MBA students (for gifts made July through March)

  • $100K+

    Innovators Circle
    Above benefits plus recognition on the HBS campus and invitations to special engagements with School leadership

  • For more information, contact Joanna Bakule, Senior Director, Annual and Reunion Giving, at or 617-495-2353


Did You Know?


Giving to the HBS Fund for Leadership and Innovation is the most powerful way for alumni and friends to directly and immediately benefit all HBS students and faculty. Gifts of all sizes make a difference.




Median gift


Gifts under $1,000 =



Total cash gifts to the HBS Fund

*All data pertain to fiscal year 2017.