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                                                                                                                                                                                                                                          Annual Contributors Report

                                                                                                                                                                                                                                          Contributors Report
                                                                                                                                                                                                                                          2021

                                                                                                                                                                                                                                          HBS is deeply grateful to the thousands of alumni and friends who include HBS in their philanthropy each year. The School’s efforts to fulfill its mission would not be possible without their generosity and dedication. This report recognizes and celebrates everyone who made gifts in fiscal year 2021 (July 1, 2020–June 30, 2021). Please scroll down to view donor profiles, stories illustrating the impact of philanthropy, fundraising results, and lists of donors and fundraising volunteers.
                                                                                                                                                                                                                                          “I believe that we all have a collective responsibility to preserve and strengthen this extraordinary institution—to meet the needs of students, alumni, and business and society more broadly for years to come. Through philanthropic support, alumni and friends play a vital role in shaping the School’s present and laying the groundwork for its future.”
                                                                                                                                                                                                                                          Dean Srikant Datar
                                                                                                                                                                                                                                          “I believe that we all have a collective responsibility to preserve and strengthen this extraordinary institution—to meet the needs of students, alumni, and business and society more broadly for years to come. Through philanthropic support, alumni and friends play a vital role in shaping the School’s present and laying the groundwork for its future.”
                                                                                                                                                                                                                                          Dean Srikant Datar
                                                                                                                                                                                                                                          Fiscal Year Highlights
                                                                                                                                                                                                                                          10,521
                                                                                                                                                                                                                                          Total donors
                                                                                                                                                                                                                                          $162M
                                                                                                                                                                                                                                          Total gifts & pledges
                                                                                                                                                                                                                                          30%
                                                                                                                                                                                                                                          Portion of HBS’s total revenue provided by philanthropy
                                                                                                                                                                                                                                          737
                                                                                                                                                                                                                                          First-time donors
                                                                                                                                                                                                                                          7,625
                                                                                                                                                                                                                                          Consistent donors (gave at least 4 of the last 5 years)
                                                                                                                                                                                                                                          237
                                                                                                                                                                                                                                          Gifts made in honor of former Dean Nitin Nohria
                                                                                                                                                                                                                                          HBS is pleased to recognize donors by class/program, giving societies, and more. The breadth and depth of donor support illustrates the collective impact of philanthropy at the School.

                                                                                                                                                                                                                                          At the outset of the pandemic, Reunion Campaigns slated to end in June 2020 were extended until June 2021 so that alumni could focus on their families, businesses, and communities. These donors are recognized in this report.

                                                                                                                                                                                                                                          View Donor Lists
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                                                                                                                                                                                                                                          HBS is pleased to recognize donors by class/program, giving societies, and more. The breadth and depth of donor support illustrates the collective impact of philanthropy at the School.

                                                                                                                                                                                                                                          At the outset of the pandemic, Reunion Campaigns slated to end in June 2020 were extended until June 2021 so that alumni could focus on their families, businesses, and communities. These donors are recognized in this report.

                                                                                                                                                                                                                                          Donor Lists (PDF)
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                                                                                                                                                                                                                                          Donors are vital partners in helping the School to fulfill its mission.
                                                                                                                                                                                                                                          Meet a few recent donors and learn what inspires them to support HBS.
                                                                                                                                                                                                                                          Brittanie Bowman

                                                                                                                                                                                                                                          Brittanie Bowman

                                                                                                                                                                                                                                          “As a young family, we were thrilled to receive fellowship support. It was a big deal for us. [My husband] Whitney wanted to make sure others had the same opportunities we did.”
                                                                                                                                                                                                                                          Sangu Delle (MBA 2016)

                                                                                                                                                                                                                                          Sangu Delle (MBA 2016)

                                                                                                                                                                                                                                          “I think that making a gift to Harvard has the highest return on investment. Harvard has the power to be a catalyst for change.”
                                                                                                                                                                                                                                          Ben (MBA 1991) and Victoria Lindendbaum (MBA 1994) Feder

                                                                                                                                                                                                                                          Ben (MBA 1991) and Victoria Lindendbaum (MBA 1994) Feder

                                                                                                                                                                                                                                          “If you trust the organization and the leadership, you want to give them the flexibility to put donor dollars where they are most urgently needed.”
                                                                                                                                                                                                                                          Prakash A. Melwani (MBA 1986)

                                                                                                                                                                                                                                          Prakash A. Melwani (MBA 1986)

                                                                                                                                                                                                                                          “Associate professors are the future of the School. I want to support the next generation as they come along.”
                                                                                                                                                                                                                                          Gifts in Action


                                                                                                                                                                                                                                          The impact of philanthropy in FY21 is evident across campus and beyond. Gifts strengthened HBS programs and priorities, which, in turn, supported students, faculty, and alumni, and made a difference in business and society. Here are just a few examples.

                                                                                                                                                                                                                                          Hybrid Learning the HBS Way

                                                                                                                                                                                                                                          HBS developed specially equipped hybrid classrooms that safely enabled both in-person and remote students around the world to participate simultaneously in case discussions.

                                                                                                                                                                                                                                          Tackling the World’s Most Difficult Challenges

                                                                                                                                                                                                                                          Faculty research illustrates how the School plays a role in addressing systemic challenges like climate change, health care, and wealth inequality.

                                                                                                                                                                                                                                          From Scholarship to Life-Saving Impact

                                                                                                                                                                                                                                          Nora Rabah (MS/MBA 2022), who grew up in an immigrant family without health care, aspires to make life-saving drugs more accessible and affordable as a biotech executive.

                                                                                                                                                                                                                                          Tulsa Massacre Case Fosters Timely Conversations

                                                                                                                                                                                                                                          A new case, taught to all first-year MBA students and available for free to the general public, considers how to address historic injustices, as well as the importance of having difficult conversations.

                                                                                                                                                                                                                                          Marking 10-Year Connection with Japanese Earthquake Region

                                                                                                                                                                                                                                          HBS hosted a virtual reunion to mark the 10-year anniversary of an annual Immersive Field Course in Japan that began after the 2011 earthquake, tsunami, and nuclear explosion.

                                                                                                                                                                                                                                          HBS-Harvard Collaboration Fosters New Ventures

                                                                                                                                                                                                                                          Student- and alumni-led ventures throughout the Harvard Innovation Labs ecosystem are developing products and services that address critical issues at the intersection of business and society.
                                                                                                                                                                                                                                          Appreciating Our Volunteers
                                                                                                                                                                                                                                          HBS relies on a dedicated group of 300+ alumni fundraising volunteers who, through their time and expertise, help raise the resources that enable the School to deliver on its mission. HBS is grateful for their loyalty and commitment in encouraging fellow alumni to support the School.

                                                                                                                                                                                                                                          HBS Fund Council members
                                                                                                                                                                                                                                          HBS Fund Investors Society class agents
                                                                                                                                                                                                                                          MBA class fundraising volunteers
                                                                                                                                                                                                                                          HBS Fund Giving
                                                                                                                                                                                                                                          “The HBS Fund provides the flexibility required to foster innovation, meet core needs, and pursue big ideas with global reach. HBS Fund donors enable the School to pursue an ambitious and important agenda with excellence.”
                                                                                                                                                                                                                                          Anna Spangler Nelson and Thomas C. Nelson (both MBA 1988)
                                                                                                                                                                                                                                          HBS Fund Chairs
                                                                                                                                                                                                                                          “The HBS Fund provides the flexibility required to foster innovation, meet core needs, and pursue big ideas with global reach. HBS Fund donors enable the School to pursue an ambitious and important agenda with excellence.”
                                                                                                                                                                                                                                          Anna Spangler Nelson and Thomas C. Nelson (both MBA 1988)
                                                                                                                                                                                                                                          HBS Fund Chairs
                                                                                                                                                                                                                                          9,986
                                                                                                                                                                                                                                          Total HBS Fund donors
                                                                                                                                                                                                                                          $
                                                                                                                                                                                                                                          37M
                                                                                                                                                                                                                                          Total HBS Fund gifts & pledges
                                                                                                                                                                                                                                          6,300+
                                                                                                                                                                                                                                          Gifts under $1K totaled $1.3M

                                                                                                                                                                                                                                          (equivalent to annual payout on a $25M endowment gift)



                                                                                                                                                                                                                                          HBS is grateful to the 1,607 alumni and friends who made leadership contributions to the HBS Fund in FY21—a new record! The generosity of these HBS Fund Investors Society members fuels innovation while also strengthening core programs and activities.

                                                                                                                                                                                                                                          View Member List (PDF)
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                                                                                                                                                                                                                                          1,607
                                                                                                                                                                                                                                          Total members
                                                                                                                                                                                                                                          1,087
                                                                                                                                                                                                                                          Renewed members
                                                                                                                                                                                                                                          213
                                                                                                                                                                                                                                          Young leader members

                                                                                                                                                                                                                                          (MBA alumni prior to their 10th Reunion)

                                                                                                                                                                                                                                          Planned Giving

                                                                                                                                                                                                                                          Through planned giving, donors use a variety of strategies and assets to support HBS during their lifetimes or at their passing. Through their foresight and generosity, they help shape the School for the 21st century and beyond.
                                                                                                                                                                                                                                          Planned Giving

                                                                                                                                                                                                                                          Through planned giving, donors use a variety of strategies and assets to support HBS during their lifetimes or at their passing. Through their foresight and generosity, they help shape the School for the 21st century and beyond.
                                                                                                                                                                                                                                          Stephen J. Ketchum (MBA 1990)
                                                                                                                                                                                                                                          While crafting his will, Ketchum recalled a conversation in which former Dean Nitin Nohria asked whether HBS had changed his life for the better. Ketchum's answer was an unequivocal “Yes,” which inspired him to think more broadly about his philanthropy and include a bequest to HBS in his estate plan.
                                                                                                                                                                                                                                          Stephen J. Ketchum (MBA 1990)
                                                                                                                                                                                                                                          While crafting his will, Ketchum recalled a conversation in which former Dean Nitin Nohria asked whether HBS had changed his life for the better. Ketchum's answer was an unequivocal “Yes,” which inspired him to think more broadly about his philanthropy and include a bequest to HBS in his estate plan.
                                                                                                                                                                                                                                          Named for a distinguished alumnus, the John C. Whitehead Society recognizes alumni and friends who make planned gifts to Harvard Business School.

                                                                                                                                                                                                                                          View Member List (PDF)
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                                                                                                                                                                                                                                          31
                                                                                                                                                                                                                                          New members in FY21
                                                                                                                                                                                                                                          734
                                                                                                                                                                                                                                          Total members
                                                                                                                                                                                                                                          $3M+
                                                                                                                                                                                                                                          Bequests received in FY21
                                                                                                                                                                                                                                          2018
                                                                                                                                                                                                                                          MBA class of youngest member
                                                                                                                                                                                                                                          1943
                                                                                                                                                                                                                                          MBA class of oldest member
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