UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS Annual Fund Impact Report 2018–19 Thank you. Your gift is making it possible for the University of Chicago Booth School of Business to empower bold thinkers and inquisitive minds to dig deeper, discover more, and shape the future. Annual Fund Impact The Chicago Booth Annual Fund had a strong fiscal year 2019 (July 1, 2018–June 30, 2019), with $10,737,935 in unrestricted funding. The Annual Fund also continues to shatter goals for the University of Chicago Campaign: Inquiry and Impact, which will come to a close December 2019. The Annual Fund has raised more than $119.6 million since that campaign began. Your gifts to the Annual Fund made the following possible: • CURRICULAR INNOVATION: Chicago Booth offers a • GLOBAL INITIATIVES: Chicago Booth will relocate its flexible, multidisciplinary approach to the study of current campus in London in late spring 2020. Booth’s business. Booth added 12 new courses for the 2018–19 campus will move to One Bartholomew Close in Barts academic year, including “Diversity in Organizations,” Square, a short walk from St. Paul’s Cathedral and the “Strategic Investment Decisions,” and “Corporate Social Museum of London. This recommitment to the Executive Responsibility Practicum.” Booth’s curriculum exemplifies MBA Program in London will strengthen our impact across the school’s unique and challenging environment and the globe, reflecting an international approach to thinking prepares students for any business challenge at any point about business and finance. in their careers. • SCHOLARSHIPS: One of our key priorities is to attract the • FACULTY RESEARCH: The influential ideas of Booth’s best talent and enroll every student with great promise. In world-renowned faculty are being recognized around the the last two years, strong support for the Annual Fund has globe. In 2018, Sendhil Mullainathan, Roman Family allowed the school to increase scholarship funding across University Professor of Computation and Behavioral all MBA programs by 40 percent. Scholarship recipient Science at Chicago Booth, was awarded the Infosys Prize Ridhika Agarwal recently reflected on why she chose to in Social Sciences for his creative and unique approach attend Chicago Booth, describing hands-on experience and to public finance, development, corporate governance, a dynamic, fast-paced environment as contributing factors and policy design. The award is given each year to honor to her decision. “While at school, this scholarship allows outstanding achievements of contemporary researchers. me to live the experience more fully,” Agarwal said of her Its goal is to elevate the prestige of science and research scholarship support. in India and inspire young Indians to choose a vocation in research. ANNUAL FUND PROGRESS 2013–14 2014–15 2015–16 2016–17 2017–18 2018–19 Dollars (in millions) $6.00 $6.30 $7.70 $8.98 $11.10 $10.74 Donors 8,129 8,393 7,998 8,437 8,101 8,167 Dean’s Challenge CHALLENGE COMPLETE! May 1–June 1 CHALLENGE GOAL MET! 0 250K 500K Strong alumni support of the Annual Fund is foundational to fully realizing dean Madhav V. Rajan’s goals for Chicago Booth. To champion the dean’s priorities, John Amboian, AB ’83, MBA $1,124,373 ’84, Ann Nicholson and Jim Nicholson, ’67, Bob ($624,373 in gifts + $500,000 from challengers) Rothman, ’77, Bill Stein, ’94, and an anonymous total dollars raised donor challenged the alumni community this spring. They offered $500,000 in funds— matching all gifts 1:1 from May 1 to June 1, 2019. The challenge raised $624,373 for the school to 825 59 put to use immediately. donors gave in first-time Chicago response to the Booth Annual Fund challenge donors Giving Day The Booth community surpassed expectations for Giving Day—raising $400,000 with 786 gifts for the university-wide, 24-hour event. This was by far the most successful Giving Day Chicago Booth has ever had. Overall, the University of Chicago collectively raised $4,680,553 during Giving Day 2019 and reached donors from all seven continents. Warren Speth, ’19, J.P. Lauz Del Rosario, ’19, Chrishantha Vedhanayagam, ’19, and current students in the Full-Time MBA Program, Eva Li and Micah Friedman, shared what they are grateful for on Giving Day. Five for the Future The Five for the Future Challenge builds up to Chicago Booth’s 125th anniversary in 2023. Amy Wallman, ’75, and Richard Wallman, ’74, generously contributed $5 million to the Annual Fund with a challenge to inspire the school’s next generation of alumni leaders. The challenge matches 1:1 all Annual Fund donors who make a five-year pledge of $2,500 or more. Since the challenge launched in October 2018, more than $2.5 million dollars have been pledged from 177 donors. Dollars Pledged (millions) $2,528,008 $0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 Motivated by the challenge, the class of 2019 made more than twice as many five-year pledges of $2,500 or more than the class of 2018 did in its graduating year. 91 120 donors in a reunion year donors upgraded their giving to stepped up to participate in participate in Five for the Future, the match, which resulted contributing more than $1.7 in a record-breaking year for million in additional funds reunion fundraising Class Reunions More than 1,476 alumni attended Reconnect 2019. 1,942 alumni from the first- to 50-year reunions contributed $37,368,268 to the school in honor of their reunions. This compares to the reunion classes that raised $9.1 million in 2018 and $13 million in 2017. In the second year of reunion fundraising for the Executive MBA Program, XP alumni celebrating a reunion year raised an additional $1,316,027 in honor of their reunions. The Class of 1994 band, the Lounge Cox, performed at both Friday and Saturday night events. • Classes of 1974, 1979, 1989, 1994, 1999, 2004, 2009, 2014, 2016, and 2018 met and exceeded their dollar goals. Reconnect 2019 included the first Reunion Leadership • Classes of 1974, 1979, 1984, 1989, 1994, 1999, Reception hosted by Dean and 2004 more than tripled their fundraising from Rajan on Friday evening their last reunion in 2014. before the class dinners, • Classes of 1989 and 1999 increased their donor with 101 reunion volunteers numbers from their last reunion in 2014. and Dean’s Society donors in attendance. Class Gift The class gift campaign at 2019 Class Gift Campaign: Why I Give Chicago Booth is the beginning of a lifelong “ One of the most important things tradition of annually about Booth, and the characteristic I like the most, is the pay-it- supporting Booth with time, forward culture. The focus on effort, and dollars. By giving, paying forward helps create the right atmosphere of support and each class makes a public commitment to enhances a sense of belonging. I investing in the school, ensuring the continued have seen it throughout my time here, and I have benefited from success of the institution and participating in a other students donating their robust philanthropic community that supports time or resources to help me achieve my goals … I would like to essential Booth programs. continue giving back to our school as many have done before me and The Full-Time MBA Program class of 2019 supporting future generations was incredibly generous this year, raising to make our community even stronger.” $195,866 with 94 percent of the class DIEGO MARTIN DEL CAMPO participating with a gift. LUDLOW, ’19 “ When I found out that over 25 percent of Booth’s funding comes Chicago Booth Class Gift 2019 from alumni donations, I knew I had to join in. I’m so grateful for all of the opportunities—personal, The class of 2019 raised professional, and social—that have been available throughout the past two years. I’m thrilled to be giving back to a community that has given me so much. I want to $195,866 continue building Booth’s legacy so that Booth continues to attract incredible people and future students are as impressed by their classmates as I am by everyone I 94% interact with every day.” of the class participated REBECCA PRITZKER, ’19 Dean’s Society Giving Roster Thank you to our alumni and friends who supported Chicago Booth at the Dean’s Society level in fiscal year 2019. All donors who gave $2,500 or more to the Chicago Booth Annual Fund from July 1, 2018–June 30, 2019, are recognized as Dean’s Society donors. CHALLENGER Michelle Liem, ’89, and David Lee Aparna Seethepalli and Sarvesh P. Lisa Rigsbee and Stephen Rigsbee, $100,000 or more Chuck McQuaid, ’76, and Jagannivas, ’98 AM ’83, MBA ’84 Monica McQuaid Howard E. Jessen, ’68 (XP-24) Andrew M. Alper, AB ’80, MBA ’81, John Amboian, AB ’83, ’84, and Amelia Maccoun Morris, ’86 Barbara Jones and Robert C. Jones and Sharon Sadow Alper, AB ’80, Ann Lee Amboian, AB ’83 JD ’84 Sharon L. Moulder and Leon George Kadifa, ’89, and David G. Booth, ’71 Moulder, ’97 (XP-66) Sally R. Kadifa Liz Sandler and Randal Sandler, ’94 Dennis Chookaszian, ’68, and Thomas John Otterbein, ’94, and Ed Kaplan, ’71, Carol Kaplan, and Karen and Gus Sauter, ’80 Karen Chookaszian Victoria Otterbein the Kaplan Foundation Myron Scholes, MBA ’64, PhD ’70 Renaud de Planta, ’87, and Dennis Stattman, ’80 Karen L. Katen, AB ’70, MBA ’74 Coralie Schwartz and Stephen Marina de Planta Therese L. Wareham, ’82 Elizabeth Keenoy and Peter C. Schwartz, ’87 Anton Golobic, ’71 Keenoy, ’84 Allan C.