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2014-15 Annual Report

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2014-15 Annual Report BARUCH COLLEGE FUND OFFICERS A letter from the Baruch College Fund President I am so proud to see that, with your help, Baruch is also changing in positive and dynamic ways. Dear Colleagues, On behalf of the Baruch College Fund (BCF), the supporting or business meeting. These are all things that can—and do— foundation for Baruch College, I am pleased to present our make a big diff erence in beginning one’s career. Annual Report for Fiscal Year 2015, and I want to thank all of In the pages of this Annual Report, I invite you to read about you who have helped make this a very successful year for the Starr and other exemplary programs—all BCF and for Baruch College. made possible by your generosity—that Most of us (myself included) know that landing support Baruch students in nontraditional a fi rst job post-college has never been easy. ways, including stipends that enable deserving A college degree alone is not enough to open students to take unpaid internships and fl exible doors. In order to be competitive, graduates course options that allow them to be employed need a powerful résumé, poise and confi dence while keeping their Baruch coursework on track when interviewing, and a level of sophistication toward a diploma. and understanding of the working world. As a longtime supporter of the Baruch College This is one of the myriad areas where the Fund and now its President, I want to thank BCF plays a material supporting role to all of you for your continued generosity and our students and graduates. In addition to support of the College’s core mission: to providing nearly $2 million in scholarships that provide an outstanding education to deserving support hundreds of students in their pursuit of a degree, the students at an aff ordable tuition, while still maintaining the BCF also funds numerous programs that help students gain values that have always made Baruch the extraordinary real-world experience through, among other things, internships educational institution that it is. and professional mentorships that can give graduates the However, while we continue to thrive, the fi nancial pressures are confi dence they need to fare well in the job market. signifi cant and we are even more dependent on our fundraising Also, through the BCF-funded Starr Career Development Center, eff orts to maintain the standards we all covet. thousands of students each year learn how to position their The world is a very diff erent place than it was when I graduated from vocational, educational, and life experiences on their résumé; Baruch nearly fi ve decades ago. I am so proud to see that, with your write compelling cover letters, and hold their own in an interview help, Baruch is also changing in positive and dynamic ways. Thank you and warm regards, Mx Brr ’68 3 President BCF ANNUAL REPORT Baruch has long been recognized for providing a top-notch education at an excellent value. But in the real world, graduates need much more than a strong academic background for success. They also need YOUR so-called “soft skills” such as professional communications and business etiquette, as well as the experience and insights V ISION gained in workplace environments through internships and mentoring in opportunities. The Baruch College Fund provides crucial vision and ACTION funding to a range of programs Preparing Students for that help the College support Success at Work the whole student in these important ways. A few exemplary BCF programs that support the acquisition of real-world experience are summarized here. HOW THE COLLEGE IS FUNDED BARUCH COLLEGE FUND ASSETS 2005-2015 (IN MILLIONS) 2% Scholarly 7% Research Grant Ancillary 2005 $85.3 Activities 2006 $102.3 7% 2007 $137.7 Philanthropy 2008 $142.7 28% 2009 $119.3 State 56% Appropriation Tuition 2010 $125.8 & Fees 2011 $138.6 2012 $132.5 2013 $158.7 2014 $180.3 2015 $176.6 1 BCF ANNUAL REPORT ANNUAL FUND “I had the chance to HIGHLIGHTS attend meetings, write reports, translate press releases, assist 4,518 1,092 ALUMNI DONORS NEW DONORS in organizing events, and learn many more 1,364 valuable skills.” 4,602 GIFTS TOTALING DONATIONS OF Marina Stojanovic (’15) $91,091 BBA, Finance and Investments $100 OR LESS FROM RECENT GRADUATES Intern, Permanent Mission of Bosnia and Herzegovina to the United Nations INTERNSHIPS United Nations, Hope for the Warriors, Students in marketing, international the Red Cross, Global Potential, the White business, accounting, and fi nance held Ktn Public Intrst Fllowship House, and others. placements that ranged from Roast and Fourteen students from the School of Diva Designers, to Coalition for Queens Public Aff airs and the Weissman School Bruch Entrprnuril Intrn and Dos Owls. Other WCIB programs pro- of Arts and Sciences—representing ma- Fllowship Prorm vided students with strong professional jors as diverse as psychology, econom- With generous support from Ronald I. and intercultural skills training. ics, political science, public aff airs, and Heller (’67) and the Heller Family Founda- biology—were selected for the Katzen SOFT SKILLS tion, the Weissman Center for Interna- Public Interest Fellowship, which seeks to tional Business (WCIB) and Baruch’s Strr Crr Dvlopmnt Cntr support students’ personal growth and Lawrence N. Field Center for Entrepre- Soft Skills Prorm potential in contributing to “the common neurship partnered on the Baruch En- good.” With great thanks to a gift from With deep appreciation for longstanding trepreneurial Intern Fellowship Program Chani Katzen Laufer (’96), the undergrad- support from Joel (’59) and Lillian Cohen, which, in 2014-15, awarded $1,250 each uates each received $3,000 stipends for the Starr Career Development Center to 10 undergraduates who completed an having worked in unpaid internships and (SCDC) Joel and Lillian Cohen Soft Skills unpaid summer internship in a start-up, formal volunteer positions in nonprofi t Program has helped Baruch students small entrepreneurial company, or organizations such as the Permanent develop and enhance communication entrepreneurial unit of a large company. Mission of Bosnia and Herzegovina to the and writing skills for 19 years. Each 2014-2015 FISCAL YEAR NUMBERS $10,440,698 5,251 6,799 2 risd donors totl ifts BCF ANNUAL REPORT year, some 15 undergraduates receive 10 with Baruch alumni working at the bank weeks of training to work in the SCDC and senior executives involved with the Peers for Careers program where they bank’s social and corporate responsibility help more than 2,800 students per year. program. Scholars are also invited to stay As Peers, they conduct résumé reviews, in touch with the HSBC program offi cer, make presentations, stage mock inter- who can provide ongoing guidance and views, and assist the SCDC with market- referrals to other corporate executives. ing and alumni outreach. Last year, the “With the HSBC Peers co-sponsored 26 events and served Flxibl Cours Options Scholars Program, as ambassadors of both SCDC and the Many Baruch students have a lot to College on several occasions, notably I had exclusive juggle: full course loads, part- or full-time during a reception for some of Baruch’s jobs, career-building internships, and opportunities to esteemed donors. Together with student family needs. For some students, online clubs, the Peers organized a business visit HSBC offi ces, learning represents the fl exibility they attire donation drive—Suit Up For Suc- need to fi ll requirements and still fulfi ll all network, and gain cess—so students could obtain profes- their other responsibilities. With this in sional clothes for interviews and jobs. mind, alumni Lawrence Zicklin (’57) and fi nancial literacy.” Proceeds from the event were donated to Joseph S. Pignatelli, Jr. (EMS ’99) teamed Sally Mei (’17) the Relay for Life, giving Peers an impor- up to off er targeted support to expand BBA, Finance and Investments tant lesson in the value of philanthropy. hybrid and online courses in the busi- Scholar, HSBC Last year 88% of Peers also participated ness disciplines. During the 2014-15 year, in at least one internship or had job off ers faculty from Economics and Finance, upon graduation. Marketing, Management, and Accoun- tancy collaborated with the Center for SPECIAL TRAINING Teaching and Learning to design fl exible HSBC Scholrs course options. New tablet computers GIVING SOCIETY Since 2009, Baruch College has been are enabling faculty to create digital one of four colleges in the United States teaching materials such as annotated selected to participate in the HSBC slides, videos, and an exam archive. In Scholars Program. The program provides Fall 2015 with support from the fund, educational funding, fi nancial literacy Laetitia Placido, PhD, assistant professor Bnchmrk Socit: training, and business information and in the Bert W. Wasserman Department This year, Baruch received experience to full-time juniors and seniors of Economics and Finance, launched a $3.7 million in planned enrolled in a STEM (Science, Technology, fully online version of Microeconomics, gifts from alumni and Engineering, and Math) curriculum. In with 272 students enrolled. The course friends. More than 300 2014-2015, 10 majors from accounting is being held again in Spring 2016, along individuals are members and fi nance received a $5,000 scholar- with four new hybrid versions. Four hybrid of the Benchmark Society, ship that went toward tuition, campus versions of Principles of Finance were Baruch’s legacy society. housing, or books. Scholars participated also launched this Spring. Theodore J. in two fi nancial education trainings, Joyce, PhD, professor of economics and enjoyed access to HSBC online tutorials fi nance, attended a conference where he in fi nancial literacy and career building, presented results from his experiment in and participated in networking events online pedagogy.
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