UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS Annual Fund Impact Report 2016–17 Thank you. As a top-ranked business school, the University of Chicago Booth School of Business is increasingly reliant on Annual Fund donor support to maintain its excellence and give today’s students the same experience you had. Annual Fund Impact The Chicago Booth Annual Fund had its • FACULTY RETENTION AND RECRUITMENT: Booth strongest fiscal year yet, ending June 30, 2017, successfully recruited new faculty from institutions like the University of Pennsylvania’s Wharton School, Harvard with a $1.3 million increase in dollars raised University, and Stanford University, to name a few, as well over last year. The Annual Fund continues to as internally promoted nine professors and appointed four also advance toward reaching goals for the new chair holders. University of Chicago Campaign: Inquiry and • SCHOLARSHIPS: As we continue the University of Chicago Campaign: Inquiry and Impact, one of our priorities is Impact, which include securing gifts from 50 to attract the very best talent and enroll every student in percent of Booth alumni and raising $50 million whom we see great promise. Like scholarship recipient for the school by June 2019. Emma Sotomayor, who would like to bring her world class education back home to Mexico to set up her own VC firm. Without your gifts to the Annual Fund, the following would And recipient Rob Weir, a West Point graduate and former have lacked sufficient support: platoon leader in Afghanistan who wants to combine his past experiences with his new business skills to provide • FACULTY RESEARCH: In the past decade, Booth faculty business solutions to nonprofits and organizations that have been awarded 11 out of 18 Sloan Research aim to alleviate the suffering people go through because Fellowships in economics—more than any other business of civil war. school or economics department in the country. This year, Joseph S. Vavra, associate professor at Booth, was selected for the fellowship. ANNUAL FUND PROGRESS 2012–13 2013–14 2014–15 2015–16 2016–17 Dollars (in millions) $5.90 $6.00 $6.30 $7.70 $8.98 Donors 8,159 8,129 8,393 7,998 8,437 ANNUAL FUND CAMPAIGN GOAL CUMULATIVE PROGRESS* 2012–13 2013–14 2014–15 2015–16 2016–17 $50M Dollars Raised (Cumulative) $11.20M $17.20M $23.50M $31.20M $40.20M 50% Donor Participation 28% 30% 33% 37% 40% * Campaign ends June 2019 The Chicago Booth Impact Challenge: Multiply Your Impact Challenge CHICAGO BOOTH Goal IMPACT Exceeded! CHALLENGE $612,853 matching dollars used $0 $100K $200K $300K $400K $500K This spring, generous Chicago Booth alumni Brian P. Baker, ’97, Ray Iwanowski, ’97, Sean Kurachi, ’85, and John Watson, ’80, united to challenge the alumni community. Together they funded the $1,122,119 Chicago Booth Impact Challenge: Multiply Your total dollars raised Impact. The challengers offered a 2:1 match for all first-time donors at the Dean’s Society level ($2,500+) and a 1:1 match for all other gifts. The Booth alumni community rose to the challenge, and higher, exhausting the $500,000 1,468 31 in matching funds, and the challengers agreed donors gave in new Dean’s Society to meet the overflow so that no one’s gift went response to the donors unmatched. After all was said and done, more than challenge $1.1 million was raised for the school. The Chicago Booth Impact Challenge: Impact Challengers “ Chicago Booth was a transformative experience for me and significantly influenced the way I approach challenging problems in a complex world. I am proud to support the school and help keep Booth at the forefront of business education.” BRIAN P. BAKER, ’97 MANAGING DIRECTOR AND GLOBAL HEAD OF INVESTOR RELATIONS AND BUSINESS DEVELOPMENT, LONGTAIL ALPHA LLC “ At Booth, we learned that robust research processes start from first principles and then apply rigorous empirical techniques to support or refute the proposed concepts. Such a process leads to decision making that is grounded in the data rather than allowing biases and superficial perceptions to drive our understanding of markets.” RAY IWANOWSKI, ’97 MANAGING PRINCIPAL, SECOR ASSET MANAGEMENT, LP “ My time at Chicago Booth had a profound impact on my life, and I am grateful for the experience. Booth alumni think differently and lead differently, and I believe that supporting the school is a way to bring this opportunity to a new generation of students.” SEAN KURACHI, ’85 CEO AND PRESIDENT, JAPAN CORN STARCH & CO. “ I’m very grateful to the university. It taught me a way to think, and I didn’t really realize until my later years that the way I would dissect problems and take on issues—including the public position of our company in many areas—was really based on some of the thinking skills that I developed at the University of Chicago. I truly believe that.” JOHN WATSON, ’80 CHAIRMAN AND CEO, CHEVRON CORPORATION Reconnect 2017 Pictured above: Class of 1997 Reunion committee members with Doug Skinner, deputy dean for faculty and Eric J. Gleacher Distinguished Service Professor of Accounting Reconnect this year was a success, with more than 1,250 alumni in attendance. The classes of 2014, 1992, 1987, and the Executive MBA Program broke attendance records. Additionally, classes collectively raised more than $13 million— the most ever generated for reunions! Class of 1997 set a new donor record Class of 1987 gift chair David M. Lee offered a for 20-year reunions and raised more than triple what they collected for their last reunion. $150,000 matching challenge to encourage leadership gifts in his class and a little competition with all other reunion classes. Class of 1987 raised more than The challenge was met ahead of deadline and resulted in $4.7 million $307,594 setting a new 30-year reunion campaign record, as well as a new record for any reunion campaign in raised for the Chicago Booth Annual Fund. Booth history. Class Gift For the past 20 years, the class gift campaign 2017 Class Gift Campaign: Why I Give at Booth has been a tradition—an opportunity for each class to come together one last time, “ I want Booth to be just as reflect on their Booth experience, and leave a amazing when Alice enters the class of 2040!” legacy for future students. The Full-Time MBA ANDERSON LEI DONG, ’17, Program class of 2017 broke records for their WITH WIFE RITA AND DAUGHTER ALICE generosity, with participation by 97 percent of students raising a total of $209,455—an all- time high dollar amount. “ I was a very fortunate recipient of Chicago Booth Class Gift Totals one of the school’s scholarships when I joined Booth. I truly appreciate it and am grateful to the 2017 $209,455 donors. This class gift allows me to be on the other side of a similar 2016 equation, and I was happy to make $133,005 my contribution, especially after understanding the value I placed in 2015 $111,592 such a gift from past alums.” 2014 ANU JOHNS, ’17, WITH JON PACK, ’17, $104,160 AND GLORIA ZHANG, ’17 2013 $80,807 2012 $59,072 “ The diversity of identity, expression, 2011 $57,321 and experience of the class of 2017 was a huge part of Booth’s value 2010 $26,447 for me, and I hope my contribution of non-traditional experiences 2009 $26,754 in the military contributed to my classmates’ experience in a positive way. I want to ensure that future classes of Booth represent many voices the way ours did.” PETE ESTRIDGE, ’17 Dean’s Society Giving Roster Thank you to our alumni and friends who supported Chicago Booth at the Dean’s Society level during the 2016–17 fiscal year. All donors who gave $2,500 or more to the Chicago Booth Annual Fund from July 1, 2016–June 30, 2017, are recognized as Dean’s Society donors. LAUREATES Johannes Huth, ’86 Margaret M. Rothman and Robert Angela Jill Blatteis, ’86, and $25,000 or more Raymond Iwanowski, ’97 Rothman, ’77 Daniel Blatteis John Joliet, ’97 Karen Sauter and Gus Sauter, ’80 Roger Blume, ’67, and Anonymous (8) Camille Blume Robert C. Jones Myron Scholes, MBA ’64, PhD ’70 Paul Richard Aaron, ’91, and Stephen Schwartz, ’87 Mark Boydston Catherine W. Aaron Karen L. Katen, AB ’70, MBA ’74 Rebecca A. Boylan, MAT ’72, and James Bray, ’07 John Amboian, AB ’83, MBA ’84, Peter C. Keenoy, ’84 Thomas W. Sidlik, ’73 William Chase, ’99 and Ann Lee Amboian, AB ’83 Connie Keller and Dennis Keller, ’68 Dennis Stattman, ’80 Phyllis G. Cohen and Kathleen Ashby and Susan C. Kelly, ’96, and Barton J. Cohen, ’73 Steven Ashby, ’72 Justin H. Kelly Avi Rafael Stopper, ’06 Patricia Conrades and Brian Paul Baker, ’97 Lawrence Goodwin Kemp, ’87 Morgan Chia-Wen Sze, ’93, and Bobbi Josephine Hernandez-Sze, George Conrades, ’71 (XP-28) E. M. Bakwin, ’61 (XP-17) Gail Khosla and Victor Khosla, ’83 AM ’93 Margaret and William Crane, David Beecken, ’70 Sandra M. Kilts and Allan Teh, ’91 AB ’48, MBA ’51 Norman R. Bobins, ’67 James M. Kilts, ’74 Immanuel Thangaraj, AB ’92, Ali E. Dashti, ’15 (EXP-20), and David G. Booth, ’71 Sharon L. Kirchheimer and MBA ’93 Mona Dashti David M. Kirchheimer, ’78 Philip A. Canfield, ’96 Tina L. Trott and Byron D. Trott, John Davidson, ’84, and Soichiro Kurachi, ’85 Shirley Schaeffer Daniel Philip Caruso, ’90 AB ’81, MBA ’82 Michelle Liem, ’89, and David Lee Paul Deneve, ’03 (EXP-8) Stephen James Czech, ’98 (XP-67) Jack Wadsworth, ’63, and Michael D.