NORTHWESTERN UNIVERSITY FROM VISION TO IMPACT THINK BRAVELY INVESTORS REPORt 2011–12 CONTENTS 3 KELLOGG INVESTORS who gave $500,000 and above who gave $50,000 to $499,999 who gave $25,000 to $49,999 who gave $10,000 to $24,999 who gave $5,000 to $9,999 who gave $2,500 to $4,999 who gave $1,000 to $2,499 who gave up to $1,000 59 CORPORATE AFFILIATES 61 KELLOGG INVESTORS BY CLASS YEAR 1929 1944 1954 1964 1974 1984 1994 2004 1932 1945 1955 1965 1975 1985 1995 2005 1934 1946 1956 1966 1976 1986 1996 2006 1935 1947 1957 1967 1977 1987 1997 2007 1938 1948 1958 1968 1978 1988 1998 2008 1939 1949 1959 1969 1979 1989 1999 2009 1940 1950 1960 1970 1980 1990 2000 2010 1941 1951 1961 1971 1981 1991 2001 2011 1942 1952 1962 1972 1982 1992 2002 2012 1943 1953 1963 1973 1983 1993 2003 2012 Class Gift Pledges 115 FRIENDS OF KELLOGG 118 Dean’s ADVISORY BOARD MEMBERS 120 REUNION VOLUNTEERS 122 MATCHING GIFT COMPANIES 124 ROGERS SOCIETY 127 FOUNDATIONS As a donor, your gift to Kellogg enables us to translate our courageous vision into lasting impact. We see the results of your generosity throughout the school — in our renowned faculty and outstanding students, in our unsurpassed programs and research, and in our sustained reputation as a global leader in management education. At Kellogg, we believe that business can be bravely led, passionately collaborative and world changing. In this year’s Investors Report, we highlight a few examples that demonstrate the kind of brave thinking that creates a lasting impact on our students, our faculty and our world … the kind of impact enabled by your generosity. Thank you for your leadership and support. FROM VISION TO IMPACT BOLD THINKING SOLVES BIG PROBLEMS When Kellogg students have a great idea, they also have the With support from our faculty, the team discovered how confidence and courage to act on it and the resources to to design and synthesize high-performance materials that support it. Take JD-MBA students Ben Hernandez ’13 and soak up gases like a sponge and can be produced on a Tabrez Ebrahim ’13 and their idea about how to store natural scale large enough for industrial applications — a process gas more efficiently. that fundamentally changes the economics of countless gas storage applications, including natural gas vehicles. Enabled by the collaborative spirit that extends throughout the university community, the two teamed with Chris Wilmer, Their start-up venture, NuMat Technologies, won more than a doctoral student at the McCormick School of Engineering, five competitions in 2012, including top honors in the U.S. and Omar Farha, a research associate professor of chemistry Department of Energy’s first-ever Clean Energy Business in the Weinberg College of Arts and Science, to explore the Plan Competition, which awarded a $100,000 cash prize and idea in depth. $80,000 of in-kind support. In many ways, NuMat is a product of what makes Northwestern and Kellogg special — fostering a collaborative spirit that can be applied to innovative endeavors. Ben Hernandez ’13 NuMat Technologies’ leadership team, left to right: Ben Hernandez ’13, Chris Wilmer, Tabrez Ebrahim ’13 and Omar Farha. 2 We extend a special thank you to our KELLOGG INVESTORS who gave $500,000 and above Anonymous Gary Rosenberg ’63 Carol L. Bernick Estate of James R. Russell ’35 T. Bondurant ’76 and Hollis S. French Jean E. Russell A. Charles Funai ’80 Tony Scott ’83 Arthur L. ’81 and Betsy Dehaas Holden ’82 Michael S. ’83 and Mary Sue Shannon Jerome P. ’67 and Carol Brock Kenney Bruce ’86 and Melissa Spohler Leonard H. Lavin Jeffrey ’87 and Laura Ubben Larry ’67 and Carol Levy ’64 Samuel Zell Gifts and pledges from Sept. 1, 2011 to Aug. 31, 2012 LEGEND: Recognized for consecutive giving to Kellogg for the last 5 fiscal years Deceased 3 FROM VISION TO IMPACT PIONEERING SPIRIT CREATES REAL VALUE Envision Kellogg, our strategic framework for educating, Kellogg’s new entrepreneurship curriculum, already in the equipping and inspiring leaders for the future, asserts one making, will serve as a launch pad for students from across our of Kellogg’s core tenets: The capacity for innovation is MBA programs, empowering them with the knowledge, skills humankind’s greatest asset and the ultimate source of value and entrepreneurial spirit required to start and succeed in their creation in the marketplace. own companies immediately upon graduation. This is the inspiration and foundational principle of the As critical as new venture creation is to its mission, KIEI Kellogg Innovation and Entrepreneurship Initiative (KIEI). distinguishes itself with its focus on innovation in large Launched in 2012, KIEI aims to connect our thought corporations and within middle market companies — leadership, student education and alumni network with specifically private and family enterprises — that account for real-world opportunities to build and sustain businesses that $3.8 trillion in private sector GDP and until now have remained create long-term value and impact. relatively underserved by MBA programs. Our goal is to build a world-leading innovation and entrepreneurship platform that can best unleash the ideas, energy and talent of our students, faculty and alumni. LINDA DARRAGH EXECUTIVE DIRECTOR OF THE LEVY INSTITUTE FOR ENTREPRENEURIAL PRACTICE AND THE HEIZER CENTER FOR PRIVate EQUITY AND VENTURE Capital 4 With appreciation to our KELLOGG INVESTORS who gave $50,000 to $499,999 Anonymous William Veeck Krehbiel ’07 Nicholas J. Bouras ’55 Theodore B. Martin, Jr. ’83 and Pamela Demars Martin ’83 Trent A. 96’ and Susan Lehman Carmichael Thomas Edward McAuley ’88 William C. Cobb ’79 William H. McGowan, Jr. Joseph M. ’99 (EMP-42) and Ingrid DePinto James R. ’56 and Betty Strandberg McManus W. James and Maxine Poole Farrell William J. ’46 and Doris Kiernan Moore Shaun Finnie ’95 Lloyd B. ’63 and Donna Shapiro Morgan Lee H. Gerry ’62 Clare Marie Muñana ’89 (EMP-19) Gordon and Llura A. Gund Haruo Naito ’74 Grant ’97 and Lara Talbot Gund ’97 Avi ’81 and Sandra Nash Zachary ’00 and Lindsey Gund William A. ’73 and Cathleen McCurdy Osborn Michael Haddad ’87 Alan E. ’53 and Mildred A. Peterson Susan Coe Heitsch ’83 Timothy ’87 and Elaine L. Peterson Howard M. Henry ’78 Stephen N. ’82 and Ann S. Potter Marten S. ’94 (EMP-29) and Valerie Hoekstra Michael J. Sacks ’88 Kim and Flip Huffard ’92 Gina Mae Tapper ’82 Eugene T. ’87 and Colleen Jacobus Frederick H. ’79 and Catherine Marlette Waddell Melih and Zeynep Keyman Stephen N. Wertheimer ’85 (EMP-11) Michael E. ’82 and Ellen Jamison Kullman ’83 Estate of Charles H. Wilson ’42 Fred and Kay Krehbiel Stephen G. Woodsum ’79 and Anne R. Lovett-Woodsum Jay Frederick Krehbiel ’12 Liam ’07 and Karen Krehbiel Gifts and pledges from Sept. 1, 2011 to Aug. 31, 2012 LEGEND: Recognized for consecutive giving to Kellogg for the last 5 fiscal years Deceased 5 Challenging times demand exceptional leaders — men and women who think boldly, question the status quo and create positive change. This is Kellogg’s brave thinking in action. 6 With appreciation to our KELLOGG INVESTORS who gave $25,000 to $49,999 William Shaw Broeksmit ’82 Eugene and Janet Lerner Robert J. Buchan ’40 Donn ’85 and Michele Lux William Edward ’11 and Lillian Burke Richard ’87 and Naomi Mandel Gerald D. ’79 and Susan Bredhoff Cohen John E. Prunier ’91 Jay A. Cohen ’88 and Laura M. Cox ’88 Robert W. Schoder ’82 Edith Watkins Cooper ’86 Scott C. ’76 and Martha Reilly Smith Mark J. Cozzi ’92 Peter ’83 and Esther Hsuan Tan Scott ’83 and Jennifer Francis Fearon Estate of George R. Terry ’39 T. Bondurant ’76 and Hollis S. French James D. Vail, IV ’80 and Sylvia I. Vail ’80 Mauricio Graber ’89 James David Vail, V ’12 William J. ’68 and Patricia Hagenah W. Anthony ’82 and Jean Chenoweth Vernon ’82 Dwight Randall ’84 and Mindy Hilson Alan ’92 and Tori Warms Arthur L. ’81 and Betsy D. Holden ’82 Miles D. and Kimberly White Brett R. Jefferson ’96 Stephen R. ’74 and Susan Condon Wilson Mark D. Klein ’87 David K. and Nancy Zwiener ’77 Richard H. ’77 and Susan Lenny Gifts and pledges from Sept. 1, 2011 to Aug. 31, 2012 LEGEND: Recognized for consecutive giving to Kellogg for the last 5 fiscal years Deceased 7 FROM VISION TO IMPACT START-UP VENTURES GET A HEAD START What kind of person earns a Kellogg MBA and ends up Beall crafted a business plan, refined it in Clinical Professor cleaning baby strollers for a living? Jennifer Beall ’10 came up James Shein’s Entrepreneurship and New Venture Formulation with an enterprising answer. class, immersed herself in Assistant Professor Yael Hochberg’s Venture Lab and learned about customer care in Lecturer While serving as a Kellogg intern for Mary Liz Lehman ’06, Richard Honack’s Services Marketing and Management owner of Chicago’s Perchance clothing boutiques, Beall spotted course. Leveraging every resource she could in the Kellogg a problem ripe for solving: soiled and stained baby strollers and community, including contacts across the alumni network, she car seats. Her entrepreneurial spirit went into gear, and the idea gained the support she needed, and CleenBeeBaby was born. for an eco-friendly cleaning service was planted. Today, the LA-based company operates on premises at 35 children’s boutiques, cleaning and repairing strollers and car seats while customers shop, saving parents valuable time and effort, and creating a captive audience for the retail partners.