WELCOME! Spotlight On: Social Enterprise

WELCOME! Spotlight On: Social Enterprise

1 2 3 4 Welcome and Introductions The Tamer Center for Social Enterprise Panelist Discussion Q&A

Welcome and Introductions Professor Bruce Usher Sandra Navalli MBA 03 Natasha Korgaonkar MBA 18 Anne McGrath MBA 18 Sabrina Lazarus, Admissions Officer Katie Bucaccio, Admissions Officer

Welcome and Introductions Professor Bruce Usher Co-Director of The Tamer Center for Social Enterprise Elizabeth B. Strickler 86 and Mark T. Gallogly 86 Faculty Director Professor of Professional Practice Recent courses taught: Carbon Finance Finance & Sustainability Impact Investing Seminar Investing in Social Ventures

Welcome and Introductions Sandra Navalli MBA 03 Managing Director, The Tamer Center for Social Enterprise

Welcome and Introductions Natasha Korgaonkar MBA 18 Second year August-entry Full-Time MBA student Pre-MBA Employment: Civil rights litigator at the NAACP Legal Defense and Education Fund, Inc. Summer Internship: McKinsey & Co. Columbia Business School Clubs: Vice President of Social Impact Week, Social Enterprise Club (SEC)

Welcome and Introductions Anne McGrath MBA 18 Second year August-entry Full-Time MBA student Pre-MBA Employment: Investigative Analyst, New York County District Attorney s Office Summer Internship: Social Impact MBA Fellow at Inspiring Capital in NYC Columbia Business School Clubs: Vice President of Events & Careers, Social Enterprise Club (SEC) Columbia Women in Business Government and Business

The Tamer Center for Social Enterprise

What is social enterprise at Columbia Business School? Need High-performing organizations need great talent, ideas, and strategies to achieve their social and environmental missions. Mission The Tamer Center for Social Enterprise at Columbia Business School educates leaders to use business tools, entrepreneurial skills, and management skills to address social and environmental challenges.

What are the activities of the Center? Social Enterprise Programmatic Activities Curriculum Provide high-quality course content and teaching for MBA/EMBA students and Executive Education participants Experiential learning Encourage students to learn by applying their business skills to social enterprise endeavors, including internships, consulting projects, board program, and social venture due diligence Research & Idea Generation Support scholarly and applied research by faculty members and doctoral students; external communication of innovative ideas generated Careers & Alumni Outreach Foster strong networks linking the School and University to alumni and practitioners in social enterprise organizations and social ventures

Scope and Focus Areas under Tamer Center Career Interest Areas of Students Focus Areas 1. Nonprofit & Public Sector Management 2. Social Entrepreneurship 3. International Development 4. Sustainability / Green Business / Corporate Social Responsibility (CSR) 5. Social Finance / Impact Investing 6. Venture Philanthropy & Social Venture Capital 7. Renewable Energy / Energy 8. Non-Profit Consulting 9. Microfinance 10. Corporate & Foundation Philanthropy 11. Community Development 12. Healthcare 13. Education 14. Arts Management 15. Lifestyle of Health and Sustainability Sector Nonprofit & Public Management Social Entrepreneurship International Development Sustainability / Corporate Social Responsibility

The Tamer Center for Social Enterprise: Recent developments Expanded Established Summer Fellowship Loan Assistance Social Venture Fund First and second year MBA students eligible, working with public sector, nonprofits, NGOs, and nonprofit or for-profit social ventures All Columbia students across campus interning with social ventures eligible MBA graduates eligible for up to 10 years of loan assistance Graduates may work in the US or abroad with nonprofits, in the public sector, or with eligible social ventures Seed grants of up to $25K for start-ups All Columbia students, alumni, researchers, faculty eligible Access to Columbia Startup Lab (coordinated with Lang Center for Entrepreneurship)

Expanded: Social Enterprise Summer Fellowships Enables students to intern in the U.S. or abroad at nonprofit, government or NGOs, for-profit and nonprofit social ventures. Current: Full time summer internships for 6 to 10 weeks by providing matching funds of between $200 800 per week. 64 fellowships supported this summer (An additional 3 students participated in the Morgan Stanley Sustainable Investing Fellowship.) Scaled Up: All full-time Columbia undergraduate and graduate students (including Barnard and Teachers College) eligible to work with social ventures. Students across the university worked at organizations including: Accion Venture Lab, Acumen, Off Grid Electric, The Marshall Project, Inspiring Capital, and Nonprofit Finance Fund.

Expanded: Loan Assistance Program Encourages MBAs to take management and leadership positions in the public and nonprofit sectors and with social ventures, by alleviating education loans. Expanded number of years of support from 5 to 10 years Allow social entrepreneurs to rank equally with public and nonprofit (i.e. no sector preference) This year 40 alumni received loan assistance in the arts, education, international development, social ventures in organizations including:

Established: Tamer Fund for Social Ventures Provides seed grants of up to $25,000 to nonprofit, for-profit, or hybrid early-stage Columbia University affiliated social ventures. Goal: Investment Board to select ~7 ventures each year Timeline: Online application 130 ventures applied for fall 2017 funding round Preference for financially selfsustaining ventures Screening and advice by faculty, students, and Social Venture Advisory Network members Additional student pro bono consulting support e.g. Pangea Advisors Portfolio Ventures include: First round of applications assessed by student due diligence teams (Investing in Social Ventures course) Recommendations made to the Investment Board in November and May each year. change:water Labs

New Initiatives at the Tamer Center Summer Fellowship Summer Fellowship ReEntry Acceleration Program (REAP) Climate Change and Business Program Displaced Scholars Program

Social Enterprise Course List Over 20 electives offered each year: Public & Nonprofit Management Effective Philanthropy in Urban Communities The Nonprofit Sector and the City High Performing Nonprofits Education Leadership Seminar in Public-Sector Structural Change (Public K-12 Education) Social Entrepreneurship Social Entrepreneurship: A Global Perspective Investing in Social Ventures Impact Investing Launching Social Ventures Social Venture Incubator International Development The Private Sector and International Development Markets for the Poor Sustainability / Corp. Social Responsibility Business in Society Finance and Sustainability New Developments in Energy Markets Carbon Finance Energy and Resource Economics Business Of Climate Change Impact Investing Seminar Investor Influence on Corporate Sustainability Social Impact Real Estate Capstone Modern Political Economy Bridging the American Divide Reentry Acceleration Program Immersion Columbia University Network MBA students can also take classes listed at other Schools (SIPA, Mailman, Teachers College etc) Course descriptions online: www.gsb.columbia.edu/socialenterprise/courses

Social Enterprise Career / Course Map Online: www.gsb.columbia.edu/ socialenterprise/ courses/electives

At the Center of Social Enterprise Collaborative Projects: Student Retreat (September) Social Enterprise Conference (October) Net Impact Career Trek (November) Social Enterprise Summer Fellowship Week (February)

2017 Social Enterprise Conference Leaders Taking a Stand: Social Impact in Turbulent Times Friday, October 6 Columbia University s Lerner Hall 8:00 a.m. 5:30 p.m. The Annual Conference will bring together over 600 attendees from across Columbia University. The current political climate creates an uneasy world stage for companies to navigate. Who are the business leaders who are stepping up to the challenge and leading by example? Speakers from: Newman s Own, CECP, DeansList, International Rescue Committee, TYTHEdesign, among many others. Register now at: columbiasocialenterprise.org/conference/

Nonprofit Board Leadership Program (NBLP) A joint initiative between Social Enterprise Club & Tamer Center for Social Enterprise Mission: To cultivate the next generation of nonprofit board leaders Students apply at the beginning of the year for this selective program, which lasts the entire academic year MBA Alumni or Friends of CBS who sit on nonprofit boards serve as Mentors to students Students In exchange for board observation and mentoring, students conduct a probono consulting project for the Nonprofit Organization, in conjunction with the board and/or staff Mentors Nonprofit s

Sample Past NBLP Organizations

Pangea Advisors: Pro bono consulting projects Pangea advisors is the international consulting arm of the Social Enterprise Club. Teams of 3 MBA students work on high-impact consulting projects that address the most pressing challenges clients face. PROJECTS ACROSS THE WORLD A TWO WAY COMMITMENT Access Afya Growth Plan for Keyan Mini-clinics DC CAM Marketing Plan for Genocide Center SPBD Progress Out of Poverty Index for Fiji Pangea Unlocks Impactful consulting experience Travel subsidy (~80%) Mentors and alumni network Teams Commit to Impactful work for client 3-4 hours per week A week on-site Interim deliverables & final presentations

Pangea Advisors: Pro-bono consulting projects Distribution of Projects by Sector and Region Sector No. of Projects 2016-17 Arts, Culture & Humanities 1 Economic Development 6 Education 7 Energy 3 Entrepreneurship 10 Financial Services 4 Food and Agriculture 2 Healthcare 6 Microfinance 0 Water & Environment 1 Total 40 Region and Number of Projects 2016-17

Tamer Center for Social Enterprise Growth in student interest and programmatic activities Activity 2004 2017 Curriculum MBAs and EMBAs (# of students enrolled) 299 1026 Avg. Enrollment per Course (# of students) 35 47 Avg. Curriculum Evaluation (out of 5) 4.3 4.4 Avg. Professor Evaluation (out of 5) 4.4 4.5 Experiential Social Enterprise Student Clubs (# of students) 281 521 Learning Nonprofit Board Leaders staffed (# of students) - 44 Int. Dev. Consulting Projects (# students funded) - 106 Research Research and Community building events 40 107 Careers Summer Internships (# of students) 20 64 Loan Assistance (# of students) 3 40

PANELIST DISCUSSION Professor Bruce Usher Sandra Navalli MBA 03 PR-TERM 2ND HALF Natasha Korgaonkar MBA 18 Anne McGrath MBA 18 1ST HALF 2ND HALF

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