2025 2026
COMMUNITY IMPACT REPORT BABSON COLLEGE | 2025-2026
WE ARE BABSON. WE BELIEVE: Babson College prepares and empowers entrepreneurial leaders who create, grow and steward sustainable economic and social value—everywhere.
Integrity We do the right thing. Regardless of visibility or with whom we are interacting, we take ownership of our behaviors, hold one another accountable, and practice social and ethical responsibility.
Collaboration We work and learn across constituencies. We nurture our relationships both inside and outside of Babson to achieve better ideas and outcomes.
Inclusive Excellence We have an ongoing commitment to fostering a community defined by respect, dignity, and shared accountability. We think and act beyond preconceived labels and advance practices that enables the flourishing of all members.
Innovation We resiliently learn through action. We are curious and take initiative to both discover and implement ways to add value.
Excellence We rise to the challenge. We are lifelong learners who grow intentionally to be the best.
TABLE OF CONTENTS:
03 » A Note from the President 04 » Rankings and Accolades 05 » Babson’s Financial Impact 07 » Community Support 13 » Notable Moments & Milestones 17 » BabsonARTS 18 » Babson Athletics 19 » Stay Connected
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A Note from the President The 2025–2026 academic year at Babson College represents more than another milestone—it reflects a powerful moment of possibility. It is a time defined by momentum, purpose, and a shared belief in the role Babson plays in shaping the future. Babson’s continued recognition as the No. 2 best college in the United States by The Wall Street Journal affirms what our community has long known: that Babson’s impact reaches far beyond rankings. It speaks to the strength of our mission, the rigor of our academic experience, and the transformative power of entrepreneurial leadership. For decades, Babson has set the global standard for entrepreneurship education, earning consistent recognition as the No. 1 undergraduate school for entrepreneurship by U.S. News & World Report. Today, that leadership continues to evolve. Entrepreneurship at Babson is no longer confined to business. It is a mindset, a responsibility, and a catalyst for change across every sector of society. As a lifelong entrepreneur and president of Babson College, I am continually inspired by the passion, creativity, and resolve of our community. Our global network of more than 48,000 alumni, along with our students, faculty, parents, and partners, embodies Babson’s enduring commitment to impact. Together, they apply entrepreneurial thinking to address complex challenges, strengthen communities, and expand opportunity around the globe. That commitment is evident in the meaningful relationships Babson students build with our neighbors in Wellesley and Needham. Your partnership, hospitality, and shared sense of community help shape an experience that is both deeply rooted and globally connected. Your continued support enables Babson to thrive as a place where ideas turn into action and values guide leadership. I invite you to explore this year’s Community Impact Report, which celebrates the people, partnerships, and progress that define Babson today. Our momentum is not the result of any single achievement, but of a collective belief in what is possible when purpose and entrepreneurship move forward together. Thank you for being part of Babson’s journey and for helping us shape what comes next. President
Stephen Spinelli Jr. MBA’92, PhD
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Rankings and Accolades In its latest analysis of best colleges, Babson College earned the No. 2 Best College in America ranking from The Wall Street Journal for the second consecutive year, with top marks for experiential learning and student success. Babson also stood out for Learning Facilities. This recognition reflects Babson’s continued investment in world-class spaces that foster collaboration, innovation, and hands-on learning. Babson College once again has been recognized as one of the very best colleges in the United States with a lengthy list of impressive rankings, including:
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FOR THE FOLLOWING RANKINGS
FOR ALUMNI NETWORK LINKEDIN, 2025
IN ENTREPRENEURSHIP UNDERGRADUATE SCHOOL
THE PRINCETON REVIEW, 2025, U.S. NEWS & WORLD REPORT, 2025
GRADUATE SCHOOL
#
THE PRINCETON REVIEW, 2025
#8 BEST ONLINE MBA PROGRAM THE PRINCETON REVIEW, 2025
#7 OVERALL FOR LONG-TERM CAREER SUCCESS LINKEDIN, 2025
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Babson’s Financial Impact
Babson invests in the local community through services and goods. Last fiscal year Babson spent over
$3.2M
on local vendors
Employee Residents
63
Needham
68
Wellesley
Residents of the Needham and Wellesley communities make up a sizable portion of the Babson faculty and staff
$13,426,592 total resident income
$1.23M
was spent in local taxes to the town of Needham, this is due to the North Hill community’s location on Babson-owned land.
We use local vendors and contractors whenever possible:
Over $100K investment in building projects
Over $2.7M investment in plant maintenance
ARE YOU A LOCAL VENDOR AND WANT TO WORK WITH US? We’d love to hear from you. Call us at 781-235-1200 and ask for Procurement.
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FINANCIAL AID AND SCHOLARSHIPS For 2025-2026, Babson will award
$50 MILLION
in need-based aid and meritbased institutional scholarships to undergraduate students.
For 2025-2026, Babson will award
$13.5 MILLION
in institutional scholarships to graduate students.
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Community Support Sustainability Summit Leaders, students, and community members from Needham and Wellesley gathered for the inaugural Greater Needham Wellesley Sustainability Summit, organized by Babson College, Olin College, and Wellesley College, to share sustainability successes, challenges, and ideas. Participants highlighted strong existing efforts—from bike share programs to decarbonization—while acknowledging shared constraints around funding, resources, and public engagement. The summit emphasized breaking down silos, with attendees expressing a renewed sense of collaboration and a desire to take a regional approach to problemsolving. By the end of the session, the group identified concrete next steps, including forming a knowledgesharing network, organizing joint initiatives, and setting measurable sustainability goals. Many left energized by the realization that they are not working in isolation, but as part of a growing, committed regional community.
Local Babson Alumni Businesses: • Modern Shade and Décor Richard T. Flynne ’09, Founder • Parlato Electric, Stephen J. Parlato ’80, Founder • Volante Farms, David W. Volante ’03, Co-owner • Café Mangal Mehmet Ozargun ’02, Co-owner and Chef • Crackerjack Communications Ginny Walker Caggiano ’91, Founder • Fells Market Peter Katsikaris ’88, Owner and Manager • Hoffman Insurance Services Inc. Robert S. Hoffman III ’60, P’00, President • Rebecca Masland Photography Rebecca A. Masland MBA’80, Owner • Kertzman & Weil LLP, Amy Reich Weil ’87, Partner • Creating Homes LLC Michael W. Lohin MBA’07, Founder and CEO (Based in Natick; serves Wellesley) • O’Neil Jewelers, Steven N. Varriale MBA’73, Owner • Wellesley Asset Management Inc. Greg Miller MBA’72, P’14, Founder • Tee Stock Pediatric Occupational Therapy Teresa Stock ’86, Founder & Owner • Boston Mortgage Solutions LLC Darren Franco M’00, Principal • Brian & Company Inc. Brian Hickman MBA’02, Owner • Ampersand Capital Partners Dr. David Quentin Anderson MBA’99, PhD, General Partner
Furry Friends Alert Babson’s community resource dogs provide emotional support, education, and practical assistance—both at Babson and in our local communities. strengthening neighborhood connections and improving well-being at schools. Our dogs had the chance to visit Fiske Elementary School in Wellesley over the spring and spend time with students there.
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• Law Offices of Matthew D. Borrelli Matthew D. Borrelli ’98, Attorney, Founder • Falcon Accounting Services Karen E. Wetmore ’76, MBA’88, President • The Finance Greek, Prajakta Pradeep Jagtap MBA’23, Founder • Curbs Studio, Lucas Machado ’21, Owner • Barn Owl Technologies, Richard Chen MBA’22, CEO & Founder
LGBT Chamber of Commerce On October 31, 2025, Babson hosted the Powering Progress Through Partnership Business Conference, celebrating the impact of collaboration among LGBTQ-owned businesses, corporate partners, and community allies. The conference featured inspiring speakers, interactive breakout sessions, and meaningful networking opportunities designed to strengthen businesses and deepen connections.
Babson Undergraduates Deliver Real-World Solutions for Senior Living Community Students in Babson College’s Sustainable Operations and Innovation course partnered with North Hill to deliver datadriven sustainability recommendations, presenting months of research directly to senior leadership. Through this hands-on, experiential project, student teams proposed practical energy- and water-efficiency solutions—several of which North Hill plans to pilot—demonstrating real-world impact for both the client and the students.
Working Together with Local Police and Fire Departments From sporting games to emergency response drills, Babson partners with the police and fire departments of Needham and Wellesley. These collaborations create opportunities to build relationships while also helping everyone stay prepared for emergencies and maintain a coordinated, unified community response.
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Community Support Coming Fall 2027!
Executive Lodge and Conference Center
Images are renderings and subject to change.
Construction is underway for our new Executive Lodge and Conference Center, an exciting addition to campus that will create new opportunities for connection, learning, and gathering. This 77,600-square-foot facility, scheduled to open in mid-2027, is being thoughtfully designed to serve both the Babson community and our neighbors. The center will include more than 70 guest rooms, a welcoming restaurant and rooftop deck with a view, and a variety of flexible banquet, meeting, and classroom spaces. Together, these features will support executive education, lifelong learning, and a wide range of events while also offering new, inviting spaces for community members to engage with our campus. We look forward to welcoming you and sharing this new destination for learning, collaboration, and celebration.
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Charles River Chamber Awards Night The Charles River Regional Chamber organized their second-annual Wellesley Night, held on October 15, 2025 at Babson College. This event brings together local businesses, nonprofits, civic leaders, and community members for an evening of connection and celebration. Hosted at Babson’s historic Knight Auditorium, the event highlighted the strength, creativity, and civic spirit that define Wellesley while reinforcing the chamber’s long-standing role as a convener and advocate for the regional business and nonprofit community. A centerpiece of the evening is the Wellesley Business Awards, which recognize individuals and organizations that have made a meaningful impact on the town. Awards include the Business Excellence Award, the Community Leadership Award, and the Nonprofit Impact Award, honoring leadership, innovation, and service across sectors. The winners were:
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Captain Marden’s Seafoods
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Peter J. Mongeau
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Wellesley Historical Society
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Sustainable Wellesley
Through Wellesley Night, the chamber elevates local success stories, fosters cross‑sector relationships, and celebrates the people and partnerships that make Wellesley a vibrant and thriving community.
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NOTABLE MOMENTS & RESOURCES
Ring founder Jamie Siminoff ’99, H’21 revisits Shark Tank’s biggest missed deal in a fireside chat at Babson. He reflects on how Babson’s entrepreneurial mindset played a pivotal role in pitching to the sharks on his doorbot idea. “I’m not sure if Ring would have been where it is if I hadn’t learned some of the basics here to get me started on my journey,” said Siminoff.
Events on campus are most often open to the public. To see a full list of upcoming events check out our social media channels /babsoncollege @babsoncollege
Earn Your Doctor of Business Administration at Babson College Demand for entrepreneurial leadership has never been greater, and this past fall Babson welcomed the inaugural cohort of its new Doctor of Business Administration (DBA) program. The highly selective program has exceeded enrollment goals, attracting accomplished executives eager to apply rigorous research to complex business challenges and create lasting impact—further reinforcing Babson College’s leadership in entrepreneurship education. The three-year, blended program prepares students to apply rigorous research to complex business challenges to create and amplify long-term impact in any industry.
Professional and Executive Education Babson On-Demand™ courses provide the flexibility for learners to study on their own schedule while earning valuable credentials at their own pace. Whether strengthening foundational business skills or exploring emerging topics such as AI leadership, the evolving catalog is designed to help participants stay ahead in a rapidly changing business landscape. For organizations seeking a more customized learning experience, Babson partners with companies to develop tailored programs and content that address the unique goals and challenges of their teams.
Entrepreneurial Leadership Certificate Babson College’s Entrepreneurial Leadership (EL) Certificate, offered through the Babson On-Demand™ platform, provides flexible, self-paced learning designed for working professionals seeking to strengthen their leadership and innovation capabilities. Rooted in Babson’s Entrepreneurial Thought & Action® methodology, the program equips learners with practical tools to navigate uncertainty, drive innovation, and translate ideas into impact across industries. To learn more about the EL Certificate and explore the full portfolio of Babson On-Demand™ programs, visit: babson.edu/ELcertificate
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NOTABLE MOMENTS & RESOURCES On May 16, 2026, Babson College celebrated the Class of 2026 during its undergraduate and graduate Commencement ceremonies. More than 4,500 families, friends, faculty, and staff joined to recognize the accomplishments of the graduating class and honor their contributions to the Babson community. Undergraduate Commencement speaker C. Dean Metropoulos ’67, MBA’68, H’26 and graduate Commencement speaker Adriana Cisneros H’26 shared insights and encouragement as graduates prepare to launch the next phase of their entrepreneurial journeys. The celebration started a memorable milestone for the Class of 2026 and welcomed them into Babson’s worldwide alumni community.
Undergraduate Class of 2026 Residents of Needham and Wellesley •
Abel Alvarado
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Mackay Jenkins
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Sima Shinwari
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Danna Ayala
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Linhao Jiang
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Rebeca Tellez
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Anushka Balaraj
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Yuxuan Jin
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Gareth Nathaniel Tiu
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Emma Bedjaoui
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Beidar Khan
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Cristiana Turliuc-Lacroux
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Vardaan Bhatnagar
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Justin Lontoh
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Ella Wilson
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Suphadit Chansrichawla
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Martin Mejia
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Elena Yang
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Kimheat Chheav
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Oleksandra Mukha
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Yao Ye
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Alberto Colón Figueroa
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Anna Obrock
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Kevin Yuen
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Vinny Crosskill
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Jhennifer Oliveira Paula
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Sophia Zepeda
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Andrey Drogin
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Brooks Olson
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Xintong Zhang
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Wenqi Fu
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Elliot Perretta
•
ZiCheng Zhao
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Alejandra González
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Stephen Roberts
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Xuhui Zhou
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Melis Gurbuz
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Gabriella Sally
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Alden Huang
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Alexander Schoss
Graduate Class of 2026 Residents of Needham and Wellesley •
Atishia Aggarwaal
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Dev Gupta
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Jay Kishan Panjiyar
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Mihir Auty
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Puneeth Reddy Jonnala
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Calvin Place
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Rishabh Bansal
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Lik Chung Leung
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Sridhar Rangan
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Samridh Choudhary
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Henry London
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Salohiniaina Ratsimbazafy
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Hugh Curran
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Naman Mehra
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Nicholas Struzenski
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Samuel Curtis
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Margaret Murray
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Miriam Stulin
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Ning Ding
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Margaret Noone
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Gitesh Virmani
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Ekaterina Ergasheva
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Nikki O’Brien
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Christopher Weirup
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Jason Fein
•
Hetik Padshala
•
Kruna Ye
•
ZhiYi Gu
•
Pawan Arvind Pandey
BabsonARTS BabsonARTS offers diverse programming for the campus and broader community, spanning theater, dance, music, film, and the visual and literary arts. Led by director Samantha Gambaccini, it showcases student and professional artists, hosts dynamic speakers, and creates opportunities to explore the intersection of business and creativity across Greater Boston.
Community Engagement BabsonARTS continues to serve as a hub for community engagement, regularly hosting local organizations in its sought-after venue, the Richard & Sandra Sorenson Center for the Arts. Some local groups include Wellesley Theatre Project, Total Eclipse Dance Studio (Needham), Charles River Ballet Academy (Needham), and Kinetic Dance Studio (Norwood), and is available for ongoing opportunities for new collaborations and public programming in 2026 and beyond.
Activating Empathy Human Connection for Entrepreneurial Leaders was one of our many public events available to the local community, exploring how empathy drives leadership success, strong team culture, and workplace wellbeing. Through interactive exercises and discussion, participants learned the science behind empathy and left with practical tools, meaningful connections, and the confidence to apply empathy in their entrepreneurial journeys. For future programs available to our local community, please visit babson.edu/babsonarts.
Looking to rent theater space? The 441-seat theater features wraparound balconies and side boxes that maximize seating while maintaining an intimate feel. It is fully equipped with modern lighting, sound and projection systems, a dance/rehearsal studio, music practice rooms, dressing rooms, green room, and a comfortable lobby. To inquire about rental space please visit: babson.edu/babsonarts.
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Babson Athletics Hometown Athletes • Men’s Skiing: Connor Roy • Baseball: Cal Place • Men’s Lacrosse: Hugh Curran • Men’s Soccer: Will Boecher • Women’s Soccer: Izzy Reidy • Women’s Swimming and Diving: Becky Hwang
Gym Memberships Available Local residents interested in joining our 5,000-squarefoot fitness facility—with access to cardio equipment, lap swimming, group fitness classes, and personal training— can learn more and sign up online. Needham and Wellesley residents are eligible for the Babson Affiliate membership. After enrolling, please contact Marc Butkiewicz at mbutkiewicz@babson.edu to obtain your membership card and parking pass information.
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STAY CONNECTED Careers at Babson Working at Babson means that, every day, you help the College inspire and grow individuals whose ideas can make a real economic and social impact on the world around us. Babson College is where talented people from diverse backgrounds can inspire each other, regardless of role, to make an impact that fuels economic and social value for their students, the community, and each other. Advance your career at Babson College. LEARN MORE About Careers at Babson College
Engage With Us on Social Media @babsoncollege
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JOIN OUR Lifelong Learning Community
Alumni & Friends Volunteer Volunteer Opportunities:
Digital & Social Networking:
•
Mentor Students: Act as a Family Entrepreneurship Mentor or a Frank & Eileen™ Center Mentor.
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Career Development: Participate in mock interviews or resume critique nights with the Center for Career Development.
Use LinkedIn (Babson College or Olin Graduate School pages) to connect with the global community. Students work on company projects.
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Host Projects: Host a Management Consulting Field Experience (MCFE) to have students work on company projects.
Lifelong Learning: Access exclusive professional development and business-centric learning opportunities.
Affinity Groups: Join groups based on shared interests to connect with peers.
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