Powered By Purpose Campaign | Milestone I Report | 2023

P O W E R E D B Y P U R P O S E C A M PA I G N MILESTONE I REPORT · 2023

P O W E R E D B Y P U R P O S E C A M PA I G N

P O W E R E D B Y P U R P O S E C A M PA I G N MILESTONE I REPORT · 2023

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Thank You From the Dean 4

About the Campaign 8

By the Numbers I M PA C T B Y C A M PA I G N P R I O R I T Y 14

Faculty, Thought Leadership & Curricular Innovation 18

Scholarships, Financial Aid & Student Experience 22

Darden Grounds Master Plan, Technology & Innovation 26

Darden Annual Fund 30

A Look Ahead With the Chair 32

Honor Roll 40

School Leadership & Alumni Volunteers

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THANK YOU FROM T HE D E A N EI G H T Y E A R S AG O , I was drawn into UVA

by Chair James A. Cooper (MBA ’84) and his successor Adair B. Newhall (MBA ’09), who just received the chair baton this summer. You can find a complete listing on page 46.

To our staff, the unsung heroes of our campaign, I thank you for your steadfast commitment to our vision. My heartfelt thanks also go out to the University of Virginia, which enhanced the impact of Darden’s campaign through its matching funds program, adding more to scholarship and faculty giving. We are incredibly thankful to be a part of this great American yet global institution.

Your generosity has enriched Darden on multiple fronts, from faculty excellence and research to student scholarships to master plan enhancements. I invite you to reflect on these accomplishments, as they embody the extraordinary potential of collective action to create meaningful transformation.

Together, we have laid a robust foundation and have momentum for the future. As we step into the next phase of our journey with Darden’s characteristic optimism, grit, humility and vigor, we will continue our search for excellence as one of the best business schools in the world, with the best faculty, students and Grounds. I see no horizon too distant for us to reach.

and Darden’s orbit, captivated by its rich history, noble mission, enduring values and vibrant global community. This community’s passion and our beautiful Grounds, blended with core strengths such as world-class faculty and staff and unparalleled learning experiences, have served as the catalyst for us to envision a more promising and expansive future for the School.

Propelled by our shared aspirations, we launched the Powered by Purpose campaign as part of UVA’s ambitious $5 billion Honor the Future campaign. We initially set a bold target of $400 million for the Darden School Foundation, a challenge our passionate and generous community has already fulfilled two years ahead of schedule. Including matching money and all pledges made to support Darden, we have raised $505 million.

The tenacity, resilience and shared purpose of our journey are captured in this report. Each page demonstrates the transformative impact of your contributions and the continuing commitment to propel Darden into a future full of possibility.

To each of our donors, I extend my deepest gratitude. To our tenacious volunteer leaders, I applaud your tireless efforts to make this campaign successful. I am particularly grateful to all the chairs of the Darden School Foundation Board of Trustees who served during this campaign, from the quiet phase through the public launch to the present day — Phil Knisely (MBA ’78), James A. Cooper (MBA ’84), Elizabeth K. Weymouth (MBA ’94), Robert J. Hugin (MBA ’85), Martina Hund-Mejean (MBA ’88) and now Frank M. Sands (MBA ’94). I also want to recognize our Powered by Purpose Campaign Cabinet led

With sincere gratitude,

Scott C. Beardsley Dean and Charles C. Abbott Professor of Business Administration

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ABOUT THE V I S I O N T O R E A L I T Y: PL ANTING THE SEEDS OF TRANSFORMATION

C A M PA I G N PRIORITIES

I N A WO R LD W H ER E business leaders are called to address complex global challenges, Darden leads with purpose. In 2016, we shared Darden Worldwide 2026, a bold vision to bolster our mission and global stature. This vision has sparked innovation, attracted exceptional talent and championed best-in-class infrastructure.

These strategic pillars blossomed into the Powered by Purpose campaign, focused on:

Faculty, Thought Leadership & Curricular Innovation Scholarships, Financial Aid & Student Experience — Darden Grounds Master Plan, Technology & Innovation — Darden Annual Fund — —

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CAM PA IG N A M I S S I O N RO OT E D I N P E O P L E , P U RP O S E AND PROGRESS L AU N C H ED P U B LI C LY I N 2019, the Powered by Purpose campaign embodies Darden’s ethos of empowering individuals, not just teaching business. We champion individuals as the sparks of innovation and success in the business world. The campaign aims to create an environment where individuals can grow, network and thrive. It places human needs at the forefront, especially during challenging times such as the COVID-19 pandemic. Importantly, it seeks to cultivate an inclusive global community, recognizing the value of diverse perspectives in business.

CROWNIN G ACHIEVEMEN TS: AHEAD O F S C H E D U L E A N D B E Y O N D E X P E C TA T I O N S I N 2023, T H E CA M PA I G N achieved its first milestone two years ahead of the 30 June 2025 deadline, raising an unprecedented $406 million. This impressive achievement reflects the enduring commitment of the Darden community. With the inclusion of matching funds and those held outside of Darden, the total impact of the campaign stands at $505 million. What’s truly remarkable is the strong engagement from our alumni network: an astounding 70 percent of alumni actively participated in this transformative initiative. This deep-seated connection and active participation underscore the lasting bond our graduates share with Darden and each other.

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THREE LEGACY GIF TS T H R EE T R A N S F O R M AT I O N A L G I F T S have been critically important to our success: —

Frank M. Sands Sr. (MBA ’63) & Marjorie R. Sands In 2019, Sands Capital Management Founder Frank M. Sands Sr. (MBA ’63) & Marjorie R. Sands made a donation of $68 million, the largest in Darden’s history. This gift launched the Sands Institute for Lifelong Learning, supports Darden’s world-class faculty and is transforming the Darden Grounds in Charlottesville, Virginia — most notably with the construction of The Forum Hotel. With University matching funds, the total impact of this gift is $82 million. This donation empowers Darden to pioneer new approaches to lifelong learning, attract and nurture top-tier faculty, and provide students with state-of-the-art facilities.

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David C. Walentas (MBA ’64) & Jane Walentas Also in 2019, visionary real estate developer David C. Walentas (MBA ’64) & Jane Walentas made a $100 million gift to the Jefferson Scholars Foundation. Of that gift, $38 million advances the Darden School in three ways: a new $25 million Walentas fellowship program for first-generation students; $8 million in additional funding for the existing Darden Jefferson Fellowship Program; and $5 million for a new Jefferson Scholars Foundation professorship in real estate. This generous contribution opens doors for students who might not otherwise have had the opportunity to attend Darden, while also enriching the School’s academic offerings.

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David M. LaCross (MBA ’78) & Kathleen O. LaCross In 2022, Risk Management Technology Founder David M. LaCross (MBA ’78) & Kathleen O. LaCross invested $44 million in Darden.

This gift funds a future Darden research center or initiative on artificial intelligence, endows and names the dean’s chair at Darden, provides seed funding to catalyze the construction of on-Grounds residential housing at Darden and names the botanical gardens at Darden. With $6 million in matching funds from the University, the total impact of the gift to Darden is $50 million. This investment positions Darden at the forefront of AI research, enhances the School’s leadership, and enriches the on-Grounds experience for students and faculty alike.

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T R A N S F O R M A T I V E I M PA C T : M O R E T H A N JUST FUNDING T H ES E T R A N S F O R M AT I O N A L G I F T S are not just about the funding.

They are about investing in individuals, creating spaces for growth, prioritizing well-being and building community.

As a whole, the campaign has also dramatically increased scholarship funds, ensuring that promising applicants never have to turn down Darden due to financial constraints. It has supported the recruitment of dozens of new faculty members, ensuring that Darden’s tradition of faculty excellence continues. And it has encouraged unrestricted giving to Darden, allowing the School’s leadership to quickly allocate resources to emerging priorities.

A F U T URE F ULL OF PROMISE R EF LE C T I N G O N T H E P OW ER ED B Y P U R P O S E campaign through its first four years, we see a story of transformation, vision and purpose. We see a campaign that has not just met its first milestone but exceeded it. And we see a campaign that is still ongoing, still growing and still transforming the world of business education.

The seed planted in 2019 has grown into a mighty tree, its branches reaching out to touch the lives of students, faculty and the global business community. As we look to the future, we anticipate the continued impact of Powered by Purpose as it nurtures the Darden community.

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BY THE NUMBERS

$400 MILLION C A M PA I G N GOAL

OCTOBER 2019

P U B L I C P H A S E C A M PA I G N L A U N C H

APRIL 2023

M E T C A M PA I G N G O A L

*ALL FIGURES AS OF 30 JUNE 2023

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C A M PA I G N N U M B E R S

BY PRIORITY

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$136.4M

03

AMOUNT RAISED FOR DARDEN GROUNDS MASTER PLAN, T E C H N O L O G Y & I N N OVAT I O N

A M O U N T R A I S E D F O R FAC U LT Y, THOUGHT LEADERSHIP & C U R R I C U L A R I N N OVAT I O N , P L U S U VA M AT C H I N G F U N D S U N L O C K E D

40,000

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S Q U A R E F O O TA G E O F S PA C E I N T H E D A R D E N S A N D S FA M I LY GROUNDS IN ARLINGTON, VIRGINIA

NUMBER OF PROFESSORSHIPS E N D OW E D

02

$88.1M

$137.5M

45,000

S Q U A R E F O O TA G E O F S PA C E I N T H E R E N OVAT E D C . R AY SMITH ALUMNI HALL

AMOUNT RAISED FOR SCHOLARSHIPS, FINANCIAL AID & STUDENT EXPERIENCE, PLUS U VA M AT C H I N G F U N D S U N L O C K E D

198

NUMBER OF ROOMS IN THE FORUM HOTEL

92

NUMBER OF SCHOLARSHIPS E N D OW E D

22,000

S Q U A R E F O O TA G E O F I N D O O R MEETING, CLASSROOM AND E V E N T S PA C E AT T H E F O R U M HOTEL

04

$57.4M

AMOUNT RAISED FOR DARDEN ANNUAL FUND

70

PERCENT ALUMNI PA R T I C I PAT I O N I N C A M PA I G N

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BY THE NUMBERS

$50 10

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05M T O TA L I M PA C T OF C A M PA I G N

$406M T O TA L A M O U N T RAISED

$61M

U VA M AT C H I N G F U N D S UNLOCKED

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$38M

FUNDS HELD OUTSIDE DARDEN

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I M PA C T

BY C A M PA I G N PRIORIT Y

P O W E R E D B Y P U R P O S E C A M PA I G N

C A M PA I G N P R I O R I T Y

FA C U LT Y , T H O U G H T LEADERSHIP & CURRICULAR I N N O VA T I O N

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NUMBER OF PROFESSORSHIPS E N D OW E D

Attracting Top-tier Talent: Strengthening Faculty Excellence

The Powered by Purpose campaign strengthens the recruitment of a new generation of top-tier faculty, ensuring the continuation of Darden’s tradition of excellence.

Accelerating Impact: The UVA Bicentennial Professors Fund

The UVA Bicentennial Professors Fund was established by the Board of Visitors to attract the best and brightest faculty as a large group of professors near retirement during the campaign.

Supporting this effort are significant contributions from donors such as: • Frank M. Sands Sr. (MBA ’63) & Marjorie R. Sands, who created 12 professorships • David M. LaCross (MBA ’78) & Kathleen O. LaCross • Altec Styslinger Foundation • James A. Cooper (MBA ’84) & Stacy Cooper • H. William Coogan Jr. (MBA ’82) & Theresa Kost Riddle

Revolutionizing Education: Sands Institute for Lifelong Learning

The campaign is also committed to educational innovation, course development and accommodating diverse student needs. A $20 million endowment for the Sands Institute for Lifelong Learning, established in 2019 by Frank M. Sands Sr. (MBA ’63) & Marjorie R. Sands, determines best practices for teaching lifelong learners and working executives in both degree and non-degree programs.

The institute empowers School faculty to redesign and innovate courses, curricula and programs to meet leaders at all stages of their careers.

Alumni Empowerment: Leading-Edge Leadership Development

Alumni also play a crucial role in faculty development. For instance, a gift from Shannon Smith (MBA ’90) in 2018 launched the Initiative for Transformational Leadership and Learning.

This multidisciplinary program develops and implements a scientifically verified curriculum and learning laboratory for leading-edge leadership development.

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Inspired by Legacy: The Robert F. Bruner Fund for Transformational Learning

Pioneering Research: Driving Thought Leadership

The campaign also fosters ground-breaking research and thought leadership in various sectors. The Richard A. Mayo Center for Asset Management and the Institute for Business in Society (IBIS), supported by Richard A. Mayo (MBA ’68) & Sara Page Mayo and George S. Tahija (MBA ’86) & Laurel Tahija, respectively, have benefited from the campaign’s focus on creating and supporting specific research centers and initiatives. The Mayo Center is instrumental in advancing the study and practice of responsible asset management on a global scale, emphasizing the promotion of responsible stewardship of wealth and the inspiration of citizen-leaders. IBIS is reshaping the perception of the role of business in society, emphasizing the potential of business to create a fairer, more productive, abundant and connected world.

The Robert F. Bruner Fund for Transformational Learning, established in 2023 in honor of Dean Emeritus Bob Bruner, supports the development of the next generation of faculty and the creation of innovative teaching materials at Darden.

Thanks to a lead gift from James A. Cooper (MBA ’84) & Stacy Cooper and support from many other Darden alumni, this fund provides crucial resources to support the world’s best faculty in developing the next generation of teachers and creating innovative teaching materials that set the foundation for a world-class education. Examples include helping our faculty create their own field-based cases, simulations and other materials to bring the creative learning process to life.

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Innovating for the Future: Exploring AI and Ethics

$30M

The campaign helps explore exciting new research areas. For example, a $6.5 million bequest from David M. LaCross (MBA ’78) & Kathleen O. LaCross.

The LaCross investment helps Darden establish momentum toward a future research center or initiative on managing artificial intelligence and ethics — an emerging challenge and opportunity for business and society. This effort augments Darden’s existing collaborations with the UVA School of Data Science and leverages the capabilities of Darden’s Institute for Business in Society and Olsson Center for Applied Ethics. It also helps Darden contribute toward UVA’s ambitious Grand Challenge Research Initiatives — of which “digital technology and society” is one of five focus areas. Such efforts are designed to complement the University’s current research portfolio.

U VA M AT C H I N G FUNDS UNLOCKED

Fostering Excellence in Research: Strengthening Faculty Support

Other initiatives include the Venture Capital Initiative, Real Estate Initiative, Initiative for Transformational Leadership and Learning, and Business Innovation and Climate Change Initiative. These efforts, along with the new Office of Research Services, ensure that faculty have the support they need to conduct groundbreaking research and make an impact in the classroom, business and society.

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C A M PA I G N P R I O R I T Y

SCHOLARSHIPS, FINANCIAL AID & STUDENT EXPERIENCE

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92

NUMBER OF SCHOLARSHIPS E N D OW E D

Enabling Dreams: Increasing Access to Darden

The Powered by Purpose campaign acts as a catalyst, transforming lives by significantly increasing scholarship support and thereby attracting top talent.

Opening Doors: AccessDarden

Launched in 2020, a new merit scholarship program based on financial need, AccessDarden, is a significant step toward making Darden’s world-renowned education affordable to all students. The program, which aligns with the University of Virginia’s AccessUVA program for undergraduates, offers financial grants to students based on need, considering factors such as income, savings and assets. This offering complements an existing portfolio of merit-based scholarships with a need-based component.

Over time, thanks to donor support, AccessDarden grant amounts have grown.

Breaking Barriers: Welcoming First-Generation Talent

In 2019, David C. Walentas (MBA ’64) and Jane Walentas donated $100 million to the Jefferson Scholars Foundation. From this donation, a $25 million Walentas fellowship program was established to support first-generation students pursuing a Full-Time MBA at Darden.

Illuminating Paths: Oculus Fellowships

Mentoring Future Leaders: Future Year Scholars Program

Also launched in 2020, the Oculus Fellowships play a significant role in increasing access to Darden. Named for the Oculus — the circular opening at the apex of the Dome Room in the Rotunda — the fellowships represent the illumination these promising students and their ideas bring to the University and Darden. These generous fellowships provide sufficient financial support so that these leaders of tomorrow can fully develop their talents and contribute to Darden’s student-governed community while pursuing an MBA.

Another example of the campaign’s commitment to increasing access is the growth of Darden’s Future Year Scholars Program, founded thanks to a generous gift by an anonymous donor. The program invites outstanding college students to join Darden before gaining work experience.

Admitted scholars may then begin their MBA after gaining two to five years of work experience.

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(MBA ’88) & Bruno J. Mejean, establishing the Hund-Mejean Family Scholarship Fund to benefit select European students. George S. Tahija (MBA ’86) & Laurel Tahija also made a significant contribution to create a fellowship at the Darden School Foundation, providing scholarships to several students from Indonesia.

Cultivating Community: Promoting Inclusive Excellence

The Powered by Purpose campaign is making significant strides in promoting inclusive excellence at Darden. Darden School Foundation scholarships support diverse populations, including women, firstgeneration students, international students and those with a military background.

Notably, in 2021, the campaign helped launched two Darden School Foundation programs: Breakthrough Scholars and Impact Fellows. Breakthrough is designed to foster a new generation of diverse leadership in private equity, venture capital and other areas of asset management. Impact focuses on those traditionally underrepresented in top business schools and the ranks of senior management, especially women and people of color. This pair of Darden School Foundation meritbased scholarships ensures that those with the greatest potential choose Darden regardless of background, and they foster a lasting culture of inclusive excellence at the School.

Both programs provide recipients with carefully tailored mentorship and leadership development programming involving Darden alumni, faculty, fellow students and staff.

Global Catalyst: Batten Foundation Darden Worldwide Scholarship Program

Established in 2018 through a transformational gift to the Darden School, the Batten Foundation Darden Worldwide Scholarship program ensures students receive firsthand international business experience and a deeper understanding of diverse cultures. This program enables all Full-Time MBA students to participate in a Darden Worldwide Course at no incremental cost. The impact is profound, enriching the Darden community with new perspectives and insights.

It also strengthens Darden’s relationships with businesses and organizations worldwide, enhancing the School’s global reputation and reach.

Alliance for Excellence: Partnering for Greater Impact — The campaign’s focus on global experiences extends to its partnerships with external organizations. For example, the William G. McGowan Charitable Fund’s McGowan Fellows Program, which Darden joined in 2019, provides a full-tuition scholarship and a host of experiential leadership development opportunities to a rising Second Year Full-Time MBA student at Darden. This program not only supports the development of future business leaders but also fosters international collaboration and understanding.

Celebrating Roots: Attracting International Students

The Powered by Purpose campaign is also making significant strides in promoting global connection, recognizing the importance of a global perspective in today’s interconnected world. For example, the Darden School Foundation received generous gifts from Martina Hund-Mejean

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$31M

U VA M AT C H I N G FUNDS UNLOCKED

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C A M PA I G N P R I O R I T Y

DARDEN GROUNDS MASTER PLAN, TECHNOLOGY & I N N O VA T I O N

198

NUMBER OF ROOMS IN THE FORUM HOTEL

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Hospitality With Purpose: The Forum Hotel’s Vision for Sustainability

The Powered by Purpose campaign is actively transforming academic and recreational facilities at Darden. A shining example is The Forum Hotel, also known as the Frank M. Sands Sr. and Marjorie R. Sands Hotel at Darden and Conference Center for Lifelong Learning.

Reflecting our commitment to sustainability, this property meets LEED-certified and green building standards. The Forum Hotel’s economic model also follows a flywheel effect. This venue acts as a pseudo-endowment, fostering the School’s core values and hosting diverse events like academic conferences and executive education.

This landmark, brought to life by an extraordinary $20 million gift from Frank M. Sands Sr. (MBA ’63) and Marjorie R. Sands in 2019, has since been supported by more than 100 other donors, including: • The Altec/Styslinger Foundation • Richard D. Crawford (MBA/JD ’74) & Barbara J. Crawford • James A. Cooper (MBA ’84) & Stacy Cooper • Robert J. Hugin (MBA ’85) & Kathleen Hugin • Martina Hund-Mejean (MBA ’88) & Bruno J. Mejean • The Melville Foundation • Donald E. Morel Jr., Ph.D. (TEP ’97) & Lauren Morel • Steven C. Voorhees (MBA ’80, Parent ’14) & Celia H. Voorhees

Emerald Oasis: Enhancing Nature and Well-Being

Adjacent to the hotel, an arboretum, funded by George S. Tahija (MBA ’86) & Laurel Tahija, and botanical gardens, supported by David M. LaCross (MBA ’78) & Kathleen O. LaCross, are set to open soon. These spaces are designed to enhance Darden’s aesthetic appeal and provide opportunities for outdoor education and collaboration.

Living the Darden Experience: On-Grounds Residential Housing

The campaign is exploring on-Grounds housing, partly supported by a generous investment from David M. LaCross (MBA ’78) & Kathleen O. LaCross. The planned residential housing will further enhance Darden’s education experience, recently rated the best in the U.S. for the tenth straight year by The Economist among FullTime MBA programs. Revenue-generating investments in Darden’s infrastructure, like this one and The Forum Hotel, provide new, sustainable financial support for student and faculty excellence at the School.

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Empowering Global Leaders: UVA Darden D.C. Metro

The Sands Family Grounds of UVA Darden D.C. Metro in Arlington, Virginia, stands as a testament to Darden’s global reach. This dynamic space, dedicated in 2019, is housed on the top two floors of a LEED Gold-certified 31-story building. It offers state-of-the-art classrooms, offices and event space with spectacular views of the Potomac River and the Washington, D.C., skyline. Not only does it serve as a hub for Darden’s presence in the D.C. metro area, but it also amplifies our impact in this pivotal region, connecting students and faculty to a network of businesses, policymakers and innovators. This facility is named for Frank M. Sands Sr. (MBA ’63) and Frank M. Sands (MBA ’94), whose support made the state-of-the-art facility possible.

Honoring Legacy: Smith Hall Transformation and its Impact

The transformation of the C. Ray Smith Alumni Hall is another significant achievement of the campaign. Named after Professor Emeritus C. Ray Smith (MBA ’58), a distinguished educator, administrator and visionary leader, the hall now houses spaces to support alumni engagement, online learning and lifelong learning. Smith’s legacy continues to inspire the Darden community, and the revitalization of the hall named in his honor strengthens Darden’s roots in Charlottesville. This renovation enhances the School’s ability to engage with the local community, welcome visitors and host events, further cementing Darden’s role as a leading institution in the region and beyond. This transformation was made possible by the generosity of the late Frank M. Sands Sr. (MBA ’63), who spurred the renovation with a $7.2 million matching challenge; the Red Gates Foundation, created by the estate of the late Hunter Goodwin (MBA ’95), which contributed $5 million towards the project; and 44 other donors.

40,000

S Q U A R E F O O TA G E O F S PA C E I N T H E DARDEN SANDS FA M I LY G R O U N D S I N ARLINGTON, VIRGINIA

Nurturing Innovation: Reimagined Learning Spaces

The campaign prioritizes learning and event spaces that foster innovation and creativity. The W.L. Lyons Brown III (MBA ’87) i.Lab — created thanks to his founding gift and relocated from Sponsor’s Hall to the Classroom Building — was a significant development. This move has allowed for trials of new learning team room configurations, enhancing the student experience.

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C. Ray Smith Alumni Hall

Art Installation in The Forum Hotel

Bruner Case Study at The Forum Hotel

Socrates Classroom at The Forum Hotel

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C A M PA I G N P R I O R I T Y

DARDEN ANNUAL FUND

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Illuminating Success: The Annual Fund’s Journey and Engagement

The Darden Annual Fund continues to shine as a beacon of success and engagement throughout the ongoing Powered by Purpose campaign.

A key highlight is the unprecedented alumni participation in Giving Day events. The inaugural GivingToHoos Day in April 2016 saw Darden outpace all other UVA schools in funds raised. This success was only amplified in subsequent years.

During the third GivingToHoos Day in April 2018, the Darden Annual Fund celebrated its first million-dollar day. The record for most alumni participation was set in 2019, with an impressive 1,530 donors, showcasing our community’s growing enthusiasm and commitment. This momentum carried forward when the School launched its own giving day in 2022.

The unrestricted nature of annual fund giving empowers Darden to be agile and allocate resources to emerging priorities. For instance, the fund consistently supports faculty searches, a need that has significantly increased due to a wave of faculty retirements in recent years. This flexible funding is instrumental in upholding Darden’s high academic standards and ensuring the School’s continued success. The annual fund’s impact is a testament to the power of collective giving and the unwavering support of our community.

Providing Aid: Scholarships and Student Support

The Darden Annual Fund continues to serve as a resource for many students, providing essential scholarships and financial support. Unrestricted giving, the source of more than half of Darden’s scholarships, is instrumental in making the School more accessible to students from all backgrounds and circumstances.

Moreover, the fund plays a pivotal role in enhancing the student experience. Starting in 2022, the annual fund began sponsoring several organizations, including the Darden Student Association. This sponsorship significantly reduces associated costs, helping students focus on community building. This initiative not only fosters a more inclusive community but also enriches the overall student experience at Darden. As the Powered by Purpose campaign continues, the annual fund remains committed to supporting our students and fostering an engaging and supportive learning environment.

70%

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Rising to the Challenge: Pandemic Response and Technological Advancement

However, our most remarkable achievement in sustainability was recognized by the Financial Times in its Global MBA Ranking 2023. The new ranking methodology places a fresh emphasis on sustainability, diversity and how business schools engage with societal challenges. Darden achieved the top rank in the category “Best for Carbon Footprint,” reflecting our commitment to tackling emissions. This accolade stemmed from our achievement of carbon neutrality in 2019, attained partly through guaranteeing payments for electricity generated without fossil fuels, which allowed for a new solar plant that supplies the School. Our ambitious sustainability targets for 2030 underscore our continued commitment to this critical mission.

As the COVID-19 pandemic unfolded, the generosity of our community enabled Darden to advance its digital capabilities while continuing to offer in-person instruction — a feat not all business schools could achieve. The Darden Annual Fund played a pivotal role in helping the School navigate the challenges posed by the pandemic.

The fund provided financial support for students facing hardship, ensuring that no student’s education was disrupted due to financial constraints. It also covered the costs of new technology required for virtual operations and classes, ensuring the continuity of operations. This included the acquisition of new technology and the addition of staff to support the virtual classroom.

The fund also outfitted conference rooms with Zoom and procured equipment and software to improve the quality of virtual classes. These advancements ensured a seamless transition to virtual learning during the pandemic and enhanced Darden’s digital capabilities for the future.

Fostering Inclusivity: Creating a Culture of Value and Support

The Darden Annual Fund also champions inclusivity, contributing to a diverse and supportive community. By funding key affinity clubs and increasing access to professional development opportunities, Darden ensures an environment that values and supports every student.

In 2021, the fund supported the Dean’s Diversity Advisory Council challenge, leading to a surge of support for inclusive excellence initiatives. This funding enables a broader set of recruitment activities, increased admissions outreach and scholarship opportunities, and it supports the student-to-alumni transition with compelling engagement opportunities.

These efforts demonstrate the annual fund’s commitment to fostering an inclusive community at Darden.

Driving Sustainability: Achieving a Global Lead in Carbon Footprint Reduction

The Darden Annual Fund is instrumental in fueling the School’s vision for sustainability.

One significant initiative is the reduction of the School’s environmental footprint. By late 2022, Darden reduced paper cup usage by 50 percent, with a target of an additional 50 percent reduction, aiming to eliminate disposable cups at First Coffee by fall 2023.

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A LOOK AHEAD WITH THE CHAIR

REFLECTING ON SUCCESS AND OVERCOMIN G CHALLEN GES — Completing the first milestone is a testament to the resilience and commitment of the Darden community. We have faced challenges — not least the global pandemic — but have emerged stronger, more united and more determined. Our community has tremendous confidence in Darden’s mission to improve society by developing principled leaders for the world of practical affairs.

C H A RT I N G T H E C O U R S E FOR THE FUTURE — As we turn the page on the first milestone of the Powered by Purpose campaign, we find ourselves at the precipice of a new chapter. We have achieved much, but our journey is far from over. The next milestone, Faculty Forward, is on the horizon, ready to propel the campaign with renewed vigor through 2025. This next phase will focus on supporting our world-class faculty and staff and ensuring their continued growth and development.

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REAFFIRMING OUR COMMITMENT TO DARDEN ’S MISSION — As we look ahead, our commitment to Darden’s mission remains unwavering. We will continue to invest in our faculty, fostering an inclusive community, and facilitating learning through innovative spaces and technology. Our faculty are not just educators; they are thought leaders, innovators and mentors. They are the ones who bring our mission to life, and it is our responsibility to provide them with the resources and support they need to thrive.

WE INVITE YOU TO CONTINUE THE JOURNE Y — The journey of the Powered by Purpose campaign is a shared one, made possible by the collective efforts of alumni, donors and supporters. As we embark on the next phase of our journey, I invite you to join us. Whether it’s through volunteering, contributing financially or sharing the campaign’s successes with others, your involvement is crucial. Together, we can continue to make a meaningful impact and shape the future of Darden.

THE NEXT MILESTONE: FA C U LT Y F O R WA R D —

We have incredible teachers in our faculty ranks, and we must continue to nurture them. This next milestone, under the stewardship of Adair B. Newhall (MBA ’09), the new chair of the Powered By Purpose Campaign Cabinet, will help us attract and retain the next generation of faculty all-stars and ensure that Darden remains at the forefront of business education.

Faculty Forward is more than just a campaign goal. It is a commitment to our faculty, a promise to provide them with the resources they need to excel in their roles as educators, researchers and thought leaders. It is about putting our faculty first, because we know that when our faculty thrive, so does Darden. As we move forward, I hope you join us in making Darden the place where great teaching and great ideas intertwine.

Frank M. Sands (MBA ’94) Chair Darden School Foundation Board of Trustees

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HONOR ROLL

P O W E R E D B Y P U R P O S E C A M PA I G N

C A M PA I G N L E A D E R S H I P G I F T S This list recognizes donors who have made cumulative commitments of $100,000 or more between 1 July 2013 and 30 June 2023.

Anonymous (6) 3M Daniel Abdun-Nabi Nina Abdun-Nabi ’82 + Accenture Kirby Clarke Adams ’79 AirBnB James C. Allison ’82 Altec/Styslinger Foundation Alumni Board of Trustees L. Bradford Armstrong ’74 Michael S. Augins ’99 John E. Baber III ’66 & Ann Baber Stephen E. Bachand ’63 & Phyllis Bachand Joseph Paul Balog ’88 & Cheryl S. Balog Thomas J. Baltimore Jr. ’91 & Hillary D. Baltimore R. David Banyard Jr. ’04 & Diane Banyard Dorothy Neal Batten ’90 Frank Batten Jr. ’84 & Aimee C. Batten The Batten Foundation David A. Beach ’69 & Carolyn H. Beach Melvin D. Beale ’76 & Ann J. Beale Claire Dufournet Beardsley & Scott C. Beardsley John R. Belk ’86 & Kimberly D. Belk Donald R. Benson ’89 & Christine Benson Richard E. Berry ’94 & Ana Maria Hernandez Berry Jolene H. Bodily & Samuel E. Bodily Stacy H. Bolduc ’90 & John P. Bolduc ’90 Jacqueline Glynn Brandin ’93 Gregg Brooks ’09 & Chandra Brooks W.L. Lyons Brown III ’87 & Susanna S. Brown Barbara M. Bruner & Robert F. Bruner Mary Buckle Searle ’86 & Stewart Searle J. Andrew Bugas ’86 & Maryann H. Bugas

Liane Burckhardt The Melville Foundation A. Hazen Burnet ’69 & Sarah M. Burnet Wesley G. Bush John M. Camp III ’79 & Caren Camp William D. Cannon Jr. ’68 + & Nancy Cannon Kristin R. Carlock ’93 & Ronald C. Carlock Jr. ’93 J. Scott Carter ’99 & Ann B. Carter Susan J. Chaplinsky + Nancy B. Chappell & Samuel M. Chappell III G. David Cheek ’79 & Katherine P. Cheek James S. Cheng ’87 & Jeanette Wang Cheng Robert K. Citrone ’90 T. Scott Coleman ’79 & Yasmine Z. Coleman Hugh M. Comer II ’91 & Debora R. Comer H. William Coogan Jr. ’82 & Theresa Kost Riddle Susan Christian Coogan ’82 James A. Cooper ’84 & Stacy L. Cooper Corning Incorporated Charles R. Cory ’82 & Kimberlee Cory Gordon Crawford ’71 & Dona Crawford Richard D. Crawford ’74 & Barbara J. Crawford R. Scott Creighton ’82 Hugh Cullman Guillaume M. Cuvelier ’91 Richard P. Dahling ’87 & Nancy L. Sanborn Danaher Corporation William K. Daniel II ’91 & Robin W. Daniel Terrence D. Daniels ’70 & Courtnay S. Daniels George A. L. David ’67 William A. Dawson ’67 Michael A. DeCola ’77 & Lee F. DeCola Allison Cryor DiNardo ’88 Diana Lady Dougan

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Robert G. Doumar Jr. ’88 & Noelle C. Doumar John O. Downing ’82 & Frances vS Downing Charles G. Duffy III ’87 Peter Merrill Dunn ’81 James Kegebein Dunton ’62 + & Nancy Hilton Dunton Eastman Franklin S. Edmonds Jr. ’95 & Pamela F. Edmonds Tyrone W. Eggemeyer ’89 & Leslie F. Eggemeyer Louis G. Elson ’90 Robert William Emery Jr. + Ewing Marion Kauffman Foundation Albert Hugh Ewing III ’71 & Susan Ewing Jay W. Faison ’95 Luke E. Fichthorn IV ’98 & Katherine B. Fichthorn Lawton W. Fitt ’79 & James I. McLaren Fortive, Inc. John D. Fowler Jr. ’84 & Corey P. Fowler Paul L. Fowler Jr. ’81 & Sandra J. McDiarmid Mei Kwong Franklin & Larry Franklin Sterling C. Franklin Catherine Joan Friedman ’86 & Jon R. Duane Christine A. Fruehwirth ’96 & John M. Fruehwirth ’96 Thomas M. Fulcher Jr. ’86 Darren Adam Fultz ’06 Michael J. Ganey ’78 Martha L. Gangemi ’87 & Michael Gangemi ’86 Frederic H. Garner IV ’90 Katherine Dudley Garner + Palmer P. Garson ’83 & Douglas D. Garson Frank E. Genovese ’74 & Susan L. Genovese John M. Geraghty ’72 Carson Gleberman ’86 & Joseph Gleberman Barbara A. Glynn & John W. Glynn Jr. + Kenneth M. Good Jr. ’93 Andrea P. Goodman ’84 & Donald W. Goodman ’84 David W. Goodrich ’73 & Julie Houk Goodrich Kirsti W. Goodwin ’02 & Matthew T. Goodwin William H. Goodwin Jr. ’66 & Alice T. Goodwin Patrick C. Graney III ’81 & Jessica S. Graney Peter M. Grant II ’86 & Colleen J. Grant Gregory B. Graves ’89 James Randall Groch ’85 & Mignon Groch John W. Guinee III ’82 & Michelle K. Guinee

Naren K. Gursahaney ’89 Estate of Steven D. Hale Alice W. Handy + Robert D. Hardie MBA ’95, Ph.D. ’99 & Molly G. Hardie Harris Williams & Company W. Barnes Hauptfuhrer ’81 & Camilla Robinson Hauptfuhrer William A. Hawkins III ’82 & Sharon D. Hawkins HBM Holdings Peter J. Hicks ’74 & Kathryn V. Hicks Daniel B. Hirschhorn ’88 John P. Hodgson ’87 & Malia Blythe Jeffers Bret W. Holden ’88 & Jeanne Marie Holden Mary M. Hoobler ’88 Andrew P. Houlahan ’66 Robert L. Huffines ’92 & Lisa G. Huffines Robert J. Hugin ’85 & Kathleen Hugin Martina Hund-Mejean ’88 & Bruno J. Mejean A. Gibboney Huske ’97 William I. Huyett ’82 & Lauren M. Huyett Claire C. Hyde ’80 & William L. Hyde Jr. Margaret M. Jacobsen ’87 & Richard C, Jacobsen Jr. ’89 David C. Johnson Jr. ’84 & Caroline D. Johnson John B. Jung Jr. ’84 & Connie B. Jung John Paul Kanan ’06 Kevin J. Keegan Richard I. Kellogg ’72 David B. Kelso ’82 & Sara E. Kelso John K. Keppler ’02 & Dianne Keppler Rosemary B. King ’91 & Martin G. King ’91 Mark J. Kington ’88 & Ann A. Kington John B. Kishman ’82 Ryan Paul Knauss ’00 & Christina M. Knauss Philip W. Knisely ’78 & Patricia Knisely David M. LaCross ’78 & Kathleen O. LaCross Linwood A. Lacy Jr. ’69 & Constance C. Lacy Mark C. Lamarre ’90 Robert E. Lamb II ’70 & Charlotte Lamb Bruce R. Lauritzen ’67 Douglas R. Lebda ’14 & Megan Lebda Devin A. Lert ’21 John G. Lert Jr. ’73 Buddy LeTourneau ’73 & Terry Revell LeTourneau Lemuel E. Lewis ’72 & Sandra W. Lewis

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Michael E. O’Neill ’74 & Patricia J. O’Neill G. Ruffner Page Jr. ’86 & Virginia W. Page John W. Parsons ’89 & Ellen T. Parsons Richard J. Parsons ’80 & Yvette V. Parsons Mark R. Patterson ’87 & Thea Jennie Lewis Patterson William H. Payne II ’22 David T. Pearson ’11 & Sarah M. Pearson Zhiyuan “Jerry” Peng ’03 & Ying Hu Antonio U. Periquet Jr. ’90 & Martha I. Periquet G. Patrick Phillips ’73 & Deborah Phillips Jerome C. Philpott ’88 & Ann S. Philpott Dominic M. Pomponi ’05 & Kimberly Pomponi John A. Powell ’82 Scott A. Price ’90 & Shizuko M. Price Theodore W. Price ’68 & Carol B. Price Karen Beyer Radulovacki ’88 & Bradford Radulovacki Michele J. Rankin & Owen K. Rankin Ryan D. Rayborn ’10 & Jessica Rayborn Red Gates Foundation Thomas W. Reedy Jr. ’91 & Jennifer Byrd Reedy Robert Eugene Reeve ’85 Harry T. Rein ’73 & Susan D. Rein Steven S Reinemund ’78 & Gail T. Reinemund Matthias D. Renner ’86 & Linda G. Renner Margaret H. Roberts ’01 & Justin J. Roberts W. Gregory Robertson ’70 Thomas E. Robinson ’73 James G. Rose Jr. ’85 & Margaret W. Rose Joyce E. Rothenberg ’85 & Mace Rothenberg Frank M. Sands Sr. ’63 + & Marjorie R. Sands + Frank M. Sands ’94 & Julie Logan Sands Douglas A. Scovanner ’79 & Mary M. Scovanner Francine Newton Shanfield ’87 & Robert J. Shanfield ’87 William Q.O. Shelton Jr. ’93 Henry F. Skelsey ’84 & Susan W. Skelsey Thomas A. Smallhorn ’94 Anthony W. Smith ’87 & Elizabeth Roberts Smith Robert W. Smith ’87 & Teresa Smith Shannon G. Smith ’90 Taylor Kent Smith ’84 & Mary L. Smith Susan Nancy Sobbott ’90 Susan K. Snyder & Robert E. Spekman

Samuel Ashby Lewis J. Theodore Linhart ’71 & Mary L. Linhart M. Jayson Lipsey ’08 & Catie Lipsey Wendy Wei Liu ’03 & Jimmy Jianzhong Wei ’02 John G. Loverro ’00 & Bridie Loverro Amanda Lozano ’09 Donald A. Lucchesi ’79 & Elizabeth W. Lucchesi Elizabeth H. Lynch ’84 & Daniel S. Lynch ’84 C. H. Randolph Lyon ’67 & Evelyn H. Lyon Thomas C. MacAvoy + & Margaret M. MacAvoy + John G. Macfarlane III ’79 & Dudley W. Macfarlane Mackenzie Family Foundation James C. Magill Jr. ’79 Todd R. Marin ’89 & Fiona Kotur Marin Evan Morgan Massey + Joan Carpenter Massey + Randee Massey & William B. Massey Jr. Rebecca C. Massey & William E. Massey Jr. Richard A. Mayo ’68 & Sara Page Mayo Elizabeth Quin McCann ’08 & John R. McCann Jr. ’08 Brian N. McDonald ’87 & Margaret McDonald Mark C. Mead ’90 & Susan Gunton Mead Peter C. Meisel ’86 & Susan Meisel James K. Meneely III ’97 & Jennifer R. Meneely Carolyn S. Miles ’88 & Brendan Thomas Miles ’88 + Curtis J. Miller ’02 David L. Miller ’72 & Helen Miller G. Gilmer Minor III ’66 + E. Benjamin Mix III ’86 Garth Monroe ’05 Clifford Dickson Moore III ’81 Roy J. Moore ’86 & Lisa Moore Donald E. Morel Jr., Ph.D. (TEP ’97) & Lauren Morel Albert N. Morgan Jr. ’72 & Carla H. Morgan Morris S. Smith Foundation Kimberly B. Morrish ’93 Marshall N. Morton ’72 & Caroline Morton J. Byrne Murphy ’86 and Pamela Murphy Paul A. Murphy + L. Paul Nelson II ’77 & Lee Melchor-Nelson Adair B. Newhall ’09 & Kathryn M. McCann-Newhall Joseph Niehaus Ernest Mitchell Norville ’84 & Carla S. Norville

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Allan W. Staats ’62 + & Barbara G. Staats + The Stamps Scholars Foundation Anand Emmanuel Stanley ’03 & Tiffany Stanley George Stelljes III ’88 Peter A. Stoudt John R. Strangfeld ’77 Benjamin J. Sullivan Jr. ’82 & Charlotte M. Sullivan George S. Tahija ’86 & Laurel Claire Tahija Mark B. Templeton ’78 & Yvonne Shuler-Templeton Bruce R. Thompson ’90 Warren M. Thompson ’83 & Danielle Stoessel Thompson Kelly M. Thomson ’99 Thomas D. Tichenor ’11 James W. Todd ’64 + & Sharon K. Todd James P. Totten ’85 & Josephine Totten Lowell Simmons Ukrop ’89 & R. Scott Ukrop ’89 Robert S. Ukrop ’72 & Jayne B. Ukrop William P. Utt ’84 & Carolyn S. Utt Edward W. Valentine ’93 & Laura Valentine Cynthia A. van Eck & Jan F. van Eck Steven C. Voorhees ’80 & Celia Voorhees Bradley J. Waitzer ’87 & Terry Waitzer David C. Walentas ’64 & Jane Walentas + Thomas R. Watjen ’81 & Nanette A. Watjen Nancy Shepherd Webb ’77 & David N. Webb ’77 Roger L. Werner Jr. ’77 & Karen Werner Alexander R. Westra ’12 Elizabeth Kirk Weymouth ’94 & Philip B. Weymouth III ’93 Gary R. Wilhite ’84 Donald M. Wilkinson ’66 + & Lucinda P. Wilkinson + William G. McGowan Charitable Fund William H Donner Foundation Charles H. Witmer ’83 & Meryl B. Witmer Robert C. Woodworth ’73 & Joyce Woodworth Jianwei J. Yao ’01 & Wenjing Mao Richard S. Youngman ’76 Marietta Edmunds Zakas ’82 & Dennis L. Zakas

+ = Deceased

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P O W E R E D B Y P U R P O S E C A M PA I G N

P R I N C I PA L D O N O R S S O C I E T Y Founded in 2003, the Principal Donors Society recognizes those who support Darden at the highest level of lifetime giving. Through philanthropic support of $1 million or more, Principal Donors have truly established themselves as the School’s most loyal stewards. (Membership as of 30 June 2023.)

Jefferson Level: $25M+ Frank Batten Sr. + * William H. Goodwin Jr. ’66 & Alice T. Goodwin * David M. LaCross ’78 & Kathleen O. LaCross Frank M. Sands Sr. ’63 + & Marjorie R. Sands + David C. Walentas ’64 & Jane Walentas +

John W. Glynn Jr. + & Barbara A. Glynn In Honor of the Class of 1957 Gary T. Jones ’74 & Elizabeth Rhett Jones * Doug Lebda ’14 & Megan Lebda Lemuel E. Lewis ’72 & Sandra Lewis H. Eugene Lockhart Jr. ’74 & Terry J. Lockhart * John G. Macfarlane III ’79 & Dudley W. Macfarlane * The Melville Foundation Dan T. Montgomery ’77 Donald E. Morel Jr. TEP ’97 & Lauren Morel Michael E. O’Neill ’74 & Patricia J. O’Neill Frank M. Sands ’94 & Julie Logan Sands Robert W. Smith ’87 & Teresa Smith Allan W. Staats ’62 + & Barbara G. Staats + James W. Todd ’64 + & Sharon K. Todd * Steven C. Voorhees ’80 & Celia Voorhees Thomas R. Watjen ’81 & Nanette A. Watjen Donald M. Wilkinson ’66 + & Lucinda P. Wilkinson + *

Madison Level: $10M–24.9M Altec/Styslinger Foundation The Batten Foundation * James A. Cooper ’84 & Stacy Cooper George A. L. David ’67 * Robert J. Hugin ’85 & Kathleen Hugin Richard A. Mayo ’68 & Sara Page Mayo * George S. Tahija ’86 & Laurel Claire Tahija Monroe Level: $5M–9.9M H. William Coogan Jr. ’82 & Theresa Kost Riddle Frank E. Genovese ’74 & Susan L. Genovese * Kirsti W. Goodwin ’02 & Matthew T. Goodwin W. Hunter Goodwin III ’95 + & Crystal H. Goodwin Robert D. Hardie MBA ’95, Ph.D. ’99 & Molly G. Hardie Martina Hund-Mejean ’88 & Bruno J. Mejean Red Gates Foundation Thomas A. Saunders III ’67 + & Mary Jordan Saunders * John R. Strangfeld ’77

Colonnade Level: $1M–2.4M Anonymous (3) Kirby Clarke Adams ’79 Beverley W. Armstrong ’66 + * & Carol C. Armstrong Stephen E. Bachand ’63 & Phyllis Bachand Thomas J. Baltimore Jr. ’91 & Hillary D. Baltimore Dorothy Neal Batten ’90 * Frank Batten Jr. ’84 & Aimee C. Batten * E. Thayer Bigelow Jr. ’67 * Stacy H. Bolduc ’90 & John P. Bolduc ’90 William D. Cannon Jr. ’68 & Nancy Cannon Susan J. Chaplinsky +

Rotunda Level: $2.5M–4.9M W.L. Lyons Brown III ’87 & Susanna S. Brown Terrence D. Daniels ’70 & Courtnay S. Daniels * Colgate W. Darden Jr. + & Constance Darden + * U. Bertram Ellis Jr. ’79

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G. David Cheek ’79 & Katherine P. Cheek James S. Cheng ’87 & Jeanette Wang Cheng Gordon Crawford ’71 & Dona Crawford Hugh Cullman William K. Daniel II ’91 & Robin W. Daniel Robert G. Doumar ’88 & Noelle Doumar John O. Downing ’82 & Frances vS Downing Charles G. Duffy III ’87 * Franklin S. Edmonds ’95 & Pamela F. Edmonds Louis G. Elson ’90 Lawton W. Fitt ’79 & James I. McLaren * John D. Fowler Jr. ’84 & Corey P. Fowler Peter M. Grant II ’86 & Colleen Grant Bret W. Holden ’88 & Jeanne Marie Holden Thomas V. Inglesby ’84 & Joan W. Inglesby John B. Jung Jr. ’84 & Connie B. Jung Peter D. Kiernan ’79 & Eaddo H. Kiernan Martin L. Killgallon II ’72 & Deborah Killgallon * William C. Killgallon TEP ’76 & Susan Killgallon * Mark J. Kington ’88 & Ann Kington Philip W. Knisely ’78 & Patricia Knisely Robert E. Lamb II ’70 & Charlotte Lamb Bruce R. Lauritzen ’67 John G. Lert Jr. ’73 & Devin A. Lert ’21 Lawrence Lewis Jr.+ & Janet P. Lewis + * Daniel S. Lynch ’84 & Elizabeth H. Lynch ’84 Thomas C. MacAvoy + & Margaret M. MacAvoy + J. Huston McCollough II ’75 & Joan S. McCollough * Barclay McFadden III ’76 & Jane Perry McFadden Albert N. Morgan Jr. ’72 & Carla H. Morgan Morris S. Smith Foundation, Trustees Sterling, Larry and Mei Franklin Marshall N. Morton ’72 & Caroline Morton J. Byrne Murphy ’86 and Pamela Murphy Paul A. Murphy + G. Ruffner Page Jr. ’86 & Virginia W. Page Zhiyuan “Jerry” Peng ’03 & Ying Hu Harry T. Rein ’73 & Susan D. Rein Douglas A. Scovanner ’79 & Mary M. Scovanner Mary Buckle Searle ’86 and Stewart Searle John T. Siegel ’67 + & Alice H. Siegel * Henry F. Skelsey ’84 & Susan W. Skelsey

Shannon G. Smith ’90 E. Roe Stamps IV & Penny Stamps + Wallace Stettinius ’59 & Mary Gray Stettinius Henri A. M. Termeer ’73 + & Belinda Herrera-Termeer Bruce R. Thompson ’90 Warren M. Thompson ’83 & Danielle Stoessel Thompson Lowell Simmons Ukrop ’89 & R. Scott Ukrop ’89 William P. Utt ’84 & Carolyn S. Utt Bradley J. Waitzer MBA/JD ’87 & Terry Waitzer David N. Webb ’77 & Nancy Shepherd Webb ’77 Thomas E. Worrell Jr. ’71 *

* = Founding Member + = Deceased

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SCHOOL LEADERSHIP & A LU M N I VOLUN T EERS

P O W E R E D B Y P U R P O S E C A M PA I G N

DARDEN SCHOOL ENTERPRISE TEAM Part of Darden’s administrative leadership, the Enterprise Team includes senior leaders with major cross-Darden responsibilities who meet regularly to set, review and execute the School’s strategy.

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Scott C. Beardsley Dean and Charles C. Abbott Professor of Business Administration

Christie Julien Senior Assistant Dean for Diversity, Equity and Inclusion

Kirby Armentrout Senior Assistant Dean and CFO

Dean Krehmeyer (MBA ’99) Chief of Staff and Chief Administrative Officer

Kushagra Arora Chief Digital Officer

Michael Lenox Special Advisor for the Dean

Dawna Clarke (TEP ’03) Senior Assistant Dean of Admissions

Jeff McNish Assistant Dean, Darden Career Center

Shaele Culbreath Assistant Vice President of Engagement

Joanne Meier Assistant Dean, Instructional and Digital Initiatives

Juliet Daum (TEP ’22) Chief Marketing and Communications Officer

Carolyn Miles (MBA ’88) Professor of Practice, Special Adviser to the Dean and Interim President, Darden School Foundation

Martin Davidson Interim Executive Director, University of Virginia Contemplative Sciences Center Senior Associate Dean and Global Chief Diversity Officer

Melissa Thomas-Hunt Senior Associate Dean for the Residential Full-Time MBA Program Senior Adviser to the Dean for Belonging and Community

(ON LEAVE UNTIL SUMMER 2024)

Sarah Elliott Senior Assistant Dean, Student Engagement and Full-Time MBA Program

Anne Trumbore Chief Digital Learning Officer

Heather Enos CFO, Treasurer and SVP, Office of the President, Darden School Foundation

Sankaran Venkataraman Senior Associate Dean for Faculty & Research

Greg Fairchild (MBA ’92) Associate Dean for Washington, D.C., Area Initiatives Dean and CEO of UVA | Northern Virginia

Rajkumar Venkatesan Academic Director of the MSBA Program

Yael Grushka-Cockayne Senior Associate Dean for Professional Degree Programs

Maureen Wellen Executive Director, Faculty Advancement

Jen Halpin Senior Director, D.C. Metro Initiatives

Ron Wilcox Senior Associate Dean of Executive Degree Programs

Samantha Hartog Deputy Vice President of Advancement

Ashley Williams Chief Executive Officer and Chief Learning Officer for Executive Education and Lifelong Learning

R. Marc Johnson (EMBA ’13) Senior Associate Dean for Student Engagement and Chief Strategy and Innovation Officer

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DARDEN SCHOOL FOUNDATION BOARD OF TRUSTEES The Darden School Foundation actively promotes philanthropic support and manages endowment funds to benefit the School. It plays a crucial role in operating the executive education program and hospitality services. The board provides essential guidance and support, serving as a vital link between the academic and business communities in shaping strategic initiatives.

(Membership as of 1 July 2023.)

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Chair Frank M. Sands (MBA ’94)

William Q.O. Shelton Jr. (MBA ’93) Erik A. Slingerland (MBA ’84) Robert W. Smith (MBA ’87) Shannon G. Smith (MBA ’90) Susan N. Sobbott (MBA ’90) Anand E. Stanley (MBA ’03) Mark J. Styslinger Bruce R. Thompson (MBA ’90) Lilo Simmons Ukrop (MBA ’89) Steven C. Voorhees (MBA ’80) Jimmy Jianzhong Wei (MBA ’02) Martie Edmunds Zakas (MBA/JD ’84)

Vice Chair John D. Fowler Jr. (MBA/JD ’84) Immediate Past Chair Martina Hund-Mejean (MBA ’88) Members John P. Bolduc (MBA ’90) H. William Coogan Jr. (MBA ’82) James A. Cooper (MBA ’84) Charles R. Cory (MBA/JD ’82) Guillaume M. Cuvelier (MBA ’91) Robert G. Doumar Jr. (MBA/JD ’88) Debra D. Draughan (MBA ’84) Franklin S. Edmonds Jr. (MBA/JD ’95) Arnold B. Evans (MBA/JD ’97) John D. Fowler Jr. (MBA/JD ’84) Catherine J. Friedman (MBA ’86) Kirsti W. Goodwin (MBA ’02) Peter M. Grant II (MBA ’86) Owen D. Griffin Jr. (MBA ’99) Elizabeth McMillan Hagood (MBA ’89) Connie J. Hallquist (MBA ’91) Robert L. Huffines (MBA ’92) Mark J. Kington (MBA ’88) David M. LaCross (MBA ’78) Beverly Ladley (MBA ’92) Douglas R. Lebda (EMBA ’14) Lemuel E. Lewis (MBA ’72) Amanda Lozano (MBA ’09) Richard A. Mayo (MBA ’68) Sachin J. Mehra (MBA ’96) Donald E. Morel Jr. (TEP ’97) Kimberly B. Morrish (MBA ’93) J. Byrne Murphy (MBA ’86) Adair B. Newhall (MBA ’09) G. Ruffner Page Jr. (MBA ’86) William H. Payne II (GEMBA ’22) Carl Peoples (MBA ’94) Matt J. Reintjes (MBA ’04)

Ex-Officio Members Scott C. Beardsley Richard B. Evans Yael Grushka-Cockayne Michelle B. Horn (MBA ’95) Naresh Kumra (MBA ’99) Nicole McKinney Lindsay (MBA ’99/JD ’00) Paul G. Mahoney Patrick A. O’Shea (MBA ’86) C. Evans Poston (EMBA ’17) Joaquin Rodriguez Torres (MBA ’01) James E. Ryan

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POWERED BY PURPOSE C A M PA I G N C A B I N E T The leaders of Darden’s campaign champion the priorities of Powered by Purpose, showcasing their unwavering engagement and deep pride in the School. With a clear understanding of how the campaign preserves the Darden experience while propelling the School into the future, these alumni leaders play a vital role in its success.

Milestone I Chair James A. Cooper (MBA ’84)

Robert G. Doumar Jr. (MBA/JD ’88) John D. Fowler Jr. (MBA/JD ’84) Catherine J. Friedman (MBA ’86) John B. Jung (MBA ’84) Rosemary B. King (MBA ’91) Mark J. Kington (MBA ’88) Lemuel E. Lewis (MBA ’72) Jerry Z. Peng (MBA ’03) Shannon G. Smith (MBA ’90) Lilo Simmons Ukrop (MBA ’89) William P. Utt (MBA ’84) Steven C. Voorhees (MBA ’80) Bradley J. Waitzer (MBA/JD ’87) Robert C. Woodworth (MBA ’73)

Milestone II Chair Adair B. Newhall (MBA ’09) Vice Chairs H. William Coogan Jr. (MBA ’82) Kirsti W. Goodwin (MBA ’02) Elizabeth H. Lynch (MBA ’84) Honorary Chair George S. Tahija (MBA ’86) Members J. Andrew Bugas (MBA ’86) Franklin S. Edmonds Jr. (MBA/JD ’95) William K. Daniel II (MBA ’91)

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Thank you.

For more information on philanthropy at Darden, contact Deputy Vice President for Advancement Samantha Hartog at +1-434-982-2151 or HartogS@darden.virginia.edu.

100 Darden Boulevard Charlottesville, Virginia 22903 USA Mailing Address P.O. Box 7726 Charlottesville, Virginia 22906-7726 USA +1-434-987-6371 giving.darden.virginia.edu