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IMPACT

CREATING TRANSFORMATIONAL EXPERIENCES THROUGH PHILANTHROPY

FALL2013

In this Issue:

SOM.GMU.EDU/GIVE

Funding Priorities Revealed: Acting Dean Sarah Nutter defines the School of Management’s five funding priorities New Programming for Top Scholars: Alumnus David Roe kick starts the Gunston Business Scholars program Faculty Members Honored: Named funds established to solidify the legacy of two retiring accounting & finance professors


impact

Message from the Dean 2013 has been an exciting year for the George Mason University community. Under the leadership of our new president, Ángel Cabrera, we developed a new university vision that included a new and memorable mission, a set of core institutional values, the signature characteristics of the Mason Graduate, and significant commitments that set the trajectory of the university for the next decade. As the chair of the steering committee for the new university vision, I had the opportunity to work with more than 4,000 members of the Mason family to capture the story of our great university in a meaningful way and describe how we will build on our

of the school at this critical time in its history as we come together to define the roadmap to sustainable success for many years to come. I am delighted to share this publication, which captures many of the ways in which your contributions are critical to the School of Management’s success. Thanks to supporters like you, the School of Management is a place where we can continue to change the world, one person at a time. As we look forward to 2014, I am hopeful that you will continue to support us so we may continue to strengthen our academic programs, broaden our student services, expand our Centers of Excellence, attract and retain high-achieving faculty and staff, and transform students into well-rounded business professionals. Best wishes to you and yours,

strengths to be a university for the world. During the summer, we kicked off a strategic planning process at the School of Management that engaged faculty, staff, students, alumni, board members, and community leaders. It has been a privilege to serve as the acting dean

Sarah E. Nutter Acting Dean

FUNDING PRIORITIES

1. 2. 3. 4. 5.

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Annual Support provides a critical source of expendable capital that enables us to remain competitive, flexible, and innovative by responding to changing circumstances and taking advantage of new opportunities.

Student Experience and Financial Aid investments allow us to fulfill the university’s top priority—providing students with a transformational learning experience that helps them grow as individuals, scholars, and professionals.

Faculty Enrichment and Research Funding contributions drive the innovative research and inspired teaching that are integral components of a relevant curriculum in today’s rapidly evolving business landscape.

Academic Excellence and Programmatic Support gifts serve to sustain and expand student programming as well as community and global outreach efforts.

Facilities and Technological Support equips us with the tools needed to provide outstanding service to our faculty, staff, students, alumni, and friends.

GEORGE MASON UNIVERISTY | SCHOOL OF MANAGEMENT


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Gifts in Action In the spring of 2012, keeping with his history of supporting student scholarships at George Mason University, School of Management alumnus David Roe, BS Accounting ‘89 and MBA ‘96, pledged $112,000 in conjunction with a matching gift provided by the School of Management to solidify the Gunston Business Scholars program. “We are all here for the students,” Roe advocates. “We need to do everything we can to make sure that they leave here with the skills that employers want and need. The more we can have students interface with professional business leaders, the better.” In an effort to bring Roe’s vision to life, the program aims to support and nurture five students each year through mentoring relationships with members of the Dean’s Advisory Council and special invitations to School of Management events where the scholars have the ability to exercise their networking skills with professional men and women.

Roe is confident that the Gunston Business Scholars program supports a stimulating environment that promotes

In the summer of 2012, the inaugural class of Gunston

personal and professional growth amongst students at the

Business Scholars was chosen. Consisting of seniors

School of Management, which will ultimately benefit the

Matthew Barnhart, David Maier, Mark Mansdoerfer, and

school, the university, and the companies that hire Mason

Leslie Tope and junior Hannah Landsberger, the group was

graduates for years to come.

given the opportunity to meet the Dean’s Advisory Council. Of that experience, Barnhart said, “It was encouraging to

Learn where the inaugural class of Gunston Business

see the genuine interest the council took in hearing about

Scholars are today: tinyurl.com/GunstonBusinessScholar

our individual journeys and how Mason played a role in our lives.” Over the course of the past year, Leslie Tope was sponsored by her mentor Lillian Heizer, president of LCH Consulting Services and member of the Dean’s Advisory Council, to attend The Women’s Center 27th Annual Leadership Conference. Participation in the event gave Tope the opportunity to spend meaningful time with Heizer and other senior-level women representing several well-known companies including Lockheed Martin, Booz Allen Hamilton, and Northrup Grumman.

“We are all here for the students. We need to do everything we can to make sure that they leave here with the skills that employers want and need.”

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impact

Spotlight on our Champions FACULTYSPOTLIGHT Phillip G. Buchanan Professor of Accounting

Since joining the School of Management faculty in 1981, Buchanan has taught more than 6,000 students—leaving a lasting mark on their collegiate experiences. Having also served as the director of graduate programs in accounting and taxation, and director of the MBA program, Buchanan has impacted countless others during his time at Mason. Upon announcing his retirement, Buchanan spoke about a growing concern facing accounting programs. A study by the American Institute of Certified Public Accountants and the American Accounting Association in 2009 stated that between 500 and 700 accounting faculty per year will retire over the next 10 years, while accounting PhD programs average about 140 graduates per year. A number of alumni have sought to address this concern in a way that would honor Buchanan’s legacy at Mason. They established the Phillip G. Buchanan Faculty Fellowship to help support the accounting program by attracting and retaining world-class accounting faculty to George Mason. Read the full story on our blog at tinyurl.com/DrBuchananLegacy.

STUDENTSPOTLIGHT Javier A. Perez Navarette BS Accounting & Finance

In order to complete his dual degree in accounting and finance and a minor in economics, Javier Perez Navarette, former captain of Mason’s Men’s Volleyball Team, had to find a way to fund his education after his athletic scholarship terminated with his NCAA eligibility in the spring of 2013. Perez Navarette learned of the Emerging Business Leader Award, a scholarship awarded to one graduate student and one undergraduate student each year by the School of Management Alumni Chapter, to which he promptly applied. Perez Navarette was honored with the Emerging Business Leader Award at The Annual Business Alumni Celebration this past October. Perez Navarette is set to graduate in the spring of 2014 at which time he will start full-time as an auditor at PwC, a position granted to him with the help of former accounting adjunct professor, Suzanne Hubbard, an assurance partner at PwC. Read the full story on our blog at tinyurl.com/JavierPerezNavarrete.

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GEORGE MASON UNIVERISTY | SCHOOL OF MANAGEMENT


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Spotlight on our Champions ALUMNISPOTLIGHT Patricia H. Roberts BS Business Administration ‘77

It was a difficult job market when Patricia Roberts graduated in 1977. The job offers she received were not for the more coveted management training slots she deserved. Mason had provided her with, as she says, “a wonderful education,” so she looked back to the university for help by consulting her former finance professor, Robert Johnston. Johnston was able to set up an interview for her at General Reinsurance Corporation, a Berkshire Hathaway subsidiary. Roberts was promptly hired and dedicated the next 35 years of her career to the company. In 2001, she was named president and chief executive officer of two companies within the Berkshire Hathaway organization: General Star and Genesis. Roberts never forgot how she struggled to get there and how Mason and Johnston helped turn things around. In November 2012, upon the announcement of his retirement, Roberts and her husband established a $500,000 endowed professorship in honor of Johnston, who will retire from the university next year. Read the full story on our blog at tinyurl.com/PattyRoberts.

FRIENDSPOTLIGHT Frank F. Islam CEO, FI Investment Group

Frank F. Islam is a well-known philanthropist whose private foundation supports educational, cultural, and artistic causes worldwide. He participates in a number of non-profit organizations as a board member, including the School of Management’s Dean’s Advisory Council, which he joined in 2012. Of his involvement on the Dean’s Council, Islam feels, “The administration provides a structured format for receiving our feedback, listens, and takes the action required to turn the Council’s advice into plans, programs, and policies. This stands in stark contrast to other bodies that I serve on where the members are told what is going on and are primarily passive recipients of information rather than collaborators in a creative process.” In May 2013, Islam delivering the keynote address at the School of Management’s Convocation ceremony. He indicated that he was not only humbled and honored to have been selected to give the convocation address, but left campus that afternoon feeling motivated and inspired by the conversations he had with several graduates following the ceremony. Read the full story on our blog at tinyurl.com/FrankFIslam.

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impact

by the numbers

$1.56 BILLION 16,023 JOBS GEORGE MASON UNIVERSITY’S TOTAL IMPACT ON THE STATE ECONOMY IN 2012

OUR GOAL 1,200

Alumni Donors

FY2013 Gifts by Purpose

State Support Percentage of George Mason’s Operating, Non-Operating, and Capital Budget

26%

50% 40%

At the close of FY2014 Q1

38.2% 32.4% 26.9%

30%

26.2% 18.5%

20%

14.5%

10% 2013

6

0%

1990

1995

2000

2005

2010

GEORGE MASON UNIVERISTY | SCHOOL OF MANAGEMENT

2012


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Donor Recognition Champions Gold Partners Annandale Millwork/Allied Systems Corp Baker Tilly Virchow Krause LLP Buchanan Partners, LLC Mr. George C. Cabalu Mrs. Sarah E. Cabalu Ms. Lynn Alexis Lee Corey Dixon Hughes Goodman Foundation Inc Mrs. Stacey L. Ellis Mr. Brian L. Ellis Mrs. Lisa Rudolph Featherngill Mr. Lance A. Featherngill Mr. Robert J. Frogale

Mrs. Laurie Frogale Mr. Gene L. Frogale Mrs. Ellen Frogale Greater Washington Board of Trade Ms. Lillian T. Heizer Robert D. Johnston, PhD Mrs. Dorothy H. Johnston Kearney & Company, P.C. KPMG Foundation, Inc. KPMG, LLP LCH Consulting LLC Legatus Solutions Corporation

Dr. Kumar Mehta Microsoft Mrs. Michelle L. Montes Mr. Nelson Montes, Jr. Alison S. O’Brien, PhD Mr. Raymond J. O’Brien Ms. Brandi Sangunett Thompson, Greenspon & Co. P.C. Van Metre Companies Wells Fargo Foundation Mr. Dale G. Wince, Jr. Mrs. Sharon Wince

Silver Partners Grant Thornton Foundation Mr. E. John Regan, Jr. Mrs. Judy Regan Mr. William L. Walsh, Jr.

Mrs. Patricia Walsh Mrs. Janice D. Ward Mr. Michael R. Ward Watkins, Meegan, Drury & Company, LLC

Bronze Partners Mr. David C. Atkins Mr. Stuart C. Bogema, Jr. CohnReznick LLP Mr. Steven H. Deutch Mr. Edward B. Douthett Fritz & Company, P.C.

Grossberg Company LLP Mr. Mark H. Melton Mrs. Kimberly E. Melton Sarah E. Nutter, PhD Mr. David C. Nutter

Supporters Patrons Mrs. Joan D. Brodnik Mr. Timothy J. Brodnik Mrs. Helene Deramond Donna S. Humes, RN, MNEd. Mr. Mike Keppler, Jr. Mrs. Patricia B. Keppler Dr. Karen A. Kitching

Mr. Timothy J. Kutz, Sr. Mrs. Elizabeth Kutz Ms. Debra A. Loy Ms. Mary K. Mason Murray, Jonson, White & Associates, Ltd., CPA, P.C. Norfolk Southern Foundation

Mr. Foxhall A. Parker Ms. Sarah R. Shuey Mrs. Daphne L. Wahl Mr. Daryl L. Wieland Mrs. Melinda K. Wieland

Colleagues Mrs. Mary Ann Armour Mr. Edward P. Coney Mr. Michael C. Cunniff Mr. Glenn K. Davis Mrs. Carolyn K. Davis Mr. Mark M. Hurley Mr. Jerome J. Lanni Ms. Cindy Miley Mr. Philip W. Morrison

Mrs. Janet D. Morrison Ms. Mary V. Petree Mr. Arthur A. Pond, III Mr. L. Keith Rice Mr. Douglas R. Rice Mr. Benjamin T. Sloan Mr. Robert G. Smith Monique T. Valentine, CPA Mr. L. Dwayne Weaver

Note: Donors represented have given to the School of Management at the levels represented during fiscal year 2014 between July 1, 2013 and October 31, 2013.

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Non-Profit Organization U.S. POSTAGE PAID Fairfax, VA Permit 1532

4400 University Drive, MS 1B1 Fairfax, VA 22030

Homecoming 2014 8TH ANNUAL ALUMNI BEER TASTING Friday, February 14, 2014 7 p.m. to 9 p.m. Location TBA homecoming.gmu.edu/alumni

WOMEN’S BASKETBALL VS ST. JOSEPH’S Saturday, February 15, 2014 1 p.m. Patriot Center gomason.com

16TH ANNUAL ALUMNI TAILGATE WITH ALUMNI HOSPITALITY TENT Saturday, February 15, 2014 3 p.m. to 5 p.m. Parking Lot K homecoming.gmu.edu/alumni

MEN’S BASKETBALL VS ST. BONAVENTURE Saturday, February 15, 2014 6 p.m. Patriot Center gomason.com

POST-GAME PARTY Saturday, February 15, 2014 8:30 p.m. to 10 p.m. Mason Inn homecoming.gmu.edu/alumni

HOMECOMING CHAMPAGNE BRUNCH Sunday, February 16, 2014 10 a.m. to Noon Boxwoods, Mason Inn homecoming.gmu.edu/alumni

Join School of Management Acting Dean Sarah Nutter and members of the School of Management Alumni Chapter in the Alumni Hospitality Tent to receive a special School of Management keepsake. Be a part of the homecoming conversation #MasonHC

STAY CONNECTED WITH THE SCHOOL OF MANAGEMENT

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Call: 703-993-1875 Email: impact@gmu.edu

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IMPACT - Fall 2013