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IMPACT

Creating Transformational Experiences Through Philanthropy

Spring2015

In this Issue:

Business.gmu.edu/give

Leaving a Legacy: Hale and Sally Tongren leave $500,000 for marketing student scholarships Corporate Donors Step Up: Volkswagen Group of America and Dominion fund innovation activities At Your Service: MBA alumnus awarded university-wide 2015 Alumni Service Award


impact

Message from the Dean Gratitude. It is sometimes given too freely and other times begrudgingly. It is conflated with politeness and respect. It is also the social thread that cements lasting friendships and partnerships. I am grateful for the many School of Business friends and partners that invest in our students and their successes. Our gratitude toward you is much deserved and freely given. You may have contributed the gift of your time, your expertise, or your money. You may have given broadly to the Dean’s Excellence Fund or contributed to a specific area of interest such as innovation and entrepreneurship, women in business, or scholarships. Regardless, your gift allows us to deliver a high-impact, experiential business education to our students. As we end another academic year, I would like to specifically express my gratitude to the members of our advisory councils and volunteer groups who give their time, expertise, and money throughout the year.

•Dean’s Advisory Council •Accounting Advisory Council •Center for Real Estate Entrepreneurship Advisory Council •Center for Innovation and Entrepreneurship Advisory Council •Women in Business Consortium •School of Business Alumni Chapter Board To paraphrase Michael Gallagher ’94 MBA and the 2015 Alumni Service Award recipient featured in this issue of Impact... “The most powerful thing we can do to get others engaged in supporting the university is to look them in the eye and ask them to do something. To give some time, to join a committee, to complete a survey, to give money… something, anything. “Because they WILL have a hard time saying no. It’s VERY hard for people to say no when you’re looking them in the eye.” I ask you to help build our network of supporters by looking someone in the eye and asking them to do something to enrich the educational experience of our students.

Sarah E. Nutter Dean

funding Priorities

1. 2. 3. 4. 2

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.

GEORGE MASON UNIVERSiTY | SCHOOL OF Business


Spring2015

Gifts in Action Former marketing professor Hale Tongren and his wife Sally have long been supporters of the School of Business. In 1986 they established the Tongren Marketing Endowed Scholarship, which is awarded annually to a top marketing major. Tongren passed away in 2009 followed by his wife in 2014. In another act of generosity, the Tongrens bequeathed $500,000 to their scholarship—a gift that will cement their legacy of giving to Mason students. To date, 24 scholarships have been awarded to marketing students at the School of Business. Christine Lamont ’15, the latest recipient of the award, says, “This scholarship helped me offset some of my tuition expenses, which I am extremely grateful for. It also helped me stand out. As I was applying to jobs, this scholarship proved to potential employers that I am a hardworking individual worthy of an award. “It is really nice to have my hard work recognized. Being the recipient has boosted my self-confidence in the marketing field and made me realize that hard work does pay off.” Tongren was one of the business school’s first faculty members joining George Mason University in 1968 after retiring from the U.S. Navy. A longserving member of the Faculty Senate, he published two books and, among other distinctions, was selected faculty member of year in 1986 by the George Mason University Alumni Association. As a trustee of the George Mason University Foundation, he contributed a great deal toward developing external relationships with the business community in Northern Virginia. Tongren retired from Mason in 2000 after 31 years of service. “Students feared and revered him,” said alumna Theresa Shaw ’80 in a 2008 Mason Spirit article.

“He was an incredible instructor and had a major influence on me. I can cite things that I learned in his classes more than 20 years ago.” Recently retired professor of finance Robert Johnston said, “Hale was not only a superb colleague to many of us, but also an exceptional friend. We miss him.”

What will Your Legacy Be? Planned gifts help to sustain the programs, scholarships, and research you care about for generations to come. To find out how easy it is to make a charitable gift through your estate plans, contact Eleanor Weis at 703-993-2412.

business.gmu.edu/give

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impact

Spotlight on our Champions DonorSpotlight

Volkswagen Group of America

With a culture deeply rooted in corporate giving and community involvement, the Volkswagen Group of America understands that the future success of a community depends largely on the education of our young people today. Realizing the potential of the business students at George Mason University, the Volkswagen Group of America has recently pledged $250,000 to the School of Business Dean’s Investment Fund. The Dean’s Investment Fund is currently Dean Sarah Nutter‘s top funding priority and is directed towards achieving strategic objectives including student scholarships and curriculum enrichment as well as supporting faculty development. “In Volkswagen, the business school could not have a better partner in our quest to provide a top quality education to our students—the future employees of this region,” says Nutter. “Volkswagen’s support epitomizes what corporate citizenship means, and we are grateful for their investment in our students and their success. We look forward to utilizing their gift to the greatest possible effect.” Learn more at business.gmu.edu/vw.

DonorSpotlight Dominion Resources

Dominion Resources, one of the nation’s largest producers of energy, has recently partnered with George Mason University’s Center for Innovation and Entrepreneurship through a $50,000 grant to support innovation initiatives. Each year, Dominion awards $1 million to higher education institutions, with a maximum award amount of $50,000 for each institution. Dominion grants these awards to the most exceptional programs, giving consideration to the immediate benefit available to the students, campus, and greater community. “We are grateful for the commitment that Dominion has made to support our efforts here at the business school,” said School of Business Dean Sarah E. Nutter. “Their investment will go to support the funding, training, and mentorship for teams of students to explore ideas for innovative products and services in partnership with Mason faculty, business leaders, investors, and successful entrepreneurs.” “[The center] brings students together from across academic disciplines and links them with Northern Virginia’s high-tech sector and venture capital community,” said Mark F. McGettrick ’80, executive vice president and CFO of Dominion Resources. Read the full story at business.gmu.edu/dominion.

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GEORGE MASON UNIVERSiTY | SCHOOL OF Business


Spring2015

Spotlight on our Champions AlumniSpotlight Michael Gallagher, ’94 MBA President, The Stevie Awards

The George Mason University Alumni Association annually recognizes outstanding alumni at the Celebration of Distinction. This year, Michael Gallagher MBA ’94 is the recipient of the 2015 Alumni Service Award. In 2005, Gallagher worked closely with the School of Business Alumni Relations staff to create the first Annual Business Alumni Celebration, the business school’s premiere alumni event. In 2009, he became active with the School of Business Alumni Chapter, serving as vice president of events and then led the group as president for the next two years. After completing his tenure as president, he served as an at-large member for another year and most recently led the chapter’s fundraising committee. Gallagher also has served two terms on George Mason University Alumni Association’s Board of Directors as the School of Business representative and is a frequent judge of student business plans for capstone case competitions in both undergraduate and graduate programs at Mason’s business school. Find out more about Michael Gallagher at business.gmu.edu/gallagher.

studentSpotlight

Scott Bauer Founder, OnYou and Dean’s Business Plan Competition Winner OnYou, a mobile phone accessory that combines a compression sleeve with a magnetic case, won the grand prize of $5,000 in the 8th Dean’s Business Plan Competition sponsored by George Mason University’s School of Business and Center for Innovation and Entrepreneurship. The company, founded by master’s student Scott Bauer, also won the $1,000 Audience Choice Award. “I’m very proud of our students who have these amazing thoughts and ideas and are translating them into action,” School of Business Dean Sarah E. Nutter said in presenting the awards. The finalists, she said, reflected a decade of goals at Mason to “create an ecosystem across the university in entrepreneurship and innovation, one that unites the students and faculty not just at the business school but other units to create a vibrant community.” Read more about Scott Bauer and the Dean’s Business Plan Competition at business.gmu.edu/bauer.

business.gmu.edu/give

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impact

by the numbers 57% of Mason students receive Financial Aid $25 million in merit Aid and $50 million in Need-based Aid $113,259 scholarships and Financial aid

Our Goal 1,600

Alumni Donors

Awarded by the School of BusiNess

Source: George Mason University Office of Financial Aid

School of Business School of Business DonorsDonors vs. Giving Totals vs. Giving Totals 1,000

62%

Alumni

800 2015

600

2014 2013

400

2012 2011

200 0

At the close of FY2015 Q3

$300,000

$600,000

$900,000

$1,200,000

88% of school of Business Graduate students and 65% of Undergraduate Students

were employed at the time of graduation in 2014 Source: George Mason University Career Services

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GEORGE MASON UNIVERSiTY | SCHOOL OF Business


Spring2015

Donor Recognition Corporate Partners Bowman Consulting Group, Ltd. Brown and Brown Insurance Buchanan Partners, LLC Cardinal Bank Community Foundation for Northern Virginia Dominion Resources Inc.

$10,000+

Equinox Investments LLC Kearney & Company, P.C. NAIOP PricewaterhouseCoopers, LLP The Peterson Companies The Rotary Club of Dunn Loring

Van Metre Companies Volkswagen Group of America, Inc. Walsh Colucci Lubeley Walsh PC Weber Rector Wells Fargo Bank, N.A.

Champions Steven and Marjorie Alloy Cheryl Amyx Stephen Cumbie and Druscilla French Kaylene* and Robert Green

$10,000 - $25,000+ Jerry and Jackie Grossman Marilyn Jackson* William Karlson Helen Modly

Sumeet* and Joya Shrivastava The Estate of Hale and Sally Tongren Dale* and Sharon Wince

Supporters Shaza and Marc Andersen Anonymous Annandale Millwork/Allied Systems Corp Baker Tilly Virchow Krause LLP Booz Allen Hamilton, Inc. Stephen* and Barbara Bouchard Dixon Hughes Goodman Foundation Inc

$5,000- $9,999

John Hillen (Hon.) Jolanda Janczewski KPMG Foundation, Inc Gary Loveland Joseph* and Jennifer Ragan* Harold* and Linda Rauner* Reston Limousine

David* and Pamela Roe Debora and Jeffrey Smith* The Meltzer Group Trammell Crow Company VA Society of CPA’s -Northen Chapter

Friends Acentia, LLC Anonymous Aronson Company Array Information Technology BDO USA LLP BrandMirror Anthony and Diane Brozna Phillip and Therese Buchanan* Nathan* and Ngoctam Burch* George and Sarah Cabalu Christopher Clemente and Tracy Schar* CliftonLarsonAllen LLP Kevin* and Carol Colgate Lynn Alexis Lee Corey Mark* and Suzanne Cummings Wagih and Sally Dafashy

$1,000 - $4,999

Deloitte Foundation Eagle Ray, Inc Parvin Van Enger* Ernst & Young Foundation ExxonMobil Foundation Focus Wealth Management LTD Frank & Company, P.C. Grant Thornton Foundation Susan* and Bentley Gregg Jeffery* and Margaret Johnson Kinsey Properties LLC David La Mar* Charles McGrath* Miller Consulting Group, LLC Michelle* and Nelson Montes Murray, Jonson, White & Associates, Ltd

Yoko and Lawrence Nelson* Sarah and David Nutter Janis Reed* Rubino & Company RyanSharkey LLP Mansoor Shahzad The Stevie Awards Inc Thompson, Greenspon & Co. P.C. Carolyn Thompson Towers Watson Vencore Services and Solutions Inc William and Patricia Walsh Michael and Janice Ward Eleanor Copeland Weis Westat, Inc.

Note: Donors represented have given to the School of Business at the levels represented between July 1, 2014 and May 27, 2015. *Alumnus

business.gmu.edu/give

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

4400 University Drive, MS 1B1 Fairfax, VA 22030

Upcoming Events 19th Annual Northern Virginia Golf Classic Monday, June 15, 2015 11 a.m. to 7 p.m. Piedmont Club (Haymarket) northernvagolfclassic.eventbrite.com

Women in Business: Power Networking for Women Thursday, July 16, 2015 6 to 8 p.m. Naked Mountain Winery (Markham, VA) business.gmu.edu/wib

JobQuest Thursday, September 10, 2015 5:30 to 7:30 p.m. Research Hall (Fairfax Campus) Contact: kwilliga@gmu.edu

Brown & Brown Distinguished Speaker Series featuring Sherron Watkins Tuesday, September 15, 2015 6 to 8 p.m. Johnson Center George’s (Fairfax Campus) business.gmu.edu/bbspeakerseries

Annual Business Alumni Celebration Friday, October 16, 2015 Festivities begin at 6 p.m. Renaissance Arlington Capital View Hotel business.gmu.edu/alumnicelebration

2015 Cybersecurity Conference Tuesday, October 27, 2015 Conference begins at 7:30 a.m. Stacy C. Sherwood Center (Fairfax City) business.gmu.edu

Stay connected with the School of Business

blog business.gmu.edu/blog/alumni

facebook.com/GeorgeMasonBusiness facebook.com/MasonBusinessAlumni

twitter.com/GeorgeMasonBiz twitter.com/MasonBusiness

Call: 703-993-4833 Email: impact@gmu.edu

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IMPACT - Spring 2015