Chicago Booth Receives $4 Million to Advance Business Education

The University of Chicago Booth School of Business has announced a $4 million gift from the Neubauer Family Foundation to help establish a scholarship program for professionals working in the nonprofit and government sectors.

Funded in part by the foundation's gift, the Civic Scholars Program will provide eight full-tuition scholarships annually to the school's Weekend MBA Program for professionals working in the nonprofit and public sectors. The program, which is designed so that Neubauer Civic Scholars can continue to work full-time as they pursue their degrees, aims to bring important voices to the classroom and community and provide broader perspectives on issues such as understanding the role of business in society, the implications of public-private partnerships, and the opportunities for business leaders to engage productively with government and nonprofit organizations.

Established by retired Aramark Corp. chair and University of Chicago alumnus Joseph Neubauer, the Neubauer Family Foundation has endowed numerous scholarships and professorships at the university and made a gift in 2012 to establish the Neubauer Family Collegium for Culture and Society. Neubauer, MBA '65, is currently chair of the university’s board of trustees, on which he has served since 1992.

"This is an opportunity to strengthen the development of future leaders from the public and nonprofit sectors across the United States, and Booth's data-driven and collaborative approach will help these professionals drive change within their organizations that has a dynamic impact," said Neubauer. "The same leadership skills are required to run all enterprises regardless of sector, which is why we are particularly excited to provide this opportunity to those who are the best and brightest in their chosen fields to strengthen the critical business and analytical skills required to run their organizations."

"Chicago Booth Unveils New MBA Scholarship for Professionals in Nonprofit and Government Sectors." University of Chicago Booth School of Business Press Release 01/12/2016.