The Pershing Square Foundation has announced a supplemental gift of £3.7 million ($5.4 million) gift to the Oxford Pershing Square Graduate Scholars Program at the University of Oxford's Saïd Business School.
Established in 2013 with a gift of £4.5 million ($6.6 million) from the foundation, the program initially supported five one-year scholarships annually for promising social change leaders in the Oxford 1+1 MBA program, which enables students to pair an MBA earned in a year with one of Oxford's many other one-year master's degree programs. The latest gift will increase scholarship support for the full two years of the program. Pershing Square Scholars also receive mentorship and networking opportunities, including attendance at annual meetings and workshops with leading innovators and changemakers.
"Our goal with this program was always to encourage social entrepreneurs by giving them the business tools and training to address important world problems," said Bill Ackman, founder and CEO of Pershing Square Capital Management and co-founder and trustee of the foundation. "Big problems need big thinkers and courageous entrepreneurs. By expanding our support to students for both their MSc and MBA, we hope to draw upon a broader range of entrepreneurial young people as we work to identify young leaders who wish to make a difference in the world."
The deadline for applications to the 2016-18 Oxford Pershing Square Graduate Scholars Program is March 18.