Financial overview, new gifts and allocation Student financial aid Gifts to research Powering a flexible, agile school Developing state of the art facilities Loyal donors Legacy commitments View full brochure Contact

Shaping the Future

Donors Report 2013/2014 Highlights

2013/2014

Financial overview of the school

Endowment at market value (€ millions)

Allocation of spending from endowment in 2013/2014

Key

Chairs

Research

Scholarships

Other

2014 sources of revenue



Total revenues in 2013/2014

€200.9m

Key

Degree programmes

Gifts, endowment yield and contract research

Executive education programmes

Other

2014 expenditure

Key

Faculty and research

Degree and Executive
Education programmes

Facilities, IT and support functions

Empowering INSEAD to advance:

New gifts and pledges in 2013/2014

Collectively you gave

€11,123,636

of which, alumni gave

€4,264,375

& corporations, foundations & friends

€6,859,261

Given in current funds

€4,941,304

Given in endowment

€1,425,321

Given in capital

€4,757,011

Where did donors direct their gifts in 2013/2014?

Grand total €11,123,636

Key

Asia campus expansion

Research

Scholarship and financial aid

Dean’s annual fund

Unrestricted gifts

Campus facilities

Centre for Economic Growth in Abu Dhabi

Endowment (general)

Gifts for specific projects and events

Advancing INSEAD:

Alumni gifts in 2013/2014

Total alumni gifts and pledges

€4,264,375

Total number of alumni donors

2,122

IAF results: new records

21%

increase in new gifts and pledges over 2012/2013

19%

increase in alumni donors over 2012/2013

Where did alumni direct their gifts in 2013/2014?

Key

Scholarships & financial aid

Research

Dean’s annual fund

Facilities

Endowment (general)

Asia campus expansion

Gifts for specific projects and events

Student financial aid

Thank you to all donors who gave to scholarships and the INSEAD Loan Fund. Your support is helping INSEAD to attract the brightest students and sustain true diversity in our classes.

Outright gifts during the year and yield from past endowed gifts enabled the school to award scholarships to 220 students in the classes of ‘15J and D, that is 21% of the combined classes. We are pleased to report that the average scholarship amount rose from €12,600 to €13,600 this year. The INSEAD Loan Fund for MBA students grew by more than €200,000 thanks to alumni support, thus providing more deserving students with the opportunity to join INSEAD.
IAF Diversity Scholarships: More than 500 students have benefited from these scholarships since 2001

Khant Khant Kyaw
MBA'15J
Burmese
IAF Diversity Scholarship recipient
Denys Bilodid
MBA'15J
Ukranian
INSEAD Alumni Association (IAA)
Scholarship recipient
Andras Vastag
MBA'15J
Hungarian
Antonio Borges Scholarship recipient
Yulia Andreeva
MBA’15J
Russian
Russian Alumni Scholarship recipient
Anne Sveaass
MBA'15J
Norwegian
Norway Scholarship recipient

Gifts to research

To be a leader in management education implies not only excellence in teaching and continuous pedagogical innovation, but also requires our school to be at the forefront of knowledge creation.

Today, INSEAD has become a leader in academic research. True to our values we strive to publish academic articles that are not only rigorous but also relevant for practitioners. Impactful research, however, requires time and financial resources.

INSEAD is fortunate to have alumni and corporate friends who partner with the school in this core activity. Their gifts have played a key role in INSEAD’s exponentially increasing reputation in research and teaching.

The academic year 2013/2014 brought many accolades: from top positions in academic rankings and case surveys to prestigious research awards. Donor trust and generosity continued, providing critical means for faculty to advance knowledge and learning.

Gary Wang
MBA’02J
Founder and CEO, Light Chaser Animation Studios
Manuel Sosa
Associate Professor of
Technology and Operations Management

Powering a flexible, agile school

INSEAD thanks all donors who provided the Dean with the resources to support areas of priority in realising our vision. Thanks go equally to the donors who made unrestricted gifts to the school’s endowment. While the Dean’s Annual Fund disburses gifts in the academic year, gifts to the endowment are helping us to build the school’s financial foundation and to plan for the future.
Rémy Best
MBA’93D
Managing Partner Pictet Group & Chairman of INSEAD’s Endowment Committee
“Your gifts to the Dean’s Annual Fund give me the flexibility to direct resources in vital areas that are critical to our competitiveness and in strengthening our global network. In 2013/2014, your gifts were channelled in three areas — building our brand, strengthening our Career Development Centre and in reinforcing our global network. In each of these areas, your gifts have fuelled projects that have been instrumental in driving learning innovation, building great services for our students and interaction within our community.

On behalf of the school, my sincere thanks for your belief and trust in my vision for the future success of INSEAD.”

Ilian Mihov
Dean of INSEAD

Total value of gifts and pledges to the Dean’s Annual Fund in 2013/2014:

€745,458

Total value of gifts received to date:

€531,000

Number of donors:

307

Allocation area details

Key

Strengthening global network

MyINSEAD (INSEAD community portal)

Alumni magazine

Alumni forums

Brand and Reputation

Digital communications Research initiatives

Global business

Leaders conference

Career Development

Student summer projects

Benchmarking and action plan

Rankings study for degree programmes

Developing state-of-the-art facilities

All of INSEAD’s three campuses embody the school’s unique history and spirit. Connected virtually and through constant exchanges, they are arenas of learning and interaction for our global community. Donor support is important to growing and changing our facilities so that they match the highest standards and serve our mission of excellence.

INSEAD thanks donors who have helped in the creation of the Leadership Development Centre, part of our Phase III expansion of the Asia campus. Your collective giving helped us to raise over S$20 million for the strategic development of our school. We also thank donors for their gifts to renovate and refurbish our Europe campus, where the INSEAD story began for so many of us.

Luis Freitas de Oliveira
MBA’93D
Portfolio Manager
Capital Group
Sharyanne McSwain
MBA’91J
Chief Financial and
Administrative Officer
StoryCorps

Loyal donors:

constant partners in building our future

217

donating for

10 - 14 years

124

donating for

15 - 19 years

89

donating for

20 - 29 years

20

donating for over

30 years

Legacy commitments

INSEAD honours alumni who believe in its mission and who, besides giving in other ways, are also supporting the school by including INSEAD in their planned legacy gifts. While some donors prefer to direct their future gifts to areas of their choice, most leave the decision to the school.

INSEAD is proud to recognise the Georges and Edna Doriot Society donors for their exceptional foresight and generosity.



Khant Khant Kyaw
MBA'15J
Burmese
IAF Diversity Scholarship recipient
My time at INSEAD will enable me to contribute to the economic development of my country
“I took a degree in international development at a private liberal arts college in the USA before joining a legal services firm in Myanmar where I have been working as a business researcher and corporate affairs manager for the last two years. My work has exposed me to a variety of industries and business issues in this rapidly emerging market as I help foreign investors understand the local business and policy environment for their market entry projects.

I decided to take an MBA degree in order to broaden my knowledge of current international business issues and to deepen my business knowledge through academic and analytical work. I chose INSEAD because of the school’s distinguished faculty, its academically rigorous programme, and the diversity of the student population. I strongly believe that the knowledge I acquire and networks I form during my time at INSEAD will enhance my ability to contribute to Myanmar’s future economic progress.

I am extremely grateful for the financial support of the IAF Diversity Scholarship, which has enabled me to attend the INSEAD MBA programme.”

Denys Bilodid
MBA'15J
Ukrainian
INSEAD Alumni Association (IAA) Scholarship recipient
Good things happen if you try hard
“My father died when I was a small child and consequently my mother had to work hard to bring me up. As a result, I had to become independent earlier then my peers. I went and came back from school alone and my mother almost never checked my homework. I knew that I would never let her down, so I did my best and studied well. I understood very early that we were a team and a team could succeed only if each member did his part of the job well. I finished school, got top marks in everything and decided that I would look for work in a bank.

I studied economics and law at university and negotiated part-time work in a bank. I needed a flexible study schedule so I proposed a deal with the university dean — if my grades went down the deal would be off. He accepted it.

By 22, I was a branch manager and by 24 at the head office of the local subsidiary of Commerzbank. This brought me into contact with a German management consulting firm and the local director asked me to join them. During the last three years the projects took me to Austria, Russia and Germany. Soon I understood that if I wanted to try and find a job outside Ukraine I would need a degree from a well-known school. I decided that I needed an MBA.

When I was offered my place at INSEAD, I was unsure whether to accept it as the money was a big worry. I applied for all the scholarships I could.

To the IAA Scholarship donors I would like to say thank you, not only for the money but also for believing in me. The scholarship gave me the feeling that good things can happen if you try hard. Most of all I am grateful for this chance; I will not let them down.”
Andras Vastag
MBA'15J
Hungarian
Antonio Borges Scholarship recipient
Singapore in my heart
“I was born in Budapest, Hungary and barely left the country until I had a chance to go to Switzerland for a semester in my third year at university. That’s when things changed for me. I met people from other nationalities, my eyes were opened and I realised what a small portion of the world I had experienced. I decided I wanted to have a more international life.

I studied finance and international management and completed two 6-month internships in Singapore and Seoul. I returned to Hungary for a post with Citibank but cost restrictions meant that the international mobility I had been promised didn’t materialise. Even though it was from the best university in the country, my degree wasn’t well recognised outside Hungary, so applying for international positions was difficult. I felt any other move would be a step back, so I applied to INSEAD, because it has a global reputation, it is international and well known for its diversity.

Without my scholarship I could not have taken up my place. My partner left her job to come with me and because Hungarian salaries are generally low, we would have been unable to meet the fees, even though we always lived quite frugally. Scholarships are so, so important. They transform the experience from being a struggle — constantly worrying about making ends meet — into peace of mind. Psychologically and economically, it makes a huge difference.

My dream after INSEAD is to stay in Asia, specifically in Singapore, a country I love very much. The culture there is very similar to that of INSEAD: people work hard and play hard. I would like to work in corporate financial management, preferably in the technology sector. I enjoy understanding the big picture and I feel that once you understand a company’s finances, you can understand its strategy, strengths and weaknesses.”
Yulia Andreeva
MBA'15J
Russian
Russian Alumni Scholarship recipient
Reaching for the sky
“I’m from a military family so we moved from one town to another in Russia until my parents settled in Moscow, where I went to university. I took economics, international management and marketing and graduated at the beginning of 2009, right in the middle of the financial crisis. I applied to every open position I could find. I was lucky to get an offer from Procter & Gamble in market strategy and planning.

From there I moved to Anheuser- Busch InBev as a management trainee; then I was headhunted by Unilever and spent three years in the company.

I wanted a deeper understanding of teamwork and developing people, so I decided to do an MBA. I wanted an international experience, to explore the booming regions of Asia and the Middle East. INSEAD fitted perfectly.

Mid-term, I would like to gain skills in management consulting. But my ultimate dream is to work in aviation. I love the whole travel experience. I have taken flying lessons: they were scary but great! I wanted to experience flying as both a passenger and a pilot. Long-term, my aim is to work for one of the top airlines and impact the passenger experience at airports and in-flight. I’m already in touch with INSEAD classmates and alumni who know the airlines industry.

INSEAD is the only school I applied to. But on a Russian salary I was not able to save much. I applied for a loan but was initially refused. So, it was crucial for me to get this scholarship. I was in a meeting when the ‘Congratulations’ message showed up on my cell phone. I was so happy I could hardly sit through till the end of the meeting. That same day I reapplied for my loan and in one week it was granted. It was wonderful!”
Anne Sveaass
MBA'15J
Norwegian
Norway Scholarship recipient
Follow your heart — you will be good at what you do
“I grew up in Oslo and at first started to study law but I missed fact-based subjects, like chemistry. So I later applied to study for a Master of Pharmacy and eventually specialised in immunology.

My course took me to Mali to interview healers who were using a particular plant to treat malaria. This led to a collaborative study between Bamako and Oslo into the properties of this plant. While I was in Mali, a lot of things were not working in the rural areas.

Back in Oslo I started a student group for Pharmacists Without Borders (PWB), which ran collaborative projects with pharmacy students in Mali. PWB is an NGO, supported by Norwegian pharmacy chains and fundraising. After two years, by which time I was working in sales for Merck, I became chair of PWB as it extended its reach into Zambia and Ghana.

PWB works with local pharmacists to improve production methods, logistics — communications, supply, resource allocation, transport — and treatment delivery methods. In Zambia I saw that a major challenge for medicine and healthcare is the lack of facilities and education. There are not enough pharmacy professors in the universities, so students leave to study abroad and either do not return or go into the private sector. In particular we looked into the preparation of cancer medicine in hospitals, which was done in a manner unsafe for both manufacturer and patient. Looking to the future, I want to be part of the movement to take medicine and healthcare into other emerging markets. I had expertise in pharmaceuticals but I needed the tools to make business decisions and be able to move on to managerial positions.

I applied only to INSEAD for my MBA because it is so international, so multicultural and it has an entrepreneurial soul. I visited it and knew that it was ‘my’ school, my place. I had to self-finance my course, so a scholarship was critical. The day I received the scholarship was a very happy day.”
Gary Wang
MBA’02J
Founder and CEO, Light Chaser Animation Studios
Entrepreneur Gary Wang is something of a polymath in the media industry. A novelist, screenwriter, ballet librettist and playwright who set up the phenomenally successful video-sharing website Tudou, Gary has made a S$1 million donation to the new INSEAD Creativity-Business Platform. “Creativity is a critical power in making sustainable business success,” he explains. “In the past decade, we’ve seen innovation evolving in an accelerated manner and with a broader horizon. Convergence is happening everywhere, particularly around art and technology. INSEAD has been strong in innovation and I hope to further strengthen it in this area by supporting this practical creativity platform. We hope this initiative will foster creative business ideas and, eventually, a mindset that is always open to new possibilities.”

Gary Wang was born in Fujian in southeast China in 1973. Initially an admittedly indifferent student, his attitude changed when he moved to New York in 1993 and took a degree in international business at the College of Staten Island. He described his time in the US as “eye-opening”. “I realised that there are people with very different ways of thinking.” He was particularly inspired by his English professor at Staten Island, who gave him credit for the original ideas in his work rather than penalising him for the grammatical errors in his newly learned English. Gary went on to study computer science at Johns Hopkins University in Baltimore, then came to INSEAD to take his MBA.

After graduating from INSEAD, he became corporate business director at the German media group Bertelsmann in China before founding Tudou in 2005. Gary saw Tudou as a way to “bridge the huge gap between those people who have creative ideas and talent, but cannot get their work to the audience” because of the restrictions placed on television content in China. Within six years, the number of registered Tudou users had grown to over 90 million. In 2012 Tudou merged with its largest rival in China and was valued at US$1.2 billion.

Gary’s current project is the Beijing-based Light Chaser Animation Studios, which produces animated films. This will put him head-to-head with Hollywood studios keen to capture the booming Chinese movie market. But Gary is not afraid to take on the big players with the new creative team he has recruited from the US as well as China: “There are very few animation movies that Chinese people can call their own. It will take time, but this could be potentially bigger than Tudou.”
Luis Freitas de Oliveira
MBA’93D
Capital Group
15 Years of Giving
Towards a cohesive society
“For me, philanthropy is a part of living responsibly in society, one of many ways of showing our solidarity with the communities that are part of our life,” says Luis Freitas de Oliveira, who is a portfolio manager with the Capital Group. “The motivation is not dissimilar to the one behind paying your taxes, taking your political rights seriously and engaging with civil society.”

“Moreover,” he says, “in many countries, philanthropic gifts allow us to direct public resources to our causes because, at the end of the day, the tax deduction made on charitable gifts translates into investment of public resources in them. It is a great way to both extend the impact of our contribution and express our individual values!”

A self-described “ordinary INSEAD person,” Luis has been giving consistently to INSEAD since 1998.

“What differentiates INSEAD,” he says, “is its pursuit of excellence while embracing diversity in its richest, broadest sense. Contrary to schools that are ‘melting pots’, INSEAD embraces a whole range of differences in lifestyles and ways of thinking, teaches tolerance and respect for those differences.”

Luis says that what is most impressive about INSEAD is that there is no “trade-off” between excellence and diversity. Diversity serves as a means to attain excellence. “Diversity at INSEAD is a source of insight and strength. Earning my MBA there has been indispensable as I’ve pursued my career at Capital Group — a company that also prizes diversity and excellence within its culture. I would also note that Capital Group has a very generous matching gift policy, allowing me to increase the impact of my giving to INSEAD and other causes.”

While Luis has given to other areas at INSEAD, scholarships hold a special place for him. They tie in closely with his deep belief that promoting inclusiveness in business spurs greater socioeconomic mobility. “Business must not be the privilege of the elite few. Its role in building an inclusive society is second only to education.” Building this cohesiveness is, in Luis’ eyes, fundamental for a modern, open and democratic society.

“If, through giving to scholarships, I can help INSEAD to deliver high-quality business education to deserving, bright students who otherwise would not have access to it, then I am making a small contribution to building a fairer and more cohesive society.”
Sharyanne McSwain
MBA’91J
Chief Financial and Administrative Officer StoryCorps
15 Years of Giving
Sustainability creates the true value of an education
Sharyanne McSwain is visibly emotional when she talks about INSEAD: “I don’t consider INSEAD a one-year experience. I look at INSEAD as a lifetime commitment to an institution — it’s a part of my life.”

Sharyanne quit Wall Street in 2007 to become the CFO of non-profit StoryCorps, one of the world’s largest oral history archives. StoryCorps’ funding comes mostly from donations, something that has deepened Sharyanne’s understanding of philanthropy: “I am looking at philanthropy from a totally different angle and now I really get it. The perspective on revenue is totally different from for-profit organisations.”

A prominent figure in the alumni community, Sharyanne has supported INSEAD continuously for many years. The funding difficulties she experienced when she came to INSEAD — she recalls how her fellow participants chipped in to buy her ball ticket — motivated her to help students who don’t have the means to come to the school, especially women: “I am a very strong believer that the female side of the universe is a powerful force in all aspects of life. And women with business education bring an even more powerful force into the world. I would like INSEAD to be the best business school for women.”

Asked why she puts so much time into voluntary work for the school, Sharyanne does not hesitate: “It is important to me to ensure the sustainability, the longevity of the institution.” With her experience in the non-profit sector, Sharyanne points out that, “Even the most successful institutions need continuous philanthropic support to stay alive. Sustainability creates the true value of an INSEAD education. And I think that’s something everybody needs to understand — and contribute to.”

Above all, Sharyanne wants to ensure that the INSEAD experience will continue for others. “You go from your regular desk job pre-INSEAD and you are plonked in this big country house with people from countries and cultures you don’t know, in the middle of nowhere in a forest in France. As a student, you can’t appreciate the fact that at INSEAD you are building relationships with people who are a lifelong support network. It’s powerful and magical bonding.”
Rémy Best
MBA’93D
Managing Partner Pictet Group & Chairman of INSEAD’s Endowment Committee
A beautiful thing each day
“Success is always reached thanks to a group of people,” says Rémy Best, MBA’93D, Managing Partner of the Pictet Group, one of the leading independent wealth and asset management groups, headquartered in Geneva, Switzerland. This was an early lesson he learnt during his MBA year at INSEAD. “You are not alone with your problems or solutions. If you understand this fact, then you can share and make other people shine.”

Helping others shine is Rémy’s personal commitment, especially in his leadership role in the firm. His main objective at Pictet now is to “make sure I give others the chance to succeed”. Both individual and organisational success is important to him.

At INSEAD, he is happy to spend time interviewing MBA candidates and has donated generously to scholarships: “I believe in giving the bright guys the possibility to join the school. And vice versa, INSEAD flourishes by having these talented candidates become part of the school’s global network. It’s a win-win situation for both sides.”

Rémy commits time and expertise as an INSEAD Board member and as the Chairman of the school’s Endowment Committee. “At INSEAD, an independent school that does not benefit from university affiliation and funding, gifts are not embellishments,” he emphasises. “Gifts are vital to the school’s continuous excellence and development.” This appreciation has inspired Rémy to make significant donations allowing the school to invest in areas of priority.

“It’s my duty to give back,” says Rémy. “I am very fortunate to have benefited from a good education, a loving family and a safe country.”

A private person, Rémy gives high priority to work-life balance. “Life is a marathon, not a sprint. I have known too many sprinters who have had to stop along the way.” He dedicates time to his wife and children and keeps some time for his own interests. An accomplished pianist, he loves gardens, landscape architecture and chocolate-making.

A personal recommendation? “At the end of every day, try to remember the most beautiful thing that happened that day. If you can do so, then it has been a day worth the while. It can be something very simple — a flower, a great project, reaching out to a colleague... or making a gift.”
Advancing our school together
Dear donors,

INSEAD’s story is truly remarkable. The vision of our founders — to be international, diverse, entrepreneurial and independent — set us on a different path from other business schools. Throughout our 55-year history we have introduced innovations that have disrupted existing concepts of management education. We created the first international school, the first one-year MBA programme and the first company-specific executive programme. Today we are the first and only school to operate seamlessly on campuses in three distinct locations.

Like all new ventures, ours was fraught with challenges. We began with no endowment, no campus and no permanent faculty. But our founders had a vision and the determination to succeed. In the early years of INSEAD they enlisted among our supporters key organisations like the Paris Chamber of Commerce, Royal Dutch Shell, IBM and the Ford Foundation. Over time, other corporate friends, foundations and government entities followed. Most importantly, as the school grew and our alumni were becoming more and more successful in their professional life, they stepped forward to invest in the school and secure its success. They gave their time, shared their expertise and invested financial resources to build what today we are proud to call The Business School for the World.

As an independent school, without a university affiliation and reliant on programme fees to meet running costs, the support of our donors is critical in ensuring excellence in everything we do and continuous innovation through our research and teaching. Every gift, large and small, is an investment in the future of the school. Every gift is vital to ensure that the school grows, innovates and enhances its distinctive identity. With contributions to scholarships, research funds, facilities and student life, our donors have helped us to attract and retain talent, build our unique diversity and expand our facilities worldwide.

I am delighted to report that donor investment in 2013/2014 increased significantly and propelled us beyond our Asia campus expansion campaign target. The new Leadership Development Centre will provide state-of-the-art facilities for INSEAD to extend our portfolio of innovative programmes for today’s business leaders. Targeted gifts gave new stimulus to the fusion of creativity and business as well as to Family Business and the European Competitiveness Initiative. The Dean’s Annual Fund provided a boost to the Corporate Governance Initiative and the Initiative for Learning Innovation and Teaching Excellence, as well as much-needed resources for the Career Development Centre.

Our goal in the years ahead is to establish INSEAD as the most innovative and impactful business school. In a globalised, fast-changing, digitally connected world, the challenges we face are complex and competition is tough. But we are confident that together we can meet these challenges. With your help, we can reach our highest aspirations. Together we will build INSEAD as the business school for the future and we will deliver on our mission to develop the future leaders, managers, and entrepreneurs who through their skills and innovation change the world for the better.

Thank you for investing in the future of INSEAD.

Ilian Mihov Dean of INSEAD

Alumni and friends: partners in INSEAD’s evolution
Dear INSEAD donor,

Thank you for the support that you have given to INSEAD, The Business School for the World.

As a global donor community, the reasons why you support INSEAD vary widely. In keeping with your unique motivation and expectations, our team works to ensure that the impact you want to create and the engagement you want with the school is realised in full.

Motivations to give to INSEAD are as unique as the person making the decision to provide support. Your reasons range from giving back to the school ‘where I had the best experience of my life’, to providing opportunities to talented men and women, honouring a loved one, expressing a deep belief in the power of INSEAD’s education to make a change and partnering with the school to push the frontiers of knowledge. Singular as each motive may be, it is very gratifying to witness the trust placed in the school and the satisfaction of doing something significant through INSEAD.

I am delighted to report that in 2013/2014 the total of your gifts and pledges increased by 6% on the previous year. The impact of your gifts is immeasurable. The following pages are intended to give you a sense of how your gifts are translating into building the school’s reputation, extending our global learning community and forging a strong future.

In our goal to bring you closer to INSEAD, we are increasing engagement opportunities for all donors. Alumni, individual friends and corporations will have further access to the school’s global talent and latest research. The Corporate Associate Programme has been revamped with additional opportunities and improved visibility. We will enhance our recognition programme for all donors — both alumni and non-alumni — to express our appreciation fully.

I also wish to thank the thousands of volunteers who give their valuable time and expertise in support of the school’s activities. My special thanks go to the Chairman of the INSEAD Alumni Fund Leonidas Los and the global directors and trustees of the IAF — your help has been vital to our efforts. I would like to thank the INSEAD Alumni Association President Sven Kado, the National Associations, Global Clubs and National and International Councils for their amazing support. To the members of the Board and the Advisory Council I offer my gratitude for your counsel and leadership — it is a privilege to work with such an esteemed group of leaders from around the world.

Under Dean Ilian Mihov’s inspiring leadership, we will continue to work together to raise the excellence, innovation and relevance of our school to a new level. These are exciting times to be part of the INSEAD donor community. I thank you for offering your unique motivation and contributions to our school’s future success.

Joanne Shoveller Associate Dean
Advancement and Alumni Relations

Alumni support fuels INSEAD's advancement
Dear fellow alumni and friends,

Our pride in our school and belief in its mission are manifested increasingly through wider alumni support. This is a promising indication of maturing awareness of the resources our school needs to maintain its leading position in the world. Dean Ilian Mihov’s clear and constant message that fundraising is critical to the future of our school is inspiring new engagement from our community and for this we are most grateful to him.

There were 312 new alumni donors last year, an increase of 19% compared to 2012/2013. Gifts and pledges below €50,000 rose by 21% over the same period, indicating that alumni participated at all levels.

On behalf of the IAF trustees, I warmly thank you for your engagement. Your collective gifts are providing much-needed funds to invest in the future and build quality in every part of the school’s activities. They are helping our school to compete with peer institutions and to preserve INSEAD’s exacting standards, reflected in the fact that an INSEAD degree continues to be one of the most prized in the world.

I would also like to take this opportunity to thank our fundraising volunteers for their dedication to this important activity and in particular the Board of the IAF. They are exemplary in giving in kind and selfless in their service to the INSEAD community. I am delighted to welcome Caroline van Scheltinga, MBA’88J, who joins the IAF Board as a Global Director. Her experience will prove invaluable.

Furthermore, I would like to thank the INSEAD Alumni Association President Sven Kado, MBA’72, for his continued passion and service to the school’s alumni community.

Our work and the enjoyment we draw from it would not be possible without the encouragement and commitment of Joanne Shoveller, Associate Dean, Advancement & Alumni Relations, and her team. They are indeed integral to our efforts to increase alumni support and to serve the alumni community.

Building INSEAD’s future requires teamwork, partnership and alumni uniting to support the school. Your participation at every level counts and every gift, whatever the amount, is a gift that enables the school to take a step forward. So I ask you to remember INSEAD in your annual giving. Remember also to share your enthusiasm for INSEAD with fellow alumni. Together we can take INSEAD to even greater heights.

With gratitude and best wishes,

Leonidas T.Los, MBA'75 Chairman
INSEAD Alumni Fund

Manuel Sosa
Associate Professor of Technology and Operations Management

“The Creative-Business Learning Platform sponsored by the generous gift of Gary Wang has been a crucial catalyst to help us re-imagine how to teach creative thinking in our MBA programme. We are transforming the teaching of creativity into a handson learning experience that combines theory in creativity with practice in design. This requires the configuration of new physical spaces, the use of novel materials and tools and the development of innovative and relevant content.

We are working with faculty and design students from the Art Center College of Design (Pasadena, California) as well as industry partners from various design firms to develop novel learning experiences that integrate creative and business thinking for successful innovation management in organisations. Our current efforts are building upon the 10-year collaboration with the Art Center College of Design supported by the Heinrich and Esther Baumann- Steiner Endowed Fund for Creativity and Business.”

Advancing our school together

Dear donors,
INSEAD’s story is truly remarkable. The vision of our founders — to be international, diverse, entrepreneurial and independent — set us on a different path from other business schools. Throughout our 55-year history we have introduced innovations that have disrupted existing concepts of management education. We created the first international school, the first one-year MBA programme and the first company-specific executive programme. Today we are the first and only school to operate seamlessly on campuses in three distinct locations.

Read Full Letter

Ilian Mihov

Dean of INSEAD

Alumni and friends:
partners in INSEAD’s evolution

Dear INSEAD donor,

Thank you for the support that you have given to INSEAD, The Business School for the World.

As a global donor community, the reasons why you support INSEAD vary widely. In keeping with your unique motivation and expectations, our team works to ensure that the impact you want to create and the engagement you want with the school is realised in full.

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Joanne Shoveller

Associate Dean
Advancement and Alumni Relations

Alumni support fuels INSEAD’s advancement

Dear fellow alumni and friends,

Our pride in our school and belief in its mission are manifested increasingly through wider alumni support. This is a promising indication of maturing awareness of the resources our school needs to maintain its leading position in the world. Dean Ilian Mihov’s clear and constant message that fundraising is critical to the future of our school is inspiring new engagement from our community and for this we are most grateful to him.

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Leonidas T. Los

Chairman
INSEAD Alumni Fund

2013/2014

Financial overview of the school

Endowment at market value
(€ millions)

2013/2014

Financial overview of the school

Allocation of spending from endowment in 2013/2014

Key

Chairs
Research
Scholarships
Other

2013/2014

Financial overview

2014 revenue

Key

Degree programmes
Gifts, endowment yield and contract research
Executive education programmes
Facilities, IT and support functions

2013/2014

Financial overview of the school

2014 expenditure

Key

Faculty and research
Degree and Executive
Education programmes
Facilities, IT and support functions

Empowering INSEAD to advance:

New gifts and pledges in 2013/2014

Collectively you gave

€11,123,636

of which, alumni gave

€4,264,375

& corporations, foundations & friends

€6,859,261

Given in current funds

€4,941,304

Given in endowment

€1,425,321

Given in capital

€4,757,011

Empowering INSEAD to advance:

New gifts and pledges in 2013/2014

Where did donors direct their gifts in 2013/2014?

Grand total €11,123,636

Key

Asia campus expansion
Research
Scholarship and financial aid
Dean’s annual fund
Unrestricted gifts
Campus facilities
Centre for Economic Growth in Abu Dhabi
Endowment (general)
Gifts for specific projects and events

Advancing INSEAD:

Alumni gifts in 2013/2014

Total alumni gifts and pledges

€4,264,375

Total number of alumni donors

2,122

IAF results: new records

21%

increase in new gifts and pledges over 2012/2013

19%

increase in alumni donors over 2012/2013

Advancing INSEAD:

Alumni gifts in 2013/2014

Where did alumni direct their gifts in 2013/2014?

Key

Scholarships & financial aid
Research
Dean’s annual fund
Facilities
Endowment (general)
Asia campus expansion
Gifts for specific projects and events

Student financial aid

Thank you to all donors who gave to scholarships and the INSEAD Loan Fund. Your support is helping INSEAD to attract the brightest students and sustain true diversity in our classes.

Outright gifts during the year and yield from past endowed gifts enabled the school to award scholarships to 220 students in the classes of ‘15J and D, that is 21% of the combined classes. We are pleased to report that the average scholarship amount rose from €12,600 to €13,600 this year. The INSEAD Loan Fund for MBA students grew by more than €200,000 thanks to alumni support, thus providing more deserving students with the opportunity to join INSEAD.
IAF Diversity Scholarships: More than 500 students have benefited from these scholarships since 2001

>> Khant Khant Kyaw >> Denys Bilodid >> Andras Vastag >> Yulia Andreeva >> Anne Sveaass

Gifts to research

To be a leader in management education implies not only excellence in teaching and continuous pedagogical innovation, but also requires our school to be at the forefront of knowledge creation.
Today, INSEAD has become a leader in academic research. True to our values we strive to publish academic articles that are not only rigorous but also relevant for practitioners. Impactful research, however, requires time and financial resources.
INSEAD is fortunate to have alumni and corporate friends who partner with the school in this core activity. Their gifts have played a key role in INSEAD’s exponentially increasing reputation in research and teaching.
The academic year 2013/2014 brought many accolades: from top positions in academic rankings and case surveys to prestigious research awards. Donor trust and generosity continued, providing critical means for faculty to advance knowledge and learning.

>> Gary Wang >> Manuel Sosa

Powering a flexible, agile school

Unrestricted gifts in current funds and endowment

INSEAD thanks all donors who provided the Dean with the resources to support areas of priority in realising our vision. Thanks go equally to the donors who made unrestricted gifts to the school’s endowment. While the Dean’s Annual Fund disburses gifts in the academic year, gifts to the endowment are helping us to build the school’s financial foundation and to plan for the future.

>> Rémy Best

Dean's Annual Fund

“Your gifts to the Dean’s Annual Fund give me the flexibility to direct resources in vital areas that are critical to our competitiveness and in strengthening our global network. In 2013/2014, your gifts were channelled in three areas — building our brand, strengthening our Career Development Centre and in reinforcing our global network. In each of these areas, your gifts have fuelled projects that have been instrumental in driving learning innovation, building great services for our students and interaction within our community.

On behalf of the school, my sincere thanks for your belief and trust in my vision for the future success of INSEAD.”


Ilian Mihov

Dean of INSEAD

Dean's annual fund: funds raised & allocation

Total value of gifts and pledges to the Dean’s Annual Fund in 2013/2014:

€745,458

Total value of gifts received to date:

€531,000

Number of donors:

307

Allocation area details

Key

Strengthening global network

MyINSEAD (INSEAD community portal)

Alumni magazine

Alumni forums

Brand and Reputation

Digital communications Research initiatives

Global business

Leaders conference

Career Development

Student summer projects

Benchmarking and action plan

Rankings study for degree programmes

Developing state-of-the-art facilities

All of INSEAD’s three campuses embody the school’s unique history and spirit. Connected virtually and through constant exchanges, they are arenas of learning and interaction for our global community. Donor support is important to growing and changing our facilities so that they match the highest standards and serve our mission of excellence.
INSEAD thanks donors who have helped in the creation of the Leadership Development Centre, part of our Phase III expansion of the Asia campus. Your collective giving helped us to raise over S$20 million for the strategic development of our school. We also thank donors for their gifts to renovate and refurbish our Europe campus, where the INSEAD story began for so many of us.

Loyal donors:

constant partners in building our future

217

donating for 10 – 14 years

124

donating for 15 – 19 years

89

donating for 20 – 29 years

20

donating for over 30 years

Legacy commitments

INSEAD honours alumni who believe in its mission and who, besides giving in other ways, are also supporting the school by including INSEAD in their planned legacy gifts. While some donors prefer to direct their future gifts to areas of their choice, most leave the decision to the school.

INSEAD is proud to recognise the Georges and Edna Doriot Society donors for their exceptional foresight and generosity.



INSEAD thanks every donor for their contribution in shaping the future of our school. To view the full Donors Honour Roll, please contact helle.jensen@insead.edu

Contact Us

Advancement and Alumni Relations
– Joanne Shoveller
Associate Dean
j.shoveller@insead.edu
Tel: +33 (0) 1 60 72 93 55

Annual Giving (INSEAD Alumni Fund)
– Nynke Fautrat
Associate Director
nynke.fautrat@insead.edu
Tel: +33 (0) 1 60 72 42 16

Stewardship and Donor Relations Services
Helle Jensen, Associate Director
helle.jensen@insead.edu
Tel: +33 (0) 1 60 72 93 25

Corporate Relations
Hilde Deschoemaeker, Associate Director
hilde.deshoemaeker@insead.edu
Tel: +33 (0) 1 60 72 90 54

Legacy Giving
Christen Wise, Director
christen.wise@insead.edu
Tel: +33 (0) 1 60 72 93 01