Babson College Aims to Score $300 Million Makes Largest Fundraising Campaign in History

Brought two-third of the goal initially breaks the record of $67.4 million of last year.

The top-ranked college for entrepreneurship education, Babson College, announced the most ambitious fundraising campaign in its 100-year history. The step follows a goal of raising $300 million and tripling percentage of alumni who donate annually to the College over the next four years. Most of the collected fund will be dedicated to campaign’s goal of improving the student experience through scholarships, internships, study abroad opportunities, athletics, and extracurricular programs.

Milestones to serve the cause

Babson started with only 27 students in 1919; take a pledge to embark on a business a career as a means of rendering service to humanity. Serving the same, even before its public launch the campaign reached momentous milestones. The committed alumni and friends have managed to collect more than $188 million during the campaign’s quiet phase, marking an impression of great lead-bringing the initial total to almost two-thirds of the goal. Previously, in between 2013 and 2018, the total commitments to the college have grown from $10.4 million to a record-setting $67.4 million last year. President Kerry Healey said, “As Babson celebrates our historic Centennial year, we are committed to investing in the next generation of people and programs that will create economic and social value everywhere.” “Through the philanthropic generosity of Babson’s alumni and friends, the College will extend its impact and leadership, and remain at the forefront of entrepreneurship education,” he assured.

All-time successful and diverse steps

The campaign seeks to increase the accessibility and affordability of Babson to students from diverse backgrounds and from around the world. Under President Healey’s leadership, Babson recently began meeting 100 percent of first-year students demonstrated financial aid need for the first time in history. Babson also has established need-based, full-tuition scholarships for its new Global Scholars Program. To date, donors have given $20.9 million that has supported 47 global scholars from 30 countries. In addition to enhancing the student experience, the campaign’s other main priority is to support the work of Babson’s faculty. From 2013 to 2018, the number of donors to Babson has increased by 74 percent, and alumni participation has increased from 15 percent to 30.5 percent. The campaign goal is to reach or surpass 40 percent participation.