Increasingly corporations are recognizing that a successful business must be soundnot only economically, but ecologically and socially as well. The top-ranked Business School and the School of Natural Resources and Environment (SNRE) have been working together toward fostering ecologically sustainable commerce with their joint-degree Corporate Environmental Management Program (CEMP). Students in the program will now receive a boost with a major gift from Ford Motor Company Fund that provides the needed match to secure a challenge grant from the McGraw Foundation.
Recently, the Max McGraw Foundation of Illinois, citing the CEMP program as one at the forefront of training the next generation of sustainable leaders, made a $75,000 challenge grant to provide financial support to CEMP graduate students. The funds will be distributed over a three-year period at $25,000 a year. In response to the first year of the challenge, Ford Motor Company Fund will provide $50,000 to support third-year CEMP students, making $75,000 available to third-year students this fall.
The academic value of the third year of CEMP is a major factor in distinguishing our students from those getting only business degrees elsewhere, says James Reece, professor of business and co-director of CEMP. The combined generosity of Ford Fund and the McGraw Foundation will be a big help in ensuring that CEMP students continue to benefit from this additional breadth and depth, which will make them even greater contributors to their employers and society.
CEMP is a joint three-year masters degree program offered by SNRE and the Business School. CEMP students earn both an M.B.A. and an M.S., and complete the program well versed in both management methods and environmental science. The size of the student body has doubled over the past five years, outpacing student funding and making this support especially important.