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Stanford Graduate School of Business
Stanford Business

November 2004

Sloan Graduates Create Endowment

The new Sloan Endowment Fund, which raised $177,000 in its first year, owes its success to three Sloan Fellows who have never met. Tim Wray, Sloan ’02, had the idea for the fund and began working out logistics with the GSB development office. Greg LeClaire, Sloan ’03, took the idea and ran with it. He saw the fund officially established in his final quarter on campus and solicited the donations of 44 percent of his class. Erik Charlton, Sloan ’04, headed a committee that successfully solicited donations from 76 percent of the Class of ’04. Now Charlton and his classmate Jay Backstrand are leading a campaign to encourage all Sloan alumni to take part.

As the fund grows, its income will be used to address the needs of the Sloan Master’s Program. Says LeClaire: “While I firmly believe the GSB is a tightly bonded community which generously shares resources among its programs, I and those who contributed to the Sloan endowment want the program to have its own funds available for specific program-enhancing uses. Whether to improve the quality of teaching, increase academic offerings, or bring in prominent speakers, the endowment provides for the continuing support and enhancement of the Sloan Master’s Program.”


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