2020–21 Business School Fund Report

The world needs leaders who can not only provide analytic and strategic approaches to the collective challenges we face, but also embody courage, empathy, and innovation. To this end, the Business School Fund continues to invest in priorities that enhance the Stanford Graduate School of Business community.

Annual and reunion contributions received in the fiscal year that ended August 31, 2021, made the following achievements possible for the school.

2020–21 Highlights

2020-21 BSF Highlights

How Your Gift Supported Business School Fund Priorities

Financial Aid


Over half of MBA students receive need-based financial aid. Last year, alumni gifts to the Business School Fund filled the $4.6 million gap between student need and the endowment income from dedicated fellowship funds.

Zegas Gregory

Students like Gregory Zegas, MBA ’22, rely on the Business School Fund Fellowship for support. Zegas came to the GSB to sharpen his leadership skills, gain entrepreneurial and financial expertise, and join a cohort of peers with big visions and a global reach. “The biggest highlight is getting to know the endlessly impressive and kind classmates, faculty, and alumni. None of this would be possible for me without your support.”

Academic Innovation


Your gifts help drive academic innovation that enables state–of–the–art teaching and learning methods and curricular development. It is crucial to invest in engaging, inclusive, and individualized learning experiences. The GSB is bolstering our sustainability efforts through research, events, and speakers, and by offering courses like The Politics, Policy, and Finance for Solving Global Warming. This course explores how the next generation of leaders can use a combination of political power, forward–looking public policy, and financing new technologies to solve this vexing challenge. GSB faculty will continue to focus on curriculum design and research goals to expand innovative, sustainability–focused endeavors.

Diversity, Equity, and Inclusion


We believe that enduring change is possible and acknowledge that culture change is not easy. Gifts to the Business School Fund help support efforts to increase representation, build greater inclusion, drive positive change beyond Stanford GSB, and ensure accountability within our own corridors.

Stanford GSB is committed to making positive change in the diversity, equity, and inclusion of our community, teaching, and research. Last year, the GSB held the inaugural Rising Scholars Conference for minority PhD and postdoctoral scholars. We are positively changing the classroom experience to encourage diversity of thought and opinion, including a concerted effort with case studies. Stanford GSB’s Director of Diverse Alumni Communities is a newly created role that will develop strategies, shape programs, and manage initiatives to support equity, inclusion, and belonging for GSB alumni. In the fall, we shared the Anti–Racism and Allyship 7–Day Journey, which reached a global audience.

Mental Health


Graduate students increasingly report that stress, anxiety, and/or depression is affecting their academic performance. The pandemic exacerbated these challenges. Your support funds critical student mental health care and wellness programs.

The GSB partnered with Stanford University’s Counseling and Psychological Services (CAPS) to provide mental health counselor dedicated to the school. Gifts also supported 10X Wellness, a program that allows participants to explore and practice healthy habits associated with positive outcomes for personal and professional success. 10X Wellness co-sponsored a relationship counseling event for students and their partners, and subsidized nutrition counseling with a licensed dietitian.

Faculty Research


The ability to address timely issues that have real-world application through experimental resources, data acquisition and research teams enables the school to continue to lead on issues that affect business and society.

Gifts to the Business School Fund are essential to attracting and developing promising young faculty alike rising star Matteo Maggiori. A finance faculty member, Maggiori studies international macroeconomics and finance. He received the prestigious Fischer Black Prize in recognition of a body of work that demonstrates both originality of scholarship and relevance for financial practice. His research topics have included the analysis of exchange rate dynamics, global capital flows, the international financial system, the role of the dollar as a reserve currency, tax havens, bubbles, expectations and portfolio investment, and very long–run discount rates.