INCAE Business School launches “Illuminate: The Campaign for the Future” in Nicaragua and Costa Rica
Martes 13 de Marzo de 2012 11:36
INCAE, March 9, 2012. INCAE is embarking on its first structured fund-raising campaign that seeks to secure resources to continue to have a powerful impact in the Region.
The launch was held on March 6 in Managua, Nicaragua, and on March 8 in San José, Costa Rica. Both events were presided over by INCAE's Board, President Arturo Condo, and the Director of Development, Wendy Rodríguez.
The attendees included members of the INCAE Board, the Presidential Advisory Council, National Committee, the Founders' Circle, as well as friends, donors, graduates and other members of the INCAE family.
A special recognition was presented to Danilo Lacayo Rappaccioli, member of INCAE's National Committee since 1964, and member of the Board since 1976, commemorating "his exceptional leadership and effort, and his commitment to INCAE's development which have contributed and strengthened our Institution, its history, evolution, development and impact in Latin America"
One highlight of the events, was the debut of the "The INCAE Project"; a short film produced by Ana Coyne Alonso, a well-recognized Nicaraguan-American filmmaker.
The international launch of the Campaign will be held with events on April 10, 12 and 19 in three cities in the United States: Boston, New York and Washington, DC, respectively.
Offering competitive scholarships and world class research
As Arturo Condo, INCAE's President explained: "INCAE's current endowment fund makes it very hard to compete with schools from the United States and Europe who can offer more competitive scholarship packages to top applicants, and that have more research funds to attract and retain the most prominent faculty from the Region".
Statistics show that more than 90% of INCAE students stay in Latin America when they graduate. Today, there are more than 12,000 students that make a difference through their work in the most important positions in businesses, industries and governments throughout Latin America.
INCAE professors hail from some of the most prestigious institutions in the world, including Harvard, Yale, MIT, Oxford, Kellogg, and Wharton. More than 95% hold doctoral degrees. However, their salaries are significantly lower than the average at U.S. business schools.
Condo details that the campaign's preliminary goal is to raise $50 million, which will provide the necessary resources to continue to have a positive impact in the Region.
"The funding objectives for this campaign have been very carefully selected to have optimal impact in the areas where they are needed most. Donors can be assured that INCAE will be accountable for each and every gift it receives and that their generosity will truly make a difference", mentioned INCAE's president.
Carlos Pellas, President of Pellas Group, member of INCAE's Presidential Advisory Council and recently named Vice President of the Board, details how this business school has shown its commitment to the Region's development.
"INCAE has proved its commitment to the Region and we know that only high quality education can ensure a sustainable development. Anyone associated with INCAE should be very proud and want to make sure the institution continues. So we are in front of a great opportunity to make the difference. We need more entrepreneurs to have the same commitment, with the same passion and love", expressed Pellas.
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