Category: Donor Impact (page 1 of 4)

News about Texas McCombs supporters

2nd Annual Scholarship Appreciation Event Highlights Benefits of Experiential Learning

A group of people sit around a round table smiling at the camera. On February 22, 2024, the McCombs School of Business welcomed more than 150 scholarship recipients and supporters to the Etter-Harbin Alumni Center for its annual Scholarship Appreciation Event.

Resuscitated in 2023 after a decade-long hiatus, the scholarship event offers an opportunity for individuals who fund scholarships to spend an evening getting to know student recipients. This year’s theme, Beyond Tuition, highlighted experiences that enhance student life outside the classroom.

Dean Lillian Mills greeted the attendees, encouraging them to converse with each other and learn more about student on- and off-campus involvement.

“Tonight, we look beyond tuition to learn what’s possible outside the classroom,” she said. “[With help from scholarship support,] these students study abroad, participate in student organizations, mentor younger students, and land stellar internships.”

During the course of the evening, attendees heard from a panel of MBA students that included Connor Hunerfauth, MBA candidate ’24; Emily McHale, MBA candidate ’25; Alex Mont, MBA candidate ’24; and Cindy Tieu, MBA candidate ’24, and moderated by Ashley Jones, Director of Student Experience, Full-time MBA. Each student shared about their undergraduate experience, their journeys as master’s students, and how to set – and achieve – goals.

Emely Valasquez, MPA ’24, and recipient of the Jessica and Clint Rancher Endowed Scholarship in Accounting and Weaver Endowed Scholarship in Accounting, took to the stage to share her own student story. As one of three daughters whose father never received an education, Emely said she knew attending The University of Texas at Austin was a longshot. Even after being accepted into the University, the cost of living in Austin seemed too daunting to overcome. Then she received a phone call that changed everything.

“On February 22, 2019, I got a call letting me know I had been awarded a full ride to The University of Texas [at Austin], which would not only cover my tuition for four years, but housing and supplies, as well,” she said. “The relief and happiness I felt at that moment was indescribable.”

She recounted how her father worked extra shifts to earn enough money to help her reach her goals, because “for him, higher education was the biggest inheritance he could leave for his three daughters.”

Emily went on to describe the impact her scholarship made, not just on her financial security, but on her life as a UT student. “It allowed me to take full advantage of all the opportunities I was presented with, as I had more time,” she said. “I am proud to stand before you in burnt orange today and share that on May 11, 2024, my father’s inheritance and dream of higher education will be complete, thanks to the generosity of people like you.”

Students Leo Ojeda and Estefania Ramírez also shared their own experiences as scholarship recipients with those in the audience.

Ojeda, BBA Management Information Systems and Marketing minor, is the recipient of the Dr. Timothy W. Ruefli Scholarship in IROM and will graduate in May 2024. As a McCombs Success Scholar, he found a home among his fellow McCombs students despite being the only one from his high school to attend UT Austin. He eventually became a mentor so he could help other students with similar backgrounds.

“My scholarship allows for academic and personal growth, [so I can] fully immerse myself in my passions academically and professionally,” he said. “It allows me to increase my professional network through unique social events, like this one tonight.”

Polly Trigger, Director of Student Affairs Outreach and Scholarships, Office of Student Life, International Programs, took to the podium to share what the study abroad experience means to students, as she highlighted videos submitted from students studying in far-flung parts of the world.

“McCombs has long invested in global learning opportunities for its students at both the undergraduate and graduate levels,” she said. “As a business graduate, no matter your major, you must understand how business works in the global context.”

As part of her talk, Trigger pointed out that 88 percent of study abroad graduates reported having a valuable network of peers from the experience. Ninety-eight percent report they gained soft skills from the program, and 58% of BBA study abroad participants received some level of financial aid. Of those students, almost 40% were classified as high financial need.

“McCombs continues to invest in transformational experiential learning, such as study abroad programs, for which I know we are all grateful, as it truly has the potential to change lives,” she said.

By the end of the evening, scholarship supporters and students had heard about the ways financial assistance can impact all levels of learning.

“This year was very special because we had the chance to recognize the many ways in which our scholarship supporters positively impact our students,” said Sara Jebaily, Associate Director of Stewardship. “These are areas a lot of our supporters aren’t as familiar with, so it’s great to bring them into the spotlight.”

Planning for next year’s scholarship event is underway, and a date will be announced soon. To learn how you can establish a student scholarship, contact development@mccombs.utexas.edu.

See photos from the evening here.

McCombs Unveils Rosenthal Department of Management

A man and woman hug at the base of the UT Tower.

Rozanne Rosenthal, B.S. ’74, and Billy Rosenthal, BBA ’72, pose in front of the UT Tower, which was lit in their honor January 16, 2024, in recognition of their $25 million gift to the McCombs School of Business. (Photo courtesy of Chris Lammert Photography)

Learn More About the Rosenthals

On January 16, 2024, the McCombs School of Business established its first named academic department, thanks to a generous $25 million gift by Rozanne and Billy Rosenthal of Fort Worth, Texas. The newly named Rosenthal Department of Management will continue to inspire students to develop management, leadership, and entrepreneurial skills. The landmark gift will enable the department to increase its efforts around research, students, faculty, and academic innovation.

To mark the occasion, The University of Texas at Austin and McCombs hosted a series of events, beginning with a naming ceremony and celebration in the Hall of Honors where Dean Lillian Mills and President Jay Hartzell shared their admiration for the couple and their appreciation for their generosity.

The Rosenthals were welcomed by a crowd of more than 100 people as they entered through a balloon tunnel in the Hall of Honors, where a light reception followed the name plaque reveal of new signage for the newly minted Rosenthal Department of Management. The Longhorn band and cheerleaders capped off the event with a rendition of The Eyes of Texas and the UT Fight Song.

“Rozanne and Billy embody what we mean when we say, ‘What Starts Here Changes the World,’” Hartzell said later that evening. “This department is the epicenter of the University’s efforts that prepare students to be leaders in their communities and their chosen fields and through public service.”

Following the ceremony, a reception was held in the Main Building next to the UT Tower, followed by a dinner where a bespoke box containing messages of thanks from McCombs faculty and students was presented to the couple.

“Over the past few years, as I’ve spent time with Rozanne and Billy, I’m so impressed by their humility, their thoughtful connection and commitment to community, and of course this monumental contribution, not just with us, but to Texas Business,” said Mills. “I’m so happy that the Rosenthals’ vision matches [McCombs’] and our trust and belief in the management department.”

Phil Canfield, benefactor of the Canfield Business Honors Program toasted the couple, saying, “It’s so appropriate that the first named department is the department of management. That’s where you learn to lead, that’s where we learn to be part of a team, and how to work with people. That’s really special.”

The evening concluded with a surprise lighting of the UT Tower in honor of the Rosenthals. Friends and family were invited to join the couple for photos with the Tower in the background.

VIEW PHOTOS FROM THE EVENT HERE

A gift to support the McCombs School is a great way to invest in student success. Contact our development department to learn how you can leave a legacy that will Change the World. 

 

Blind Ambition: Jay Steinfeld, BBA ’76, Shares How Success Shapes His Giving

bald man smiles at camera

Blinds.com Founder Jay Steinfeld. © 2021 Robert Seale/All rights reserved.

Jay Steinfeld, BBA ’76, knows a good thing when he sees it. Such as when he saw the potential of the internet as an online retail space when the technology was still in its infancy. He knew that, despite his disdain for accounting, it would be the key to his future success. Even before it was named for Red McCombs, Jay also knew that the business school at The University of Texas at Austin was a special place.

Jay’s success story is one of legend. After working alongside his late wife, Naomi, in the retail blinds business, he became interested in a new platform called the World Wide Web.

“It was this new thing that nobody really understood yet,” he said. “But then I started thinking that maybe it could be used for selling blinds and draperies online. So, we tried it.”

With just $3,000 of start-up money, Jay and Naomi launched a rudimentary website in 1993. From there, he launched another site, Blinds.com, with revenue reaching over $100 million (and eventually over $1 billion) before being acquired by The Home Depot.

“Everything in life is an experiment,” he said. “The point is to continue to get better and help the people around me get better, too. That’s how I live my life.”

It’s also the motto behind how he gives: Philanthropy is an experiment.  Investing time and money in causes he believes in, Jay has developed a diverse giving portfolio.  He serves on several boards for organizations, such as Hand-in-Hand, which supports schools in Israel.

Never one to leave his Longhorn roots behind, Jay recently endowed a student seat in the Herb Kelleher Entrepreneurship Center’s Forty Acres Founders Pre-Accelerator Program, which enables students to learn how to start a business from the ground up, including securing seed funding for their company.  He has also generously included McCombs in his estate.

“If it weren’t for UT, I wouldn’t have gotten my first job, which was at one of the big eight accounting firms,” he said.  “It was my first step toward becoming an entrepreneur, and it made all the difference.”

He also credits his time at the business school with teaching him how to prioritize the important things over distractions.

“At the time [I attended UT], I didn’t know anything about core values. While I was there, I realized there was so much opportunity, so many choices, good and bad,” he said. “It necessitated learning how to prioritize so I could be productive.

That lesson clearly paid off.  In 2013 he was ranked globally as one of the Top 60 CEOs on social media, and he regularly churns out insightful articles on effective leadership for Inc. Magazine and CBS Market Watch under the moniker Chief Effective Officer.  As far as giving back is concerned, that is just a byproduct of his philosophy that “you are never going to be as good as you can be.”

“I ask myself, ‘How good can I be? What effect can I have at UT?’ and I try to fulfill that,” he said. “By giving an endowment or scholarship, you are actually investing in a whole set of people who just might change the world. How do you not do that?”

To learn more about how to create an endowment or scholarship at Texas McCombs, contact us at donorrelations@mccombs.utexas.edu.

New York For McCombs and Wall Street For McCombs Celebrate 10 Years

 

More than 100 alumni and students celebrated the New York for McCombs Council’s Tenth Anniversary on Monday, October 16. New York for McCombs (NYFM) is an alumni advisory council, launched in 2013 in response to the need to enhance connections for McCombs talent, both current and future.

Founding members like George Ackert, BBA ’91, who is senior managing director of strategic advisory at Evercore Partners, enjoyed marking the milestone while still making plans for even more in the future.

“Every day we pass a new milestone with more and more UT students being able to get one, two, five and ten offers from Wall Street firms,” he said. “I can’t think of a school with better placement for a business student aspiring to be an investment banker.”

Council members are accomplished leaders in their communities and industries who help shape the overall student and alumni experience in New York. The Council’s mission is to help raise the McCombs School of Business’ profile in New York and to support the Wall Street for McCombs (WSFM) investment banking training program. Alexandra Burban, BBA ’00, head of corporate development at Standard Industries, and current chair, is excited to see how much the Council has been able to grow and benefit McCombs graduates entering the workforce.

“The fact that we’ve been able to create a pipeline that’s ever-growing of students who are incredibly deserving and accomplished, and, in particular, deserve these opportunities has been an amazing achievement in and of itself,” she said.

The NYFM Council’s fall meeting was preceded by an alumni and student reception at the Penn Club of New York, co-hosted with the Texas Real Estate Center. Wall Street for McCombs and Texas Real Estate students were in Manhattan for their annual company treks and enjoyed visiting with Texas alumni about their experiences living and working in New York.

Listen to this month’s bonus episode of the McCombs Made podcast to hear from Paul Aaron, BBA ’95, and former McCombs dean Tom Gilligan, founding members of New York for McCombs, on what the last 10 years have taught them and what they hope to see in the future.

 

 

Ed and Connie Easley: Investing In the Place they Love

A blonde woman smiles at the camera.

Connie and Ed Easley continue to love and give back to UT.

It would be an understatement to say that the Easley family are Longhorn fans. Despite being the lone Red Raider in their family of four, Connie admits they all “bleed burnt orange.” Their love for the University is what pulled Ed and Connie back to Austin after Ed’s retirement as President of Lennar Multifamily Development and Construction Operations. Their commitment to all things burnt orange is only matched by their desire to give back and make an impact on campus.

The couple have continued to support UT for 20A man smiles at the camera. years, most recently establishing the John “Ed” and Connie J. Easley Forty Acres Founders Endowed Excellence Fund. The Fund will provide support for students participating in the Founders Program within the Herb Kelleher Entrepreneurship Center, where Ed was invited to speak to students during this year’s summer session.

“Making this kind of gift was not something I thought about as a student,” said Ed. “But we are very fortunate to be able to give back, and it makes me proud to be able to leave that kind of legacy.”

Ed’s heart has always been in Austin, he admits, even after nearly five decades of traveling coast-to-coast for his job in real estate development. He said that during his nationwide travels, he never felt at home like he does here in Austin. That’s why, shortly before retiring, he and Connie decided to move permanently back to Austin, home of “the most amazing college in Texas,” as Connie said.

“I never really wanted to leave in the first place,” he admits. “But back in 1973, you had to go where the work was. There were not the vast number of job opportunities in Austin that there are now.”

After graduation Ed moved to Lake Tahoe to begin his career, which would include stints at several companies as well as owning his own real estate development business and a couple of restaurants. He survived five recessions and one early retirement before returning to the real estate industry to close out his career at Lennar.

“Lennar was a great way for me to end my career,” he said. “I was able to manage 12 fully integrated divisions from coast-to-coast.”

Looking back, he said he can credit UT and McCombs for helping him prepare for all of the transitions and many of the challenges that were part of his impressive journey.

“The entire experience [of attending UT] was challenging in a good way,” he said. “I felt right at home in the business school and being there taught me a lot. I loved it.”

Connie, a Texas Tech University grad, pursued a career as a teacher in inner-city schools, something she felt was akin to a calling. The daughter of a Baptist minister, Connie says she always felt the need to take care of children.

“My mom always had a spirit of taking care of kids in need,” she said. “So, I always felt drawn to the students who didn’t necessarily have ideal upbringings.”

That spirit of caring for others permeates the couple’s philanthropy philosophy, always seeking out areas with need and doing their best to fill it. Aside from their UT contributions, the Easleys have supported two girls’ orphanages in Peru, and Connie makes quilts for foster care children.

“We‘re lucky people,” said Connie. “We know that, and we want to give back where we can.”

Ed adds, “It’s important to look back and appreciate where you’ve been. It’s truly an honor to give back.”

Reflecting on his own UT experience, Ed thinks carefully about what he would tell the students embarking on their own Longhorn journeys. It comes down to this: “Embrace the UT experience. You don’t realize it now, but this is a defining moment in your life, so make the most of it.”

The McCombs School of Business Announces New BBA Advisory Board Members and Executive Committee Leadership for Fall 2023

The McCombs School of Business at The University of Texas at Austin is pleased to announce the appointment of the following members to its BBA Advisory Board and 2023-24 BBA Executive Committee.

New BBA Advisory Board Members:

Homer Bhullar, BA ’02, MBA ’11
Vice President Investor Relations and Finance, Valero Energy
San Antonio, TX

Alex Burban, BA, BBA ’00
Global Head of Corporate Development and M&A, Standard Industries
New York, NY

Keri Herrin, BBA ’98
Founder and President, Peak 11 Promotions and Uniforms LLC
Houston, TX

Ely Hobbick, BBA ’98
Vice President of Global Commercial Reporting and Analytics, Diligent
Austin, TX

Lamarr Houston, BS ’11, MSTC ’22
President and Co-Founder, Boxxtech
Austin, TX

Justin Johnson, BBA ’13
Head of Creator Relations, MoonPay
San Antonio, TX

Haley Jústiz, BA, BBA ’23
2023 Rising Star Leadership Award Recipient
Incoming Associate, Boston Consulting Group
New York, NY

Francisco Leon, MBA ’07
President and CEO, California Resources Corporation
Long Beach, CA

Eddie Lopez, BM ’08
Owner, Perform America
Austin, TX

Sushil Patel, BBA ’99
President, Owner, State Bank of Texas
Dallas, TX

Adam Rosenthal, BBA ’90
Managing Director, Senior Portfolio Manager, and Family Office Consultant, UBS Financial Services Inc.
New York, NY

Laura E. Thompson, BBA/MPA ’08
CFO, Platform Partners LLC
Houston, TX

The 2023-24 BBA Executive Committee:

Chair: Luis Rhi, BBA ’98 | Director, Equity Portfolio Manager and Senior Analyst, Barrow Hanley Global Investors, Dallas, TX

Vice Chair: Neal Golden, BA ’86 | President, Texas Regional Manager and Vice Chairman, Newmark Knight Frank / Post Lake Capital Partners, Austin, TX

Values Ambassador Chair: Neha Patel, BBA/MPA ’03 | Partner-in-Charge, IT Advisory Services, Weaver, Dallas, TX

Past Chair: Ashley Smith, BBA ’06, Client Account Executive, Accenture, Houston, TX

The McCombs School would like to thank our new members and leaders for their service! We would like to especially recognize outgoing Chair Ashley Smith, BBA ’06, for her leadership, and our Past Chair Terese Everson, BBA ’96, for serving on the executive committee.

Additionally, the following members have been appointed for a second, active three-year term:

  • James Jackson, BBA ’14
  • Scott Packman, BBA ’90, MBA ’91, JD ’95 (NYU)
  • Neha Patel, BBA/MPA ’03
  • George Wommack, BBA ’06

Emily Nguyen, BBA ’22, has been appointed to her first three-year board term having served the previous year as the Rising Star representative.

 

Lastly, we would like to thank our board members who are rolling off the board this year. Thank you for your time and service to the McCombs School!

  • Brian Chou, BBA, MPA ’12
  • Amy Enrione, BBA ’16
  • Devin Fletcher, BBA ’07
  • Phoebe Lin, BBA, BS ’19
  • Cindy Lo, BBA ’98
  • Irene Puhala, BBA/MPA ’92
  • Jennifer Wenzel, BBA ’04

Veshal Arul Prakash, BBA ’20, will be taking a two-year pause on his board membership to pursue his MBA degree at Harvard University. Congratulations, Veshal!

About the board:
The McCombs School of Business BBA Advisory Board was formed in 2008 to assist the dean, associate dean of undergraduate programs, faculty, and staff of the McCombs School of Business in achieving and maintaining “best of class” status for the BBA programs. This diverse group of individuals ensures the integrity of the BBA Advisory Board mission by supporting the strategy planning, curricula, external affairs, alumni engagement, fundraising efforts, and student placement. The Executive Committee receives rolling applications throughout the year with consideration for membership in the spring. The new members of the BBA Advisory Board begin their three-year terms the following September.

The McCombs School of Business Announces New MBA Advisory Board Members and Executive Committee Leadership for Fall 2023

The McCombs School of Business at The University of Texas at Austin is pleased to announce the appointment of the following members to its MBA Advisory Board and 2023-24 BBA Executive Committee.

New MBA Advisory Board Members:

Mark Allen, MBA ’22
Director, USAA
Austin, TX

Launa Bilal, MBA ’17
Associate Director of Change Management, Illumina
Dallas, TX

Roland Grant Jr., MBA ’23
2023 Alumni Ambassador Award Recipient – Full-Time Program
Associate, Citigroup Global Markets, Inc.
Houston, TX

Jacob Hall, MBA ’22
CEO, Speedworks Investments LLC
Cypress, TX

Jenny Hunt, MBA ’19
Vice President, J.P. Morgan Private Bank
Dallas, TX

Gbenoba Idah, MBA ’20
Strategy Lead, Enterprise, Nike
Portland, OR

Julie Marco, MBA ’23
2023 Alumni Ambassador Award Recipient – Working Professional Program
Engagement Manager, ZoomRx
Austin, TX

Matthew Parson, MBA ’20
Assistant Commissioner, Workforce Innovation, Texas Higher Education Coordinating Board
Austin, TX

Chris Starr, BBA/MPA ’11, MBA ’16
Director, Piper Sandler
Houston, TX

Jeff Talmadge, MBA ’23
2023 MBA Alumni Ambassador Award Recipient – Executive Program
Senior Account Manager, ARMS Reliability
Austin, TX

The 2023-24 MBA Executive Committee:

Chair: Kevin Zlotnik, BS ’10, MBA ’15 | Chief Investment Officer, BZMZ Interests, Houston, TX

Vice Chair: Natalie Barnard, MBA ’12 | Vice President, Chief of Staff, Amherst, Austin, TX

Past Chair: Wendy Wheless, BS ’04, MBA ’08 | CEO, Marathon Kids / Austin Runners Club, Austin, TX

The McCombs School would like to thank our new members and leaders for their service! We would like to especially recognize outgoing Chair Wendy Wheless, BS ’04, MBA ’08, for her leadership, and our former Past Chair Lisa Simon Michaud, MBA ’14, for serving on the executive committee.

Additionally, the following members have been appointed for a second, active three-year term:

  • Anthony Luu, MBA ’08
  • Raul Rodriguez, MBA ’13

MBA ’22 graduates, Noe Negrete, JD Harper, and Bradley Drenon have also been appointed to their first three-year board term having served the previous year as the 2022 Alumni Ambassadors for the Full-Time, Executive, and Working Professional programs, respectively.

View full membership.

Lastly, we would like to thank our board members who are rolling off the board this year. Thank you for your time and service to the McCombs School!

  • Peter Almond, MBA ’03
  • Matt Altenau, MBA ’06
  • Stacy Hock, MBA ’05
  • Carl Loredo, BA ’98, MBA ’03
  • Todd Parsapour, MBA ’98
  • Larry Patrick, MBA ’98
  • Doug Swanson, Jr., BA ’94, MBA ’99

About the board:
The McCombs School of Business MBA Advisory Board formed in 1996. Members assist the dean, associate dean of graduate programs, faculty, and staff of the McCombs School of Business in achieving and maintaining “best of class” status for the MBA programs. Members support the MBA program’s strategy planning, curricula, external affairs, alumni engagement, fundraising efforts, and student placement. Member nominations are accepted on a rolling basis. The executive committee considers nominations for membership each spring and new three-year terms begin Sept. 1.

MBA Fellowships: A Way Forward for All Students

A group of students smiles at the camera.

Students interacting – various locations 2016
All students have signed model releases on file.

When former First Lady of Texas Rita C. Clements passed away in 2018, she left a legacy as big as the state itself, including a deep and abiding love for The University of Texas at Austin. She served as a Regent for the UT System under Governors Rick Perry and George W. Bush from 1996-2007, among numerous other high-profile volunteer roles. As part of her estate, which was left entirely to charity, the Rita C. Clements Endowed Graduate Fellowship in Business was established to provide a pathway for McCombs MBA students. This, along with 80 other similar fellowships, offer graduate students the opportunities that could otherwise be out of reach, making them an integral part of the program.

Two of Clements’ daughters, Bonnie Smith, MBA’82 and Barbara Joan Bass Moroney, MBA’83, are both McCombs graduates. “UT was very important to my mother, and she spent a lot of time there,” said Bonnie. “And I thoroughly enjoyed McCombs. I thought it was an incredible program. It really equipped me for my career and life.”

In this spirit, the trustees for the Rita C. Crocker Clements Foundation granted the McCombs School with an MBA Fellowship. A formidable woman in life, Bonnie says the most impressive thing about her mother was that she left her estate entirely to charity. “I wish a lot of people would do that,” she said.

Tina Mabley, Assistant Dean for the Full Time MBA Program at McCombs, says this type of support plays a pivotal role in creating an academic atmosphere where bright minds are inspired, shaped, and encouraged to change the world.

“These forms of financial support are vital in attracting and retaining top-tier students from various backgrounds, cultures and experiences,” she said.

A family of four smiles at the camera.

Scott Mattei, MBA ’95, (pictured with his family) established the J. Scott Mattei Endowed MBA Scholarship

Scott Mattei, MBA ’95, President of Mattei Holdings, established the J. Scott Mattei Endowed MBA Scholarship to provide non-resident, MBA students with the chance to attend McCombs’ high-caliber program. It was important to him to provide a merit-based scholarship that also accounted for those with financial need.

“I believe an endowed scholarship by its nature allows for students to be able to rely on these funds their entire time spent at UT,” he said. “The certainty of this takes away some of the financial hurdles for students so they can focus on their personal growth and education.”

For Nora Moriarty, current MBA student, receiving the James A. Elkins, III Endowed Presidential Fellowship in Finance made all the difference in her ability to make the most of her McCombs experience. “Having an MBA scholarship lowered the cost of tuition and therefore gave me a lot more time to network with my peers, attend student organization events, and immerse myself in the McCombs culture,” she said.

The scholarship was established in memory of James A. Elkins, III, MBA ’76, following an illustrious banking career and a legacy of civic and cultural volunteerism. The endowed fellowship supports graduate students with an interest in finance.

Kevin Long, MBA ’25, conceived and cultivated his idea for heated outdoor furniture while a McCombs student supported by the Katie May Endowed Excellence Fund in Entrepreneurship, established to support graduate students who choose to work on their ventures during the summer.

“I co-founded Outmore Living with one of my classmates during my first year at McCombs,” he said. “[My scholarship] allowed me to forgo a traditional summer internship and focus completely on our company during the summer. I am confident that Outmore Living would not be in the position that we are in today without the work we spend that summer, and we have the Katie May Endowed Excellence Fund to thank for enabling that work.”

A man with blonde hair smiles at the camera.

Kevin Long, MBA ’25, is using his scholarship to pursue his advanced degree while launching his outdoor furniture business, Outmore.

Endowed fellowships range in size, beginning at $100,000 or more, and can influence if and where a student pursues their advanced degree.

For Peiying Wu, her fellowship allowed her to focus her energy in higher education.

“Quitting my full-time job to [complete] an MBA was not an easy decision for me, an international student,” she said. “I wanted to make a career pivot, but it was a high-stakes decision. Without the scholarship, I would not have been able to comfortably take on this challenge.”

During her time at McCombs, she was able to participate in a short-term exchange program at Tel Aviv University in Israel, opening her eyes to the possibilities in the global tech sector. Today, she has a career in tech product management.

“Providing support for students from across the globe enhances the reputation of McCombs’ MBA program,” said Rodrigo Malta, Managing Director of MBA Recruiting and Admissions. “That broad, diverse, and accomplished talent enriches the academic discourse, fosters dynamic learning environments, and prepares students to thrive in a globalized world. By offering scholarships and fellowships, Texas McCombs attracts some of the brightest minds from around the world.”

Scholarship funding at the graduate level can increase the quality and diversity of our enrolled students and help McCombs yield a better percentage of our outstanding applicants.

While McCombs’ tuition rates are lower than many private and other large state universities, those other schools have more funding to offer competitive fellowship packages.

75% of Texas McCombs’ admitted full-time MBA students receive some fellowship funding, ranging from a minimum of $5,000 to full-tuition awards of $50,000+. The average award to McCombs MBA students is $22,000, far less than peer schools’ averages of $35,000 or more.

To learn about how to establish a scholarship or fellowship, contact the McCombs Development Office at development@mccombs.utexas.edu.

McCombs Development and External Relations (DER) Wins CASE Circle of Excellence Award

woman holds a pin to camera

Dean Mills holds a pin with her drawing of Bevo on it in Rowling Hall on August 23, 2022. Photo by Lauren Gerson.

When the McCombs School of Business began celebrating its centennial year in 2022, it was right on the heels of the pandemic, and many organizations were just crawling out of a fundraising slump. Armed with a $500,000 matching fund initiative provided in partnership with Dean Lillian Mills, the school launched its A Million for McCombs matching campaign. The result: a campaign that exceeded its goal and became an award-winning example to other universities.

A centerpiece of the school’s 40 Hours for the Forty Acres bi-annual online fundraising campaign, A Million for McCombs helped spur philanthropy for its annual fund giving push.

As part of the campaign, the Development and External Relations (DER) department began working on how to incentivize donors during a sagging year. Inspired by Dean Mills’ famous Longhorn  “Bevo” sketch, which usually accompanies her signature, the team landed on developing a lapel pin bearing its likeness.

“The entire team worked diligently on how we could best produce, market, and mail this piece so it would be a value-add to our process,” said Monique Mehta, Director of Development Communications and Strategy. “Plus, it’s just a really fun item.”

The Longhorn sketch special-edition pin was rolled out as a promotion for anyone giving $25 or more during the University’s annual 40 for Forty giving day campaign. In the end, the A Million for McCombs raised $1.1 Million, a success that needed to be shared.

The DER team included the campaign in its submissions to the annual Council for Advancement in Support of Education (CASE) awards. The awards are open to universities internationally, and its awards are recognized globally. Teams from 583 institutions in nearly 22 countries entered awards, submitting 4,021 entries in 96 categories across all disciplines.

McCombs received the Silver Circle of Excellence Award in Fundraising: Targeted Campaigns and Appeals.

In reviewing the submission, the judges remarked, “The innovative approach combining a giving day with a match challenge captivated the judges, resulting in a remarkably strong performance. The synergy created by this unique combination showcased a deep understanding of donor psychology and motivation. By leveraging the power of urgency and amplifying donor contributions, the campaign achieved outstanding results.”

Contributors on the initiative included Sara Jebaily; Catherine Covington; Colin Haymes; and Miranda Bradley.

“We are very proud of this department and everyone’s contributions to this campaign,” Wendy Anderson, Chief Development Officer, said. “The real reward is working as a team to accomplish great things for our students, faculty, and programs. This award is just a bonus. I also love that we emobodied the school spirit and personality of our dean to inspire alumni to give back to a place they love.”

The next 40 Hours for the Forty Acres giving campaign will take place April 3-4, 2024. To learn more, contact the Joon Lee at joon.lee@mccombs.utexas.edu. To learn more about the CASE awards, visit https://www.case.org/.

Subiendo: The Academy for Rising Leaders Inspires Generations of Achievers

As the McCombs School of Business works toward fulfilling the University’s strategic pillars of people, place, and pursuits, one program on campus is helping fulfill the latter, Subiendo: The Academy for Rising Leaders. Subiendo in Spanish means “going up,” and the program has been providing upwardly mobile opportunities for underserved high school students since 2010.

“We are providing high school students the chance to experience life as a Longhorn,” said Leticia Acosta, Subiendo Academy Director. “Subiendo allows them the opportunity to work on projects so they can flex their leadership muscles.”

Also known as The Leadership Academy, Subiendo has welcomed more than 700 rising high school seniors into the program since its inception. Participants remain on campus, living in a dorm for the duration of the academy, where they learn networking skills, develop mentor relationships with business leaders, and benefit from communications workshops.

Three young students smile at camera.

Subiendo prepares high school seniors for leadership.

“Thanks to this program, we’ve seen an increase in underserved students applying to McCombs and the University of Texas in general,” said Leticia. “The business school can sometimes feel out of reach for these students, and we want them to experience what is possible.”

Subiendo encourages first-generation and adversity challenged students to apply to the academy. 97% of all participants have gone on to pursue a college degree. Supported by individual and corporate donations, Subiendo wouldn’t be possible without outside resources, according to Leticia.

“Supporters of Subiendo are invited to engage with the program, get to see the impact their giving has on a group of students, to see what happens in that transformation, where they are part of a bigger global footprint,” she said. “Seeing that play out in real time is really cool.”

Founding donor Kenny Jastrow (BBA Finance ’69), former chairman and CEO of Temple-Inland Inc., can attest to that fact. Since the beginning, he has watched the program impact thousands of students and seen the full-circle effect of leadership in action.

Older man talks with students.

Subiendo founding donor Kenny Jastrow is a firm believer in the program’s benefits.

“Once you graduate from the program, we keep up with you. Subiendo students often return to mentor others later in their career,” he said. “It is an outstanding program, providing training to the future leaders of Texas and our nation.”

Kenny and wife, Susie, have seen students grow from uncertain newbies to group motivators in just a few days of participation at Subiendo.

“The program is intended to motivate and inspire students to go onto a future life as a leader,” Kenny said. “We are very proud to be sponsorship friends of one of the greatest programs at UT. It’s been unbelievable.”

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