Stanford GSB Gets $100M to Alleviate Poverty

Stanfords Graduate School of Business has received a $100 million gift, one of the largest in its history, from a well-heeled MBA alumnus for research into the elimination of poverty in the developing world through new entrepreneurial ventures.

The money from Dorothy and Robert King, along with an additional $50 million in matching funds, will fund the new Stanford Institute for Innovation in Developing Economies. If matched, it will exceed Nike founder Phil Knights 2006 gift to help build Stanfords new business school campus. Robert King received his MBA at Stanford in 1960. He is the founder and former president of R. Eliot King & Associates, an investment management company based in Menlo Park, Calif.

The new institute will conduct research, educate Stanford students and entrepreneurs in developing economies, and support new ventures and existing enterprises. Entrepreneurship, innovation, and improved management are powerful ways to help alleviate poverty, said Stanford University President John L. Hennessy in a press release. With tremendous foresight and compassion, the Kings have made a seminal gift that leverages Stanfords knowledge, resources, and human capital to make a real difference in the world for many years to come.

For more than four decades, the Kings have offered their home to international students at Stanford. One such stay resulted in Robert King providing seed funding for a Chinese-language search engine, which went public as Baidu in 2005 and now employs more than 10,000 people in China.

We believe that innovation and entrepreneurship are the engines of growth to lift people out of poverty, said King in a statement released by Stanford. And we believe Stanfords tradition of innovation, coupled with a forward-thinking global bias as well as its multidisciplinary resources, will make a real impact.

For more on the new institute, check out the Stanford web site.

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Christmas tree fundraiser in swing for SCHS baseball

The 2012 CIF baseball season is four months away, but San Clemente High School ballplayers are already busy preparing by … selling Christmas trees?

OK, they’re also playing fall ball. But for the past 15 years, players at the school have been helping to fund the baseball program by inviting area residents to order a Christmas tree from them.

A San Clemente High School baseball player delivers a donated Christmas tree at Camp Pendleton last December as part of the baseball program’s annual holiday fundraiser.COURTESY OF LINDA HOWARD TULLYMORE PHOTOS »

And for the past few years, they’ve expanded the fundraiser by inviting people to order a tree for a military family at Camp Pendleton. You can make a donation for a military tree in addition to buying your own tree, or do it even if you don’t buy a tree for yourself.

Last year, the teens delivered 90 trees to families at Camp Pendleton, using a delivery truck donated for a day by San Clemente’s U-Haul center.

“This was such a touching time for not only the Marine families but for the San Clemente High School boys and their parents who went down to deliver the trees,” said Jodi Atkinson, who is in charge of this year’s tree fundraiser.

She said the tree sales are a hit for the baseball program.

“This is a big deal. We usually raise between $10,000 and $11,000, which really helps in this day and age,” she said. “The school district doesn’t have any money. This pays for everything from baseballs to field improvements.”

The players actively participate. “They go around to friends and family and parents’ colleagues,” Atkinson said. “They sell trees, wreaths and garlands.”

 

HOW IT WORKS

 

You need to order a tree no later than Nov. 4. Call 949-291-4416 for an order form. You can select a noble fir or a Douglas fir. Fresh-cut trees from Oregon range from $44 to $154, depending on type and size. Wreaths and garlands are $25 to $30.

A separate line on the form is for making a donation for a tree for a military family. The amount is up to you.

On Dec. 3, buyers will visit SCHS to pick up their trees. “The boys help them put the trees on their car if they’d like help,” Atkinson said.

That day the boys also will set aside trees to take to Camp Pendleton, where the players will get another workout carrying the trees to the recipients.

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Faculty poll shows opposition to USF Poly split

TAMPA Most USF Polytechnic faculty members responding to a recent survey say they don’t want their college separated from the University of South Florida system.

“I have been a strong supporter of USF, but not a supporter of a no-name non-accredited college,” said one respondent, who participated in the United Faculty of Florida’s anonymous survey.

The union mailed the surveys in early October to 61 employees covered by the university’s collective bargaining agreement, asking four questions to gauge support for a plan to create a stand-alone university in Polk County.

Of the 35 who replied, 27 said they were against it.

USF Polytechnic officials have proposed a Lakeland campus that in 15 years would have 16,000 students in dozens of applied science programs on a campus with NCAA sports teams and dorms for 1,300.

It wouldn’t cost the state any extra money at first, they said.

But after a second phase of growth starts in 2017, the plan, detailed in a 57-page report released this week, shows costs jumping from about $33 million a year to $223 million.

Critics, including Florida universities’ Board of Governors member John Temple of Boca Raton, have called the quest for independence “out of control.”

As the state struggles with the poor economy, such a plan is “a funding/financial threat to our existing SUS system,” he said recently.

The 17-member board is set to vote on the stand-alone university Nov. 9-10.

Meanwhile, some of the people who would be most affected by the move say they haven’t even been consulted and that most of what they know about the plan comes from the newspapers.

“As a faculty member who was supposed to help shape the future of this university, I have had no real input in anything of consequence,” said one respondent.

Wrote another: “I have seen the morale of this place plummet as faculty (and students) feel as if their voice does not matter.

“I have heard faculty say that they are back on the job market. I’m thinking of doing the same.”

Others talked of “a craziness and an atmosphere of distrust” at the school.

“This has changed from being a wonderful place to work to being a sad and dysfunctional campus,” the respondent said.

United Faculty of Florida President-Elect Paul Terry shared the survey findings in a press release Thursday along with his own statement.

“The survey results speak for themselves,” he said. “…it appears that a good number of … faculty and professional employees no longer has confidence in the USF Polytechnic administration to act in their best interest regarding their professional future and careers.”

Terry also added that it was “of great concern” that many faculty members and other professionals affiliated with USF Polytechnic had not been approached for input.

Employees not represented by the union – about 12 administrators, Terry said – were not surveyed.

He has asked USF President Judy Genshaft to share the survey findings with the Board of Governors.

Here are the four questions and the responses:

  • Do you support the current initiative to remove USF Polytechnic from the USF System to become the 12th independent university? 27 said no, three said yes, three were neutral and two said they were undecided.
  • Do you support USF System in-unit employees (those covered under the collective bargaining agreement) having an option to transfer to another USF System Campus? 32 said yes, one said no and two said it depended on whether the employee had been tenured by the USF System.
  • As an in-unit employee, would you take advantage of an option to transfer to another USF System campus? 16 said yes, five said no, four said they were neutral and 10 said they were undecided.
  • As a USF Polytechnic in-unit employee, have you been consulted or solicited by the USF Polytechnic administration regarding your professional opinion relative to USF Polytechnic becoming the 12th independent university? 33 said no and two said yes.

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KeiVarae Russell gets U.S. Army All-American Bowl jersey

Mariner running back KeiVarae Russell was selected to play in this year’s U.S. Army All-American Bowl and was presented with his jersey Thursday. He is pictured with U.S. Army Captain David Proctor in this photo.

Here is the press release:

(Wharton, NJ) October 27, 2011 – KeiVarae Russell of Mariner High School, Everett, WA, has been selected to play in the 2012 U.S. Army All-American Bowl, joining an elite group of All-Americans. Those selected will play in the game on Saturday, January 7, 2012, at the Alamodome in San Antonio, Texas. The annual East vs. West match-up will be televised live on NBC at 1:00 p.m. EST and will be presented by American Family Insurance. The game will feature the nation’s top 90 high school football players.

“Kei’Varae is a talented athlete whose leadership and teamwork qualities have made him a standout at Mariner High School,” said John Myers, Director of Strategic Communications, Marketing and Outreach, U.S. Army Accessions Command. “Only the strongest wear the Army colors, and Kei’Varae possesses similar mental, emotional and physical strengths to Army Strong Soldiers. We are proud to honor all of the U.S. Army All-American Bowl players and congratulate each of them on their selection.”

Russell was selected by the U.S. Army All-American Bowl Selection Committee, which consists of All American Games’ network of regional directors and Rivals.com. U.S. Army All-Americans are eligible for the U.S. Army Player of the Year Award, the Anthony Muñoz Lineman of the Year Award, the American Family Insurance Defensive Player of the Year Award, the Pete Dawkins Game MVP Award, and the Felix “Doc” Blanchard and Glenn Davis Awards.

As a result of Rusell being selected to the U.S. Army All-American Bowl, his head coach John Ondriezek is invited to travel to San Antonio and attend the U.S. Army Coaches Academy, an elite three-day learning experience featuring NFL and NCAA coaches, as well as participate in game-week activities.

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