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2014 INVESTORS REPORT THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF BUSINESS

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The George Washington University School of Business is committed to advancing and expanding the scope of business knowledge for the good of individuals, society and the world.

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Page 1: Investor's Report, 2014 George Washington University School of Business

2014 INVESTORS REPORTTHE GEORGE WASHINGTON UNIVERSITYSCHOOL OF BUSINESS

Page 2: Investor's Report, 2014 George Washington University School of Business

2 GWSB 2014 INVESTORS REPORT

TABLE OF CONTENTS

Dan MichaelisEditor

Mary A. DempseyCopy Editor

Abby GreenawaltJulie Ann WoodfordPhotographers

Lloyd Greenberg Design, LLCDesign

The GWSB Investors Report is published annually by the George Washington University School of Business

Comments and letters are welcomed.Please direct all correspondence to:The George Washington University School of Business2201 G Street NW452 Duques HallWashington, DC 20052or: [email protected]

Please send change of address notices to:Alumni Records2033 K Street NWSuite 310Washington, DC 20052

Steven KnappPresident

Linda A. LivingstoneDean

OFFICE OF DEVELOPMENT & ALUMNI RELATIONS

Elizabeth H. MitchellAssistant Vice President

Mamie Jackson WilliamsExecutive Director of Development

Leah M. KuppersmithDirector of Alumni Relations

Nancy Noad FrazierDirector of Development and Board Relations

Eric GutierrezAssistant Director of Alumni Relations

Miranda GendelAssistant Director of Donor Relations

Amanda Chin YeeExecutive Assistant

Morounmubo SaniAdministrative Assistant

Page 3: Investor's Report, 2014 George Washington University School of Business

1GWSB 2014 INVESTORS REPORT

Message from the Dean

The George Washington University School of Business at a Glance

Career Services Report

Office of Development and Alumni Relations Report

Honor Roll of Donors

Donor Societies

Alumni Giving

Endowed Funds

Center for Real Estate & Urban Analysis

Board of Advisors

2

4

6

20

41

56

56

64

70

72

THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF BUSINESS

2014 INVESTORS REPORT

Page 4: Investor's Report, 2014 George Washington University School of Business

2 GWSB 2014 INVESTORS REPORT

A MESSAGE FROM THE DEAN

Page 5: Investor's Report, 2014 George Washington University School of Business

3GWSB 2014 INVESTORS REPORT

Onward and Upward

THE GEORGE WASHINGTON UNIVERSITY SCHOOL OF BUSINESS is committed to advancing and

expanding the scope of business knowledge for the good of individuals, society and the

world. I believe that we are fulfilling that commitment, as measured by our dedicated

faculty’s outstanding instructional and groundbreaking research efforts, our student body’s

love of learning and thirst for knowledge, and our alumni’s remarkable achievements in

virtually every field of endeavor.

So much of what we do together at GWSB, and so much of what we have accomplished,

is directly attributable to the continued strong support of the School’s generous donors,

including faculty, staff, students and their families, corporations and organizations and,

most of all, alumni. Your contributions are the lifeblood of GWSB.

Your support allows GWSB to both maintain and enhance its standing as “a different

kind of business school”—one that leverages its unique Washington, D.C., location at the

crossroads of business and public policy, with an emphasis on ethics and sustainability that

informs our curriculum and the research conducted by GWSB faculty. GWSB is dedicated

to educating future generations of business leaders to do well and do good. In short, we’re

committed to the idea of better business for a better world.

Delivering on that promise requires the necessary resources to recruit and retain

accomplished, visionary educators and researchers from around the world. And we need

your support to attract and enroll the very special type of student who is prepared to

enthusiastically accept the rigorous challenges of a GW business education.

We also need your continued support to create forward-looking academic programs,

many of them developed in cooperation with the other schools of the George Washington

University—a multidisciplinary approach to business education that is rarely seen at other

institutions. Your generous support allows GWSB to maintain state-of-the-art facilities such

as our Capital Markets Room and focus group lab. Your contributions enable GWSB’s F.

David Fowler Career Center to build on its unequaled record of success (see pages 6-19).

You will notice that this publication is titled The George Washington University School of

Business Investors Report, not “annual report” or “donor report.” It’s an important distinction,

because your contributions to GWSB, indeed, constitute an investment—an investment

in our unique institution, an investment in business education and an investment in the

future. I promise that you will continue to see a strong return on that investment.

Onward and Upward,

Linda A. Livingstone, PhD

Dean

Professor of Management

Page 6: Investor's Report, 2014 George Washington University School of Business

4 GWSB 2014 INVESTORS REPORT

PART-TIME FACULTY 109PART-TIME, NON-TENURED TRACK 28

Student Enrollment

GWSB AT A GLANCE

UNDERGRADUATEFALL SEMESTER 2014 2013 2012 2011 2010

Total Enrolled 1593 1590 1564 1549 1540Entering Class 393 405 326 315 348Average SAT 1270 1260 1270 1274 1258Percent Female 48 44 37 44 44

FULL-TIME MBAFALL SEMESTER 2014 2013 2012 2011 2010

Total Enrolled 187 200 233 246 237Average GMAT 647 644 615 631 635Average Age 28 28 27 28 27Years of Work Experience 5 4.5 3.8 4.3 4.2Percent Female 40 37 35 37 43Percent International 47 45 34 29 29

GRADUATE PROGRAMSFALL SEMESTER 2014 2013 2012 2011 2010

MBA Total Enrolled 873 959 1033 1008 951(Full-Time, Professional, Accelerated, Executive, Healthcare, Online)

Specialized Master’s ProgramsAccountancy 214 244 192 150 169Business Analytics* 40 20 -- -- --Finance 203 218 203 150 113Government Contracts* 54 29 -- -- --Information Systems 206 220 249 252 235Project Management 196 216 214 221 233Tourism Administration 118 158 164 172 191

Total Specialized Master’s Enrollment 1031 1105 1352 1230 1136

DOCTORAL PROGRAMSFALL SEMESTER 2014 2013 2012 2011 2010

Total Enrolled 34 70 37 48 62

TOTAL GRADUATE ENROLLMENT 1938 2101 2433 2300 2155

*New program

Faculty ProfileFULL-TIME FACULTY 132FULL-TIME, TENURED TRACK 104

Page 7: Investor's Report, 2014 George Washington University School of Business

5GWSB 2014 INVESTORS REPORT

RESEARCH CENTERS AND INSTITUTESCenter for the Connected Consumer (CCC)

Center for Entrepreneurial Excellence (CFEE)

Center for Latin American Issues (CLAI)

Center for Real Estate and Urban Analysis (CREUA)

European Union Research Center

Global Financial Literacy Excellence Center (GFLEC)

The Growth Dialogue

GW Center for International Business Education & Research (GW-CIBER)

The Institute of Brazilian Issues (IBI)

Institute for Corporate Responsibility (ICR)

Institute for Integrating Statistics in Decision Sciences (I2SDS)

International Institute of Tourism Studies (IITS)

GWSB RANKINGS

In its July 2013 “World’s Best Business Schools” listing, Business Insider ranked the GWSB MBA program No. 22.

Businessweek ranked the GWSB MBA program 54th and undergraduate program 59th. It also ranked GWSB in the Top 25 in the areas of ethics, sustainability, corporate strategy and international business.

In 2014, Modern Healthcare Magazine ranked the GWSB healthcare MBA 2nd.

GWSB was listed 45th in the U.S. News & World Report ranking of online healthcare MBAs.

GWSB was 38th in The Economist’s 2013 evaluation of full-time MBA programs.

U.S. News & World Report ranked GWSB 65th for full-time MBA programs in its 2014 rankings, with the international business program ranked 19th and part-time MBA program ranked 61st. The magazine ranked the GWSB undergraduate program 38th and its undergraduate international business program 11th in the U.S.

The 2014 ranking by the Princeton Review ranked GWSB among the Top 5 for “greatest opportunity for women,” 8th for “Best Green MBA,” and as one of the Top 25 graduate schools in entrepreneurship.

The Financials Times’ 2013 rankings put GWSB 41st among U.S. business schools, 7th for corporate social responsibility/ethics and 84th worldwide.

ADMINISTRATIONLinda A. Livingstone Dean

Jennifer Spencer Vice Dean for Faculty and Research

Vanessa Perry Associate Dean for Graduate Programs

Isabelle Bajeux-Besnainou Associate Dean for Undergraduate Programs

ACADEMIC DEPARTMENTSDepartment of Accountancy

Department of Decision Sciences

Department of Finance

Department of Information Systems & Technology Management

Department of International Business

Department of Management

Department of Marketing

Department of Strategic Management & Public Policy

ENDOWED PROFESSORSHIPSHossein Askari Aryamehr Professor

Annamaria Lusardi Denit Trust Professor

Robert Van Order Oliver T. Carr Professor

PROFESSORIAL FELLOWSJames Bailey Jonathan Hochberg Professorial Fellow of Leadership Development

Joel Cook Howard Rubin Professorial Fellow of Teaching Excellence

Annamaria Lusardi Denit Trust Chair of Economics and Accountancy

Thomas Novak Denit Trust Distinguished Scholar

Anupama Phene Phillip Grub Distinguished Scholar

Scheherazade Rehman Dean’s Professorial Fellow of International Finance/Business and Stakeholder Engagement

Jennifer Spencer Coelho Distinguished Scholar in International Business

Refik Soyer Mitch Blaser Distinguished Fellow

GWSB DEPARTMENTS AND STAFF

Page 8: Investor's Report, 2014 George Washington University School of Business

6 GWSB 2014 INVESTORS REPORT

CAREER SERVICES REPORT

Page 9: Investor's Report, 2014 George Washington University School of Business

7GWSB 2014 INVESTORS REPORT

The F. David Fowler Career Center experienced another year of continued success, assisting more students than

ever before through its customized programming and partnerships with the business community.

The Fowler Career Center started the year off with a bang, as GWSB jumped 12 places to 59th (out of 132 ranked schools) in the Bloomberg Businessweek “Best Undergraduate Business Schools” ranking. The improvement was partially due to the impressive performance of GWSB students in the employment market, with nearly 90 percent receiving relevant internships, and graduating seniors earning a median salary of $55,000 (21st among ranked schools).

The success continued with the second annual Career Week, a series of events designed to accelerate students’ job-market readiness while engaging faculty, staff, alumni and employers to help position them to compete successfully for employment opportunities. This year Career Week received a title sponsor and was renamed “Career Week presented by the Shenkman Career Services Fund,” as its many events were made possible, in part, by the generous gift donated by GW Board of Trustees member Mark R. Shenkman, MBA ’67, and his wife Rosalind. This gift will help the Fowler Career Center enhance existing programming, while preparing GWSB students to manage their careers for many years to come. Career Week also featured an enhanced level of alumni

participation. Alumni-employers visited campus to share with students their industry-specific knowledge through panel presentations and one-on-one interviews.

Our career courses for undergraduates and graduate students were expanded this year to include more industry-specific sections for undergraduate students and an online career course developed for the Online MBA and Global MBA programs. The online career course provides those who are not able to visit our office the opportunity to start their career planning, while those on campus receive a powerful resource of fundamentals before meeting with our career coaches. The ability to access the course and its supplementary materials 24/7 from anywhere in the world gives GWSB students the ability to efficiently manage their careers. The online course takes students through all of the phases of the career-management cycle, from self-assessment to accepting a job and transitioning to the workplace, and provides them the tools and training for successful, lifelong career management.

The Real Estate Finance Alliance (REFA) Mentoring Program grew in size and continued its record of employment success while building a community of students, alumni and employers devoted to the career success of students with a passion for the real estate and finance industries. Leveraging the success of the REFA Mentoring Program, we are adding new mentoring initiatives in the coming year, starting with the consulting career track. Our aim is to slowly expand these types of programs to broaden the positive experience for students pursuing a variety of career interests.

The F. David Fowler Career Center launched the second year of the Fowler Student Coordinator Program, which is designed to broaden

Message from the Executive Director

Page 10: Investor's Report, 2014 George Washington University School of Business

8 GWSB 2014 INVESTORS REPORT

outreach to undergraduate students and provide greater opportunities for student engagement with the Career Center. This past year, 18 Fowler coordinators, led by a team of undergraduate career coaches, conducted a targeted outreach to over 350 freshmen and transfer students. Through a partnership with the Undergraduate Programs office, Fowler coordinators visited 20 sections of the First-Year Development Program (FYDP) and Transfer Student Development Course (TSDC) to deliver presentations on creating a business resume, writing a cover letter and developing networking skills. By conducting follow-up

peer-review sessions and providing customized feedback, the Fowler coordinators ensured that freshmen and transfer students built a strong foundation in job-search skills. Additionally, in the spring 2015 semester, Fowler coordinators led D.C. career treks, visiting finance, marketing and consulting firms to enhance student knowledge and career decision making. As we look back on 2014, we realize that many of our accomplishments were due in large part to a productive collaboration among students, faculty, alumni, employers, FDFCC staff and the GWSB administration. Our plans for 2015 include

continuing to draw upon the innovative ideas, wisdom and work of all GWSB stakeholders to build a community of support that will facilitate successful careers for both our students and alumni. If you are interested in assisting GWSB students with their careers by volunteering your time and talents, please contact our office at [email protected]. If you would like to make yourself available to current students via LinkedIn, please add #GWSBproud to your profile.

Gil A. YanceyExecutive Director

F. David Fowler Career Center

Page 11: Investor's Report, 2014 George Washington University School of Business

9GWSB 2014 INVESTORS REPORT

GWSB CLASS OF 2014UNDERGRADUATE EMPLOYMENT PROFILE

70%

* Within 90 days of graduation** Self-employed, sponsored by company, continuing education and other reasons given by students

{82% ACCEPTED OFFERS OF THOSE SEEKING EMPLOYMENT*

81%

11%

8%

SEEKING EMPLOYMENT**

APPLYING TO GRADUATE SCHOOL

OTHER ACTIVITY**

POST GRADUATION PLANS

SIGNING BONUS(TOTAL GRADUATES)

LOW $1,000

MEAN $6,066

MEDIAN $5,000

HIGH $20,000

BASE SALARY FOR ACCEPTED POSITIONS

LOW $25,000

MEAN $54,456

MEDIAN $55,000

HIGH $120,0005446A 26A

GWSB UNDERGRADSBY THE NUMBERS

Place jump in BloombergBusinessweekUndergrad rankings

GW students appliedto compete in Battle of the Beltway

Employers engaged on campus in fall semester of 2014

JOBS POSTEDON GWORKSB

Landed jobs within 90 days of graduation +11% PURSUED ADVANCED DEGREES

Unique employers posted jobs in GWorkSB

GWSB students studied abroad

GWSB teams placed 2nd & 3rd out of all area schools!

Get Relevant Internships Median Salary

STUDENT ORGS HOSTED OVER 35 CAREER & EDUCATIONAL PROGRAMS

12

60

239

5,457

82%

2,320

146

89.7% $55K

UP TO #59

15

GWSB CLASS OF 2014UNDERGRADUATE EMPLOYMENT PROFILE

70% 82%*

PERCENTAGE OF ACCEPTED OFFERS OF THOSE SEEKING EMPLOYMENT**

POST- GRADUATION

PLANS

81%

11%

8%

SEEKING EMPLOYMENT**

APPLYING TO GRADUATE SCHOOL

OTHER ACTIVITY

BASE SALARY FOR ACCEPTED POSITIONS

REPORTED BY

54%

MEAN

HIGH

LOW

MEDIAN

$54,456

$55,000

$25,000

$120,000

SIGNING BONUS

RECEIVED BY

26%

MEAN

HIGH

LOW

MEDIAN

$6,066

$5,000

$1,000

$20,000

ACCEPTANCES BY REGION

43%MID-ATLANTIC

3%WEST

$56,8752%*

MIDWEST

3%SOUTH

$45,000

41%NORTHEAST

8%INTERNATIONAL $47,714

FUNCTION % Accepting Mean

Finance/Accounting 36% $57,837

Marketing/Sales 23% $52,633

Consulting 21% $62,025

Other** 6% $39,200

General Management 6% $47,667

Human Resources 2% N/A

Information Technology 2% N/A

Logistics/Transportation 2% N/A

Operations/Logistics 2% N/A21+36+6+2+2+2+23+2+6+M4+5+22+9+25+3+1+2+2+2+6+2+5+12+M

ACCEPTANCES BY FUNCTION

ACCEPTANCES BY INDUSTRY

$53,295

$57,337

* Within 90 days of graduation** Self-employed, sponsored by company, continuing education and other reasons given by students

* NOTE: No salary data available for the Midwest region because fewer than three data points were collected.

** NOTE: Other includes: Education, Sports/Leisure, Aerospace, Defense, and Legal.** N/A: Fewer than three data points

INDUSTRY % Accepting Mean

Financial Services 25% $60,074

Consulting Services 22% $60,619

Other** 12% $44,667

Consumer Products 9% $55,556

Real Estate/Construction 6% $52,786

Advertising/Public Relations 5% N/A

Technology 5% $60,250

Accounting 4% $57,200

Government 3% $48,044

Manufacturing 2% N/A

Media/Entertainment 2% N/A

Non-Profit 2% N/A

Sports/Leisure 2% N/A

Hospitality 1% N/A

RECEIVED BY

26%5446A 26A

GWSB UNDERGRADSBY THE NUMBERS

Place jump in BloombergBusinessweekUndergrad rankings

GW students appliedto compete in Battle of the Beltway

Employers engaged on campus in fall semester of 2014

JOBS POSTEDON GWORKSB

Landed jobs within 90 days of graduation +11% PURSUED ADVANCED DEGREES

Unique employers posted jobs in GWorkSB

GWSB students studied abroad

GWSB teams placed 2nd & 3rd out of all area schools!

Get Relevant Internships Median Salary

STUDENT ORGS HOSTED OVER 35 CAREER & EDUCATIONAL PROGRAMS

12

60

239

5,457

82%

2,320

146

89.7% $55K

UP TO #59

15

GWSB CLASS OF 2014UNDERGRADUATE EMPLOYMENT PROFILE

70% 82%*

PERCENTAGE OF ACCEPTED OFFERS OF THOSE SEEKING EMPLOYMENT**

POST- GRADUATION

PLANS

81%

11%

8%

SEEKING EMPLOYMENT**

APPLYING TO GRADUATE SCHOOL

OTHER ACTIVITY

BASE SALARY FOR ACCEPTED POSITIONS

REPORTED BY

54%

MEAN

HIGH

LOW

MEDIAN

$54,456

$55,000

$25,000

$120,000

SIGNING BONUS

RECEIVED BY

26%

MEAN

HIGH

LOW

MEDIAN

$6,066

$5,000

$1,000

$20,000

ACCEPTANCES BY REGION

43%MID-ATLANTIC

3%WEST

$56,8752%*

MIDWEST

3%SOUTH

$45,000

41%NORTHEAST

8%INTERNATIONAL $47,714

FUNCTION % Accepting Mean

Finance/Accounting 36% $57,837

Marketing/Sales 23% $52,633

Consulting 21% $62,025

Other** 6% $39,200

General Management 6% $47,667

Human Resources 2% N/A

Information Technology 2% N/A

Logistics/Transportation 2% N/A

Operations/Logistics 2% N/A21+36+6+2+2+2+23+2+6+M4+5+22+9+25+3+1+2+2+2+6+2+5+12+M

ACCEPTANCES BY FUNCTION

ACCEPTANCES BY INDUSTRY

$53,295

$57,337

* Within 90 days of graduation** Self-employed, sponsored by company, continuing education and other reasons given by students

* NOTE: No salary data available for the Midwest region because fewer than three data points were collected.

** NOTE: Other includes: Education, Sports/Leisure, Aerospace, Defense, and Legal.** N/A: Fewer than three data points

INDUSTRY % Accepting Mean

Financial Services 25% $60,074

Consulting Services 22% $60,619

Other** 12% $44,667

Consumer Products 9% $55,556

Real Estate/Construction 6% $52,786

Advertising/Public Relations 5% N/A

Technology 5% $60,250

Accounting 4% $57,200

Government 3% $48,044

Manufacturing 2% N/A

Media/Entertainment 2% N/A

Non-Profit 2% N/A

Sports/Leisure 2% N/A

Hospitality 1% N/A

REPORTED BY

54%

Page 12: Investor's Report, 2014 George Washington University School of Business

10 GWSB 2014 INVESTORS REPORT

Industry % Accepting Mean Median High Low

Financial Services 25% $60,074 $65,000 $120,000 $36,000

Consulting Services 22% $60,619 $64,500 $72,000 $35,000

Other 12% $44,667 $45,000 $58,000 $30,000

Consumer Products 9% $55,556 $50,000 $96,000 $45,000

Real Estate/Construction 6% $52,786 $53,500 $65,000 $35,000

Advertising/Public Relations 5% N/A N/A N/A N/A

Technology 5% $60,250 $58,000 $85,000 $40,000

Accounting 4% $57,200 $57,000 $62,000 $53,000

Government 3% $48,044 $42,631 $64,500 $37,000

Manufacturing 2% N/A N/A N/A N/A

Media/Entertainment 2% N/A N/A N/A N/A

Non-Profit 2% N/A N/A N/A N/A

Sports/Leisure 2% N/A N/A N/A N/A

Hospitality 1% N/A N/A N/A N/A

Function % Accepting Mean Median High Low

Finance/Accounting 36% $57,837 $57,000 $120,000 $30,000

Marketing/Sales 23% $52,633 $50,000 $96,000 $25,000

Consulting 21% $62,025 $64,750 $72,000 $45,000

General Management 6% $47,667 $46,500 $58,000 $40,000

Other 6% $39,200 $40,000 $46,000 $30,000

Information Technology 2% N/A N/A N/A N/A

Human Resource 2% N/A N/A N/A N/A

Logistics/Transportation 2% N/A N/A N/A N/A

Operations/Logistics 2% N/A N/A N/A N/A

ACCEPTANCES BY FUNCTION

ACCEPTANCES BY INDUSTRY

N/A Fewer than three data points

80% accepted offers in Finance/Accounting, Marketing/Sales, and Consulting roles

47% accepted offers in Financial or Consulting Services industries

Page 13: Investor's Report, 2014 George Washington University School of Business

11GWSB 2014 INVESTORS REPORT

COMPENSATION FOR ACCEPTED POSITIONS*

NORTHEAST {MEAN $57,337

MEDIAN $60,000

HIGH $120,000

LOW $25,000

MEAN $53,295

MEDIAN $53,500

HIGH $70,000

LOW $35,000

MID-ATLANTIC {

MEAN $56,875

MEDIAN $54,500

HIGH $70,000

LOW $35,000

WEST {INTERNATIONAL

MEAN $47,714

MEDIAN $38,000

HIGH $96,000

LOW $30,000{

43%MID-ATLANTIC

3%WEST

$56,875

2%*MIDWEST

3%*SOUTH

41%NORTHEAST

8%INTERNATIONAL $47,714

$53,295

$57,337

* NOTE: No salary data available for the Midwest and South regions because fewer than three data points were collected.

GWSB CLASS OF 2014 ACCEPTANCES BY REGION

Page 14: Investor's Report, 2014 George Washington University School of Business

12 GWSB 2014 INVESTORS REPORT

Accenture

Accenture Federal Services

The Advisory Board Company

AllianceBernstein

Aon

Atlantic Media

Avanade, Inc.

AXA Advisors

AXA Equitable

Azure Power*

Bank Credit

Analyst Research*

Bank of America

Bank Street Group LLC

Barclays

Barton Associates

Bloomingdale’s

Boeing

Booz Allen Hamilton

Boston Scientific

The Bozutto Group*

Brailsford & Dunlavey

Brean Capital

Business Bridge

Campus Outreach

Capital One

Capstone Partners

Cassidy Turley*

Catalina Marketing

Century 21

Department Stores

Citi Private Bank

Citigroup

Cogent Communications

Coldwell Banker

Commercial Alliance

Corporate Executive Board

CresaPartners*

Cvent

Deloitte

Deutsche Bank

District Home Magazine

Edelman

Emirates Competitive Council

English Lacrosse Association

Ermenegildo Zegna

EY*

Fairchild Fashion Media

Fannie Mae

Federal Reserve

Federal Reserve Bank

of New York

Fidelity Investments

Ford Motor Company

Forex Capital Markets

Freddie Mac

GEICO

U.S. General Services

Administration

Get Smart Mentoring

GFI Capital Resources

Goldman Sachs

Google

Hanjin*

Havas Worldwide

Hewlett Packard

HSBC

IBM

ICAP

ICR

IKEA Distribution Services

North America

Inspirato

Intercom Consulting &

Federal Systems

inVNT

iStrategyLabs

The JBG Companies

J.P. Morgan

Kenrich Group LLC

Kloud 7

KPMG

Kroll

Latham & Watkins

Lela Rose

Liang Mi*

Lockwood Group

L’Oreal

Lumi Juice

Macy’s

Macy’s Merchandising Group

Maletzky Media

Marcus & Millichap

Marriott

Matchbox Food Group

McBee Strategic

Mercer

Merrill Lynch*

MetLife

The Metropolitan

Museum of Art

MFS

Michael Page

Modus Hotels

Moelis & Company

Momentum Worldwide

Morgan Stanley Wealth

Management

New England Patriots

New Jersey Devils

New York Life

Octagon

Office of the Comptroller

of the Currency

Outsell, Inc.

Ozlem Aygun*

PayPal*

Perficient

Physician Assistant

Education Association

Pradeep Tewani*

The Principal Financial Group

PwC*

RBC Capital Markets*

RRG

RFR

Rhythm Superfoods LLC

Right Networks

Ripco Real Estate

The Ritz-Carlton,

Washington, D.C.

Saks Fifth Avenue

Shinhan Bank America*

SL Green Realty Corp.

SmartLink, LLC

Smith Bucklin

State Street Corporation

Sterling & Burke Ltd.

Streetsmart International

Team Epic

Text100

Tishman Speyer

Townhouse Partners LP

UBS

United Legwear

U.S. Department of the

Interior

Universal McCann

The Vanguard Group

Wayfair

Wells Fargo

Wendy Davis

WeWork

Wieden+Kennedy

The William James

Foundation

Work Angel Technology*

World Wildlife Fund

UNDERGRADUATE CLASS OF 2014 FULL-TIME HIRING ORGANIZATIONS

*Hired a graduate not holding permanent U.S. work authorization

Page 15: Investor's Report, 2014 George Washington University School of Business

13GWSB 2014 INVESTORS REPORT

GWSB CLASS OF 2014 GLOBAL MBA EMPLOYMENT PROFILE

* Within 90 days of graduation** Self-employed, sponsored by company, continuing education and other reasons given by students

RECEIVED BY

25%

77%

15%

8%

SEEKING EMPLOYMENT

NO INFORMATION PROVIDED

NOT SEEKING EMPLOYMENT**

POST GRADUATION PLANS

{85% ACCEPTED OFFERS OF THOSE SEEKING EMPLOYMENT*

SIGNING BONUS(TOTAL GRADUATES)

LOW $3,000

MEAN $12,595

MEDIAN $10,000

HIGH $40,000

BASE SALARY FOR ACCEPTED POSITIONS

$90,000

$67,500

$85,000

MEDIAN

$190,000

$112,000

$190,000

HIGH

$40,000

$40,000

$40,000LOW

$89,260

$67,800

$85,683

MEAN

U.S. Citizens/Permanent Residents

Total Graduates

Foreign Nationals

Page 16: Investor's Report, 2014 George Washington University School of Business

14 GWSB 2014 INVESTORS REPORT

ACCEPTANCES BY FUNCTIONFunction % Accepting Jobs Mean Median High Low

Finance/Accounting 30% $76,075 $75,350 $112,000 $40,000

Consulting 28% $87,028 $87,500 $115,000 $40,000

Marketing/Sales 12% $92,571 $85,000 $190,000 $44,000

General Management 10% $96,286 $100,000 $140,000 $48,000

Operations/Logistics 8% $88,290 $87,500 $108,160 $70,000

Other 6% $101,658 $110,000 $135,000 $51,630

Human Resources 5% N/A N/A N/A N/A

Information Technology 1% N/A N/A N/A N/A

PROFESSIONAL EXPERIENCE BEFORE MBA

accepted offers in Finance/Accounting, Consulting, and Marketing/Sales roles70%

accepted offers in Consulting and Financial Services industries54%

ACCEPTANCES BY INDUSTRYIndustry % Accepting Mean Median High Low

Consulting Services 33% $86,381 $85,000 $135,000 $40,000

Other Services* 25% $82,333 $76,000 $130,000 $44,000

Financial Services 21% $79,943 $75,350 $140,000 $40,000

Technology 8% $121,625 $108,250 $190,000 $80,000

Government 3% N/A N/A N/A N/A

Petroleum/Energy/Utilities 3% N/A N/A N/A N/A

Pharma/Bio Tech/Healthcare 3% N/A N/A N/A N/A

Nonprofit 2% N/A N/A N/A N/A

Real Estate/Construction 1% N/A N/A N/A N/A

Consumer Products <1% N/A N/A N/A N/A

Manufacturing <1% N/A N/A N/A N/A

Years Experience % Accepting Mean Median High Low

0-1 10% $80,500 $50,000 $190,000 $40,000

1-3 30% $85,029 $77,000 $135,000 $40,000

3-5 29% $84,847 $85,000 $114,000 $44,000

5+ 31% $93,219 $95,000 $140,000 $42,000

*NOTE: Other Services include: Advertising/Public Relations, Education, Sports/Leisure, Aerospace, Defense, and Legal.

N/A Fewer than three data points

Page 17: Investor's Report, 2014 George Washington University School of Business

15GWSB 2014 INVESTORS REPORT

COMPENSATION FOR ACCEPTED POSITIONS*

NORTHEAST {MEAN $84,333

MEDIAN $78,500

HIGH $135,000

LOW $55,000

MEAN $87,917

MEDIAN $90,000

HIGH $105,000

LOW $70,000

WEST {

MEAN $85,851

MEDIAN $85,000

HIGH $190,000

LOW $40,000

MID-ATLANTIC {* NOTE: No salary data available for International, Midwest, Southwest and

South regions because fewer than three data points were collected.

GMBA CLASS OF 2014 ACCEPTANCES BY REGION

56%MID-ATLANTIC

12%WEST

MEAN: $87,917

2%*MIDWEST

4%*SOUTHWEST

14%NORTHEAST

10%*INTERNATIONAL

MEAN: $85,851

MEAN: $84,333

2%*SOUTH

Page 18: Investor's Report, 2014 George Washington University School of Business

16 GWSB 2014 INVESTORS REPORT

Albright Stonebridge Group

Aurora Sciences

Bank of America Corporation

BMC Software*

Boston Scientific Corporation

Brailsford & Dunlavey

China Merchants Securiteis

(HK) Co., Ltd.*

Choice Hotels International

CIFI

Citigroup*

CEB

Deloitte*

Delphos International

Dimensional Fund Advisors

Distributed Sun LLC*

Edelman

Empire Capital

Management LLC

EY

Evergreen Enterprises*

Federal Reserve Board of

Governors

Gartner

The George Washington

University*

GitHub

GMR Marketing

GreatBridge Consulting, Inc.

Homestrings Ltd

HZDG

IBM

Infosys

Innovation Pavillion

International Planned

Parenthood Federation

Intertek

Johnson & Johnson

J.P. Morgan

KPMG

Mars Inc.*

Microsoft Corporation

Ministry of Planning,

Development and

Reforms, Pakistan*

Moore & Van Allen PLLC

Mr. Mamoun*

Navigant Consulting Inc.

Northwestern Mutual*

Overseas Private Investment

Corporation (OPIC)

PN Hoffman

Polish Humanitarian Action

PwC

Raytheon

Robbins Gioia LLC

Rocketship Education

Safeway Inc.

Sapient Global Markets*

SolarCity

Southeastern College

Taylor De-Jongh Inc.*

Tuck School of Business

TubeMogul*

U.S. Department

of Commerce

The Vanguard Group

Washington Nationals

WIN-Global Fund

Wolters Kluwer

GMBA CLASS OF 2014 HIRING ORGANIZATIONS

*Hired an MBA graduate not holding permanent U.S. work authorization

Page 19: Investor's Report, 2014 George Washington University School of Business

17GWSB 2014 INVESTORS REPORT

GWSB CLASS OF 2015 GLOBAL MBA INTERNSHIP ACCEPTANCE

Industry % Accepting Mean Monthly Salary Median High Low

Financial Services 17% $5,192 $4,495 $8,333 $1,760

Consulting Services 16% $3,583 $4,167 $5,000 $1,400

Government 7% N/A N/A N/A N/A

Other Services 7% $4,413 $4,225 $6,700 $5,600

Sports & Leisure 7% N/A N/A N/A N/A

Technology 6% $4,627 $5,280 $6,000 $2,600

Pertroleum/Energy/Utilities 6% N/A N/A N/A N/A

International Development 6% N/A N/A N/A N/A

Manufacturing 6% $2,963 $2,675 $6,000 $500

Non-Profit 6% $3,535 $2,320 $8,000 $1,500

Consumer Products 6% $5,994 $5,440 $8,043 $4,500

Education 4% N/A N/A N/A N/A

Pharma/Biotech/Healthcare 3% N/A N/A N/A N/A

Transportation 3% N/A N/A N/A N/A

Media/Entertainment <1% N/A N/A N/A N/A

Real Estate/Construction <1% N/A N/A N/A N/A

N/A Fewer than three data points

ACCEPTANCES BY FUNCTION

ACCEPTANCES BY INDUSTRY

Function % Accepting Mean Monthly Salary

Median High Low

Marketing/Sales 29% $4,219 $4,490 $8,043 $500

Consulting Services 28% $3,290 $3,200 $7,000 $1,080

Finance/Accounting 17% $5,208 $4,120 $8,333 $1,760

Operations/Logistics 13% $3,658 $2,825 $9,000 $1,200

Other 4% N/A N/A N/A N/A

General Management 3% N/A N/A N/A N/A

Human Resources 3% N/A N/A N/A N/A

Information Technology 3% N/A N/A N/A N/A

Page 20: Investor's Report, 2014 George Washington University School of Business

18 GWSB 2014 INVESTORS REPORT

GMBA CLASS OF 2015 INTERNSHIP ACCEPTANCES BY REGION

54%MID-ATLANTIC

7%*WEST

9%MIDWEST

MEAN: $5,240

6%*SOUTHWEST

19%NORTHEAST

4%*INTERNATIONAL

MEAN: $2,854

MEAN: $5,561

1%*SOUTH

* NOTE: No salary data available for International, West, Southwest and South regions because fewer than three data points were collected.

COMPENSATION FOR ACCEPTED POSITIONS*

NORTHEAST {MEAN $5,561

MEDIAN $5,440

HIGH $8,333

LOW $2,400

MEAN $5,240

MEDIAN $5,200

HIGH $6,250

LOW $4,150

MIDWEST {

MEAN $2,854

MEDIAN $2,700

HIGH $7,000

LOW $500

MID-ATLANTIC {

OVERALL COMPENSATION FOR ACCEPTED POSITIONS

LOW $500

MEAN $4,047

MEDIAN $4,000

HIGH $9,000

Page 21: Investor's Report, 2014 George Washington University School of Business

19GWSB 2014 INVESTORS REPORT

4Point4*

AFLAC

Albright Stonebridge Group*

AT&T

Bayer

Blueframe Consulting Group

Capitol Food Ventures*

CareFirst BlueCross

BlueShield

Center for Financial

Services Innovation

Chrysler LLC*

Cisco*

Colorado League of

Charter Schools

CVS Caremark

Deloitte

Delphos International*

Deutsche Bank

Discovery Communications

Edgewater Ranzal*

Education Pioneers

ExxonMobil

Federal Management

Partners

Federal Reserve

Bank of Boston

Ford Motor Company

GE Capital

The George Washington

University*

GMAC

Hamilton Robinson

Capital Partners

The Harford Financial

Services Group

Hasbro

Heartland Energy Partners

Hewlett-Packard

Hilex Poly*

Honest Tea

International

Monetary Fund*

John Deere

L2*

Monumental Sports

and Entertainment

National Cherry

Blossom Festival*

NeighborWorks

Octagon*

Pioneer Investment

Management Inc.*

PwC*

Putnam Accessory Group*

Society for Human Resource

Management*

Slalom Consulting

Sol Systems*

Summit Consulting

Tech2000*

UBS Investment Bank

United Airlines

USAID – Ethiopia Office

XFI Corporation

The World Bank*

*Hired an MBA graduate not holding permanent U.S. work authorization

GMBA CLASS OF 2015 INTERNSHIP PROVIDERS

Page 22: Investor's Report, 2014 George Washington University School of Business

20 GWSB 2014 INVESTORS REPORT

OFFICE OF DEVELOPMENT AND ALUMNI RELATIONS

Page 23: Investor's Report, 2014 George Washington University School of Business

21GWSB 2014 INVESTORS REPORT

n June 2014, the George Washington University publicly launched Making History: The Campaign for GW.

The Campaign for GW is an ambitious and comprehensive $1 billion philanthropic campaign to carry the University to the future outlined in Vision 2021, GW’s dynamic strategic plan. The talented students of GW will be able to capitalize on the School’s unmatched location, faculty and relationships with influential organizations to produce historic achievements on a truly global scale.

The School of Business has a $75 million goal for the campaign. Within the framework of the overall campaign, GWSB is uniquely poised to respond to challenges and opportunities at the intersection of business, government and society. We are offering a 21st-century business school education that meets the evolving needs of faculty and students.

Our curriculum and vision also incorporate the three pillars of the

George Washington University’s strategic plan: first, globalization and internationalism; second, social responsibility and sustainability; and third, the intersection of business and society, leveraging inter-disciplinary cooperation across the University. This momentous campaign, which is carefully designed to support these goals, will advance GWSB’s ability to carve out a distinctive and highly recognized place among business schools.

With the work, wealth and wisdom of our alumni, friends, parents and institutional partners, we will build this new business pedagogy focused on citizenship, sustainability and a global point of view. Philanthropic support will enable us to fulfill expectations, our own and those of our stakeholders, as we embrace the promise for a bright future.

GWSB ALUMNI MAKE HISTORY. How will you leave your mark?

With more than 53,000 graduates, the GW School of Business alumni network is an extensive, global

community that contributes greatly to the overall success of GWSB. Our alumni give generously of their time, talent and resources to help GWSB evolve, expand and progress, benefitting the institution, its students and their fellow alumni.

Your continued support is vital — and greatly appreciated. Please consider contributing to Making History: The Campaign for GW, as both a legacy at your alma mater and an investment in the future.

[email protected]

Together, We are Making History

Elizabeth H. MitchellAssistant Vice PresidentDevelopment and Alumni Relations

Nancy Noad FrazierDirector of Development and Board Relations

GWSB CAMPAIGN GOAL

$75 M TOTAL

CAMPAIGN RAISED$35,890,726

How will you leave your mark?

Page 24: Investor's Report, 2014 George Washington University School of Business

22 GWSB 2014 INVESTORS REPORT

HONOR ROLL OF DONORS

Page 25: Investor's Report, 2014 George Washington University School of Business

23GWSB 2014 INVESTORS REPORT

THE GEORGE WASHINGTON SOCIETY

All donors are valuable to the School’s mission. Fiscal Year 2014 ran from July 1, 2013 through June 30, 2014. If your gift was not received within this time period, it is not recog nized in this Investors Report. All donors who are recognized in this year’s report gave in part or in whole a gift designated to a School of Business program, department or fund. If your name does not appear as you would like, please accept our sincere apologies and call the Office of Development and Alumni Relations at (202) 994-8157.

+ Five year or more consistent donor to GWSB* Deceased

Donor Societies

The support of alumni, parents, friends, faculty and staff, corporations, and foundations is an important part of the George Washington University tradition. Our donor-recognition societies honor those who make possible the teaching, research, and learning opportunities that distinguish this great university.

We extend our gratitude to each of you for helping GW fulfill its mission. Membership in the societies is extended to individuals, corporations, and foundations that have made annual or lifetime gifts of cash, securities, or other appreciated assets. Qualifying gifts and pledges include cash, securities (or other appreciated assets), employer matching gifts, gifts in kind, gifts from family foundations (or closely held corporations), and documented pledges payable within five years. The George Washington Society recognizes those who cumulatively have given $100,000 or more in support of the university.

Joseph Aronica

A. James* and Alice Clark

Ric C. and Dawn B. Duquès

Estate of Lloyd H. Elliott

Ford Motor Company

The Robert Wood Johnson Foundation

Mark D. and Judy L. Lerner

The Pew Charitable Trusts

PNC Bank

Mark R. and Rosalind Shenkman

Chung Ju-Yung*

The L’Enfant Circle is named for the architect Pierre-Charles L’Enfant, whose vision has guided the growth of Washington, D.C., for more than 300 years. This society recognizes donors whose generosity and foresight have a transformational and enduring impact on GW. Membership is extended to individuals, corporations and foundations whose cumulative giving totals have reached $5,000,000 to $9,999,999. The following L’Enfant Circle members are donors to the School of Business.

L’ENFANT CIRCLE

Page 26: Investor's Report, 2014 George Washington University School of Business

24 GWSB 2014 INVESTORS REPORT

1821 BENEFACTORSEstablished in 2004, this esteemed society was named in honor of the year the university was founded, and embodies both the spirit of GW and the spirit of private philanthropy. Membership is extended to individuals, corporations and foundations whose cumulative giving totals are $1,000,000 to $4,999,999. The following 1821 Benefactors members are donors to the School of Business.

ARA Group, Inc.

AT&T Foundation

BearingPoint, Inc.

Morton A. and Grace M. Bender

The Morris and Gwendolyn Cafritz Foundation

Oliver T. Jr. and Kathleen Carr

The Commonwealth Fund

The Community Foundation for the National Capital Region

Evelyn Y. Davis Foundation

Deloitte

Helen P. Denit Charitable Trust

Duques Family Fund

Fannie Mae SERVE

Fidelity Investments Charitable Gift Fund

Ford Motor Company

Ernest H. and Mary Ann S. Forman

Morton I. and Norma Lee Funger+

Sergius Gambal*

GlaxoSmithKline

Vinod Gupta

Harford Insurance Group Foundation, Inc.

Seymour Herman

Hyundai Motor Company

IBM Corporation

Imperial Government of Iran

Clifford M. and Camille Kendall

Stephan Lau

Mark D. and Judy L. Lerner

Thaddeus A. and Mary Jean Linder+

Lockheed Martin Corporation

J. Willard Marriott Foundation

Merck Partnership for Giving

Microsoft Corporation

Anne M. Morton

Jack Morton

Raymond J. Oglethorpe

Robert L. Peterson*

Pfizer, Inc.

W. Russell Ramsey

Steven S. and Lori L. Ross

Midge E. Smith

Avram S. Tucker and Dianne Bostick

Vanguard Charitable Endowment Program

Verizon

George W. Jr. and Patricia Wellde

John Whalen and Linda D. Rabbitt

Page 27: Investor's Report, 2014 George Washington University School of Business

25GWSB 2014 INVESTORS REPORT

COLLEGE HILL CIRCLECollege Hill was the name of the first campus, when the university was established as the Columbian College in 1821. Established in 2014, the College Hill Circle honors the philanthropic vision and commitment that form the foundation of GW’s strength as an institution. Membership is extended to individuals, corporations and foundations whose cumulative giving totals have reached $100,000 to $999,999. The following College Hill Circle members are donors to the School of Business.

Seymour Alpert*

Michael A. Balmuth

Wellesley W. Baun

Everett H. Bellows

Charles R. Bendit

Richard W. and Nancy Blackburn

Mitchell E. Blaser+

Evelyn Boyer

Stanley J. Bright

Cary G. Brody

David S. Brown

John J. Buckley Jr.

David A. Burris

Calvin and Jane L. Cafritz

James L. Carruthers Jr.+

Kenneth B. and Linda Chaletzky+

Stephen R. Chitwood

Jin H. Ahn Cho

M.J. Chung and Eun-Jin Hong

George A. Coelho and Margo A. O’Brien+

David S. Cohen

Sheldon S. Cohen and Faye Cohen

Patton R. and Lauren B. Corrigan

J. Wendell Crain*

Neal R. Cutler

Estate of Helen P. Denit*

Joseph Deutsch

Charles E. Diehl

Estate of Clifford A. Dougherty*

Lorraine S. Dreyfuss

Harold R. Evans

Shengtao Fang

Julius Fleischman

Eugene F. Ford

F. David and Jackie Fowler+

Mary H. Futrell

Sergius Gambal

Carl and Nancy A. Gewirz

Michael B. Goodman

Gary C. Leslie B Granoff

Brian J. and Cherie Herrman+

Harold L. Hirsh

Jonathan J. Hochberg

Howard P. Hoffman

Javier J. and Andria A. Holtz

Lawrence A. and Kathleen M. Hough

Philip S. and Diana B. Hunter

Estate of Therese Karger*

Marvin L. Kay

Beverly Yvonne-Diehl Keaney

William C. Keller

Estate of Rita H. Keller*

Stephen Lau

Marc D. and Elise G. Lefkowitz

Clarence A. Lindquist

Fredric H. and Tami Mack

Pete L. Manos

Howard A. Matlin

Dorothy Maxon

Louis M. Mayberg

James T. McCarthy+

Mildred B. Miller+

Mary M. Miller+

Arthur S. and Judith S. Mintz

Frank Moy and Marcia Mau

William B. Oakley

Robert L. Peterson

Susan M. Phillips

Estate of Eugene F. Poncelet*

Richard E. Rainwater and Darla D. Moore

Michael and Deborah Ratner Salzburg

Glenn R. Richter

Louis and Blair Rosenfeld+

Darrell S. Ross

Howard and Elyse S. Rubin+

Lewis III and Frances Rumford

John T. Sapienza Sr.

John T. Schwieters

Science Applications International Corporation

Durward B. and Cynthia G. Sewell

Michael T. Shehadi

Richard F. and Janet R. Southby

Michael S. Tallent

William H. Tanner

Monty Thakur

Dorothy P. and Robert L. Tull

Marshall B. Tycher

Stuart A. Umpleby

Scott J. Van Hove

John W. Jr. and Avis C. Vessey+

Christopher G. and Constance Young

Joel D. Zychick

Page 28: Investor's Report, 2014 George Washington University School of Business

26 GWSB 2014 INVESTORS REPORT

Seymour Alpert*

Dana A. Barsky

Jin H. Ahn Cho*

A. James Clark

George A. Coelho and Margo A. O’Brien+

Myron P. and Mary Curzan+

Estate of Lloyd H. Elliott*

Carol S. and Jeffrey B. Engel+

Harold R. Evans

Ernest H. and Mary Ann S. Forman

Morton I. and Norma Lee Funger+

Sergius Gambal*

Estate of Donna M. Gokhale*

Estate of Julian Gokhale*

Elinore A. Halley

Harry J. Halley*

Estate of Leatrice J. Harpster*

David M.W. Harvey

Seymour Herman

Howard P. Hoffman

Estate of Paul D. Jacobsen*

Estate of Howard Kahn*

Thaddeus A. and Mary Jean Lindner+

Clarence A. Lindquist*

Leslie L. and Kathryn W. Megyeri

Anne M. Morton*

Jack Morton*

William B. Oakley

Estate of Walter A. Orlof*

Robert L. Peterson*

W. Russell Ramsey

L. Ron Rowland

The Estate of David N. Whitcombe*

TEMPIETTO CIRCLE OF THE HERITAGE SOCIETYThe Tempietto Circle of the Heritage Society is named for the campus landmark that so thoroughly symbolizes GW’s history and traditions. The Tempietto Circle recognizes alumni and friends whose commitment to the University today will have a transforming impact tomorrow. Membership is extended to those individuals who make documented, planned gifts of $500,000 or more. The following are members of the Tempietto Circle of the Heritage Society who have planned gifts to the School of Business.

Page 29: Investor's Report, 2014 George Washington University School of Business

27GWSB 2014 INVESTORS REPORT

Carl M. Albero

Ivan B. Alexander

Thomas Allender*

Frederick and Gwendolyn Amling

Estate of Joseph L. Arbena*

Ernest S. Auerbach

Estate of John J. Baldassari Sr.*

Estate of Shirley Barlow*

Evelyn Barstow Harrison Trust

Joanne T. Bauers

F. William Bauers Jr.

Karen L. Belford

William B. Belford

Everett H. Bellows

Karl L. Boettcher

Hortense M. Boutell

Evelyn Boyer

Nancy Broyhill

Estate of William M. Brulle*

Sophia W. Brumbaugh

Estate of Mildred G. Bryan*

Ralph L. Bryant

John J. Buckley Jr.

Frate Bull Jr.

Estate of Robert P. Burcham*

Arthur E. Buss

David D. and Ruth P. Carliner

Eugene H. Caylor

Harry L. Clark

David S. Cohen

Estate of Sheldon P. Cohen*

J. Wendell Crain*

Evelyn Y. Davis

Estate of Helen P. Denit*

Helen P. Denit Charitable Trust

Charles E. Diehl

John L. Diesem

Estate of Allyn C. Donaldson Jr.*

R. William and Ruth E. Douglas

Donald B. Downs

Tom R. Downs

Estate of Carl W. Easton*

Nelle L. Edmunds

Robert G. Efteland

Marion L. Farmer

Bonnie S. Franklin

Charles D. Fredrick

I. Allan From

Suzanne M. Gabbay

Estate of Joe Bob Gale*

Gary C. and Leslie B. Granoff

Reginald C. Grier

Leslie A. Hawkins

Estate of Robert T. Hewitt*

Charles O. Holliday Jr.

Murray L. Howder

Denise C. Isaac

Estate of Andrew Jackson*

Frank C. Jones

Margaret M. Jones

Jill F. Kasle

William Katzenstein

Beverly Yvonne-Diehl Keaney

James E. and Suzanne Kee

William C. Keller

Dorothy D. Keller

John B. Kendrick

Estate of Patrick F. Kennedy*

Charles J. Kovarik

Judith D. Krueger

Gretchen L. Kugel

Josephine Kugel Foundation, Inc.

Naomi M. Laughlin

Estate of Esther C. Lawton*

Robert T. Laycock

Sarah E. Lefferts

Salvatore J. Lucido

Bruce G. and Marjorie K. Lynch

Richard B. Marks

John T. Marlin

Harry S. McCoy

Eleanor L. McCoy

Robert C. Minor

John D. Morris

Estate of Leon W. Morris*

Michael J. and Marybeth Morsberger

Scott M. Mory

Frank Moy and Marcia Mau

Ruth E. Myer

Elisabeth W. Newcombe

Estate of Marian O. Norby*

Estate of Edward R. Padgett*

Estate of Ronald A. Paige*

Estate of Ruth E. Parker*

Bernard T. Pitsvada

Michael M. Plostock

Estate of Jay M. Podorowsky*

Estate of Eugene F. Poncelet*

Eugene F. and Isabel S. Poncelet Living Trust

W. Russell Ramsey

Lewis B. Redd

Christopher F. Robins

Donald C. Rosenthal

Sylvia W. Rothstein

L. Ron Rowland

Kenneth R. Samuelson

John T. Sapienza Sr.

Waldo W. Scheid

Estate of Scott L. Graham*

David H. and Judy Shinn

Joseph A. Sickon

Richard F. and Janet R. Southby

Lawrence W. Spellman

Estate of Charles B. Stevenson*

Estate of Anna K. Szwec*

Dwan “Diane” Tai

Robert L. and Dorothy P. Tull

Robert B. Van Metre

Mary Vincent

Gert Vutz

Estate of Harold L. Walters Jr.*

Warren K. Watson

W. Gordon Webner

Seth D. and Kristy M. Weinshel

Estate of Elizabeth H. West*

Vincent West

Estate of Donald E. Woolley*

HERITAGE SOCIETYThe Heritage Society honors alumni, friends, faculty and staff who have chosen to support the university through planned gifts. GW recognizes the significant role that these donors play in ensuring the university’s future and acknowledges their philanthropic leadership and vision. Membership in the Heritage Society is granted to individuals who make documented, planned gifts to the university in any amount. The following are members of the Heritage Society who have planned gifts to the School of Business.

Page 30: Investor's Report, 2014 George Washington University School of Business

28 GWSB 2014 INVESTORS REPORT

Gamal Abdelaziz and Amal Felaya

Richard W. Abramson

Mari B. Adam+

Tan Albayrak

J. Henry and Emma Ambrose+

Eugenio M. Arango and Eva Alcarez-Arango

Joshua H. Aronson

Justin C. Bakewell and Lara Covington Bakewell

Sara J. Banaszak

Eesh Kumar Bansal and Vimmi Bansal

Richard C. Barnett

Wellesley W. Baun

J. Howard III and Char A. Beales

Kenneth H. and Arlene Becker+

Michael J. Beckerman+

Charles R. Bendit and Karyn Katz Bendit

John W. and Janice Benton+

Mitchell E. Blaser+

Eric S. Blumencranz

James G. and Stacy Blumenthal+

Shari B. and Peter D. Boockvar+

Susan S. and Leo R. Breitman

Stanley J. and Pamela Bright

John B. and Betsy Brod

Robert D. and Anne Brooks

Dorian S. Brown

David A. Burris

Calvin and Jane L. Cafritz

John J. Calaman and Marjorie Nesbitt

Dennis Carroll and Leslie Hill

James L. Jr. and Noreen Carruthers+

Kenneth B. and Linda Chaletzky+

M.J. Chung and Eun-Jin Hong

John M. Cibinic+

Geoffrey R. Cleveland+

Jim and Susan Clifton

Thomas K. and Joan Cloetingh

George A. Coelho and Margo A. O’Brien+

Edward N. Coffman*

Matthew R. and Danielle M. Cohen

Robert L. and Sarah Cohn

Logan M. Coker+

Kevin J. and Carol Colgate

Patton R. and Lauren B. Corrigan

Anthony A. Curtis and Kathleen M. Hardy

Myron P. and Mary Curzan+

Samantha B. Cutler

Richard L. Jr. and Karin Daerr

Richard S. and Andra D. Davidson

Aaron D’Costa

Kevin B. and Charleen Deasy+

Aaron J. Deer

Joshua W. Desai

Lee W. Deutsch

Michael J. Di Renzo+

Alexander D. De Liancourt

John and Lynn R. Dillon

Anthony M. Diluca

Salvatore F. Divita*

Denise L. Dombay+

Carlos L. and Patricia Dominguez

Gerald J. and Elizabeth Dougherty+

R. William and Ruth E. Douglas+

Elliot A. Dowling+

Theodore J. Durbin

Michael L. Edelman

Annmarie Emmet+

John L. and Courtney L. English

Michael B. and Diana Enzi

Jeffrey H. Feinstein

Norman and Marjorie C. Feinstein

Slim and Selma Feriani

Cynthia M. Figueroa+

James E. and Nancy S. Flaum

Philip M. Fogel

Ernest H. Forman and Mary Ann Selly Forman

F. David and Jackie Fowler+

I. Allan From

Alexander J. Fruchtman

Morton I. and Norma Lee Funger+

Ronald M. and Kathleen Garstka+

Lawrence H. and Beth Gesner

Todd J. Glassman

Joshua D. Gleiber

Troy M. Glembot

Deborah F. and Jared M. Golub

R. W. Grabarek

Gregory H. and Elise Green

David A. Green and Karen A. Segal

Leslie G. and Arthur Greenberg+

Keith J. Greene

Scott L. and Laura B. Greenfield

LUTHER RICE SOCIETYLuther Rice raised the necessary funding and lobbied President James Monroe and Congress to make George Washington’s vision of a university in the heart of our nation’s capital a reality. In 1968, the Luther Rice Society was created in his honor. The society recognizes alumni and friends who annually contribute $1,000 or more ($250+ for alumni within five years of graduation; $500+ for alumni six-to-nine years after graduation). The following are Luther Rice Society members who are donors to the School of Business.

Page 31: Investor's Report, 2014 George Washington University School of Business

29GWSB 2014 INVESTORS REPORT

Lawrence N. and Ina K. Gumberg

Vinod and Laurel Gupta

James W. Handlon and Carolyn Burris Handlon

Michelle F. Harris

Jeffrey W. and Gayla Hartsough+

Brian J. and Cherie Herrman+

Katharyn S. and Thomas Hiebert

Jonathan J. and Stacy Hochberg

Ronald A. and Lisa Hodge

Charles R. Hooff III and Gudrun Kuelps+

Robert R. Hudson+

Philip S. and Diana B. Hunter+

Jonathan Iger

Mark J. Levine and Sara L. Imershein+

Robert G. and Linda Isaman

Emmanuel A. James+

Madelyn P. Jennings+

Andrew Joblon

Clayton M. and Deborah Jones

Kerry P. Jordan

John B. Kendrick

Carl H. Kneessi

Lawrence Krule and Susan D. Fader+

Ashish Kumbhat

Josh N. and Amy Kuriloff+

Hyun-Jin Kwon

Brian D. Landau

Grace Yu Kwok Lau and Charles Tsui+

Theodore W. Kurtz and Rosalba T. Lavandero

Edward J. Lenkin

Travis C. Levy

Robin K. Liebowitz

Frederick W. Lindahl

Matthew S. and Jamie L. Lindsay

William C. Lucia and Joseph A. Covelli

David and Cathy W. Madairy

George J. Matthews

James T. and Jane McCarthy+

Timothy J. McGlinn

Jodie W. McLean

Ian D. and Susan S. Meklinsky

Steven M. Merdinger+

Arthur R. and Susan Miele

Mary M. Miller and Dennis E. Farley+

Robert J. Miller II

Arthur S. and Judith S. Mintz

Praveen V. Mooganur

Joseph F. Mooney

Harry E. Moore+

Brian V. Moran

Erin T. Moretti

Michael J. and Marybeth Morsberger+

Steven M. Mount

John W. and Cara M. Moxley

Hossein Fateh and Dalia Mroue-Fateh

Meredith K. Murphy

Justin M. Neidig

Raymond C. Nolte and Ilene Lieberman+

Geoffrey and Sharon M. Oliver

Evan R. and Ellen Pariser

Jai Vijay Patel

John M. and Susan Pearl+

B. J. and Loretta Penn

Andrew D. Perlman

Donald J. and Susan Polden

Gary Pomerantz and Carolyn Schwab-Pomerantz

Carolyn G. Potter+

William V. and Linda Quinn+

Michael S. Quinn and Krista Landerholm

John Whalen and Linda D. Rabbitt

Marc N. and Jennifer Rampulla

Michael and Deborah Ratner Salzburg

Pradeep A. and Hansa V. Rau

Brian G. Ray+

Mitchell Rice and Suzanne Levine Rice

Mary S. Richardson

James L. and Hee Sun Robertson

Undra Robinson II+

Kenneth L. Robinson

Clarence B. Rogers Jr.+

Andre R. Rogers and Tarita C. Ford-Rogers

Andrew L. and Melissa Rosenberg+

Louis and Blair Rosenfeld+

Robert and Jodi L. Rosenthal

Steven S. and Lori L. Ross

Howard B. and Elyse S. Rubin+

Michael and Deborah Ratner Salzburg

Robert N. and Caroline Sankovich+

John and Ermina Santaguida

Jonathan and Linda Sawyer

LuAnn H. Schmidt

Martin A. and Susan Schultz

Lawrence W. Schwartz

Theodore Z. and Meredith P. Segal

John F. Seitz

Daniel H. and Cherie D. Serota

Vivian Serota

Shahriar and Nicole Shahida

Judy S. Shenefield+

Brian S. and Pamela Shlissel

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30 GWSB 2014 INVESTORS REPORT

Andrew S. Shore

Jeffrey S. and Elese F. Silverman

Daniel Benjamin Simons+

James R. III and Benta A. Sims

Michael D. and Miriam L. Sirota

Robert S. Snyder+

Michael H. Sonnabend+

Warren M. Stock+

Monty Thakur

Michael D. and Alexandra R. Toccin

Kwok S. Tom+

Avram S. Tucker and Dianne Bostick+

Marvin W. Turner

Robert J. Valero

Scott J. Van Hove

John W. Jr. and Avis C. Vessey+

Emily K. Wagner

Marc R. and Susan Wallace

George W. Jr. and Patricia Wellde

Scott M. Werthamer

John B. and Theresa Wood+

Sidney C. Jr. and Marilynn Wooten

Stephen J. and Liora Yalof

Christopher G. and Constance Young

Yuping Zhao

William N. Ziegler and Susan Boyd+

LUTHER RICE SOCIETY CONT.

Page 33: Investor's Report, 2014 George Washington University School of Business

31GWSB 2014 INVESTORS REPORT

Academy for Educational Development+

AFFIRM (Association for Federal Information Resources Management)

Alchemy Park, LLC

ASECA, Inc.

Bank of America Charitable Gift Fund

Bank of Beirut

Benjamin Franklin University Alumni Association

Bernard Family Foundation

BSA: The Software Alliance

Canadian International Development Agency

Charles Koch Foundation

Clay and Debbie Jones Family Foundation

Commonwealth Bank Foundation

Deloitte, LLP

Deutsch, Inc.

Doris M. Carter Family Foundation+

EJL98 Charitable Trust

Elder Research, Inc.

Enlightened, Inc.

Fader & Associates

Fast4ward Capital Group, Inc.

FIABCI-USA Scholarship Foundation

Fidelity Investments Charitable Gift Fund

Filene Research Institute

Gabriel Rosinsky Family Foundation+

Genesis IV, LLC

Giant Food, Inc.

Innotion Enterprises, Inc.

Interpublic Group of Companies, Inc.

Ironshore Insurance, Ltd.

Jodi and Robert Rosenthal Family Foundation

L & E Enterprise Solutions, LLC

McGregor Links Foundation+

MGM Resorts Foundation

National Philanthropic Trust

Network for Good

PNC Foundation

Purpella Limited

Rita and Jeffrey Adler Foundation

Schwab Fund for Charitable Giving+

Serota Development Company, LLC

Sloter Family Foundation

Sweetgreen

Tampa Orlando Pinellas Jewish Foundation, Inc.

The Bendit Family Foundation

The Funger Foundation, Inc.+

The Gallup Organization

The Glassman Family Foundation

The Morris and Gwendolyn Cafritz Foundation

The New York Community Trust

The Summit Foundation

TIAA-CREF

United Jewish Appeal Federation of Greater Washington

Wells Fargo & Company

Wells Fargo Foundation

TRUSTED PARTNERS: GIFTS FROM ORGANIZATIONS, FOUNDATIONS AND CORPORATIONSThe George Washington University was created in 1821, fulfilling this great man’s vision of an institution in the nation’s capital dedicated to educating and preparing future leaders for their responsibilities to society. Not only did George Washington emphasize leadership, he also understood the importance of partnership and relationships.

As a Trusted Partner, a corporate entity gains access to the knowledge, research, networks, and talent that will help that organization navigate this terrain successfully, as well as facilitate engagement with constituents and maximize value for their stakeholders.

By investing in the George Washington University School of Business as Trusted Partners, companies join an exceptional community of students, faculty, alumni, and partners committed to advancing the study of business and preparing the next generation of business leaders. The following Trusted Partners gave to the School of Business in FY 2014.

Page 34: Investor's Report, 2014 George Washington University School of Business

32 GWSB 2014 INVESTORS REPORT

FACULTY AND STAFF DONORSDominic N. Abbate

Prabir K. Bagchi+

James R. Bailey

Isabelle G. Bajeux-Besnainou

J. Howard Beales III+

Vitali Y. Brovkine

Mary Chang+

Amanda Chin Yee

Colette H. Coleman

Sergio Donofrio+

Beth C. Feldpush

Cynthia M. Figueroa+

Ernest H. Forman

Katalin Gaitan

Alexis M. Gaul

Miranda C. Gendel

William C. Handorf+

Nora Sharon Hill

Gergana D. Jostova

D. Christopher Kayes

Steven E. Keating Jr.+

John B. Kendrick

Leah M. Kuppersmith+

Young H. Kwak+

Frederick W. Lindahl

Matthew S. Lindsay

Alexandra K. Mahinka

Kathleen M. Malliarakis

Patrick and Jeanne McHugh

Eric N. Miller

Elizabeth H. Mitchell

Michael J. Morsberger+

Nancy Noad Frazier

Joan Ochi

Kathryn E. Perugini

Pradeep A. Rau

Suzy K. Salib

Andrew H. Salzman

Lawrence W. Schwartz

Margaret A. Shepard+

Robert S. Snyder+

Tara D. Sonenshine

Rebecca C. Trump

Robert J. Valero

Sylvan Von Burg

Abigail N. Weinshel

Mamie J. Williams

Stephen D. Young

Liang Yu+

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33GWSB 2014 INVESTORS REPORT

Gamal Abdelaziz and Amal Felaya

Richard W. Abramson

Benjamin H. and Linda Alder

John and Marcie Baker

Mark A. and Caprice Baun+

Michael P. and Andrea Berger

Carlos E. Berl

Jacques Besnainou and Isabelle G. Bajeux-Besnainou

Gerald D. and Helene D. Birns

Mitchell E. Blaser+

James G. and Stacy Blumenthal+

Mark A. and Amy P. Bond

John J. Calaman and Marjorie Nesbitt

Hector B. and Claudette M. Calder

Gabriel and Marie Carreon

Bradley E. Carter and Tessa C. Lucero

M.J. Chung and Eun-Jin Hong

William Connors and Paula Drozdal-Connors+

Patton R. and Lauren B. Corrigan

Anthony A. Curtis and Kathleen M. Hardy

Neal R. and Beth Cutler

Saiid M. and Sera M. Daemi

David J. and Shannon M. Darab

Howard S. and Mindy A. Diamond

Anthony M. Diluca

Mark and Nancy Donatiello

Jeffrey S. and Linda E. Doynow

Marjorie C. and Norman Feinstein

James E. and Nancy S. Flaum

Hubert Fogan and Anita G.W. Fogan

I. Allan From

Peter C. and Alice Fulweiler

Scott A. and Melissa J. Glaze

David A. Green and Karen A. Segal

Lawrence N. and Ina K. Gumberg

Thomas A. Gutman

Glenn H. and Donna H. Hascher

Rex V. Cornelius and Linda P. Hobbs

Jonathan J. and Stacy Hochberg

Jules Tjin Wong Joe and Livia Tjok

Richard L. and Dale Katz

D. Christopher and Anna B. Kayes

Scott Kerbel

Louis A. and Yvette B. Klevan

Robert A. and Laura Koperski

Theodore W. Kurtz and Rosalba T. Lavandero

Andrew B. Leon

James J. and Charlotte A. Lidrbauch

Steven M. Merdinger+

William and Barbara Meyer

Arthur S. and Judith S. Mintz

John W. and Cara M. Moxley

William C. Neals

Stephen and Andrew Nehlig

Margaret S. Niple

Anthony and Jadwiga M. Panuccio

Helmut and Pilar F. Paul

Richard N. Plotnick

Donald J. and Susan Polden

Seema A. Pollack-Gross

David J. and Patricia E. Pollock

Pradeep A. and Hansa V. Rau

Lewis B. and Lynn Redd

Mitchell Rice and Suzanne Levine Rice

Robert and Jodi L. Rosenthal

Howard B. and Elyse S. Rubin+

John F. Seitz

Daniel H. and Cherie D. Serota

Michael D. and Miriam L. Sirota

William L. Smiley Jr. and Janna Carter Smiley

Michael and Stacy Snyder

Robert F. and Sharon C. Stokes

Mary E. Taylor

Michael D. and Valerie Thomas+

Robert B. Walker

Marc D. and Barbara Wallick

Alan S. and Louise Weil

Adam J. Weiss

John Whalen and Linda D. Rabbitt

Riehl William

Joohee and Sangdo Yoon

Joseph M. Zappala and Isabella Arjona

DONATIONS FROM GWSB PARENTS AND GRANDPARENTS

Page 36: Investor's Report, 2014 George Washington University School of Business

34 GWSB 2014 INVESTORS REPORT

Rebecca L. Adler

Benjamin H. and Linda Alder

Santos Altamir

Patricia E. Archer+

Lara Covington Bakewell

Alakananda Bagchi+

Catherine R. Baumer

Wellesley Wenger Baun

Charles I. Bayles

Char A. Beales+

Joseph and Kristina Bendyk

Jacques Besnainou

Lindsey A. Binstock

Shari B. Boockvar+

Susan S. Breitman

John B. and Betsy Brod

Irene Burdetsky+

Tracy Ginter Bushkoff

Calvin and Jane L. Cafritz

Lanny A. Cardow

Shannon Marie Cerminaro-Doyle+

Michael L. Chapman and Janet Chapman Goldman+

James P. Cheeks Jr.

Jim and Susan Clifton

Danielle M. Cohen

Arthur R. Cresce Jr.

Myron P. and Mary Curzan+

Richard S. and Andra D. Davidson

Rochelle M. Lichtman

Pamela J. Deitz

Lee W. Deutsch

Kathleen C. Devey+

Cristina R. DiSabatino

Ruth E. Douglas

John J. Douglass

Margaret Kolberg Downs

Theodore J. Durbin

Robert M. Early

David M. Ebbitt

Carolyn D. Fletcher+

Mary Ann S. Forman

Peter G. Freeman and Jill Fine

Turkan Kumbaraci Gardenier

Estate of Julian Gokhale*

Deborah F. Golub

David A. Green and Karen A. Segal

Gregory H. and Elise Green

Werner Grosshans

Vinod and Laurel Gupta

Elinore A. Halley

George D. Hartnett

William J. Haughney

Adam R. Hess

Diana B. Hunter

Jonathan Iger

Sara L. Imershein+

Renee Cumberbatch Jackson

Pankaj R. Jain

Madelyn P. Jennings+

Harlan Kahn

Youjin Hur+

Anna B. Kayes

Christopher M. Kehoe

Alan S. Klavans

Jack Koretsky

Kathleen M. Laiosa

Jamie L. Lindsay

Donald E. Lucas

William C. Lucia

Marjorie K. Lynch

Helen L. Mace

Nikita A. Malliarakis

Ronni Massok

Jodie W. McLean

Teresa C. Meadows

Judith S. Mintz

Erin T. Moretti

Marybeth Morsberger+

Dalia Mroue-Fateh

Martha M. Nimmer

Roena L. O’Donnell

Joel H. Oleinik

Estate of Ruth E. Parker*

Phyllis W. Parrish

Alfred Poole

Michael S. Quinn and Krista Landerholm

Brian G. Ray+

Barry Reisig and Beth Polisky Reisig

Donald S. Rice

Jeff and Laura D. Riese

William A. Roberts III

Oliva U. Rodriguez

Andre R. Rogers

William P. Rogers Jr.*

Lori L. Ross

Robert M. Rozen

Gabor J. Rozsa

Michael Salzberg and Deborah Ratner Salzberg

Altamir Santos Filho

Susan M. Schmidt

Theodore Z. Segal

Vivian Serota

Susan Shue+

Elese F. Silverman

James R. Sims III

Stanley W. Sloter

H.H. Sowers Jr.

Teresa Spencer

Marilyn J. Szczerbiak

Monty Thakur

Cathryn N. Thompson

Mark H. and Vera D. Torrence

Vikki Torrence

Lee-Ellen Toyzer-Ronis

Matthew A. Trump

Rajiv Verma

Scott J. Van Hove

Leah R. Wallick

John Whalen and Linda D. Rabbitt

Diane Wenger Wilson*

Erica F. Wood

GIFTS FROM CURRENT STUDENTS, OTHER GW ALUMNI AND FRIENDS

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35GWSB 2014 INVESTORS REPORT

Page 38: Investor's Report, 2014 George Washington University School of Business

36 GWSB 2014 INVESTORS REPORT

Paul R. Aaron+

Pamela H. Akin

Alchemy Park, LLC

James Apistolas

Eugenio M. Arango

Jessica Arfaa

ASECA, Inc.

AFFIRM (Association for Federal Information Resources Management)

Tamra J. Avrit

John D. Balls

Bank of America Charitable Gift Fund

Bank of Beirut

Eliot M. Bassin and Leah R. Wallick

Katherine M. Batten

Robert K. Baulch

Willie H. Beale Jr.

Albert F. Belbusti

Maynard H. Benjamin

Benjamin Franklin University Alumni Association

Nathalia Y. Bernardo

Karl L. Boettcher+

Peter D. and Shari B. Boockvar+

Paul T. Borzilleri*

Peter Botos

Rayford L. Bourn

Steven M. Braunstein+

Phillip N. Brill-Edwards

Sharon L. Briskman

James Wahl Butler Jr.

Jonathan M. Butwin

Zhihua Chen

Joseph B. Chera Jr.

Amanda Chin Yee

M.J. Chung and Eun-Jin Hong

Harry L. Clark

Geoffrey R. Cleveland+

Earl B. Cohen

Colette H. Coleman

Richard V. Colligan III

Stephen A. Connelly

William Connors and Paula Drozdal-Connors

Suzanne Abrams

Shawn M. Costa

Joseph A. Covelli and William C. Lucia

Myron P. Curzan+

Samantha B. Cutler

Neal R. Cutler

Jordan D. Czeizler

Deutsch Inc.

Christine A. Dickson+

Denise L. Dombay+

Herbert W. Dorsey

Gerald J. Dougherty+

Linda E. Doynow

Jonathon S. Epstein

Jonathan D. Fazio

Oona Feddis

Robert W. Feldhousen

Charles W. Fendrich III

Lloyd W. Fernald Jr.

Fidelity Investments Charitable Gift Fund

Cynthia M. Figueroa+

Ralph M. Flanigan Jr.

R. John and Carolyn D. Fletcher+

Ernest H. Forman and Mary Ann Selly Forman

Elizabeth I. Fox

Alexander J. Fruchtman

Joshua N. Gammon

Miranda C. Gendel

Genesis IV, LLC

Mildred M. Glover

Estate of Donna M. Gokhale*

Estate of Julian Gokhale*

Nigel Gombakomba

James Gourgouris

R. W. Grabarek

David A. Green and Karen A. Segal

Leslie G. Greenberg+

Cynthia Wrenn Guerrieri

Vinod Gupta

Lawrence J. Hahn

James W. Handlon

Michelle F. Harris

Brian J. and Cherie Herrman+

Adam R. and Beverly Y. Hess

Jamine A. Hill

Ashley Hines

James W. Hirsch

Kevin J. Hopmeier

Interpublic Group of Companies, Inc.

Suzan Isazadeh

James H. Jeffrey

James R. Jenkins

Jerrilee H. Jennings

Tao Jin

Bo Jin

Karen D. Johnson

Steven E. Keating Jr. and Youjin Hur+

Eun-Young Kim

Merrill D. Kirshenbaum

POWER & PROMISE FUND DONORSThe GWSB Power & Promise Fund ensures that all qualified students, regardless of financial resources, can take full advantage of the educational opportunities available to them. We thank donors who supported scholarships and financial aid with their gifts to the Power & Promise Fund in fiscal year 2014.

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37GWSB 2014 INVESTORS REPORT

Jan A. Klein

Jill A. Krieger

Alexander J. Kuester

Heath B. Kushnick

Marina L. Lang

Christopher J. LaRocque

Grace Yu Kwok Lau+

Edward F. Leary+

Robert R. Lee

Andrew S. Leon

Tanisha N. Lewis

Jordan E. Liedholm

Matthew S. and Jamie L. Lindsay

Patricia Y. Love

Kathy L. Maloney

Richard D. Marks

Cheri Flynn McGuire

George G. McPherson

Ian D. and Susan S. Meklinsky

Richard H. Miller

Marcia K. Miller

Eric N. Miller

Praveen V. Mooganur

William H. Moore Jr.

Angela Morales+

Brian V. Moran

Julie M. Muroff

Sonya Naganathan

Robert E. Opatovsky

Lorenzo Pace

Sherrie G. Padmore

Anthony and Jadwiga M. Panuccio

German Paraud

Estate of Ruth E. Parker*

B. J. Penn

Andrew D. Perlman

Carl N. Pettigrew

Geneva P. Pham

Donald J. Polden

Charles I. Pollack

David J. and Patricia E. Pollock

Alfred Poole

Michael R. Potaski

Carolyn G. Potter+

Jerome F. Prochaska

Rea M. Pyle IV+

Muhammad A. Qizilbash

Richard B. Quanrud

Charles E. Rader

Stephen H. Reading

Donald S. Reed

Melissa D. Reyes

William E. Reynolds

Donald S. and Lydia A. Rice+

Michelle Rosalia Rigby+

Rita and Jeffrey Adler Foundation

William A. and Julie S. Roberts III

Steven S. and Lori L. Ross+

William A. Rothwell

David V. Rudd

Linda Sawyer

Nancie A. Schalk Johnson

Emanuel J. Sedlacek

David A. Shepard

Jeffrey S. and Elese F. Silverman

Stephen E. Simmons

Daniel B. Simons+

James R. III and Benta A. Sims

D. Craig Singleton

William L. Smiley Jr.

Robert H. Smith

Barry N. Smith+

Erin M. Sousa

Cailin P. Sousa

Barbara Spangenberg

Bryan C. Stoller

Eric M. Struchen and D’Artagnan Catellier

Lisa E. Tenebaum Ehrlich

Michael D. and Alexandra R. Toccin

John A. Trotter

John W. Jr. and Avis C. Vessey +

William H. Walters

Eugene L. Waszily

Scott M. Werthamer

Kevin T. Wong and Varina Lin

Yuping Zhao

Michael B. Zytnick+

Page 40: Investor's Report, 2014 George Washington University School of Business

38 GWSB 2014 INVESTORS REPORT

ALUMNI GIVING

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39GWSB 2014 INVESTORS REPORT

1949Joseph MacekuraRussell D. MaskeEmanuel J. Sedlacek

1950R. W. GrabarekRobert R. HudsonEmanuel J. Sedlacek

1951Paul T. Borzilleri*Harry Leon ClarkAllan W. GatesLeon C. HaydenJerrilee H. Jennings

1952Samuel W. Barrow Jr.David I. CohenJoseph F. KingWilliam H. Moore Jr.

1953Morton I. FungerKenneth R. SamuelsonWilliam F. ShawRobert M.S. Tom

1954Donald M. BisbeeJohn K. McBride

1955John K. McBrideWilliam W. Rankin

1956Nathan J. NaddeoRobert J. Weigand*

1957Jennye S. DavidsonDonald E. Goodman

1958Donald M. BisbeeWarren E. CerroneGeorge W. FetzerAnnabelle S. JaffeMark F. Spies

1959Raymond V. BarnesHarry P. BlusBurton S. CarnegieStanley M. Goldstein

1960Edwin W. Abbott IIIMiles T. BurdRainold J. FranekLewis GoldCharles N. JonesGerald L. OsborneRobert Warsaw

1961Joe E. ChamblissJudy Fimiani SlarbAlan P. HawkinsDona R. H. HildebrandGeorge R. Kirmse Maurice S. Lewis Jr.James W. MarinerHarry W. Morgan Jr.John F. Patrick

1962Jack L. HancockJoel R. HedetniemiC. James Holloway Jr.

Bennett R. MarshallClarence B. Rogers Jr.Wayne N. Schelle

1963Leo R. BreitmanStanley J. BrightR. William DouglasMargaret P. Douglass John R. FranceschiniAlan P. HawkinsErnest M. KeelingRobert N. Keifert

1964James H. BancroftFrederick T. BarrettGlenn L. HogleIra A. Hunt Jr.Philip S. HunterA. Thomas NeissRichard B. QuanrudDavid G. Swinford*Edward A. Swoboda

1965Moustafa H. AbdelsamadMartin AuerbachA. George BranchMarvin R. BurtRoxane Wenk EvansCharles W. GrooverRoyal M. HanningCharles R. Hooff IIIJohn B. KambanisRobert L. KayBuddy W. KingBrian L. McDonnellPercy W. Miles Jr.Charles G. NolanDonald R. Roberts

Richard J. SchimbergJames M. ShanklesJ.R. Smith Jr.Clifford C. Stults IIClaude R. Yates III

1966Max H. Allen Gerson L. ArnettPeter BotosCarl E. ClarkRoby R. CraftE. Lawrence DavisMichael B. EnziGlenn L. HogleFrederick J. Kirch Carl H. KneessiArthur S. MintzJack M. Pugh Benjamin C. RushWilliam C. SimanikasRobert H. SmithJohn W. Vessey Jr.

1967Justin E. Beals Stephen BernsteinJohn I. Blanck Sr.Vincent R. CucinaRobert E. Flolid Dorsey O. HawkinsJoel R. HedetniemiJames R. JenkinsWendell W. JerniganR. Stephen KampConrad J. LindemannWesley A. LokkenHoyt P. MauldenJohn J. McCracken Jr.Arthur R. MieleE. Paul Mink

Alumni Giving

All donors are valuable to the School’s mission. Fiscal Year 2014 ran from July 1, 2013 through June 30, 2014. If your gift was not received within this time period, it is not recog nized in this Investors Report. All donors who are recognized in this year’s report gave in part or in whole a gift designated to a School of Business program, department or fund. If your name does not appear as you would like, please accept our sincere apologies and call the Office of Development and Alumni Relations at (202) 994-8157.

* Deceased

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40 GWSB 2014 INVESTORS REPORT

Don A. PenningtonJames W. PrichardJoseph B. ReynoldsHarry E. RobsonNeil M. SchwartzsteinC. Glen Shaffer Jr.Homer G. Snodgrass Jr.Patrick F. SweeneyGary A. TerrillFrederic L. TollesonVerlon K. VranaCarl E. WagnerWilliam H. Walters

1968Karl L. BoettcherAnton D. Brees Terry L. BrennemanEdward P. Dewey Gerald J. DoughertyR. John FletcherJohn S. GardenierGeorge E. HollendurskyCharles C. KimEdward L. MarvinHoyt P. MauldenRichard V. Miles IIIJohn A. NorvilleRobert N. SankovichRobert J. ShueD. Craig Singleton

1969William H. Budke Jr.Marvin R. BurtRobert C. DavisRobert C. Ellis*Chester R. FelknerJohn L. GreenRobert S. HirshDouglass C. HorstmanGeorge E. JonesRoy G. KidwellJohn D. LeeAlbert H. ManusRuby Y. MarvinJames L. MashburnDouglas C. NaismithArthur B. O’ConnellPaul A. O’HopKenneth L. RobinsonRobert J. Ryan Jr.George P. Sotos Robert J. StankardArthur B. TrammellRichard P. Zaharoff*

1970Moustafa H. AbdelsamadHarry D. Baker Jr.John W. BentonKarl L. BoettcherGerald F. DunawayRonald E. Emmerson

Robert W. FeldhousenPeter C. FulweilerCharles C. HarrisKarl H. HutzlerHarold E. JohnsonFrederick R. Keith Jr.William J. Laux Jr.Daniel J. LigonJames R. LyonsDonald C. PetersonDonald J. Polden John P. RibkaTerrance E. StallcopVerlon K. VranaE.K. Walker Jr.

1971John AprahamianFrank J. AurelioLeroy C. BartonRobert C. BasfordMatthew T. Braid Jr.Kenneth B. ChaletzkyStephen A. ConnellyHenry F. CraneHerbert W. DorseyMichael A. EckJohn R. GlennieLester P. GoldsteinHarry J. Halley*Mahavir JainJames L. MashburnJames T. McCarthyStephen T. McClellanRichard E. Morgan James H. NeroJ. A. O’BrienEldor R. OienJohn M. PearlWilliam J. Smith Walter SzczerbiakArmand B. WeissSidney C. Wooten Jr.

1972Gregory C. AbelFrederick T. BarrettKenneth H. BeckerJohn W. BentonRonald R. BruceHarry A. CahillE. Roger ClarkRichard L. Daerr Jr. Donald M. Davis Richard A. FerdaI. Allan FromDavid H. GeddesEdward D. HeathRowland M. HillRobert A. KiehlJohn L. KizerAlbert Konetzni Jr.David V. LammMaurice S. Lewis Jr.

Joseph A. MaccaroneJerrold D. MaransNancy K. McBrideGerald L. OsborneHenry E. OttenJohn J. PalmieriJames W. Rice Jr.*William R. Rosenfelt Jr.William L. Smiley Jr.Douglas E. SmithGeorge F. SupanSuzanne B. TaylorRobert E. VermetteLouis S. Wall

1973James ApistolasRaymond R. Barrows Jr.Albert F. BelbustiMitchell E. BlaserJeffrey A. BurkeTimothy E. CarmodyEugene H. CaylorEdward N. Coffman*Robert L. CohnPaul Joseph DumasJohn S. GardenierHugh M. GildeaJames W. HandlonCharles C. KimRaymond A.J. LepesqueurJ. Kendall Middaugh IIRichard H. MillerPaul A. O’HopMarc ReichmanDonald ReschRobert J. ShueDavid J. SingstockGeorge P. SotosDavid G. Swinford*John J. WilhereVernon L. Williams

1974Stephen M. AndresJoseph G. BlakeRayford L. BournWilliam H. Budke Jr.John H. CrabbJames R. DanielsPreston A. DavisPaul A. DenettMary G. EllisAnnmarie EmmetRobert A. FiorelliPaul K. GallagherRobert H. GuthrieJames W. HirschHarold J. KirschnerMichael S. KridelSamuel J. KurshEdward F. LearyEdward J. LenkinRichard O. Lundquist

Nikita A. MalliarakisDavid W. MartinArthur C. Meiners Jr.German ParaudJerome F. ProchaskaGulam R. PuthawalaStephen H. ReadingRonald L. StraightGary A. TerrillJohn E. VermillionHarold WalkerMarc D. Wallick Ralph F. WetzelFrederick B. Wood

1975Nicholas H. C. AchesonWilbert C. Adams Jr.Charles R. BenditMark A. BondSamuel L. ChappellThomas K. CloetinghKevin B. DeasyJerome F. Dwyer Jr.Sigmund GastDavid C. GoldsteinMerrill D. KirshenbaumJohn D. KlinedinstKaspars V. KreslinsBrian Leo McDonnellJ. Kendall Middaugh IIJames A. MossDouglas C. NaismithCharles F. NollGlenn P. Orgeron Burnett W. Peters Jr.Gary D. PlotzBen F. Sands Jr.David J. SingstockRobert L. SmithThomas L. Van PettenWestford D. WarnerLewin S. WarrenOscar Womack Jr.

1976Louis W. Baker Thomas J. Barnett Norris L. BrodskyAndrea W. BrownDennis B. BulgerMary L. ByrnesKen C. Casey Kevin J. ColgateC. Beth CotnerJames R. DeveyJack L. DiekmanCarlos L. DominguezPatricia A. DrobnekGerald F. DunawayTerry E. DunlaveyDaniel D. Gillespie Donald R. HagueRodney B. Huffman

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41GWSB 2014 INVESTORS REPORT

Patricia IrvingMary Jo Jacobi JephsonPhilip W. JonesAnthony J. KamerickJan A. KleinNorbert KleinerDavid V. LammGrace Yu Kwok LauMargaret M. Maguire George B. McClennenSteven M. Merdinger Scott OrlinsR. Scott RichterMartin A. SchultzWalter H. Schultz Jr.Nathan SiekierkaStuart J. SilbergSusan B. ThomasM. Elizabeth WareGeorge W. Wellde Jr.Gordon L. WilliamsKenneth P. Winchester*

1977Vernie BarrowMaynard H. BenjaminKarl L. BoettcherRobert L. Clark George A. CoelhoNelson L. Davis Sr.Carlos DocalPeter E. Driscoll Gary I. Friend

Allyn M. FrittsBrian J. HerrmanDiane E.K. HillKirk A. HornbeckHenry G. HudsonJulius P. JusticeElaine H. KrasnickJudith H. LangsdonPamela C. MackJohn L. MacMichael Philip L. MajorLinda A. MazaweyJames D. MiltonRoger C. MinardCarolyn L. MitchellAlan C. MoidelDavid C. MoynihanTracy E. MulliganMeredith K. MurphyJerome A. Patterson George E. Sauer IIIBarton ShapiroThomas J. SmithBarbara SpangenbergHarry J. ThieKwok S. TomAvram S. TuckerJudith A. UrbanczykDaniel J. WaldmanJacquelyn L. Wynn

1978Victor Mervin Arkilic

James G. BlumenthalSusan D. FaderBarry S. FeigenbaumLawrence J. HahnRobert J. HoffmanDon B. IaconoLisa E. JacobsMichael J. KelleyRichard L. KellyMark Jeffrey LevineNancy K. McBrideMary M. MillerRobert W. MoserTimothy T. PorterJeanne T. RaederClaude H. Rhea III Norman E. Schmidt Jr.Gene M. SeibertDavid T. SitesGordon A. SmithLaurence A. StultsLouis A. TeletskiMarc D. Wallick Richard R. WaxAndrew H. Werthmann

1979Pavlos G. AlexandrakisRobert K. BaulchAdrianne M. BrentWilliam H. BrentDavid A. BurrisAnthony M. Chaffier

Melvin L. Clark Jr.Philip G. CohenWilliam L. CottrellBarry N. CoverRichard W. DayEilan EzrachieCharles W. Fendrich IIIGary I. FriendRonald M. GarstkaKeith J. GreeneCynthia Wrenn GuerrieriThomas D. HaggertyJeffrey W. HartsoughRobert S. HerbertJonathan S. HurtRandall A. IngalsbeHoward P. JonesAnthony R. KaneLowell M. KasdenDaniel M. KlockToshiro KobayashiMel S. LipsitzTimothy H. MarvinMelissa A. NielsonRobert E. OpatovskyEric L. OserLynn D. PapeLewis B. ReddLydia A. RiceDavid S. RonisRaymond H. Smith Ronald L. StraightHoward Verp

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42 GWSB 2014 INVESTORS REPORT

Wendy G. VinokurCora W. WethersRichard T. Wojciechowski

1980Verlon H. BassLester E. BergenRichard D. BrownJames L. Carruthers Jr.Daniel S. ChanTerence J. ConwayDonald E. GaravitoLawrence H. GesnerJoseph H. GreilJane GriffithJames A. HeinrichRuhullah IzadyarAlice R. KlavansJoan Towles MatthewsJohn S. McKenzieHenry S. Meadows John D. PavlovskyB. J. PennRonald C. PillowJulie S. RobertsLouis RosenfeldJeffrey D. RothRichard K. RussoDeborah J.

Schaefer-GreenbaumRobert A. SempekJeffrey D. SerkesRaymond C. ShanahanL. E. Shepherd Jr.John E. WagnerJohn B. WoodChristopher G. Young

1981Richard W. AbramsonPavlos G. AlexandrakisMary J. AtwaterChristina K. BielHelene D. BirnsBarbara B. BlochDorian S. BrownRaymond E. Brule Jr.Robert M. BushkoffJames Wahl Butler Jr.William S. CallananBarbara K. CarleeBarbara C. CassidySally S. CoxLinda H. CrumpeckerWilliam O. CunninghamJulie H. DellingerVincent J. DiMassimoMichael B. DitkoffEilan EzrachieGail E. FarrellyLloyd W. Fernald Jr.Anita G.W. FoganPaul J. FormichellaDon B. Iacono

Emmanuel A. JamesJohn C. KovarikCelia J. KuhlmannJosh N. KuriloffJean Ellen P. LaForceFrank J. LeshikJoanne E. LyonKarin F. MacKinnonDorothy R. NorwoodRosalind S. OleinikEugene M. PrincipatoSteven S. RossRegina Kessler RothTobi Zloth RozenElyse S. RubinHoward B. RubinDavid M. SavardAnita E. SchneeMary Lou SchrammShahriar ShahidaBarry N. SmithLinda Hebert SmithEllen K. SommerBarbara SpangenbergMarc J. SpiegelMarie F. TehKwok S. TomSusan D. WalstonJames K. WankoWilliam N. Ziegler

1982Jay P. ArvaiAnthony J. AvedisianKathryn N. BairdAlan M. DavisLynn R. DillonJohn G. DobrianskyCarlos DocalRalph M. Flanigan Jr.Janet Chapman GoldmanRay L. HowesLee R. HurwitzRandall A. IngalsbeAlfred C. KraftStephen J. LuriePaul MarynowychGeorge J. MatthewsWilliam L. OberdorferSharon M. OliverEvan R. PariserPilar Franzoni PaulDebra R. PemsteinRonald C. ReidClaire Sarrazin RennellNestor R. SagueGerald J. SajewskiAndrew S. ShoreMark A. SiverGordon A. SmithRuth E. StokesJohn A. TrotterRobert J. ValeroNora J. Wellington

1983Christine F. AvedisianRobert M. BushkoffPaula Drozdal-ConnorsPhilip H. GoldentyerPeter R. GoodlatteJune B. Jewell Melanie S. KarlinSusan E. LoganBruce G. LynchCathy W. MadairyDiane M. NastriRaymond C. NolteRosalind S. OleinikJames A. ParrishSeth H. RobbinsStacey M. RobbinsDaphne M. RozsaLinda SawyerMarion W. SimmonsBenta A. Si Marshall B. SnyderJames R. Watson Jr.Edward J. Wrzesinski Jr.Christopher G. Young

1984Judith A. AldenJonathan M. CarsonPeter R. ChabotStuart B. CohenPhillip D. CooperDonald G. DeBuckMindy A. DiamondGeorge A. GarlandJames E. GoodbarThomas K. Gra Leslie G. GreenbergCheryl P. HandelMichelle HannahsKevin J. HopmeierGerald J. Janis Jr.Robert G. JenksKaren D. JohnsonLeland G. JordanDavid L. KaplanScott KerbelKatherine W. KrentsLisa V. LeonardRichard J. LolichKathy L. MaloneyRonald A. MargulisJeanette A. McCauleyCharles I. PollackJohn SantaguidaNorman E. Schmidt Jr.David A. SharpJeffrey S. SilvermanRobert L. SmithMarshall B. SnyderLuis A. ValenciaWilliam M. Van Cleave Jr.Doris B. Vaughan

Sally L. WallaceEugene L. WaszilyM. Katherine

Waters-RobertsAnn L. Wolf

1985Robert E. AbelCharles E. AderEugenio M. ArangoShahin D. BahramiMichael A. BoorsteinRobert D. BrooksAnne E. CutrumbesTracey B. EarlyToya L. EvansFloris FlamThomas A. GutmanBarbara A. HartsfieldKenneth A. HechtBruce E. HelselStacey H. HipsmanJonathan J. HochbergLowell M. KasdenAlice Rabel KlavansRichard L. LaskinBruce A. LedererRobin K. LiebowitzAndrew M. LissJoanne E. LyonMarie Dunleavey McAuleyGlenn J. McLoughlinLloyd W. NewtonPaul A. NugentLorenzo PaceScott H. RandolphRobert A. SchmidSusan L. SelbySanford J. SelmanJudy S. ShenefieldJesse N. SmithMaureen O. SmithDavid W. SpartinArthur E. SpectorFrank L. SteinStacey J. StrumeyerStephen J. Yalof

1986Richard C. BarnettEmily L. BarrMerrill E.M. BiesadaSteven M. BraunsteinSharon L. BriskmanJeffrey D. CaulkinsM.J. ChungJohn M. CibinicAlan Brooks EmersonMartin S. GreenLeslie HillClaudia M. HogleCaryn Michelle KahnRosanne M. KellerKandy Lee-Yuen Kuo

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43GWSB 2014 INVESTORS REPORT

J. MacMichaelMarcia K. MillerMichael P. MoriartyCarl N. PettigrewRose K. QuickerPaul S. RaffenspergerSteven B. RothJames P. ScampaviaDaniel H. SerotaBrian S. ShlisselAlexandre A. SilvaMichael H. SonnabendJennifer Lynn Treger

1987Marjorie G. Ada Betty T. AllenRoy L. AppelScott E. AtkinsTamra J. AvritCarol A. BallSteven C. BlackburnEric S. Blumencranz Steven N. CaligorDavid R. CampbellSuzanne Abra Steven A. DeitzBarthold J. DelphinPenelope A. DevineSteven H. GartnerCaroline Hopper HaynesRonald A. HodgeClayton M. JonesKatja I. KjelgaardNeil LehrerRobin Karla LiebowitzPatricia E. MacgowanSusan S. MeklinskyDaniel J. O’DonnellDavid V. RosendCarolyn Schwab-

PomerantzJudy S. ShenefieldJeff SiegelKenneth J. SmithDeanna D. StewartBryan L. SudweeksLisa E. Tenebaum EhrlichCraig S. VirgilWilliam M. Weddleton

1988Pamela H. AkinRichard BaerJeffrey BirnbergAlan W. Bowen Jr.Suzanne C. BrownJayne H. ChambersDenise L. DombayCarolyn L. DrachDeborah C. FriedmanJohn J. GreerDavid S. HollandLaurie G. Hughes

George E. JonesAndrew B. LeonPietro MasciIan D. Meklinsky Sandra N. MendezSusan MickelsonHarry J. MitchellSean T. MonahanDaniel S. NewmanSharman F. PowellLinda M. RangePamela A. RechelSuzanne Levine RiceAndrew L. RosenbergNancie A. Schalk JohnsonCeleste M. SichenzePatricia S. SilvermanMarvin W. Turner

1989Mari B. AdamSteven N. CaligorDavid Samuel CarterIndranil Dasgupta Robert E. DawsonLori L. DeLoozeLisa N. Dorf-AbadJody P. EbbittMichael L. EdelmanSteven E. EstrinLynn Cantliffe EtchartSlim FerianiJanice L. FordeJose A. FragaH. Gary GabrielJoshua D. GleiberVirginia Z. GordonStephen J. GormleyMatthew P. GreenMichelle F. HarrisRobert G. IsamanJohn M. KaufmanStephen G. KliegermanHeath B. KushnickDeborah K. MeyersKathleen O’DonnellDavid V. RosendCharles K. RothTimothy J. RundCarolyn G. StienerChester G. TrybusJohn E. WagnerStephen M. WalshM. Katherine

Waters-RobertsJean A. WilczynskiAyman A.M. Zameli

1990Taisei AkutsuKathleen D. BlackJennifer Cobb AdamsAnthony A. CurtisEdward F. Dube

Jessica E. EastonHossein FatehSamuel J. GoldenbergMichelle F. HarrisJoan T. HughesTina M. JacksonTamberly L. KoenigThomas K. LeeBryant P. LehrLouise Jennings LighterPatricia Y. LoveAdam R. LubkinBrian R. MillerJonathan E. NesbittSharon Serchuk RosanoVictoria VergasonWoodrow Whitlow Jr.

1991Rebecca L. AllenMary-Louise AykentLaurie Ann Sedita BakerPeter D. BoockvarJohn Thomas Boyd IIChristopher D. CordomChristine A. Dickson Melody K. EatonSally S. ElkanMary W. GlassChristine N. GuniaPriscilla C. KarnovskyJill A. KriegerNicholas J. KuneshPing LiAngela MoralesKarl F. MosherLinda R. MuellerAllan I. NappenSally Gillespie PhillipsMichael R. PotaskiDavid V. RosendWalter F. Wright III

1992Nizar A. AbdullatifDwarak K. AdyanthayaEesh K. BansalMark C. BoettigerMichael E. CohenAnthony A. CurtisTodd J. GlassmanWilliam R. GolikeTessa C. LuceroSteven M. MountGeneva P. PhamRichard N. PlotnickWilliam V. QuinnWilliam C. Reuter Jr.Daniel SimonsThomas J. SplaineHarold L. Warner

1993J. Henry Ambrose

Willie H. Beale Jr.Michael W. BrancampSteven M. BrucknerJoseph B. Chera Jr.John M. CibinicJodi T. CohenTodd A. CopelandNobuaki EndoJonathon S. EpsteinGlenn S. GarbusLeslie G. GreenbergRichie Lee HandloffDavid Michael HarvanJames Michael HuberDavid L. ImmonenMichael L. KruppWen W. LiuBrian J. MarinoKimberly H. Matis

FriedlanderChristopher L. MillsAllan I. NappenSally Gillespie PhillipsKurt A. PierceDiane S. StrahanDouglas S. Strahan Michael E. Weintraub

1994Tracy L. BotwinickAndrew M. CapraZhihua ChenMichael E. ComeauEllen S. ConteRonald J. CorteseStephen H. CraftRaymond C. DavidsonLisa R. Dorsey-GlassPamela Charmaine

HawthorneMichael S. ManciniSusan E. MarchalRichard D. MarksWilliam A. RothwellKishore SivaJeffrey B. Wertheim

1995Adam S. BushChristopher D. CapeceJonathan D. CohnMichael J. Di RenzoAdam W. FellerBeverly Y. HessGary KeddaSonja L. KreutzigerJohn L. RamirezDonald S. ReedMarc H. SchneidauLawrence W. SchwartzBradley S. ShearRobert S. SnyderLeigh A. TaylorAung T. Win

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Lisa M. Winter

1996Mary L. AlbertMary V. Sheerin ByrneIrica A. CheeksDominick A ChelliHwahsin H. ChengMichael A. EdbergPatricia T. EvansSlim FerianiEllen K. FisherScott A. FisherRobert C. GamelKerry P. JordanStephen N. KruchkevichChih Chung LeeScott T. MatlockTimothy J. McGlinnHarry E. MooreRobert J. MosleyRoland S. MuseSteven G. NepomucenoSherrie G. PadmoreDavid V. RuddTimothy J. RundKishore SivaSuribabu ThummalaMichael A. WarchalJoy R. WhiteGregory M. Wong

1997Gabriel BraunJason A. ChautinDavid S. ChesnickJohn W. CosgriffHossein FatehSunday R. Glover-CoxJamine A. HillMary K. KienzleSeona KimAlexander J. KuesterJoshua C. SavageMarc R. WallaceStephen D. Young

1998Rachel L. BlutMichael A. BrownRyan K. CareyMichael P. ChimentoNobuaki EndoOona FeddisLisa L. FosterJohn HemmannJoseph A. HerrJ. Reade KemJerome J. LanniTanisha N. LewisLachelle A. McMillanGeorge G. McPherson

John S. PlatnerHeather A. RanckJonathan C. SadowYan SunVictoria M. SzybilloJames J. Ungvarsky

1999Susan H. BaharmastDouglas B. CaseyLinda D. CaseyKonstantina D. DariotisJohnny GeeDickinson M. Gould IIINoah IsraelDjuana E. King-WithersHyun-Jin KwonChih Chung LeeEdward E. McDowellCheri F. McGuireRobert J. Miller IIAki NakaoR. Scott NestorSharon Narson ParobeckBobbie J. PetersonCarolyn G. PotterScott C. SchlegelMatthew R. ShakerPhyllis E. SickenbergerDarren A. SkottBryan C. Stoller

Douglas S. StrahanDamon D. Williams

2000Christine L. AllenLisa A. AmosPhilip A. AuerbachMichael J. BeckermanMitchell CasarHwahsin H. ChengJohn A. Crystal IIIAaron J. DeerAlexander D. De LiancourtGeorge DimitropoulosElliot A. DowlingCarter M. EvansRobert N. Foster Jr.Jared M. GolubRichard E. GruberEun-young KimErica D. KordesLatha A. KumarTanisha N. LewisErica B. MisorekTracy E. MulliganVijay R. NayakMayumi NoguchiHeather F. NolanDaniel A. PavsekAndrew D. PerlmanAmy M. Pickerill

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Raymond H. SpringsteenEric M. StruchenLei WuStephen D. Young

2001Nathalia Y. BernardoMarcia L. BullardD’Artagnan CatellierStephen H. CraftJordan D. CzeizlerMatthew P. DohertyLawrence C. GlassbergWen GongEugene D. HahnJeffrey J. HalickLance R. HalleyBo JinJames Y. LeeAkaii K. LinebergerPraveen V. MooganurGeorge C. NieldJi M. PakDouglas F. PascarellaSteven M. PostalCarolyn G. PotterRea M. Pyle, IVPaul A. RugglesNegin ShakibiTodd A. WielockChad S. Wilson

2002Paul R. AaronClaudette M. CalderMary ChangEarl B. CohenMaria C. DasturDavid A. DeckelbaumCheryl C. DotyElizabeth N. EdelsteinJeffrey C. GeorgeJerome W. Gray IIIHeather L. HawesAmy L. HeckCatherine M. HovisValerie A. JachimowiczDaniel R. KooninDeAdrian E. MaddoxAnjelika MakeevaRandy NickersonMarc N. RampullaMelissa D. ReyesBrian S. SakalaScott M. WerthamerGail M. WoicekowskiFeng Xu

2003Darrell H. BeutelPhillip N. Brill-EdwardsYoung Cheol ChangShawn M. Costa

Michelle L. CuozzoKirsten A. DelashmuttKatharine A. DenhamErika BahnikMichael L. DiSabatinoMichael GoldbergRobert M. GriffithsScott N. HarmonBo JinLeah M. KuppersmithVarina LinRyan K. LuhmanKate J. Moll-TaylorAshley C. NickersonRoss H. Ogden Jr.Blagovest L. PetkovJustin R. PicaSaurav B. PrasadNathalie L. RothertLiesl S. SemperLori I. Silverman

2004Camilo ArboledaEliot M. BassinChristian R. BinnerAaron D. BinstockShronda BoatwrightSomender ChaudharyRonald A. Chung-A-FungJustin C. FishmanKen B. FletcherDavid A. GoldstoneChanan R. GolubPeter S. GreenbergLaura B. GreenfieldScott L. GreenfieldKatharyn S. HiebertEdward Y. KimDongmei LiJonathan A. LuwischAdam S. PerlishAndrew H. SalzmanBrian J. TaylorJerome R. WhiteKevin T. Wong

2005Jessica ArfaaOlin BiddyGeoffrey R. ClevelandSamantha B. CutlerBernadette DavisJeffrey H. FeinsteinJonathan N. FosterMichael D. HoffackerDuane C. JacksonJulie M. MuroffLauren B. ScheibleMeredith P. SegalXi SuHanani Wade

2006Brian P. BeallSteven L. BennetChristopher BevelAndrew R. BondChad E. BuermeleJames C. ChungJoseph A. CovelliJonathan HakakianKatherine R. HenningAndrew JoblonSteven E. Keating Jr.Kevin P. KlinkEdward J. LeshinskiJohn P. MaloneJohn D. PutmanStephen A. RemmesMichelle R. RigbyKevin J. RippLuAnn Hood SchmidtCatlin Andes ScottRussell S. SingerSpencer R. Smith IIILubomira A. SpassovaJeffrey S. StaggRosa E. TrevinoRajiv VermaColleen M. WatsonKimberly S. Wynn

2007Dawn A. AmoreJared A. BrownStephen A. CholetAaron D’CostaStephanie L. DeMarcoKevin A. DiSabatinoElizabeth I. FoxEdward GoldsteinKelly L. GraysonJamie J. HagerbaumerEben H. Robey HallAshley HinesJason A. HoffmanThomas R. HowardMichael J. IrelandTao JinJonathan M. KatzKarl W. Kumler Marina L. LangChristopher J. LaRocqueBrandon LeeMatthew S. LindsayStacey D. LoomisBrian Vincent MoranKatherine D. MusolinoJustin M. NeidigDouglas M. NetburnPatrick PanJai Vijay PatelStephan A. PaulJames L. RobertsonUndra Robinson II

Robert O. RodriguezMichael ScottMack L. StilesDana P. StirkWarren M. Stock

2008Mark A. ArvisaisJessica M. BrownJonathan M. ButwinJason A. ChautinMatthew R. CohenLogan M. CokerAdam R. CorneliusScott W. CrawleyPhilip M. FogelDavid B. HallRosemarie C. HammEric V. Jackson Jr.Deirdre N. JenningsSteven E. Keating Jr.Elysa R. MerlinMatthew S. MilnerHarry E. MooreKatrina C. MottDaniel J. NeubertJacob NimmerMoro O. SalifuCailin P. SousaErin M. SousaAlexandra R. ToccinXuejun WangFeng XuXiaohong ZhuLinda A. Zinn

2009Justin C. BakewellRichard A. BoghosianAnsley M. BrettKatie ChowdhryOwen L. CorneliusJoshua W. DesaiJohn L. EnglishJoshua B. FormanKatalin GaitanMedhat M. GalalConnor J. GalleryNigel GombakombaDavid M. GreskoJennifer R. HeltonCaroline J. HigdonSuzan IsazadehRobert M. JoppaScott A. LaGangaAndrew S. LeonJoseph F. MooneyChristopher S. PerrinKa Hang PunMarsha SharmaStephen E. SimmonsJoel B. SingerMichael J. Singleton

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Betsy C. SmithClay W. SochaFeinan XuMichael B. Zytnick

2010Philip M. AftuckJoshua H. AronsonFrancis X. AsencioDanielle R. BashJessica B. BigbySusan S. BivinsRodney O. BriggmanStar E. CalamanSomender ChaudharyAna CymermanAndrew H. DemseySamantha L. EisenbergJonathan D. FazioJonathan C. GarrettWendy A. GerlichPawla B. GhalebCharlie GivensTroy M. GlembotAlexander D. HaseleyYuqi HuiDana L. KesslerHossein KhajehnouriEsperanza A. KingCarolyn LeeTravis C. LevyLatoya P. LewisChang LiuMonica E. LuchiSophia L. MacksAmanda J. MarshSonya NaganathanJames R. NewboldRichard L. OurielTian QinAlexander RaflaDaniel G. RegoMary S. RichardsonEdward J. SheaDavid A. ShepardSherri D. SokolBret R. Sokoloff Mustafa UlukanCora J. Walker

Christopher M. WochokYuping ZhaoAlan M. Zimmerer

2011Sara E. AbelesKhadijah J. Al-Amin-ElIsmail A. Alemadi Jr.Katherine M. BattenJennifer M. BodieYousuo CaiMatthew R. CohenRichard V. Colligan IIIAllison E. GuttenplanPatrick T. Harms Matthew J. HoffmanStacy S. JonesAshish KumbhatMegan B. MassokMelissa M. McLaneAaron E. MenkinMilos MilosevicThais P. MoraesRichard A. Parella Jr.Ryan M. PenningerCharles J. PressnerTian QinMuhammad A. QizilbashJerry SkorpilWen Qing SunAdam J. WeilAngela C. WolfMingyu Zhao

2012Vasilios W. BakopanosRachel L. BenlisaBenjamin T. BianchiVitali Y. BrovkineMatthew C. CaseyDiana C. CohenNietta M. ConfortiMark E. DixonBrandon R. FeldmanCynthia M. FigueroaAlexander J. FruchtmanScott T. Garrett Timothy A. GildayAndrew W. Hershey

Elom K. KatakoZachary D. LevineAlexandra K. MahinkaPage W. McNallRafi D. MoskowitzJuan J. NoguerasTia NormanKofi E. QuansahSyed T. RabBrandon L. RipleyRichard G. TrohmanEmily K. WagnerAbigail N. Weinshel

2013Alexander A. AkelTan AlbayrakMariano A. AveledoRavjot S. BhasinMatthew P. BrownSean M. CliffordAdam P. ColeMykeesha C. FowlerSolana J. FruchterJoshua N. GammonBrooke L. GanesNishant GoelChristine M. HealyVarun KaraniShelby M. KimberBryan A. LambBrian D. LandauJordan E. LiedholmAndrew A. RobertsGiovanna SaffosClement Tze-Hei SinCaroline V. StuartJohn S. TambertStephanie A. ThompsonSiqu Wen

2014Adam M. BlaschAlexandra E. BonvouloirMorgan M. BoundyZiqiao ChenJi-Hwon ChoiAndrew J. Colacchio Colette H. Coleman

Reinaldo CorianoAdam R. CorneliusBrett M. DavisJacob A. DeitcherMichael A. DiLucaJared A. FischerLuis H. FranzonSamuel H. GoodmanVaishali GoyalJennifer N. GrossAlyaa A. HaidariAndrew C. HaynesworthJack B. HoltEmily R. JagerGwendolyn F. JenkinsLubin JiangZiad K. KaawanMichael D. KenigShelby M. KimberOwen T. KirbyNicholas J. KoenigerChristopher A. LavinioCarl F. LorinsSevara MallynMadeline P. MarinellaNicholas A. MarozziAlisandra O. MorisiBrooke N. NakatsukasaWilliam J. NetterwaldAndrew J. NiemczykAmy M. NixonKrisha P. PazBrian S. ReismanCarolina A. Salgado JuezAdam SamaanZachary D. SirotaJoshua P. SloanAlexandra M. SmolenEmilie C. SolomonKatie G. StrickbergerQinjiao TangEmily TranJessica J. WenXinyue ZhangZhonghao ZhangYang ZhaoAnthony M. Zirilli

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ENDOWED FUNDS

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FELLOWSHIPSBank of America Graduate Fellowship in EntrepreneurshipThis endowment fund was established in 1999 by NationsBank (now known as Bank of America). Income earned by this fund supports fellowships for graduate students working in the Center for Advancement of Small Business at the George Washington University.

General John W. Vessey Graduate FellowshipThis endowment was established in 2007 by General John W. Vessey, USA (Ret.). Income from this fund will provide support for graduate students in the George Washington University School of Business with preference given to disabled U.S. veterans.

Joseph Fleischman Fellowship in Real Estate StudiesThis endowment was established in 2007 by Julius Fleischman in honor of his father, the late Joseph Fleischman, in recognition of his accomplishments and success in real estate ventures. The income from this fund will provide an endowed fellowship that supports students pursuing an education in real estate studies and its related fields.

Marvin L. Kay Fellowship in FinanceThis endowment fund was established in 1986 by emeritus trustee Marvin L. Kay, BA ’50. The income earned by this fund provides annual fellowship awards to students. These awards are to be known as “The Marvin L. Kay Fellowship in Finance.” Recipients will be enrolled in the School of Business pursuing the Master of Business Administration degree, concentrating in the area of finance. Recipients will be selected on the basis of academic promise with due consideration given to financial need. Students may receive awards in successive years, at the option of the university, and the university may establish standards of academic performance required for the continuation of awards.

CHAIRS AND PROFESSORSHIPSThe Avram S. Tucker Endowed Chair in Strategy and LeadershipThis fund was established in 2011 by Avram S. Tucker, GWSB ‘77. This fund will create an endowed chair position that shall be used to recruit and retain an outstanding senior faculty member for the GW School of Business and will be designated at the discretion of the dean of the School of Business. This position will be filled according to the standards of the university and its implementation of best practices in the field.

Benjamin Franklin Professorship Fund A transfer of funds from the former Ford Foundation Professorship Fund in 1988 and the Benjamin Franklin University Endowment Fund in 1989 created this endowment. Income earned by the fund supports a position that participates in a joint curricular program in taxation between the School of Business and GW Law.

The Donna (Medeck) Gokhale and Julian M. Gokhale Endowment Fund This fund was established in 2013 by the estate of Donna M. Gokhale, GWSB BCS ’51, and Julian M. Gokhale. The fund will provide annual support for the Benjamin Franklin Professorship at the George Washington University (80 percent of fund distributions) and for annual need-based or merit-based scholarship support for students in the School of Business at the undergraduate or graduate levels (20 percent of fund distributions).

Dwight D. Eisenhower Professorship of Tourism Policy Endowed ChairThis endowment fund was established in 1989 by the J. Willard Marriott Foundation in honor of President Dwight D. Eisenhower. The income earned by this fund is to provide perpetual funding support for a senior professor who would provide leadership for the academic, research and public service endeavors related to the graduate program in Tourism Administration. The chair shall be designated as a professorship of tourism policy.

John D. Teller Endowment FundCreated in 1949 by bequest of John D. Teller, and added to by Mary Teller, in memory of her brother, John DuBois Teller. The fund was designated in 2004 as the match for the Thaddeus Lindner and Sergius Gambal Professorship in Business Ethics.

Oliver T. Carr, Jr. Professorship FundThis endowment fund was established in 1986 by Oliver T. Carr, Jr. Honorary Doctor of Public Service, 1998. The income earned by this fund supports a faculty position known as the Oliver T. Carr, Jr. Professorship of Urban and Regional Development. The professorship is to be based in the School of Business.

Annual interest from endowment funds provides a steady income stream to the School of Business. Endowments provide scholarships and fellowships for talented students, attract and retain the best faculty, fund breakthrough research initiatives and support innovative co-curricular programs. We are proud to recognize the individuals, families and organizations making gifts to sustain excellence at the School of Business.

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50 GWSB 2014 INVESTORS REPORT

Thaddeus A. Lindner and Sergius Gambal Professorship in Business Ethics at The George Washington University School of BusinessThis endowment was established in 2004 by A. James Clark in honor of two distinguished alumni, Thaddeus A. Lindner, BA ‘51, and Sergius Gambal, BA ‘52. The income earned by this fund supports in full or in part the salary and benefits of a distinguished professor of business who will teach, among other courses, a dedicated course on business ethics.

Tourism Administration ProfessorshipCreated in 1990 by transfer of funds from the Ford Foundation Professorship Fund. The income supports a chair in Tourism Administration.

PROGRAMSAnnette and Richard Scott Business Plan CompetitionThis fund was established in 2008 by Annette and Richard Scott. The income earned by this fund will fund a Business Plan Competition that would provide our students with the opportunity to develop critical-thinking business skills and marketable ventures. It will also strategically enhance the university’s rising reputation as an environment of entrepreneurship and enterprise.

Abdallah Family EndowmentThis endowment fund was established in 1999, and amended in 2002, by Mr. and Mrs. Mahmoud M. Abdallah. The income earned by this fund should be divided equally between the deans of the Columbian College of Arts and Sciences, the School of Business and the Milken Institute School of Public Health for the purpose of supporting undergraduate student services.

Arthur and Judith Mintz Undergraduate Leadership FundThis endowment fund was established in 1995 by Mr. Arthur S. Mintz, BA ‘66, and Mrs. Judith Mintz, BA ‘68. The income earned by this fund supports undergraduate leadership development programs for students enrolled in the George Washington University School of Business.

The Charles and Karyn Bendit Fund for Real EstateThis fund was established in 2011 by Charles R. Bendit, BBA ‘75, and The Bendit Family Foundation. Income earned by this fund will provide support for education, research, travel and co-curricular activities for faculty teaching and conducting research in the area of real estate as part of the Department of Finance. Income from this fund will also be provided to students taking courses in real estate or pursuing studies in preparation for a career in real estate in the undergraduate or graduate program in the School of Business. The awarding of these funds will be at the discretion of the dean in conjunction with the Oliver T. Carr, Jr. Professor of Real Estate and Finance. The Charles and

Karyn Bendit Fund for Real Estate’s annual income, in accordance with the university’s endowment policy, will be spent at the discretion of the dean, in consultation with the Executive Vice President for Academic Affairs.

The Richard W. Blackburn Endowed Lecture on Civility and IntegrityThis fund was established in 2013 by Richard W. Blackburn, JD ‘67. The income earned by this fund will establish and support an endowed lecture on civility and honor as part of the annual Honorloquium event for all GWSB freshmen. The lecture will invite a prominent keynote speaker to address themes related to the importance of civility in discourse and honor in business conduct.

Charles B. Thornton Business Technology FundThis endowment fund was established in 1989 from prior years’ gifts from the Thornton Foundation. Income earned by this fund supports purchases relating to technological advances with teaching and research.

Craig F. Brown Special FundThis endowment fund was established in 1991 by the estate of the late Craig F. Brown. Income earned by this fund is to be used at the discretion of the Dean of the School of Business.

Cybernetics FundThis endowment fund was established in 1985 by Dr. Stuart A. Umpleby. Income earned by this fund supports lectures, conferences and graduate student assistance related to the Cybernetics program.

Doris M. Carter Family Foundation Endowed Fund for the F. David Fowler Career CenterThis endowment fund was established in 2010 by the Doris M. Carter Family Foundation. Income from this fund will support the programs and activities of the F. David Fowler Career Center at the GW School of Business and the GW Career Center.

Erik K. Winslow and Deana and Gerald Stempler Research FundThis endowment fund was established in 1992 by Dr. Gerald Stempler. Income earned by this fund supports research in family and/or entrepreneurial enterprises.

Finance Research EndowmentThe Department of Finance established this endowment fund in 2003. Income earned by this fund is used to support programs and activities in the area of finance.

Helen Pumphrey Denit and Louis Malvern Denit Endowment FundThis endowment fund was established in 1992 by the Helen P. Denit Trust for Charitable and Educational Purposes. Income supports any purpose within the School of Business. It is the general intention of the trust that this fund endows a professorship in business in the future.

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Howard P. Hoffman Lectures in EntrepreneurshipThis endowment fund was established in 1986, and amended most recently in 2010, by Howard P. Hoffman, BA ’50 and Trustee Emeritus of the George Washington University. Current income is designated for use toward costs of lectures including, but not limited to, honoraria, travel costs, publicity and printed materials, and social events associated with the lectures, at the discretion of the dean of the School of Business. The fund was amended in 2007 to expand the designated use of the income to include direct support of students involved in the lectures and entrepreneurship initiatives approved by the dean or the dean’s designate. The student support may include, but is not limited to, prizes, competitions and awards. In 2010, it was agreed that any remaining unallocated earnings from this fund shall be used at the discretion of the Department of Management in conjunction with the Center for Entrepreneurial Excellence (CFEE) and/or the Office of the Dean or the dean’s designate for the express purpose of supporting entrepreneurship at the School of Business.

Mr. and Mrs. J. Wendell Crain Fund for ExcellenceThis endowment fund was established in 1986 by gifts of various donors, as well as matching gifts from Mr. and Mrs. J. Wendell Crain. Income earned by this fund is restricted to supporting the expanding alumni and development activities in GWSB.

John A. Owen Scottish Rite FundA bequest by John A. Owen, received in 1974, established this endowment fund. Income earned by this fund supports the School of Business.

Marion L. Farmer Special FundThe income earned by this fund will be expended at the discretion of the Dean of the School of Business to help meet the needs of the school.

Parents Campaign Philanthropy Board Endowed Fund to Support the F. David Fowler Career CenterThis endowment was established in 2010 by the Parents Campaign Philanthropy Board. Income from this fund will provide support for the programs and activities of the School of Business’s F. David Fowler Career Center.

Phillip D. Grub Faculty Endowment FundThis endowment fund was established in 1994 by gifts in honor of Professor Emeritus Phillip D. Grub. Income earned by this fund supports faculty research to expand knowledge and understanding of the global business environment.

Professor Chei-Min Paik Endowment Fund in BusinessThis fund was established in 2008 by Chei-Min and Inja Paik and amended in 2010. The income earned from this fund will provide for the recognition of achievements (such as awards and papers) in original research on accounting and other business issues by students of the GW School of Business and support other academic activities (such as research and conferences) by GWSB faculty.

Robert P. Maxon Endowment FundThis endowment fund was established in 1999 by Dorothy Maxon in memory of her husband, Robert P Maxon. Income earned by this fund supports programs in the School of Business in the area of international business.

Ramsey Student Investment Fund in the GW School of BusinessIn 2005, GW Trustee W. Russ Ramsey, BBA ‘81, and Norma G. Ramsey established this endowment fund, which is maintained separately from the University’s Pooled Endowment. The fund was established as part of the School of Business academic programming and managed by business students as part of their degree programs, with supervision by the chief investment officer of the university.

SCHOLARSHIPSAnna Wunderman FundThis endowment was established in 2007 by Dr. and Mrs. Jerry Neuwirth. This fund provides assistance, based on financial need, to an undergraduate at the George Washington University.

Carruthers Family MBA ScholarshipThis endowment fund was established in 2009 by James L. Carruthers, Jr., MBA ’80, to provide an MBA scholarship for a student enrolled in the full-time Global MBA program at the School of Business.

Christopher and Constance Young Scholarship in AccountancyThis endowment was established in 2006 by Christopher Young, BBA ‘80, MAccty ‘83. Income earned by this fund provides scholarship monies to undergraduate students pursuing studies towards a career in accountancy.

Chung Mong Jin Family Scholarship FundThis fund was established in 2011 by Chung Mong Jin, MBA ‘86. This fund will provide a need-based scholarship for an undergraduate student in the School of Business.

Daewoo Corporation Scholarship FundThis endowment fund was established in 1988 by the Daewoo Corporation. Income earned by this fund supports scholarship awards for full-time students majoring in business administration in the School of Business who are citizens of the People’s Republic of China.

Daewoo Vietnamese Scholarship FundThis endowment fund was established in 1994 by the Daewoo Corporation. Income earned by this fund shall be used exclusively to support Vietnamese citizens pursuing masters or doctoral degrees at the George Washington University School of Business. Eligibility in both masters and doctoral programs will be for candidates in the following fields of study: accountancy, finance, information systems, international science and technology, and marketing.

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52 GWSB 2014 INVESTORS REPORT

David S. Cohen Scholarship in BusinessThis fund was established in 2007 by Mr. David S. Cohen. The income earned by this fund will provide scholarship monies to undergraduate students in the School of Business.

Dean James Carlton Dockeray Memorial Scholarship FundThis endowment fund was established in 1989 by Dr. Karl E. Stromsem in honor of Dean James Carlton Dockeray. The income earned by this fund provides scholarships for full or part time graduate students working toward degrees in either finance or public administration and will be selected on the basis of financial need.

Derrel Waldroupe Memorial Scholarship FundThis endowment fund was established in 1988 by Baxter Healthcare Corporation in memory of Derrel Waldroupe. The income earned by this fund provides scholarships for financially underprivileged undergraduate students in the computer science discipline who are interested in careers in health-related professions. Eligible students may be majors in computer science in the School of Engineering and Applied Science or in management sciences in the School of Business who are interested in pursuing a career in the health professions. Alternatively, recipients may be majoring in one of the health sciences programs within the School of Medicine and Health Sciences, with a concentration in computers and management information. Recipients must be full-time students with demonstrated financial need.

Eugene Poncelet and Isabel Poncelet FundThis endowment fund was established in 1989 by Eugene Poncelet for the “Poncelet Scholarships.” Income earned by this fund shall be used for scholarships for full-time students seeking graduate degrees in the School of Business who have a demonstrated interest in the affairs of the European Union. Students who are Belgian citizens will be given primary consideration for the scholarship.

Frate Bull, Jr. Scholarship FundThis endowment was established in 2004 through the proceeds from the estate of Frate Bull, Jr. Income earned by this fund supports students in the School of Engineering and Applied Science or in the School of Business.

Gary C. Granoff and Leslie Granoff Scholarship FundThis endowment fund was established in 1986 by Gary C. Granoff, Esq., and Leslie Granoff. The income from this fund shall be used to assist students in need of financial aid to receive an annual scholarship that will help them attend the university. Awards should be made to students who will take courses in art, art history, business, accounting or who are attending the Law School.

Gene R. Cohen Entrepreneurial ScholarshipThis endowment fund was established in 1998 by the Gene R. Cohen Charitable Foundation. The income earned by this fund provides financial assistance to students pursuing entrepreneurial studies and/or funds the development of programs designed to foster entrepreneurship.

Howard Kahn Undergraduate Scholarship FundThis endowment fund was established in 2001 by the estate of Howard Kahn. Income earned by this fund supports undergraduate scholarships in the School of Business.

Hyundai Scholarship FundThis endowment fund was established in 1983 by the Hyundai Business Group of Korea. The income earned by this fund supports scholarships in the School of Business.

J. Willard Marriott Foundation Scholarship FundThis endowment fund was established in 1988 and amended in 1989 by the J. Willard Marriott Foundation. The income earned by this fund supports scholarships for students enrolled in the Tourism Administration program in the School of Business.

James B. Edmunds Jr. Memorial ScholarshipThis endowment fund was established in 2001 by Nelle Loyless Edmunds. Income earned by this fund supports two scholarships of equal amounts for full-time undergraduate students in the School of Business.

Joel D. Zychick Endowed Scholarship Fund in BusinessThis endowment fund was established in 2006 by Joel D. Zychick, BBA ’76. Income earned by this fund will provide scholarships to undergraduate students in the School of Business.

Julius Fleischman Scholarship in Tourism and Hospitality ManagementThis endowment was established in 2007 by Julius Fleischman. The income earned by this fund will provide for an endowed scholarship that will support students pursuing an education in tourism and hospitality management.

Keller Scottish Rite Scholarships and Fellowships FundA bequest of Rita H. Keller, received in 1981. Income earned by this fund supports awarding scholarships and fellowships to Scottish Rite Fellows.

Leo and Lillian Goodwin Sr. Scholarship FundThis endowment fund was established in 1986 by the Leo Goodwin, Sr., Foundation. Income earned by this fund shall be used to encourage students of exemplary potential to pursue graduate studies leading to a career in business administration.

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Lucy Kim Whitcombe Memorial Endowed Scholarship FundThis fund is established to provide annual need-based or merit-based scholarship support for GW students in the School of Business, with preference given to students who are Korean nationals or Korean-American students living in the United States.

Mary and Daniel Loughran Foundation Graduate Scholarship FundThis endowment fund was established in 1976 by the Mary and Daniel Loughran Foundation. The income earned by this fund supports scholarships for graduate students in the School of Business, or School of Law, or Medical School, who are residents of the Washington Metropolitan area.

Mary and Warren Vincent Scholarship FundThis endowment fund was established in 1998 by Mary A. and Warren H. Vincent. Income earned from the fund supports scholarship awards in the School of Business. Recipients will be selected on the basis of academic promise with due consideration to financial needs.

Memishian Student Scholarship FundThis endowment fund was established in 1998 by Stephen and Carol Memishian. This fund provides annual income to support partial tuition assistance for undergraduate students with demonstrated financial need who are enrolled in the Columbian College of Arts and Sciences, the School of Business, or the Milken Institute School of Public Health at the George Washington University.

Mintz Scholarship FundThis endowment fund was established in 1992 by Mr. Arthur S. Mintz, BA ’66, and Mrs. Judith Mintz, BA ’68. The income earned by this fund provides scholarships for full-time students enrolled in the university’s School of Business. All other things being equal, preference is given to students from the greater New York City area. Recipients will be eligible to continue their awards for up to three years, provided they continue to have financial needs and maintain a B average.

Oliver T. Carr Jr. Scholarship FundThis endowment fund was established in 1986 by Oliver T. Carr, Jr. Honorary Doctor of Public Service, 1998. The income earned by this fund supports financial awards to students in the School of Business who are studying in the field of urban and regional development. These awards will be known as “The Oliver T. Carr, Jr. Scholarships in Urban and Regional Development” and may be applied toward the student’s tuition or other educational costs.

Philip P. Friedlander Jr. Scholarship in Entrepreneurship and Small Business StudiesThis endowment fund was established in 1997 by the National Tire Dealers and Retreaders Association in honor of Philip P. Friedlander, Jr., BA ‘51. The purpose of the fund will be to provide annual income toward tuition grants for students enrolled in the George Washington University School of Business who focus on concentrations in entrepreneurship and small business studies or a related area. Furthermore, it shall be the primary attempt of the School of Business to award the Friedlander Scholarship annually to a student who will serve as a student project manager within the Center for the Advancement of Small Business.

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54 GWSB 2014 INVESTORS REPORT

Polden Family Scholarship This fund was established in 2010 by Donald J. Polden, Esq., BBA ’68. This fund will provide a scholarship for a student enrolled in the full-time undergraduate program at the School of Business.

R. John and Carolyn Dunnagan Fletcher FundThis scholarship was created by R. John Fletcher, BBA ’68, and Carolynn Dunnagan Fletcher, BA ’70. This fund will provide for undergraduate scholarships at the School of Business, with a preference for students with disabilities.

Sergius Gambal Scholarship FundThis endowment fund was established in 1988 by Sergius Gambal, BA ‘52. The income earned by this fund provides financial assistance to undergraduate students from the Washington Metropolitan area who are economically disadvantaged and thereby increases their opportunities for education and career advancement. Recipients must be full-time students enrolled in the School of Business.

Thaddeus A. and Mary Jean Lindner Scholarship FundThis endowment fund was established in 1985 by Thaddeus A. Lindner, BA ‘51, and Mary Jean Lindner. The income earned by this fund supports scholarships to undergraduate students in the Columbian College of Arts and Sciences and the School of Business. Recipients must be full-time undergraduate students. Awards may be made to students in any class, including incoming freshmen. Recipients may receive awards for second and subsequent years, provided they meet a defined level of academic achievement. This level is to be established by the university and made known to the recipient. In selecting recipients, consideration may be given to both financial need and merit. Merit may include past academic performance, but the donors desire that consideration also be given to evidence of motivation.

Thornton Washington Owen International Business Scholarship FundThis endowment fund was established in 1988 by T. J. Owen as a tribute to his father, Thornton Washington Owen. Income earned by this fund supports scholarship awards to full-time undergraduate students in the School of Business who have selected International Business as their field of instruction. Recipients will be selected on the basis of academic promise with due consideration to financial need.

Tucker Scholarship FundThis endowment fund was established in 1992 by Avram S. Tucker, GWSB ‘77. The income earned by this fund provides scholarship support for full-time students enrolled in the School of Business.

Washington Gas Light Company Scholarship FundThis endowment fund was established in 1988 by the Washington Gas Light Company. The income earned by this fund provides scholarship awards to graduate students in the School of Business.

William Charles Keller Scholarship and Loan FundThis endowment was established in 2005 by William C. Keller, BA, ‘49, and Dorothy D. Keller. The income earned by this fund provides scholarships and loans for deserving undergraduate students in the School of Business.

Lt. Colonel Norman W. Flinn, Jr. USMC (Ret.) Memorial Scholarship FundThis endowment fund was established in 2014 by Ruth E. Beardsley Parker in memory of her cousin, Lt. Colonel Norman W. Flinn Jr., MBA ‘64. This fund provides scholarship support for veterans of the United States armed forces who attended GW School of Business at either the undergraduate or graduate level.

PRIZESCharles and Florence Diehl Student Prize FundThis endowment fund was established in 1994 by Charles E. Diehl in memory of Florence Diehl. Income earned by this fund supports an annual award to a senior undergraduate or graduate student in finance.

Elizabeth B. Adams Student Prize FundThis endowment fund was established in 1986 by Mrs. Madeleine E. Williams in memory of her daughter, Dr. Elizabeth B. Adams. The income earned by this fund supports an annual prize in the Department of Management Science within the School of Business, and advances the university by enabling it to recognize particular achievement by graduates in Information Systems Management.

John Henry Cowles Prize Fund for the School of BusinessThis endowment fund was established in 1943 by John Henry Cowles. In 1985 the president approved a change in the criteria for awarding the Cowles Prize that would consider overall achievement rather than academic average alone and the prize would be available to graduate as well as undergraduate students.

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56 GWSB 2014 INVESTORS REPORT

CHAIRMANMr. Alan Davis, BBA 1982Senior Managing DirectorHolliday Fenoglio Fowler, L.P.Washington, D.C.

Mr. Richard Abramson, BBA 1981Chair Real Estate GroupCole SchotzHackensack, N.J.

Mr. Charles R. Bendit, BBA 1975PrincipalTaconic Investment PartnersNew York, N.Y.

Mr. Jeffrey S. Berkes, MBA 1993President West CoastFederal Realty Investment TrustSan Jose, Calif.

Mr. Jim Blumenthal, BBA 1978Executive Vice President and Chief Financial OfficerFirst Washington Realty, Inc.Bethesda, Md.

Mr. Peter Borzak, BA (CCAS) 1984PrincipalPine Tree Commercial Realty, LLCNorthbrook, Ill.

Mr. John B. Brod, BA (CCAS) 1973PartnerABS Partners Real EstateNew York, N.Y.

Mr. David A. Burris, BBA 1979Co-ChairmanTerra Holdings (parent company of Brown Harris Stevens) New York, N.Y.

Mr. John M. Cibinic, BBA 1986, MBA 1993PartnerBeekman Advisors, LLCMcLean, Va.

Mr. Lee Deutsch, BA (CCAS), 1996PrincipalNational GraniteNew York, N.Y.

CENTER FOR REAL ESTATE & URBAN ANALYSIS

Advisory Board

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Mr. Michael Edelman, BBA 1989Senior VP of Production ManagementBeech Street CapitalNew York, N.Y.

Ms. Carol S. Engel, BBA 1985, MBA 1988PresidentExecutive Vice President Commander Enterprises, LLC.Plainview, N.Y.

Mr. Hossein Fateh, BBA 1995, MS 1997Co-Founder, President, and CEODuPont Fabros TechnologyWashington, D.C.

Mr. James E. Flaum, Parent Managing DirectorMorgan StanleyFranklin Lakes, N.J.

Mr. H. Gary Gabriel, BBA 1989Executive DirectorCushman & WakefieldEast Rutherford, N.J.

Mr. Lawrence H. Gesner, BBA 1980PartnerVenable LLPWashington, D.C.

Mr. Joshua D. Gleiber, BBA 1989Chief Operating OfficerRockFarmer Capital Douglaston, N.Y.

Mr. Stephen G. Kliegerman, BBA 1989PresidentHalstead Property Development Marketing New York, N.Y.

Mr. Josh N. Kuriloff, BBA 1981Executive Vice ChairmanCushman & WakefieldNew York, N.Y.

Ms. Jodie W. McLean President and CIOEDENSColumbia, S.C.

Ms. Sharon Oliver, MBA 1982PrincipalMeany & OliverMcLean, Va.

Mr. Evan Pariser, MBA 1982Senior Managing DirectorHolliday Fenoglio Fowler LPNew York, N.Y.

Ms. Deborah Ratner Salzberg, BA 1975 (CCAS), GW TrusteePresidentForest City WashingtonWashington, D.C.

Mr. Brian Ray, BA (CCAS) 1994Managing PartnerABR Partners, LLCNew York, N.Y.

Mr. Stuart RomanoffVice ChairmanCushman & WakefieldNew York, N.Y.

Ms. Judy S. Shenefield, BBA 1985, MBA 1987Immediate Past President FIABCI — The International Real Estate FederationGreat Falls, Va.

Mr. Stan SloterPresidentParadigm DevelopmentArlington, Va.

Mr. Monty Thakur Director & OwnerViva GroupMaharashtra, IndiaRepresented by Mr. Jeffrey Stoddard, Chief Advisor, Viva Group

Mr. Stephen J. Yalof, BBA 1985Chief Executive Officer and Senior Executive Vice President Simon Premium Outlets New York, N.Y.

EXECUTIVE DIRECTORMr. Robert J. Valero, BA (CCAS) 1982Executive DirectorCenter for Real Estate

and Urban AnalysisThe George Washington UniversitySchool of Business2131 G Street, NW Washington, DC 20052Tel: 202-994-0920Fax: 202-994-5966E-mail: [email protected]

CHAIRMr. Christopher LeinbergerTel: 202-425-6485E-mail: [email protected]

FACULTYDr. Tom GeurtsTel: 202-994-7542E-mail: [email protected]

Dr. Robert Van OrderTel: 202-994-3427E-mail: [email protected]

STAFFMr. Patrick LynchResearch & Development ManagerTel: 202-994-5951E-mail: [email protected]

Ms. Patricia NilesAdministrative Manager Tel: 202-994-5206E-mail: [email protected]

Center for Real Estate and Urban Analysis

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58 GWSB 2014 INVESTORS REPORT

BOARD OF ADVISORS

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Mr. Justin C. Bakewell,

MBA 2009

Advisor

Brown Advisory

Washington, D.C.

Mr. Edward R. Barrientos,

MBA 1990

President & Chief Executive Officer

Brazen Careerist

Great Falls, Va.

Mr. Charles R. Bendit,

BBA 1975

Co- Chief Executive Officer

Taconic Investment Partners

New York, N.Y.

Mr. Mitchell E. Blaser,

BBA 1973 and former GW parent

BOARD CHAIRMAN

Chief Operating Officer

Ironshore Inc.

Chief Executive Officer

Ironshore Bermuda and

Iron-Starr Excess Agency, Ltd

Hamilton, Bermuda

Mr. James G. Blumenthal,

BBA 1978

Executive Vice President

& Chief Financial Officer

First Washington Realty, Inc.

Bethesda, Md.

Mr. John J. Calaman,

former GW parent

Senior Vice President/Investments

Stifel

New York, N.Y.

Mr. James L. Carruthers, Jr.,

MBA 1980

Co-founder

Sophos Capital

Menlo Park, Calif.

Mr. Kenneth B. Chaletzky,

BBA 1971

President & Chief Executive Officer

Copy General Corporation

Sterling, Va.

Mr. George A. Coelho,

MBA 1977, GW Trustee

Managing Director

Good Energies

London, United Kingdom

Mr. Matthew R. Cohen,

BBA 2008, MBA 2011

Associate

AlphaTerra Partners

New York, N.Y.

Ms. Denise L. Dombay,

BAccy 1988

Senior Finance Business Partner,

Information Technology

Marriott International

Bethesda, Md.

Dr. Slim Feriani, MBA 1989,

PhD 1996

London, United Kingdom

Mr. R. John Fletcher, BBA 1968

Chief Executive Officer & Founder

Fletcher Spaght, Inc.

Boston, Mass.

Mr. Lawrence N. Gumberg,

GW Parent

President

LG Realty Advisors

Pittsburgh, Pa.

Mr. Brian Herrman, BBA 1977

President & CEO

China-America Healthcare Partners

Wallingford, Conn.

Mr. Jonathan J. Hochberg,

BBA 1985

President

Hillview Capital Advisors, LLC

New York, N.Y.

Mr. Philip S. Hunter, BBA 1964

President & Chief Executive Officer

Hunter Associates Laboratory

Reston, Va.

Mr. Brian Landau, MBA 2013

Senior Account Director

Izea, Inc.

New York , N.Y.

Mr. Mark J. Levine, MBA 1978

Managing Director

Core Capital Partners

Washington, D.C.

Ms. Robin K. Liebowitz,

BBA 1985, MBA 1987

Founder & CEO

Rkl3D LLC

Larchmont, N.Y.

Mr. Steven M. Merdinger, BBA

1976 and current GW parent

Senior Partner

KMR LLP

New York, N.Y.

Ms. Mary M. Miller, MBA 1978

Independent Contractor

Washington, D.C.

Mr. Brian V. Moran, MS 2007

Chief Executive Officer

Government CIO

Columbia, Md.

Mr. Sean Murphy, MBA 2013

Founder

SPM Strategies

Washington, D.C.

Members in blue also serve on the Board’s Executive Committee

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60 GWSB 2014 INVESTORS REPORT

Ms. Carolyn G. Potter,

MBA 2001, BBA 1999

President

The Carrie Potter Group, LLC

Houston, Texas

Mr. Michael S. Quinn, BA 1984

Partner

Q Advisors LLC

Denver, Colo.

Mr. William V. Quinn, MBA 1992

President

Fast4ward Consulting Group

Gambrills, Md.

Mr. André R. Rogers, BS 1988

Co-Founder & Chief Financial Officer

Enlightened, Inc.

Washington, D.C.

Mr. Louis Rosenfeld, BBA 1980

Managing Director

Credit Suisse

Westport, Conn.

Mr. Steven S. Ross, BBA 1981,

GW Trustee

Senior Vice President

RBC Wealth Management

Washington, D.C.

Mr. Howard B. Rubin, BBA 1981

and current GW parent

Managing Member &

Chief Operating Officer

Midwood Capital Management LLC

Boston, Mass.

Mr. John Santaguida, BBA 1984

Chief Executive Officer

McMorgan & Company LLC

San Fransicso, Calif.

Ms. Susan L. Selby,

MBA 1985

Co-Owner

Selby Winery

Healdsburg, Calif.

Mr. Mark R. Shenkman,

MBA 1967, GW Trustee

Founder & President

Shenkman Capital Management

Greenwich, Conn.

Mr. Eduardo Stern, MBA 1984,

current GW Parent

Managing Director & Partner

Landstar Homes

Coral Gables, Fla.

Mr. Avram S. Tucker,

BBA 1977, GW Trustee

Chief Executive Officer

TM Financial Forensics, LLC

San Francisco, Calif.

Mr. George W. Wellde, Jr.,

MBA 1976, GW Trustee

Of Counsel

Goldman, Sachs & Co.

New York, N.Y.

Mr. Christopher G. Young,

BBA 1980, MS 1983

Principal

Deloitte Consulting, LLP

Arlington, Va.

Ms. Jane M.H. Zaloudek, MBA 1986

Wealth Manager, Principal

Aspiriant

San Francisco, Calif.

Mr. William N. Ziegler, BBA 1981

Founder

Ziegler Resources, LLC

New York, N.Y.

Dean’s Encore Circle

Mr. J. Henry Ambrose, EMBA 1993

Vice President,

State Public Policy (Ret.)

Verizon Communications

Washington, D.C.

Mr. John W. Asher, III,

MSA 1973 and former GW parent

Chairman & Chief Executive Officer

US China Business Solutions, Inc.

and Asher | Global Leaders

in Sales Strategies

Washington, D.C.

Mr. Roland K. Bullard, II,

BA 1966, MBA 1969

President & Chief Executive Officer

FastShip, Inc.

Philadelphia, Pa.

Mr. Thomas L. di Galoma,

MBA 1985 and current GW parent

Co-Head of Fixed Income Trading

ED&F Man Capital Markets

New York, N.Y.

Mr. F. David Fowler, Friend

Dean (Ret.)

GW School of Business

Potomac, Md.

The Hon. Mary Jo Jacobi-Jephson,

MBA 1976

Alexandria, Va.

Ms. Madelyn P. Jennings, Friend

Senior Vice President

of Human Resources (Ret.)

The Gannett Co., Inc.

Falls Church, Va.

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61GWSB 2014 INVESTORS REPORT

Ms. Victoria P. Lazzell, MBA 1980

Senior Vice President

Boston Private Bank & Trust

Company

Boston, Mass.

The Hon. Malcolm Lovell, Friend

Former Under-Secretary of Labor

Ronald Reagan Administration

Washington, D.C.

Ms. Louise Lynch, Friend

Chairman Emeritus

Courtesy Associates

Washington, D.C.

Mr. Pete L. Manos, BA 1956,

MA 1961

President &

Chief Executive Officer (Ret.)

Giant Food, Inc.

Annapolis, Md.

Mr. Daniel Mateleska, MSHA 1974

President

MW Medical Management

Associates, LLC

Cumberland, R.I.

Mr. C. Jackson Ritchie, Jr., Friend

President (Ret.)

H Street Building Corporation

Arlington, Va.

Mr. John W. Rollins, Jr., Friend

Chief Executive Officer

& Chairman (Ret.)

Aztech Software Corporation

Washington, D.C.

Maj. Gen. Kenneth L. Robinson,

USMC (Ret.), MS 1969

President & CEO (Ret.)

National Association of

Federal Credit Unions

Waco, Texas

Mr. Randall B. Roe, MBA 1977

Vice Chairman

Burns and Roe, Inc.

Washington, D.C.

Mr. Scott J. Van Hove, Friend

Vice President, Global Operations

BSA, The Software Alliance

Washington, D.C.

Adm. Ronald J. Zlatoper,

USN (Ret.), MS 1970

Chairman

The Estate of James Campbell

Honolulu, Hawaii

Page 64: Investor's Report, 2014 George Washington University School of Business

62 GWSB 2014 INVESTORS REPORT

School of BusinessOffice of the DeanDuquès Hall, 6602201 G Street, NW Washington, DC 20052www.business.gwu.edu