McGowan Fund Selects Georgetown's McDonough School of Business for Fellows Program

May 20, 2010

Fund Partners with 10 Top MBA Programs to Award Fellowships to Emerging Leaders

Washington, D.C. – The William G. McGowan Charitable Fund has selected Georgetown University’s McDonough School of Business as a partner in a new fellowship program designed to support and inspire emerging leaders to make ethical and societal concerns part of their ongoing corporate ethos.

The McGowan Fund is partnering with 10 top MBA programs across the United States to present a fellowship to one second-year MBA student from each school who has demonstrated academic excellence by being in the top five percent of their class and social leadership during their first year of MBA studies. The award will cover the full cost of tuition for the second year of their studies. Additionally, the fellows will present a case study in business to the McGowan Fund Board of Directors at a conference each fall. Through this conference, which also will be open to alumni of the fellowship program, the McGowan Fund hopes to build a network of future leaders honoring the legacy of the organization’s namesake, who was a successful entrepreneur and founder of MCI Communications.

“We are honored that the McGowan Fund has recognized our MBA students’ potential as emerging and ethical leaders,” said Jett Pihakis, associate dean of the MBA Full-Time Program at Georgetown University’s McDonough School of Business. “This partnership is a natural fit for Georgetown’s McDonough School of Business, as we are adding courses and extracurricular activities focused on corporate social responsibility to our already strong leadership emphasis.”

The McGowan Fund Executive Director Diana Spencer said, “This unprecedented program seeks to support future leaders who can influence their companies to advance a financially viable environmental and societal agenda. Against a backdrop of failed pension funds, the mortgage debacle, and widespread job loss, it is crucial that top business leaders win for their companies and also for society as a whole.”

The 2010-2011 class of the McGowan Fellows will be announced in July 2010. In addition to Georgetown’s McDonough School of Business, the initial class of fellows will be selected from Carnegie Mellon Tepper School of Business, Columbia University Graduate School of Business, Duke University Fuqua School of Business, MIT Sloan School of Business, Northwestern University Kellogg School of Management, Stanford University Graduate School of Business, University of Chicago Booth School of Business, University of Michigan Ross School of Management, and University of Pennsylvania Wharton School of Business.

About the McGowan Charitable Fund and the McGowan Fellows Program
The William G. McGowan Charitable Fund was established to realize and to enlarge upon the potential that MCI CEO Bill McGowan recognized in young people, as well as to advance medical research and enhance the role of American business by providing young people with scholastic assistance. Its newly created Fellows Program is designed to support and inspire emerging leaders by offering full second-year tuition scholarships to one MBA candidate from each of 10 top U.S. business schools, starting in fall 2010.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 500 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.