Supporting the Work of Military Members
When six active-duty military students in the Executive MBA (EMBA) class of 2012 enrolled in Georgetown University’s McDonough School of Business in 2010, they had no idea that changes to the Post 9/11 GI Bill would lead to decreases in their tuition benefits. As they searched for the means to finish the 20-month program, they faced a delay in their graduation and the possibility of deployment during that time.
Kevin McGuire (BSBA/MSFS ’96), managing director at Goldman Sachs & Co., and Jake Hyde (C ’93), partner at Marathon Asset Management, stepped in to be of service to the servicemen. Their combined gifts funded most of the remaining tuition and fees for the program.
“My wife and I wanted to make a contribution to Georgetown, and with the GI Bill situation, this seemed to be the place with the greatest need,” says Hyde. “We hoped that our gift would give the military members the opportunity to graduate with an MBA and to propel them forward through their careers, ventures, and goals.”
With the scholarships from donors and the Executive Degree program, other tuition assistance, and military programs such as Yellow Ribbon, the students continued with their EMBA courses as scheduled, completing their international consulting project and capstone experience. This specific graduate scholarship also reinforces the university’s Generations Campaign, opening doors for active-duty military members and veterans.
“I am very grateful for the work at Georgetown to find funding for the active-duty members of the class. It was an all-hands effort from faculty, staff, and fellow classmates,” says Lt. Cmdr. (sel) Pete Murphy, U.S. Navy pilot. “Having the opportunity to meet Jake in New York City was fantastic — a true full-circle experience for all involved. It was quite clear that the donation meant just as much to Jake as it did to all of the active-duty recipients. Bottom line, it was an awesome experience, an inspirational event that will not be forgotten.”
Murphy was joined at graduation by classmates Joshua Kornblum, surface warfare officer in the U.S. Navy; Lt. John P. O’Hara, U.S. Navy; Lt. Manuel Strange, U.S. Navy; and Cmdr. Howard Wright, currently in the Coast Guard headquarters Office of Business Transformation.
Herbert Carmen, security cooperation branch head in the Office of the Chief of Naval Operations, will graduate in 2013 due to the timing of military orders. In March 2012, he returned from a one-year deployment to Kuwait, Afghanistan, and Kyrgyzstan.
“It is fantastic that we are able to help in a small way to facilitate their education,” says McGuire. “I entered Georgetown after four years of active duty in the Marines, and the university was very helpful from a scholarship and loan standpoint. It was a very successful four years — undergraduate and master’s — that started me in my career at Goldman Sachs. I am glad to see that the university is so supportive of veterans.”
Other active-duty service members and veterans still need scholarship support. To make your gift for this scholarship or campaign initiatives, contact Elizabeth Harless at email@example.com or (202) 687-0475, or Bryn Dolan at firstname.lastname@example.org or (212) 302-5685.