2018

Stories related to "Rustandy Center".

conversations

A Solution for the Caring Economy

Most nights, Chelsea Sprayregen gets a good six or seven hours of sack time—no small feat for a woman juggling being a student at Booth and the CEO and cofounder of the promising startup Provide. “I don’t do anything else besides work,” Sprayregen said without a hint of regret. But, she said, “I can’t function without sleep.” On May 22, however, nerves would keep her tossing and turning all night. It was the eve of easily her most important professional moment, one that would help turn her dream into a reality: overhauling and simplifying how childcare business owners operate. The next day, along with her fellow Evening MBA students on the Provide team, Sprayregen would present to a room full of business-savvy judges (including several Booth alumni), as well as six other finalist teams competing to win the 2017 John Edwardson, ’72, Social New Venture Challenge. <br/>

conversations

A Passion for Board Service

Hosted by Chicago Booth’s Rustandy Center for Social Sector Innovation, the fifth annual On Board conference on April 13 in Chicago convened a crowd of nearly 500 Booth alumni and students, as well as business and nonprofit leaders. Attendees learned key trends in nonprofit board service, gained insight from faculty into how research and other academic tools can be applied in the nonprofit sector, and connected with others looking to make an impact in the social sector.

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On a Mission

When he arrived on vacation in Italy in 2011, Sam Porritt, ’86, was looking forward to a week of wine tasting and exploring Tuscany. But his attempt to photograph the first sunrise from the Tuscan villa where he was staying changed his life. Porritt lost his footing and tumbled off a 15-foot wall after taking the photo with his phone. “I took a step and there was nothing under my foot,” he recalled. The fall injured his spinal cord and paralyzed him from the waist down. After two hours on the ground, he was flown via helicopter to an Italian hospital for emergency surgery. He arrived back in the United States nearly three weeks later. Back home in Kansas City, Kansas, he learned what life was like in a wheelchair. Doctors weren’t sure whether he’d ever walk again. <br/>

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Investing for Social Impact

What is the purpose of investing? Until recently, the answer to that question was straightforward—to produce the highest possible return with the lowest possible risk for investors and shareholders. Many believe that’s a worthy goal in itself. In fact, superior returns on investment help university endowments underwrite scholarships for needy students and enable state and local pension plans to fund the retirements of teachers, police officers, and firefighters. But over the past several decades, a new way of thinking about investing has emerged in business schools and financial circles. It’s called impact investing. Although many argue it’s been around much longer, and the definition of the term continues to evolve, it largely means what it says. According to the Global Impact Investing Network (GIIN), it is investing “with the intention to generate social and environmental impact alongside a financial return.” Or, as a mantra commonly associated with the movement puts it: “Doing well by doing good.”

conversations

Measuring Success to Maximize Impact

Social sector organizations worldwide wrestle with one fundamental issue: How do they know they are having an impact? That’s the sector’s $64 million question, and it was at the center of an insightful and thought-provoking panel discussion. Hosted by Chicago Booth’s London campus, the event marked the Rustandy Center for Social Sector Innovation’s first visit there following the announcement of a $20 million gift from Tandean Rustandy, ’07 (AXP-6). Moderator Robert H. Gertner, John Edwardson Faculty Director of the Rustandy Center and Joel F. Gemunder Professor of Strategy, opened the event by remarking, “Nonprofits must focus on measuring impact in a way that maximizes success and induces governments and funders to make smart decisions.”

perspectives

An Investor on a Mission

If you had asked Joshua Rogers, ’15, about impact investing 10 years ago, he might have thought you were talking about the “impact” of the financial crisis on his career. Fresh out of Harvard, he had joined UBS’s investment-banking training program just in time for cracks in the system to appear. Rogers sought shelter in UBS’s equity research department, where he eventually covered . . . banks. Rogers worked under UBS’s banking analyst, Heather Wolf, who turned bearish on bank stocks before the roof fell in. He later switched to ISI Group, though he was souring on sell-side research. He wanted something more “mission-oriented,” but didn’t have connections in that area. “I thought, ‘This is not going to be a job I can get without broadening my network,’” he recalled. Rogers went to Booth to explore impact investing.<br/>

conversations

Profiting from Giving Back

Throughout a long and successful career that took him to the top of the corporate world, John Edwardson, ’72, held true to a value he learned as a child—the importance of giving back. “All four of my grandparents were active in social service work,” said Edwardson, the retired chairman and CEO of Vernon Hills, Illinois-based CDW, and a University of Chicago trustee. “Two were immigrants and none made it past the eighth grade, but they lived in small towns where people took care of each other. I learned just from being with them.”<br/>