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April 8, 2022

Harvard Business School announces new Robert K. Kraft Family Fellowship Fund

— Fund to Enable HBS to Attract Students with Highest Potential for Leadership.

Harvard Business School

BOSTON, April 7, 2022 — Harvard Business School (HBS) has announced the establishment of the Robert K. Kraft Family Fellowship Fund, which will benefit promising young leaders with high potential but limited means to attend HBS. The fund is made possible through the generosity of HBS alumni Robert Kraft (MBA 1965), founder, chairman, and CEO of both the Kraft Group and the Kraft Family Foundation, and his son Jonathan (MBA 1990), president of the Kraft Group.

By creating the largest endowed fellowship fund of $24 million at the School, the Kraft family continues their longstanding commitment to and support of fellowship programs at HBS. The fund was first announced earlier today at an event held at the School, “Improving Opportunity through Increasing Access: A Real-Life Story and A Legacy of Educating Leaders—A Chat with Dean Datar & Robert K. Kraft.”

The Robert K. Kraft Family Fellowship Fund will make the transformational educational experience of HBS more accessible to talented students who, without financial aid, would be unable to attend the MBA program. It will specifically support students from lower socioeconomic backgrounds who are first-generation college students or from other underrepresented student backgrounds. In recognition of the Krafts’ support, the School has named the Financial Aid Office and Director of MBA Financial Aid position in their family’s honor.

“Harvard Business School has a long and proud history of educating leaders who make a difference in the world, like Robert and Jonathan Kraft,” said Harvard President Lawrence S. Bacow. “Through this extraordinary act of philanthropy, father and son ensure that more lives are transformed as theirs have been. The University is grateful for their generosity and the deep care with which they support the members of our community.”

“Being part of HBS changed my life, and I am deeply grateful for the chance to help others benefit from the transformational power of this experience,” said Robert Kraft. “Our family is proud of the extraordinary difference that our fellowship recipients make in the world.”

The Robert K. Kraft Family Fellowship Fund advances the School’s commitment to making the MBA program more affordable and accessible.

“As HBS strives to ensure that a business is a force for good in society, it is increasingly important to educate leaders who anticipate the impact of their decisions on employees, customers, and their communities,” noted HBS Dean Srikant Datar. “Having the voices of fellow students from various cultures, industries, and socioeconomic backgrounds in the classroom broadens everyone’s perspectives on the real-world challenges they will face as business leaders. We can only foster this environment through the generous support of fellowships by leaders like Robert and Jonathan Kraft.”

Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, more than 70 open enrollment Executive Education programs, 55 custom programs, and HBX, the School’s digital learning platform. For more than a century, HBS faculty have shaped the practice of business and entrepreneurship around the globe through their research, experience in working with organizations worldwide, and passion for teaching leaders who make a difference in the world.

Source: Harvard Business School

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Edited & Posted by the Editor | 11:10 AM | Link to this Post

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