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Nonprofit management center receives two key gifts

The Center for Nonprofit Management at Kellogg has received two significant gifts to support its mission.

The Collins Family Fund provides $1 million for the endowment of the Loan Assistance Program at Kellogg, while the Chauncey and Marion Deering McCormick Foundation provides seed funding to establish executive education programs for nonprofit practitioners taught by Kellogg faculty at the Chicago campus.

Kellogg established the Public/Nonprofit (PNP) Management Loan Assistance Program in 1995 to provide loan repayment funds to Kellogg graduates working in the public or nonprofit sectors. The grant from the Collins family enables Kellogg to endow the program permanently -- a boon to graduates who want to work in these sectors yet have substantial educational loans to repay.

As Professor Don Haider, director of the PNP Program says, "Loan assistance is a critical competitive advantage that Kellogg offers, because the salary disparity between the nonprofit/public sector and the private sectors has grown geometrically."

Says Ron Collins �98, "The Collins Family Foundation is proud to be affiliated with Kellogg�s PNP program and the graduates who are bringing their managerial skills to the public and nonprofit worlds. We feel strongly that it is critical that student loans do not prevent graduates from entering their preferred profession."

The McCormick Foundation grant enables the center to initiate executive education programs directed at senior nonprofit managers. It brings together the resources of a world-class academic institution with a newly renovated facility and the enthusiasm of nonprofit practitioners. Courses begin this fall and are open to nonprofit executives.

Bruce Newman, chair of the center's advisory board notes, "Kellogg has a history of success in executive education. This is a wonderful opportunity to share that expertise."

--Matt Golosinski

©2001 Kellogg School of Management, Northwestern University