The Harbus Foundation Performs Philanthropy on Campus

Harvard Business School’s purpose is to educate leaders who “make a difference in the world.”  The Harbus Foundation wants students to make a difference in Boston – right here, and right now.

The Harbus Foundation is a philanthropic foundation on campus; in fact, it is the only MBA-student-run foundation in the country.  With an endowment of $1.2 million, the foundation gives grants to organizations in the greater Boston area that pursue social change through programs in the areas of education, literacy, and journalism.  The foundation also strives to promote HBS student involvement in social enterprise through philanthropic giving.

The Harbus Foundation was founded in 1997 when the Harbus News Corporation sought to put to use its $700,000 surplus. After debating several options, the chair of the corporation’s board decided on the Harbus Foundation.

Since 1997, the Harbus News Corporation has traditionally given the majority of its operating surpluses to grow the foundation’s endowment. The corporation’s board also appoints one of the three EC students who together serve as trustees and leaders of the foundation.

To date, the Harbus Foundation has given over $1M to more than 400 Boston organizations. Each year, the foundation recruits members to serve on its grant teams and its investment team. While the grant teams are responsible for identifying, interviewing, and selecting promising nonprofits for $10,000 grants, the investment team is responsible for managing the foundation’s investment portfolio. All aspects of the foundation—from the trustees who oversee it to the committee that invests the endowment to the groups that award grants—are operated by volunteer HBS students.

Through our work we strive to make a positive impact on the Boston community. Our members devote their time and expertise in order to promote the socially-minded goals of excellent local organizations. In doing so, the Harbus Foundation seeks to educate HBS students on current issues in philanthropy and non-profit management. We aim to inspire a lifelong commitment to the social sector.

Join us in our work for the 2012-2013 academic year. Both RCs and ECs are encouraged to apply! We will hold our first information session on Monday, September 10th from 6:00PM to 7:00PM in Aldrich 009. Prospective grant and investment team members will be asked to fill out a short application due Friday, September 21st.Anyone interested in getting involved with the Harbus Foundation can contact Landon Dickey at [email protected] or Jennifer Vigness at [email protected].