CBA Brilliant Futures Campaign Invest in the CBA
We are becoming recognized for our interdisciplinary focus on innovation and entrepreneurship. We are merging internal strengths in entrepreneurship, new venture creation and interdisciplinary product development with technology innovation, and partnering with leading Chicago institutions such as the Chicago Mercantile Exchange and the Chicago Board of Trade.
Distinctive programs are creating unique learning environments and career opportunities for our students. Our faculty applies innovative academic research to critical business problems to engage Chicago's business community in our teaching. Our urban location enables us to foster strong partnerships with start-ups, family businesses, corporations, foundations and agencies, to develop the leadership potential of our students and enhance the economic and social environments of Chicago.
The College of Business Administration offers undergraduate majors in accounting, economics, finance, information and decision sciences, entrepreneurship, management and marketing. The Liautaud Graduate School of Business offers master's degrees in business administration, accounting, management information systems and real estate. It also offers doctoral degrees in business administration and management and information systems.
The College of Business Administration has an extraordinary balance sheet as it moves beyond tradition to strengthen partnerships in Chicago and the world beyond. The college is committed to providing accessible and excellent education, producing cutting- edge research and creating new business value.
Innovation permeates our college in research learning, interdisciplinary courses and new product development and marketing. Our strategic initiatives reflect our commitment to creating an environment that teaches and nurtures innovation:
- New venture creation: new businesses for Chicago and the world
- New product development: creating or re-creating products and technology
- International Center for Futures and Derivatives: creating research, knowledge and partnerships in this field
We are building a brilliant future, firmly rooted in success.
- Entrepreneur magazine and The Princeton Review in 2006 named UIC's undergraduate entrepreneurship program among the top 10 in the nation.
- Crain's Chicago Business ranked the Liautaud Graduate School of Business MBA program 4th in the city among programs accredited by the international Association to Advance Collegiate Schools of Business.
- For two consecutive years, interdisciplinary teams of MBA students dominated local and national business plan competitions with their startup concepts, which include: SanoGene Therapeutics and OrthoAccel Technologies Inc. OrthoAccel has since merged with a new venture development company.
- The International Center for Futures and Derivatives has captured attention globally as the CBA partners with the Chicago Exchanges to understand established markets and issues related to developing country markets, particularly in Asia.
- CBA graduate accounting students received the highest pass rate for the 2006 CPA exam among Illinois business schools with graduate accounting programs. More than 52% of the CBA graduate students who took the exam passed all four parts
- U.S News & World Report in 2006 ranked the CBA's undergraduate entrepreneurship, finance and accounting programs in the top 30 in the U.S.
- CBA's undergraduate program is the largest in the Chicago area.
- CBA has the largest MBA program in the U.S. for managers from China
Our campaign goals include but are not limited to:
Invest in the CBA
Campaign Funding Priorities
Douglas Hall, a new learning environment for business students:
Our Brilliant Futures campaign envisions redesigning and remodeling Douglas Hall to provide a dedicated, state-of-the-art home for the CBA. While UIC fees will partly fund the new CBA home, alumni and friends are being counted on to help finance improvements in the existing facilities and create a new space where students and faculty can study, learn, teach, conduct research and interact.
Our goal for Douglas Hall is $3.2 million.
Spires of Excellence
Centers and Institutes: As we realize our strategic plan, we will distinguish the College of Business Administration by our leadership in the cross-disciplinary study of vital topics. We call these Spires of Excellence. Particularly, we will focus our ingenuity and resources on the International Center for Futures and Derivatives, the Institute for Entrepreneurial Studies and Technology Commercialization Center TC2.
Our goal is $15 million, ($5 million for each of these center's endowments.)
International Center for Futures & Derivatives
The International Center for Futures and Derivatives was established in 2006 through a gift from the Chicago Mercantile Exchange Trust. The center is quickly becoming a global source for collaboration, scholarship, quality education and cutting-edge, innovative research on futures and derivatives.
The ICFD is actively fostering research and learning about the role of futures and derivatives financial products in global commerce. The role of futures and options in asset management is being researched and disseminated via formal seminars, meetings and papers. The ICFD is initially focusing on China. The center has been actively leveraging its extensive connections and reciprocal partnerships between UIC and China to create opportunities for engagement and research. ICFD will expand on this leadership position to reach out to other areas of Asia, and eventually, other emerging world markets.
The ICFD has four primary objectives:
- Foster research, education and innovation in futures and derivatives<\li>
- Leverage existing connections between UIC, China and Chicago's financial exchanges<\li>
- Promote a greater understanding of the role futures and derivatives play in risk management and economic growth<\li>
- Prepare students for successful careers in futures and derivatives<\li>
Institute for Entrepreneurial Studies
Our primary goal is to deliver the highest quality education and, through academic research, expand the knowledge base of entrepreneurship. This will be achieved by attracting an expanded world class faculty, enhancing curriculum, taking entrepreneurship into all areas of the university, fully and systematically engaging leading entrepreneurs through our students and faculty, building industry-specific entrepreneurship centers, and leveraging the strength of our diversity, our expertise in international entrepreneurship and our Chicago presence to attract more entrepreneurship students.
Objectives of the center include:
- Technology, Financial Services, and Arts entrepreneurship centers as the first of several new industry specific e-centers
- A new student business incubator
- An Entrepreneurship Hall of Fame Society that will support teaching, research, programming and development interests
- Outreach to successful entrepreneurs nationally and internationally through creative new programs
Technology Commercialization Center (TC2)
In accordance with UIC's strategic goal to translate discovery into application, practice and the marketplace, the CBA aspires to become an internationally recognized leader in research, teaching and practice related to technology venturing (e.g. launching technology-based business startups). The primary goal of this center is to provide an unequaled learning experience for interdisciplinary teams of UIC students. A secondary aim is to launch sustainable business ventures that will commercialize UIC-owned technologies and thereby offer attractive career options for our students and alumni, as well as, contribute to the economy of Chicago and the financial goals of the University.
This program builds on key strengths of the CBA in entrepreneurship-a program that has received numerous prestigious awards and been consistently ranked among the best in the nation. It also builds on the proven ability of UIC technical faculty to invent technologies with commercial potential-particularly in the life sciences and engineering.
Chairs: Outstanding faculty and students reflect the quality and diversity of UIC. We want to ensure that future students will encounter faculty of this same stature and diversity. One way is to seek funding to establish endowed chairs that help the college attract, retain and recognize the best of our faculty. The college currently has one chair in entrepreneurship. We hope to acquire four additional chairs in economics, managerial studies, finance and entrepreneurship. We endeavor to establish chairs that cross disciplinary lines for a broad impact.
The goal for endowed chairs is $8 million ($2 million per chair)
Visiting Chairs and Professorships: As a top urban research university and one of the nation's top educational institutions, we are attractive to scholars and students alike. However, it comes at a cost. We need private resources to bring in outstanding teachers and researchers in short time-frames as "visitors" from other academic institutions or organizations. We also want to increase that number of professorships through the Spires of Excellence program. One step is to create endowed professorships in entrepreneurial studies, finance and managerial economics.
The goal for endowed professorships is $2 million ($500,000 per professorship)
"I believe an essential element of success is the support of individuals, and in some cases, organizations. For me the opportunities to learn and develop contacts at Navy Pier were significant. Too often, one doesn't get the chance to say thank you. Working with the CBA gives me that chance, and it feels great to do so."
Dan Fensin
Managing Partner
Blackman Kallick Bartelstein
Unrestricted Endowment: The life-blood of most not-for-profits is the endowment, which reduces financial vulnerability while paying for necessities. In addition to the several specific endowment needs already discussed, Dean Stefanie Lenway hopes to establish an unrestricted endowment to provide for unanticipated but equally important purposes. To achieve our goals of becoming an educational leader in new product and new business innovation, we must have access to "educational venture" funds. Income from unrestricted endowment can provide the sustainable support and flexibility for the dean to invest in innovative educational opportunities.
The goal for the unrestricted endowment fund is $200,000.
"As an active alumnus I see firsthand how my annual gift provides opportunities for the College of Business Administration and its students. I invite my fellow alumni to join me in making an annual gift to help the CBA continue to attract a diverse student body of future leaders who will bring critical skills and perspectives to our workforce. I don't believe I would have been able to go to college if it were not for the UIC option."
Marion "Mac" Gajek
Partner-Midwest Deputy Managing Partner
Deloitte
(Deloitte is a UIC Corporate Partner)
Annual Giving: This is critical to our future. Strong income and participation from the annual giving program increases the college's chances of fulfilling many of its objectives. It is significant beyond even the dollar amounts. These funds help us with the growing need for current-use funds for scholarships, fellowships, special events and faculty initiatives. A healthy and consistent annual fund can be viewed as a "living endowment" for the college.
The goal for this program is $150,000.
"In supporting UIC, I'm helping a very special institution. It is a university that provides not only an excellent education but also a learning environment that sparks a desire in individuals to become life-long learners. Getting to work with faculty who served as caring mentors to me, like Professor William Grampp, and gaining experience in leadership by being involved in student organizations enriched my life in many ways. I am a better person because of UIC and all the opportunities it made possible for me. The least I can do is give back even a little to a university that gave me so much".
Jim Doti
President
Chapman University
Fellowships and Scholarships
Graduate and Post Doctoral Fellowships: Increasing funding for fellowships is a top priority for the CBA. Fellowships are critical for maintaining faculty quality and retention, recruiting top graduate students, guaranteeing the quality of teaching for undergraduate students and maintaining strong research enterprise. New endowments provide fellowships or enhance existing fellowships to attract the best graduate students. The target areas for these fellowships are entrepreneurship, finance, new product development and marketing.
The goal for fellowships is $900,000 ($150,000 per fellowship)
"For almost a decade I have had the privilege of being a guest lecturer in the Executives in the Classroom series, and was honored to deliver the convocation address for the College of Business Administration in 2002. What a delight it is to witness first-hand the motivation and enthusiasm of CBA students. Their spirit is superb, and I applaud UIC and the CBA for fostering a great learning environment."
Scott Gordon
CEO, Rosenthal Collins Group
Former Chairman, Chicago Mercantile Exchange
Undergraduate Scholarships: These scholarships allow alumni and friends to contribute smaller amounts toward UIC's Access to Excellence. They also allow the college to maintain and increase the diversity of our student body and provide opportunities for those most deserving, regardless of background or financial status.
The goal for scholarships is $200,000 ($25,000 per scholarship)
Executives in the Classroom
J. Fred McLimore had been an executive vice president at Ralston Purina before he first stepped into a UIC classroom. He lectured students about what it's like in the real world. After he joined the faculty he proceeded to develop one of the CBA's most distinctive courses - "Executives in the Classroom." In his more than 20 years on the CBA faculty, he generated enthusiasm among students and visiting executives alike. In addition, he started an international student exchange program that allowed CBA students to work in other countries. He invited groups of students to his home Sunday nights to rehearse their presentations for class in preparation of the lecture of a visiting executive. On three occasions, he was awarded the Silver Circle Award for Excellence in Teaching.
"Many of Fred's students have given to this scholarship fund," said McLimore's widow, Dr. Shirley Roy. She matched the amount to create the $25,000 endowment.
"I know the struggle - I had it myself," Roy said. "So did my husband."
Scholarships allowed her, the first generation in her home, to attend college all the way through medical school. "I feel for the students at UIC."
"It is just paying back some of the kindness shown when I was going through school," she said. "We also have a responsibility to help those who are struggling as we did."
Grants: Since CBA is recognized as a preeminent research institution, the college will continue to seek outside grant support for research and programs from such sources as corporations and foundations. In cooperation with central development's corporate and foundation staff, we will plan strategies to continue or renew support and to identify new funding sources.
The goal is $2.5 million for this program.
The total private investment sought for this campaign is: $34 million dollars.
Dean Stefanie Lenway:
"Our nationwide reputation as an urban research institution is firmly established and our commitment to create new knowledge, new business, new leaders and new value for Chicago and the world beyond remains strong. Please support our Brilliant Futures campaign today."

