Oxford £4.5 Million scholarship to help future leaders
PUBLISHED: 16:14 29 October 2013 | UPDATED: 16:17 29 October 2013
The Pershing Square Foundation, founded in 2006 by American 'activist investors' Karen and Bill Ackman has launched the Oxford Pershing Square Graduate Scholars Programme in New York City. The Programme will help extraordinary individuals become global leaders and address world-scale challenges for the benefit of society.
The Pershing Square Foundation, which invests in organisations that attack the compounding roots of poverty, has endowed up to five fully funded Scholarships each year for the MBA component of the Oxford 1+1 Programme, which allows students to pair the one-year Oxford MBA with a second specialist one-year Oxford master’s programme from a selection.
The gift of £4.5m will endow the scholarships in perpetuity and the University of Oxford has provided a further £3m under the Oxford Graduate Scholarship Matched Fund, taking the total Scholarship funding to £7.5m. The first five Oxford Pershing Square Scholars will join the 1+1 MBA programme in Autumn 2014.
“The Pershing Square Foundation is committed to supporting innovative global leaders who can deliver scalable and sustainable impact while tackling important social issues,” said Bill Ackman, founder and CEO of Pershing Square Capital Management, L.P. “The Oxford Pershing Square Graduate Scholars Programme will support the world’s future leaders so they can create positive change around the world.”
“This unique programme will redefine business education and prepare students for successful careers that address issues that will challenge us far into the future. Our hope is that, over time, the Pershing Square Scholars will grow into a powerful community, supporting each other to bring about lasting social change through business,” said Professor Peter Tufano, Dean of Oxford’s Saїd Business School.
The Scholars will be outstanding young leaders and innovators who seek to address world-scale challenges for the benefit of society. The competitive programme will draw applicants from many settings, united in their focus on securing significant social impact. The selection process will identify candidates who are able to demonstrate, in part through experience, an aptitude and commitment to addressing global challenges in diverse and innovative ways.
For more about The Pershing Square Foundation, visit: http://www.pershingsquarefoundation.org/