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University of Chicago Trustee and Booth School of Business alumnus John Edwardson has given an additional $5 million gift to his alma mater to support and expand its program for social entrepreneurs, which is part of .

The newly established program will be called the Edwardson Social Entrepreneurship Program.

Since its inception in 2012, Chicago Booth鈥檚 SEI has served as a research and learning center for students, alumni and faculty who aspire to solve social, environmental and cultural problems. SEI鈥檚 programming equips students and alumni with the knowledge, network and experience needed to make an impact on their chosen issues.

Edwardson鈥檚 initial $5 million gift in 2013 funded SEI鈥檚 signature component鈥攁n annual social entrepreneurship competition called the John Edwardson, 鈥�72, Social New Venture Challenge (SNVC). The SNVC builds on the foundation that UChicago students receive by offering tailored resources and programs designed to address the areas where social enterprises diverge from traditional start-ups; it helps students explore what form their social venture should take, how to fund their enterprise and how to identify and cultivate a network of sector-specific advisors.

鈥淚 am delighted to support and expand the reach of Booth鈥檚 Social Enterprise Initiative, particularly with the proven success of the Social New Venture Challenge,鈥� Edwardson said. 鈥淚t鈥檚 clear that many Booth students and alumni, as well as other UChicago students from a variety of disciplines, are committed to making a meaningful impact on social issues, and this gift will bolster that commitment for current and future students.鈥�

Now in its sixth year, Booth鈥檚 SNVC continues to gain momentum, with some 75 companies having participated in the program thus far, and 25 of those continuing to grow, raise capital and make an impact. Notable SNVC companies include , and .

Edwardson鈥檚 gift will create a $2 million matching gift fund for SEI, and also will underwrite the SNVC to ensure continued success for current and future social entrepreneurs.

In addition to providing direct financial support for SEI and the SNVC, the gift will support co-curricular programming for students and post-SNVC ventures by expanding participation in the , which will offer funding, office space and mentorship to several social ventures each year. The gift also will provide living expenses for recent social entrepreneur alumni to help them raise philanthropic or investing capital.

鈥淛ohn鈥檚 initial support played a foundational role in allowing SEI to build successful programs that support the diverse interests of our students and alumni to address social problems,鈥� said Robert Gertner, Joel F. Gemunder Professor of Strategy and Finance and faculty co-director of SEI. 鈥淭his gift will help us expand our programs to become the destination for aspiring social entrepreneurs.鈥�

Additionally, the Edwardson Social Entrepreneurship Program would extend the reach of current programming by offering the social entrepreneurship boot camp鈥攁 crash course in launching a social enterprise for non-Booth graduate students who are interested in becoming social entrepreneurs.

Contact Booth Media Relations

Marielle Sainvilus
Director of Public Relations and Communications
Phone: 773.531.2894

Email Marielle