Innovator Article

$10,000 Raised in One Day
Directors Top Herbst Foundation Matching Grant Challenge

With The Campaign for UC Davis in full swing, the Graduate School of Management Alumni Association’s board of directors has made a significant leadership commitment to help the School meet its $25 million goal.

When the board held its first meeting of the fiscal year in August, the directors were presented with a challenge from the San Francisco–based Herbst Foundation, Inc., which offered to match a portion of the directors’ gifts raised that day. The 13-member board rallied to pledge $5,625, and upon hearing the good news, the foundation increased the matching grant from $1,500 to $5,000, bringing the total raised to $10,625.

Herman and Maurice Herbst established the foundation in 1961 as part of their long-range estate planning. The foundation focuses on providing funds for tax-exempt organizations in San Francisco, including support for art and performance endeavors, hospitals and education.

“We are grateful to the Herbst Foundation for recognizing the value of supporting the Graduate School of Management and spurring our alumni board to match their generous grant,” said Roberta Kuhlman, the School’s director of development and alumni relations.

“The alumni board is committed to increasing participation in the Annual Fund and overall giving to the School,” said Phoebe Cameron ’98, chair of the board’s fundraising committee. “Our goal is to boost participation in the Annual Fund from 11 percent last year to 15 percent this year.

“Every top business school relies heavily on alumni for support, and the Graduate School of Management is no different,” Cameron said. “We want to surpass our track record, and meet or beat our peer University of California business schools and other top-tier MBA programs. Thanks to the board’s leadership gifts, we are off to a great start.”

Cameron and her board colleagues have engaged 22 class agents to raise the bar on giving from their fellow alumni and achieve this year’s fundraising goals. “As alumni, we all owe a debt of gratitude to the GSM, and one very important way to show this is by contributing however we can,” Cameron said.

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