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September 12, 2006
STANFORD GRADUATE SCHOOL OF BUSINESS—Silicon Valley venture capitalist Bill Draper has made a gift of $1 million to the Stanford Graduate School of Business to support the School's Stanford Social Innovation Review. The three-year-old journal is a publication for practitioners who are interested in achieving social change through organizational management.
Draper made the gift in honor of the 40th birthday of his friend and business partner Stanford Business School alumna Robin Richards Donohoe, MBA '94.
To determine the best use for the gift, Donohoe worked with the Draper Richards Foundation, of which Donohoe is a director along with Bill Draper. The gift was designated to the Review. "We believe that dedicated, talented leadership is the essence of social change," said Jenny Shilling Stein, MBA '99, executive director of the Draper Richards Foundation. "The Stanford Social Innovation Review is an important publication that presents the best in research and practice-based knowledge to help emerging leaders be more effective agents of social change."
"I am thrilled that this gift from Bill will support the Review because we want to see the great ideas in the field of social innovation put into the hands of practitioners who bridge the corporate and social sectors," said Donohoe, who also serves as a member of the Graduate School of Business Trust.
"Without Stanford there would be no Silicon Valley," said Draper. "We are both delighted to have the opportunity to help in a modest way the Stanford Social Innovation Review. Moreover, we encourage others to do the same. We are all so very lucky to live here and have this great institution as our neighbor that it deserves the best support we can give it."
The Stanford Social Innovation Review is part of the Center for Social Innovation at the Stanford Graduate School of Business. Through thought leadership, student programs and engagement, the Center's purpose is to strengthen the capacity of individuals and organizations to develop innovative solutions to social problems. The Center also aims to dissolve boundaries and promote the exchange of ideas and values across sectors, across disciplines, and between theory and practice.
"This generous gift is a remarkable commitment to the notion that communication and accessibility of new ideas are essential to the development of creative solutions to important problems," said Kriss Deiglmeier, executive director of the Center for Social Innovation.
The Review, launched in 2003, is part of the Center's effort to create a vibrant community of people who are actively engaged in building a more just, prosperous, and sustainable world.
For more information on the Review, related blogs, and the podcasting channel Social Innovation Conversations, go to www.ssireview.org.