With thanks to all who have invested in INSEAD for the next generation

From the Chairman
of the Campaign Board
People are always asking me why I care so much
about INSEAD. And I’m still giving the same
answer. For me it’s all about making the world
a better place. The school takes in talent from
all over the world and sends it back out again,
imbued with its values of multiculturalism,
tolerance and entrepreneurialism and sharpened
by the very best in business education. The people
who emerge from INSEAD have the ability and
self-belief to make a difference. They use their
talent to make organisations and economies grow.
And this has been taking place for almost exactly
50 years now, which provides an added thrill.
As one of the first generation of INSEAD graduates
it gives me such pleasure to see that subsequent
generations are even more successful and now
giving back much more generously and in greater
numbers than we were able to do. As an early
investor in the school, I feel part of a virtuous
circle, leading to ever greater achievements.
History matters. And to be making it by contributing
to INSEAD is tremendously satisfying.
That’s why I personally am so proud of INSEAD
and why I give back to the school. While different
supporters have very different reasons and
contribute in different ways, I’d like to offer the
same thanks to all. INSEAD would not be where
it is today without you.
Michael Butt MBA ’67
Chairman, INSEAD Campaign Board
6 7
The INSEAD Campaign
The INSEAD Campaign is the current focus for
all of INSEAD’s fundraising efforts. Launched
in October 2004, with a target of reaching €200
million by the end of the decade, the Campaign
surpassed all forecasts by raising €167 million
by January 2007.
While major, one-off gifts from individuals,
companies and foundations account for the bulk
of that total, a significant proportion comes from
our three annual funds, which encourage regular
giving from alumni and corporate partners:
— the INSEAD Alumni Fund (pages 14 to 20)
— the Corporate Affiliation Programme (page 22)
— the Taxe d’Apprentissage for French
companies (page 22)
Achievements to date
Your support has already vitalised key areas such
as scholarships, research and infrastructure.
INSEAD now has 46 named MBA scholarships
to attract the best and most diverse candidates
to the school. In the academic year 2005/06, 207
recipients benefited from INSEAD scholarships.
We have also been able to introduce additional
scholarships for PhD students, enabling some of
tomorrow’s leading business academics to spend
an extra year at INSEAD – and giving the school
a competitive edge in its quest to attract talent.
It is also thanks to your gifts that our research
remains consistently ranked number one for
business schools outside the USA – and within
the global top ten. This is an extraordinary
achievement for a school with no government
support and a comparatively modest endowment.
The school now boasts 15 Centres of Excellence,
five of which relied on donors for their creation,
and 31 Chairs, nine of which were inaugurated
as a result of the current Campaign.
Our most significant phase ever of campus
renovation and new building is now drawing
to a close. Again, this would not have been
achievable solely on the basis of operating income
and borrowing. Your generosity enabled the
opening of the Plessis Mornay Learning Space
on the Europe Campus, inaugurated in 2004,
and the extension of the Asia Campus, completed
in 2006. It is also transforming the buildings
in Fontainebleau, where renovations are
approaching completion.
Even more significantly, donations have enabled
our infrastructure to stretch beyond our campuses.
We now have a regional research centre in
Caesarea in Israel. This will soon be followed by
two further regional centres in India and the United
Arab Emirates (see page 8). Indeed, the ambitious
centre for research and executive education in
Abu Dhabi is probably one of our greatest
achievements of this Campaign.
This Campaign has also been marked by a gradual
shift from corporate to individual giving. During
the first INSEAD Campaign, which ran from 1995
to 2000, the ratio of corporate to individual giving
was 70:30, with only 9% of the total coming from
alumni. Currently the ratio is closer to 50:50, while
25% of our total is accounted for by alumni gifts.
This represents a significant achievement for
INSEAD – not just in terms of fundraising, but also
as a symbol that we have come of age. That so
many of our former participants are able and
willing to give so generously, is undeniable proof
that the school has produced a generation of
committed business leaders, who believe in
supporting INSEAD’s future.