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Toigo Foundation, Duke University’s Fuqua School of Business Team Up to Tackle Diversity

February 23, 2003

OAKLAND, CA— The Robert Toigo Foundation and The Fuqua School of Business announced today an academic partnership to provide selected minority MBA students, called Toigo Fellows, merit-based awards, support from professional coaches and mentors, introductions to internship opportunities, and leadership training to complement their MBA curriculum.

“A commitment to diversity is a critical part of every successful MBA program,” said Nancy Sims, president of the Toigo Foundation. “As an academic partner, students at Duke’s Fuqua School of Business can now become Toigo Fellows and benefit from exposure and introductions to top finance firms and corporate finance teams across the country. Our goal is to change the face of finance. With students from Duke and other top MBA programs, we are making progress.”

As a Toigo Foundation academic partner, Fuqua will nominate ethnic minorities accepted to its daytime MBA program for consideration as Toigo Fellows. Nationwide, fellows and alumni of the Foundation number more than 300, all graduates of 16 top business schools across the United States that work with Toigo as academic partners. Fuqua has attracted a diverse student body. Its 2004 graduating class of 344 MBA candidates includes 86 ethnic minorities, or 25 percent of the class.

“The partnership with the Toigo Foundation further complements Fuqua’s commitment to diversity,” said Dean Douglas T. Breeden. “The union is a logical next step in providing valuable resources to Fuqua’s minority community.”

In addition to its partnership with Toigo, Fuqua has established initiatives to support its diversity efforts including sponsoring of the Ford MBA Workshop for Minority Applicants, hosting the Leadership Education and Development Summer Business Institute and supporting the Black and Latino MBA Organization (BLMBAO). Additionally, there are a host of on-campus diversity groups, including Fuqua’s Diversity Task Force, to meet the interests of students.

Founded in 1970—and named for the famed industrialist, statesman and philanthropist, J.B. Fuqua—Duke University’s Fuqua School of Business is the youngest of the top-tier U.S. business schools. Its programs are consistently ranked in the top ten in national rankings, including Business Week, U.S. News & World Report, Financial Times, The Economist Intelligence Unit (EIU) and others. Annual enrollment at the school’s five advanced business programs, including The Duke MBA - Daytime program, The Duke MBA - Global Executive program, The Duke MBA - Weekend Executive program, The Duke MBA - Cross Continent program and the Ph.D. program currently tops 1,000 students.

Based in Oakland, California, the Robert Toigo Foundation is the premier organization supporting the ongoing advancement of exceptional minority business degree students and alumni within the finance industry through scholarships, mentoring, internships, networking and job placement. Working in partnership with the nation’s leading academic and finance institutions, the foundation seeks to foster diversity in the global marketplace and promote ethics, integrity, community service and business leadership skills through the careers of highly talented individuals. Fellows receive financial support while pursuing their MBAs; and, more importantly, are given first-hand exposure to industry leaders and career opportunities within the finance industry.