IU receives $4.8M for global business institute

Back to TopCommentsE-mailPrintBookmark and Share

Indiana University will use a $4.8 million gift from a private equity firm to create a global business institute focused on Latin America.

The Institute for Global Organizational Effectiveness in Bloomington will hand out two-year, $50,000 fellowships to MBA and doctoral students to engage in consulting and research projects with Latin America companies. Also, IU hopes the institute can serve as a hub for its MBA alumni working in Latin America.

The money to launch the institute comes from the GEO Global Foundation, an arm of New York-based GEO Capital Holdings LLC, which operates a private equity fund that focuses on Latin America. The investment firm’s CEO, Ariel Aisiks, will chair the institute’s advisory board.

“The institute will be a means of building bridges between Latin America and other economies around the world,” Aisiks said in a prepared statement.

The institute will be directed by Herman Aguinis, a native of Argentina and a professor in IU’s Kelley School of Business.

"The vision is that Kelley will be the business research and education provider of choice for Latin America 10 to 15 years from now,” Aguinis said in a statement.

The institute will fund as many as eight MBA students each year and one doctoral student every year or two. IU is helping to fund the institute with $10,000 a year.

The donation is the largest single gift to the Kelley School from somebody who is not an IU alumnus.


  • Chump change
    To put this in perspective, it costs $100,000 per semester for a student, thus basically this is equivalent to what 12 undergrads pay. Rather than raising money IU ought to be focusing on lowering their costs.

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
thisissue1-092914.jpg 092914

Subscribe to IBJ