MARK NELSON: This fall, Johnson is going to be celebrating its 75th anniversary. And to mark the occasion, I'm very excited to be able to announce a program called the Drive for 75 Campaign. It's to support scholarships for Johnson students.
We have some extraordinarily generous alumni providing matching money that makes this effort, particularly impactful. So here's how it works. The way this is set up is that a donor commits to paying $15,000 a year for three years, which totals $45,000. Their donation is matched by $5,000 a year over three years, totaling $15,000. So the result is that Johnson ends up with three $20,000 scholarships to award.
Our goal is to attract at least 75 of these commitments. That translates into 225 scholarships. In total, that effort will provide at least $4.5 million in scholarship support for Johnson students. These scholarships are going to be applied to support students throughout Johnson's program-- so MBA, EMBA, MPS, you name it.
So let me take a minute to thank a few individuals who are making this program possible. First, I want to highlight the three individuals who are contributing to the matching pool. So Nels Schaenen, class of '50, MBA '51; Dave Breazzano, MBA '80; and Phil Garton, MBA '05-- actually graduate of our Metro EMBA program. And these three individuals have created the pool of match money that will then level up the contributions of donors.
I'd also like to thank three other individuals who are joining me as the inaugural donors for the Drive for 75. I do have my own name on here because, frankly, I wanted to be the first donor. I was so excited about this program. So that's why you see me there.
But then, of course we've got Dean Emeritus Joe Thomas. He and his spouse [? Marny ?] continue to give back to our community. Brian Hanse is an MBA from '83. Brian is a longtime member of our Dean's Leadership Committee. And he was excited to be among the first to help. And Jim Vlock, class of '47, MBA '48. Jim is a member of Johnson's very first graduating class. And he supported our school in many ways over the years.
I promise you, we'll hear more about this program. I won't let up on it. There's a contact person, Kristen Burke, who's, of course, really important in our Alumni Affairs Office. But frankly, if you're interested in talking about this, feel free to reach out to me. We compete to bring great people to Johnson. It's right to support them. And the goal is to attract and support more excellent students.
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Dean Nelson announces the Drive for 75 Term Scholarship Challenge. He describes this exciting opportunity to celebrate 75 years of the Samuel Curtis Johnson Graduate School of Management and support the next generation of business leaders. Scholarships established through the Drive for 75 Challenge strengthen the quality of our graduate business programs by empowering exceptional individuals to chose Johnson.