The Stacia L. Wood Social Impact Summer Grants is intended for students enrolled in the Full-Time MBA Program at UNC Kenan-Flagler pursuing either domestic or global internships during the summer. First and second-year students are eligible, but priority will be given to first-year students. Students enrolled in other Kenan-Flagler programs (BSBA, MAC, non-full-time MBA) are encouraged to apply, but decisions will be made on a case-by-case basis.
The employing organization may be:
Nonprofit organizations (501(c)(3)), public sector organizations, or nongovernmental organizations (NGO)
Social purpose businesses (revenue-generating businesses operated by a nonprofit that directly serves the mission of that organization)
Social Venture Capital or Impact Investment firms
Mission-driven sustainable/social start-ups
B-Corp certified companies
- Based or focused in the U.S. or abroad
Organizations may not have the promotion of a particular political party or candidacy as its core mission and may not be primarily religious in nature, although they may have a religious affiliation.
CRITERIA & SELECTION
A committee will analyze the applications received and determine the stipend amount to be granted to each applicant. The committee will be formed by a representative from the Center for Sustainable Enterprise, the Full-Time MBA Career Management Center, the Advancement Office, the MBA Net Impact Chapter, and previous SISG award recipients.
In making fund disbursement decisions, the committee will also consider the following:
Does the organization provide a clearly defined public benefit or service?
Is the internship well-defined, with adequate supervision and clearly specified deliverables?
Will the internship require skills and knowledge consistent with an MBA education?
Does the sponsoring organization have financial need, and has the organization made a sufficient commitment to the program by funding the internship to the maximum of its ability?
The Stacia L. Wood Social Impact Summer Grant (SISG) will give a stipend of up to $5,000 in total compensation or $500 per week for up to ten weeks. The amount awarded per student is dependent upon the organization’s contribution to the student’s salary and the availability and demand for funding.
Students will be required to submit their final project deliverable or report and a brief testimonial after the completion of their internship. In addition to serving on the SISG Committee the year following their summer internship, SISG recipients are expected to be actively engaged in promoting and building awareness for the program during their second year.