Our Mission
The Social Impact Internship Fund supports Georgetown MBA students who accept unpaid or low-paying internships in the social impact field.
Last year, SIIF met 100% of student demand.
We are a community of mission-driven MBAs committed to driving social impact. With 200+ members, Net Impact is one of the largest and most active clubs at the McDonough School of Business. Net Impact is dedicated to Georgetown’s mission to develop principled leaders who are not only the best in the world, but for the world.
We are the Georgetown chapter of the national Net Impact organization. Learn more here.
Run by the Net Impact club, SIIF provides stipends to McDonough students with non-paying or low-paying social impact internships. Since the fund was created 12 years ago, it has offered more than $562,000 in scholarships and stipends to MBA students interning with organizations including Ashoka, The Conservation Fund, USAID, US International Development Finance Corporation, AARP, World Bank Group, and Kiva. Money raised this year will benefit students taking internships in summer 2021.
Nearly $138,000 were raised for SIIF recipients in 2020.
SIIF enjoys widespread support among the McDonough MBA student body. In 2018, over 100 students donated over $100.
20 student recipients received grants in 2020 to support their summer internships in the impact space.
By awarding stipends, SIIF allows students to pursue the career paths of their choosing and reduces the financial burden associated with unpaid or low paying internships. Grants are awarded to Georgetown MBA students based on the merit of the internship organization and project, benefit to the student’s career goals, and financial need, among other criteria. We consider three questions: is the organization a certified benefits corporation; is there a social mission embedded in the organization’s DNA; does my position directly advance the mission?
SIIF funded Andrew Miller’s internship in the Ulaanbaatar office of SGI Frontier Capital, an American private equity fund with global operations, in Mongolia. SGI in Mongolia has both equity and debt platforms, investing and helping grow Mongolian SMEs as well as on-lending from OPIC to other SMEs in Mongolia.
SIIF recipient Amanda MacDonald helped EMILY’s List—the largest national resource for women in politics—propel hundreds of women into office in 2018.
Ankita Kochhar received SIIF funding to intern at Inspiring Capital, where she researched how behavioral economics can be used to help companies better engage their employees, and how it can help clients, like American Express, get buy-in for sustainable projects (e.g. making credit cards out of recycled plastic.)
Inspiring Capital, Pact, HundrED, Overseas Private Investment Corp, US Senate Committee on Finance, USAID, To the Market, EMILY’s List, AlphaMundi Group
The Princeton Review / Read Full Article
SIIF & Net Impact would like to thank MSB Deans Paul Almeida & Prashant Malaviya for their continued support.
Net Impact is forever grateful for Karen Kouagou, our social impact career coach at MSB, who works tirelessly on our behalf.
We would also like to thank Georgetown’s Business for Impact for their commitment to building the social impact pipeline.
In addition to the amount raised from MBA students, the club is recruiting support from MBA alumni and the broader Georgetown community to further strengthen the fund and make the school more competitive with other top MBA programs that offer larger stipends for these types of internships.
GU MBA students are eligible. Applications for Summer 2021 will open in the Spring. Until then, read our recipients’ stories!
Contributions are tax deductible and are processed as SIIF-designated donations to Georgetown University.
Please contact the Georgetown Net Impact Club to request more information regarding SIIF.
