Haskayne School of Business to use $5M donation to start Social Entrepreneurship Centre
|calgaryherald.com 11 Sep 2019 at 20:35|
The University of Calgary will use a $5-million donation from the Trico Charitable Foundation to establish a “social entrepreneurship centre” at the Haskayne School of Business.
The centre’s philosophy will be grounded in the idea that one way to address social challenges is to use business principles. Unlike traditional philanthropy, a social enterprise makes a social impact with a business model that creates value and is financially self-sustaining.
Dan Overall, executive director of the Trico Charitable Foundation, said Trico Homes’ founder Wayne Chiu has long been intrigued by the idea of using the power of business for good. He said the idea is picking up speed globally — for example, a group of top U.S. CEOs recently made a groundbreaking statement about the future of business by saying that companies exist not just to serve their shareholders, but customers, employees, suppliers and communities.
“Increasingly, the conversations about capitalism are calling for something more than just being about profit,” Overall said.
Today’s students also have a desire for more meaning and value in their work, said Houston Peschl, instructor at the Haskayne School of Business.
“We launched our first class in social entrepreneurship this fall and it was full with a waiting list,” Peschl said. “Students want to feel like their work is also driving their personal values.”
Through the new Trico Foundation Social Entrepreneurship Centre, Haskayne School of Business will become the school of choice for students interested in this area of study, Peschl said. The Trico donation will support student experiences inside and outside of the classroom, including community-based learning, internships, curriculum and research.
The Haskayne School and the Trico Charitable Foundation also announced a partnership to bring the Social EnterPrize award to Calgary in November. This $100,000 biennial competition for leaders in Canadian social enterprise will take place on the University of Calgary campus.