Business+Impact awards competitive grants for summer internships to Ross and Ford School masters students and BBA juniors. Only internships served prior to graduation from U-M are eligible (students must graduate no earlier than the December following their summer internship).
The Center also understands that beyond internships there are other formats for delivering impact during the summer. As a result, students can apply for funding to support their endeavor if it does not fit the traditional internship format.
Summer Fund Program Overview
Business+Impact currently supports funding for internships with social impact organizations. Graduate internships must be at least 10 weeks in length and total available funding (including any that the initiative supports) must not exceed $14,000. Total available funding (including any that the initiative supports) for BBAs must not exceed $7,000 for 10 weeks. Eligible organizations can be a nonprofit, government, or clearly-defined social enterprise.
Accepted students are awarded up to and average of $2,000 each to defray costs associated with their internships, including those with a limited stipend and with organizations anywhere in the U.S. or abroad.
** Applications for Summer 2018 have closed **
The majority of MBA funds for self-directed internships are donations made by members of the prior MBA class through the student-led Give-A-Day Fund. Members of the MBA class donate a day of their regular salary in order to support those who have pursued social impact internships. A student board manages the Fund and runs the fundraising process.
Through the support and generosity of their classmates, students pursuing social impact summer internships are able to make a difference across the country and around the world.
OTHER SUMMER FUNDING OPTIONS
If a student would like to create their own summer experience delivering social impact, they are also eligible to apply for funding through the Summer Impact Fund. Examples could include:
- Launching a social enterprise (preference is given to those participating in the Social Impact Track of the Michigan Business Challenge)
- Self-designed consulting project
- Apprenticeship with a social entrepreneur
In addition to applying, students must submit the following items:
- Amount requested
- Description of project
- Proposed deliverables
Please note that we do not support courses, field placements, part-time activities, or projects that are undertaken for course credit. If you are uncertain if your internship or other summer project is eligible for the Summer Impact Fund, contact the initiative staff at email@example.com.