University of Pennsylvania President Amy Gutmann and Wharton Dean Erika H. James announced the establishment of a new fellowship that will provide full-tuition financial support to Israeli students attending the Wharton School of the University of Pennsylvania. The Friends of Israel MBA Fund was established with a $10 million pledge from Wharton alumnus Yuri Milner and his wife Julia.
Dean Erika H. James was “thrilled by the foundation’s commitment to supporting the best and brightest MBA candidates from the Israeli community. As part of the Wharton family, Mr. Milner’s dedication to welcoming international talent advances the School’s mission to foster a diverse and inclusive student cohort benefitting the entire community.”
The Friends of Israel MBA Fund will provide full tuition for the two-year Wharton MBA program for over 60 students over the next 20 years. Israeli students who have completed Israeli military service, studied at an Israeli undergrad institution, or worked in an Israeli business will be able to take advantage of the fellowship.
Yuri Milner’s fellowship gift will give Wharton the ability to offer competitive financial aid to the best and brightest students, eliminate barriers to their attendance, and enable the students to be fully engaged in the Wharton MBA experience. Students from around the world, including those receiving funds from the Friends of Israel MBA Fund, bring their international experience which enhances the student community and eventually the Wharton alumni network and greater business community.
“As a former international student myself, I know the transformative impact that an education in America and at Wharton can have,” said Mr. Milner. “Israel, too, has been an important home for me and my family, and our bond with the country remains strong. My hope is that this scholarship will support talented individuals to look beyond the horizon and pursue their vision of what the world can be, and that the State of Israel will benefit from the expertise in business and entrepreneurship that Wharton program graduates will bring back home.”
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