$1 Million Endowment from Carol Lazier and Family will help Establish Center for Social Innovation and Impact and Supports Faculty at UC San Diego's Rady School of Management
In April 2014, the Rady School of Management announced the establishment of the Carol Lazier and Family Endowed Chair in Social Innovation and Impact. This $1 million endowment will help establish the Center for Social Innovation and Impact (CSII) at the Rady School. This endowment will also attract and support faculty leaders in the critical area of social venturing. Social venturing initiatives encompass domains such as education, poverty and health, and highlight the premise that the success of an enterprise is not solely measured by profits and losses, but also by its broader impact on the well-being of society.
"With this generous endowment from Carol Lazier and family, the Rady School will have the opportunity to create a lasting difference through social ventures in San Diego and around the world," said Rady School Dean Robert S. Sullivan.
At UC San Diego, state funds provide basic faculty salaries; endowed chairs created by philanthropic gifts provide chair holders with supplemental funds for teaching and research. As endowments, these funds live on in perpetuity.
"I am convinced that the Rady School students' entrepreneurial acumen applied to solving pressing social issues will result in creative and sustainable solutions," said Carol Lazier.
Born and raised in the San Francisco Bay Area, Lazier attended the University of California, Los Angeles and Foothill College. The family relocated to the San Diego area in 1994. She has been instrumental in local "startup" educational and youth mentoring programs such as Sweetwater Unified School District/San Diego State University's Compact for Success, YMCA's Turning Point and Solutions: Exploring Success Post High School. Carol currently serves on the boards of San Diego Museum of Art and Solutions: Exploring Success Post High School. Lazier and her former husband, Bill Stensrud, were instrumental in the launch of the Rady School by making a leadership gift to support construction of Otterson Hall on the Rady School campus. They made their gift in memory and in honor of the late William Otterson, co-founder and former director of UC San Diego CONNECT and a champion of entrepreneurship in San Diego.
The Center for Social Innovation and Impact will serve as the umbrella for the school's social venturing objectives and will focus on graduate-level students across the UC San Diego Campus. The center will also work closely with other UC San Diego schools on cross campus, interdisciplinary initiatives that will enhance the understanding and impact on urgent social issues.
Social venturing is not a new concept to the Rady School. Rady faculty in fields as diverse as finance, management, marketing and operations currently conduct research in areas central to social challenges, such as sustainability, poverty, health, education and social norms. The Rady School's tagline - From Innovation to Impact - reflects the faculty research, the ethos of the school and the essence of this new endowment; to further raise the social consciousness of the school and its students.