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GENERAL OVERVIEW
The MBA Challenge for Charity (C4C) is a non-profit 501(c)(3) organization that draws on the talents, energy, and resources of MBAs from eight West Coast business schools to support Special Olympics and family-related local charities, and to develop business leaders with a lifelong commitment to community involvement and social responsibility. These goals are accomplished through volunteerism and fundraising which is fostered by collegial interaction and friendly competition. 2007-2008 marks the 24rd proud anniversary of the organization.
C4C is an umbrella organization through which each school separately fundraises and volunteers for Special Olympics throughout the school year. Each school hosts events, volunteer programs, parties, etc to raise money and volunteer participation. Schools can also volunteer with and raise money for a second charity of their choice as part of C4C.
The C4C annual competition begins at the beginning of the academic school year and finishes in April during the intramural sports events and final awards weekend at Stanford. Schools compete on a per-capita basis on volunteer hours and dollars raised for Special Olympics and each school's secondary charity, as well as final scores during the inter-C4C sports competition. The winning school is honored with the Golden Briefcase.
In 2006-2007, C4C raised over $475,000 for Special Olympics and other local charities and contributed over 11,750 hours of community service. This overall commitment to service and giving makes the MBA Challenge for Charity the largest MBA non-profit organization in the world.
During the 2007 C4C Weekend, over 1,200 business school students competed in over 25 events over the three-day weekend. USC proved victorious, breaking University of Washington's streak of 8 consecutive years as Golden Briefcase award winners.
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C4C HISTORY
C4C was founded in 1984 by Duncan O'Brien, a Stanford MBA student, in order to raise money for Special Olympics, an organization which had a tremendous impact on the life of his sister. That inaugural year, over 200 participants from UC Berkeley and Stanford business schools met on the fields of the GSB in the first C4C Weekend and donated over $3,000 to local Special Olympics chapters.
Since then, C4C has grown into a consortium of eight West Coast business schools. Today C4C includes Pepperdine, Stanford, UCLA, UC Berkeley, UC Irvine, USC, UC Davis and the University of Washington.
Since 1996, C4C has contributed over $3.28 million for Special Olympics and other local charities, as well as donated tens of thousands of hours of community service.
C4C today remains the World’s Largest MBA Non-Profit Organization.
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C4C CORPORATION
C4C is a 505(c)(3) non-profit organization, and it is managed as a corporation with an executive team and board of directors.
The Executive team consists of a Chief Executive Officer, Chief Financial Office, Chief Marketing Officer, and Head of Legal Affairs.
There are a total of 21 representatives on the Board of Directors. The Board consists of the following:
- Chairman (1 Vote)
- Chief Executive Officer (1 Vote)
- Chief Financial Officer (1 Vote)
- Chief Marketing Officer (1 Vote)
- C4C Weekend Coordinator (1 Vote)
- Two Representatives from each chapter (1 Vote per representative)
The Executive team and Board members turnover annually. The Chairman position is generally held by the previous years’ CEO in order to help with succession.
Our fiscal year is October-September and we use outside representation for tax purposes.
The MBA Challenge for Charity maintains a current set of By-Laws used to guide the Board of Directors in its decision making. These By-Laws were put in place in the mid-1990’s and the mission of the organization has been maintained since its initial charter.
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