Heinrich (MBA'72) and Esther Baumann-Steiner's ongoing and generous support enabled the launch and establishment of a pioneering MBA course that brings together students from INSEAD and the Art College of Design, Pasadena, California. Heinrich and Esther's latest gift established the Heinrich and Esther Baumann-Steiner Endowed Fund for Creativity and Business, thus consolidating resources for the MBA course and its innovative learning.  The Baumanns' support provides a significant contribution to the school's commitment to innovation and teaching excellence.

"I have been interested in ways of managing creativity for many years; by suppporting INSEAD's program with the Art Center College of Design in Pasadena, California, I have been able to see many of my ideas come to life."     Heinrich Baumann

In recognition of their cumulative giving, INSEAD was pleased to welcome Heinrich Baumann and Esther Baumann-Steiner as new members of the school's prestigious Circle of Patrons.

Scholarships, a key Campaign priority, received renewed support from the Henry Grunfeld Foundation administered by the ifs School of Finance.  The ifs/Henry Grunfeld Foundation Scholarships will continue to award six individual MBA scholarships per year for the next five years.

"We have been administering  the Henry Grunfeld Foundation for 10 years now and are delighted to confirm our continuing commitment to provide INSEAD scholarships for further 5 years.  These scholarships open up tremendous opportunities for talented young professionals to have access to such a prestigious MBA programme."

                                                 Gavin Shreeve, Chief Executive, ifs School of Finance