Summer 2025 Newsletter
Golub Capital Announces Gift to Our Board Fellows Program as B+I Recruits Nonprofits
Nonprofit Applications due
Sun, July 13
Business+Impact (B+I) is pleased to announce a substantial expansion of its Board Fellows Program (BFP), supported by Golub Capital. Our Board Fellows Program was founded in the late 1990s and currently serves 60 students and 39 nonprofit organizations per year. During its entire 25-year history, it has placed roughly 800 UM students with 300 nonprofits. With this generous gift, Business+Impact can increase the size of the student cohort, establish innovative alumni programming, and enhance research on the program.
In the meantime, B+I is recruiting regional nonprofits in SE Lower Michigan for this program. Apply to become a nonprofit partner before July 13th. Two Board Fellows will serve as non-voting members on your board for an academic year while completing a curated project. Common projects include benchmarking, fund development strategy, board recruitment, etc. If your organization is registered with the IRS as a 501(c)(3)/501(c)(4), in or near SE Michigan, and holds at least two meetings between October and April, you may be eligible.
2025 Summer Impact Interns
This year, Business+Impact is supporting 27 students through its Summer Fund in a variety of summer internship experiences. Each summer, Business+Impact awards competitive grants for summer internships to MBAs and BBAs in the Ross School of Business as well as MPP students in the Ford School of Public Policy. MBA funding comes from Business+Impact’s Summer Fund, and from the Gordon Impact Entrepreneurship Fund, which provides support for BBA or MBA student internships with ventures or funders seeking to create societal impact.
A Visit from Skip and Carrie Gordon
On Friday April 12th, Skip and Carrie Gordon visited us and met the four scholars their scholarship fund supported this academic year: Shailee Ghelani (MBA ’25), Ashraf Jaber (MBA ’25), Yashvi Patel (MBA ’25), Alex Ricketts (MBA/MS ’25, Erb). Each received $7,500 to encourage their work in social impact.
DNEP CFO Bootcamp a Success!
As part of UM’s Saturdays in the D, the Detroit Neighborhood Entrepreneurs Project (DNEP) hosted the first of three Thursday workshops on June 5th at the New Center in Detroit. The workshop events, titled “CFO Bootcamps” cover three levels of financial management in small businesses, and run three Thursdays in June. This June 5th workshop, called “Be the Bookkeeper,” looked at accounting systems, financial statements and projections, and strategic processes for attracting investors.
Ross Events
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| Ross Women in Business: Women in Wellness Hosted by Sophia Mullins Fri, July 11 @ Noon – 1 pm Online |
Map Your U-M Journey with the Impact Roadmap
The Business+Impact Impact Roadmap (UMImpactRoadmap.com) provides you with a single location for all social impact on the U-M campus. Here you’ll find all of the events, courses, people, and key partners working to use their learning to make a real impact in the world.
At the University:
Juneteenth Celebrations
UM Detroit Center Juneteenth Celebration
Wed, June 18 @ 5-7 pm
University of Michigan Detroit Center
Ross Staff Juneteenth Celebration
Thurs, June 19 @ 11:30 am – 1:30 pm
Corner Commons, Blau Hall
Come and celebrate Juneteenth, a day of restoration, recognition, and reflection with food, fellowship, music, games, giveaways, and more!
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UM DETROIT CENTER
Empowering Citizens in Detroit
Fri, June 27 @ 4-6 pm &
Fri, Aug. 22 @ 4-6 pm
3663 Woodward Ave, Suite 150, Detroit, MI
Join us for a dynamic, hands-on two part workshop designed to equip residents with the knowledge, tools, and confidence to actively participate in shaping local governance.
In the Impact Community:
D-Prize
Extension Deadline
Sun, June 29
Can you design a new business or NGO that delivers a proven poverty intervention at scale? Submit your design for a new organization that solves one of our Distribution Challenges below. We will award the most promising teams with up to $20,000 USD to launch their new organization wherever extreme poverty exists. Challenges include Health, Water, Education Agriculture, Livelihoods, Energy, and Public Services.
Centering Justice
Fri, June 27 @ Noon – 1:30 pm
Online
Through engaging conversations with guests, practical resources and tools, and sharing experiences, participants will leave with skills, strategies, and courage to challenge oppressive systems.
Bamboo Events
Black-Owned Business Market – June 18
Hustle Society Detroit – June 27, July 25
Community Coworking Day Detroit – July 8
Community Coworking Day in Ann Arbor – July 9
Join us at our next event and expand your network. You are also welcome to host a meeting space or event in Detroit, Royal Oak or Ann Arbor.
Concert of Colors
July 16-20
Detroit Institute of Arts
Concert of Colors is a free family-friendly event located indoors and outdoors at the Detroit Institute of Arts with musical performances at Metro Detroit’s cultural institutions. “Get up, stand up, stand up for your rights!”
Certified Nonprofit Professional Track
A 6-month facilitator-led cohort designed to move social sector leaders to their next level of leadership. The cost of $1,800 includes tuition, all course materials, a complimentary ticket to Elevate – a virtual conference for social sector leaders, access to the learner profile portal, networking opportunities with a 12k-strong community, and a digital badge.