Through the generosity of Donald J. Douglass P'87 and the Douglass Foundation, a business plan competition for MBA students was established in 1987. Donald Douglass sponsors similar awards at selected colleges and universities around the United States. The prizes are awarded to the graduate individual or team that submits the most feasible business plan in any of the following areas: start-ups, acquisitions, company growth, real estate development, and entrepreneurship. A panel of judges consisting of entrepreneurs, venture capitalists, and local business people evaluates the business plans and listens to finalists' presentations.