Babson College freshmen earned more than $30,000 for charitable organizations this year while learning how to plan, launch, and manage a business.
All Babson freshmen, as part of the school’s required full-year course Foundations of Management and Entrepreneurship (FME), are required to form teams, develop business plans, and then launch businesses. Each business receives up to $3000 in seed money from Babson. Students donate their profits to charity, and also perform volunteer work with the charities.
Student Business/Charity/Profit
Business: Pens 4 You -- high quality wooden pens
Charity: Natick Community Organic Farm; SASS Nepal Orphanage
Profit: $5,403
Business: Stick It -- designed and printed promotional print products
Charity: American Cancer Society
Profit: $3860
Business: BobbleME -- picture frame bobbleheads
Charity: Boys and Girls Club of Roxbury
Profit: $3,446
Business: Coffee Sleeves -- sold advertising space on coffee sleeves
Charity: Habitat For Humanity
Profit: $2,732
Business: Business Prep -- polo shirts, neckties, bracelets and necklaces
Charity: Babson Bernon Center volunteer service office
Profit: $2,686
Business: College Kicks -- animal shaped slippers with customized collegiate logos
Charity: Harvard Square Meals
Profit: $2,425
Business: Fresh Scents -- customized hanging air fresheners
Charity: Juvenile Diabetes
Profit: $1,973
Business: Envy Attire -- T-shirts and sweatshirts
Charity: Special Olympics of Mass.
Profit: $1,844
Business: Java Jolt Soap -- energy soap
Charity: Cradles to Crayons
Profit: $1,709
Business: Luxe Bathrobes -- 100% organic cotton bathrobes
Charity: Wellesley Council of Aging
Profit: $1,321
Business: Babson Stress Relievers -- Babson mascot-shaped stress ball
Charity: Boys and Girls Club of Boston
Profit: $872
Business: Project Penguins Skins -- customizable vinyl laptop skins
Charity: Friends of the Homeless of the South Shore
Profit: $565
Business: Finders Keypers – inexpensive key finder
Charity: Mission Schools International
Profit: $560
Business: Ping Pong Promotions -- ping pong balls with customizable logos
Charity: Special Olympics of Mass
Profit: $516
Business: Babson Sleepwear -- customized Babson thermal/flannel clothing
Charity: We Love the Children
Profit: $161
Business: Me-Flect -- screen protecting mirror for cellular phones and digital cameras
Charity: A Place to Turn
Profit: $140
During past ten years, Babson FME businesses have raised more than $300,000 for charities.
FME has been recognized by the United States Association for Small Business and Entrepreneurship as the number one “Innovative Entrepreneurship Education Course” in the country.
