A Commitment to Our Community
At Babson, we believe in educating our students to create sustainable economic and social value everywhere— and we believe in practicing what we teach. From students and staff to faculty and friends, the Babson community always is looking for ways to give back.
$20 Million / Babson and its affiliated programs contributed more than $20 million to the economies of Wellesley and Needham during the 2011–2012 fiscal year, including direct and indirect contributions.
Direct Financial Contributions
Babson purchases a significant amount of products and services from Wellesley and Needham businesses each year. This fiscal year, including credit card sales, Babson spent $4,712,460 in Wellesley and $1,290,321 in Needham. The total spent in Wellesley includes a $75,000 payment in lieu of taxes to the town and $50,000 toward the purchase of the new Wellesley Fire Tower 2 apparatus.
The North Hill retirement community in Needham, located on land owned by Babson, paid $593,000 in property taxes to the town of Needham.
Indirect Financial Contributions
- Babson is a Wellesley Chamber of Commerce board member. As such, the school:
- Hosts the chamber’s annual Shop Wellesley First Silent Auction
- Sponsors the chamber’s annual golf tournament
- The College contributed to the Wellesley parade.
- Babson offered support for the elimination of Town Master Box wiring program, reducing Wellesley’s annual costs.
- $875/ estimated money spent annually on campus and in the local community by each of the approximately 2,000 undergraduate students
- 02457 ZIP code of the full-service Babson Park Post Office (operating rent free in a Babson-owned building)
- Babson Executive Conference Center (BECC) has given back to the Wellesley and Needham economies in excess of $325,000 during the 2011–2012 fiscal year:
- $156,000 services and products purchased from Needham and Wellesley businesses
- $108,147 payroll budget for residents of Needham and Wellesley
- $63,804 paid to Wellesley for room occupancy taxes, licenses, and fees
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- Babson uses local vendors and contractors whenever possible:
- $9.1 million investment in building projects
- $14.2 million investment in plant maintenance
- Babson College and Wellesley College help support the Wellesley Community Children’s Center, a day care center for children of the community and the colleges’ employees. During the 2011–2012 fiscal year, the center served 11 children from Needham and 39 from Wellesley. Twenty-one children have a parent who works or studies at Babson.
- Boston Sports Clubs (BSC) in Wellesley is a recreation facility owned by Babson and leased to Town Sports International, regularly purchases products and services from Wellesley and Needham vendors.
Making a Difference Locally
With an emphasis on creating sustainable economic and social value, Babson students, faculty, and staff donate thousands of hours each year, volunteering at local and national organizations. The Bernon Center for Public Service coordinates both one-time and ongoing volunteer opportunities for the Babson community.
Stamp Out Suicide (SOS), an FME business, held its first annual walk in Spring 2012 at the Wellesley High School Track. Through walks as well as the sale of merchandise, Stamp Out Suicide raises awareness for bullying and suicide prevention.
- The annual Cruickshank 5K Race for Shelter, supported by Babson, raised almost $5,500 for Babson’s Habitat for Humanity chapter. Participants during the 2012 race included Babson students, staff, faculty, and alumni, as well as members of the surrounding communities.
- The Natalie Taylor Scholar Program, created to recognize and reward community and civic engagement, distinguishes students who have committed themselves to community engagement, service, and social responsibility. Students who received the scholarship this year volunteered at Web of Benefit, Needham and Wellesley housing authorities, the Massachusetts Horticulture Society, and the Wellesley Farmers’ Market.
- Every November, volunteers across the college community run a food drive benefiting Cans Across America. This past year, sororities, fraternities, athletics, and the Bernon Center donated 500 pounds of canned food to A Place to Turn food pantry in Natick.
- This year, Babson was one of more than 20 organizations that supported the fifth annual Candy Drive run by Drs. Ali and Ali from Wellesley Dental Group. More than 5,260 pounds of Halloween candy, along with handwritten notes, was donated to our troops overseas.
- Foundations of Management and Entrepreneurship (FME) is a first-year undergraduate course at Babson that allows students to launch and run an actual business. Students donate all business profits to local organizations—more than $30,000 during the 2011–2012 fiscal year. The more than 450 students taking the course also donated their time, volunteering at a range of social organizations.
During the 2011–2012 fiscal year, Babson students, staff, and faculty volunteered at:
- The Charles River Center
- Wellesley Council on Aging
- Needham Housing Authority
- Wellesley Housing Authority
Other local organizations that received Babson volunteer support:
- American Foundation for Suicide Prevention Boston Chapter
- American Red Cross
- Citizens Schools
- Boston Public Schools
- Special Olympics
- Greater Boston Food Bank
- Habitat for Humanity
- Camp Sunshine
- Natick Community Organic Farm
- Junior Achievement Program
- Rosie’s Place
- Toys for Tots
- Boys and Girls Club of Boston
- Cradles to Crayons
- Cor Unum Meal Center
- Friends of the Homeless of the South Shore
- Community Servings
- Harvard Square Meals
- Nativity School of Worcester
Supporting Community Events and Initiatives
During the 2011–2012 fiscal year, Babson played host to a variety of Needham and Wellesley town events, providing facilities, equipment, space, and employee time and labor for programs such as:
- Needham and Wellesley high school graduations rain location
- Wellesley Police Department Annual 5K Stewart Savage Road Race and Fun Run
- Grace Knight Babson Fund annual religious education program
- Upham Elementary and Fiske Elementary bingo nights
- Wellesley Club’s annual Town Affairs Dinner
- Wellesley Veterans Thanksgiving dinner
- World of Wellesley’s Multicultural Festival
- North Hill programs
- Charles River Center fundraising event
- Bates School fundraising event
- Wellesley METCO program
Collaborating with Our Community
At Babson, we think collaboration across disciplines is the way to generate creative solutions to challenging issues. Through partnerships with local organizations, we’re able to have a positive impact in more corners of the community.
- Babson Board Fellows program places Babson MBA students and recent alumni volunteers as nonvoting members of local nonprofit boards. Nonprofits benefit from fresh insights and student contributions to board committees and special projects, while students benefit from exposure to board-level decision making, mentorship, and through working on projects.
For the 2012–2013 program, Babson Board Fellows has partnered with:
- Foundation for Children’s Books
- Compass for Kids
- Seaport TMA
- Community Dispute Settlement Center
- Partners for Youth with Disabilities
- SpeakEasy Stage
- Venturing Out
- Special Olympics of Massachusetts
- Asylum Access
- Cantata Singers
- In partnership with MassChallenge, Babson created a Graduate Student Business hatchery space in Boston’s Innovation District. Hatcheries provide a vibrant atmosphere conducive to sharing ideas and information. The spaces give student entrepreneurs the environment they need to quickly grow their business.
- Babson is the halfway point start site for the Boston Marathon Jimmy Fund Walk in September, and volunteers include Babson students, faculty, and staff.
- Babson is one of four host sites for the Pan-Mass Challenge (PMC) weekend in August, accommodating visitors for registration, cyclists, families, and volunteers for the start of the race, and riders and supporters for the race’s start and finish site.
- Babson also hosts the PMC Kids Rides®, raising money for the Dana-Farber Cancer Institute. Riders and volunteers include Wellesley and Needham residents, as well as Babson students, faculty, and staff. Learn more about next year’s ride »
Connecting Our Community With the World
From Roxbury to Rwanda, Babson’s people and programs are creating social value around the world. Students go beyond our campus to volunteer their time—even during their semester breaks.
National and international efforts from students, staff, and faculty during the 2011–2012 fiscal year include:
- Teaching English and entrepreneurship to adults and children in Ghana
- Helping displaced families on the Gulf Coast in need of affordable housing
- Building and refurbishing homes in El Salvador with Habitat for Humanity
- Starting an entrepreneurship program in Ahuachapán, El Salvador
Babson continues to take steps toward sustainability, with several initiatives during the 2011–2012 fiscal year, including:
- Purchasing 5 percent of our electricity as green power from Wellesley Municipal Light Plant (WMLP)
- Joining WMLP to become an EPA Green Power Partner
- Implementing a multimillion-dollar series of energy conservation projects during the past three years to reduce energy consumption in support of WMLP’s goals
- Designing a new residence hall as an LEED (Leadership in Energy and Environmental Design) Silver rated or better
- Evaluating installing solar panels on the roof as well as installing a section of “green” roof for the proposed residence hall
- Encouraging our faculty, students, and staff to support sustainability through our Sustainability Office
- Supporting community sustainability awareness programs with our Assistant Director of Facilities, Steve Tolley, becoming a member of the Wellesley Sustainability Advisory Committee
- Signing the American College and University Presidents’ Climate Commitment (ACUPCC), a promise we will model ways to eliminate global warming emissions
- Incorporating sustainability into the Babson curriculum, as well as cocurricular programs and activities, as part of meeting our goal for making social, environmental, economic responsibility, and sustainability (SEERS) central to a Babson education
- Defining our approach to achieving carbon neutrality in a measurable way.