William P. Lauder has endowed a $4 million gift to the William P. Lauder Wharton Leadership Fellows Program at The Wharton School of the University of Pennsylvania.
The Wharton Leadership Fellows Program is a group of second-year MBA students that mentor and support first-year students in developing their skills and performance. The program lasts for 15 months where fellows strengthen their team dynamic, provide feedback and coach individual growth and development.
“I have always believed that great leaders are also great teachers, coaches and mentors,” said Lauder, who is the executive chairman of The Estée Lauder Cos. “That’s what I expect of leaders at The Estée Lauder Cos. and what I hope to model for MBA students. I’ve been fortunate to have many extraordinary mentors in my careers — my father Leonard Lauder chief among them — and I’ve been consistently impressed by the ways in which Wharton Leadership Fellows enhance and contribute to the learning culture at Wharton.”
The endowment will also provide a new one-day leadership symposium to the William P. Lauder Wharton Leadership Fellows Program that is dedicated to exploring leadership principles.
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“William Lauder’s contributions to the Penn community extend far beyond his generous financial support,” said Amy Gutmann, president of the University of Pennsylvania. “[Lauder] is an active presence on campus, sharing his time and insight with our students enrolled in his popular MBA course and providing exceptional advice and guidance to university leadership as a member of the Penn Board of Trustees.”
Lauder’s Wharton course, MGMT 896: Decision Making in the Leadership Chair, is now in its sixth year at the school. He is also a member of the University of Pennsylvania Board of Trustees, the Lauder Institute Board of Governors and the Wharton Leadership Advisory Board. In 2014, Lauder was recognized by the Wharton faculty with the Teaching Commitment and Curricular Innovation award.