"Experiential learning is the best way to get at the nuance and complexity of fields like philanthropy or business," Brian Goebel, managing director of Emory University's Business & Society Institute, tells the Atlanta Journal-Constitution.
That's why the business school is offering a new course called Philanthropy Lab, which teaches students how to identify and make grants to Atlanta-based nonprofits.
Students form "mini foundations" that are "challenged to identify and make grants to Atlanta-based nonprofits, incubated by the Center for Civic Innovation (CCI), that address inequity in innovative ways," Goebel says in a press release.
This year, 27 undergraduate BBA students and five MBA students took the class, and student teams awarded $90,000 in grants to 13 Atlanta-based nonprofits.
Since launching its Philanthropy Lab course in 2012, more than $400,000 in grants have been awarded, Goebel says.
The Philanthropy Lab program works with 32 business schools across the US.
Since 2011, the program has invested nearly $15 million in partner schools to facilitate experiential courses on philanthropy.
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