The Rady School of Management at the University of California, San Diego has announced the establishment of the Carol Lazier and Family Endowed Chair in Social Innovation and Impact. This $1 million endowment will help establish the Center for Social Innovation and Impact at the Rady School, and also attract and support faculty leaders in the critical area of social venturing.
Social venturing initiatives encompass domains such as education, poverty and health, and highlight the premise that the success of an enterprise is not solely measured by profits and losses, but also by its broader impact on the well-being of society.
The Center for Social Innovation and Impact will serve as the umbrella for the school’s social venturing objectives and will focus on graduate-level students across the UC San Diego campus. The center will also work closely with other UCSD schools on cross-campus, interdisciplinary initiatives that will enhance the understanding and impact on urgent social issues.
“With this generous endowment from Carol Lazier and family, the Rady School will have the opportunity to create a lasting difference through social ventures in San Diego and around the world,” said Rady School Dean Robert S. Sullivan.
At UCSD, state funds provide basic faculty salaries; endowed chairs created by philanthropic gifts provide chair holders with supplemental funds for teaching and research. As endowments, these funds live on in perpetuity.
“I am convinced that the Rady School students’ entrepreneurial acumen applied to solving pressing social issues will result in creative and sustainable solutions,” said Carol Lazier.
Born and raised in the San Francisco Bay Area, Lazier attended the University of California, Los Angeles and Foothill College. The family relocated to the San Diego area in 1994.
She has been instrumental in local startup educational and youth mentoring programs such as Sweetwater Unified School District/San Diego State University’s Compact for Success and YMCA’s Turning Point and Solutions: Exploring Success Post High School.
Lazier currently serves on the boards of San Diego Museum of Art and Solutions: Exploring Success Post High School. Lazier and her former husband, Bill Stensrud, were instrumental in the launch of the Rady School by making a leadership gift to support construction of Otterson Hall on the Rady School campus.