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Winter 2002 CalBusiness  
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Dean Witter Foundation Increases Support

The Dean Witter Foundation of San Francisco has given the Haas School of Business a $130,000 grant to develop new initiatives and programs and provide continued support to the Finance group.

The grant allocates $100,000 to the Dean's Discretionary Fund for the development of new initiatives and programs at Haas. The Haas School plans to use the remaining $30,000 of this year's grant to create a new Dean Witter Foundation Fellowship program to provide fellowship support for new Ph.D. students in the Finance group.

The foundation's funding has been crucial over the years to support graduate research conducted by the Finance group along with new programs like the Master's in Financial Engineering (MFE). Last year, support from The Dean Witter Foundation and other friends in the Haas community enabled the school to launch the MFE program. With the foundation's renewed support, the Haas School can continue to develop an innovative curriculum and foster the growth of future business leaders at Berkeley.

"The Dean Witter Foundation is a founding sponsor of the Master's in Financial Engineering program and the funds it committed allowed MFE to be born and succeed in its first year," said John O'Brien, executive director of MFE. "The foundation's continued support of programs like MFE at the Haas School help assure our ongoing success."

The Dean Witter Foundation is a private foundation established by the estate of Dean Witter, UC Berkeley class of 1909. The foundation has been a strong supporter of the Haas School for thirty years, with grants totalling over $1 million for faculty support, fellowships, and programs.

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