Harvard Business School (HBS) has announced the establishment of the Robert K. Kraft Family Fellowship Fund, which will benefit promising young leaders with high potential but limited means to attend HBS. The fund is made possible through the generosity of HBS alumni Robert Kraft (MBA 1965), founder, chairman, and CEO of both the Kraft Group and the Kraft Family Foundation, and his son Jonathan (MBA 1990), president of the Kraft Group. By creating the largest endowed fellowship fund of $24 million at the School, the Kraft family continues their longstanding commitment to and support of fellowship programs at HBS. The fund was first announced earlier today at an event held at the School, “Improving Opportunity through Increasing Access: A Real-Life Story and a Legacy of Educating Leaders — a Chat with Dean Datar & Robert K. Kraft.”
The Robert K. Kraft Family Fellowship Fund will make the transformational educational experience of HBS more accessible to talented students who, without financial aid, would be unable to attend the MBA program. It will specifically support students from lower socioeconomic backgrounds who are first generation college students or from other underrepresented student backgrounds. In recognition of the Krafts’ support, the School has named the Financial Aid Office and Director of MBA Financial Aid position in their family’s honor.