Three young women in front of a bulletin board filled with papers. One woman is pointing at something on the board.

Social Impact Stipend

Overview

Since 2006, NYU Stern’s Undergraduate College has awarded over 300 stipends to students seeking to apply their business and entrepreneurial skills to tackle a social, environmental, or economic problem. 
  
Recent student internships and sustainable ventures include:
  • Student-led voter registration drives;
  • PPE drives for frontline workers in Queens, NY;
  • A design-a-mask competition for students in Hong Kong;
  • Internships working on the COVID-Taskforces of tech and food startups;
  • Internships with UNICEF, UNDP and government missions to the United Nations;
  • Internships at nonprofits like the Nature Conservancy, NPR Seoul, and the RETI Center;
  • Internships to continue social entrepreneurship work remotely with NYU SIV Ghana; and more

Student Feature

Social Impact Stipend Recipient: Annie Wang, Class of 2021
Internship: U.S. International Development Finance Corporation (Social Enterprise Finance Team)

 

What provoked your interest in social impact and business? How has your time at Stern helped prepare you?
 
Coming to Stern, I initially thought that the greatest way to make a social impact was through government and public policy. It wasn’t until I took my first social impact core class Business and its Publics (now Business and Society) that I realized that business models could be reinvented to produce social change.
 
What type of work are you currently doing with your social impact stipend?
 
At the Development Finance Corporation (DFC), I am working with the founders of social enterprises who are seeking impact investments for their social ventures; currently, I am working with a student loan financing business based in Rwanda and a clean cooking fund launching in Sub-Saharan Africa. As an intern, I am in charge of meaningful work, including attending client and team meetings, creating and presenting investment reports and presentations, analyzing and summarizing financial models, and evaluating the viability of business plans for early stage ventures under the DFC’s Portfolio for Impact and Innovation program.
 
Has this experience shaped the way that you think about your future career plans? 
 
Through this internship, I have gotten the opportunity to better understand the role and thought process of impact investors in the social enterprise ecosystem, further solidifying my ambitions to use my business skills to drive positive impact in my professional career. In some ways, it has also lit the entrepreneurial spirit in me, as I am constantly inspired by the social enterprises in the program and their impact potential. 
 
Is there anything else you would like to share with your fellow students at Stern?
 
As Stern students, we have the luxury of accessing various social impact business opportunities. These opportunities can really help define your niche and interests in social impact, and I strongly encourage students to be open to signing up for Business & Society programs or extracurricular opportunities when they come your way. When I got back from year-long study abroad, I applied to a bunch of clubs and student organizations on a whim and can say with certainty that the organizations I stumbled upon have crafted my passion for social entrepreneurship and international development and have helped me find a community of diverse and passionate friends.