Golub Capital today announced a large expansion of its program to support the development of next generation nonprofit board members.
"We launched the Golub Capital Nonprofit Board Fellows Network with the goal of accelerating progress across the nonprofit ecosystem by deepening the pool of impactful nonprofit board members,” said David Golub, President of Golub Capital. “With today’s announcement, we are proud to now sponsor Golub Capital Board Fellows Programs at 11 distinguished business schools. These programs will train hundreds, and soon thousands, of future nonprofit directors every year.”
The new funding commitments announced today will support:
- The Stephen M. Ross School of Business at the University of Michigan, which created one of the first Board Fellows Programs in the U.S. in the late 1990s, will use the gift from Golub Capital to facilitate a substantial expansion of its existing program, design and launch dedicated board training and matching programs for alumni and elevate assessment data and storytelling to demonstrate large-scale impact.
- The McCombs School of Business at UT Austin will expand its Board Fellows Program through enhanced board leadership training with new microcredentials, mentorship networks and broader engagement across its portfolio of MBA programs. The expansion will extend the Board Fellows Program beyond Austin to McCombs' Dallas and Houston locations, dramatically increasing participation opportunities for MBA students across Texas. With strengthened mentorship and alumni engagement initiatives, the Board Fellows Program will grow to serve nearly 100 nonprofits across Texas by 2030, significantly deepening both MBA students' impact in their communities and their experience in nonprofit board service.
- The UCLA Anderson School of Management will expand and institutionalize its existing student-run Board Fellows Program by increasing staff support, strengthening academic training, expanding eligibility across degree programs, and creating opportunities for alumni engagement. The program will also provide value to nonprofit partners through academic workshops, pro bono consulting, and by cultivating long-lasting relationships to create collective impact across Southern California.
- The University of Virginia Darden School of Business will dedicate staffing and funding to expand its student-led Board Fellows Program. The investment includes launching a new for-credit course and extending the program to serve Executive MBA and Part-Time MBA students in the Washington, D.C. area, alongside Full-Time MBA students in Charlottesville. Over the next five years, the program will grow significantly to prepare more than 100 Board Fellows annually.
The Golub Capital Nonprofit Board Fellows Network was launched in 2024 in connection with commitments from Golub Capital to establish or expand Board Fellows Programs at seven leading business schools: Carnegie Mellon University (Tepper School of Business); New York University (Stern School of Business); Northwestern University (Kellogg School of Management); University of California, Berkeley (Haas School of Business); University of Chicago (Booth School of Business); Wharton School of the University of Pennsylvania; and Yale School of Management. Several other leading business schools participate in the Golub Capital Nonprofit Board Fellows Network as affiliates.
About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.
As of April 1, 2025, Golub Capital had over 1,000 employees and over $75 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East. For more information, please visit golubcapital.com.
About the Golub Capital Social Impact Accelerator
The Golub Capital Social Impact Accelerator sponsors philanthropic initiatives where the Firm’s investment is expected to have a multiplier effect on the impact of nonprofit organizations. The two signature programs of the Golub Capital Social Impact Accelerator are the Social Impact Labs and the Nonprofit Board Fellows Network.
The Golub Capital Social Impact Labs at the Stanford Graduate School of Business, the Northwestern Kellogg School of Management and the University of Chicago Booth School of Business engage the next generation of business leaders and academics to accelerate progress across the nonprofit ecosystem.
The Golub Capital Nonprofit Board Fellows Network develops MBA candidates and alumni at leading business schools to serve as impactful nonprofit board members through classroom and experiential learning.
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