It was just announced that the Hult International Business School is going to donate $1 million to Water.org as part of an an MBA case competition. An organization co-founded by superstar Matt Damon, Water.org aims to provide safe drinking water and sanitation to people in developing countries.
The annual competition invites students from the world’s top business schools to solve a problem they are given— which has yet to be announced— and develop a proposal with how to best address with the issue. It’s expected that more than 120 teams will compete in groups of five, effectively giving Water.org 3,500 man-hours of free consultancy. And while the competition draws in students from Boston, Dubai, London, San Francisco, and Shanghai, the final judging and stages will take place in New York this coming April.
In an interview with Entertainment Weekly, when asked why Water.org is so important to him, Damon said, “Every 15 seconds, a kid is dying because he or she doesn’t have access to clean water and sanitation…So it’s hard to wrap your brain around the notion that there are little girls who can’t go to school because they’re spending their days gathering water.” He further stated, “Dehydration is a ridiculous way to die in this day and age.”
Seems like a great way to spend $1 million to us!