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Kelley School of Business alumni give $1 million toward diversity efforts

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Indiana University Kelley School of Business alumni Derica Rice and Robin Nelson-Rice donated $1 million to support students who are part of the school’s Consortium for Graduate Study in Management, which works to increase diversity in business education.

The couple’s gift creates the Rice Consortium Fellows program to enhance diversity and inclusion at the Kelley School of Business and helps the school’s full-time master’s program attract underrepresented students. Their donation will support fellowships for two first-year Consortium students and two second-year Consortium students annually.

The Kelley School of Business co-founded the Consortium in 1966.

“We are deeply grateful to Robin and Derica Rice for their generous support of this journey,” said Idalene Kesner, dean of the Kelley School and the Frank P. Popoff Chair of Strategic Management. “Their gift is a wonderful example of ‘paying it forward.’ The opportunities their gift provides to future business leaders — the gift of education — produces benefits far, far greater than one program or school or university. It is the gift that benefits entire communities.”

The couple, who met as as master’s students at Kelley and graduated in 1990, credit the Consortium for their business success.

Rice has spent more than 30 years as a health care executive, including 27 years at Eli Lilly. He is currently a board member for the Walt Disney Company, Target Corporation and Bristol Myers Squibb Company.

Nelson-Rice has had marketing positions at Eli Lilly and AT&T. She is a philanthropist and volunteers on community boards and institutions, including the Indianapolis Museum of Art and the Women’s Fund of Central Indiana.

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