A total of 78 service programs from schools around the world were considered for the TeamMBA award. These programs involved nearly 1,500 students who volunteered almost 50,000 hours and raised US$2.6 million.

“In honoring these two great institutions, we  also recognize the tremendous spirit and passion that business school students around the world have for giving back to their community and to their commitment to improving the lives of others,” said Dave Wilson, president and CEO of GMAC. “These are challenging times for many people all over the world and to see the effort that these students are putting in to making a difference is truly remarkable. Today’s MBAs and other graduate business students fiercely embrace their obligation to give back and make the world a better place.”

SP Jain won the All School Award, which recognizes a school for its commitment to promoting and supporting social engagement by its students through school-led programs, services, institutional culture and community outreach. Through more than a dozen individual, team and school-wide projects, students at SP Jain worked to improve the lives of women, milk and agricultural growers, disaster victims and rural villagers.

The College of William and Mary Mason School of Business won the All Service Award, which recognizes outstanding projects in categories such as community service, sustainability/greening and consulting, for engaging in a variety of projects, including a mustache auction to raise money to start a microlending account, two blood drives that collected 100 pints of blood, and raising tens of thousands of dollars for local and global charities.