14 WHAT HAPPENS WHEN WE GO? WE GO GLOBAL. Iacocca Institute The legacy of Lehigh’s global impact is being cemented, thanks to a $5 million gift from the Iacocca Family Foundation, which includes $4 million to endow the Iacocca Institute and $1 million to global initiatives. The institute leads innovative programs that combine immersion in an extremely diverse living community with learning experiences in leadership, entrepreneurship, and more. It provides year-round online and summer residential programs for adults and high school students from the United States and around the world. Already, the philanthropy has made possible a new Iacocca Institute Speaker Series, debuting in fall 2022. It also fuels increased collaboration between the Iacocca Institute and the Lehigh community by providing program scholarships and graduate stipends. The inspiring gift comes with another challenge. The foundation will match funds raised through other alumni and friends to ultimately provide $8 million to the Iacocca Institute and $2 million to benefit the university’s overall global initiatives. Iacocca International Internship Program The Iacocca International Internship Program (I I IP), established in 2011 when Lee Iacocca challenged Lehigh alumni and friends to match a $5 million commitment that he made, grew in impact during GO: The Campaign for Lehigh. More than 40 donors were inspired to “answer the call” to meet the challenge and, together, collectively doubled the amount endowed to provide international internships for Lehigh students in perpetuity. To date, the program has sent almost 700 Lehigh undergraduates overseas to fully funded summer placements. The students travel internationally for work-and-learn experience and return equipped to lead and succeed in our ever-changing world. Some 40% of all Lehigh students have an international experience while at Lehigh, and 30% of those students participate in more than one abroad experience. The global Iacocca International Internship Program (IIIP) placements 660 IIIP Interns 2012-2021 77% Interns for whom IIIP is their first experience abroad 53 IIIP host countries 85% Interns who need financial aid
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