The Friese Foundation is a nonprofit charitable organization focused on partnering with other organizations and communities to provide impactful and life-changing opportunities.
With the goal of bridging the gap from hopelessness to wholeness, the Friese Foundation is dedicated to supporting organizations that help veterans, first responders, orphaned children, people with mental health issues, animals, and churches, hospitals, and schools.
The Friese Foundation is proud to lend its support to the prestigious USC Marshall School of Business. Established in 1920, the Marshall School of Business is regularly named as one of the top business schools in the United States.
In its annual review of college and university programs, U.S. News & World Report listed the Marshall School of Business’ MBA program at #17. The Marshall School’s Online MBA program ranked even higher, at #5.
Recently, the Friese Foundation donated a gift of $100,000 to support Marshall’s MBA for Veterans (MBV) program. This program is designed to help veterans transition from service to their country to promising business careers in civilian life.
“It’s not just anyone who has the heart, passion, and philanthropic interests as does Mr. Friese,” stated Rachell Morrell, Associate Dean and Chief Development Officer at the Marshall School, in a letter of endorsement for the Friese Foundation.
“Mr. Friese is known for his accomplishments in business; however, supporting veterans is a philanthropic priority of Mr. Friese. As a self-made businessman, Donald Friese believes that each and every individual has a promise of a future, regardless of their background or financial status,” said Morrell.
About the Master of Business for Veterans Program
The Master of Business for Veterans (MBV) program is a fully accredited, specialized version of Marshall’s traditional MBA. However, the MBV program innovatively fills a critical educational niche: leveraging veterans’ leadership and management skills acquired in military service to meet academic requisites.
“We are a program that is specifically tailored for the transitioning military veteran, taking the military leadership and management experience and leveraging that by adding business language and business proficiencies,” said James Bogle, an Army veteran and the director of the MBV program at Marshall, in a press interview.
“It’s essentially transitioning from one professional culture – the military, which is rather distinct – to a brand-new professional culture, which is the civilian business world.”
The degree is available to military veterans, including both active duty and reserve personnel.
The MBV is a two-semester, on-campus program that holds classes every other Friday and Saturday during the Spring and Fall semesters. The curriculum includes group activities, intensive class dialogues, practical exercises, and project-focused work.
The Marshall School’s respect for military veterans’ unique capabilities and background is evident when comparing the MBV and traditional MBA programs side-by-side. The most apparent distinction between the two is program duration.
Most MBA programs require at least two years, but the MBV program can be completed in two semesters. The MBV program is also much less expensive. At just over $58,000, the MBV more than halves the cost of a traditional MBA at many other highly ranked institutions.
The MBV program also distinguishes itself from other traditional graduate business programs in other ways. For instance, the curriculum calls for “minimal career” disruption, with just 20 on-campus sessions required per semester. Also, a significant portion of the classwork can be completed via distance learning.
The MBV program also stands out in its diversity, attracting veterans and other service members from many branches of the military and academic backgrounds.
In one 92-student cohort, 60 students had an undergraduate degree in a field other than business. The cohort group consisted of 40 Marines, 21 from the Army, 20 from the Air Force, and 11 from the Navy and Coast Guard.
A majority of the cohort, 66, had separated or retired from service. Nineteen active duty and seven reserve students were able to continue their education in the MBV program, even while fulfilling their service commitments.
About the Friese Foundation
Since its founding, the Friese Foundation has made giving back to military service members a top priority. Besides supporting the Marshall School’s MBV program, the foundation has continued to lend support to veterans’ organizations, including:
United Service Organizations (USO): For over 77 years, the USO has established itself as one of the preeminent military service member organizations. Its more than 30,000 volunteers continue to advance the USO mission “to provide morale, welfare and recreation-type services to service members and their families.”
National Veterans Foundation (NVF): Thanks to support from the Friese Foundation and other benefactors, the NVF can fulfill its vital mission as “A Lifeline for America’s Veterans.” The NVF helps to make good on one of the most sacred responsibilities of a nation to its veterans: assisting in times of crisis. The NVF fulfills this role by providing a toll-free, veteran-to-veteran crisis hotline and by operating outreach programs that provide clothing, food, transportation, employment, and other vital resources to veterans.