In many ways, funding the Institute for Supply Management® (ISM®) Pharmaceutical Forum Scholarship Endowment has been an exercise in patience. Since the
endowment’s establishment in 2002, most contributions
have been modest, through fund-raising, as well as
allocating event profits and the Forum’s annual budget
surplus — when there was one.
However, a desire to help build the future of supply
management created a vision and focus, which has paid
off for students at the three universities with endowments.
A US$25,000 donation this year will bring the aggregate
amount to $220,000, and the investment income will fund
scholarships in perpetuity, says Joseph Shatynski, CPSM,
C.P.M., P.E., Chair of the ISM Pharmaceutical Forum and
head of strategic business services at Daiichi Sankyo, Inc.
“We’ve surpassed $220,000 in donations to universities
because the Forum members had, and continue to have,
a lot of passion for it,” says Shatynski, who is based in
Parsippany, New Jersey. “It was a way to say thank you to
the universities for the supply management talent they’ve
produced, but also to invest back in the pipeline for future
The ISM Pharmaceutical Forum, which is made up of
18 company members, has current endowments with
three schools: Arizona State University in Tempe, Arizona;
Bowling Green State University in Bowling Green, Ohio;
and Rutgers University in New Brunswick, New Jersey.
(North Carolina State University in Raleigh, North Carolina,
was the first school in the program, but it has dispersed its
“These will be ongoing endowments. They are going
to live on for years and years,” says Alexander (Sandy)
McKissick, Forum member and director, global commercial
procurement at Pfizer Inc. in New York. “They are very
secure, and we’ll use that money to provide scholarships
for years to come.”
Scholarship recipient Diana Harriman graduated summa
cum laude from Rutgers in 2016 with a bachelor’s degree
in supply chain management and marketing sciences. She
is a global procurement analyst at Pfizer.
“This scholarship reinforced my appreciation of ISM’s effort
to reach out to students and contribute to their education,
both financially and with experiences that will shape their
professional endeavors,” Harriman says. “I look forward to
being able to give back as a professional.”
The schools were selected for endowments, Shatynski
says, because of the caliber of their supply management
programs. Rutgers is the most recent, having joined in 2011
by receiving a $25,000 check from the Forum to support
financial assistance for graduate and undergraduate
The schools determine the students receiving funds,
based on criteria agreed upon with the Forum. Shatynski
says establishing such guidelines — as well as having a
liaison with the schools to ensure the program is running
as designed, a role McKissick serves for the Forum — is
critical to the endowments’ success.
But most important is “having a vision and purpose for the
endowment, and having alignment among (the Forum
members) in support of that purpose,” Shatynski says.
“And having a passion for it, because it’s a great deal of
work, especially the fund-raising part. While the activity
occurs after work hours, you gain immense satisfaction
by working as a team with the ultimate goal of helping the
This year, the Forum is looking to expand the Scholarship
Endowment beyond monetary support. Shatynski says the
Forum has sought input from the schools on other ways
to help students, and a pilot program involving roundtable
discussions and possible classroom visits is in the works at
“Passing the $220,000 mark was a great milestone to hit,”
Shatynski says. “While we reflect on that accomplishment,
we’re also focused on making the program even better.” ISM
Dan Zeiger is a publications coordinator for Inside Supply
The ISM Pharmaceutical Forum Scholarship Endowment celebrates a
milestone in monetary support for future supply management practitioners.
PROGRAM IS GOOD Rx
BY DAN ZEIGER
MEMBERS OF THE ISM PHARMACEUTICAL FORUM.