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CSUB receives $1 million pledge to establish corporate social responsibility fellowship

Patels

Dr. Ravi Patel, left, and Dr. Naina Patel have pledged from their private family foundation a $1 million donation to create the Mahatma Gandhi Fellowship for Social Entrepreneurship at Cal State Bakersfield.

For all the good expected to come of recent investments in fostering local entrepreneurship, none of them explicitly promotes business as a tool of social benevolence — until now.

A $1 million endowment disclosed this week will fund a series of two-year fellowships allowing a Cal State Bakersfield professor, together with a student assistant and possibly others, to perform and share research on how profitable ventures can deliver good on a level transcending shareholder value.

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