[ad_1]
Lilly Endowment Inc. has approved grants totaling $100 million to the Purdue Research Foundation. The funding includes $50 million each to support the Mitchell E. Daniels Jr. School of Business and Purdue Computes. Collectively, these efforts represent the largest philanthropic gift ever given to Purdue. (Purdue for Life Foundation Photo/Jerry Robinhos)
Calling it a “historic and transformative gift,” Purdue University announced today (January 9) that it will support separate efforts at two universities, including the Mitchell E. Daniels Jr. School of Business. announced a $100 million commitment from the Lilly Endowment.
The Lilly gift will be split equally between the School of Business and Purdue Computes, the university’s initiative to unite computing, physical AI and semiconductor programming under one umbrella, at $50 million each. Combined, this gift is the largest in Purdue history.
Moon Chan, President of Purdue University
“In 2023, the Board of Trustees and the University will Mitchell E. Daniels Jr. School of Business, Purdue Computes. We believe these efforts demonstrate this public land-grant institution’s commitment to future-proofing the technology-driven prosperity of our beloved, great state of Indiana.”・President Chan made the remarks during a short ceremony held on the Purdue University campus.
“The Lilly Endowment injects great momentum and a vote of confidence into what all of us here – faculty, staff, students and partners – are doing at Purdue.”
Lilly Endowment Inc. is an Indianapolis-based private foundation founded in 1937 by the founders of Eli Lilly and Company.
Second $50 million gift to B-school in 11 months
This is the second major gift Purdue’s business school has received since its public re-envisioning over the past 18 months. In January 2023, it renamed itself And we doubled down on our commitment to STEM-infused, data-driven business education.
A month later, in February 2023, the Daniels School announced. $50 million gift The gift from the Dean and Barbara White Family Foundation was the largest gift in B-School history at the time. The school’s undergraduate business program was renamed the Bruce White Undergraduate Institute in honor of that gift.
This latest $50 million gift will help the Daniels School expand its six-story, 164,000-square-foot building to accommodate enrollment growth and other strategic initiatives, according to Daniels School Dean Jim Bullard. The proceeds will be used for the construction of a new building.
The facility will feature new “future-proof” flexible spaces for adaptive research and education labs for financial transactions, data visualization, behavioral research, and experiential learning. It will be the third facility for the Daniels School, joining the Krannert Building and Jerry S. Rawls Hall. And it will be her second largest classroom building on the Purdue campus.
Construction is scheduled to begin in July and be completed in April 2027.
“This gift for our new building is critical as we reimagine the future of business education. With its striking transparent exterior, the new Daniels School building will become the focal point of the entire Purdue campus. This allows us to realize our goal of delivering ‘excellence at scale,”’ Bullard said in the announcement.
Conceptual drawings of a 164,000-square-foot building planned by Purdue’s Mitchell E. Daniels Jr. School of Business. (Rendering provided by Gensler)
Two years of big changes in Purdue’s business.
Today’s announcement is just the latest in a series of big moves for Purdue’s business school over the past year and a half.
James “Jim” Bullard, the longtime Federal Reserve president and influential economist, has been named dean of Purdue University’s Mitchell E. Daniels Jr. School of Business.
In August, We welcomed Mr. Bullard as the new dean., previously the longest-serving president of the Federal Reserve Bank. In 2014, The Economist ranked Bullard the seventh most influential economist in the world, on a list that also includes Paul Krugman, Ben Bernanke, Alan Greenspan, and Larry Summers.
In September 2022, Purdue announced: “Rethinking the current business graduate school” Enter a new business school. ” The newly named Mitchell E. Daniels Jr. School of Business will house both the graduate-level Krannert School of Management and the Bruce White Undergraduate Institute.
And in March, P&Q listed Daniels School as one of our schools. Undergraduate programs to watch Towards 2023.
As part of its re-envisioning, the university announced several major goals. We are committed to making the Daniels School a top 10 business school, doubling graduate student enrollment, significantly increasing undergraduate enrollment, and doubling the size of our facilities. Ta. Along with other faculty and fellowship appointments, he is also seeking 50 tenure-track faculty positions.
During his remarks today, Mr. Bullard updated attendees on the school’s enrollment goals. Daniels School’s fall 2023 enrollment is 3,516 students, an increase of more than 1,100 students compared to five years ago. It is expected to enroll 4,000 undergraduate students in fall 2024. At graduate level, we have developed a new master’s degree in business and technology, which is expected to be approved this week.
Purdue Computes + Daniels Business
Although the two $50 million commitments are separate, the Daniels School shares several strategic goals with Purdue Computes. They include:
- Increase Indiana’s talent pipeline by recruiting more talented students and faculty interested in new research opportunities.
- Promote Indiana’s economic development through opportunities in emerging industries, deepen connections with Indiana employers, and encourage students to find careers with Indiana-based companies.
- Infuse ethical principles into all educational and research activities, including those involving AI and other advanced technologies.
- Build on Purdue’s reputation and capabilities in STEM.
Another major Purdue initiative, at Purdue University in Indianapolis, is the establishment of the Daniels School of Executive Education and Entrepreneurship Program, which is collaborating with the School of Business and Purdue Computes to advance the University in Indianapolis for the new technology-driven economy. We plan to train leaders and entrepreneurs.
“Obviously, you can’t talk about semiconductors without talking about the supply chain. And you can’t talk about AI and computing without understanding how they will shape the future of work and the economy. .Therefore, there is a synergy between these three efforts.” Said P&Q at the beginning of this summer.
The $50 million gift to the Daniels School is not only the largest ever for a Purdue business program, but also one of the largest philanthropic gifts to a business school.It’s one of those things that just finished 50 gifts worth $50 million For the past 30 years, major business schools have done even better.
Do not miss it: Inside Purdue’s Reimagined Daniels School of Business & Omba and MBA Salary: The Impact of International Migration
[ad_2]
Source link
