The University Record, June 25, 1996
Three U-M schools share $1.5 million endowment
The Pharmacia & Upjohn Foundation has made a gift of $1.5 million to the University to endow special funds in the Business School, the Medical School and the School of Public Health.
This gift is among those that have helped push the University's Campaign for Michigan past its five-year goal of $1 billion in gifts, pledges and bequest intentions. The campaign total, now standing at $1.02 billion, is the largest amount ever raised by a public university in the United States.
The gift from the Pharmacia & Upjohn Foundation will help to accomplish a number of important goals:
The Corporate Environmental Management Program (CEMP), an innovative, cross-disciplinary program of the Business School and the School of Natural Resources and Environment, will be able to expand such key elements of the program as executive education, summer internships, research projects, seminars by visiting practitioners and conferences on emerging environmental topics. CEMP is designed to equip business leaders to create organizations that are both environmentally and economically sustainable.
Promising graduate students and junior faculty members in molecular medicine will be able to have their outstanding research talent and promise recognized and encouraged as a result of the scientific leadership awards that will be supported.
Biostatistics, which plays an increasingly vital role in biomedical research, will benefit from a research professorship. The professorship will be awarded to support the work of an established faculty member in biostatistics.
"The University of Michigan has enjoyed a long and productive relationship with The Upjohn Company, and I am gratified to know that Pharmacia & Upjohn will continue this valuable partnership, which has helped advance our understanding in many areas of science and medicine over so many years," says President James J. Duderstadt.
"Endowed funds for faculty support, program support and student support ensure the future financial stability of the University. This gift will help provide a permanent and reliable source of financial support," says Donald R. Parfet, president of the Pharmacia & Upjohn Foundation.
Endowment gifts are a major goal of the Campaign for Michigan, which will officially end in September 1997. To date more than $240 million has been raised toward an endowment goal of $340 million. The University's total endowment now stands at more than $1.5 billion.
Pharmacia & Upjohn Inc. is a research-based, pharmaceutically focused company formed through a merger of Pharmacia AB and The Upjohn Company.