|
Winter 2002
|
|
|
Vic Lechtenberg, Dean of Agriculture
|
Giving to Purdue: Public support for a private
university
By Victor L. Lechtenberg, Dean of Agriculture
There is a perception that public universities like Purdue receive most
of their funding from state revenue. The reality is, however, that these
universities are state assisted rather than state supported. State appropriations
provide only 27 percent of Purdue's budget; the remainder comes from
other funding
sources, including philanthropic gifts from individuals, corporations
and foundations.
One example of how public and private support go hand in
hand is Purdue's Food
Science Building, which was built in 1998. While the building itself
was publicly funded, corporate donations provided much of the equipment
for its research and teaching labs, state-of-the-art pilot plant and
computer-integrated manufacturing lab.
Private support
also is making possible the renovation of the David
C. Pfendler Hall of Agriculture, the second-oldest building on campus and
the original Agricultural Hall. The renovation will not only save the 100-year-old
landmark but provide much-needed laboratory space. More than $2 million of
the cost will come from private gifts to Purdue Agriculture.
Last fall, Purdue announced several multi-million-dollar
gifts, including a $21
million bequest of timberland and patents
for two insecticides. While gifts of this magnitude garner a lot
of attention, there are hundreds of smaller gifts that help sustain our
programs year in and year out.
Many of these small gifts go toward establishing an essential
type of support--endowments. Purdue Agriculture has a number of endowments,
many in the form of academic scholarships. Last year, Purdue Agriculture
awarded more than $1 million in scholarship aid to students.
Although the minimum to establish an endowment is $20,000,
gifts can be combined to reach this amount. One great example of this
is the Livestock Judging Team Endowment. A few years ago, a group of
judging team alumni, in appreciation for their experience, contacted
other team alumni and raised $100,000 to establish an endowment to support
the program.
Our fundraising goals for the future include continued
aid for students--merit scholarships for undergraduates and fellowships
for graduate students--and funds for attracting and keeping top researchers
and teachers among our faculty.
Purdue Agriculture students, faculty, programs and facilities
are among the many beneficiaries when private support helps sustain our
public university. And we thank those whose generous gifts make this
possible.
Victor L. Lechtenberg
Dean of Agriculture
|