'Papa John,' DeVos Families Donating to Purdue

Posted: Updated:
(John Schnatter Center for Economic Research rendering courtesy of Purdue University.) (John Schnatter Center for Economic Research rendering courtesy of Purdue University.)
WEST LAFAYETTE -

Two big name families have donated a total of $9 million to Purdue University. An $8 million gift from the John H. Schnatter Family Foundation will result in the renaming of Purdue's Research Center in Economics in honor of the Papa John's International Inc. (Nasdaq: PZZA) founder. The Doug and Maria DeVos Foundation, named for global consumer business Amway President Doug DeVos and his wife, is giving $1 million to the center.

The funds will unlock a $9 million match from the school's provost office and support one or two additional hires each year for the next six years. The center was launched nearly four years ago to conduct research on the role incentives and markets play in public policy. Krannert School of Management Dean David Hummels says "economics research at Purdue is on the rise. We recently dedicated the seventh floor of the Krannert Building as a space for agricultural economics, the third floor as a center for public policy research, and we are on track to add more than a dozen new faculty members to the ranks of the Department of Economics. We aim to be one of the great centers of economic thought in the country."

Schnatter, a Jeffersonville native, launched the foundation with his wife, Annette, in 1997. The Doug and Maria DeVos Foundation has been around since 1992 and has previously supported the school. Doug DeVos graduated from Krannert and was a student-athlete when he attended. You can connect to more about the donations and the research center by clicking here.

  • Perspectives

    • Creating a Customer-Centric Marketing Strategy For Your Healthcare Business

      Obtaining and retaining customers is critical, especially in highly competitive markets like the healthcare industry. But, differentiating your organization with an exceptional customer experience can help you stay ahead in the $3.4 trillion industry. According to McKinsey, 70 percent of buying experiences are based on how the customer feels they’re being treated. Now more than ever the customer’s satisfaction needs to be at the top of focus for companies looking to...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Infosys Picks Indy For Training Center, 1K Additional Jobs

      Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 new jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.

    • Manufacturer Adding Production in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.

    • 'Supercar' Assembly Operation Planned For Purdue

      The England-based manufacturer of a car billed as the fastest street-legal vehicle on the road has selected the Discovery Park District at Purdue University for a showroom and assembly facility. Keating Supercars LLC will produce its first model to be sold in the U.S., the Viperia Berus coupe, which is capable of reaching speeds greater than 230 miles-per-hour. The company is slated to cut the ribbon on the showroom late next month and eventually ramp up production at Purdue to...

    • (Service area map provided by Vectren.)

      What Does Vectren Merger Mean?

      A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...

    • About IIB

      Inside INdiana Business is Indianas Business News Leader.