An $8 million gift from a Purdue University alumna and her husband has given a major boost to an endowment supporting the university’s College of Pharmacy. The gift from JeanAnne and James Chaney will support student scholarships and a potential new facility for the college.
The couple established the Pacesetter Endowment for Pharmacy in 2014 with a $1 million gift. Purdue says the endowment has provided scholarships to more than 140 students to date. JeanAnne Chaney says she hopes the gift will lead to a new facility to keep Purdue a top destination for pharmacy students.
"I feel that a new pharmacy building is needed at Purdue for this college to graduate top-level students," Chaney said. "Since pharmacy is changing rapidly, and for Purdue Pharmacy to remain in the top 10 pharmacy schools in the nation, the new building is needed now."
The donation was made through the Chaney Family Foundation. JeanAnne Chaney graduated from Purdue with a bachelor’s degree in pharmacy in 1961.
Eric Barker, dean of the College of Pharmacy, says the gift will "have a transformative impact on the college, both in the near and long term, by providing financial support for our students and making a Purdue pharmacy education more affordable. It will ultimately enhance our facilities, further allowing us to be successful in recruiting the very best students and faculty."
The gift was made as part of the Purdue Day of Giving, which set a record for the fourth consecutive year by raising a total of more than $37 million.