Pharmacia & Upjohn Foundation gives $1.5 million

January 15, 2007
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ANN ARBOR—The Pharmacia & Upjohn Foundation has made a gift of $1.5 million to the University of Michigan 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 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 with the Pharmacia & Upjohn Foundation gift to the Medical School. 
  • A major research initiative in biostatistics, which plays an increasingly vital role in biomedical research, will be possible thanks to a research professorship that will be supported with the Pharmacia & Upjohn gift in the School of Public Health. The professorship will be awarded to an established faculty member in biostatistics to support his or her work. 

“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,” said U- M President James J. Duderstadt.

Endowment gifts are a major goal of the Campaign for Michigan, which will officially end in September 1997. “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,” Donald R. Parfet, president of the Pharmacia

To date, more that $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, up from $684 million at the beginning of 1993, the result of new gifts and investment returns.

 

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