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Purdue Research Foundation

 Organization

Dates

  • Existence: December 30, 1930-

Historical Information

Founded in 1930, the Purdue Research Foundation is a nonprofit organization. Through contributions, the foundation provides scholarships, graduate fellowships, faculty grants, and cost-sharing grants. The foundation also manages the Purdue Research Park and Office of Technology Commercialization. Originally envisioned by David E. Ross, the Purdue Research Foundation enables Purdue University, as a public institution, to contract and conduct research with industrial innovators and developers. Ross, together with Josiah K. Lilly of the Eli Lilly and Company, initially donated $50,000 to launch the foundation, which exists today to "manage and license Purdue’s intellectual property, accept gifts, administer trusts, acquire property, negotiate research contracts and perform other services helpful to Purdue." Earnings from long term investments and income from gifts, rentals, and royalties, constitute the foundation’s revenue.

Citation:
Purdue Research Foundation FAamily of Sites. http://www.prf.org

Found in 2 Collections and/or Records:

Purdue Research Foundation records, addition 02

 Unprocessed Material — Box 01
Identifier: 20200116

Purdue University sesquicentennial collection

 Unprocessed Material — Box 1
Identifier: 2023-087