STATED MEETING OF THE BOARD OF TRUSTEES OF THE
TRUSTEES OF PURDUE UNIVERSITY
December 16, 2006
A meeting of the Board of Trustees was held in Room 326, Stewart Center, West Lafayette, Indiana at 8:10 a.m. on December 16, 2006.
The following Trustees were present: McGinley (Chairman), Birck, Brouillette, Butier, Cumberbatch, Hardin, Oesterie, Powers, Spurgeon, and Townsend.
Also in attendance were President Jischke, Provost Mason, Executive Vice President and Treasurer Olsen, Vice President and Assistant Treasurer Almond, Legal Counsel Benton, and Corporate Secretary Behringer. Present by invitation to make a report to the Board was Vice President Robinson.
I. FUTURE MEETING SCHEDULE.
Chairman McGinley drew attention to the listing of future meetings and commencements and asked the Trustees to put these dates on their calendars. He made special note of the revised commencement date for Purdue North Central to May 14, 2007.
II. APPROVAL OF MINUTES
Upon proper motion duly seconded, the Board of Trustees voted unanimously to approve the minutes of the following meetings:
Stated Meeting, September 29, 2006
Executive Sessions, November 9, 2006 and November 10, 2006
III.       REPORT OF THE PRESIDENT.
President Jischke praised the Lilly Endowment for the recentiy announced $50 million in gifts to Purdue and Butler universities to promote pharmacy efforts in Indiana. Each university received $25 million. Once again Lilly Endowment stands at the forefront in support of higher education, enabling universities to impact our state and build a better future for everyone. Purdue has pledged to raise an additional $10 million in private funds to augment the Endowment's latest very generous investment. Purdue will use this Lilly Endowment investment and the additional funds to focus on developing systems that will reduce medication errors, combat counterfeit medications, reduce costs and time needed to develop drugs, develop delivery systems for cancer drugs to reduce toxicity, and prevent and manage adverse drug reactions.