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"These transformational grants from Lilly Endowment are historic in both magnitude and vision," says Clay Robbins, chairman and CEO of Lilly Endowment, in announcing $100 million in grants to two major initiatives at Purdue University.
The grants, the largest in the university's history, will go to the Daniels School of Business and Purdue Computes, both of which were identified last year as the university's top strategic initiatives, per a Purdue release.
The grants will support the construction of a 164,000-square-foot building that will include computing departments, a state-of-the-art Scifres Nanofabrication Laboratory, and lab space for quantum research, among other things.
"We aim to prepare a new generation of business students to tackle the technology-driven challenges of today and tomorrow, and this new building will serve as a representation of our commitment and a beacon for future business leaders," says the dean of the Daniels School.
The Purdue Computes will be the second-largest building on the campus, behind only the Wilmeth Active Learning Center.
"These new initiatives hold great promise to strategically build connections between business education and the powerful technologies in computing, semiconductors and physical AI and thereby prepare Purdue students for effective leadership in business and other pursuits in a future of rapid technological
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While philanthropy, social responsibility and corporate governance all already play a role, we will probably see more powerful contributions when companies embed social innovation into their core business strategies and operations.