WEST LAFAYETTE, Ind. (WLFI) - Purdue University's fundraising and investment offices are now in the hands of the private, non-profit Purdue Research Foundation (PRF).
An Executive Committee of the Board of Trustees approved the transfer Friday. With the move, which will take effect Jan. 1, Purdue will join other peer institutions. Nine out of the 14 schools in the Big Ten Conference have separate fundraising foundations, including Indiana University.
Officials said the move will allow for long-term sustainability because one organization will overlook all gifts. More than 160 people who currently work in the development and investment offices will be able to transfer their length of service and benefits to PRF.
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