September 27, 2003
Purdue trustees give $3.28 million for scholarships, meet challenge
WEST LAFAYETTE, Ind. J. Timothy McGinley, an Indianapolis businessman and chairman of the Purdue University Board of Trustees, and his wife, Jane, will announce today (Saturday, 9/27) that they will give $2 million toward scholarships for their university.
The university also will announce that current and former trustees have met the Lilly Endowment challenge. They contributed $1.28 million to the Campaign for Purdue, earning a $1 million match from the endowment. The board's contribution is in addition to the McGinleys' gift.
Tim McGinley explained their gift saying, "Back in 1958 Purdue offered me a basketball scholarship. It was a life-changing opportunity. I received a world-class engineering degree, developed lifelong friendships, and most of all, met my wife. And for the last 14 years, I have had the opportunity to help shape the course of this university as a trustee.
"But our motivation is deeper than that. We believe in this university. We believe in the leadership of President (Martin C.) Jischke and his team, and we also believe that with all our help we can achieve the goals outlined in Purdue's strategic plan. Education is the one sure investment we can make for our future. Scholarships like these will help ensure that the benefits of Purdue's world-class education remain affordable."
Most of the McGinley gift will benefit the Purdue Opportunity Program announced last spring, which helps students who face unusual personal challenges and financial hardship. Beginning next fall, the scholarship will provide one freshman from each of Indiana's 92 counties with a total financial aid package consisting of federal, state and Purdue aid that will pay for tuition, and room and board for the recipient's first year at Purdue.
The formal announcement of the scholarship gift will be made during the President's Council breakfast before today's Purdue-Notre Dame football game.
"This remarkable gift is received with gratitude, but with no surprise," Jischke said. "Even before I was appointed president of Purdue, I was most impressed by Tim McGinley's dedication and love of Purdue and its students. That dedication is one of the fundamental reasons that I joined him in this quest to make Purdue and its world-class education even better, yet affordable.
"Actions, though, speak louder than words. Tim and Jane McGinley are leading the charge, both with their words and with their wallets."
McGinley's gift, along with those of other board members, brings to $88.4 million the total raised toward a $200 million scholarship goal the largest student assistance campaign in the university's history which was announced last spring. The scholarship goal is part of the $1.3 billion Campaign for Purdue announced last fall.
McGinley, who has served as a Purdue trustee for 14 years, received his bachelor's degree from the School of Chemical Engineering in 1963. For three years he played varsity basketball for Purdue, winning the award for the athlete with the highest scholastic average. He went on to earn his MBA from the Harvard Graduate School of Business in 1965 and became a White House Fellow in 1966.
Purdue previously awarded McGinley with both the Distinguished Engineering Alumni Award and the Outstanding Chemical Engineering Alumni Award, in 1972 and 1994, respectively. He also received the Big Ten Centennial Athlete Award in 1995 and was inducted into the Indiana Basketball Hall of Fame in 2000.
McGinley is the managing partner and principal owner of House Investments in Indianapolis. A recognized entrepreneur in the real estate industry, he previously served as deputy assistant to the secretary of labor in Washington, D.C.
Jane McGinley graduated from Purdue in 1962 with a bachelor's degree in elementary education. She is a former schoolteacher in the Indianapolis area. She remains very active in many civic and charitable organizations. The McGinleys' have three children, Douglas, Elizabeth and Catherine.
Purdue currently distributes almost $300 million in student aid each year $80.4 million is in scholarships, with the balance paid out as loans or employment-related awards. This includes $182 million in aid to undergraduate students and about $107 million to graduate/professional and other students.
Writer: Jesica E. Webb, (765) 494-2079, email@example.com
Source: J. Timothy McGinley, (317) 580-2535
Purdue News Service: (765) 494-2096; firstname.lastname@example.org
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