Donation to be matched by state’s trust fund
Tuesday, Jan. 10, 2012
HUNTINGTON, W.Va. – Marshall University today announced it has received a $100,000 gift from Allied Realty Company to support the Marshall Institute for Interdisciplinary Research.
Including the donation announced today, Allied Realty Company has contributed a total of $350,000 over the past four years to benefit research at the institute.
The company’s latest donation is expected to be matched through the state’s “Bucks for Brains” West Virginia Research Trust Fund. The previous years’ gifts have already been matched, for a cumulative benefit to Marshall of $700,000.
Allied Realty Company President Rebecca Polan said the institute’s role of conducting commercially viable bioscience research at the university and facilitating partnerships with outside companies is vital to the future of Huntington and the entire region.
“Huntington is a special community, and we are proud to call it home—not only for our family of companies—but for many of our employees, partners, clients, friends and family as well,” she said. “Our primary focus is on Marshall University, which we consider to be the gateway organization for improving the Tri-State’s economy by educating our citizens for the knowledge economy.
“We are directing our focus to help Marshall expand its role as a research institution, which can transform us from a manufacturing center into a world class generator of intellectual property.”
Dr. Stephen J. Kopp, president of Marshall University, thanked the company for its contribution, saying, “Allied Realty Company has once again shown incredible support for the important work being done at the Marshall Institute for Interdisciplinary Research. I salute Rebecca Polan and everyone at Allied for recognizing the institute’s growing role in advancing local and regional economic development. We are indeed fortunate to have Allied as a corporate citizen and benefactor in our community.”
Dr. Ron Area, chief executive officer of the Marshall University Foundation Inc., added, “We are once again in the pleasant position of extending appreciation to Allied Realty Company for another generous contribution to support research at Marshall. This is a significant gift and one that will continue to benefit the university and the community for years to come.”
Allied Realty Company is the corporate hub for a full-service global logistics business with more than 2.5 million square feet of commercial, manufacturing and distribution holdings in downtown Huntington, Kenova, Nitro and Parkersburg; Paris, Ky.; and Waynesboro and Harrisonburg, Va.
The Marshall Institute for Interdisciplinary Research was founded in 2008 with the goal of developing a focused program of pioneering research dedicated to producing patentable scientific breakthroughs and creating new high-tech businesses based on those discoveries. The institute is building on existing areas of research strength at Marshall and providing opportunities for collaborations with scientists already working at the university.
The state legislature created the West Virginia Research Trust Fund in 2008 with an initial appropriation of $50 million—$15 million for Marshall and $35 million for West Virginia University. The universities can tap into this fund to double private gifts that support specific research initiatives linked to economic development, health care and job growth. Including the donation from Allied Realty, Marshall has raised more than $9.2 million in gifts and pledges toward its $15 million goal.
Contact: Ginny Painter, Communications Director, Marshall University Research Corporation, 304.746.1964