FOR IMMEDIATE RELEASE
Friday, March 20, 2009
Contact: Dave Wellman, Director of Communications (304) 696-7153
Capstone Team donates $55,000 to MU Foundation for MIIR
HUNTINGTON, W.Va. – Capstone Development Corp. of Birmingham, Ala., Mascaro Construction of Pittsburgh, Pa., and Brailsford and Dunlavey of Washington, D.C., all part of the development/construction/management team for the new Marshall Housing and Recreation Center, have made a combined $55,000 contribution to the Marshall University Foundation, Inc., for the Marshall Institute for Interdisciplinary Research (MIIR) as part of West Virginia’s “Bucks for Brains” initiative.
The Capstone Team developed and operates Marshall’s First Year Freshman Residence Halls, which opened in August 2008. The Team also developed the Marshall Recreation Center, which opened in February of this year. Brailsford and Dunlavey, a facilities planning and program management firm, provided programming services for the Marshall Recreation Center, and is also providing management services for the recreation center through its division known as Centers. Mascaro Construction Co. was the general contractor for both the First Year Freshman Residence Halls and the Marshall Recreation Center.
“We always like to give back to our university partners,” said Alton Irwin, Executive Vice President of Marketing with Capstone. “The Capstone Team is a long-term partner, and we want to see the Marshall students succeed. We have seen first-hand President (Stephen) Kopp’s vision and passion for taking Marshall to the next level and we are honored to be a part of that vision.”
The “Bucks for Brains” initiative, also known as the Research Trust Fund, was passed by the West Virginia Legislature last year. It allocates $15 million to Marshall University and $35 million to West Virginia University as a research endowment trust fund to be matched by contributions from each institution’s foundation.
The research endowment is modeled after a highly successful program in Kentucky. As envisioned, the principal funds in each endowment will produce interest income for each account and fund research grants in specialized fields such as biotechnology and biometrics. The goal is for the universities to create new spin-off businesses and high-paying jobs as research results in breakthroughs, patents and products.
“We thank Capstone for its support of the Marshall Institute for Interdisciplinary Research with this generous gift,” Kopp said. “This partnership with Capstone has been wonderful from the onset helping to propel the growth of Marshall’s physical campus. This latest gift will help us attain our goal of creating new, high-value job opportunities through MIIR, thus expanding the intellectual capital base of our region. We look forward to continuing our relationship with Capstone Development as opportunities to do so develop.”