Marshall University has received a $750,000 gift from the American Electric Power Foundation to establish a research endowment.
The donation is expected to be matched through the state’s “Bucks for Brains” West Virginia Research Trust Fund, for a total benefit to Marshall of $1.5 million.
Proceeds from the endowment will be used to support the Marshall Institute for Interdisciplinary Research and the institute’s collaborations with other research initiatives at the university. The donation is the largest single gift ever made by the foundation in West Virginia.
Charles Patton, president and chief operating officer for Appalachian Power, presented the donation to university representatives in a ceremony held during the third quarter of Saturday’s football game with Southern Miss at the Joan C. Edwards Stadium.
“The establishment of an endowment that will ultimately help attract and keep world-class researchers in the bioscience and engineering fields is an important advancement for Marshall University and the state of West Virginia,” Patton said. “We’re proud to be part of this exciting venture.”
President Stephen J. Kopp thanked the AEP Foundation for the contribution, saying, “The endowment that will be created as a result of this donation and the match from the state’s trust fund will go a long way toward our goal of developing a self-sustaining research enterprise that will advance local and regional economic development.”
Dr. Ron Area, chief executive officer of the Marshall University Foundation Inc., added, “We are most appreciative to the AEP Foundation for this generous gift. This is significant investment in research and the future of Marshall University and the entire region.”
The American Electric Power Foundation, which is based in Columbus, Ohio, is funded by American Electric Power and its utility operating units.
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.
Appalachian Power President and Chief Operating Officer Charles Patton, second from left, presents a check for $750,000 to Marshall President Stephen J. Kopp, third from right, during MU’s football game with Southern Miss on Saturday, Sept. 10. From left are Mark Dempsey, Patton and Steve Stewart, all with Appalachian Power; Kopp, Lance West and John Maher, all with Marshall. Photo by Rick Haye/Marshall University.
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