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OSU receives $250,000 donation to bolster healthcare industry in northwest Oklahoma

Tuesday, July 8, 2008

Northwest Oklahoma Osteopathic Foundation gift centers on new residency program initiative

View Full List of Endowed Faculty Chair Announcements 
 

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(STILLWATER, Okla. July 8, 2008) – Oklahoma State University announced today a $250,000 gift from the Northwest Oklahoma Osteopathic Foundation to endow a professorship in primary care programs.  Once fully matched dollar-for-dollar by T. Boone Pickens’ $100 million chair match commitment, as well as the Oklahoma State Regents for Higher Education, the gift will provide $1 million of impact in endowed funds.
 
The Enid-based foundation believes the endowment and the creation of a new osteopathic residency program will be beneficial to Enid and the northwest part of the state in many ways.  The program provides an opportunity for medical residents to serve and learn in Enid as they acclimate to the community, build relationships and hopefully consider locating their practice in the area.  
 
“The response from our alumni and friends has exceeded our wildest expectations,” said OSU President Burns Hargis.  “Inspired by Boone Pickens’ astounding generosity, donors answered the call to make a lasting difference and open a new and exciting chapter at OSU.  We sincerely appreciate what the Northwest Oklahoma Osteopathic Foundation is doing for OSU academics and research.”
 
In order to take full advantage of the state’s dollar-for-dollar match, and make the most significant impact on OSU academics, the foundation made the gift prior to the July 1 change in the state’s endowed chair matching program.  This gift is part of the $66.8 million in endowed faculty gifts OSU announced recently.
 
The gift will create the Northwest Oklahoma Osteopathic Foundation Endowed Professorship of Primary Care Programs located within the OSU-Center for Health sciences. Earnings from the fund will support northwest Oklahoma primary care programs, including financial support for faculty, residents and students
 
“Teaching programs in communities create an enhanced environment for learning which is beneficial for all those involved, not just the residents,” said Steve Whitfill, executive director.  “It is truly a great opportunity to be able to take advantage of the matching gift incentive made available by T. Boone Pickens and the Oklahoma Regents for Higher Education. It’s not everyday that we can turn a $250,000 contribution into a million dollar endowment benefiting our community!”
 
Jean Van Delinder, chair of the OSU Faculty Council, said, “OSU is poised for growth and further prominence but to realize its full potential we must continue to attract and retain top scholars and researchers. These chairs highlight the important role that scholarship and teaching play at Oklahoma State University, and they are made possible through the generous support of donors who value excellence in scholarship and want to help OSU continue to nurture a strong faculty.”
 
Endowed professorships and chairs are academic designations which provide support for faculty salary, graduate assistantships, equipment and research needs, as well as other support.  These endowed faculty positions allow a university to attract and retain the best and the brightest academic minds in the world.

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