Schering-Plough Foundation $250,000 Grant Funds Endowed Fellowship for Pharmaceutical MBA Program at Fairleigh Dickinson University
Madison, NJ (January 5, 2010)— A $250,000 grant from the Schering-Plough Foundation to FDU’s Silberman College of Business will fund the creation of an endowed fellowship for first-year MBA students enrolled in the school’s pharmaceutical management program.
The Schering-Plough Fellowship will allow the University to recruit and attract the best and brightest MBA students who will be eligible for this financial assistance. This grant comes at an opportune time as many corporations are cutting back on employee education reimbursement in the down economy. One Schering-Plough Fellow will be chosen per year from the pool of incoming MBA students enrolling at the Silberman College of Business.
To recognize the recent $250,000 grant to Fairleigh Dickinson University and the overall relationship the two institutions have had spanning the past decade, FDU hosted an event on December 18 on its College of Florham campus in Madison. During the past decade, under FDU President Michael J. Adams’ leadership, Schering-Plough has supported nearly $1 million in projects and programs at the University.
“We are extremely proud of the University’s partnership with Schering-Plough,” said Fairleigh Dickinson University President J. Michael Adams. “The considerable financial and professional support we have received from Schering-Plough has allowed us make significant investments and improvements in our academic programs and facilities.”
In addition to the $250,000 endowment, the list of FDU programs supported by Schering-Plough includes:
· A $300,000 grant for the renovation and creation of a new chemistry research laboratory cluster at FDU’s College at Florham campus.
· A $50,000 grant for planning and curriculum development for FDU’s new School of Pharmacy.
· $50,000 for Schering Plough undergraduate scholarships.
“Schering-Plough has had a longstanding commitment to supporting programs that prepare individuals for careers in the life sciences,” said Schering-Plough Foundation President Erica Ferry. “It is very gratifying to watch the outstanding work Fairleigh Dickinson is doing to develop tomorrow’s health science professionals. The Schering-Plough Foundation is proud to have contributed to the university’s efforts.”
During its 54 year history, the Schering-Plough Foundation was dedicated to working with the citizens of local communities to help them realize their full potential and enhance their quality of life by targeting its grants in three major areas: health, education and community initiatives. Schering-Plough Corporation merged with Merck & Co. Inc. on Nov. 4, 2009.
About Fairleigh Dickinson University
FDU’s two New Jersey campuses offer doctoral, master’s, bachelor’s and associate degrees; the University also has campuses in Wroxton, England, and Vancouver, British Columbia. Dedicated to the preparation of global citizens, Fairleigh Dickinson features more than 100 degree programs and was the first traditional university to require that all undergraduate students take one distance-learning course per year. With more than 12,000 students, it is the largest private university in New Jersey.
For more information on Fairleigh Dickinson University, visit www.fdu.edu.