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AIT's Evans gave $48M to start Marian med school

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Michael Evans, the CEO of Indianapolis-based AIT Laboratories, donated $48 million to help construct the Marian University College of Osteopathic Medicine, prompting the school to name its medical school building after him.

Marian disclosed Evans’ 2010 donation Wednesday as it held a groundbreaking ceremony for its medical and nursing school building, which will be called the Michael A. Evans Center for Health Sciences.

Marian President Dan Elsener said he and the school’s board of trustees had to prevail on Evans to put his name on the building.

“Our hope is that every student who is educated here will be inspired by his legacy and understand how they can share their gifts with others as selflessly as he has,” Elsener said in a prepared statement.

Evans was an Army Ranger who served and was injured in Vietnam. After a lengthy recovery, he earned a doctorate in toxicology from the Indiana University School of Medicine. He later worked as a professor at the IU medical school, as well as at Vanderbilt University Medical Center, Illinois Institute of Technology, and the University of Illinois College of Medicine.

Evans is the founder of AIT Laboratories, which does toxicology and other kinds of testing for pharmaceutical companies, law enforcement agencies and others. At the end of 2010, it had grown to 460 workers and had annual revenue of $65 million.

In 2009, AIT instituted an employee stock ownership plan that transfers ownership of the company to its employees. A year after that transaction, he made his gift to Marian.

Marian, a small Catholic college on Cold Spring Road in Indianapolis, is starting the state’s second medical school. The school will enroll 150 medical students each year, beginning in 2013.

 

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  • hmmm...
    ...I always wonder why these millionaires have to put their name on a building/ institution when they *selflessly* give a bunch of money for things like this...are these guys (and gals, like Christel Dehaan) so insecure and/or have huge egos that need to be satisfied by seeing their name engraved in cement? For once I'd love to hear about an anonymous donor giving money for some worthy cause and insisting NO NAME is put on the building!
  • Progress
    The problem with our State, compared to our surrounding state neighbors, is that we have only 1 medical school. Even Kentucky has 2 medical schools as well as 1 DO medical school. This lack of diversity/competition has prevented our State to adequately train enough physicians to serve the our citizens. Historically since IU has not been considered a top flight research institution, we have been hampered in the area of medical discovery, clinical trials, etc. We need more forward thinking benefactors to invest and support more research medical schools at Purdue, Notre Dame, etc. Putting our eggs in one basket (IU) has been short-sighted and has hampered our State's progress in our emerging industry of biotechnology.
  • So...
    If he went to the IU School of Medicine, why didn't he donate the money there?

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