|
|
|
|
|
|
|
| Allied
Organizations |
| Ross-Ade
Foundation |
| Incorporated
in November 1923 to finance the building of Purdue’s
stadium, the Ross-Ade Foundation has aided the University
by providing many other facilities, including the land
and buildings (such as University parking facilities).
This nonprofit corporation raised the funds to buy
land and provide buildings at the Purdue regional campus
at Hammond, the Industrial Research Building at Hammond,
the Purdue University regional campus at Fort Wayne,
the North Central regional campus, and the Indianapolis
campus with its Krannert Building. The University pays
annual rentals to the foundation to use the buildings
and grounds until the debt is extinguished. When the
property is debt-free, the foundation will transfer
the property to Purdue University or rental charges
will be reduced to the nominal sum of $1 per year.
|
|
|
|