September 11, 2008

National financial organization recognizes Purdue Research Foundation senior vice president

Joseph B. Hornett
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Recipients for the honor were chosen from more than 100,000 national corporate financial practitioners from corporations, agencies, government, academia and nonprofits. Selection criteria included current title, professional qualifications and personal achievements. In addition, all practitioners were required to have earned the Certified Treasury Professional/Certified Cash Manager designation.

The winners were acknowledged in the current issue of AFP Exchange magazine and on the Association of Financial Professionals Web site.

Hornett is responsible for managing the affairs of the nearly $1 billion 501(c)3 charitable organization that was founded in 1930 to exclusively serve the interests of Purdue University. He is charged with providing strategic direction and leadership in five mission-critical areas: endowment management, trust administration, real estate operations, technology commercialization and economic development initiatives.

Under Hornett's leadership, the foundation has seen annual patent applications, invention disclosures and royalty income from its technology commercialization efforts increase to record levels. Citing Purdue as a model, a recent report commissioned by the state of Connecticut and prepared by Innovation Associates titled "Accelerating Economic Development Through University Technology Transfer" praised Purdue's technology commercialization program and its business development initiatives.

About AFP

Located in Bethesda, Md., the Association for Financial Professionals serves more than 30,000 corporate treasury and financial management professionals. AFP provides professional certification, continuing education, public policy research, development of industry standards, financial tools and publications, training and career development, and representation to legislators and regulators.

About Purdue Research Foundation

The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. The foundation accepts gifts, administers trust, funds research scholarships and grants, acquires property and negotiates research contracts on behalf of Purdue. In the 1990s, the foundation was charged with helping the university in the realm of economic development. The Purdue Research Foundation oversees the Purdue Research Park, which is the largest university-affiliated business incubator in the country. In addition to the Purdue Research Park in West Lafayette, the foundation has established or is currently constructing technology parks in other locations around Indiana including Merrillville, New Albany and Indianapolis.

To the Purdue Research Park, https://www.purdueresearchpark.com

Purdue Research Park contact: Steve Martin, (765) 494-46872, sgmartin@prf.org