Pharmacy Alumnus R. Ken Coit Donates $50 Million to College

Nov. 9, 2021
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R. Ken Coit, a 1967 College of Pharmacy graduate, announces a gift of $50 million to the college during a ceremony that also renamed the college after Coit.

R. Ken Coit, a 1967 College of Pharmacy graduate, announces a gift of $50 million to the college during a ceremony that also renamed the college after Coit.

The newly named R. Ken Coit College of Pharmacy is the beneficiary of a $50 million gift from the college’s namesake alumnus and entrepreneur. Coit’s gift is the largest that a Health Sciences college has received from an alumnus.

Coit made the announcement during a ceremony on Nov. 5 with University President Robert C. Robbins, MD, Foundation President John-Paul Roczniak, and Dean Rick Schnellmann, PhD.

Coit’s gift establishes six new endowed chairs, four new endowed professorships and an endowment for 42 new scholarships for the college’s doctor of pharmacy and other doctoral programs. In addition to the endowed chairs in drug discovery, neurodegenerative diseases and toxicology, the gift also will fund strategic investments in research equipment and facility upgrades.