Inside INdiana Business

Rose-Hulman receives $10M gift from alumnus

(photo courtesy of Rose-Hulman Institute of Technology)

TERRE HAUTE, Ind. (Inside INdiana Business) – The Rose-Hulman Institute of Technology has received a $10 million donation for its undergraduate engineering college, among the largest in its history. Donors Niles and Nancy Noblitt provided the gift to support new student programming focused on developing leaders in the STEM fields.

After graduating from Rose-Hulman, Niles Noblitt co-founded Biomet Inc., a Warsaw-based biomedical device company now known as Zimmer Biomet Holdings Inc. (NYSE: ZBH).

“Our goal is to give back to the institute so it can continue to attract the very best students,” said Niles Noblitt. “Nancy and I want the institute to continue to draw gifted students who are leaders and whose immediate contributions will make a difference on campus and in the world.”

Noblitt is the current chairman of the Rose-Hulman Board of Trustees and has served on the board since 1977.

Noblitt became chairman of Biomet in 1986 and served in the role until his retirement in 2007. He currently serves as chairman of the board for MedShape Inc., a foot and ankle orthopedic device manufacturer headquartered in Atlanta.

“This generous gift from Niles and Nancy only helps to strengthen the position of Rose-Hulman as the premier educator of students in the STEM fields globally,” said Rose-Hulman President Robert Coons. “We’ll be announcing exciting details at our August 27 opening symposium about the programming this gift will help support as envisioned by the Noblitts, which is sure to further distinguish Rose-Hulman from other institutions of higher learning.”

Rose-Hulman says the Noblitts have previously established a student scholarship fund at the school.

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