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Marshall uses up $15M Bucks for Brains allocation

Jan. 09, 2013 @ 05:03 PM

HUNTINGTON, W.Va. (AP) — Marshall University has used up its $15 million allocation from the state for available matching research funds.

The Bucks for Brains program was established by then-Gov. Joe Manchin in 2008 to promote world-class research at the state’s leading universities.  

The Legislature set aside $35 million to support research at West Virginia University and $15 million at Marshall. The schools had until 2015 to raise matching funds. WVU reached its goal last year.

Marshall said Wednesday its fundraising goal was met through a donation from Allied Realty Co. The $150,000 donation will support the Marshall Institute for Interdisciplinary Research and the university’s College of Fine Arts. Since 2008, Allied has donated a total of $450,000 for research at Marshall.

Marshall’s Bucks for Brains program has resulted in 16 new research endowments.