Krannert School of Management
In 1960, Purdue University began to develop the first relationships with Krannert. He was referred to Emanuel Weiler for advice regarding his Indianapolis-based firm, Inland Container Corp., and later Krannert approved a management development program for his executives to be taught by Purdue faculty.
In 1962, Herman and Ellnora Krannert donated $2.73 million to Purdue University to establish The Krannert Graduate School of Industrial Administration, the university's first endowed school. The money went to provide for a new building and trust fund.
Herman Krannert received an honorary Doctorate of Industrial Administration from President Hovde, president of Purdue, in 1962.
Read more about this topic: Herman C. Krannert, Philanthropy
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