Welcome!

News Feed Item

University of Minnesota receives $25 million commitment from Land O'Lakes, Inc. and the Land O'Lakes Foundation

Commitment invests in U colleges, Gopher Athletics and their students

MINNEAPOLIS and ST. PAUL, Minn., Sept. 2, 2014 /PRNewswire/ -- Land O'Lakes, Inc. announced today that it will invest $25 million in University of Minnesota academics and Gopher Athletics -- one of the largest single corporate commitments in University history and the largest commitment ever made collectively by Land O'Lakes, Inc. and the Land O'Lakes Foundation.

"Today's announcement underscores our commitment to educational excellence and further strengthens our investment in the pipeline of talent from the University of Minnesota," said Christopher Policinski, president and CEO of Land O'Lakes, Inc. "Land O'Lakes has doubled in size over the past five years and is committed to continue to grow its food and agricultural businesses both domestically and internationally.  It is going to take high caliber talent to achieve our business goals.  We are pleased to be partnering with the University to help create a holistic student experience that equips graduates for a competitive marketplace, but also inspires the well-rounded talent necessary to meet the challenge of feeding a growing global population. We look forward to continuing our long-standing relationship and building a strategic partnership with this great institution."

The monetary commitment is largely philanthropic, but also includes an element of sponsorship. It is one of the first ever agreements between the University and a business partner to have a broad-ranging impact that will include support for student-athletes and academic programs, including student scholarships, academic and development excellence within Gopher Athletics, internship opportunities and faculty research, among other things. It will fund projects and initiatives throughout numerous University departments and colleges including Intercollegiate Athletics; the College of Food, Agricultural and Natural Resource Sciences; the Carlson School of Management; and the College of Science and Engineering.

"Meaningful partnerships with Minnesota businesses are vital to the success of our students and the state's economic future," said University of Minnesota President Eric Kaler. "The 40-plus-year partnership between the U and Land O'Lakes is one in which we take great pride. This new commitment and innovative model of support will advance our teaching, student support, athletic programs and research mission, and will further position the U as a continued leader in addressing society's pressing challenges."

As part of the commitment, Land O'Lakes will receive naming rights to a new center for excellence that will be located in the Athletics Village, the centerpiece of Gopher Athletics' new facilities plan. The 60,000 square-foot facility will house academic, nutritional and leadership development programs for all University students and student-athletes alike, and is anticipated to open in fall 2016.  Fifteen million dollars of the commitment will fund this facility.

The $25 million commitment will be provided to the U of M between 2015 through 2024.

WHEN: 3 p.m. Wednesday, Sept. 3, 2014
WHAT: Celebration and program highlighting the enhanced partnership between the U and Land O'Lakes
WHO: Christopher Policinski, president and CEO of Land O'Lakes, and Eric W. Kaler, president of the University of Minnesota, students, faculty and staff
WHERE: Northrop Mall on the University's East Bank

About Land O'Lakes, Inc.
Land O'Lakes, Inc., one of America's premier agribusiness and food companies, is a member-owned cooperative with industry-leading operations that span the spectrum from farm production to consumer foods. With 2013 annual sales of more than $14.2 billion, Land O'Lakes is one of the nation's largest cooperatives, ranking 199 on the Fortune 500.  Building on a legacy of more than 93 years of operation, Land O'Lakes today operates some of the most respected brands in agribusiness and food production including LAND O LAKES® Dairy Foods, Purina Animal Nutrition and WinField. The company does business in all 50 states and more than 60 countries. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, Minn.

About the Land O'Lakes Foundation
The Land O'Lakes Foundation was established in 1996 and is made possible by support from Land O'Lakes, Inc. In addition to distributing the John Brandt Memorial Foundation Scholarship, the Foundation awards community grants to projects that develop and strengthen organizations dedicated to hunger relief, education and the community.

About the University of Minnesota
Founded in 1851, the University of Minnesota is ranked among the nation's top public research universities. As a land-grant institution, the U of M is committed to engaging Minnesota, national and global communities to advance interdisciplinary knowledge; enhance students' academic, civic, career, social and personal development; and apply intellectual and human capital to serve the public good.

SOURCE Land O'Lakes, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
FinTech is the sum of financial and technology, and it’s one of the fastest growing tech industries. Total global investments in FinTech almost reached $50 billion last year, but there is still a great deal of confusion over what it is and what it means – especially as it applies to retirement. Building financial startups is not simple, but with the right team, technology and an innovative approach it can be an extremely interesting domain to disrupt. FinTech heralds a financial revolution that...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facing...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...