Ferris State University receives $5 million gift

Associated Press

Big Rapids — Ferris State University says it’s received a $5 million gift, the largest in the Big Rapids school’s history.

The university announced Monday that the contribution to its College of Pharmacy will be used for student scholarships, an endowed chair for medical informatics and other purposes. It was donated by Phil and Jocelyn Hagerman as well as the Hagerman Foundation.

Phil Hagerman is chairman and CEO of Flint-based Diplomat Pharmacy Inc. He and several members of his family are Ferris alumni.

Hagerman says in a statement that he wants to ensure that the pharmacy industry recognizes the important role that the university has played in his personal and professional success.

The school’s pharmacy facility will be renamed the Hagerman Pharmacy Building.