Ferris State University said an alumnus has donated $5 million for its College of Pharmacy, the largest in the Big Rapids school's history.
The university announced the gift Monday, saying it will fund scholarships, an endowed chair for medical informatics and other activities.
The gift comes from 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 said he wants the pharmacy industry to recognize the important role Ferris has played in his personal and professional success.
In addition to the College of Pharmacy building being renamed in honor of the Hagerman family, the gift will fund the Hagerman Family Endowed Scholarship in Pharmacy, the Hagerman Family Pharmacy Scholarship Fund and the Hagerman Endowed Chair for Medical Informatics, the university said in a news release.
Founded in 1884 as Big Rapids Industrial School, Ferris State has about 15,000 students.