Purdue University will apparently make due without a $1 million endowment gift.

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Board of Trustees President Keith Krach says they got word from former College of Education Dean Marilyn Haring who says she's pulling her $1 million gift to protest the naming of Governor Mitch Daniels as Purdue's new president. Haring cited Daniels' lack of academic experience and said his political background may harm Purdue, not help it. Krach says despite that, Daniels remains the best possible choice. He citied Daniels' leadership abilities among other factors in the board's decision to appoint him.

Meantime, Indiana Fiscal Policy Institute's John Ketzenberger says Haring's action will probably have impact and the university will likely want to restate its choice to other donors. However, Ketzenberger adds that economic and political realities often dictate that university presidents possess strong abilities that predominantly include leadership and fundraising in addition intellectual prowess. Daniels takes over as Purdue President come January. Krach says Purdue has a $2 billion endowment.