In 2003, Hutton gave $9 million to IU to establish an endowment for the International Experiences Program. IU subsequently named the program for him. The university is matching the interest income from his gift in accordance with an initiative that provides matching funds for new gifts of scholarships and fellowships for the IU Bloomington campus.
"Ed Hutton has added new meaning to President Herman Wells' statement that the campus of Indiana University is not just in Bloomington, not just in Indiana or in the United States, but extends around the globe," said then IU President Adam W. Herbert. "He has helped our students become citizens of the world, and for that he has our enduring gratitude."
After his Army service, Hutton moved to New York, continuing to work in international trade. In 1951, he joined W.R. Grace & Co., where he became a senior officer and director. Returning to the Midwest in the 1970s, Hutton became president, chief executive officer and eventually chairman of Chemed and Omnicare, which is the leading firm in the United States supplying pharmaceuticals to nursing home patients.
The beneficiary of an IU scholarship and of mentoring from caring faculty members, Hutton was generous in funding other student scholarships and endowed faculty professorships at IU through the IU Foundation. He also chaired the IU Foundation's volunteer fund-raising committee that raised $23 million for the Herman B Wells Scholars Program in the 1980s. Hutton received an honorary Doctor of Laws degree from IU in 1992 and the IU Foundation's Herman B Wells Visionary award in 2002.
Hutton died Tuesday, March 3, 2009, at the age of 89. Read IU's remembrance of Edward L. Hutton.