ConnectionsFor Friends of the Iowa State University Foundation
t ANNUAL REPORT t $12 MILLION CRAIG ENDOWMENT t NEW SCHOLARSHIPS t FACULTY SUPPORT t
F A L L 2 0 0 6
The Spirit of GivingMakes Great Things
Happen At Iowa State
The Spirit of GivingMakes Great Things
Happen At Iowa State
July marked my fifthanniversary at IowaState and I would
like to thank all of thewonderful people that I have met and workedwith for making thisuniversity such a specialplace. I am especiallyproud of our achieve-ments in building theacademic excellence of the university, withoutstanding facultyand superb students. I am also extremelyproud of the privatesupport our universitygenerates from thou-sands of donors likeyou each year.
In fiscal year 2006, more than
54,000 benefactors made new
gifts and commitments to the
university totaling almost $92
million. That’s like having 92
million reasons to say “thank
you” to those who believe in
our mission and the future of
Iowa State. Our fundraising
efforts have significantly
increased from $38.2 million
in FY03, to $63.2 million in
FY04 to $83.2 million in
FY05—and I want to thank
all of you for being part of
this amazing effort.
While our private support
has been outstanding, we have
much work yet to do. I have
written in the past about our
upcoming comprehensive
fundraising campaign, one that
will be the largest ever at Iowa
State. By this time next year,
you will be hearing many more
details about this effort and
how we plan to transform this
university by creating, sharing
and applying knowledge to
improve lives worldwide.
This fall we are busy with
many exciting events. We will
be holding several medallion
ceremonies to install professors
into newly created endowed
faculty positions. These named
faculty positions allow Iowa
State to recruit and retain
world-class leaders who make a
lasting impact on our students
and research programs, and
one of my highest honors is
to recognize faculty members
in this manner.
On October 21, during
Homecoming Weekend, we
will hold the groundbreaking
ceremony for the Dr. W.
Eugene and Linda Lloyd
Veterinary Teaching Hospital,
a $51 million project made
possible through private sup-
port and funds provided by
the Iowa Legislature.
And I will be talking with
many of you during my fre-
quent visits across the country
that give me the enjoyable
opportunity to meet with
alumni and friends to hear
first-hand your thoughts about
our future.
It’s a great time to be at
Iowa State—a university filled
with so much pride and pur-
pose. We have a proud history
of academic and scientific
excellence and an even greater
promise of preeminence as our
ambitious goals and strategic
plan propel us toward higher
levels of distinction.
Thank you again for your
very generous support of Iowa
State University. It has been a
great pleasure to work with
so many wonderful supporters
over the last five years. t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
92 Million Reasons to Say Thank You
In fiscal year 2006,more than 54,000
benefactors made newgifts and commitmentsto the university total-ing almost $92 million.That’s like having 92million reasons to say“thank you” to thosewho believe in ourmission and the
future of Iowa State.
1
ConnectionsF A L L 2 0 0 6
Connections is published three times per year by the Iowa State UniversityFoundation—a private, non-profit corp-oration dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. Thismagazine serves as a link between IowaState and benefactors who support theuniversity. You are receiving this publica-tion as an important member of the Iowa State family. We welcome yourcomments, suggestions and questions.
Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: [email protected]
The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, gender identity, sex, maritalstatus, disability, or status as a U.S. veteran. Any persons having inquiriesconcerning this may contact humanresources, ISU Foundation, 515-294-4607.
Cara K. Heiden, Chair Urbandale, Iowa
Sandra L. Davis, Vice ChairEdina, Minn.
David W. Van Wert, SecretarySun City West, Ariz.
Steven T. Schuler, TreasurerUrbandale, Iowa
Lyle P. Campbell Paradise Valley, Ariz.
Gregory L. Geoffroy Ames, Iowa
Labh S. Hira Ames, Iowa
Sharon L. JuonWaterloo, Iowa
Gerald A. Kolschowsky Oak Brook, Ill.
Joanne M. Kuster Johnston, Iowa
Robert E. McLaughlinArlington, Va.
Owen J. NewlinDes Moines, Iowa
James P. SteinMuscatine, Iowa
Sheryl K. SundermanDallas, Texas
Roger C. UnderwoodAmes, Iowa
Marvin J. WalterAmes, Iowa
Stephen L. WatsonSouth Natick, Mass.
IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06
IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM
Daniel P. Saftig, presidentDebra Engle, senior vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, senior director of human resources and governance
July marked my fifthanniversary at IowaState and I would
like to thank all of thewonderful people that I have met and workedwith for making thisuniversity such a specialplace. I am especiallyproud of our achieve-ments in building theacademic excellence of the university, withoutstanding facultyand superb students. I am also extremelyproud of the privatesupport our universitygenerates from thou-sands of donors likeyou each year.
In fiscal year 2006, more than
54,000 benefactors made new
gifts and commitments to the
university totaling almost $92
million. That’s like having 92
million reasons to say “thank
you” to those who believe in
our mission and the future of
Iowa State. Our fundraising
efforts have significantly
increased from $38.2 million
in FY03, to $63.2 million in
FY04 to $83.2 million in
FY05—and I want to thank
all of you for being part of
this amazing effort.
While our private support
has been outstanding, we have
much work yet to do. I have
written in the past about our
upcoming comprehensive
fundraising campaign, one that
will be the largest ever at Iowa
State. By this time next year,
you will be hearing many more
details about this effort and
how we plan to transform this
university by creating, sharing
and applying knowledge to
improve lives worldwide.
This fall we are busy with
many exciting events. We will
be holding several medallion
ceremonies to install professors
into newly created endowed
faculty positions. These named
faculty positions allow Iowa
State to recruit and retain
world-class leaders who make a
lasting impact on our students
and research programs, and
one of my highest honors is
to recognize faculty members
in this manner.
On October 21, during
Homecoming Weekend, we
will hold the groundbreaking
ceremony for the Dr. W.
Eugene and Linda Lloyd
Veterinary Teaching Hospital,
a $51 million project made
possible through private sup-
port and funds provided by
the Iowa Legislature.
And I will be talking with
many of you during my fre-
quent visits across the country
that give me the enjoyable
opportunity to meet with
alumni and friends to hear
first-hand your thoughts about
our future.
It’s a great time to be at
Iowa State—a university filled
with so much pride and pur-
pose. We have a proud history
of academic and scientific
excellence and an even greater
promise of preeminence as our
ambitious goals and strategic
plan propel us toward higher
levels of distinction.
Thank you again for your
very generous support of Iowa
State University. It has been a
great pleasure to work with
so many wonderful supporters
over the last five years. t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
92 Million Reasons to Say Thank You
In fiscal year 2006,more than 54,000
benefactors made newgifts and commitmentsto the university total-ing almost $92 million.That’s like having 92million reasons to say“thank you” to thosewho believe in ourmission and the
future of Iowa State.
1
ConnectionsF A L L 2 0 0 6
Connections is published three times per year by the Iowa State UniversityFoundation—a private, non-profit corp-oration dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. Thismagazine serves as a link between IowaState and benefactors who support theuniversity. You are receiving this publica-tion as an important member of the Iowa State family. We welcome yourcomments, suggestions and questions.
Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: [email protected]
The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, gender identity, sex, maritalstatus, disability, or status as a U.S. veteran. Any persons having inquiriesconcerning this may contact humanresources, ISU Foundation, 515-294-4607.
Cara K. Heiden, Chair Urbandale, Iowa
Sandra L. Davis, Vice ChairEdina, Minn.
David W. Van Wert, SecretarySun City West, Ariz.
Steven T. Schuler, TreasurerUrbandale, Iowa
Lyle P. Campbell Paradise Valley, Ariz.
Gregory L. Geoffroy Ames, Iowa
Labh S. Hira Ames, Iowa
Sharon L. JuonWaterloo, Iowa
Gerald A. Kolschowsky Oak Brook, Ill.
Joanne M. Kuster Johnston, Iowa
Robert E. McLaughlinArlington, Va.
Owen J. NewlinDes Moines, Iowa
James P. SteinMuscatine, Iowa
Sheryl K. SundermanDallas, Texas
Roger C. UnderwoodAmes, Iowa
Marvin J. WalterAmes, Iowa
Stephen L. WatsonSouth Natick, Mass.
IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06
IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM
Daniel P. Saftig, presidentDebra Engle, senior vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, senior director of human resources and governance
2
Cara Heiden is thevolunteer chair ofthe ISU Foundation
board of directors. Inthis capacity, she isultimately responsiblefor the direction, poli-cies and success of thefoundation. She is serving a two-yearterm which will expirein July 2007. Cara haslived in Iowa nearly all her life. Growing up in the small town of Denison, Caraattended high school,worked various jobsand helped with thefamily business.
“My father was a contractor-
builder in Denison. By watch-
ing him, I found what it means
to a family to own a home and
how happy they were when it
was completed,” recalls Cara.
“My father did the construc-
tion, my mother did all of the
wood finishing and I would
clean up the site for dad. It
was truly a family focus.”
After high school, Cara
moved to Nebraska where she
enrolled in Concordia Teachers
College. At the end of her
freshman year, she moved back
to Iowa to be closer to her ail-
ing father. She enrolled at Iowa
State and began to think more
about her career goals.
“I began asking myself
questions about the direction
I wanted my career to take,”
she says. “I loved math and
financial analytics. A friend of
mine was pursuing a degree in
accounting and he convinced
me that I’d use my skills more
as a certified public accountant.”
It paid off and has led to a
successful career. Cara is the
division president for Wells
Fargo Home Mortgage and is
the highest ranking woman in
mortgage banking. With 28,000
employees in all 50 states,
Wells Fargo produced over
$392 billion in mortgage fund-
ing last year alone. “I absolutely
love what I do,” she says.
Today, Cara, her husband
Kurt, and their three daughters,
Erica, Emily and Ellie, live in
Urbandale, Iowa. Cara works
hard to balance the demands of
a career with the other passions
in her life—family, church and
volunteer activities. At Iowa
State University, Cara is an
Order of the Knoll member,
sits on the College of Business
dean’s advisory council, serves
as an ISU Foundation governor
and is chair of the ISU
Foundation’s board of directors.
“I’m personally very pas-
sionate about Iowa State,” Cara
says. “When I look back at my
years at ISU, I really appreciate
the relationships I had with the
professors. Many of them were
very important in my life and
I want future ISU students to
have the same experiences.”
Cara sees her involvement
with Iowa State as both a way
to give back to her alma mater,
but also as an investment in
education and the future.
“I have been very blessed in
my life and I feel very strongly
that it’s my responsibility to
give back,” she says. “By con-
tributing financially, I can
acknowledge what Iowa State
did for me, but I also have the
opportunity to make the future
even more exciting for ISU.”
In addition to her involve-
ment with Iowa State, Cara is
active with several organiza-
tions including the United Way
of Central Iowa, Iowa Business
Council, Habitat for Humanity
and Trinity Lutheran Church.
“It’s personally very satisfy-
ing when you find something
you’re passionate about, take a
leadership position and provide
financial support. That’s how
you can really make a differ-
ence,” she said. t
Board Chair is Passionate About Iowa State
Bryce Pearsall, FAIAis one of those busypeople who still
makes time for others. A1971 graduate of IowaState with a bachelor’sdegree in architecture,Bryce is one of fourmanaging principals in the DLR Group,ranked the 13th largestarchitectural and engi-neering firm in thenation according toBuilding Design andConstruction magazine.
With 14 offices and 500
employees across the United
States, he spends a lot of time
traveling from his home base in
Phoenix, Ariz. But still, when
he was asked to join the archi-
tecture advisory council in
1997, he answered the call.
Recently Bryce has moved
on to serve as president
of ISU College of Design’s
advancement council where
he is helping the college realize
its development goals—both
personally and professionally.
Bryce and his wife, Rita
(who also attended Iowa State
as did their daughter, Regan, a
2004 graduate) have now made
a significant commitment to
help fund a 22,000-square-foot
building to house studio space
for students within the college.
Combined with contributions
from DLR Group, on behalf of
its ISU employees, a commit-
ment to education in the
College of Design is clearly
embedded from the Pearsall’s
and DLR Group.
“The College of Design
strongly needs the expansion
of facilities and programs as
well as assistance for staff,”
says Bryce. “This is a real area
of interest for us and the place
we felt we could help.”
This is not the first time the
Pearsalls or the DLR Group have
contributed funds to Iowa State.
In addition, Bryce and the com-
pany have heavily recruited ISU
College of Design and College of
Engineering graduates for years.
“Right now we have about 30 or
40 Iowa State graduates on our
staff, and we stay involved on
behalf of all the alumni in our
company,” he says.
“There are great leaders and
great faculty within the College
of Design,” Bryce says. “And
Iowa State has tremendous
leadership. There is an ethic
and a commitment at Iowa
State that is unsurpassed in
the country.”
Bryce says the new struc-
ture, which will also foster sus-
tainable design practice, will be
a “tremendous asset in thought
provocation for the students.
It will offer space where the
students can do work that is
philosophically in tune with
where our profession and the
world need to be going.”
Since becoming active as an
alum in the mid-90s, Bryce has
taken great pleasure in his time
spent at Iowa State with faculty
and students. “These last 10
years have been invaluable. I
couldn’t put a price tag on it.
I learn from the students, and,
hopefully, the students learn
from me. It’s been a ball!” t
New Studio Space Will Benefit Students
3
Rita and Bryce Pearsall
Cara Heiden is division president forWells Fargo Home Mortgage andchair of the ISU Foundation board of directors.
2
Cara Heiden is thevolunteer chair ofthe ISU Foundation
board of directors. Inthis capacity, she isultimately responsiblefor the direction, poli-cies and success of thefoundation. She is serving a two-yearterm which will expirein July 2007. Cara haslived in Iowa nearly all her life. Growing up in the small town of Denison, Caraattended high school,worked various jobsand helped with thefamily business.
“My father was a contractor-
builder in Denison. By watch-
ing him, I found what it means
to a family to own a home and
how happy they were when it
was completed,” recalls Cara.
“My father did the construc-
tion, my mother did all of the
wood finishing and I would
clean up the site for dad. It
was truly a family focus.”
After high school, Cara
moved to Nebraska where she
enrolled in Concordia Teachers
College. At the end of her
freshman year, she moved back
to Iowa to be closer to her ail-
ing father. She enrolled at Iowa
State and began to think more
about her career goals.
“I began asking myself
questions about the direction
I wanted my career to take,”
she says. “I loved math and
financial analytics. A friend of
mine was pursuing a degree in
accounting and he convinced
me that I’d use my skills more
as a certified public accountant.”
It paid off and has led to a
successful career. Cara is the
division president for Wells
Fargo Home Mortgage and is
the highest ranking woman in
mortgage banking. With 28,000
employees in all 50 states,
Wells Fargo produced over
$392 billion in mortgage fund-
ing last year alone. “I absolutely
love what I do,” she says.
Today, Cara, her husband
Kurt, and their three daughters,
Erica, Emily and Ellie, live in
Urbandale, Iowa. Cara works
hard to balance the demands of
a career with the other passions
in her life—family, church and
volunteer activities. At Iowa
State University, Cara is an
Order of the Knoll member,
sits on the College of Business
dean’s advisory council, serves
as an ISU Foundation governor
and is chair of the ISU
Foundation’s board of directors.
“I’m personally very pas-
sionate about Iowa State,” Cara
says. “When I look back at my
years at ISU, I really appreciate
the relationships I had with the
professors. Many of them were
very important in my life and
I want future ISU students to
have the same experiences.”
Cara sees her involvement
with Iowa State as both a way
to give back to her alma mater,
but also as an investment in
education and the future.
“I have been very blessed in
my life and I feel very strongly
that it’s my responsibility to
give back,” she says. “By con-
tributing financially, I can
acknowledge what Iowa State
did for me, but I also have the
opportunity to make the future
even more exciting for ISU.”
In addition to her involve-
ment with Iowa State, Cara is
active with several organiza-
tions including the United Way
of Central Iowa, Iowa Business
Council, Habitat for Humanity
and Trinity Lutheran Church.
“It’s personally very satisfy-
ing when you find something
you’re passionate about, take a
leadership position and provide
financial support. That’s how
you can really make a differ-
ence,” she said. t
Board Chair is Passionate About Iowa State
Bryce Pearsall, FAIAis one of those busypeople who still
makes time for others. A1971 graduate of IowaState with a bachelor’sdegree in architecture,Bryce is one of fourmanaging principals in the DLR Group,ranked the 13th largestarchitectural and engi-neering firm in thenation according toBuilding Design andConstruction magazine.
With 14 offices and 500
employees across the United
States, he spends a lot of time
traveling from his home base in
Phoenix, Ariz. But still, when
he was asked to join the archi-
tecture advisory council in
1997, he answered the call.
Recently Bryce has moved
on to serve as president
of ISU College of Design’s
advancement council where
he is helping the college realize
its development goals—both
personally and professionally.
Bryce and his wife, Rita
(who also attended Iowa State
as did their daughter, Regan, a
2004 graduate) have now made
a significant commitment to
help fund a 22,000-square-foot
building to house studio space
for students within the college.
Combined with contributions
from DLR Group, on behalf of
its ISU employees, a commit-
ment to education in the
College of Design is clearly
embedded from the Pearsall’s
and DLR Group.
“The College of Design
strongly needs the expansion
of facilities and programs as
well as assistance for staff,”
says Bryce. “This is a real area
of interest for us and the place
we felt we could help.”
This is not the first time the
Pearsalls or the DLR Group have
contributed funds to Iowa State.
In addition, Bryce and the com-
pany have heavily recruited ISU
College of Design and College of
Engineering graduates for years.
“Right now we have about 30 or
40 Iowa State graduates on our
staff, and we stay involved on
behalf of all the alumni in our
company,” he says.
“There are great leaders and
great faculty within the College
of Design,” Bryce says. “And
Iowa State has tremendous
leadership. There is an ethic
and a commitment at Iowa
State that is unsurpassed in
the country.”
Bryce says the new struc-
ture, which will also foster sus-
tainable design practice, will be
a “tremendous asset in thought
provocation for the students.
It will offer space where the
students can do work that is
philosophically in tune with
where our profession and the
world need to be going.”
Since becoming active as an
alum in the mid-90s, Bryce has
taken great pleasure in his time
spent at Iowa State with faculty
and students. “These last 10
years have been invaluable. I
couldn’t put a price tag on it.
I learn from the students, and,
hopefully, the students learn
from me. It’s been a ball!” t
New Studio Space Will Benefit Students
3
Rita and Bryce Pearsall
Cara Heiden is division president forWells Fargo Home Mortgage andchair of the ISU Foundation board of directors.
Many faculty, students and programs at Iowa
State University willbenefit from a recent$12 million bequestfrom Iowa State alum-na, Frances Craig. Oneof the largest gifts onrecord at ISU comesfrom the 1949 homeeconomics graduatewho passed away onNov. 26, 2005 at age 79.
“Frances, or Frannie as we
called her, always knew she
was going to leave her assets
to Iowa State
but she never
talked about
it,” says Midge
Toole, Frances’
cousin. “She
never wanted
to call attention to herself. She
liked staying in the background.”
Even as a kid growing up in
Des Moines, Frances was quiet
and shy. Her parents, Mary
and Dan Craig, came from big
families, so Frances was always
surrounded by many aunts,
uncles and cousins living
nearby. Only one year apart
in age, Frances and her cousin,
Midge, became very close.
“I would stay overnight with
Frannie often. Like her, I was
also an only child so we got
thrown together a lot,” recalls
Midge. “She was very quiet and
unassuming. You could often
find her off alone somewhere
reading a book. It wasn’t until
her early teens that she began
participating more.”
Frances’ extended family
was large and very close-knit.
They did the traditional family
activities together, celebrated
holidays and birthdays and also
shared a strong affection for
Iowa State University.
“Frannie’s dad, Dan Craig,
not only graduated from ISU
but became president of the
ISU Alumni Association in
1939. My father, two of his
brothers and six cousins all
went to Iowa State,” Midge
laughs. “As far as our family
was concerned, you were going
to attend ISU, there was really
no decision to be made.”
Frances followed in her
family’s footsteps. After a year
at William Woods College, an
all-girls school in Missouri,
Frances enrolled at Iowa State.
She became active in her soror-
ity and graduated in 1949 with
a bachelor’s degree in home
economics.
“I think she was very happy
at ISU,” recalls Midge. “We
were in the same sorority and
she got involved a bit with the
group activities. She was there
to do her part and do it well.”
Upon graduation, Frances
taught home economics in a
high school on the west coast
for a couple of years before
moving to the Chicago area.
There, she worked as an execu-
tive secretary for the Greyhound
Corporation. While in Illinois,
Frances earned a master’s
degree in education and discov-
ered a love for traveling. She
toured around the United
States and visited several coun-
tries including China, England,
Ireland and Scotland.
“I remember a trip we took
to Hawaii in 1952. Frannie
loved it there, but she was not a
sun-lover. We would sit around
the pool and Frannie would sit
there in a long sleeved shirt and
a towel over her face and legs
just looking like a mummy,”
laughs Midge. “But she loved
to explore and see the sights.”
Frances, who was often
described as “her father’s
daughter” because of their close
relationship and similar man-
nerisms, also visited Iowa often.
Dan Craig died in 1958 and
when his wife, Mary, died in
1991, Frances received a large
inheritance. Soon after she
established her will, and
because Frances had no chil-
dren and never married, she
decided to leave the bulk of
her estate to Iowa State as a
way to honor her parents.
“I believe Frannie did it as a
way to honor her father,” Midge
explains. “She absolutely adored
him and the whole family loved
Alumna Honors Family with $12 Million Gift to Iowa State
4 ISU, so it was a way to honor
him more than anything.”
Frances died on November
26, 2005, at the age of 79, and
left behind a great legacy. Her
bequest, combined with past
family gifts to Iowa State,
created the Craig Family Fund;
with earnings to be used at ISU
for areas of greatest need.
“The gift made by Frances
Craig is a wonderful example
of how ISU’s alumni keep this
university great,” says ISU
President Gregory Geoffroy.
“This gift will help Iowa State
continue on the path of aca-
demic excellence while sup-
porting our incredible faculty
and students, and for that we
are truly grateful.” tFrances Craig
Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.
“This gift will helpIowa State continue
on the path of academic excellencewhile supporting ourincredible faculty andstudents, and for thatwe are truly grateful.”
5
Many faculty, students and programs at Iowa State
University will benefit from a recent $12 million
bequest from Iowa State alumna, Frances Craig.
Combined with past family gifts, the bequest con-
stitutes the Craig Family Fund, an endowment
with earnings directed to strategic priorities at the
president’s discretion. With faculty support at the
top of the priority list, ISU President Gregory L.
Geoffroy utilized initial earnings to establish the
Frances M. Craig Chair in Chemistry. Professor
Mark Gordon, whose research focuses on areas
of theoretical and computational chemistry, was
recently honored with this distinguished position.
“It’s very meaningful that the university has
chosen to recognize me in this way,” said Mark
Gordon, Frances M. Craig Chair in Chemistry. “It’s
a validation of what I have accomplished and it’s
also a little bit humbling because there are so
many great people at ISU.”
In addition to the honor and prestige associat-
ed with holding a named position, it also allows
Iowa State to remain competitive for top faculty.
“A gift of this nature gives President Geoffroy
the resources to act when opportunities arise that
will both reward and retain our outstanding facul-
ty,” said Dan Saftig, ISU Foundation president. t
Craig Family Fund Bestows Honor and Support to Faculty
Many faculty, students and programs at Iowa
State University willbenefit from a recent$12 million bequestfrom Iowa State alum-na, Frances Craig. Oneof the largest gifts onrecord at ISU comesfrom the 1949 homeeconomics graduatewho passed away onNov. 26, 2005 at age 79.
“Frances, or Frannie as we
called her, always knew she
was going to leave her assets
to Iowa State
but she never
talked about
it,” says Midge
Toole, Frances’
cousin. “She
never wanted
to call attention to herself. She
liked staying in the background.”
Even as a kid growing up in
Des Moines, Frances was quiet
and shy. Her parents, Mary
and Dan Craig, came from big
families, so Frances was always
surrounded by many aunts,
uncles and cousins living
nearby. Only one year apart
in age, Frances and her cousin,
Midge, became very close.
“I would stay overnight with
Frannie often. Like her, I was
also an only child so we got
thrown together a lot,” recalls
Midge. “She was very quiet and
unassuming. You could often
find her off alone somewhere
reading a book. It wasn’t until
her early teens that she began
participating more.”
Frances’ extended family
was large and very close-knit.
They did the traditional family
activities together, celebrated
holidays and birthdays and also
shared a strong affection for
Iowa State University.
“Frannie’s dad, Dan Craig,
not only graduated from ISU
but became president of the
ISU Alumni Association in
1939. My father, two of his
brothers and six cousins all
went to Iowa State,” Midge
laughs. “As far as our family
was concerned, you were going
to attend ISU, there was really
no decision to be made.”
Frances followed in her
family’s footsteps. After a year
at William Woods College, an
all-girls school in Missouri,
Frances enrolled at Iowa State.
She became active in her soror-
ity and graduated in 1949 with
a bachelor’s degree in home
economics.
“I think she was very happy
at ISU,” recalls Midge. “We
were in the same sorority and
she got involved a bit with the
group activities. She was there
to do her part and do it well.”
Upon graduation, Frances
taught home economics in a
high school on the west coast
for a couple of years before
moving to the Chicago area.
There, she worked as an execu-
tive secretary for the Greyhound
Corporation. While in Illinois,
Frances earned a master’s
degree in education and discov-
ered a love for traveling. She
toured around the United
States and visited several coun-
tries including China, England,
Ireland and Scotland.
“I remember a trip we took
to Hawaii in 1952. Frannie
loved it there, but she was not a
sun-lover. We would sit around
the pool and Frannie would sit
there in a long sleeved shirt and
a towel over her face and legs
just looking like a mummy,”
laughs Midge. “But she loved
to explore and see the sights.”
Frances, who was often
described as “her father’s
daughter” because of their close
relationship and similar man-
nerisms, also visited Iowa often.
Dan Craig died in 1958 and
when his wife, Mary, died in
1991, Frances received a large
inheritance. Soon after she
established her will, and
because Frances had no chil-
dren and never married, she
decided to leave the bulk of
her estate to Iowa State as a
way to honor her parents.
“I believe Frannie did it as a
way to honor her father,” Midge
explains. “She absolutely adored
him and the whole family loved
Alumna Honors Family with $12 Million Gift to Iowa State
4 ISU, so it was a way to honor
him more than anything.”
Frances died on November
26, 2005, at the age of 79, and
left behind a great legacy. Her
bequest, combined with past
family gifts to Iowa State,
created the Craig Family Fund;
with earnings to be used at ISU
for areas of greatest need.
“The gift made by Frances
Craig is a wonderful example
of how ISU’s alumni keep this
university great,” says ISU
President Gregory Geoffroy.
“This gift will help Iowa State
continue on the path of aca-
demic excellence while sup-
porting our incredible faculty
and students, and for that we
are truly grateful.” tFrances Craig
Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.
“This gift will helpIowa State continue
on the path of academic excellencewhile supporting ourincredible faculty andstudents, and for thatwe are truly grateful.”
5
Many faculty, students and programs at Iowa State
University will benefit from a recent $12 million
bequest from Iowa State alumna, Frances Craig.
Combined with past family gifts, the bequest con-
stitutes the Craig Family Fund, an endowment
with earnings directed to strategic priorities at the
president’s discretion. With faculty support at the
top of the priority list, ISU President Gregory L.
Geoffroy utilized initial earnings to establish the
Frances M. Craig Chair in Chemistry. Professor
Mark Gordon, whose research focuses on areas
of theoretical and computational chemistry, was
recently honored with this distinguished position.
“It’s very meaningful that the university has
chosen to recognize me in this way,” said Mark
Gordon, Frances M. Craig Chair in Chemistry. “It’s
a validation of what I have accomplished and it’s
also a little bit humbling because there are so
many great people at ISU.”
In addition to the honor and prestige associat-
ed with holding a named position, it also allows
Iowa State to remain competitive for top faculty.
“A gift of this nature gives President Geoffroy
the resources to act when opportunities arise that
will both reward and retain our outstanding facul-
ty,” said Dan Saftig, ISU Foundation president. t
Craig Family Fund Bestows Honor and Support to Faculty
It isn’t easy sustaininga relevant and up-to-date library in today’s
fast-paced world oftechnology. Times havechanged in many ways,and the good news is that students areusing the Iowa StateUniversity Librarymore than ever before.
A library is the hub of any cam-
pus, and today’s students need
electronic information services
and technology support as well
as excellent in-house research
collections and services.
A recent gift of $266,280
to the ISU Library from the
Roy J. Carver Charitable Trust
will enhance this already
popular place. It will transform
the library’s central reference
service into a new Learning
Connections Center with a
whole new set of resources,
including digital tools within
creative learning spaces for
student groups and individual
study.
To create the center, library
staff expect to radically change
the current reference collec-
tions area. A new learning hub
is designed as the heart of the
space. It will be located on the
first floor and visible to all who
enter the Parks Library.
“Right now we have some
low tech group rooms on the
upper floors with chalkboards,”
says Olivia Madison, dean of
the library. “The Learning
Connections Center will build
upon those group environ-
ments, connecting the students
with high tech resources and
research staff.”
Madison is enthused about
the possibilities. “We will be
merging our reference serv-
ice—a very high-end informa-
tion service provided by the
librarians—and technology
support while matching library
collections with student and
faculty research needs,” she
says. “Centralizing this in one
location creates one-stop shop-
ping, including information
technology support, hardware
and software to assist student
projects. Students can work as
individuals or together in
teams with library reference
tools and collections nearby.”
Collaborative clusters with
computer workstations will
host small student groups. In
multimedia studios, students
can work together with tech-
nology and specialized media
equipment. Also planned are
additional study tables, a pres-
entation room with multimedia
equipment, expansive tempo-
rary electronic lockers and a
soft seating area. Within the
center, students can easily stay
connected while completing
their academic work.
“Both the physical and elec-
tronic library have strong sup-
port from students,” Madison
says. “This is a place where stu-
dents and faculty come together
to meet interdisciplinary needs.
The fact that the Carver Trust
embraced our vision and funded
it so generously is very gratify-
ing to all of us.”
The Roy J. Carver Charitable
Trust was established in 1982
through the will of Roy J.
Carver, an Iowa industrialist
and philanthropist. The Carver
Trust is one of Iowa State’s
largest donors and has funded
many of the university’s most
innovative programs. t
Carver Trust Gift Creates a Library Learning Center
6
Olivia Madison, dean of the Iowa State University Library, shows off the areafor the new Learning Connections Center.
Imagine enrolling in an Iowa StateUniversity business
course and findingyourself actually mak-ing recommendationsfor the management of a portfolio of assetsworth $50 million or more. Thanks to a $250,000 pledgefrom AEGON USA’sTransamerica LifeInsurance Company of Cedar Rapids, Iowa,this tremendous oppor-tunity awaits studentsof two new College ofBusiness fixed-incomecourses.
“The custom-fit interaction
will give the students incredi-
ble real-life experiences,” says
Farah Yunus, assistant profes-
sor of finance who will teach
the 400-level courses, “provid-
ing them with wonderful
opportunities as they begin
the job search process.”
The first of the two courses
teaches students the skills they
need to manage a portfolio.
The second challenges them
to apply what they’ve learned
by becoming a part of the
company’s investment depart-
ment. Students actually spend
time on the trading floor as
AEGON employees assist
College of Business faculty
in instructing the students.
Already 53 students have
benefited from AEGON’s gen-
erosity, having taken the first
of the two courses last spring.
The second course is offered
this fall.
College of Business alum-
nus Peter Gilman, a 1986
finance graduate and now
president of Transamerica’s
Extraordinary Markets
Division, was a key force
behind the creation of these
courses. “We’ve learned that
the best way to demonstrate
the dynamics and challenges
of our business and to develop
a solid understanding of the
students’ abilities is through
working closely together,”
Gilman says.
The experience will be
unique for both students
and employees of AEGON,
a global leader in insurance
products with six divisions
and major business units and
more than 2,700 employees
located in its Cedar Rapids
offices. t
Real-Life Business Experience on the AEGON Trading Floor
Above: Farah Yunus, assistant professor of finance, will teach newcourses on portfolio management.
Right: Peter Gilman, president of Transamerica’s ExtraordinaryMarkets Division.
7
The custom-fit interaction will give
the students incrediblereal-life experiences.
It isn’t easy sustaininga relevant and up-to-date library in today’s
fast-paced world oftechnology. Times havechanged in many ways,and the good news is that students areusing the Iowa StateUniversity Librarymore than ever before.
A library is the hub of any cam-
pus, and today’s students need
electronic information services
and technology support as well
as excellent in-house research
collections and services.
A recent gift of $266,280
to the ISU Library from the
Roy J. Carver Charitable Trust
will enhance this already
popular place. It will transform
the library’s central reference
service into a new Learning
Connections Center with a
whole new set of resources,
including digital tools within
creative learning spaces for
student groups and individual
study.
To create the center, library
staff expect to radically change
the current reference collec-
tions area. A new learning hub
is designed as the heart of the
space. It will be located on the
first floor and visible to all who
enter the Parks Library.
“Right now we have some
low tech group rooms on the
upper floors with chalkboards,”
says Olivia Madison, dean of
the library. “The Learning
Connections Center will build
upon those group environ-
ments, connecting the students
with high tech resources and
research staff.”
Madison is enthused about
the possibilities. “We will be
merging our reference serv-
ice—a very high-end informa-
tion service provided by the
librarians—and technology
support while matching library
collections with student and
faculty research needs,” she
says. “Centralizing this in one
location creates one-stop shop-
ping, including information
technology support, hardware
and software to assist student
projects. Students can work as
individuals or together in
teams with library reference
tools and collections nearby.”
Collaborative clusters with
computer workstations will
host small student groups. In
multimedia studios, students
can work together with tech-
nology and specialized media
equipment. Also planned are
additional study tables, a pres-
entation room with multimedia
equipment, expansive tempo-
rary electronic lockers and a
soft seating area. Within the
center, students can easily stay
connected while completing
their academic work.
“Both the physical and elec-
tronic library have strong sup-
port from students,” Madison
says. “This is a place where stu-
dents and faculty come together
to meet interdisciplinary needs.
The fact that the Carver Trust
embraced our vision and funded
it so generously is very gratify-
ing to all of us.”
The Roy J. Carver Charitable
Trust was established in 1982
through the will of Roy J.
Carver, an Iowa industrialist
and philanthropist. The Carver
Trust is one of Iowa State’s
largest donors and has funded
many of the university’s most
innovative programs. t
Carver Trust Gift Creates a Library Learning Center
6
Olivia Madison, dean of the Iowa State University Library, shows off the areafor the new Learning Connections Center.
Imagine enrolling in an Iowa StateUniversity business
course and findingyourself actually mak-ing recommendationsfor the management of a portfolio of assetsworth $50 million or more. Thanks to a $250,000 pledgefrom AEGON USA’sTransamerica LifeInsurance Company of Cedar Rapids, Iowa,this tremendous oppor-tunity awaits studentsof two new College ofBusiness fixed-incomecourses.
“The custom-fit interaction
will give the students incredi-
ble real-life experiences,” says
Farah Yunus, assistant profes-
sor of finance who will teach
the 400-level courses, “provid-
ing them with wonderful
opportunities as they begin
the job search process.”
The first of the two courses
teaches students the skills they
need to manage a portfolio.
The second challenges them
to apply what they’ve learned
by becoming a part of the
company’s investment depart-
ment. Students actually spend
time on the trading floor as
AEGON employees assist
College of Business faculty
in instructing the students.
Already 53 students have
benefited from AEGON’s gen-
erosity, having taken the first
of the two courses last spring.
The second course is offered
this fall.
College of Business alum-
nus Peter Gilman, a 1986
finance graduate and now
president of Transamerica’s
Extraordinary Markets
Division, was a key force
behind the creation of these
courses. “We’ve learned that
the best way to demonstrate
the dynamics and challenges
of our business and to develop
a solid understanding of the
students’ abilities is through
working closely together,”
Gilman says.
The experience will be
unique for both students
and employees of AEGON,
a global leader in insurance
products with six divisions
and major business units and
more than 2,700 employees
located in its Cedar Rapids
offices. t
Real-Life Business Experience on the AEGON Trading Floor
Above: Farah Yunus, assistant professor of finance, will teach newcourses on portfolio management.
Right: Peter Gilman, president of Transamerica’s ExtraordinaryMarkets Division.
7
The custom-fit interaction will give
the students incrediblereal-life experiences.
Pioneering Alumna EstablishesScholarship for Future Scientists
8
Iowa State Universityalumna, BernicePaige, is truly a pio-
neer in chemistry andnuclear sciences. Nowretired with a success-ful career behind her,Bernice remembers thesupport she receivedthat helped her pay forcollege, as a youngwoman back in 1941.
“I was planning to attend Iowa
State no matter what. I had
$25 in my pocket and a job at
the dime store,” recalls Bernice.
“Then C.Y. Stephens, who had
given money to Iowa State in
the past, decided to give me
his first scholarship. I received
$50 each quarter and used the
money to pay for my tuition
and some of my books.”
Bernice remembers the
difference that made to her
and wanted to do the same for
young women faced with simi-
lar financial challenges. By nam-
ing Iowa State University in
her will, she’s able to help future
scientists through the Bernice E.
Paige Scholarship in Chemical
and Biological Engineering.
“I had to work a lot while I
was taking classes and I know
how hard it is. This scholarship
will go to kids who can’t make
it all the way on their own.”
Bernice had an extremely
successful career punctuated by
many great accomplishments,
though it was not always easy.
As a female entering the work-
force 60 years ago with a
degree in chemical technology,
Bernice realized she was forg-
ing new territory.
“I was looking for a job
after graduation and I had
companies tell me, ‘We’d love to
hire you, but we don’t even have
a women’s restroom.’ I wanted
to say, ‘I don’t care,’” laughs
Bernice. “DuPont offered me an
interview in Buffalo, N.Y. They
were so impressed with my
background and education, they
offered me a position on the
spot. As a woman in the indus-
try, that was very unusual.”
Three years after Bernice
began working for DuPont,
she married David Paige, also
a chemical engineer. In 1951,
they both joined DuPont’s team
training for the Savannah River
Plant. A year later, they moved
to Idaho where they spent the
rest of their careers working at
the Idaho National Engineering
Laboratory in Idaho Falls.
“I had the opportunity to
work on projects that received
a lot of exposure and high
acclaim,” explains Bernice.
“Most of my research was
highly classified and I earned
two patents for some of my
early work.”
Bernice became well-known
throughout the nuclear indus-
try and earned many awards
over the years. She retired in
1981 and received her most
distinguished honor 10 years
later, when she was named the
first recipient of the American
Nuclear Society’s Women’s
Achievement Award.
Today, her plaques hang
proudly on her wall, though
she remains modest about the
contributions she’s made to her
field, instead focusing on future
scientists.
“I wouldn’t have anything
if someone didn’t help me get
my degree. I got an outstanding
education at Iowa State,” says
Bernice. “I’m very happy to
give back and help young
people find success.” t
Chemistry Graduate Opens Doors to the World of Science
Rhonda Rush alwayshas Iowa State onher mind. Ever
since she left campusin 1975 with her doc-torate in chemistryshe’s been determinedto give back. That’swhy last year, after agreat deal of carefulthought, Rhonda desig-nated a total of$500,000 in deferredcommitments to thechemistry departmentto be used for thedepartment’s generalscholarship fund.
Rhonda (Ph.D. ’75) lives
in Chicago where she has
worked for the S & C Electric
Company (specialists in electric
power switching and protec-
tion) for nearly 25 years—most
recently as senior materials sci-
entist. She returns to campus
twice a year to serve on the
College of Liberal Arts and
Sciences dean’s advisory council,
and has stayed in contact with
her major professor, Don S.
Martin, now retired.
She has also kept in
touch with the two
other female chem-
istry students in her
class. “I worked at
the Ames Laboratory,”
she says, “and lived off
campus in a trailer. We
went to the computer
center a lot, played ten-
nis, worked really hard and had
a lot of fun.”
Rhonda believes it’s impor-
tant for everyone to keep their
alma mater top of mind. “I’ve
always had Iowa State in my
will,” she recalls. “I decided to
do it right after I left campus.
I had such a great time
there, and I think it’s
important to remem-
ber our institutions
of learning. If I didn’t
go to college, I’d
have a very different
job than I do now.”
She has been a
long-time supporter of
Iowa State University,
and her most recent commit-
ment will go a long way to help
future chemistry students make
their way into the world of sci-
ence—just like Rhonda. t
Bernice Paige
9
Rhonda Rush
Students in a chemical and biologicalengineering class.
Students in the chemistry department work on projects.
Pioneering Alumna EstablishesScholarship for Future Scientists
8
Iowa State Universityalumna, BernicePaige, is truly a pio-
neer in chemistry andnuclear sciences. Nowretired with a success-ful career behind her,Bernice remembers thesupport she receivedthat helped her pay forcollege, as a youngwoman back in 1941.
“I was planning to attend Iowa
State no matter what. I had
$25 in my pocket and a job at
the dime store,” recalls Bernice.
“Then C.Y. Stephens, who had
given money to Iowa State in
the past, decided to give me
his first scholarship. I received
$50 each quarter and used the
money to pay for my tuition
and some of my books.”
Bernice remembers the
difference that made to her
and wanted to do the same for
young women faced with simi-
lar financial challenges. By nam-
ing Iowa State University in
her will, she’s able to help future
scientists through the Bernice E.
Paige Scholarship in Chemical
and Biological Engineering.
“I had to work a lot while I
was taking classes and I know
how hard it is. This scholarship
will go to kids who can’t make
it all the way on their own.”
Bernice had an extremely
successful career punctuated by
many great accomplishments,
though it was not always easy.
As a female entering the work-
force 60 years ago with a
degree in chemical technology,
Bernice realized she was forg-
ing new territory.
“I was looking for a job
after graduation and I had
companies tell me, ‘We’d love to
hire you, but we don’t even have
a women’s restroom.’ I wanted
to say, ‘I don’t care,’” laughs
Bernice. “DuPont offered me an
interview in Buffalo, N.Y. They
were so impressed with my
background and education, they
offered me a position on the
spot. As a woman in the indus-
try, that was very unusual.”
Three years after Bernice
began working for DuPont,
she married David Paige, also
a chemical engineer. In 1951,
they both joined DuPont’s team
training for the Savannah River
Plant. A year later, they moved
to Idaho where they spent the
rest of their careers working at
the Idaho National Engineering
Laboratory in Idaho Falls.
“I had the opportunity to
work on projects that received
a lot of exposure and high
acclaim,” explains Bernice.
“Most of my research was
highly classified and I earned
two patents for some of my
early work.”
Bernice became well-known
throughout the nuclear indus-
try and earned many awards
over the years. She retired in
1981 and received her most
distinguished honor 10 years
later, when she was named the
first recipient of the American
Nuclear Society’s Women’s
Achievement Award.
Today, her plaques hang
proudly on her wall, though
she remains modest about the
contributions she’s made to her
field, instead focusing on future
scientists.
“I wouldn’t have anything
if someone didn’t help me get
my degree. I got an outstanding
education at Iowa State,” says
Bernice. “I’m very happy to
give back and help young
people find success.” t
Chemistry Graduate Opens Doors to the World of Science
Rhonda Rush alwayshas Iowa State onher mind. Ever
since she left campusin 1975 with her doc-torate in chemistryshe’s been determinedto give back. That’swhy last year, after agreat deal of carefulthought, Rhonda desig-nated a total of$500,000 in deferredcommitments to thechemistry departmentto be used for thedepartment’s generalscholarship fund.
Rhonda (Ph.D. ’75) lives
in Chicago where she has
worked for the S & C Electric
Company (specialists in electric
power switching and protec-
tion) for nearly 25 years—most
recently as senior materials sci-
entist. She returns to campus
twice a year to serve on the
College of Liberal Arts and
Sciences dean’s advisory council,
and has stayed in contact with
her major professor, Don S.
Martin, now retired.
She has also kept in
touch with the two
other female chem-
istry students in her
class. “I worked at
the Ames Laboratory,”
she says, “and lived off
campus in a trailer. We
went to the computer
center a lot, played ten-
nis, worked really hard and had
a lot of fun.”
Rhonda believes it’s impor-
tant for everyone to keep their
alma mater top of mind. “I’ve
always had Iowa State in my
will,” she recalls. “I decided to
do it right after I left campus.
I had such a great time
there, and I think it’s
important to remem-
ber our institutions
of learning. If I didn’t
go to college, I’d
have a very different
job than I do now.”
She has been a
long-time supporter of
Iowa State University,
and her most recent commit-
ment will go a long way to help
future chemistry students make
their way into the world of sci-
ence—just like Rhonda. t
Bernice Paige
9
Rhonda Rush
Students in a chemical and biologicalengineering class.
Students in the chemistry department work on projects.
The differencebetween a good university and a
truly great university is the people, ISUPresident GregoryGeoffroy often pointsout. Iowa State hasexceptional studentsand faculty, and increas-ing private support isthe key to attractingand retaining such outstanding people.
Private support for faculty
positions—like professorships,
chairs and fellowships—
attracts the nation’s most out-
standing scholars to Iowa State
and keeps them here for teach-
ing and scientific research.
Results of their work not only
benefit students, but can also
positively impact society.
Endowed positions also help
support course development,
graduate assistants, laboratory
equipment, salary enhance-
ments, and professional
development. Two named profes-
sorships announced last spring
are designed to do just that.
Renken ProfessorshipThe Alan and Julie Renken
Professorship in Materials
Science and Engineering may
lead to safer jet engines. The
new professorship was presented
in April to Brian Gleeson, an
Iowa State professor of materi-
als science and engineering
who develops new alloys and
coatings that can withstand
high temperatures.
Gleeson leads an award-
winning research team that
develops coating compositions
to help turbine blades resist the
heat of jet engines. As a result,
travelers around the world could
experience jet engines that last
longer and are more reliable.
Support for student training, sci-
entific advancement and patents
that could be licensed to indus-
try may now become reality.
Alan Renken, who with his
wife Julie committed funding
for the professorship, is a 1967
Iowa State graduate in engineer-
ing operations. He retired in
2003 from his position as presi-
dent of primary metals for Alcoa.
Donors like the Renkens
make dreams come true. Mufit
Akinc, professor and chair of
materials science and engineer-
ing, says the Renken commit-
ment will be a big boost to the
department. “This is something
I’ve been waiting to have for so
long,” Akinc says.
‘If-Only’ Ideas Become Real Through Professorships
Gleeson agrees. This new
professorship “will allow me
the opportunity to explore
ideas that may have been left
in the ‘if-only’ basket,” he says.
Armbrust ProfessorshipEvolving bovine embryo trans-
fer to advance animal breeding
is the focus of James K. West,
who joined ISU in 2005 as a
clinician and established an
embryo transfer service to pro-
vide students and practicing
veterinarians with training in
bovine reproduction. Named
in May as the first Scott and
Nancy Armbrust Professor of
Veterinary Medicine at Iowa
State University, West can now
devote his time to developing
an area in which he has already
received international recogni-
tion for his innovation and
expertise.
The Armbrust professorship
offers tremendous growth
potential for students and
practicing veterinarians.
During his career as a large
animal veterinarian, 1975
Iowa State graduate Scott
Armbrust expanded his
exclusive Wisconsin bovine
reproduction practice globally
and pioneered the bovine
embryo transfer market in
Europe. He and his wife Nancy
decided to establish this profes-
sorship after attending the col-
lege’s 125th anniversary where
they heard the dean talk about
his vision for the future. They
realized there was never going
to be a more important time
to make their gift—a reflection
of the values their parents
instilled in them to give back
to those who give to you.
“Providing this endowed
professorship is small repay-
ment for the impact Iowa State
University and the College of
Veterinary Medicine have had
on our lives,” says Scott.
“The field of embryo trans-
fer and genetics is increasingly
important to cattle breeders
and dairy producers,” says
John U. Thomson, dean of
veterinary medicine. “This
endowment will deeply enrich
our research efforts and enable
a deserving faculty member
to excel in this field.” t
(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.
President Geoffroy awards Brian Gleeson the Alan and Julie RenkenProfessorship in Materials Science and Engineering.
10
(L to R) President Geoffroy, College of Veterinary Medicine Dean JohnThomson, Nancy Armbrust, Scott Armbrust and James K. West.
11
The most powerful way to support Iowa State
faculty is to create an endowment. This means
your initial gift will be invested as a permanent
fund—the endowment—and a portion of the
annual investment return will be used by the
faculty member. The remaining return on the
endowment (minus a management fee) is reinvest-
ed along with the fund’s principal. An endowment
is a great way to leave a legacy in your name or
the name of someone you want to honor.
Minimum Endowments:
Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million
Department/Director’s Chair. . . . . . $2 million
Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million
Professorship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000
Establishing Faculty Funds
The differencebetween a good university and a
truly great university is the people, ISUPresident GregoryGeoffroy often pointsout. Iowa State hasexceptional studentsand faculty, and increas-ing private support isthe key to attractingand retaining such outstanding people.
Private support for faculty
positions—like professorships,
chairs and fellowships—
attracts the nation’s most out-
standing scholars to Iowa State
and keeps them here for teach-
ing and scientific research.
Results of their work not only
benefit students, but can also
positively impact society.
Endowed positions also help
support course development,
graduate assistants, laboratory
equipment, salary enhance-
ments, and professional
development. Two named profes-
sorships announced last spring
are designed to do just that.
Renken ProfessorshipThe Alan and Julie Renken
Professorship in Materials
Science and Engineering may
lead to safer jet engines. The
new professorship was presented
in April to Brian Gleeson, an
Iowa State professor of materi-
als science and engineering
who develops new alloys and
coatings that can withstand
high temperatures.
Gleeson leads an award-
winning research team that
develops coating compositions
to help turbine blades resist the
heat of jet engines. As a result,
travelers around the world could
experience jet engines that last
longer and are more reliable.
Support for student training, sci-
entific advancement and patents
that could be licensed to indus-
try may now become reality.
Alan Renken, who with his
wife Julie committed funding
for the professorship, is a 1967
Iowa State graduate in engineer-
ing operations. He retired in
2003 from his position as presi-
dent of primary metals for Alcoa.
Donors like the Renkens
make dreams come true. Mufit
Akinc, professor and chair of
materials science and engineer-
ing, says the Renken commit-
ment will be a big boost to the
department. “This is something
I’ve been waiting to have for so
long,” Akinc says.
‘If-Only’ Ideas Become Real Through Professorships
Gleeson agrees. This new
professorship “will allow me
the opportunity to explore
ideas that may have been left
in the ‘if-only’ basket,” he says.
Armbrust ProfessorshipEvolving bovine embryo trans-
fer to advance animal breeding
is the focus of James K. West,
who joined ISU in 2005 as a
clinician and established an
embryo transfer service to pro-
vide students and practicing
veterinarians with training in
bovine reproduction. Named
in May as the first Scott and
Nancy Armbrust Professor of
Veterinary Medicine at Iowa
State University, West can now
devote his time to developing
an area in which he has already
received international recogni-
tion for his innovation and
expertise.
The Armbrust professorship
offers tremendous growth
potential for students and
practicing veterinarians.
During his career as a large
animal veterinarian, 1975
Iowa State graduate Scott
Armbrust expanded his
exclusive Wisconsin bovine
reproduction practice globally
and pioneered the bovine
embryo transfer market in
Europe. He and his wife Nancy
decided to establish this profes-
sorship after attending the col-
lege’s 125th anniversary where
they heard the dean talk about
his vision for the future. They
realized there was never going
to be a more important time
to make their gift—a reflection
of the values their parents
instilled in them to give back
to those who give to you.
“Providing this endowed
professorship is small repay-
ment for the impact Iowa State
University and the College of
Veterinary Medicine have had
on our lives,” says Scott.
“The field of embryo trans-
fer and genetics is increasingly
important to cattle breeders
and dairy producers,” says
John U. Thomson, dean of
veterinary medicine. “This
endowment will deeply enrich
our research efforts and enable
a deserving faculty member
to excel in this field.” t
(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.
President Geoffroy awards Brian Gleeson the Alan and Julie RenkenProfessorship in Materials Science and Engineering.
10
(L to R) President Geoffroy, College of Veterinary Medicine Dean JohnThomson, Nancy Armbrust, Scott Armbrust and James K. West.
11
The most powerful way to support Iowa State
faculty is to create an endowment. This means
your initial gift will be invested as a permanent
fund—the endowment—and a portion of the
annual investment return will be used by the
faculty member. The remaining return on the
endowment (minus a management fee) is reinvest-
ed along with the fund’s principal. An endowment
is a great way to leave a legacy in your name or
the name of someone you want to honor.
Minimum Endowments:
Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million
Department/Director’s Chair. . . . . . $2 million
Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million
Professorship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000
Establishing Faculty Funds
Barbara Forkertouched my life,” says Betty
Stephenson of her for-mer physical educationinstructor. Now Betty,the “slow learningswimming student whostill doesn’t enjoy thepool,” (as she refers toherself) would like toassure Forker’s legacyimpacts other studentstoday and in the future.
Betty (B.S. ’52) refers to
Barbara as “a special college
professor who touched my life
while a student at Iowa State,”
and has established the Barbara
Forker Scholarship in her
honor. If you’re wondering
what would compel someone
to recognize another individual
by naming a scholarship for
them, Betty says it’s simple.
“Barbara was there when-
ever I needed to consult with
someone. She was a college
instructor who took a real
interest in me as an individual,
interested in my progress and
success in the various aspects
of my college life.”
That interest didn’t end after
graduation, according to Betty.
“She continued to follow my
successes in teaching and
my involvement in state and
national professional organiza-
tions.” This scholarship was a
unique opportunity, she says,
“to honor a teacher who had
become a friend and someone
who I admire for her profes-
sionalism, love of teaching
and compassion for others.”
“This is a small way in
which I can share my success
with students in the process of
preparing for their careers by
having it designated in honor of
one person who was part of my
success in college,” says Betty.
Swimming Student Honors Special Instructor
Now retired, Betty was a
home economics teacher for
three years in Iowa and 33
years in Colorado, but never
lost interest in physical educa-
tion. For 25 of those years, she
says, she developed and taught
a home economics program for
special needs students. “While
continuing my interest in
physical activities and sports,”
she recalls, “I became aware
there wasn’t much available
in that area for challenged
students. Thus my desire to
help future physical education
teachers working with special
needs individuals.”
Her hope to support train-
ing for students to work with
children with disabilities
determined the direction of
the scholarship. The Barbara
Forker Scholarship recognizes
students who exhibit academic
excellence and professional
commitment to educating
others about the values of
sports and active lifestyles,
especially for physically chal-
lenged populations.
Scholarship recipient Anne
Holthaus, a senior majoring in
physical education, wants to
get her masters in special or
adapted physical education.
“It’s an awesome opportunity,”
she says of the scholarship.
“I work with kids with disabili-
ties right now, and look for-
ward to doing it in the future.”
Recipient Allison Nevins,
who will graduate next May
with a degree in athletic train-
ing and pre-physical therapy,
says “Barbara Forker is a
well-known individual in
the department of health and
human performance within the
College of Human Sciences,
and to be awarded something
that is dedicated to her is a
great honor. Working with
individuals with disabilities
is something that I love to do
and to receive a scholarship
that recognizes that work is
a great feeling.”
Recent graduate and schol-
arship recipient Jenny Smith
plans to earn her Ph.D. in
pedagogy and may teach at
the university level. “It’s nice
that the scholarship recognizes
hard work beyond going to
Barbara Forker (M.S. ’50), who retired in 1986,
served as the first chair of the department of phys-
ical education, now the department of health and
human performance.
She joined the ISU faculty in 1948. After earning
her Ph.D., she became head of physical education
for women at Iowa State in 1958 (assisting in the
creation of a physical education major for women
in 1960) and in 1974 led that department in a merger
with the men’s department of physical education.
She served as head of the newly created depart-
ment, which was one of the first in the country to
have a single program for men and women.
Barbara was appointed by President Gerald
Ford to the President’s Commission on Olympic
Sports and later served as a member of the United
States Olympic Committee. She served 22 months
in Europe with the American Red Cross during
World War II.
Her honors include ISU Professor of the
Year (1963), Distinguished Professor (1978) and
the Strong-Minded Woman Award from the
Carrie Chapman Catt Center for Women and
Politics. In 1997, the physical education building
at Iowa State was renamed the Barbara E.
Forker Building. t
“
Allison Nevins
Barbara Forker and Betty Stephenson
12 13
“Barbara was therewhenever I needed toconsult with someone.
She was a collegeinstructor who took areal interest in me asan individual, inter-ested in my progressand success in thevarious aspects of my college life.”
Barbara Forker
Barbara Forkertouched my life,” says Betty
Stephenson of her for-mer physical educationinstructor. Now Betty,the “slow learningswimming student whostill doesn’t enjoy thepool,” (as she refers toherself) would like toassure Forker’s legacyimpacts other studentstoday and in the future.
Betty (B.S. ’52) refers to
Barbara as “a special college
professor who touched my life
while a student at Iowa State,”
and has established the Barbara
Forker Scholarship in her
honor. If you’re wondering
what would compel someone
to recognize another individual
by naming a scholarship for
them, Betty says it’s simple.
“Barbara was there when-
ever I needed to consult with
someone. She was a college
instructor who took a real
interest in me as an individual,
interested in my progress and
success in the various aspects
of my college life.”
That interest didn’t end after
graduation, according to Betty.
“She continued to follow my
successes in teaching and
my involvement in state and
national professional organiza-
tions.” This scholarship was a
unique opportunity, she says,
“to honor a teacher who had
become a friend and someone
who I admire for her profes-
sionalism, love of teaching
and compassion for others.”
“This is a small way in
which I can share my success
with students in the process of
preparing for their careers by
having it designated in honor of
one person who was part of my
success in college,” says Betty.
Swimming Student Honors Special Instructor
Now retired, Betty was a
home economics teacher for
three years in Iowa and 33
years in Colorado, but never
lost interest in physical educa-
tion. For 25 of those years, she
says, she developed and taught
a home economics program for
special needs students. “While
continuing my interest in
physical activities and sports,”
she recalls, “I became aware
there wasn’t much available
in that area for challenged
students. Thus my desire to
help future physical education
teachers working with special
needs individuals.”
Her hope to support train-
ing for students to work with
children with disabilities
determined the direction of
the scholarship. The Barbara
Forker Scholarship recognizes
students who exhibit academic
excellence and professional
commitment to educating
others about the values of
sports and active lifestyles,
especially for physically chal-
lenged populations.
Scholarship recipient Anne
Holthaus, a senior majoring in
physical education, wants to
get her masters in special or
adapted physical education.
“It’s an awesome opportunity,”
she says of the scholarship.
“I work with kids with disabili-
ties right now, and look for-
ward to doing it in the future.”
Recipient Allison Nevins,
who will graduate next May
with a degree in athletic train-
ing and pre-physical therapy,
says “Barbara Forker is a
well-known individual in
the department of health and
human performance within the
College of Human Sciences,
and to be awarded something
that is dedicated to her is a
great honor. Working with
individuals with disabilities
is something that I love to do
and to receive a scholarship
that recognizes that work is
a great feeling.”
Recent graduate and schol-
arship recipient Jenny Smith
plans to earn her Ph.D. in
pedagogy and may teach at
the university level. “It’s nice
that the scholarship recognizes
hard work beyond going to
Barbara Forker (M.S. ’50), who retired in 1986,
served as the first chair of the department of phys-
ical education, now the department of health and
human performance.
She joined the ISU faculty in 1948. After earning
her Ph.D., she became head of physical education
for women at Iowa State in 1958 (assisting in the
creation of a physical education major for women
in 1960) and in 1974 led that department in a merger
with the men’s department of physical education.
She served as head of the newly created depart-
ment, which was one of the first in the country to
have a single program for men and women.
Barbara was appointed by President Gerald
Ford to the President’s Commission on Olympic
Sports and later served as a member of the United
States Olympic Committee. She served 22 months
in Europe with the American Red Cross during
World War II.
Her honors include ISU Professor of the
Year (1963), Distinguished Professor (1978) and
the Strong-Minded Woman Award from the
Carrie Chapman Catt Center for Women and
Politics. In 1997, the physical education building
at Iowa State was renamed the Barbara E.
Forker Building. t
“
Allison Nevins
Barbara Forker and Betty Stephenson
12 13
“Barbara was therewhenever I needed toconsult with someone.
She was a collegeinstructor who took areal interest in me asan individual, inter-ested in my progressand success in thevarious aspects of my college life.”
Barbara Forker
classes,” she says. “I would
work with the physically chal-
lenged even if there wasn’t a
scholarship, but the fact that
there is a scholarship is partic-
ularly rewarding.”
All of this pleases Betty, who
has financially contributed to
Iowa State since 1987 through
her will and trust, with the
funds divided between the
home economics and physical
education departments.
Because it may be many years
before her dream of helping
students will be realized, Betty
has also begun contributing
annually. In this way, she can
achieve her goals of honoring
Barbara Forker and providing
immediate financial support
for students.
“There were no such things
as scholarships when I was in
college,” she says. “What I can
do may be on a smaller scale,
but it affects individuals and
makes a difference in their
college careers. I’ve always
known the professional success
enjoyed in my own life was
because of my undergraduate
degree from Iowa State. That’s
one of the reasons I wanted to
give back.” t
Swimming Student Honors Special Instructor/continued
On May 24, Gov. Tom Vilsack signed legislation
that assures donors to the Iowa State University
Foundation that the personal financial information
they share during the gifting process is protected
under Iowa law. This action guarantees donors
that their wills, estate plans, trusts, annuities and
other financial documents will not be open to pub-
lic information requests.
In addition, benefactors who choose to give
anonymously are legally able to do so. However,
the ISU Foundation encourages donors to tell their
stories to help inspire other potential benefactors.
Less than one percent of ISU Foundation donors
currently request anonymity.
The ISU Foundation will continue to release
the name, gift amount and designation (unless the
donor has requested to remain anonymous) of all
gifts. All expenditures out of private gift accounts
have long been a matter of public record and this
will not change.
This legislation does not change the Iowa
Supreme Court’s ruling (Feb. 4, 2005) that stated
the ISU Foundation’s fundraising function for
Iowa State University is subject to Iowa’s open
records laws. This legislation only helps to
enhance and clarify the ruling. For more
information, visit the foundation’s web site at
www.foundation.iastate.edu. t
Donor Privacy Legislation Becomes Law in Iowa
“I’ve always knownthe professional suc-cess enjoyed in my
own life was becauseof my undergraduate
degree from IowaState. That’s one of
the reasons I wantedto give back.”
Jenny Smith14
Geoffroys Commit Additional$100,000 to Faculty Fellowship
Iowa State UniversityPresident, Gregory L.Geoffroy places facul-
ty support at the top ofthe priority list at IowaState. With his back-ground in research andteaching in the field ofchemistry, he under-stands the importanceof private funds to thesuccess of a university.
Inspired to take action,
President Geoffroy and his
wife, Kathy, established the
Gregory L. and Kathleen C.
Geoffroy Faculty Fellowship
Fund in 2001. With their
recent $100,000 pledge, the
Geoffroys have committed a
total of $250,000 to provide
annual support for teaching
and research at Iowa State.
“We have always believed
that the difference between a
good university and a truly
great university are the people
associated with the institution,”
says Geoffroy. “This investment
in faculty support is one
important way to help attract
and retain top faculty and
particularly to help beginning
faculty get off to a good start.”
The current holder of the
fellowship, assistant professor
of chemistry in the College
of Liberal Arts and Sciences,
Malika Jeffries-EL, was
appointed to the position in
2005 by the dean of the col-
lege. The faculty fellowship
provides Jeffries-EL with addi-
tional discretionary funds
annually, which may be used
in a number of ways including
professional development,
creative course enrichment
and research.
“The Geoffroy fellowship
was definitely a factor in my
decision to come to Iowa
State,” Jeffries-EL said. “The
increased support is extremely
important in my research. It
also allows me the opportunity
to collaborate with faculty
members in different sectors
of my field and that’s a great
advantage.”
“The Geoffroys have always
expressed their heartfelt belief
in the mission of Iowa State
and the importance of private
support to the university,” said
ISU Foundation President
Dan Saftig. “A gift of this
magnitude speaks volumes
to the thousands of other
benefactors to Iowa State
University.” t
President Geoffroy and Kathy Geoffroy
Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.
15
classes,” she says. “I would
work with the physically chal-
lenged even if there wasn’t a
scholarship, but the fact that
there is a scholarship is partic-
ularly rewarding.”
All of this pleases Betty, who
has financially contributed to
Iowa State since 1987 through
her will and trust, with the
funds divided between the
home economics and physical
education departments.
Because it may be many years
before her dream of helping
students will be realized, Betty
has also begun contributing
annually. In this way, she can
achieve her goals of honoring
Barbara Forker and providing
immediate financial support
for students.
“There were no such things
as scholarships when I was in
college,” she says. “What I can
do may be on a smaller scale,
but it affects individuals and
makes a difference in their
college careers. I’ve always
known the professional success
enjoyed in my own life was
because of my undergraduate
degree from Iowa State. That’s
one of the reasons I wanted to
give back.” t
Swimming Student Honors Special Instructor/continued
On May 24, Gov. Tom Vilsack signed legislation
that assures donors to the Iowa State University
Foundation that the personal financial information
they share during the gifting process is protected
under Iowa law. This action guarantees donors
that their wills, estate plans, trusts, annuities and
other financial documents will not be open to pub-
lic information requests.
In addition, benefactors who choose to give
anonymously are legally able to do so. However,
the ISU Foundation encourages donors to tell their
stories to help inspire other potential benefactors.
Less than one percent of ISU Foundation donors
currently request anonymity.
The ISU Foundation will continue to release
the name, gift amount and designation (unless the
donor has requested to remain anonymous) of all
gifts. All expenditures out of private gift accounts
have long been a matter of public record and this
will not change.
This legislation does not change the Iowa
Supreme Court’s ruling (Feb. 4, 2005) that stated
the ISU Foundation’s fundraising function for
Iowa State University is subject to Iowa’s open
records laws. This legislation only helps to
enhance and clarify the ruling. For more
information, visit the foundation’s web site at
www.foundation.iastate.edu. t
Donor Privacy Legislation Becomes Law in Iowa
“I’ve always knownthe professional suc-cess enjoyed in my
own life was becauseof my undergraduate
degree from IowaState. That’s one of
the reasons I wantedto give back.”
Jenny Smith14
Geoffroys Commit Additional$100,000 to Faculty Fellowship
Iowa State UniversityPresident, Gregory L.Geoffroy places facul-
ty support at the top ofthe priority list at IowaState. With his back-ground in research andteaching in the field ofchemistry, he under-stands the importanceof private funds to thesuccess of a university.
Inspired to take action,
President Geoffroy and his
wife, Kathy, established the
Gregory L. and Kathleen C.
Geoffroy Faculty Fellowship
Fund in 2001. With their
recent $100,000 pledge, the
Geoffroys have committed a
total of $250,000 to provide
annual support for teaching
and research at Iowa State.
“We have always believed
that the difference between a
good university and a truly
great university are the people
associated with the institution,”
says Geoffroy. “This investment
in faculty support is one
important way to help attract
and retain top faculty and
particularly to help beginning
faculty get off to a good start.”
The current holder of the
fellowship, assistant professor
of chemistry in the College
of Liberal Arts and Sciences,
Malika Jeffries-EL, was
appointed to the position in
2005 by the dean of the col-
lege. The faculty fellowship
provides Jeffries-EL with addi-
tional discretionary funds
annually, which may be used
in a number of ways including
professional development,
creative course enrichment
and research.
“The Geoffroy fellowship
was definitely a factor in my
decision to come to Iowa
State,” Jeffries-EL said. “The
increased support is extremely
important in my research. It
also allows me the opportunity
to collaborate with faculty
members in different sectors
of my field and that’s a great
advantage.”
“The Geoffroys have always
expressed their heartfelt belief
in the mission of Iowa State
and the importance of private
support to the university,” said
ISU Foundation President
Dan Saftig. “A gift of this
magnitude speaks volumes
to the thousands of other
benefactors to Iowa State
University.” t
President Geoffroy and Kathy Geoffroy
Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.
15
ANNUALREPORTP R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3
PRIVATE SUPPORT AT IOWA STATE UNIVERSITY IS ON THE RISE—THANKS TO YOU.
IN FISCAL YEAR 2006, WE RECEIVED ALMOST $92 MILLION (INCLUDING GIFTS-IN-
KIND) IN NEW GIFTS AND COMMITMENTS FROM MORE THAN 54,000 DONORS.
THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2
MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!
THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT
FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE
THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.
DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY
KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-
PORT AND THE DIFFERENCE IT MAKES TO SO MANY.
THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT
HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS
OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.
DANIEL P. SAFTIG
PRESIDENT
IOWA STATE UNIVERSITY FOUNDATION
JULY 1, 2005 TO JUNE 30, 2006
F I N A N C I A L H I G H L I G H T S
NUMBER OF DONORS: 54,161
NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)
DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042
ENDOWMENT RETURN: 8.5%
ENDOWMENT TOTAL: $370,436,742
1716
Gifts by Source
Other Individuals 17%
Alumni 52%
Corporations 15%
in m
illio
nsce
nts
0
100
200
300
400
500
600
FY06
$537.3
FY05
$489.8
FY04
$439.8
FY03
$392.7
0
3
6
9
12
15
FY06
9¢
FY05
11¢
FY04
13¢
FY03
12¢
Total Assets
The ISU Foundation’s financial statements are audited by the international firm of KPMG LLP in accordance with
auditing standards generally accepted in the United States. The foundation’s full financial statements are available
at www.foundation.iastate.edu or by request. in
mill
ions
cent
s
0
100
200
300
400
500
600
FY06
$537.3
FY05
$489.8
FY04
$439.8
FY03
$392.7
0
3
6
9
12
15
FY06
9¢
FY05
11¢
FY04
13¢
FY03
12¢
Cost to Raise One Dollar (3-Year Average)
F I S C A L Y E A R 2 0 0 6 H I G H L I G H T S
in m
illio
nsin
thou
sand
s
0
20
40
60
80
100
0
10
20
30
40
50
60
FY03
$38.2
FY04
$63.2
FY05
$82.4
FY06
$91.2
FY03
47.0
FY04
53.4
FY05
55.3
FY06
54.2
New Gifts and Commitments(excludes gifts-in-kind)
in m
illio
nsin
thou
sand
s
0
20
40
60
80
100
0
10
20
30
40
50
60
FY03
$38.2
FY04
$63.2
FY05
$82.4
FY06
$91.2
FY03
47.0
FY04
53.4
FY05
55.3
FY06
54.2
Number of Donors
Gifts by Donor Designation
Student Support 24%
Facility Support 15%
FacultySupport 8%Foundations 16%
Program Support 53%
ANNUALREPORTP R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3
PRIVATE SUPPORT AT IOWA STATE UNIVERSITY IS ON THE RISE—THANKS TO YOU.
IN FISCAL YEAR 2006, WE RECEIVED ALMOST $92 MILLION (INCLUDING GIFTS-IN-
KIND) IN NEW GIFTS AND COMMITMENTS FROM MORE THAN 54,000 DONORS.
THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2
MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!
THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT
FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE
THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.
DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY
KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-
PORT AND THE DIFFERENCE IT MAKES TO SO MANY.
THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT
HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS
OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.
DANIEL P. SAFTIG
PRESIDENT
IOWA STATE UNIVERSITY FOUNDATION
JULY 1, 2005 TO JUNE 30, 2006
F I N A N C I A L H I G H L I G H T S
NUMBER OF DONORS: 54,161
NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)
DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042
ENDOWMENT RETURN: 8.5%
ENDOWMENT TOTAL: $370,436,742
1716
Gifts by Source
Other Individuals 17%
Alumni 52%
Corporations 15%
in m
illio
nsce
nts
0
100
200
300
400
500
600
FY06
$537.3
FY05
$489.8
FY04
$439.8
FY03
$392.7
0
3
6
9
12
15
FY06
9¢
FY05
11¢
FY04
13¢
FY03
12¢
Total Assets
The ISU Foundation’s financial statements are audited by the international firm of KPMG LLP in accordance with
auditing standards generally accepted in the United States. The foundation’s full financial statements are available
at www.foundation.iastate.edu or by request.
in m
illio
nsce
nts
0
100
200
300
400
500
600
FY06
$537.3
FY05
$489.8
FY04
$439.8
FY03
$392.7
0
3
6
9
12
15
FY06
9¢
FY05
11¢
FY04
13¢
FY03
12¢
Cost to Raise One Dollar (3-Year Average)
F I S C A L Y E A R 2 0 0 6 H I G H L I G H T Sin
mill
ions
in th
ousa
nds
0
20
40
60
80
100
0
10
20
30
40
50
60
FY03
$38.2
FY04
$63.2
FY05
$82.4
FY06
$91.2
FY03
47.0
FY04
53.4
FY05
55.3
FY06
54.2
New Gifts and Commitments(excludes gifts-in-kind)
in m
illio
nsin
thou
sand
s
0
20
40
60
80
100
0
10
20
30
40
50
60
FY03
$38.2
FY04
$63.2
FY05
$82.4
FY06
$91.2
FY03
47.0
FY04
53.4
FY05
55.3
FY06
54.2
Number of Donors
Gifts by Donor Designation
Student Support 24%
Facility Support 15%
FacultySupport 8%Foundations 16%
Program Support 53%
1918
The ISU Foundation endowment provides an ongoing source of funding for Iowa State University. More than $38 million was transferred from the ISU Foundation to Iowa State University to support
faculty, programs and facilities in fiscal year 2006.
FY 06 FY 05Area of Support Dollars Transferred Dollars Transferred
Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,220,044 . . . . . . . . . . . . . . . . . $ 13,027,545Direct student assistance including scholarships, fellowships, loans, awards and travel.
Faculty and Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,422,484 . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.
Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,744,266 . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.
Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,608,639 . . . . . . . . . . . . . . . . . $ 7,423,210Program support across campus including research,classroom materials and supplies, professional developmentand educational programs.
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 788,609 . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind and personal property retained and used by the university (ie: equipment, software, works of art, livestock, etc.).
TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,784,042 . . . . . . . . . . . . . . . . . $ 33,503,016
D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S T A T E E N D O W M E N T H I G H L I G H T S
perc
ent
0
2
4
6
8
10
1 ye
ar (F
Y06)
5 ye
ars
Sinc
e in
cept
ion
(199
3)
8.5%
6.0%
8.6%
Endowment Return
Endowment by Purpose
Endowment Allocation
Bonds 25%
Global Equity 51%
Diversifying Equity 15%
in m
illio
ns
50
100
150
200
250
300
350
400
FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06
Growth of Endowment Since Inception
*Global equity includes large cap U.S. equity, mid capU.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity
PrivateEquity 5%
Real Estate/Natural Resources 4%
College and Administration 40% Student Support 37%
Faculty and StaffSupport 17%
Research 3%Other 3%
Facilities 1%
1918
The ISU Foundation endowment provides an ongoing source of funding for Iowa State University. More than $38 million was transferred from the ISU Foundation to Iowa State University to support
faculty, programs and facilities in fiscal year 2006.
FY 06 FY 05Area of Support Dollars Transferred Dollars Transferred
Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,220,044 . . . . . . . . . . . . . . . . . $ 13,027,545Direct student assistance including scholarships, fellowships, loans, awards and travel.
Faculty and Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,422,484 . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.
Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,744,266 . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.
Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,608,639 . . . . . . . . . . . . . . . . . $ 7,423,210Program support across campus including research,classroom materials and supplies, professional developmentand educational programs.
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 788,609 . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind and personal property retained and used by the university (ie: equipment, software, works of art, livestock, etc.).
TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,784,042 . . . . . . . . . . . . . . . . . $ 33,503,016
D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S T A T E E N D O W M E N T H I G H L I G H T Spe
rcen
t
0
2
4
6
8
10
1 ye
ar (F
Y06)
5 ye
ars
Sinc
e in
cept
ion
(199
3)
8.5%
6.0%
8.6%
Endowment Return
Endowment by Purpose
Endowment Allocation
Bonds 25%
Global Equity 51%
Diversifying Equity 15%
in m
illio
ns
50
100
150
200
250
300
350
400
FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06
Growth of Endowment Since Inception
*Global equity includes large cap U.S. equity, mid capU.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity
PrivateEquity 5%
Real Estate/Natural Resources 4%
College and Administration 40% Student Support 37%
Faculty and StaffSupport 17%
Research 3%Other 3%
Facilities 1%
2120
CCoolllleeggee ooff AAggrriiccuullttuurree3,618 donors$20,037,994 in new gifts and commitments
n Recorded the second bestfundraising year ever with morethan $20 million committed tothe college—including morethan $12 million in outright cashcontributions.
n Gifts totaling more than $4.5 mil-lion allowed the college to significantly enhance new orexisting programs—including$1.7 million for a new jointlyadministered Seed Science/MBAProgram with the College ofBusiness; more than $1.6 millionfor biorenewables programs;and nearly $1 million for JudgingTeam activities in the depart-ment of animal science.
n Completed the fundraising for a$1 million package of graduatefellowships in the Seed ScienceCenter, in conjunction with theIowa Seed Association.
n The Iowa Egg Council pledgedmore than $1 million for theIowa Egg Industry EndowedProgram.
CCoolllleeggee ooff BBuussiinneessss2,045 donors$5,741,817 in new gifts and commitments
n Private support increased 29percent from the previous year.
n Roger Murphy committed anadditional estate gift of $700,000to help move the Roger P.Murphy Professorship inAccounting to a faculty chairposition.
n Long-time supporters of the college continued to leave alegacy by committing an addi-tional $1.3 million through theirestate. This is in addition to the$1.2 million they committed last year.
n Dean and Sandra Carlson tookadvantage of the KETRA legisla-tion and made a $210,000 cashgift to the college to endow astudent scholarship.
CCoolllleeggee ooff DDeessiiggnn1,138 donors$2,646,074 in new gifts and commitments
n Fiscal year 2006 was a recordbreaking year for the college interms of private support with anincrease of more than 282 per-cent from last year.
n Steve and Barb King pledged $1 million to help fund construc-tion of a building addition andestablish the King Laboratory forSustainable Design Practice.
n Bryce and Rita Pearsall havemade a significant commitmentto help fund the 22,000-square-foot building that will house studio space for students.
CCoolllleeggee ooff EEnnggiinneeeerriinngg4,371 donors$18,673,209 in new gifts and commitments
n Secured a commitment of $5 million for a new building to house the agricultural and biosystems engineeringdepartment.
n The W.M. Keck Foundationdonated $1.6 million to establisha new lab including a LEAPMicroscope that will enablehigh throughput atomic-scalemapping in materials chemistry.
n The college initiated a newEngineering LeadershipProgram with the support of a $500,000 commitment from the 3M Foundation.
n Received a $1.5 million pledgefor Galloway Scholarships.
More than 54,000 donors made gifts and future commitments to supportall corners of the Iowa State campus in fiscal year 2006. Following arehighlights of how these gifts are making an impact at the university.
C O L L E G E A N D C A M P U S G I V I N G
ACADEMIC GIVING
CCoolllleeggee ooff HHuummaann SScciieenncceess2,978 donors$3,602,480 in new gifts and commitments
n Secured a $750,000 deferred gift for a professorship andendowed scholarship to benefitthe department of health andhuman performance.
n Carol Alexander Phillips and herhusband Dean have teamed upwith Elizabeth Alexander tojointly contribute $210,000 toestablish endowed scholarshipsin their parents’ name.
n Sally and Kim Beisser increasedthe Beisser Service LearningAward from two scholarships at $1,500 each to $5,000 each.
CCoolllleeggee ooff LLiibbeerraall AArrttss aanndd SScciieenncceess5,895 donors$4,770,252 in new gifts and commitments
n The college worked with ananonymous donor to establish a$1 million deferred gift that willultimately benefit the chemistryand biology departments.
n Rhonda Rush designated$500,000 in deferred commit-ments to the chemistry depart-ment to be used for the scholar-ship fund.
CCoolllleeggee ooff VVeetteerriinnaarryy MMeeddiicciinnee2,864 donors$3,328,152 in new gifts and commitments
n Received a 50 percent increasein cash contributions to the college in FY06 over FY05 and a total increase of 137 percentin the last two years.
n The Scott and Nancy ArmbrustProfessorship in VeterinaryMedicine was establishedwhich focuses on bovine production and reproductionmedicine.
n Secured new gifts and pledgestotaling $757,515 for theVeterinary Teaching Hospitalrenovation project, the college’shighest fundraising priority. This included support of$200,000 from the Iowa PorkProducers Association and$100,000 from the Iowa FarmBureau Federation.
n Initiated the first-ever GratefulPatients solicitation directedtoward owners of animals thatwere referred for treatment to theVeterinary Teaching Hospital bytheir local veterinarians—whichhelped to almost double the number of donors to the college.
UUnniivveerrssiittyy LLiibbrraarryy3,348 donors$868,473 in new gifts and commitments
n The Roy J. Carver Charitable Trustpledged $266,280 for a UniversityLibrary Learning ConnectionsCenter. The gift will allow transfor-mation of the library’s central reference service into creativelearning spaces for studentgroups and individual study.
n Funding of $350,000 from theestate of Ralph Madison estab-lished an unrestricted endow-ment for the general support of the university library.
2120
CCoolllleeggee ooff AAggrriiccuullttuurree3,618 donors$20,037,994 in new gifts and commitments
n Recorded the second bestfundraising year ever with morethan $20 million committed tothe college—including morethan $12 million in outright cashcontributions.
n Gifts totaling more than $4.5 mil-lion allowed the college to significantly enhance new orexisting programs—including$1.7 million for a new jointlyadministered Seed Science/MBAProgram with the College ofBusiness; more than $1.6 millionfor biorenewables programs;and nearly $1 million for JudgingTeam activities in the depart-ment of animal science.
n Completed the fundraising for a$1 million package of graduatefellowships in the Seed ScienceCenter, in conjunction with theIowa Seed Association.
n The Iowa Egg Council pledgedmore than $1 million for theIowa Egg Industry EndowedProgram.
CCoolllleeggee ooff BBuussiinneessss2,045 donors$5,741,817 in new gifts and commitments
n Private support increased 29percent from the previous year.
n Roger Murphy committed anadditional estate gift of $700,000to help move the Roger P.Murphy Professorship inAccounting to a faculty chairposition.
n Long-time supporters of the college continued to leave alegacy by committing an addi-tional $1.3 million through theirestate. This is in addition to the$1.2 million they committed last year.
n Dean and Sandra Carlson tookadvantage of the KETRA legisla-tion and made a $210,000 cashgift to the college to endow astudent scholarship.
CCoolllleeggee ooff DDeessiiggnn1,138 donors$2,646,074 in new gifts and commitments
n Fiscal year 2006 was a recordbreaking year for the college interms of private support with anincrease of more than 282 per-cent from last year.
n Steve and Barb King pledged $1 million to help fund construc-tion of a building addition andestablish the King Laboratory forSustainable Design Practice.
n Bryce and Rita Pearsall havemade a significant commitmentto help fund the 22,000-square-foot building that will house studio space for students.
CCoolllleeggee ooff EEnnggiinneeeerriinngg4,371 donors$18,673,209 in new gifts and commitments
n Secured a commitment of $5 million for a new building to house the agricultural and biosystems engineeringdepartment.
n The W.M. Keck Foundationdonated $1.6 million to establisha new lab including a LEAPMicroscope that will enablehigh throughput atomic-scalemapping in materials chemistry.
n The college initiated a newEngineering LeadershipProgram with the support of a $500,000 commitment from the 3M Foundation.
n Received a $1.5 million pledgefor Galloway Scholarships.
More than 54,000 donors made gifts and future commitments to supportall corners of the Iowa State campus in fiscal year 2006. Following arehighlights of how these gifts are making an impact at the university.
C O L L E G E A N D C A M P U S G I V I N G
ACADEMIC GIVING
CCoolllleeggee ooff HHuummaann SScciieenncceess2,978 donors$3,602,480 in new gifts and commitments
n Secured a $750,000 deferred gift for a professorship andendowed scholarship to benefitthe department of health andhuman performance.
n Carol Alexander Phillips and herhusband Dean have teamed upwith Elizabeth Alexander tojointly contribute $210,000 toestablish endowed scholarshipsin their parents’ name.
n Sally and Kim Beisser increasedthe Beisser Service LearningAward from two scholarships at $1,500 each to $5,000 each.
CCoolllleeggee ooff LLiibbeerraall AArrttss aanndd SScciieenncceess5,895 donors$4,770,252 in new gifts and commitments
n The college worked with ananonymous donor to establish a$1 million deferred gift that willultimately benefit the chemistryand biology departments.
n Rhonda Rush designated$500,000 in deferred commit-ments to the chemistry depart-ment to be used for the scholar-ship fund.
CCoolllleeggee ooff VVeetteerriinnaarryy MMeeddiicciinnee2,864 donors$3,328,152 in new gifts and commitments
n Received a 50 percent increasein cash contributions to the college in FY06 over FY05 and a total increase of 137 percentin the last two years.
n The Scott and Nancy ArmbrustProfessorship in VeterinaryMedicine was establishedwhich focuses on bovine production and reproductionmedicine.
n Secured new gifts and pledgestotaling $757,515 for theVeterinary Teaching Hospitalrenovation project, the college’shighest fundraising priority. This included support of$200,000 from the Iowa PorkProducers Association and$100,000 from the Iowa FarmBureau Federation.
n Initiated the first-ever GratefulPatients solicitation directedtoward owners of animals thatwere referred for treatment to theVeterinary Teaching Hospital bytheir local veterinarians—whichhelped to almost double the number of donors to the college.
UUnniivveerrssiittyy LLiibbrraarryy3,348 donors$868,473 in new gifts and commitments
n The Roy J. Carver Charitable Trustpledged $266,280 for a UniversityLibrary Learning ConnectionsCenter. The gift will allow transfor-mation of the library’s central reference service into creativelearning spaces for studentgroups and individual study.
n Funding of $350,000 from theestate of Ralph Madison estab-lished an unrestricted endow-ment for the general support of the university library.
2322
C O L L E G E A N D C A M P U S G I V I N G / continued
AAlluummnnii AAssssoocciiaattiioonn893 donors$1,600,377 in new gifts and commitments
n Fundraising efforts continued for the new Alumni Center withalmost $830,000 generated innew gifts and commitments forthe facility that is now underconstruction.
n More than $532,000 waspledged toward the AlumniCenter endowment to help ongoing support of the building.
AAtthhlleettiiccss7,935 donors$5,733,002 in new gifts and commitments
n Unveiled a comprehensive facility master plan and beganmoving forward on fundraisingefforts. This plan includes amajor remodeling of HiltonColiseum, significant upgradesto Jack Trice Stadium, a studentrecreation center, and the con-cept of a Gateway AthleticsComplex.
n Received a $1.5 million gift fromRod and Connie French for theHixson-Lied Student SuccessCenter which will include theRod and Connie French AthleticAcademic Center scheduled toopen in January 2007.
n Funding was completed for thefootball locker room which wascompletely renovated to providethe football squad with state-of-the-art facilities.
EExxtteennssiioonn//44--HH1,173 donors$346,037 in new gifts and commitments
n Swiss Valley Farms committedfunds to help the NortheastArea Dairy Center better servethe dairy industry.
n Private support helped ISUExtension serve more than754,000 clients last year.
IIoowwaa SSttaattee CCeenntteerr562 donors$92,117 in new gifts and commitments
n Nearly $90,000 was directed tothe Stephens Program Fund bydonors—supporting the manyworld-class performances thatcome to Ames every year.
RReeiimmaann GGaarrddeennss3,483 donors$492,536 in new gifts and commitments
n Private gift support allowed theReiman Gardens to expand itssummer hours to 9 p.m. everynight, giving members and visi-tors additional opportunities toenjoy the gardens and displaysduring the peak season.
n Thanks to private support, the Reiman Gardens staff hasreceived national attention forits process of designing the gardens each year on a rotatingtheme—and integrating horti-culture, entomology, educationand events into the theme.
SSttuuddeenntt AAffffaaiirrss1,062 donors$2,700,955 in new gifts and commitments
n Private gifts continue toenhance the prestigiousPresidential Leadership Awards,which are annually presented tothe top ISU student leaders oncampus and allow them theopportunity to focus on academ-ics and student activities.
n VEISHEA returned in 2006 andmany donors supported theVEISHEA Scholars Program,which provides support toincoming freshmen at IowaState. In addition, general scholarship support assists students with the challenge of rising tuition.
UUnniivveerrssiittyy MMuusseeuummss1,091 donors$838,629 in new gifts and commitments
n In honor of its 50th reunion, theISU Class of 1956 raised morethan $56,000 to support theinstallation of a new sculpture—Albert Paley’s Transformation—at the newly-renovated Morrill Hall.
n Membership to supportUniversity Museums grew tomore than $56,000 which will be used to help ongoing pro-grams and exhibitions; as wellas assist with the opening of theChristian Petersen Art Museumin spring 2007.
MAJOR PROGRAM GIVING
Cara K. Heiden*ChairUrbandale, Iowa
Division President
Wells Fargo Home
Mortgage
Sandra L. Davis, Ph.D.*Vice ChairEdina, Minnesota
CEO
MDA Leadership
Consulting
Steven T. Schuler*TreasurerUrbandale, Iowa
Senior Vice President and
Chief Financial Officer
Federal Home Loan Bank
of Des Moines
David W. Van Wert*SecretarySun City West, Arizona
President and CEO
Van Wert Associates
Lyle P. Campbell
Paradise Valley, Arizona
Chairman of the Board
Legacy Bank
Gregory L. Geoffroy*
Ames, Iowa
President
Iowa State University
Labh S. Hira
Ames, Iowa
Dean and Professor
College of Business
Iowa State University
Sharon L. Juon
Waterloo, Iowa
Executive Director
INRCOG
Gerald A. Kolschowsky
Oak Brook, Illinois
Retired Chairman
OSI Industries, LLC
Joanne M. Kuster
Johnston, Iowa
President
Kuster, Ltd.
Robert E. McLaughlin*
Arlingon, Virginia
Sr. Partner
Steptoe & Johnson, LLP
Owen J. Newlin
Des Moines, Iowa
Retired Senior Vice
President and Director
Pioneer Hi-Bred
International, Inc.
James P. Stein
Muscatine, Iowa
Chairman of the Board
Central Bancshares, Inc.
Sheryl K. Sunderman
Dallas, Texas
Managing Partner
Accenture
Roger C. Underwood*
Ames, Iowa
Partner
Riverwood Capital
Marvin J. Walter
Ames, Iowa
President and Owner
Dayton Road Development
Corp.
Stephen R. Watson
South Natick, Massachusetts
Co-Founder and Principal
Walnut Venture Associates
*Member of the executive committee
I S U F O U N D A T I O N B O A R D O F D I R E C T O R S
The ISU Foundation board and committee members help set the policiesand future direction of the ISU Foundation. These volunteers servedduring fiscal year 2006.
I S U F O U N D AT I O N G O V E R N O R S
More than 200 ISU Foundation governors and governors emeritus serve lifetime appointments. This group
of dedicated volunteers is highly active with the university and helps influence the success of the foundation.
For a complete list of governors, visit our Web site at www.foundation.iastate.edu.
2322
C O L L E G E A N D C A M P U S G I V I N G / continued
AAlluummnnii AAssssoocciiaattiioonn893 donors$1,600,377 in new gifts and commitments
n Fundraising efforts continued for the new Alumni Center withalmost $830,000 generated innew gifts and commitments forthe facility that is now underconstruction.
n More than $532,000 waspledged toward the AlumniCenter endowment to help ongoing support of the building.
AAtthhlleettiiccss7,935 donors$5,733,002 in new gifts and commitments
n Unveiled a comprehensive facility master plan and beganmoving forward on fundraisingefforts. This plan includes amajor remodeling of HiltonColiseum, significant upgradesto Jack Trice Stadium, a studentrecreation center, and the con-cept of a Gateway AthleticsComplex.
n Received a $1.5 million gift fromRod and Connie French for theHixson-Lied Student SuccessCenter which will include theRod and Connie French AthleticAcademic Center scheduled toopen in January 2007.
n Funding was completed for thefootball locker room which wascompletely renovated to providethe football squad with state-of-the-art facilities.
EExxtteennssiioonn//44--HH1,173 donors$346,037 in new gifts and commitments
n Swiss Valley Farms committedfunds to help the NortheastArea Dairy Center better servethe dairy industry.
n Private support helped ISUExtension serve more than754,000 clients last year.
IIoowwaa SSttaattee CCeenntteerr562 donors$92,117 in new gifts and commitments
n Nearly $90,000 was directed tothe Stephens Program Fund bydonors—supporting the manyworld-class performances thatcome to Ames every year.
RReeiimmaann GGaarrddeennss3,483 donors$492,536 in new gifts and commitments
n Private gift support allowed theReiman Gardens to expand itssummer hours to 9 p.m. everynight, giving members and visi-tors additional opportunities toenjoy the gardens and displaysduring the peak season.
n Thanks to private support, the Reiman Gardens staff hasreceived national attention forits process of designing the gardens each year on a rotatingtheme—and integrating horti-culture, entomology, educationand events into the theme.
SSttuuddeenntt AAffffaaiirrss1,062 donors$2,700,955 in new gifts and commitments
n Private gifts continue toenhance the prestigiousPresidential Leadership Awards,which are annually presented tothe top ISU student leaders oncampus and allow them theopportunity to focus on academ-ics and student activities.
n VEISHEA returned in 2006 andmany donors supported theVEISHEA Scholars Program,which provides support toincoming freshmen at IowaState. In addition, general scholarship support assists students with the challenge of rising tuition.
UUnniivveerrssiittyy MMuusseeuummss1,091 donors$838,629 in new gifts and commitments
n In honor of its 50th reunion, theISU Class of 1956 raised morethan $56,000 to support theinstallation of a new sculpture—Albert Paley’s Transformation—at the newly-renovated Morrill Hall.
n Membership to supportUniversity Museums grew tomore than $56,000 which will be used to help ongoing pro-grams and exhibitions; as wellas assist with the opening of theChristian Petersen Art Museumin spring 2007.
MAJOR PROGRAM GIVING
Cara K. Heiden*ChairUrbandale, Iowa
Division President
Wells Fargo Home
Mortgage
Sandra L. Davis, Ph.D.*Vice ChairEdina, Minnesota
CEO
MDA Leadership
Consulting
Steven T. Schuler*TreasurerUrbandale, Iowa
Senior Vice President and
Chief Financial Officer
Federal Home Loan Bank
of Des Moines
David W. Van Wert*SecretarySun City West, Arizona
President and CEO
Van Wert Associates
Lyle P. Campbell
Paradise Valley, Arizona
Chairman of the Board
Legacy Bank
Gregory L. Geoffroy*
Ames, Iowa
President
Iowa State University
Labh S. Hira
Ames, Iowa
Dean and Professor
College of Business
Iowa State University
Sharon L. Juon
Waterloo, Iowa
Executive Director
INRCOG
Gerald A. Kolschowsky
Oak Brook, Illinois
Retired Chairman
OSI Industries, LLC
Joanne M. Kuster
Johnston, Iowa
President
Kuster, Ltd.
Robert E. McLaughlin*
Arlingon, Virginia
Sr. Partner
Steptoe & Johnson, LLP
Owen J. Newlin
Des Moines, Iowa
Retired Senior Vice
President and Director
Pioneer Hi-Bred
International, Inc.
James P. Stein
Muscatine, Iowa
Chairman of the Board
Central Bancshares, Inc.
Sheryl K. Sunderman
Dallas, Texas
Managing Partner
Accenture
Roger C. Underwood*
Ames, Iowa
Partner
Riverwood Capital
Marvin J. Walter
Ames, Iowa
President and Owner
Dayton Road Development
Corp.
Stephen R. Watson
South Natick, Massachusetts
Co-Founder and Principal
Walnut Venture Associates
*Member of the executive committee
I S U F O U N D A T I O N B O A R D O F D I R E C T O R S
The ISU Foundation board and committee members help set the policiesand future direction of the ISU Foundation. These volunteers servedduring fiscal year 2006.
I S U F O U N D AT I O N G O V E R N O R S
More than 200 ISU Foundation governors and governors emeritus serve lifetime appointments. This group
of dedicated volunteers is highly active with the university and helps influence the success of the foundation.
For a complete list of governors, visit our Web site at www.foundation.iastate.edu.
24
The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.
Number of donors supporting ISU in FY06.
Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital
Number of new scholarships and fellowships created in FY06.
Number of living Iowa State alumni in the university’s database.
Number of season football tickets sold this year (as of September), which is a new record.
Number of career majors to choose from at Iowa State.
The number of benefactors it takes to make a difference at Iowa State University.
$91,995,825
54,161
10.21.06
103
200,885
30,712
1
Know yournumbers
101
Audit Committee
Kathy Howell
Leonard Rodman
Arend Sandbulte
Norman Skadburg
Sheryl Sunderman, chair
Thelma Voetberg
Lynn Vorbrich
Awards Committee
John Axel
Willis Bywater
Sandy Rogers May, chair
Roberta Simpson-Dolbeare
Noel Smith
Jamie Stensland
Roy Uelner
Governance Committee
Sandra Davis, chair
John DeVries
Denise Essman
James Frevert
Diane Greenlee
Daniel Krieger
Joanne Kuster
Beverly Madden
David Shoultz
Gary Thompson
Donald Zuck
Campaign Executive Committee
Steve Bergstrom
Gerald Kolschowsky
Karen Kolschowsky
W. Eugene Lloyd
Linda Lloyd
Charles Manatt
James Melsa
Katherine Melsa
Owen Newlin
Richard Stanley
Roger Underwood, chair
Finance Committee
Marla Franklin
Rudolph Herrmann
Labh Hira
John Hsu
Steven Schuler, chair
Robert Stafford
James Stein
David Van Wert
Gift Acceptance Committee
Beverly Crabtree
Debra Engle
Lisa Eslinger
Craig Marrs
Dan Saftig
William Woodman
Investment Committee
Steve Bergstrom
Lloyd Bettis
James Frein
Gary Hoover
Warren Madden
Robert McLaughlin, chair
John Rogers
Robert Vasko
Stephen Watson
Stewardship Committee
Diane Greenlee
Sharon Juon, chair
Andrew Lashier
Craig Marrs
Kay Runge
Jean Steffenson
Donna Whitney
Women & Philanthropy
Committee
Colleen Armstrong
Sally Beisser
Rhonda Christensen
Suzanna de Baca
Mary Dubas
Kathy Geoffroy
Diane Greenlee
Susan Heaton
Peggy Johnson
Sharon Juon
Barbara Kinney
Kristi Knous
Joanne Kuster
Beverly Madden
Michelle Mahoney, chair
Karol Nickell
Kari Roehr
Leslie Saftig
Michele Whitty
The Gateway Hotel
Board of Directors
Ken Bussard
Willis Bywater
John Dasher
William Goodwin
Sharon Juon
Warren Madden
Jean Steffenson
Dennis Wood
I S U F O U N D A T I O N C O M M I T T E E S
ISU Foundation committee members help set the policies and futuredirection of the ISU Foundation. The following committee membersserved during fiscal year 2005.
24
The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.
Number of donors supporting ISU in FY06.
Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital
Number of new scholarships and fellowships created in FY06.
Number of living Iowa State alumni in the university’s database.
Number of season football tickets sold this year (as of September), which is a new record.
Number of career majors to choose from at Iowa State.
The number of benefactors it takes to make a difference at Iowa State University.
$91,995,825
54,161
10.21.06
103
200,885
30,712
1
Know yournumbers
101
Audit Committee
Kathy Howell
Leonard Rodman
Arend Sandbulte
Norman Skadburg
Sheryl Sunderman, chair
Thelma Voetberg
Lynn Vorbrich
Awards Committee
John Axel
Willis Bywater
Sandy Rogers May, chair
Roberta Simpson-Dolbeare
Noel Smith
Jamie Stensland
Roy Uelner
Governance Committee
Sandra Davis, chair
John DeVries
Denise Essman
James Frevert
Diane Greenlee
Daniel Krieger
Joanne Kuster
Beverly Madden
David Shoultz
Gary Thompson
Donald Zuck
Campaign Executive Committee
Steve Bergstrom
Gerald Kolschowsky
Karen Kolschowsky
W. Eugene Lloyd
Linda Lloyd
Charles Manatt
James Melsa
Katherine Melsa
Owen Newlin
Richard Stanley
Roger Underwood, chair
Finance Committee
Marla Franklin
Rudolph Herrmann
Labh Hira
John Hsu
Steven Schuler, chair
Robert Stafford
James Stein
David Van Wert
Gift Acceptance Committee
Beverly Crabtree
Debra Engle
Lisa Eslinger
Craig Marrs
Dan Saftig
William Woodman
Investment Committee
Steve Bergstrom
Lloyd Bettis
James Frein
Gary Hoover
Warren Madden
Robert McLaughlin, chair
John Rogers
Robert Vasko
Stephen Watson
Stewardship Committee
Diane Greenlee
Sharon Juon, chair
Andrew Lashier
Craig Marrs
Kay Runge
Jean Steffenson
Donna Whitney
Women & Philanthropy
Committee
Colleen Armstrong
Sally Beisser
Rhonda Christensen
Suzanna de Baca
Mary Dubas
Kathy Geoffroy
Diane Greenlee
Susan Heaton
Peggy Johnson
Sharon Juon
Barbara Kinney
Kristi Knous
Joanne Kuster
Beverly Madden
Michelle Mahoney, chair
Karol Nickell
Kari Roehr
Leslie Saftig
Michele Whitty
The Gateway Hotel
Board of Directors
Ken Bussard
Willis Bywater
John Dasher
William Goodwin
Sharon Juon
Warren Madden
Jean Steffenson
Dennis Wood
I S U F O U N D A T I O N C O M M I T T E E S
ISU Foundation committee members help set the policies and futuredirection of the ISU Foundation. The following committee membersserved during fiscal year 2005.
NonprofitOrganizationU.S. Postage
PAIDDes Moines, IowaPermit No. 5507
Iowa State University Foundation2505 Elwood DriveAmes, IA 50010-8644
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