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ConnectionsFor Friends of the Iowa State University Foundation
t ANNUAL REPORT t CANCER RESEARCH t STUDENT SUCCESS CENTER t ALUMNI CENTER t
F A L L / W I N T E R 2 0 0 5
Inspiring Stories of Private Support at Iowa State
Inspiring Stories of Private Support at Iowa State
ConnectionsF A L L / W I N T E R 2 0 0 5
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.
Last year was a verygood year for IowaState in so many
ways, and it gives usgreat momentum as wepursue an ambitiousagenda this year,including the planningfor what will be thelargest fund-raisingcampaign in IowaState’s history!
We are very grateful for the
tremendous generosity of our
friends and alumni who made
fiscal year 2005 one of our best
ever. Last year, our private sup-
port grew to $83.2 million in
new gifts and future commit-
ments, and the number of
donors to the university grew to
55,279, which is a new record!
And most importantly, we
were the recipient of much-
needed private support for our
faculty, students, programs and
facilities. Through their gen-
erosity, donors established 10
new endowed chairs, professor-
ships and faculty fellowships
as well as 92 new scholarships
and graduate fellowships.
Great stories from the past
year include a $10 million gift
to endow programs to help
developing nations create a
sustainable livelihood, donors
committing $10 million to
establish an academic resource
center for Iowa State students,
and successful fundraising for a
new home for the ISU Alumni
Association—all made possible
due to private support.
Alumni and friends are
supporting Iowa State in record
numbers because they believe
in what is taking place at this
university—faculty, staff and
students working to build a
bright future for the next gen-
eration of our country’s leaders.
While the past year has been
very successful, many of you
have heard me outline Iowa
State’s ambitious goals for the
future that began with our new
strategic plan for 2005-2010.
We have much work to do, and
support from friends like you
will be absolutely critical to
achieving our goals. We are in
the process of finalizing plans
for Iowa State’s next compre-
hensive fund-raising campaign.
It will be a bold initiative—
Iowa State’s largest ever.
We must find the resources
to attract and retain the best
and brightest students and
faculty, and to build and
improve facilities that will
enhance learning and provide
environments for students and
professors to do their very best
work. And we must continue
to make Iowa State that very
special place to live and learn
for our students. In the coming
months, you will be hearing
more about this plan.
Moving forward is exciting,
challenging and inspiring. But
what makes it all the more
wonderful is the great family
of Iowa State alumni and
friends that is working with us.
Thanks to you, this is a great
time to be at Iowa State. Just
watch what we can accomplish
together! t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
Continuing Our Momentum
Lyle P. Campbell Paradise Valley, Ariz.
Sandra L. Davis, Vice ChairEdina, Minn.
Gregory L. Geoffroy Ames, Iowa
Cara K. Heiden, Chair Urbandale, 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
Steven T. Schuler, TreasurerUrbandale, Iowa
James P. SteinMuscatine, Iowa
Sheryl K. SundermanDallas, Texas
Roger C. UnderwoodAmes, Iowa
David W. Van Wert, SecretarySun City West, Ariz.
Marvin J. WalterAmes, Iowa
Stephen L. WatsonSouth Natick, Mass.
IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06
1
$83.2 million55,279 donors
IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM
Daniel P. Saftig, presidentDebra Engle, vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, director of human resources and governance
ConnectionsF A L L / W I N T E R 2 0 0 5
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.
Last year was a verygood year for IowaState in so many
ways, and it gives usgreat momentum as wepursue an ambitiousagenda this year,including the planningfor what will be thelargest fund-raisingcampaign in IowaState’s history!
We are very grateful for the
tremendous generosity of our
friends and alumni who made
fiscal year 2005 one of our best
ever. Last year, our private sup-
port grew to $83.2 million in
new gifts and future commit-
ments, and the number of
donors to the university grew to
55,279, which is a new record!
And most importantly, we
were the recipient of much-
needed private support for our
faculty, students, programs and
facilities. Through their gen-
erosity, donors established 10
new endowed chairs, professor-
ships and faculty fellowships
as well as 92 new scholarships
and graduate fellowships.
Great stories from the past
year include a $10 million gift
to endow programs to help
developing nations create a
sustainable livelihood, donors
committing $10 million to
establish an academic resource
center for Iowa State students,
and successful fundraising for a
new home for the ISU Alumni
Association—all made possible
due to private support.
Alumni and friends are
supporting Iowa State in record
numbers because they believe
in what is taking place at this
university—faculty, staff and
students working to build a
bright future for the next gen-
eration of our country’s leaders.
While the past year has been
very successful, many of you
have heard me outline Iowa
State’s ambitious goals for the
future that began with our new
strategic plan for 2005-2010.
We have much work to do, and
support from friends like you
will be absolutely critical to
achieving our goals. We are in
the process of finalizing plans
for Iowa State’s next compre-
hensive fund-raising campaign.
It will be a bold initiative—
Iowa State’s largest ever.
We must find the resources
to attract and retain the best
and brightest students and
faculty, and to build and
improve facilities that will
enhance learning and provide
environments for students and
professors to do their very best
work. And we must continue
to make Iowa State that very
special place to live and learn
for our students. In the coming
months, you will be hearing
more about this plan.
Moving forward is exciting,
challenging and inspiring. But
what makes it all the more
wonderful is the great family
of Iowa State alumni and
friends that is working with us.
Thanks to you, this is a great
time to be at Iowa State. Just
watch what we can accomplish
together! t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
Continuing Our Momentum
Lyle P. Campbell Paradise Valley, Ariz.
Sandra L. Davis, Vice ChairEdina, Minn.
Gregory L. Geoffroy Ames, Iowa
Cara K. Heiden, Chair Urbandale, 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
Steven T. Schuler, TreasurerUrbandale, Iowa
James P. SteinMuscatine, Iowa
Sheryl K. SundermanDallas, Texas
Roger C. UnderwoodAmes, Iowa
David W. Van Wert, SecretarySun City West, Ariz.
Marvin J. WalterAmes, Iowa
Stephen L. WatsonSouth Natick, Mass.
IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06
1
$83.2 million55,279 donors
IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM
Daniel P. Saftig, presidentDebra Engle, vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, director of human resources and governance
2
Excitement growsacross campus. The lives of students
who enter the newHixson-Lied StudentSuccess Center couldchange forever. Thatvision—build it andthey will come to takeadvantage of counsel-ing, tutoring, testingand much more—encompasses each and every student atIowa State.
The new $10 million center, to
be completed along Beach Road
in March of 2007, provides
extensive academic services
and a much-anticipated sense
of community. Any Iowa State
student can use the resource
library, computer labs, individ-
ual and group study rooms and
meeting and classroom spaces.
Prospective students and their
families will take comfort in
many new resources, including
help for demanding schedules
and succeeding in large lecture
courses.
The center will house the
Christina Hixson Opportunity
Awards Program. In addition,
student-athletes can come
to the second floor Rod
and Connie French Athletic
Academic Center for cus-
tomized academic support.
“This center is the result
of alumni and friends coming
together to do something
meaningful for ISU students,”
says Iowa State University
President Gregory Geoffroy.
“It will help students through
their academic and life jour-
neys at Iowa State.
“This building will be visible,
inviting and accessible...so we
want students to come here
early and come here often. The
entire student body will benefit.”
Christina Hixson, a Clarinda,
Iowa native, is the sole trustee
for the Ernst F. Lied Foundation
Trust, which has generously
pledged $5 million for this proj-
ect. Since 1995, the Christina
Hixson Opportunity Awards—
also to be housed in the new cen-
ter—have supported up to 400
ISU undergraduate students each
year with financial assistance.
Des Moines couple Rod
and Connie French, long-time
supporters of Cyclone athletics
and the Cyclone hockey pro-
gram, committed $1.5 million
to establish the athletic academic
center. t
A Vision for Every Student to Succeed
3
An architect’s rendering of the new Hixson-Lied Student Success Center fromthe southeast view (top photo) and northeast view (bottom photo).
Mention of the nameMax Wortman,distinguished
Iowa State professor of management, imme-diately generatespraise. Students andassociates alike callhim an amazing per-son, a caring professor,a great mentor and anexemplary role modelwho would alwaysoffer words of encour-agement and advice.
To everyone who knew him,
Max was a dynamo of energy
and enthusiasm, never content
with the status quo. He was a
genuine person who always
spoke his mind, with a
great passion for Iowa State
University (his alma mater)
and a strong sense of advocacy
for students and colleagues.
Because he was so dedicated
to his profession, and especially
to his award-winning work
with national and international
business organizations, retire-
ment from the teaching Max
loved was not an option for
him. At age 72, he suffered a
stroke just hours after finishing
his evening business manage-
ment class and passed away
later that night.
Now, thanks to a generous
gift from his wife, Cora, the
Max Wortman legacy will live
on. She has established the
Max S. Wortman, Jr. Endowed
Professorship to honor Max and
his devotion to higher educa-
tion in the field of management.
“Colleagues around the
world called him the Happy
Wanderer,” says Cora, “and his
enthusiasm for book knowl-
edge and love of student inter-
action allowed him to teach
for 49 years.”
The professorship encour-
ages excellence in teaching,
research and service through
faculty and graduate student
mentoring. It seeks to instill
a desire for learning in under-
graduates through innovation
and the enthusiasm for teach-
ing that so characterized Max
throughout his career.
Paula Morrow, ISU professor
of management, is the first
recipient of the Wortman
Professorship. In this new posi-
tion, her teaching and research
will benefit from exposure to
the international business arena.
“We are encouraging Paula to
get involved in worldwide busi-
ness organizations in the spirit
of the gift, especially given
Max’s national and international
involvement,” said Labh Hira,
dean of the College of Business.
“This new professorship
will help the entire department
move forward, Dean Hira said.
“Endowed positions are made
possible by private support, and
are very important to attract
and retain the best faculty at
ISU. We’re very appreciative of
the Wortman family. This is a
great legacy for Max and his
commitment to teaching.” t
The “Happy Wanderer” Lives On
Max Wortman
Max received his doctorate from theUniversity of Minnesota in 1962.
2
Excitement growsacross campus. The lives of students
who enter the newHixson-Lied StudentSuccess Center couldchange forever. Thatvision—build it andthey will come to takeadvantage of counsel-ing, tutoring, testingand much more—encompasses each and every student atIowa State.
The new $10 million center, to
be completed along Beach Road
in March of 2007, provides
extensive academic services
and a much-anticipated sense
of community. Any Iowa State
student can use the resource
library, computer labs, individ-
ual and group study rooms and
meeting and classroom spaces.
Prospective students and their
families will take comfort in
many new resources, including
help for demanding schedules
and succeeding in large lecture
courses.
The center will house the
Christina Hixson Opportunity
Awards Program. In addition,
student-athletes can come
to the second floor Rod
and Connie French Athletic
Academic Center for cus-
tomized academic support.
“This center is the result
of alumni and friends coming
together to do something
meaningful for ISU students,”
says Iowa State University
President Gregory Geoffroy.
“It will help students through
their academic and life jour-
neys at Iowa State.
“This building will be visible,
inviting and accessible...so we
want students to come here
early and come here often. The
entire student body will benefit.”
Christina Hixson, a Clarinda,
Iowa native, is the sole trustee
for the Ernst F. Lied Foundation
Trust, which has generously
pledged $5 million for this proj-
ect. Since 1995, the Christina
Hixson Opportunity Awards—
also to be housed in the new cen-
ter—have supported up to 400
ISU undergraduate students each
year with financial assistance.
Des Moines couple Rod
and Connie French, long-time
supporters of Cyclone athletics
and the Cyclone hockey pro-
gram, committed $1.5 million
to establish the athletic academic
center. t
A Vision for Every Student to Succeed
3
An architect’s rendering of the new Hixson-Lied Student Success Center fromthe southeast view (top photo) and northeast view (bottom photo).
Mention of the nameMax Wortman,distinguished
Iowa State professor of management, imme-diately generatespraise. Students andassociates alike callhim an amazing per-son, a caring professor,a great mentor and anexemplary role modelwho would alwaysoffer words of encour-agement and advice.
To everyone who knew him,
Max was a dynamo of energy
and enthusiasm, never content
with the status quo. He was a
genuine person who always
spoke his mind, with a
great passion for Iowa State
University (his alma mater)
and a strong sense of advocacy
for students and colleagues.
Because he was so dedicated
to his profession, and especially
to his award-winning work
with national and international
business organizations, retire-
ment from the teaching Max
loved was not an option for
him. At age 72, he suffered a
stroke just hours after finishing
his evening business manage-
ment class and passed away
later that night.
Now, thanks to a generous
gift from his wife, Cora, the
Max Wortman legacy will live
on. She has established the
Max S. Wortman, Jr. Endowed
Professorship to honor Max and
his devotion to higher educa-
tion in the field of management.
“Colleagues around the
world called him the Happy
Wanderer,” says Cora, “and his
enthusiasm for book knowl-
edge and love of student inter-
action allowed him to teach
for 49 years.”
The professorship encour-
ages excellence in teaching,
research and service through
faculty and graduate student
mentoring. It seeks to instill
a desire for learning in under-
graduates through innovation
and the enthusiasm for teach-
ing that so characterized Max
throughout his career.
Paula Morrow, ISU professor
of management, is the first
recipient of the Wortman
Professorship. In this new posi-
tion, her teaching and research
will benefit from exposure to
the international business arena.
“We are encouraging Paula to
get involved in worldwide busi-
ness organizations in the spirit
of the gift, especially given
Max’s national and international
involvement,” said Labh Hira,
dean of the College of Business.
“This new professorship
will help the entire department
move forward, Dean Hira said.
“Endowed positions are made
possible by private support, and
are very important to attract
and retain the best faculty at
ISU. We’re very appreciative of
the Wortman family. This is a
great legacy for Max and his
commitment to teaching.” t
The “Happy Wanderer” Lives On
Max Wortman
Max received his doctorate from theUniversity of Minnesota in 1962.
Imagine a magnifyingglass focusing enoughsunlight energy to
burn a dry leaf. That’sthe way Viren Amin, ascientist in the Centerfor NondestructiveEvaluation and theadjunct assistant pro-fessor at the depart-ment of electrical andcomputer engineeringat Iowa State, describesthe potential impact ofhis work with image-guided high intensityfocused ultrasound(HIFU).
Thanks to a generous gift of
$350,000 from the Roy J.
Carver Charitable Trust, Amin,
his colleagues at Iowa State and
researchers from the University
of Iowa will study HIFU as a
novel, non-invasive “surgical”
approach to cancer therapy.
The Carver Trust has been a
long-time supporter of scientific
study at Iowa State. The organi-
zation is one of Iowa State’s lead-
ing donors with a lifetime giving
to the university in excess of
$16 million. Areas of giving have
included agriculture, engineer-
ing, scholarships, library and the
lead gift to the Roy J. Carver
Co-Laboratory. The Carver Trust
is the largest private foundation
in the state of Iowa.
“The trust has historically
emphasized support for scien-
tific and biomedical research
that offers the potential to better
understand and treat the causes
of human disease,” said Troy
Ross, executive administrator
of the Carver Trust. “The work
proposed by Dr. Amin aligns
well with those interests by
focusing on innovative tech-
nologies that are testable,
reproducible and, once fully
developed, may result in pro-
found changes to the way
many cancers and other med-
ical conditions are managed.”
The two-year HIFU project
will lead to the development
of tools and technology to
produce a non-invasive, track-
less, painless and bloodless focus
on a specific tumor target with
precision. When ultrasound
with high intensity is focused
and applied to a target, it can
produce a therapeutic effect by
raising the temperature of the
targeted tissue—like the mag-
nifying glass on the dry leaf.
Ultrasound has long been
used to image the human body.
Its potential for destroying can-
cer tissue is just beginning to
be explored. The potential for
HIFU therapy may be realized
in a number of areas including
Carver Trust Gift Funds Cancer Treatment Research
4
neurosurgery, ophthalmology,
urology and hemostasis
(stopping internal bleeding).
“Within the first two years
we will focus on developing
enabling technology,” says
Amin. “This initial funding is
critical to getting us started.
Then, hopefully, we can contin-
ue the research for further devel-
opment with funds from the
National Institutes of Health.”
Some of the enabling tech-
nology developed by the team
may be groundbreaking, he says.
“It will allow us to develop
some of the high precision
therapies for complex applica-
tions such as brain tumors and
the heart.” Joining him on the
research team are a physicist,
an engineer, a veterinary clini-
cian and a neurosurgeon.
This Carver Trust gift offers
a unique opportunity for two
major academic Iowa institu-
tions to lead the development
of technology in the field of
medicine. Results of this
dynamic research could lead
to significant advancements in
the treatment of cancer. t
(left) Dr. Amin often uses meatand liver cuts to better under-stand how ultrasound wavesmove through biological tissue.(above) Amin’s team is develop-ing technology toward HIFUtherapy planning for braintumors using integration of pre-treatment imaging, ultrasoundmodels for inhomogeneous tissues, and visualization.
Dr. Viren Amin, professor of electrical and computer engineering and aresearcher at Iowa State’s Center for Nondestructive Evaluation, holds a high-powered ultrasound transducer he uses in his research. Amin is examining how ultrasound waves can be used to destroy cancerous tissue.
The potential forHIFU therapy may
be realized in a number of areas
including neurosurgery,ophthalmology,
urology and hemostasis.
5
Imagine a magnifyingglass focusing enoughsunlight energy to
burn a dry leaf. That’sthe way Viren Amin, ascientist in the Centerfor NondestructiveEvaluation and theadjunct assistant pro-fessor at the depart-ment of electrical andcomputer engineeringat Iowa State, describesthe potential impact ofhis work with image-guided high intensityfocused ultrasound(HIFU).
Thanks to a generous gift of
$350,000 from the Roy J.
Carver Charitable Trust, Amin,
his colleagues at Iowa State and
researchers from the University
of Iowa will study HIFU as a
novel, non-invasive “surgical”
approach to cancer therapy.
The Carver Trust has been a
long-time supporter of scientific
study at Iowa State. The organi-
zation is one of Iowa State’s lead-
ing donors with a lifetime giving
to the university in excess of
$16 million. Areas of giving have
included agriculture, engineer-
ing, scholarships, library and the
lead gift to the Roy J. Carver
Co-Laboratory. The Carver Trust
is the largest private foundation
in the state of Iowa.
“The trust has historically
emphasized support for scien-
tific and biomedical research
that offers the potential to better
understand and treat the causes
of human disease,” said Troy
Ross, executive administrator
of the Carver Trust. “The work
proposed by Dr. Amin aligns
well with those interests by
focusing on innovative tech-
nologies that are testable,
reproducible and, once fully
developed, may result in pro-
found changes to the way
many cancers and other med-
ical conditions are managed.”
The two-year HIFU project
will lead to the development
of tools and technology to
produce a non-invasive, track-
less, painless and bloodless focus
on a specific tumor target with
precision. When ultrasound
with high intensity is focused
and applied to a target, it can
produce a therapeutic effect by
raising the temperature of the
targeted tissue—like the mag-
nifying glass on the dry leaf.
Ultrasound has long been
used to image the human body.
Its potential for destroying can-
cer tissue is just beginning to
be explored. The potential for
HIFU therapy may be realized
in a number of areas including
Carver Trust Gift Funds Cancer Treatment Research
4
neurosurgery, ophthalmology,
urology and hemostasis
(stopping internal bleeding).
“Within the first two years
we will focus on developing
enabling technology,” says
Amin. “This initial funding is
critical to getting us started.
Then, hopefully, we can contin-
ue the research for further devel-
opment with funds from the
National Institutes of Health.”
Some of the enabling tech-
nology developed by the team
may be groundbreaking, he says.
“It will allow us to develop
some of the high precision
therapies for complex applica-
tions such as brain tumors and
the heart.” Joining him on the
research team are a physicist,
an engineer, a veterinary clini-
cian and a neurosurgeon.
This Carver Trust gift offers
a unique opportunity for two
major academic Iowa institu-
tions to lead the development
of technology in the field of
medicine. Results of this
dynamic research could lead
to significant advancements in
the treatment of cancer. t
(left) Dr. Amin often uses meatand liver cuts to better under-stand how ultrasound wavesmove through biological tissue.(above) Amin’s team is develop-ing technology toward HIFUtherapy planning for braintumors using integration of pre-treatment imaging, ultrasoundmodels for inhomogeneous tissues, and visualization.
Dr. Viren Amin, professor of electrical and computer engineering and aresearcher at Iowa State’s Center for Nondestructive Evaluation, holds a high-powered ultrasound transducer he uses in his research. Amin is examining how ultrasound waves can be used to destroy cancerous tissue.
The potential forHIFU therapy may
be realized in a number of areas
including neurosurgery,ophthalmology,
urology and hemostasis.
5
76
Students helping students throughscholarships and
job recruitment. Theseunique concepts thriveat Iowa State’s Collegeof Engineering throughtwo of the largestindoor collegiate fairsin the country. Now, anew student-initiatedendowment seeks tobuild a solid scholar-ship foundation forfuture student leaders.
Both career fairs—the Engineers’
Week Career Fair in September
and the Engineering Career
Expo in February—are organ-
ized and run by student com-
mittees, and would be judged
hugely successful for their
recruitment alone. But, Iowa
State’s engineering students
haven’t stopped there. They’ve
channeled profits from the fairs
into student scholarships.
In the past three years, the
fairs have generated more
than $300,000 for expendable
scholarships for College of
Engineering students. Recently,
the students took the next step
to make sure the profits benefit
students well into the future.
Using surplus funds from
fees paid by the nearly 300
companies who attend, student
organizers established a
$100,000 endowment to gener-
ate continuing scholarship
funds. The endowment benefits
engineering student leaders
of recognized activities at
Iowa State.
Chris Johnson, a senior in
mechanical engineering and
chair of last spring’s Career
Expo, is enthusiastic. “The
fairs generate
money, and
all of it
goes directly back into student
scholarships. This year we
decided to do something a little
different that will hopefully
grow and help students for
years to come.”
Johannah (Johnni) Tripp-
Rieks, Andrew Riha and Ryan
Haase were among the winners
of this year’s Engineers’ Week
scholarships. All three were
delighted to receive the finan-
cial assistance
for their
education.
Student Leaders Fund a Scholarship Endowment
“I was honored when I
learned that I would be receiv-
ing an E-Week Scholarship,”
says Andrew. “In addition
to the money it provides to
pay for tuition, it is an honor
that demonstrates ISU’s and
the College of Engineering’s
commitment to excellence. It
highlights the importance of
academics, leadership, and
extra-curricular activities.”
Ryan agrees receiving the
scholarship is an honor “in
recognition for good work.”
As an out-of-state student, he
says, “the scholarship helps
me attend Iowa State without
worrying about financial
issues.”
Johnni, one of this year’s
career fair co-chairs, says, “I
definitely appreciated receiv-
ing the E-Week Scholarship.
It helped me to keep in per-
spective that any money we
saved would go directly to
scholarships for engineering
students next year. A little
money saved here or there
while planning E-Week’s
events adds up to really help
someone financially.”
Engineering Career Services
Director Larry Hanneman
couldn’t be more pleased.
“We tell our students that
success in the real world for
engineers is driven by a com-
bination of technical as well
as communication, leadership
and interpersonal skills.
This scholarship proves the
students understand that and
it encourages them to develop
those ‘other’ skills in and
out of the classroom,”
Hanneman said. t
Students in the College of Engineering organize two of the largest indoor career fairs in the country. Funds generated fromthese fairs helped establish a scholarship endowment for engineering students.
L to R: Ryan Haase, Johannah(Johnni) Tripp-Rieks and
Andrew Riha were among the winners of this year’s
Engineers’ Week scholarships.
Success in the realworld for engineers
is driven by a combination of
technical as well as communication,
leadership and interpersonal skills.
This scholarshipproves the students
understand that andit encourages them todevelop those “other”
skills in and out ofthe classroom.
76
Students helping students throughscholarships and
job recruitment. Theseunique concepts thriveat Iowa State’s Collegeof Engineering throughtwo of the largestindoor collegiate fairsin the country. Now, anew student-initiatedendowment seeks tobuild a solid scholar-ship foundation forfuture student leaders.
Both career fairs—the Engineers’
Week Career Fair in September
and the Engineering Career
Expo in February—are organ-
ized and run by student com-
mittees, and would be judged
hugely successful for their
recruitment alone. But, Iowa
State’s engineering students
haven’t stopped there. They’ve
channeled profits from the fairs
into student scholarships.
In the past three years, the
fairs have generated more
than $300,000 for expendable
scholarships for College of
Engineering students. Recently,
the students took the next step
to make sure the profits benefit
students well into the future.
Using surplus funds from
fees paid by the nearly 300
companies who attend, student
organizers established a
$100,000 endowment to gener-
ate continuing scholarship
funds. The endowment benefits
engineering student leaders
of recognized activities at
Iowa State.
Chris Johnson, a senior in
mechanical engineering and
chair of last spring’s Career
Expo, is enthusiastic. “The
fairs generate
money, and
all of it
goes directly back into student
scholarships. This year we
decided to do something a little
different that will hopefully
grow and help students for
years to come.”
Johannah (Johnni) Tripp-
Rieks, Andrew Riha and Ryan
Haase were among the winners
of this year’s Engineers’ Week
scholarships. All three were
delighted to receive the finan-
cial assistance
for their
education.
Student Leaders Fund a Scholarship Endowment
“I was honored when I
learned that I would be receiv-
ing an E-Week Scholarship,”
says Andrew. “In addition
to the money it provides to
pay for tuition, it is an honor
that demonstrates ISU’s and
the College of Engineering’s
commitment to excellence. It
highlights the importance of
academics, leadership, and
extra-curricular activities.”
Ryan agrees receiving the
scholarship is an honor “in
recognition for good work.”
As an out-of-state student, he
says, “the scholarship helps
me attend Iowa State without
worrying about financial
issues.”
Johnni, one of this year’s
career fair co-chairs, says, “I
definitely appreciated receiv-
ing the E-Week Scholarship.
It helped me to keep in per-
spective that any money we
saved would go directly to
scholarships for engineering
students next year. A little
money saved here or there
while planning E-Week’s
events adds up to really help
someone financially.”
Engineering Career Services
Director Larry Hanneman
couldn’t be more pleased.
“We tell our students that
success in the real world for
engineers is driven by a com-
bination of technical as well
as communication, leadership
and interpersonal skills.
This scholarship proves the
students understand that and
it encourages them to develop
those ‘other’ skills in and
out of the classroom,”
Hanneman said. t
Students in the College of Engineering organize two of the largest indoor career fairs in the country. Funds generated fromthese fairs helped establish a scholarship endowment for engineering students.
L to R: Ryan Haase, Johannah(Johnni) Tripp-Rieks and
Andrew Riha were among the winners of this year’s
Engineers’ Week scholarships.
Success in the realworld for engineers
is driven by a combination of
technical as well as communication,
leadership and interpersonal skills.
This scholarshipproves the students
understand that andit encourages them todevelop those “other”
skills in and out ofthe classroom.
Ellen (Molleston) and Tom Walvoordwould like to start
something exciting.The Illinois couplehopes their recent commitment of $1 million to the Collegeof Liberal Arts andSciences department of music and theatrewill inspire others.
The idea is to call attention to an
area that brings vitality to cam-
pus and community yet is often
overlooked by private support.
“Music and theatre tend to be
like athletics in terms of extend-
ed impact on the university,
community and state,” Ellen
says. Yet, music and theatre may
not be the first areas that come
to mind when considering
where to designate a gift.
The Walvoords have been
supporters of Iowa State for
many years and recently decided
that one more gift—to music
and theatre—was an important
one. “I have had an association
with the department since age
six, when I began piano lessons
with Ira Schroeder,” Ellen said.
She was also rehearsal accompa-
nist for Iowa State Singers dur-
ing her college years. “My years
of interactions with Ira and later,
Bob McCowen, who headed
choral music, are among the
highlights of my memories at
Iowa State.”
Ellen believes the apprecia-
tion of music and theatre on
campus runs deeper than just
those who major in the areas.
“For a science and technology
university, participation in
music and theater by non-
majors is outstanding—from
the marching band to Stars
Over Veishea to the classroom.”
For many months prior to
designating a gift, Ellen explored
the department’s needs and qual-
ity level. “I read strategic plans,
accreditation reviews and met
with faculty. The artistic and
operating performance levels are
so high and funding is so low
that the decision became easy
for Tom and me.”
“It seemed to us that a siz-
able gift would say to the Iowa
State world ‘music and theatre
are worthy of significant giv-
ing,’” Ellen said. “You don’t
have to major in music or
theatre—and we didn’t—to
appreciate what they mean to
the campus and region.”
With a $500,000 deferred
gift plus a $500,000 current
gift, the Walvoords hope to
assist the department both
now and in the future. “We
feel comfortable that the
department will be wise in
how it uses the money,” Ellen
says. “They can use it in every
corner of the department.”
Tom and Ellen, 1961 gradu-
ates of Iowa State, are retired
and live both on a small farm
northwest of Chicago and in
downtown Chicago. Tom
was senior vice president of
Northern Trust Company; and
Ellen was senior vice president
at Abbott Laboratories. The
couple has two grown children
and five grandchildren. t
Inspiring Others with a Musical Gift
98
Paul Durbin, the firstrecipient of IowaState’s Martin C.
Jischke Professorship inAerospace Engineering,views himself as ahumble scientist. Truthbe told, this man witha bachelor’s degree inaerospace and mechan-ical sciences fromPrinceton University in Princeton, N.J., and a doctorate in appliedmathematics and theoretical physicsfrom the University of Cambridge inCambridge, England,is much more.
Accolades abound for Durbin,
who was attracted to Iowa State
from Stanford University in
California, because of this new
professorship.
“He’s a world famous
researcher, the world’s best in
the mathematical modeling of
turbulence, and an incredible
hire,” says Tom I-P Shih, the
chair of Iowa State’s department
of aerospace engineering. “His
expertise with managing the
intense heat of gas turbine
engines will contribute to the
development of an Iowa State
program in engineering for
extreme environments.”
Durbin’s research interests
include computational and ana-
lytical modeling of turbulence,
computational fluid dynamics
and work with turbine engines.
Turbines are the most effective
devices for converting wind,
water flow, and thermal energy
to electrical power. Gas tur-
bines, along with wind and
water turbines, are used exten-
sively to produce electricity for
the national grid.
While turbine science and
technology has come a long
way, progress is essential in
order to meet the ongoing need
for reliable and durable aircraft,
to ensure the dependability of
electrical power generation,
and to reduce consumption
of natural resources.
Making possible the hiring
of someone with the stellar
credentials of Paul Durbin
demonstrates private support
at its best. It shows exactly how
important private contributions
are to the excellence of a uni-
versity like Iowa State.
Roger Hanson of Fullerton,
Calif., had a good sense of this
impact when he made the
$500,000 pledge to fund the new
professorship. He received three
of his five college degrees from
Iowa State—bachelor’s degrees
in both mechanical engineering
and electrical engineering in
1954 and a doctorate in theoreti-
cal and applied mechanics in
1958—and he “just wanted to
give something back.”
It is this giving back that is
so critical to the future of the
university, says ISU President
Gregory Geoffroy. “Every gift
we receive from our alumni
and friends has a significant
impact on the success and
academic excellence of this
university. Supporting our fac-
ulty is a top priority that will
enable us to recruit and retain
the best professors.”
Martin Jischke, for whom
the professorship is named,
was president of Iowa State
University from 1991 to 2000
and is now president of Purdue
University in West Lafayette,
Ind. He was the first engineer
to serve as ISU president. t
Private Support Creates an “Incredible” Professorship
Professor Paul Durbin receives hismedallion from Dean Mark Kushner.
The ISU Symphony Orchestra performs in front of many audiences.
The Iowa State Singers entertain hundreds of people each year.
L to R: Martin Jischke, Paul Durbin, Roger Hanson and President GregoryGeoffroy at the Jischke Professorship in Aerospace Engineering ceremony.
Ellen (Molleston) and Tom Walvoordwould like to start
something exciting.The Illinois couplehopes their recent commitment of $1 million to the Collegeof Liberal Arts andSciences department of music and theatrewill inspire others.
The idea is to call attention to an
area that brings vitality to cam-
pus and community yet is often
overlooked by private support.
“Music and theatre tend to be
like athletics in terms of extend-
ed impact on the university,
community and state,” Ellen
says. Yet, music and theatre may
not be the first areas that come
to mind when considering
where to designate a gift.
The Walvoords have been
supporters of Iowa State for
many years and recently decided
that one more gift—to music
and theatre—was an important
one. “I have had an association
with the department since age
six, when I began piano lessons
with Ira Schroeder,” Ellen said.
She was also rehearsal accompa-
nist for Iowa State Singers dur-
ing her college years. “My years
of interactions with Ira and later,
Bob McCowen, who headed
choral music, are among the
highlights of my memories at
Iowa State.”
Ellen believes the apprecia-
tion of music and theatre on
campus runs deeper than just
those who major in the areas.
“For a science and technology
university, participation in
music and theater by non-
majors is outstanding—from
the marching band to Stars
Over Veishea to the classroom.”
For many months prior to
designating a gift, Ellen explored
the department’s needs and qual-
ity level. “I read strategic plans,
accreditation reviews and met
with faculty. The artistic and
operating performance levels are
so high and funding is so low
that the decision became easy
for Tom and me.”
“It seemed to us that a siz-
able gift would say to the Iowa
State world ‘music and theatre
are worthy of significant giv-
ing,’” Ellen said. “You don’t
have to major in music or
theatre—and we didn’t—to
appreciate what they mean to
the campus and region.”
With a $500,000 deferred
gift plus a $500,000 current
gift, the Walvoords hope to
assist the department both
now and in the future. “We
feel comfortable that the
department will be wise in
how it uses the money,” Ellen
says. “They can use it in every
corner of the department.”
Tom and Ellen, 1961 gradu-
ates of Iowa State, are retired
and live both on a small farm
northwest of Chicago and in
downtown Chicago. Tom
was senior vice president of
Northern Trust Company; and
Ellen was senior vice president
at Abbott Laboratories. The
couple has two grown children
and five grandchildren. t
Inspiring Others with a Musical Gift
98
Paul Durbin, the firstrecipient of IowaState’s Martin C.
Jischke Professorship inAerospace Engineering,views himself as ahumble scientist. Truthbe told, this man witha bachelor’s degree inaerospace and mechan-ical sciences fromPrinceton University in Princeton, N.J., and a doctorate in appliedmathematics and theoretical physicsfrom the University of Cambridge inCambridge, England,is much more.
Accolades abound for Durbin,
who was attracted to Iowa State
from Stanford University in
California, because of this new
professorship.
“He’s a world famous
researcher, the world’s best in
the mathematical modeling of
turbulence, and an incredible
hire,” says Tom I-P Shih, the
chair of Iowa State’s department
of aerospace engineering. “His
expertise with managing the
intense heat of gas turbine
engines will contribute to the
development of an Iowa State
program in engineering for
extreme environments.”
Durbin’s research interests
include computational and ana-
lytical modeling of turbulence,
computational fluid dynamics
and work with turbine engines.
Turbines are the most effective
devices for converting wind,
water flow, and thermal energy
to electrical power. Gas tur-
bines, along with wind and
water turbines, are used exten-
sively to produce electricity for
the national grid.
While turbine science and
technology has come a long
way, progress is essential in
order to meet the ongoing need
for reliable and durable aircraft,
to ensure the dependability of
electrical power generation,
and to reduce consumption
of natural resources.
Making possible the hiring
of someone with the stellar
credentials of Paul Durbin
demonstrates private support
at its best. It shows exactly how
important private contributions
are to the excellence of a uni-
versity like Iowa State.
Roger Hanson of Fullerton,
Calif., had a good sense of this
impact when he made the
$500,000 pledge to fund the new
professorship. He received three
of his five college degrees from
Iowa State—bachelor’s degrees
in both mechanical engineering
and electrical engineering in
1954 and a doctorate in theoreti-
cal and applied mechanics in
1958—and he “just wanted to
give something back.”
It is this giving back that is
so critical to the future of the
university, says ISU President
Gregory Geoffroy. “Every gift
we receive from our alumni
and friends has a significant
impact on the success and
academic excellence of this
university. Supporting our fac-
ulty is a top priority that will
enable us to recruit and retain
the best professors.”
Martin Jischke, for whom
the professorship is named,
was president of Iowa State
University from 1991 to 2000
and is now president of Purdue
University in West Lafayette,
Ind. He was the first engineer
to serve as ISU president. t
Private Support Creates an “Incredible” Professorship
Professor Paul Durbin receives hismedallion from Dean Mark Kushner.
The ISU Symphony Orchestra performs in front of many audiences.
The Iowa State Singers entertain hundreds of people each year.
L to R: Martin Jischke, Paul Durbin, Roger Hanson and President GregoryGeoffroy at the Jischke Professorship in Aerospace Engineering ceremony.
Fellowship Gift Brings Visiting Faculty to Iowa State
1110
Who knows? Maybesome of the stu-dents will become
university presidents.”Paul McQuilkin isspeaking about thepossible impact of theMcQuilkin FacultyFellowship in theCollege of HumanSciences EducationalLeadership and PolicyStudies (ELPS) Program.
Paul and his wife Jackie, from
Winter Park, Fla., have put a
great deal of thought into how
their gift can best be used to
assist students through finan-
cial support for faculty and
graduate assistantships. They
strongly believe the best educa-
tion comes from exposure to
outstanding faculty from
around the world.
ELPS was a natural fit. The
department offers the graduate
degrees of master of science,
master of education, and doctor
of philosophy, with a major in
education and a minor for stu-
dents who are completing major
work in other departments.
“Our idea was to establish a
fellowship where outstanding
faculty could be brought in for
a period of one semester to a
year,” says Paul.
Both Paul and Jackie come
from families where education
was extremely important.
Paul recalls, “in my family
all of the children in my gener-
ation went to college. Most of
us worked our way through
with little support.”
That’s why, when deciding
where to put the emphasis
of their gift, the McQuilkins
looked to those students
who do not have the funds
to travel either nationally or
internationally. Their faculty
fellowship gift is intended to
attract distinguished U.S. and
international faculty to work
with these students for an
extended period of time.
A retired college administra-
tor and teacher, Paul received
his Ph.D. in education from
Iowa State in 1969. He says his
greatest interest is “to attract
good students going into high-
er education who will become
long-term professionals, going
on to become outstanding
teachers as well as high level
administrators.”
And yes, maybe some will
even go on to become presi-
dents of universities. t
“
Staying Connected through Her Gifts
When Nancy Polstergraduated fromIowa State in
1960 witha degree inapplied art,she had noidea thatonly five
years later she wouldreturn to her almamater to begin a careerspanning 35 years.Now in retirement, andreflecting on her yearsas a professor andadministrator in theCollege of Design,Nancy is determined to stay connected.
“My entire career was at Iowa
State,” she says, “and I loved
working with the students. I
never married and don’t have
an immediate family, so I
always felt like the art and
design department was my
family. They kept me young.”
Nancy is a longtime supporter
of Iowa State. The designation of
her estate gifts totaling $835,000
have reflected the needs of the
students and faculty in the
College of Design. Especially
known for her support of faculty
advancement and her dedication
to minority students, she has
established gifts that reach all
corners of the college. Nancy
also contributes annually so she
can witness the impact of these
funds during her lifetime.
Nancy’s most recent contri-
bution is a $200,000 deferred
gift to help fund the Marjorie S.
Garfield Scholarship. Not coin-
cidentally, during her tenure as
department chair in the college,
Nancy helped establish this
scholarship with a $100,000
gift from another donor in
1997. “I wanted to make sure
this fund had enough money
to make a significant impact
because I know firsthand the
kind of financial support that
many students need,” she said.
This scholarship honors a
woman who had a tremendous
influence on Nancy’s life and
the lives of many students.
Marjorie Garfield was head of
the ISU department of applied
art in the College of Home
Economics from 1948 to 1969.
She was the person responsible
for recruiting Nancy to return
to Iowa State as a professor. “I
feel very strongly that Marjorie
Garfield should have recogni-
tion so her name is kept alive
at Iowa State,” says Nancy.
When realized, the scholar-
ship will be awarded each
year to an entering high school
student, for a total of up to
four $3,000 scholarships per
year. “Financial support for our
students is a vital necessity,”
said Dean Mark Engelbrecht.
“Gifts like these have such a
positive impact on the lives
of so many students, and
we’re particularly gratified to
receive support from cherished
colleagues like Nancy.” Last
year alone, the College of
Design awarded $90,000 in
scholarships to more than
130 students. t
Nancy Polster spent 35 years as a professor and administrator in the College of Design.
Laura Rendon, professor and department chair of the Educational Leadershipand Policy Studies Program addresses some of her students.
Two ELPS doctoral students work on a project.
Nancy Polster
Fellowship Gift Brings Visiting Faculty to Iowa State
1110
Who knows? Maybesome of the stu-dents will become
university presidents.”Paul McQuilkin isspeaking about thepossible impact of theMcQuilkin FacultyFellowship in theCollege of HumanSciences EducationalLeadership and PolicyStudies (ELPS) Program.
Paul and his wife Jackie, from
Winter Park, Fla., have put a
great deal of thought into how
their gift can best be used to
assist students through finan-
cial support for faculty and
graduate assistantships. They
strongly believe the best educa-
tion comes from exposure to
outstanding faculty from
around the world.
ELPS was a natural fit. The
department offers the graduate
degrees of master of science,
master of education, and doctor
of philosophy, with a major in
education and a minor for stu-
dents who are completing major
work in other departments.
“Our idea was to establish a
fellowship where outstanding
faculty could be brought in for
a period of one semester to a
year,” says Paul.
Both Paul and Jackie come
from families where education
was extremely important.
Paul recalls, “in my family
all of the children in my gener-
ation went to college. Most of
us worked our way through
with little support.”
That’s why, when deciding
where to put the emphasis
of their gift, the McQuilkins
looked to those students
who do not have the funds
to travel either nationally or
internationally. Their faculty
fellowship gift is intended to
attract distinguished U.S. and
international faculty to work
with these students for an
extended period of time.
A retired college administra-
tor and teacher, Paul received
his Ph.D. in education from
Iowa State in 1969. He says his
greatest interest is “to attract
good students going into high-
er education who will become
long-term professionals, going
on to become outstanding
teachers as well as high level
administrators.”
And yes, maybe some will
even go on to become presi-
dents of universities. t
“
Staying Connected through Her Gifts
When Nancy Polstergraduated fromIowa State in
1960 witha degree inapplied art,she had noidea thatonly five
years later she wouldreturn to her almamater to begin a careerspanning 35 years.Now in retirement, andreflecting on her yearsas a professor andadministrator in theCollege of Design,Nancy is determined to stay connected.
“My entire career was at Iowa
State,” she says, “and I loved
working with the students. I
never married and don’t have
an immediate family, so I
always felt like the art and
design department was my
family. They kept me young.”
Nancy is a longtime supporter
of Iowa State. The designation of
her estate gifts totaling $835,000
have reflected the needs of the
students and faculty in the
College of Design. Especially
known for her support of faculty
advancement and her dedication
to minority students, she has
established gifts that reach all
corners of the college. Nancy
also contributes annually so she
can witness the impact of these
funds during her lifetime.
Nancy’s most recent contri-
bution is a $200,000 deferred
gift to help fund the Marjorie S.
Garfield Scholarship. Not coin-
cidentally, during her tenure as
department chair in the college,
Nancy helped establish this
scholarship with a $100,000
gift from another donor in
1997. “I wanted to make sure
this fund had enough money
to make a significant impact
because I know firsthand the
kind of financial support that
many students need,” she said.
This scholarship honors a
woman who had a tremendous
influence on Nancy’s life and
the lives of many students.
Marjorie Garfield was head of
the ISU department of applied
art in the College of Home
Economics from 1948 to 1969.
She was the person responsible
for recruiting Nancy to return
to Iowa State as a professor. “I
feel very strongly that Marjorie
Garfield should have recogni-
tion so her name is kept alive
at Iowa State,” says Nancy.
When realized, the scholar-
ship will be awarded each
year to an entering high school
student, for a total of up to
four $3,000 scholarships per
year. “Financial support for our
students is a vital necessity,”
said Dean Mark Engelbrecht.
“Gifts like these have such a
positive impact on the lives
of so many students, and
we’re particularly gratified to
receive support from cherished
colleagues like Nancy.” Last
year alone, the College of
Design awarded $90,000 in
scholarships to more than
130 students. t
Nancy Polster spent 35 years as a professor and administrator in the College of Design.
Laura Rendon, professor and department chair of the Educational Leadershipand Policy Studies Program addresses some of her students.
Two ELPS doctoral students work on a project.
Nancy Polster
It will provide a convenient
and pleasant arrival point for
alumni when they return to
campus, as well as a gathering
place for individuals and
groups to enjoy the alumni
association’s hospitality and
services.
“The role of the ISU Alumni
Association is to become a
lifetime partner in engaging
all alumni, students and
friends,” says Jeff Johnson,
ISU Alumni Association presi-
dent. “This facility will aid the
association in these efforts and
also allow the association to
visibly showcase the excellence
of Iowa State.”
“Today there is no single
place for alumni to fully relax
and feel comfortable,” Jeff said.
“Many of them have traveled
long distances, and just to have
a central location to park and
meet up with friends before
journeying on campus is critical
to making them feel at home.”
The new center is also a
perfect location for displaying
the history of the university.
“The ISU Alumni Association
serves as the university’s keeper
of traditions,” says Jeff. “This
great new center will also
become a beacon to others wish-
ing to connect with Iowa State.”
The new center is being
funded completely through
private support. Fund-raising
efforts continue to complete
the building endowment por-
tion of the project that will
support maintenance and
upkeep of the facility. t
13
Time never blots outof one’s life the rec-ollections of one’s
college days,” saidEdgar Stanton, firstpresident of the ISUAlumni Association, in1878. It is these fondrecollections that causealumni to want tocome “home.”
Now, after three decades of
working and planning, the
dream of a home for ISU
alumni has finally come true.
The new Iowa State University
Alumni Center is soon to be
a reality.
On October 22, ground was
broken for the Alumni Center
at the intersection of Beach
Avenue and Country Club
Boulevard in Ames, north of
the beautiful Reiman Gardens.
Scheduled for completion by
late 2007, this facility will
house all of the association’s
staff and programs.
The 32,400-square-foot build-
ing will include a visitors’ lounge
and library, offices for staff, large
and small meeting rooms for
events and a multipurpose office
and activity space for the Student
Alumni Leadership Council.
“Come on Home” to the New Alumni Center
12
An architect’s rendering of the new Iowa State University Alumni Center fromthe southeast (top photo); east (middle photo); and west (bottom photo).
“
L to R: Kathy Geoffroy, Roy Reiman, Bobbi Reiman and President Gregory Geoffroy stand in front of the ceremonial doorof the future Alumni Center. The Reiman’s generous private support made this project possible.
(top) The Iowa State Marching Band performed at the pep rallyprior to the groundbreaking event.(bottom) A large crowd assembledfor the official groundbreaking ceremony.
It will provide a convenient
and pleasant arrival point for
alumni when they return to
campus, as well as a gathering
place for individuals and
groups to enjoy the alumni
association’s hospitality and
services.
“The role of the ISU Alumni
Association is to become a
lifetime partner in engaging
all alumni, students and
friends,” says Jeff Johnson,
ISU Alumni Association presi-
dent. “This facility will aid the
association in these efforts and
also allow the association to
visibly showcase the excellence
of Iowa State.”
“Today there is no single
place for alumni to fully relax
and feel comfortable,” Jeff said.
“Many of them have traveled
long distances, and just to have
a central location to park and
meet up with friends before
journeying on campus is critical
to making them feel at home.”
The new center is also a
perfect location for displaying
the history of the university.
“The ISU Alumni Association
serves as the university’s keeper
of traditions,” says Jeff. “This
great new center will also
become a beacon to others wish-
ing to connect with Iowa State.”
The new center is being
funded completely through
private support. Fund-raising
efforts continue to complete
the building endowment por-
tion of the project that will
support maintenance and
upkeep of the facility. t
13
Time never blots outof one’s life the rec-ollections of one’s
college days,” saidEdgar Stanton, firstpresident of the ISUAlumni Association, in1878. It is these fondrecollections that causealumni to want tocome “home.”
Now, after three decades of
working and planning, the
dream of a home for ISU
alumni has finally come true.
The new Iowa State University
Alumni Center is soon to be
a reality.
On October 22, ground was
broken for the Alumni Center
at the intersection of Beach
Avenue and Country Club
Boulevard in Ames, north of
the beautiful Reiman Gardens.
Scheduled for completion by
late 2007, this facility will
house all of the association’s
staff and programs.
The 32,400-square-foot build-
ing will include a visitors’ lounge
and library, offices for staff, large
and small meeting rooms for
events and a multipurpose office
and activity space for the Student
Alumni Leadership Council.
“Come on Home” to the New Alumni Center
12
An architect’s rendering of the new Iowa State University Alumni Center fromthe southeast (top photo); east (middle photo); and west (bottom photo).
“
L to R: Kathy Geoffroy, Roy Reiman, Bobbi Reiman and President Gregory Geoffroy stand in front of the ceremonial doorof the future Alumni Center. The Reiman’s generous private support made this project possible.
(top) The Iowa State Marching Band performed at the pep rallyprior to the groundbreaking event.(bottom) A large crowd assembledfor the official groundbreaking ceremony.
You have wonderfulintentions. Yourmemories of Iowa
State University havestayed with youthrough the years, and you’d like to giveback, either today,tomorrow or at sometime after your death.
Good gift planning requires
good information. Rising prop-
erty values, growth of invest-
ments, various types of life
insurance as well as changing
tax laws requires planning for
the future. Without a good plan,
an unnecessary amount of your
assets may go to state and feder-
al governments in taxes, or to
individuals other than those
loved ones you prefer to benefit.
That is why the Iowa State
University Foundation has
launched a new gift planning
Web site offering up-to-date
information with quick and
easy access. There you’ll find
helpful estate planning infor-
mation to assist you in creating
the plan that is right for you.
Or, perhaps you’ll find informa-
tion there you’d like to know
more about by talking to us.
There are two ways to
access this new site. Visit www.
foundation.iastate.edu and
click on “estate planning guide”
or go to www.foundation.
iastate.edu/giftplanning.
Create Your Gift Plan Online
Learn about the benefits
of giving to a charity and
receiving full income tax
savings from your gifts. Or,
learn about how a gift to
support Iowa State can lead to
greater income for yourself and
your family, a tax deduction
and a lasting legacy.
“This is a wonderful new way
to gather information before talk-
ing with us,” says Pat Moline,
ISU Foundation executive direc-
tor of gift planning. “There are
lots of ways to make smart
choices through this venue, and
we all want to be intelligent
about our charitable giving.”
For more information about
this unique online guide; to
subscribe to our e-newsletter;
or to talk with a gift planning
specialist, contact the Iowa
State University Foundation
gift planning office at
800-621-8515 or giftplanning
@foundation.iastate.edu.
giftplanning@foundation
.iastate.edu t
1514
New Tax LawEncourages CharitableGiving in 2005
On September 23, President
Bush signed the Katrina
Emergency Tax Relief Act
(KETRA) of 2005 to help victims
of Hurricane Katrina directly
and to spark charitable giving
in general. The KETRA law
suspended the ordinary annual
deduction limits for individual
taxpayers making cash gifts
from August 28, 2005 and
through December 31, 2005.
This can be an opportunity for
some donors who want to
make gifts in excess of the
usual ceiling on the charitable
deduction.
If you are over 59 1/2 years
of age, this change in the law
may also make it attractive for
you to withdraw funds from
your IRA or similar retirement
plan in order to make a charita-
ble gift—and deduct the entire
amount this year.
Consult your tax advisors
to learn more about the tempo-
rary advantages the law has
provided, or call the ISU
Foundation’s office of gift
planning at 800-621-8515. See
our Web site or sign up for
our weekly e-newsletter for
additional information.
Tools you will find on the new gift plannning Web
site at www.foundation.iastate.edu/giftplanning:
• Estate Planning Resources Create your own
gift-giving plan with sample bequest language
and ready-to-use forms.
• Donor Stories Read donor stories and learn
how the plan described could work for you.
You’ll also find audio and text illustrations, as
well as brochures that you can print yourself.
• E-Newsletter Once you subscribe, you’ll receive
a weekly copy. One version is for donors and a
slightly more technical version is for advisors. It
features everything from what’s going on in Wash-
ington to answers for frequently asked questions.
• Create Your Plan gives presentations highlighting
income and tax benefits.
• Question of the Day allows you to ask questions
or read answers to questions from others.
• Gift Law Calculator has options for you to
calculate the tax impact of many types of gifts.
• Savvy Senior offers the latest information to
make savvy decisions about Medicare, prescrip-
tion drugs, Social Security and your retirement
accounts.
• For Advisors has gift law information, tax
calculations, a Washington hotline and actual
case histories.
• Free Estate Planning Course makes online
sign-up easy.
• Reading Room gives stories and ideas to
jump-start your creativity.
Gift Planning Web Site
Good gift planningrequires good infor-mation. Rising prop-erty values, growth
of investments, various types of lifeinsurance as well aschanging tax lawsrequires planning
for the future.
You have wonderfulintentions. Yourmemories of Iowa
State University havestayed with youthrough the years, and you’d like to giveback, either today,tomorrow or at sometime after your death.
Good gift planning requires
good information. Rising prop-
erty values, growth of invest-
ments, various types of life
insurance as well as changing
tax laws requires planning for
the future. Without a good plan,
an unnecessary amount of your
assets may go to state and feder-
al governments in taxes, or to
individuals other than those
loved ones you prefer to benefit.
That is why the Iowa State
University Foundation has
launched a new gift planning
Web site offering up-to-date
information with quick and
easy access. There you’ll find
helpful estate planning infor-
mation to assist you in creating
the plan that is right for you.
Or, perhaps you’ll find informa-
tion there you’d like to know
more about by talking to us.
There are two ways to
access this new site. Visit www.
foundation.iastate.edu and
click on “estate planning guide”
or go to www.foundation.
iastate.edu/giftplanning.
Create Your Gift Plan Online
Learn about the benefits
of giving to a charity and
receiving full income tax
savings from your gifts. Or,
learn about how a gift to
support Iowa State can lead to
greater income for yourself and
your family, a tax deduction
and a lasting legacy.
“This is a wonderful new way
to gather information before talk-
ing with us,” says Pat Moline,
ISU Foundation executive direc-
tor of gift planning. “There are
lots of ways to make smart
choices through this venue, and
we all want to be intelligent
about our charitable giving.”
For more information about
this unique online guide; to
subscribe to our e-newsletter;
or to talk with a gift planning
specialist, contact the Iowa
State University Foundation
gift planning office at
800-621-8515 or giftplanning
@foundation.iastate.edu.
giftplanning@foundation
.iastate.edu t
1514
New Tax LawEncourages CharitableGiving in 2005
On September 23, President
Bush signed the Katrina
Emergency Tax Relief Act
(KETRA) of 2005 to help victims
of Hurricane Katrina directly
and to spark charitable giving
in general. The KETRA law
suspended the ordinary annual
deduction limits for individual
taxpayers making cash gifts
from August 28, 2005 and
through December 31, 2005.
This can be an opportunity for
some donors who want to
make gifts in excess of the
usual ceiling on the charitable
deduction.
If you are over 59 1/2 years
of age, this change in the law
may also make it attractive for
you to withdraw funds from
your IRA or similar retirement
plan in order to make a charita-
ble gift—and deduct the entire
amount this year.
Consult your tax advisors
to learn more about the tempo-
rary advantages the law has
provided, or call the ISU
Foundation’s office of gift
planning at 800-621-8515. See
our Web site or sign up for
our weekly e-newsletter for
additional information.
Tools you will find on the new gift plannning Web
site at www.foundation.iastate.edu/giftplanning:
• Estate Planning Resources Create your own
gift-giving plan with sample bequest language
and ready-to-use forms.
• Donor Stories Read donor stories and learn
how the plan described could work for you.
You’ll also find audio and text illustrations, as
well as brochures that you can print yourself.
• E-Newsletter Once you subscribe, you’ll receive
a weekly copy. One version is for donors and a
slightly more technical version is for advisors. It
features everything from what’s going on in Wash-
ington to answers for frequently asked questions.
• Create Your Plan gives presentations highlighting
income and tax benefits.
• Question of the Day allows you to ask questions
or read answers to questions from others.
• Gift Law Calculator has options for you to
calculate the tax impact of many types of gifts.
• Savvy Senior offers the latest information to
make savvy decisions about Medicare, prescrip-
tion drugs, Social Security and your retirement
accounts.
• For Advisors has gift law information, tax
calculations, a Washington hotline and actual
case histories.
• Free Estate Planning Course makes online
sign-up easy.
• Reading Room gives stories and ideas to
jump-start your creativity.
Gift Planning Web Site
Good gift planningrequires good infor-mation. Rising prop-erty values, growth
of investments, various types of lifeinsurance as well aschanging tax lawsrequires planning
for the future.
The Order of theKnoll is Iowa StateUniversity’s most
prestigious donororganization. Eachyear the Order of theKnoll pays tribute toindividuals and corpo-rations whose generouscontributions havemoved the universitysignificantly forward.Award winners are giventhe highest honor adonor can receive fromthe ISU Foundation.
Five awards were announced
on October 7 at the Order of
the Knoll annual fall event.
Award winners will be officially
recognized next spring at
the Distinguished Awards
Ceremony, which honors award
recipients nominated through
the ISU Foundation and ISU
Alumni Association.
The 2004 Order of the Knoll
award winners include:
Gerald A. and Karen A.Kolschowsky of Oak Brook, Ill.,
received the Campanile Award
which recognizes individuals
who demonstrate loyalty and
commitment to ISU and its
future by making a leadership
level gift and providing signifi-
cant service to the university.
Jack Cosgrove of Cedar Rapids,
Iowa, was given the Cardinal and
Gold Award. The award honors
individuals who provide compre-
hensive long-term service to ISU
and the foundation by demon-
strating creative leadership that
made a substantial impact and
devoting time and energy to ISU
and other communities.
Monsanto Company received
the Corporate and Foundation
Award that recognizes outstand-
ing generosity to ISU through
leadership level financial com-
mitments. World headquarters
for the Monsanto Company is
located in St. Louis, Mo.
Kent Lucken of Newton, Mass.,
received the Young Alumnus of
the Year Award as an outstand-
ing ISU volunteer and support-
er while providing leadership
and service in his community
and around the world.
James and Katherine Melsa of
Naperville, Ill., received the
Faculty/Staff Award. As aca-
demic and civic leaders, they
left an indelible mark on
Iowa State, the College of
Engineering and on the many
students, faculty and other
individuals with whom they
came in contact. t
Order of the Knoll Award Winners
16
L to R: Katherine and James Melsa, Dilla and Jack Cosgrove, Rowena and Ted Crosbie (representing Monsanto Company);Gerald A. and Karen A. Kolschowsky; and Kent Lucken.
ANNUALREPORTA Y E A R O F R E C O R D G R O W T H
SIMPLY PUT, FISCAL YEAR 2005 WAS A GREAT SUCCESS—THANKS TO
A RECORD NUMBER OF DONORS WHO CONTRIBUTED MORE THAN
$83 MILLION TO SUPPORT IOWA STATE UNIVERSITY. THE IMPACT OF
THESE GIFTS WILL BE FELT THROUGHOUT THE CAMPUS BY FACULTY,
STUDENTS, STAFF AND VISITORS.
IT’S THE ROLE OF THE IOWA STATE UNIVERSITY FOUNDATION TO BRING THE INTERESTS
OF DONORS AND THE PRIORITIES OF THE UNIVERSITY TOGETHER FOR MEANINGFUL
ENGAGEMENTS. IT’S ALSO OUR RESPONSIBILITY TO MANAGE PRIVATE GIFTS IN ACCOR-
DANCE WITH THE WISHES OF DONORS.
YOUR SUPPORT MAKES A VALUABLE IMPACT AND A WORLD OF DIFFERENCE FOR SO
MANY. FOLLOWING ARE SOME HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT HELP
TELL THE INCREDIBLE STORY OF PHILANTHROPY AT IOWA STATE.
DANIEL P. SAFTIG
PRESIDENT
IOWA STATE UNIVERSITY FOUNDATION
JULY 1, 2004 TO JUNE 30, 2005
H I G H L I G H T S
NUMBER OF DONORS: 55,279NEW GIFTS AND COMMITMENTS: $83,234,152NEW ENDOWED CHAIRS, PROFESSORSHIPS AND FACULTY FELLOWSHIPS CREATED: 10NEW SCHOLARSHIPS AND FELLOWSHIPS CREATED: 92DOLLARS TRANSFERRED TO IOWA STATE: $33,503,016ENDOWMENT RETURN: 8.6%ENDOWMENT TOTAL: $333,172,566COST TO RAISE ONE DOLLAR (3-YEAR AVERAGE): 11 CENTS
17
The Order of theKnoll is Iowa StateUniversity’s most
prestigious donororganization. Eachyear the Order of theKnoll pays tribute toindividuals and corpo-rations whose generouscontributions havemoved the universitysignificantly forward.Award winners are giventhe highest honor adonor can receive fromthe ISU Foundation.
Five awards were announced
on October 7 at the Order of
the Knoll annual fall event.
Award winners will be officially
recognized next spring at
the Distinguished Awards
Ceremony, which honors award
recipients nominated through
the ISU Foundation and ISU
Alumni Association.
The 2004 Order of the Knoll
award winners include:
Gerald A. and Karen A.Kolschowsky of Oak Brook, Ill.,
received the Campanile Award
which recognizes individuals
who demonstrate loyalty and
commitment to ISU and its
future by making a leadership
level gift and providing signifi-
cant service to the university.
Jack Cosgrove of Cedar Rapids,
Iowa, was given the Cardinal and
Gold Award. The award honors
individuals who provide compre-
hensive long-term service to ISU
and the foundation by demon-
strating creative leadership that
made a substantial impact and
devoting time and energy to ISU
and other communities.
Monsanto Company received
the Corporate and Foundation
Award that recognizes outstand-
ing generosity to ISU through
leadership level financial com-
mitments. World headquarters
for the Monsanto Company is
located in St. Louis, Mo.
Kent Lucken of Newton, Mass.,
received the Young Alumnus of
the Year Award as an outstand-
ing ISU volunteer and support-
er while providing leadership
and service in his community
and around the world.
James and Katherine Melsa of
Naperville, Ill., received the
Faculty/Staff Award. As aca-
demic and civic leaders, they
left an indelible mark on
Iowa State, the College of
Engineering and on the many
students, faculty and other
individuals with whom they
came in contact. t
Order of the Knoll Award Winners
16
L to R: Katherine and James Melsa, Dilla and Jack Cosgrove, Rowena and Ted Crosbie (representing Monsanto Company);Gerald A. and Karen A. Kolschowsky; and Kent Lucken.
ANNUALREPORTA Y E A R O F R E C O R D G R O W T H
SIMPLY PUT, FISCAL YEAR 2005 WAS A GREAT SUCCESS—THANKS TO
A RECORD NUMBER OF DONORS WHO CONTRIBUTED MORE THAN
$83 MILLION TO SUPPORT IOWA STATE UNIVERSITY. THE IMPACT OF
THESE GIFTS WILL BE FELT THROUGHOUT THE CAMPUS BY FACULTY,
STUDENTS, STAFF AND VISITORS.
IT’S THE ROLE OF THE IOWA STATE UNIVERSITY FOUNDATION TO BRING THE INTERESTS
OF DONORS AND THE PRIORITIES OF THE UNIVERSITY TOGETHER FOR MEANINGFUL
ENGAGEMENTS. IT’S ALSO OUR RESPONSIBILITY TO MANAGE PRIVATE GIFTS IN ACCOR-
DANCE WITH THE WISHES OF DONORS.
YOUR SUPPORT MAKES A VALUABLE IMPACT AND A WORLD OF DIFFERENCE FOR SO
MANY. FOLLOWING ARE SOME HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT HELP
TELL THE INCREDIBLE STORY OF PHILANTHROPY AT IOWA STATE.
DANIEL P. SAFTIG
PRESIDENT
IOWA STATE UNIVERSITY FOUNDATION
JULY 1, 2004 TO JUNE 30, 2005
H I G H L I G H T S
NUMBER OF DONORS: 55,279NEW GIFTS AND COMMITMENTS: $83,234,152NEW ENDOWED CHAIRS, PROFESSORSHIPS AND FACULTY FELLOWSHIPS CREATED: 10NEW SCHOLARSHIPS AND FELLOWSHIPS CREATED: 92DOLLARS TRANSFERRED TO IOWA STATE: $33,503,016ENDOWMENT RETURN: 8.6%ENDOWMENT TOTAL: $333,172,566COST TO RAISE ONE DOLLAR (3-YEAR AVERAGE): 11 CENTS
17
19
ENDOWMENT
The ISU Foundation endowment provides an ongoing source of funding for Iowa State
University. The total endowment amount at the end of fiscal year 2005 was $333,172,566.
SOURCES OF GIFTS
A record number of 55,279 donors made gifts to support Iowa State in fiscal year 2005.
These donors represented four major categories.
DOLLARS TRANSFERRED TO SUPPORT IOWA STATE
More than $33 million was transferred from the ISU Foundation to Iowa State University
to support faculty, students, programs and facilities in fiscal year 2005.
Area of Support Dollars TransferredStudents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,027,545
Direct student assistance including scholarships, loans, awards, salaries and travel.
Faculty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.
Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.
Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,423,210General administrative costs of programs including travel, entertainment and events, advertising and promotion and other expenses.
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind, personal property retained and used by the university (includes equipment, software, works of art, livestock, etc.)
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 33,503,016
SUMMARY FINANCIAL POSITION AS OF JUNE 30, 2005 AND JUNE 30, 2004
2005 2004Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 489,807,457. . . . . . . . . . . . . . . . $ 439,820,087
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,176,922. . . . . . . . . . . . . . . . $ 41,943,195
Net assets*Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,871,789. . . . . . . . . . . . . . . . $ 9,709,970Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . $ 103,586,180. . . . . . . . . . . . . . . . $ 92,911,942Permanently restricted. . . . . . . . . . . . . . . . . . . . . . $ 333,172,566. . . . . . . . . . . . . . . . $ 295,254,980
Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892
*The ISU Foundation’s net assets are categorized as follows:• Unrestricted net assets are not subject to donor-imposed restrictions.• Temporarily restricted net assets have been restricted by the donors for
use for a specific purpose or time period.• Permanently restricted net assets are subject to donor-imposed restrictions
that will be maintained permanently by the ISU Foundation.
FINANCIAL ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2005 AND JUNE 30, 2004
2005 2004Revenues
Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59,079,398. . . . . . . . . . . . . . . . $ 57,630,855Total investment return . . . . . . . . . . . . . . . . . . . . . $ 30,317,842. . . . . . . . . . . . . . . . $ 42,029,724Other earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,806,064. . . . . . . . . . . . . . . . $ 2,796,057
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 93,203,304. . . . . . . . . . . . . . . . $ 102,456,636
ExpendituresUniversity programs*. . . . . . . . . . . . . . . . . . . . . . . . . $ 33,503,016. . . . . . . . . . . . . . . . $ 48,112,695Operating/fundraising. . . . . . . . . . . . . . . . . . . . . . . . $ 6,567,473. . . . . . . . . . . . . . . . $ 6,368,472Operating/administrative. . . . . . . . . . . . . . . . . . . $ 2,834,646. . . . . . . . . . . . . . . . $ 2,729,271Annuity liability adjustment. . . . . . . . . . . . . . . $ <455,474>. . . . . . . . . . . . . . . . $ 380,011
Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,449,661. . . . . . . . . . . . . . . . $ 57,590,449
Change in net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,753,643. . . . . . . . . . . . . . . . $ 44,866,187
Beginning net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
Ending net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892
*University program expenditures are amounts provided by the ISU Foundation forexpenditure by Iowa State University according to donor direction.
ISU Foundation Endowment Return
Sources of Gifts
ISU Foundation Endowment Allocation
1 year (FY05)
10 years
3 years
0 2 4 6 8
9.4%
8.6%
8.3%
A N N U A L R E P O R T
The ISU Foundation’s
financial statements are
audited by the interna-
tional firm of KPMG LLP
in accordance with
auditing standards gen-
erally accepted in the
United States. The foun-
dation’s full financial
statements are available
at www.foundation
.iastate.edu or by request.
18
Private Equity 5%
Bonds 29%
Large Cap Equity 26%Mid Cap Equity 10%
Small Cap Equity 10%
Global Equity 10%
Absolute Return 10%
Alumni 42%
Other Individuals 27%
Foundations 20%
Corporations 11%
19
ENDOWMENT
The ISU Foundation endowment provides an ongoing source of funding for Iowa State
University. The total endowment amount at the end of fiscal year 2005 was $333,172,566.
SOURCES OF GIFTS
A record number of 55,279 donors made gifts to support Iowa State in fiscal year 2005.
These donors represented four major categories.
DOLLARS TRANSFERRED TO SUPPORT IOWA STATE
More than $33 million was transferred from the ISU Foundation to Iowa State University
to support faculty, students, programs and facilities in fiscal year 2005.
Area of Support Dollars TransferredStudents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,027,545
Direct student assistance including scholarships, loans, awards, salaries and travel.
Faculty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.
Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.
Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,423,210General administrative costs of programs including travel, entertainment and events, advertising and promotion and other expenses.
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind, personal property retained and used by the university (includes equipment, software, works of art, livestock, etc.)
TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 33,503,016
SUMMARY FINANCIAL POSITION AS OF JUNE 30, 2005 AND JUNE 30, 2004
2005 2004Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 489,807,457. . . . . . . . . . . . . . . . $ 439,820,087
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,176,922. . . . . . . . . . . . . . . . $ 41,943,195
Net assets*Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,871,789. . . . . . . . . . . . . . . . $ 9,709,970Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . $ 103,586,180. . . . . . . . . . . . . . . . $ 92,911,942Permanently restricted. . . . . . . . . . . . . . . . . . . . . . $ 333,172,566. . . . . . . . . . . . . . . . $ 295,254,980
Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892
*The ISU Foundation’s net assets are categorized as follows:• Unrestricted net assets are not subject to donor-imposed restrictions.• Temporarily restricted net assets have been restricted by the donors for
use for a specific purpose or time period.• Permanently restricted net assets are subject to donor-imposed restrictions
that will be maintained permanently by the ISU Foundation.
FINANCIAL ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2005 AND JUNE 30, 2004
2005 2004Revenues
Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59,079,398. . . . . . . . . . . . . . . . $ 57,630,855Total investment return . . . . . . . . . . . . . . . . . . . . . $ 30,317,842. . . . . . . . . . . . . . . . $ 42,029,724Other earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,806,064. . . . . . . . . . . . . . . . $ 2,796,057
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 93,203,304. . . . . . . . . . . . . . . . $ 102,456,636
ExpendituresUniversity programs*. . . . . . . . . . . . . . . . . . . . . . . . . $ 33,503,016. . . . . . . . . . . . . . . . $ 48,112,695Operating/fundraising. . . . . . . . . . . . . . . . . . . . . . . . $ 6,567,473. . . . . . . . . . . . . . . . $ 6,368,472Operating/administrative. . . . . . . . . . . . . . . . . . . $ 2,834,646. . . . . . . . . . . . . . . . $ 2,729,271Annuity liability adjustment. . . . . . . . . . . . . . . $ <455,474>. . . . . . . . . . . . . . . . $ 380,011
Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,449,661. . . . . . . . . . . . . . . . $ 57,590,449
Change in net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,753,643. . . . . . . . . . . . . . . . $ 44,866,187
Beginning net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
Ending net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892
*University program expenditures are amounts provided by the ISU Foundation forexpenditure by Iowa State University according to donor direction.
ISU Foundation Endowment Return
Sources of Gifts
ISU Foundation Endowment Allocation
1 year (FY05)
10 years
3 years
0 2 4 6 8
9.4%
8.6%
8.3%
A N N U A L R E P O R T
The ISU Foundation’s
financial statements are
audited by the interna-
tional firm of KPMG LLP
in accordance with
auditing standards gen-
erally accepted in the
United States. The foun-
dation’s full financial
statements are available
at www.foundation
.iastate.edu or by request.
18
Private Equity 5%
Bonds 29%
Large Cap Equity 26%Mid Cap Equity 10%
Small Cap Equity 10%
Global Equity 10%
Absolute Return 10%
Alumni 42%
Other Individuals 27%
Foundations 20%
Corporations 11%
2120
College of Agriculture4,084 donors$17,858,376 secured
• Received a $10 million gift to support the Sustainable RuralLivelihoods program that helpsdeveloping nations address ruralhunger and poverty.
• More than $2.5 million helpedcreate new undergraduatescholarships and graduate fellowship opportunitieslast year.
College of Business1,908 donors$4,465,034 secured
• The Max S. Wortman, Jr.Endowed Professorship wasestablished to honor this distin-guished Iowa State professor of management and College ofEngineering graduate who diedunexpectedly earlier this year.
• Ten named faculty positionswere created in the College of Business bringing the totalnumber of chairs, professor-ships and fellowships to 22.
College of Design1,126 donors$684,065 secured
• $100,000 was received from thePaul M. Heffernan estate tobenefit the department of archi-tecture’s study abroad programthrough student scholarships.
• $200,000 will benefit the department of art and designthrough the estate of NancyPolster. These funds will beused for student scholarshipsupport.
College of Education*1,012 donors$1,391,487 secured
• The McQuilkin FacultyFellowship was established inthe Educational Leadership andPolicy Studies Program. Thisfellowship will attract distin-guished faculty to Iowa State to work with students for anextended period of time.
• The Dr. Judy K. Nissen EndowedScholarship was established to create opportunities for graduate students in theEducational Leadership andPolicy Studies Program.
College of Engineering4,647 donors$15,698,157 secured
• A $1.5 million gift from theLockheed Martin Corporationwill fund the Vance D. CoffmanEndowed Chair in AerospaceEngineering. Dr. Coffman,Lockheed Martin’s recentlyretired CEO, received his bachelor’s degree from IowaState in 1967.
• Scholarship funds totaling $1.75 million were awarded to students last year.
College of Family and Consumer Sciences*2,153 donors$1,499,630 secured
• Funding from the estate of MaryLewis established an endowedscholarship to benefit an Iowaresident majoring in hotel,restaurant and institutionalmanagement.
• Generosity from NevaPetersen’s estate established an endowed scholarship in theCollege of Family and ConsumerSciences.
College of Liberal Artsand Sciences5,992 donors$7,966,961 secured
• A $1 million commitment willbenefit the department of musicand theatre.
• Fiscal year 2005 was a record-breaking year for the College of Liberal Arts and Sciences interms of private support whichsurpassed $7.9 million.
College of Veterinary Medicine1,543 donors$3,167,029 secured
• Over $358,000 in scholarshipsand awards were used by 259veterinary medicine students.
• Stephen Juelsgaard made a$500,000 commitment to theCollege of Veterinary Medicine’s highest fund-raising priority, theVeterinary Teaching HospitalRenovation Project.
University Library3,445 donors$1,498,797 secured
• Fiscal year 2005 was a record-breaking year for the UniversityLibrary in terms of private support.
• The Lennox Foundation pledged$255,000 to establish the LennoxEndowment for PreservationEducation, Training andOutreach.
*These 2 colleges merged into the College of Human Sciences on July 1, 2005(beginning of FY06).
A record number of donors made gifts and future commitments to sup-port all corners of the Iowa State campus in fiscal year 2005. Followingare highlights 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
2120
College of Agriculture4,084 donors$17,858,376 secured
• Received a $10 million gift to support the Sustainable RuralLivelihoods program that helpsdeveloping nations address ruralhunger and poverty.
• More than $2.5 million helpedcreate new undergraduatescholarships and graduate fellowship opportunitieslast year.
College of Business1,908 donors$4,465,034 secured
• The Max S. Wortman, Jr.Endowed Professorship wasestablished to honor this distin-guished Iowa State professor of management and College ofEngineering graduate who diedunexpectedly earlier this year.
• Ten named faculty positionswere created in the College of Business bringing the totalnumber of chairs, professor-ships and fellowships to 22.
College of Design1,126 donors$684,065 secured
• $100,000 was received from thePaul M. Heffernan estate tobenefit the department of archi-tecture’s study abroad programthrough student scholarships.
• $200,000 will benefit the department of art and designthrough the estate of NancyPolster. These funds will beused for student scholarshipsupport.
College of Education*1,012 donors$1,391,487 secured
• The McQuilkin FacultyFellowship was established inthe Educational Leadership andPolicy Studies Program. Thisfellowship will attract distin-guished faculty to Iowa State to work with students for anextended period of time.
• The Dr. Judy K. Nissen EndowedScholarship was established to create opportunities for graduate students in theEducational Leadership andPolicy Studies Program.
College of Engineering4,647 donors$15,698,157 secured
• A $1.5 million gift from theLockheed Martin Corporationwill fund the Vance D. CoffmanEndowed Chair in AerospaceEngineering. Dr. Coffman,Lockheed Martin’s recentlyretired CEO, received his bachelor’s degree from IowaState in 1967.
• Scholarship funds totaling $1.75 million were awarded to students last year.
College of Family and Consumer Sciences*2,153 donors$1,499,630 secured
• Funding from the estate of MaryLewis established an endowedscholarship to benefit an Iowaresident majoring in hotel,restaurant and institutionalmanagement.
• Generosity from NevaPetersen’s estate established an endowed scholarship in theCollege of Family and ConsumerSciences.
College of Liberal Artsand Sciences5,992 donors$7,966,961 secured
• A $1 million commitment willbenefit the department of musicand theatre.
• Fiscal year 2005 was a record-breaking year for the College of Liberal Arts and Sciences interms of private support whichsurpassed $7.9 million.
College of Veterinary Medicine1,543 donors$3,167,029 secured
• Over $358,000 in scholarshipsand awards were used by 259veterinary medicine students.
• Stephen Juelsgaard made a$500,000 commitment to theCollege of Veterinary Medicine’s highest fund-raising priority, theVeterinary Teaching HospitalRenovation Project.
University Library3,445 donors$1,498,797 secured
• Fiscal year 2005 was a record-breaking year for the UniversityLibrary in terms of private support.
• The Lennox Foundation pledged$255,000 to establish the LennoxEndowment for PreservationEducation, Training andOutreach.
*These 2 colleges merged into the College of Human Sciences on July 1, 2005(beginning of FY06).
A record number of donors made gifts and future commitments to sup-port all corners of the Iowa State campus in fiscal year 2005. Followingare highlights 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
C O L L E G E A N D C A M P U S G I V I N G / continued
2322
Athletics7,674 donors$9,534,555 secured
• The Steve and DebbieBergstrom Indoor TrainingFacility opened to provide stu-dent-athletes an environment inwhich to succeed. Funding forthis project was accomplishedentirely through private gifts.
• Funding was secured for theRod and Connie French AthleticAcademic Center that will behoused in the Hixson-LiedStudent Success Center. Thecenter will be used as a recruit-ing tool for all 18 sports and givestudent-athletes an enhancedlearning environment.
Extension/4-H1,393 donors$459,772 secured
• Private support helped ISUExtension serve more than875,000 Iowans last year.
• Private support enabled ISUExtension to fill the position ofextension enologist, and to create the grapes and wine pro-gram supporting the growingIowa wine industry.
Iowa State Center640 donors$174,339 secured
• More than $100,000 was raisedto support the StephensProgram Fund.
• C.Y. Stephens Auditorium wasselected as “Building of theCentury” by the AmericanInstitute of Architects/IowaChapter. Stephens Auditoriumwas financed with the help ofprivate support.
Reiman Gardens3,878 donors$419,010 secured
• More than 2,800 householdshelped Reiman Gardens throughtheir membership support.
• The student internship program,which receives private support,gained attention for its cross-disciplinary approach to work-ing in a public garden.
Student Affairs796 donors$9,804,390 secured
• Funding was secured to con-struct the Hixson-Lied StudentSuccess Center that will provideservices for all Iowa State stu-dent in need of academic coun-seling, tutoring and testing.
• Thanks to private support, theDivision of Student Affairs pro-vided a month-long series ofenhanced programming andactivities during the spring.More than 150 events occurredattracting 40,000 participants.
University Museums648 donors$266,295 secured
• Private support from last yearenabled the museums to servemore than 50,000 visitors, withmore than 100 public programs,350 tours and approximately 10exhibitions.
• Private support helped fund TheMuseums System—a state-of-the-art collections managementsystem that enables curators,faculty, staff and friends to viewand access the collections atIowa State.
Kelley A. BergstromChairKenilworth, Ill.
President
Bergstrom Investment
Management, LLC
Cara K. HeidenVice ChairUrbandale, Iowa
Division President
Wells Fargo Home Mortgage
Steven T. SchulerTreasurerUrbandale, Iowa
Chief Financial Officer
i wireless
David W. Van WertSecretarySun City West, Ariz.
President and CEO
Van Wert Associates
Agatha L. Burnet
Ames, Iowa
Professor Emeritus
Iowa State University
Lyle P. Campbell
Paradise Valley, Ariz.
Chairman of the Board
Legacy Bank
Sandra L. Davis, Ph.D.
Edina, Minn.
CEO
MDA Leadership Consulting
Gregory L. Geoffroy
Ames, Iowa
President
Iowa State University
Labh S. Hira
Ames, Iowa
Dean and Professor
College of Business
Iowa State University
Gerald A. Kolschowsky
Oak Brook, Ill.
Retired Chairman
OSI Industries, LLC
Cheryl G. Krongard
Lutherville Timonium, Md.
Retired Senior Executive
Apollo Management
Joanne M. Kuster
Johnston, Iowa
President
Kuster Ltd.
John K. Lawson
Rapids City, Ill.
Retired Senior Vice President
Deere & Co.
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
CEO
Becker-Underwood Inc.
Marvin J. Walter
Ames, Iowa
President and Owner
Dayton Road Development
Corp.
MAJOR PROGRAM GIVING
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 helps set the policies and future direction of the ISU Foundation. The following board members served during fiscal year 2005.
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.
C O L L E G E A N D C A M P U S G I V I N G / continued
2322
Athletics7,674 donors$9,534,555 secured
• The Steve and DebbieBergstrom Indoor TrainingFacility opened to provide stu-dent-athletes an environment inwhich to succeed. Funding forthis project was accomplishedentirely through private gifts.
• Funding was secured for theRod and Connie French AthleticAcademic Center that will behoused in the Hixson-LiedStudent Success Center. Thecenter will be used as a recruit-ing tool for all 18 sports and givestudent-athletes an enhancedlearning environment.
Extension/4-H1,393 donors$459,772 secured
• Private support helped ISUExtension serve more than875,000 Iowans last year.
• Private support enabled ISUExtension to fill the position ofextension enologist, and to create the grapes and wine pro-gram supporting the growingIowa wine industry.
Iowa State Center640 donors$174,339 secured
• More than $100,000 was raisedto support the StephensProgram Fund.
• C.Y. Stephens Auditorium wasselected as “Building of theCentury” by the AmericanInstitute of Architects/IowaChapter. Stephens Auditoriumwas financed with the help ofprivate support.
Reiman Gardens3,878 donors$419,010 secured
• More than 2,800 householdshelped Reiman Gardens throughtheir membership support.
• The student internship program,which receives private support,gained attention for its cross-disciplinary approach to work-ing in a public garden.
Student Affairs796 donors$9,804,390 secured
• Funding was secured to con-struct the Hixson-Lied StudentSuccess Center that will provideservices for all Iowa State stu-dent in need of academic coun-seling, tutoring and testing.
• Thanks to private support, theDivision of Student Affairs pro-vided a month-long series ofenhanced programming andactivities during the spring.More than 150 events occurredattracting 40,000 participants.
University Museums648 donors$266,295 secured
• Private support from last yearenabled the museums to servemore than 50,000 visitors, withmore than 100 public programs,350 tours and approximately 10exhibitions.
• Private support helped fund TheMuseums System—a state-of-the-art collections managementsystem that enables curators,faculty, staff and friends to viewand access the collections atIowa State.
Kelley A. BergstromChairKenilworth, Ill.
President
Bergstrom Investment
Management, LLC
Cara K. HeidenVice ChairUrbandale, Iowa
Division President
Wells Fargo Home Mortgage
Steven T. SchulerTreasurerUrbandale, Iowa
Chief Financial Officer
i wireless
David W. Van WertSecretarySun City West, Ariz.
President and CEO
Van Wert Associates
Agatha L. Burnet
Ames, Iowa
Professor Emeritus
Iowa State University
Lyle P. Campbell
Paradise Valley, Ariz.
Chairman of the Board
Legacy Bank
Sandra L. Davis, Ph.D.
Edina, Minn.
CEO
MDA Leadership Consulting
Gregory L. Geoffroy
Ames, Iowa
President
Iowa State University
Labh S. Hira
Ames, Iowa
Dean and Professor
College of Business
Iowa State University
Gerald A. Kolschowsky
Oak Brook, Ill.
Retired Chairman
OSI Industries, LLC
Cheryl G. Krongard
Lutherville Timonium, Md.
Retired Senior Executive
Apollo Management
Joanne M. Kuster
Johnston, Iowa
President
Kuster Ltd.
John K. Lawson
Rapids City, Ill.
Retired Senior Vice President
Deere & Co.
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
CEO
Becker-Underwood Inc.
Marvin J. Walter
Ames, Iowa
President and Owner
Dayton Road Development
Corp.
MAJOR PROGRAM GIVING
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 helps set the policies and future direction of the ISU Foundation. The following board members served during fiscal year 2005.
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
Number of gross square-feet in the Hixson-Lied Student Success Center scheduled to open in March 2007—a project made possible entirely from private gifts.
The three-year average cost for the ISU Foundation to raise $1.
Number of new donors supporting Iowa State in FY05.
Number of new endowed chairs/professorships/faculty fellowships created in FY05 thanks to private support.
Date ISU broke ground for the Iowa State University Alumni Center—a project made possible entirely from private gifts.
The number of times the Cyclones have defeated the Hawkeyes in football in the last eight years.
Total amount of the ISU Foundation endowment at the end of FY05.
The number of benefactors it takes to make a difference at Iowa State University.
33,500
11¢
10,005
10
10.22.05
6
1
Know yournumbers
$333,172,566
Audit Committee
Lyle Campbell
Mary Dubas
Cara Heiden
Arend Sandbulte
Norm Skadburg
Sheryl Sunderman, Chair
Thelma Voetberg
Lynn Vorbrich
Awards Committee
John Axel
Maxine Burch
Bill Bywater
Marilyn Kollmorgen
Sandy Rogers May, Chair
Roberta Simpson-Dolbeare
Noel Smith
Jamie Stensland
Roy Uelner
Board Governance Committee
Bill Binger
Jack Cosgrove
Sandra Davis
John DeVries
Denise Essman
Jim Frevert
Cara Heiden, Chair
Gerald Kolschowsky
Dan Krieger
Joanne Kuster
John Lawson
Gene Lloyd
Beverly Madden
Arend Sandbulte
Dave Shoultz
Chelon Stanzel
Jean Steffenson
Gary Thompson
Ellen Walvoord
Tom Whitson
Don Zuck
Executive Committee
Kelley Bergstrom, Chair
Gregory Geoffroy
Cara Heiden
Cheryl Krongard
John Lawson
Steven Schuler
Roger Underwood
David Van Wert
Finance Committee
Gregg Behrens
Marla Franklin
Rudy Herrmann
Labh Hira
John Hsu
Steven Schuler, Chair
Robert Stafford
Jim Stein
David Van Wert
Murray Wise
Gift Acceptance Committee
Beverly Crabtree
Debra Engle
Lisa Eslinger
Craig Marrs
David Hopper
Dan Saftig
Investment Committee
Steve Bergstrom
Lloyd Bettis
Jim Frein
Gary Hoover
Bob Jester
Cheryl Krongard, Chair
Bob McLaughlin
Warren Madden
John Rogers
Bob Vasko
Stephen Watson
Bob Wolter
Development Committee
Beth Cross
Russ Cross
Glenn De Stigter
Diane Greenlee
Sharon Juon
Andy Lashier
Craig Marrs
Kay Runge
Jean Steffenson
Roger Underwood, Chair
Donna Whitney
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
Number of gross square-feet in the Hixson-Lied Student Success Center scheduled to open in March 2007—a project made possible entirely from private gifts.
The three-year average cost for the ISU Foundation to raise $1.
Number of new donors supporting Iowa State in FY05.
Number of new endowed chairs/professorships/faculty fellowships created in FY05 thanks to private support.
Date ISU broke ground for the Iowa State University Alumni Center—a project made possible entirely from private gifts.
The number of times the Cyclones have defeated the Hawkeyes in football in the last eight years.
Total amount of the ISU Foundation endowment at the end of FY05.
The number of benefactors it takes to make a difference at Iowa State University.
33,500
11¢
10,005
10
10.22.05
6
1
Know yournumbers
$333,172,566
Audit Committee
Lyle Campbell
Mary Dubas
Cara Heiden
Arend Sandbulte
Norm Skadburg
Sheryl Sunderman, Chair
Thelma Voetberg
Lynn Vorbrich
Awards Committee
John Axel
Maxine Burch
Bill Bywater
Marilyn Kollmorgen
Sandy Rogers May, Chair
Roberta Simpson-Dolbeare
Noel Smith
Jamie Stensland
Roy Uelner
Board Governance Committee
Bill Binger
Jack Cosgrove
Sandra Davis
John DeVries
Denise Essman
Jim Frevert
Cara Heiden, Chair
Gerald Kolschowsky
Dan Krieger
Joanne Kuster
John Lawson
Gene Lloyd
Beverly Madden
Arend Sandbulte
Dave Shoultz
Chelon Stanzel
Jean Steffenson
Gary Thompson
Ellen Walvoord
Tom Whitson
Don Zuck
Executive Committee
Kelley Bergstrom, Chair
Gregory Geoffroy
Cara Heiden
Cheryl Krongard
John Lawson
Steven Schuler
Roger Underwood
David Van Wert
Finance Committee
Gregg Behrens
Marla Franklin
Rudy Herrmann
Labh Hira
John Hsu
Steven Schuler, Chair
Robert Stafford
Jim Stein
David Van Wert
Murray Wise
Gift Acceptance Committee
Beverly Crabtree
Debra Engle
Lisa Eslinger
Craig Marrs
David Hopper
Dan Saftig
Investment Committee
Steve Bergstrom
Lloyd Bettis
Jim Frein
Gary Hoover
Bob Jester
Cheryl Krongard, Chair
Bob McLaughlin
Warren Madden
John Rogers
Bob Vasko
Stephen Watson
Bob Wolter
Development Committee
Beth Cross
Russ Cross
Glenn De Stigter
Diane Greenlee
Sharon Juon
Andy Lashier
Craig Marrs
Kay Runge
Jean Steffenson
Roger Underwood, Chair
Donna Whitney
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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