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Release: Immediate

UI Foundation elects officers, executive committee, lifetime honorary directors

IOWA CITY, Iowa -- At its October meeting in Iowa City, the board of directors of the University of Iowa Foundation elected the following officers for 1998-99: David J. Fisher, West Des Moines, chair; Carroll J. Reasoner, Cedar Rapids, and Robert W. Verhille, Solon, vice chairs; Michael J. New, Iowa City, president; Alan L. Swanson, Iowa City, vice president, communications and administration, and secretary; and Larry C. Bruse, Iowa City, treasurer.

The volunteer board broadly oversees the fund-raising policies, activities, and stewardship of gifts to the UI Foundation, which last year received nearly $52 million in outright support for the UI from approximately 47,000 contributors. The foundation's endowment pool is approximately $350 million and total assets are approximately $550 million.

The UI Foundation is the preferred channel of support for private contributions to all areas of the University of Iowa. Foundation staff work with alumni and friends to provide resources for professorships, scholarships, building renovations, equipment, technology, and other forms of support for the UI.

Elected to the foundation board's executive committee for 1998-99 were: Fisher, Reasoner, Verhille, and James C. Hanson, Moline, Ill.; Charles M. Kierscht, Hinsdale, Ill.; Jill N. McLaughlin, Moline, Ill.; and Marvin C. Pomerantz, Des Moines. UI President Mary Sue Coleman is an ex officio member of the executive committee.

Elected as Lifetime Honorary Directors in honor of their many years of service on the board were John W. English, Summit, New Jersey, and Wallace J. Sulentic, Waterloo. English had served four three-year terms and Sulentic had served six three-year terms. Both had held a number of leadership positions.

The UI Foundation, a nonprofit organization incorporated in 1956 as the university's preferred channel for private gifts, assists a broad range of university programs, projects, and academic units through its fund-raising programs.