CONTACT: BILL WINDAUER
Director of Development
UI College of Business Administration
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Gift from UI business graduate will support UI Entrepreneurial Center
IOWA CITY, Iowa -- University of Iowa business school graduate Merle
J. Volding of Dallas has made a $100,000 gift of stock to the University
of Iowa Foundation in support of the UI's John Pappajohn Entrepreneurial
In announcing the gift, Gary Fethke, dean of the UI College of Business
Administration, and Edward M. Moldt, director of the Entrepreneurial Center,
said Volding's generosity will directly benefit students who are learning
how to research, launch, and manage new businesses.
"Merle Volding is a consummate entrepreneur," said Moldt.
"He has created a number of highly successful business ventures throughout
his career, and he excels at recognizing and assessing opportunity. The
fact that he's chosen to invest in our Entrepreneurial Center and to share
his expertise with our students will be of enormous benefit to our entire
A 1949 graduate of the UI business school, Volding retired in 1997 from
BancTec, Inc., a leading Dallas-based supplier of hardware and software
for the financial industry. Volding founded BancTec in 1972. At the time
of his retirement, the company's annual sales exceeded $550 million. Volding
has also served as president and director of Practical Management Associates,
Inc., of Dallas; and chairman of Ideal Learning, Inc. He has served on
the boards of numerous technology-based corporations.
"We are especially grateful for Merle's support because it comes
at such a critical time for the Entrepreneurial Center," said Fethke.
"With so much promise in Iowa growth industries such as medical technology
and biomedical engineering, many of our students are eager to make the
most of the unique offerings available here at the UI, where our entrepreneurial
program is shared among the business, engineering, and health sciences
colleges. Merle's gift will enable us to expand our educational programming,
particularly in the areas of business communications and marketing."
Founded in 1987 as the Entrepreneurial Management Institute within the
UI business school, the center was renamed in 1996 following a $1.5 million
commitment from Des Moines venture capitalist and UI business graduate
John Pappajohn. JPEC was recently recognized as one of the nation's "Top
Ten Up and Coming Entrepreneurial Programs" by Success magazine.
The University of Iowa 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.