CONTACT: MICHAEL NEW
President, University of Iowa Foundation
Iowa City IA 52242
(Background information for Henry Tippie naming gift story)
University, business school have history of generous benefactors
IOWA CITY, Iowa -- Henry Tippie's $30 million commitment to the Iowa
business school is the largest contribution from an individual ever received
by the University, which has benefited from many generous gifts in recent
years. Tippie is a 1949 graduate of the UI College of Commerce.
On Feb. 8 the UI announced an intellectual property gift from DuPont
valued at $35 million. Previously, the largest single gifts received by
the UI include $14 million from the F. Wendell Miller estate in 1995; gifts
of art totaling $7.8 million from the estate of Muscatine industrialist
C. Maxwell Stanley; $5.2 million from the estate of former Iowa City
Press Citizen editor Edwin B. Green in 1988; and a gift of $4 million
by Des Moines venture capitalist and UI business graduate John Pappajohn
to the College of Business building campaign 1992. Prior to the Tippie
and DuPont commitments, the most generous contributor to the university
has been the Roy J. Carver Charitable Trust of Muscatine. The Trust's
cumulative support of the university now totals approximately $26 million.
Generous support to the College of Business in recent years is most
visibly demonstrated by the John Pappajohn Business Administration Building.
Pappajohn is a 1952 business school graduate whose giving to the college
now totals $5.7 million. Pappajohn also is known for his support of the
UI's John Pappajohn Entrepreneurial Center. He and his wife, Mary, have
given a total of nearly $10 million to programs throughout the UI, including
funding for the John and Mary Pappajohn Clinical Cancer Center at the University
of Iowa Hospitals and Clinics.
According to the University of Iowa Foundation, other major givers whose
support for the college nears or exceeds the $1 million mark include H.
John Hawkinson, a 1936 business school graduate from Wilmette, Ill., for
whom the Hawkinson Institute of Business Finance is named; Marvin Pomerantz
of Des Moines, a 1952 business school graduate who has endowed the Marvin
and Rose Lee Pomerantz Chair in Business Administration and for whom the
Pomerantz Business Library is named; Charles Grannon, a 1941 business school
graduate from Boca Raton, Fla., who endowed the Grannon Fellowships in
Business Administration and provided substantial support for the college's
building campaign; and Stanley M. Howe, chairman emeritus of HON Industries
in Muscatine, who made a major gift in 1998 to support the college's Evening
M.B.A. programs, is endowing a named chair in business leadership, and
for whom one of the Gallerias in the Pappajohn business building is named.