CONTACT: OLGA SASSINE
Director, The Presidents Club
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973
Release: June 3, 2000
UI Foundation inducts 5,000th Presidents Club member
IOWA CITY, Iowa -- The 5,000th member of the Presidents Club of the University
of Iowa was inducted by the UI Foundation at the 33rd annual Presidents Club
Assembly Saturday, June 3 at the Iowa Memorial Union. The late Don T. Patrick
Steele, Sr., of Dubuque received the honorary designation from the club, which
recognizes high-level, cumulative support to all areas of the university.
Don Steele, who died in 1998, earned a B.S.C. degree from the UI in 1938.
The Steele family has endowed scholarships benefiting students in the Henry
B. Tippie College of Business and generously supported UI athletics for a
number of years. Steele's widow, Helen Steele of Dubuque, and his son Mike
Steele, a 1977 UI alumnus who also lives in Dubuque, accepted the honor.
"It's a special pleasure to honor the Steeles, because they're a wonderful
example of one Iowa family working to help other Iowa families achieve their
dreams,'' said UI Foundation President Michael J. New. "Through their
support for scholarship funds and other important UI initiatives, the Steeles
have demonstrated the loyalty, commitment, and generosity that characterizes
all Presidents Club members."
The Presidents Club began in 1967 with 38 charter members. Prior to the
5,000th member milestone, as of Dec. 31, 1999, the membership included 4,513
Presidents Club members, of which 93 were Presidents Club Gold members (cumulative
support of $1 million or more), 227 were Presidents Club Silver members (cumulative
support of $250,00 or more), and 477 businesses and organizations recognized
as Presidents Club Associates.
An individual may become eligible for membership in the Presidents Club
with an outright gift or 10-year pledge of at least $40,000 in cash, securities
or real or personal property. Contributors who arrange for a deferred gift
of at least $100,000 through a bequest, will or living trust may also qualify
Through outright gifts or long-term pledges, Presidents Club members invest
in university programs, projects, scholarships, endowed professorships, research
funding, facilities improvements and student-faculty development. Many serve
on departmental and collegiate university committees.
During the June 3 assembly, Presidents Club members and guests toured a
number of campus sites, including the Museum of Art; National Advanced Driving
Simulator; College of Education and the Belin-Blank International Center for
Gifted Education and Talent Development; and the John Pappajohn Entrepreneurial
Center and the Iowa Electronic Markets at the Tippie College of Business.
UI President Mary Sue Coleman addressed club members at a luncheon and dinner
held in their honor.
The UI Foundation is the preferred channel for private contributions to
all areas of the university. Foundation staff work with alumni and friends
to generate funds for scholarships, professorships, facilities improvements,
equipment purchases, research and other UI initiatives.