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University of Iowa Foundation News Release

April 16, 2004

Iowa Nonprofit Resource Center Receives $2.5 Million Gift

The Iowa Nonprofit Resource Center at the University of Iowa will be named in memory of prominent Iowa attorney Larned Allen Waterman in recognition of a $2.5 million gift commitment from his widow, Mary Hubbell Waterman of Bettendorf, Iowa.

Larned Waterman, a Quad Cities community leader who earned his J.D. degree from the University of Iowa in 1947, died in 1983. He was a member of the Iowa Law School Foundation Board of Directors from 1972 to 1976, served as trustee of the University of Iowa Murray Trust Fund for many years, and was director or trustee for several Quad Cities and Iowa companies and nonprofit organizations. He was posthumously inducted into the Iowa Business Hall of Fame in 1985 and the Quad City Business Hall of Fame in 2003.

"Larned A. Waterman was not only a distinguished Iowa lawyer, he was also one of Iowa's foremost public citizens, giving generously of his time and talent to an array of civic activities," said N. William Hines, dean of the UI College of Law. "Permanently associating Larned's name with the Iowa Nonprofit Resource Center is a most fitting recognition of his multitude of contributions to the university, to the profession and to the state of Iowa."

Said Willard "Sandy" Boyd, UI professor of law and the center's director, "Personally, I'm particularly proud to have the center bear Larned's name because I've known the Watermans for 50 years and admire their great commitment to the nonprofit sector in Iowa. This gift will help the center fulfill one of its important goals: to instill in law and business students a sense of responsibility to be active as nonprofit leaders in their communities."

Mary Waterman said, "I am very pleased to be able to help the Iowa Nonprofit Resource Center in its efforts to strengthen the governance and operations of the nonprofit community."

The Iowa Nonprofit Resource Center was created at the UI in 2000 to reach out to all parts of Iowa to help nonprofit organizations. The center's web site -- http://inrc.continuetolearn.uiowa.edu -- provides community organizations statewide with a variety of nonprofit information resources. "Nonprofit Organizational Effectiveness," the center's two-semester course, addresses all aspects of operating nonprofit organizations and their community relations. The center serves the Iowa nonprofit community through several instructional programs and brings lawyers into the area of nonprofit practice by presenting an annual continuing legal education program at the Iowa Law School.

The Waterman gift is part of the UI's $850 million comprehensive campaign, which will run through 2005 and is being conducted under the guidance of the UI Foundation. Named "Good. Better. Best. Iowa: The Campaign to Advance Our Great University," the seven-year effort is raising private funds to help launch a variety of initiatives across the university, substantially increase the number of UI scholarships and endowed faculty positions, support new educational and research facilities, build the UI's endowment and fund outreach and service programs to benefit Iowans.

The Iowa Law School Foundation and the UI Foundation are acknowledged by the UI as preferred channels for private contributions that benefit all areas of the university. For more information about the "Good. Better. Best. Iowa" campaign, visit its web site at www.GoodBetterBestIowa.org.

STORY SOURCE: UI Foundation, P.O. Box 4550, Iowa City, Iowa 52244-4550

CONTACT(S): Rich Wretman, Assistant Vice President, Constituent Development Programs, UI Foundation, 319-335-3305, mailto:rich-wretman@uiowa.edu. Editor: Forrest Meyer

PHOTOS/GRAPHICS: Photos for this story are available for downloading at:
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