University of Iowa Foundation News Release
Jan. 6, 2005
$100,000 AEGON Gift Creates Endowed UI Student Scholarship Fund
The AEGON Transamerica Foundation, the philanthropic arm of the AEGON Insurance Group, has made a $100,000 gift to endow student scholarships for University of Iowa business and actuarial science students.
AEGON's gift to the UI Foundation will provide permanent support for a program AEGON began with a $25,000 pledge in 2001. Annual awards from the AEGON Transamerica Foundation Scholarship program will be granted to deserving UI sophomores and juniors majoring in business in the UI Henry B. Tippie College of Business or actuarial science in the UI College of Liberal Arts and Sciences.
"In these times of rapidly rising tuition, AEGON's generous commitment for UI scholarships is much needed and greatly appreciated," said Gary Fethke, dean of the UI Tippie College of Business.
AEGON is a global leader in the field of insurance services, with comprehensive offerings in life insurance, pensions, savings and investment products. Five of its divisions and major business units are based in Cedar Rapids.
"By endowing a scholarship at the University of Iowa, we are investing in the state's economic development," said Marie Swope, vice president of the AEGON Transamerica Foundation. "Our long-standing and positive relationship with the university assures us that this endowment will help students prepare for their futures."
AEGON's gift is part of the UI's $1 billion 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 UI acknowledges the UI Foundation as the preferred channel 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