9.12.17

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BOB DYLAN TO PERFORM

IOWA STATE DAILY

The singer-songwriter will be coming to Iowa State on Oct. 24. Be there to see him at Stephens Auditorium. PAGE 4

AMES NOT LAMES

Check out free things to do around Ames and the surrounding area before fall weather truly hits. PAGE 7

A HISTORIC GIFT An independent student newspaper serving Iowa State since 1890.

TUESDAY 09.12.2017 No. 016 Vol 213

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College of Business to be renamed for $50 million donors

CHRIS JORGENSEN/ IOWA STATE DAILY Interim President Benjamin Allen (left) announced a $50 million donation made by Jerry Ivy (right), CEO of Auto-Chlor System, and his wife, Debbie (middle) on Monday, Sept. 11.

BY DAWIT.TILAHUN @iowastatedaily.com

The College of Business will be receiving its largest donation to date to further drive its expansion.

Debbie and Jerry Ivy will be donating $50 million to the College of Business. Jerry Ivy is an alumni of Iowa State and is now the Chief Executive Officer (CEO) and current President of Auto-Chlor System, a company dedicated to providing superior cleaning solutions to the food service, health care and lodging industries. The mission of the Forever True, For Iowa State campaign is to elevate “the quality of the ISU experience that secures future leaders, innovators and entrepreneurs. Advancing Iowa State’s role as a world leader and pioneer in addressing our most complex challenges and enhancing the margin of excellence that sets Iowa State apart,” according to interim President Benjamin Allen. Larissa Jones, the President and CEO of the Foundation, launched the Forever True, For Iowa State campaign early last fall. The program is a public fundraising campaign launched from the Foundation. With the launch of the $1.1 billion Forever True, For Iowa State campaign, the foundation and the College of Business played crucial roles in guiding the set up of Debbie and Jerry Ivy’s donation. The donation will help achieve the goals of the campaign the college has laid out. The endowment will allow for advancements in the college today and in the future. “With this gift we are hoping to enable not only the staff and the university, but the students all the way through to be able to reach out and keep expanding their goals and their dreams with endless possibilities,” Debbie Ivy said. The gift has prompted the naming of the College of

Under Dean David Spalding, the College of Business has raised over $85 million for the college. Business to now be named the Debbie and Jerry Ivy College of Business, holistically renaming the College of Business. The naming will be brought to the Iowa Board of Regents in early October for approval. “This fund will eventually provide approximately $2 million annually designated for priorities in the College of Business,” Allen said. Under Dean David Spalding, the College of Business has increased enrollment by over 40 percent and has raised over $85 million for the college. The flexible endowment will initially be prioritized for use in three areas: the supply chain management pro-

DONATION

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