/fall06 by Iowa State University Foundation

FALL 2006

Connections For Friends of the Iowa State University Foundation

The Spirit of Giving Makes Great Things Happen At Iowa State

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ANNUAL REPORT

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$12 MILLION CRAIG ENDOWMENT

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NEW SCHOLARSHIPS

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FACULTY SUPPORT

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Connections

92 Million Reasons to Say Thank You

FALL 2006

uly marked my fifth anniversary at Iowa State and I would like to thank all of the wonderful people that I have met and worked with for making this university such a special place. I am especially proud of our achievements in building the academic excellence of the university, with outstanding faculty and superb students. I am also extremely proud of the private support our university generates from thousands of donors like you each year.

Connections is published three times per year by the Iowa State University Foundation—a private, non-profit corporation dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. This magazine serves as a link between Iowa State and benefactors who support the university. You are receiving this publication as an important member of the Iowa State family. We welcome your comments, suggestions and questions.

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

Iowa State University Foundation Office of Communications 2505 Elwood Drive Ames, Iowa 50010-8644 Phone: 515-294-4607 Toll Free: 866-419-6768 Web: www.foundation.iastate.edu E-mail: questions@foundation.iastate.edu The Iowa State University Foundation does not discriminate on the basis of race, color, age, religion, national origin, sexual orientation, gender identity, sex, marital status, disability, or status as a U.S. veteran. Any persons having inquiries concerning this may contact human resources, ISU Foundation, 515-294-4607.

Cara K. Heiden, Chair Urbandale, Iowa

Joanne M. Kuster Johnston, Iowa

Sandra L. Davis, Vice Chair Edina, Minn.

Robert E. McLaughlin Arlington, Va.

David W. Van Wert, Secretary Sun City West, Ariz.

Owen J. Newlin Des Moines, Iowa

Steven T. Schuler, Treasurer Urbandale, Iowa

James P. Stein Muscatine, Iowa

Lyle P. Campbell Paradise Valley, Ariz.

Sheryl K. Sunderman Dallas, Texas

Gregory L. Geoffroy Ames, Iowa

Roger C. Underwood Ames, Iowa

Labh S. Hira Ames, Iowa

Marvin J. Walter Ames, Iowa

Sharon L. Juon Waterloo, Iowa

Stephen L. Watson South Natick, Mass.

Gerald A. Kolschowsky Oak Brook, Ill.

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

Daniel P. Saftig, president Debra Engle, senior vice president of development Lisa Eslinger, vice president of finance Shaun Keister, vice president of development outreach Kevin Stow, senior director of human resources and governance

In fiscal year 2006, more than 54,000 benefactors made new gifts and commitments to the university totaling almost $92 million. That’s like having 92 million reasons to say “thank you” to those who believe in our mission and the future of Iowa State. Our fundraising efforts have significantly increased from $38.2 million in FY03, to $63.2 million in FY04 to $83.2 million in FY05—and I want to thank all of you for being part of this amazing effort. While our private support has been outstanding, we have much work yet to do. I have written in the past about our upcoming comprehensive

fundraising campaign, one that will be the largest ever at Iowa State. By this time next year, you will be hearing many more details about this effort and how we plan to transform this university by creating, sharing and applying knowledge to improve lives worldwide. This fall we are busy with many exciting events. We will be holding several medallion ceremonies to install professors into newly created endowed faculty positions. These named faculty positions allow Iowa State to recruit and retain world-class leaders who make a lasting impact on our students and research programs, and one of my highest honors is to recognize faculty members in this manner. On October 21, during Homecoming Weekend, we will hold the groundbreaking ceremony for the Dr. W. Eugene and Linda Lloyd

Veterinary Teaching Hospital, a $51 million project made possible through private support and funds provided by the Iowa Legislature. And I will be talking with many of you during my frequent visits across the country that give me the enjoyable opportunity to meet with alumni and friends to hear first-hand your thoughts about our future. It’s a great time to be at Iowa State—a university filled with so much pride and purpose. We have a proud history of academic and scientific excellence and an even greater promise of preeminence as our ambitious goals and strategic plan propel us toward higher levels of distinction. Thank you again for your very generous support of Iowa State University. It has been a great pleasure to work with so many wonderful supporters over the last five years. ▼ GREGORY L. GEOFFROY PRESIDENT IOWA STATE UNIVERSITY

Connections

92 Million Reasons to Say Thank You

FALL 2006

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

Cara K. Heiden, Chair Urbandale, Iowa

Joanne M. Kuster Johnston, Iowa

Sandra L. Davis, Vice Chair Edina, Minn.

Robert E. McLaughlin Arlington, Va.

David W. Van Wert, Secretary Sun City West, Ariz.

Owen J. Newlin Des Moines, Iowa

Steven T. Schuler, Treasurer Urbandale, Iowa

James P. Stein Muscatine, Iowa

Lyle P. Campbell Paradise Valley, Ariz.

Sheryl K. Sunderman Dallas, Texas

Gregory L. Geoffroy Ames, Iowa

Roger C. Underwood Ames, Iowa

Labh S. Hira Ames, Iowa

Marvin J. Walter Ames, Iowa

Sharon L. Juon Waterloo, Iowa

Stephen L. Watson South Natick, Mass.

Gerald A. Kolschowsky Oak Brook, Ill.

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

Board Chair is Passionate About Iowa State ara Heiden is the volunteer chair of the ISU Foundation board of directors. In this capacity, she is ultimately responsible for the direction, policies and success of the foundation. She is serving a two-year term which will expire in July 2007. Cara has lived in Iowa nearly all her life. Growing up in the small town of Denison, Cara attended high school, worked various jobs and helped with the family business.

“My father was a contractorbuilder in Denison. By watching him, I found what it means to a family to own a home and how happy they were when it was completed,” recalls Cara. “My father did the construction, my mother did all of the wood finishing and I would clean up the site for dad. It was truly a family focus.” After high school, Cara moved to Nebraska where she enrolled in Concordia Teachers College. At the end of her freshman year, she moved back to Iowa to be closer to her ailing father. She enrolled at Iowa State and began to think more about her career goals. “I began asking myself questions about the direction

I wanted my career to take,” she says. “I loved math and financial analytics. A friend of mine was pursuing a degree in accounting and he convinced me that I’d use my skills more as a certified public accountant.” It paid off and has led to a successful career. Cara is the division president for Wells Fargo Home Mortgage and is the highest ranking woman in mortgage banking. With 28,000 employees in all 50 states, Wells Fargo produced over $392 billion in mortgage funding last year alone. “I absolutely love what I do,” she says. Today, Cara, her husband Kurt, and their three daughters, Erica, Emily and Ellie, live in Urbandale, Iowa. Cara works hard to balance the demands of a career with the other passions in her life—family, church and volunteer activities. At Iowa State University, Cara is an Order of the Knoll member, sits on the College of Business dean’s advisory council, serves as an ISU Foundation governor and is chair of the ISU Foundation’s board of directors. “I’m personally very passionate about Iowa State,” Cara says. “When I look back at my years at ISU, I really appreciate the relationships I had with the professors. Many of them were very important in my life and I want future ISU students to have the same experiences.” Cara sees her involvement with Iowa State as both a way to give back to her alma mater, but also as an investment in education and the future.

New Studio Space Will Benefit Students ryce Pearsall, FAIA is one of those busy people who still makes time for others. A 1971 graduate of Iowa State with a bachelor’s degree in architecture, Bryce is one of four managing principals in the DLR Group, ranked the 13th largest architectural and engineering firm in the nation according to Building Design and Construction magazine.

Cara Heiden is division president for Wells Fargo Home Mortgage and chair of the ISU Foundation board of directors.

“I have been very blessed in my life and I feel very strongly that it’s my responsibility to give back,” she says. “By contributing financially, I can acknowledge what Iowa State did for me, but I also have the opportunity to make the future even more exciting for ISU.” In addition to her involvement with Iowa State, Cara is active with several organizations including the United Way of Central Iowa, Iowa Business Council, Habitat for Humanity and Trinity Lutheran Church. “It’s personally very satisfying when you find something you’re passionate about, take a leadership position and provide financial support. That’s how you can really make a difference,” she said. ▼

With 14 offices and 500 employees across the United States, he spends a lot of time traveling from his home base in Phoenix, Ariz. But still, when he was asked to join the architecture advisory council in 1997, he answered the call. Recently Bryce has moved on to serve as president of ISU College of Design’s advancement council where he is helping the college realize its development goals—both personally and professionally. Bryce and his wife, Rita (who also attended Iowa State as did their daughter, Regan, a 2004 graduate) have now made a significant commitment to help fund a 22,000-square-foot building to house studio space for students within the college. Combined with contributions from DLR Group, on behalf of its ISU employees, a commitment to education in the

College of Design is clearly embedded from the Pearsall’s and DLR Group. “The College of Design strongly needs the expansion of facilities and programs as well as assistance for staff,” says Bryce. “This is a real area of interest for us and the place we felt we could help.” This is not the first time the Pearsalls or the DLR Group have contributed funds to Iowa State. In addition, Bryce and the company have heavily recruited ISU College of Design and College of Engineering graduates for years. “Right now we have about 30 or 40 Iowa State graduates on our staff, and we stay involved on behalf of all the alumni in our company,” he says. “There are great leaders and great faculty within the College of Design,” Bryce says. “And Rita and Bryce Pearsall

Iowa State has tremendous leadership. There is an ethic and a commitment at Iowa State that is unsurpassed in the country.” Bryce says the new structure, which will also foster sustainable design practice, will be a “tremendous asset in thought provocation for the students. It will offer space where the students can do work that is philosophically in tune with where our profession and the world need to be going.” Since becoming active as an alum in the mid-90s, Bryce has taken great pleasure in his time spent at Iowa State with faculty and students. “These last 10 years have been invaluable. I couldn’t put a price tag on it. I learn from the students, and, hopefully, the students learn from me. It’s been a ball!” ▼

Cara Heiden is division president for Wells Fargo Home Mortgage and chair of the ISU Foundation board of directors.

Alumna Honors Family with $12 Million Gift to Iowa State any faculty, students and programs at Iowa State University will benefit from a recent $12 million bequest from Iowa State alumna, Frances Craig. One of the largest gifts on record at ISU comes from the 1949 home economics graduate who passed away on Nov. 26, 2005 at age 79.

“Frances, or Frannie as we called her, always knew she was going to leave her assets to Iowa State but she never talked about it,” says Midge Toole, Frances’ cousin. “She Frances Craig never wanted to call attention to herself. She liked staying in the background.” Even as a kid growing up in Des Moines, Frances was quiet and shy. Her parents, Mary and Dan Craig, came from big families, so Frances was always surrounded by many aunts, uncles and cousins living nearby. Only one year apart in age, Frances and her cousin, Midge, became very close. “I would stay overnight with Frannie often. Like her, I was also an only child so we got thrown together a lot,” recalls Midge. “She was very quiet and unassuming. You could often find her off alone somewhere

reading a book. It wasn’t until her early teens that she began participating more.” Frances’ extended family was large and very close-knit. They did the traditional family activities together, celebrated holidays and birthdays and also shared a strong affection for Iowa State University. “Frannie’s dad, Dan Craig, not only graduated from ISU but became president of the ISU Alumni Association in 1939. My father, two of his brothers and six cousins all went to Iowa State,” Midge laughs. “As far as our family was concerned, you were going to attend ISU, there was really no decision to be made.” Frances followed in her family’s footsteps. After a year at William Woods College, an all-girls school in Missouri, Frances enrolled at Iowa State. She became active in her sorority and graduated in 1949 with a bachelor’s degree in home economics. “I think she was very happy at ISU,” recalls Midge. “We were in the same sorority and she got involved a bit with the group activities. She was there to do her part and do it well.” Upon graduation, Frances taught home economics in a high school on the west coast for a couple of years before moving to the Chicago area. There, she worked as an executive secretary for the Greyhound Corporation. While in Illinois, Frances earned a master’s degree in education and discovered a love for traveling. She

toured around the United States and visited several countries including China, England, Ireland and Scotland. “I remember a trip we took to Hawaii in 1952. Frannie loved it there, but she was not a sun-lover. We would sit around the pool and Frannie would sit there in a long sleeved shirt and a towel over her face and legs just looking like a mummy,” laughs Midge. “But she loved to explore and see the sights.”

“This gift will help Iowa State continue on the path of academic excellence while supporting our incredible faculty and students, and for that we are truly grateful.” Frances, who was often described as “her father’s daughter” because of their close relationship and similar mannerisms, also visited Iowa often. Dan Craig died in 1958 and when his wife, Mary, died in 1991, Frances received a large inheritance. Soon after she established her will, and because Frances had no children and never married, she decided to leave the bulk of her estate to Iowa State as a way to honor her parents. “I believe Frannie did it as a way to honor her father,” Midge explains. “She absolutely adored him and the whole family loved

Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.

ISU, so it was a way to honor him more than anything.” Frances died on November 26, 2005, at the age of 79, and left behind a great legacy. Her bequest, combined with past family gifts to Iowa State,

created the Craig Family Fund; with earnings to be used at ISU for areas of greatest need. “The gift made by Frances Craig is a wonderful example of how ISU’s alumni keep this university great,” says ISU

President Gregory Geoffroy. “This gift will help Iowa State continue on the path of academic excellence while supporting our incredible faculty and students, and for that we are truly grateful.” ▼

Craig Family Fund Bestows Honor and Support to Faculty Many faculty, students and programs at Iowa State

“It’s very meaningful that the university has

University will benefit from a recent $12 million

chosen to recognize me in this way,” said Mark

bequest from Iowa State alumna, Frances Craig.

Gordon, Frances M. Craig Chair in Chemistry. “It’s

Combined with past family gifts, the bequest con-

a validation of what I have accomplished and it’s

stitutes the Craig Family Fund, an endowment

also a little bit humbling because there are so

with earnings directed to strategic priorities at the

many great people at ISU.”

president’s discretion. With faculty support at the

In addition to the honor and prestige associat-

top of the priority list, ISU President Gregory L.

ed with holding a named position, it also allows

Geoffroy utilized initial earnings to establish the

Iowa State to remain competitive for top faculty.

Frances M. Craig Chair in Chemistry. Professor

“A gift of this nature gives President Geoffroy

Mark Gordon, whose research focuses on areas

the resources to act when opportunities arise that

of theoretical and computational chemistry, was

will both reward and retain our outstanding facul-

recently honored with this distinguished position.

ty,” said Dan Saftig, ISU Foundation president. ▼

Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.

Craig Family Fund Bestows Honor and Support to Faculty Many faculty, students and programs at Iowa State

“It’s very meaningful that the university has

University will benefit from a recent $12 million

chosen to recognize me in this way,” said Mark

bequest from Iowa State alumna, Frances Craig.

Gordon, Frances M. Craig Chair in Chemistry. “It’s

Combined with past family gifts, the bequest con-

a validation of what I have accomplished and it’s

stitutes the Craig Family Fund, an endowment

also a little bit humbling because there are so

with earnings directed to strategic priorities at the

many great people at ISU.”

president’s discretion. With faculty support at the

In addition to the honor and prestige associat-

top of the priority list, ISU President Gregory L.

ed with holding a named position, it also allows

Geoffroy utilized initial earnings to establish the

Iowa State to remain competitive for top faculty.

Frances M. Craig Chair in Chemistry. Professor

“A gift of this nature gives President Geoffroy

Mark Gordon, whose research focuses on areas

the resources to act when opportunities arise that

of theoretical and computational chemistry, was

will both reward and retain our outstanding facul-

recently honored with this distinguished position.

ty,” said Dan Saftig, ISU Foundation president. ▼

Carver Trust Gift Creates a Library Learning Center t isn’t easy sustaining a relevant and up-todate library in today’s fast-paced world of technology. Times have changed in many ways, and the good news is that students are using the Iowa State University Library more than ever before.

A library is the hub of any campus, and today’s students need electronic information services and technology support as well as excellent in-house research collections and services. A recent gift of $266,280 to the ISU Library from the Roy J. Carver Charitable Trust will enhance this already popular place. It will transform the library’s central reference service into a new Learning Connections Center with a whole new set of resources, including digital tools within creative learning spaces for student groups and individual study. To create the center, library staff expect to radically change the current reference collections area. A new learning hub is designed as the heart of the space. It will be located on the first floor and visible to all who enter the Parks Library. “Right now we have some low tech group rooms on the upper floors with chalkboards,” says Olivia Madison, dean of the library. “The Learning Connections Center will build

upon those group environments, connecting the students with high tech resources and research staff.” Madison is enthused about the possibilities. “We will be merging our reference service—a very high-end information service provided by the librarians—and technology support while matching library collections with student and faculty research needs,” she says. “Centralizing this in one location creates one-stop shopping, including information technology support, hardware and software to assist student projects. Students can work as individuals or together in teams with library reference tools and collections nearby.” Collaborative clusters with computer workstations will host small student groups. In multimedia studios, students can work together with technology and specialized media

Real-Life Business Experience on the AEGON Trading Floor equipment. Also planned are additional study tables, a presentation room with multimedia equipment, expansive temporary electronic lockers and a soft seating area. Within the center, students can easily stay connected while completing their academic work. “Both the physical and electronic library have strong support from students,” Madison says. “This is a place where students and faculty come together to meet interdisciplinary needs. The fact that the Carver Trust embraced our vision and funded it so generously is very gratifying to all of us.” The Roy J. Carver Charitable Trust was established in 1982 through the will of Roy J. Carver, an Iowa industrialist and philanthropist. The Carver Trust is one of Iowa State’s largest donors and has funded many of the university’s most innovative programs. ▼

Olivia Madison, dean of the Iowa State University Library, shows off the area for the new Learning Connections Center.

magine enrolling in an Iowa State University business course and finding yourself actually making recommendations for the management of a portfolio of assets worth $50 million or more. Thanks to a $250,000 pledge from AEGON USA’s Transamerica Life Insurance Company of Cedar Rapids, Iowa, this tremendous opportunity awaits students of two new College of Business fixed-income courses.

“The custom-fit interaction will give the students incredible real-life experiences,” says Farah Yunus, assistant professor of finance who will teach the 400-level courses, “providing them with wonderful opportunities as they begin the job search process.” The first of the two courses teaches students the skills they need to manage a portfolio. The second challenges them to apply what they’ve learned by becoming a part of the company’s investment department. Students actually spend time on the trading floor as AEGON employees assist College of Business faculty in instructing the students. Already 53 students have

Above: Farah Yunus, assistant professor of finance, will teach new courses on portfolio management.

Right: Peter Gilman, president of Transamerica’s Extraordinary Markets Division.

benefited from AEGON’s generosity, having taken the first of the two courses last spring. The second course is offered this fall. College of Business alumnus Peter Gilman, a 1986 finance graduate and now president of Transamerica’s Extraordinary Markets Division, was a key force behind the creation of these courses. “We’ve learned that the best way to demonstrate

The custom-fit interaction will give the students incredible real-life experiences.

the dynamics and challenges of our business and to develop a solid understanding of the students’ abilities is through working closely together,” Gilman says. The experience will be unique for both students and employees of AEGON, a global leader in insurance products with six divisions and major business units and more than 2,700 employees located in its Cedar Rapids offices. ▼

Olivia Madison, dean of the Iowa State University Library, shows off the area for the new Learning Connections Center.

Above: Farah Yunus, assistant professor of finance, will teach new courses on portfolio management.

Right: Peter Gilman, president of Transamerica’s Extraordinary Markets Division.

The custom-fit interaction will give the students incredible real-life experiences.

Pioneering Alumna Establishes Scholarship for Future Scientists

Chemistry Graduate Opens Doors to the World of Science

owa State University alumna, Bernice Paige, is truly a pioneer in chemistry and nuclear sciences. Now retired with a successful career behind her, Bernice remembers the support she received that helped her pay for college, as a young woman back in 1941.

honda Rush always has Iowa State on her mind. Ever since she left campus in 1975 with her doctorate in chemistry she’s been determined to give back. That’s why last year, after a great deal of careful thought, Rhonda designated a total of $500,000 in deferred commitments to the chemistry department to be used for the department’s general scholarship fund.

“I was planning to attend Iowa State no matter what. I had $25 in my pocket and a job at the dime store,” recalls Bernice. “Then C.Y. Stephens, who had given money to Iowa State in the past, decided to give me his first scholarship. I received $50 each quarter and used the money to pay for my tuition and some of my books.” Bernice remembers the difference that made to her and wanted to do the same for young women faced with similar financial challenges. By naming Iowa State University in her will, she’s able to help future scientists through the Bernice E. Paige Scholarship in Chemical and Biological Engineering. “I had to work a lot while I was taking classes and I know how hard it is. This scholarship will go to kids who can’t make it all the way on their own.” Bernice had an extremely successful career punctuated by many great accomplishments, though it was not always easy. As a female entering the workforce 60 years ago with a

Bernice Paige

degree in chemical technology, Bernice realized she was forging new territory. “I was looking for a job after graduation and I had companies tell me, ‘We’d love to hire you, but we don’t even have a women’s restroom.’ I wanted to say, ‘I don’t care,’” laughs Bernice. “DuPont offered me an interview in Buffalo, N.Y. They were so impressed with my background and education, they offered me a position on the spot. As a woman in the industry, that was very unusual.” Three years after Bernice began working for DuPont, she married David Paige, also a chemical engineer. In 1951, they both joined DuPont’s team training for the Savannah River Plant. A year later, they moved to Idaho where they spent the rest of their careers working at the Idaho National Engineering Laboratory in Idaho Falls. “I had the opportunity to work on projects that received a lot of exposure and high acclaim,” explains Bernice. “Most of my research was highly classified and I earned two patents for some of my early work.”

Students in a chemical and biological engineering class.

Bernice became well-known throughout the nuclear industry and earned many awards over the years. She retired in 1981 and received her most distinguished honor 10 years later, when she was named the first recipient of the American Nuclear Society’s Women’s Achievement Award. Today, her plaques hang proudly on her wall, though she remains modest about the contributions she’s made to her field, instead focusing on future scientists. “I wouldn’t have anything if someone didn’t help me get my degree. I got an outstanding education at Iowa State,” says Bernice. “I’m very happy to give back and help young people find success.” ▼

always had Iowa State in my Sciences dean’s advisory council, and has stayed in contact with will,” she recalls. “I decided to do it right after I left campus. her major professor, Don S. I had such a great time Martin, now retired. there, and I think it’s She has also kept in important to rememtouch with the two ber our institutions other female chemof learning. If I didn’t istry students in her go to college, I’d class. “I worked at have a very different the Ames Laboratory,” job than I do now.” she says, “and lived off She has been a campus in a trailer. We long-time supporter of went to the computer Rhonda Rush Iowa State University, center a lot, played tenand her most recent commitnis, worked really hard and had ment will go a long way to help a lot of fun.” future chemistry students make Rhonda believes it’s importheir way into the world of scitant for everyone to keep their ence—just like Rhonda. ▼ alma mater top of mind. “I’ve

Rhonda (Ph.D. ’75) lives in Chicago where she has worked for the S & C Electric Company (specialists in electric power switching and protection) for nearly 25 years—most recently as senior materials scientist. She returns to campus twice a year to serve on the College of Liberal Arts and

Students in the chemistry department work on projects.

Pioneering Alumna Establishes Scholarship for Future Scientists

Chemistry Graduate Opens Doors to the World of Science

Bernice Paige

Students in a chemical and biological engineering class.

Students in the chemistry department work on projects.

‘If-Only’ Ideas Become Real Through Professorships he difference between a good university and a truly great university is the people, ISU President Gregory Geoffroy often points out. Iowa State has exceptional students and faculty, and increasing private support is the key to attracting and retaining such outstanding people.

Gleeson agrees. This new professorship “will allow me the opportunity to explore ideas that may have been left in the ‘if-only’ basket,” he says.

Private support for faculty positions—like professorships, chairs and fellowships— attracts the nation’s most outstanding scholars to Iowa State and keeps them here for teaching and scientific research. Results of their work not only benefit students, but can also positively impact society. Endowed positions also help support course development, graduate assistants, laboratory equipment, salary enhancements, and professional

President Geoffroy awards Brian Gleeson the Alan and Julie Renken Professorship in Materials Science and Engineering.

development. Two named professorships announced last spring are designed to do just that. Renken Professorship The Alan and Julie Renken Professorship in Materials Science and Engineering may lead to safer jet engines. The new professorship was presented in April to Brian Gleeson, an Iowa State professor of materials science and engineering who develops new alloys and coatings that can withstand

(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.

high temperatures. Gleeson leads an awardwinning research team that develops coating compositions to help turbine blades resist the heat of jet engines. As a result, travelers around the world could experience jet engines that last longer and are more reliable. Support for student training, scientific advancement and patents that could be licensed to industry may now become reality. Alan Renken, who with his wife Julie committed funding for the professorship, is a 1967 Iowa State graduate in engineering operations. He retired in 2003 from his position as president of primary metals for Alcoa. Donors like the Renkens make dreams come true. Mufit Akinc, professor and chair of materials science and engineering, says the Renken commitment will be a big boost to the department. “This is something I’ve been waiting to have for so long,” Akinc says.

Armbrust Professorship Evolving bovine embryo transfer to advance animal breeding is the focus of James K. West, who joined ISU in 2005 as a clinician and established an embryo transfer service to provide students and practicing veterinarians with training in bovine reproduction. Named in May as the first Scott and Nancy Armbrust Professor of Veterinary Medicine at Iowa State University, West can now devote his time to developing an area in which he has already received international recognition for his innovation and expertise. The Armbrust professorship offers tremendous growth potential for students and practicing veterinarians. During his career as a large animal veterinarian, 1975 Iowa State graduate Scott Armbrust expanded his

(L to R) President Geoffroy, College of Veterinary Medicine Dean John Thomson, Nancy Armbrust, Scott Armbrust and James K. West.

exclusive Wisconsin bovine reproduction practice globally and pioneered the bovine embryo transfer market in Europe. He and his wife Nancy decided to establish this professorship after attending the college’s 125th anniversary where they heard the dean talk about his vision for the future. They realized there was never going to be a more important time to make their gift—a reflection of the values their parents instilled in them to give back to those who give to you.

“Providing this endowed professorship is small repayment for the impact Iowa State University and the College of Veterinary Medicine have had on our lives,” says Scott. “The field of embryo transfer and genetics is increasingly important to cattle breeders and dairy producers,” says John U. Thomson, dean of veterinary medicine. “This endowment will deeply enrich our research efforts and enable a deserving faculty member to excel in this field.” ▼

Establishing Faculty Funds The most powerful way to support Iowa State

is a great way to leave a legacy in your name or

faculty is to create an endowment. This means

the name of someone you want to honor.

your initial gift will be invested as a permanent fund—the endowment—and a portion of the

Minimum Endowments:

annual investment return will be used by the

Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million

faculty member. The remaining return on the

Department/Director’s Chair . . . . . . $2 million

endowment (minus a management fee) is reinvest-

Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million

ed along with the fund’s principal. An endowment

Professorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000

Gleeson agrees. This new professorship “will allow me the opportunity to explore ideas that may have been left in the ‘if-only’ basket,” he says.

President Geoffroy awards Brian Gleeson the Alan and Julie Renken Professorship in Materials Science and Engineering.

(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.

(L to R) President Geoffroy, College of Veterinary Medicine Dean John Thomson, Nancy Armbrust, Scott Armbrust and James K. West.

Establishing Faculty Funds The most powerful way to support Iowa State

is a great way to leave a legacy in your name or

faculty is to create an endowment. This means

the name of someone you want to honor.

your initial gift will be invested as a permanent fund—the endowment—and a portion of the

Minimum Endowments:

annual investment return will be used by the

Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million

faculty member. The remaining return on the

Department/Director’s Chair . . . . . . $2 million

endowment (minus a management fee) is reinvest-

Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million

ed along with the fund’s principal. An endowment

Professorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000

Swimming Student Honors Special Instructor “

arbara Forker touched my life,” says Betty Stephenson of her former physical education instructor. Now Betty, the “slow learning swimming student who still doesn’t enjoy the pool,” (as she refers to herself) would like to assure Forker’s legacy impacts other students today and in the future.

Betty (B.S. ’52) refers to Barbara as “a special college professor who touched my life while a student at Iowa State,” and has established the Barbara Forker Scholarship in her honor. If you’re wondering

what would compel someone to recognize another individual by naming a scholarship for them, Betty says it’s simple. “Barbara was there whenever I needed to consult with someone. She was a college instructor who took a real interest in me as an individual, interested in my progress and success in the various aspects of my college life.” That interest didn’t end after graduation, according to Betty. “She continued to follow my successes in teaching and my involvement in state and national professional organizations.” This scholarship was a unique opportunity, she says, “to honor a teacher who had become a friend and someone who I admire for her professionalism, love of teaching and compassion for others.”

“This is a small way in which I can share my success with students in the process of preparing for their careers by having it designated in honor of one person who was part of my success in college,” says Betty.

“Barbara was there whenever I needed to consult with someone. She was a college instructor who took a real interest in me as an individual, interested in my progress and success in the various aspects of my college life.”

Now retired, Betty was a home economics teacher for three years in Iowa and 33 years in Colorado, but never lost interest in physical education. For 25 of those years, she says, she developed and taught a home economics program for special needs students. “While continuing my interest in physical activities and sports,” she recalls, “I became aware there wasn’t much available in that area for challenged students. Thus my desire to help future physical education teachers working with special needs individuals.” Her hope to support training for students to work with children with disabilities determined the direction of the scholarship. The Barbara Forker Scholarship recognizes students who exhibit academic excellence and professional commitment to educating

others about the values of sports and active lifestyles, especially for physically challenged populations. Scholarship recipient Anne Holthaus, a senior majoring in physical education, wants to get her masters in special or adapted physical education. “It’s an awesome opportunity,” she says of the scholarship.

Allison Nevins

“I work with kids with disabilities right now, and look forward to doing it in the future.” Recipient Allison Nevins, who will graduate next May with a degree in athletic training and pre-physical therapy, says “Barbara Forker is a well-known individual in the department of health and human performance within the College of Human Sciences, and to be awarded something that is dedicated to her is a great honor. Working with individuals with disabilities is something that I love to do and to receive a scholarship that recognizes that work is a great feeling.” Recent graduate and scholarship recipient Jenny Smith plans to earn her Ph.D. in pedagogy and may teach at the university level. “It’s nice that the scholarship recognizes hard work beyond going to

Barbara Forker Barbara Forker (M.S. ’50), who retired in 1986, served as the first chair of the department of phys-

Ford to the President’s Commission on Olympic

ical education, now the department of health and

Sports and later served as a member of the United

human performance.

States Olympic Committee. She served 22 months

She joined the ISU faculty in 1948. After earning her Ph.D., she became head of physical education

Barbara Forker and Betty Stephenson

Barbara was appointed by President Gerald

in Europe with the American Red Cross during World War II.

for women at Iowa State in 1958 (assisting in the

Her honors include ISU Professor of the

creation of a physical education major for women

Year (1963), Distinguished Professor (1978) and

in 1960) and in 1974 led that department in a merger

the Strong-Minded Woman Award from the

with the men’s department of physical education.

Carrie Chapman Catt Center for Women and

She served as head of the newly created depart-

Politics. In 1997, the physical education building

ment, which was one of the first in the country to

at Iowa State was renamed the Barbara E.

have a single program for men and women.

Forker Building. ▼

Swimming Student Honors Special Instructor “

Allison Nevins

Barbara Forker Barbara Forker (M.S. ’50), who retired in 1986, served as the first chair of the department of phys-

Ford to the President’s Commission on Olympic

ical education, now the department of health and

Sports and later served as a member of the United

human performance.

States Olympic Committee. She served 22 months

She joined the ISU faculty in 1948. After earning her Ph.D., she became head of physical education

Barbara Forker and Betty Stephenson

Barbara was appointed by President Gerald

in Europe with the American Red Cross during World War II.

for women at Iowa State in 1958 (assisting in the

Her honors include ISU Professor of the

creation of a physical education major for women

Year (1963), Distinguished Professor (1978) and

in 1960) and in 1974 led that department in a merger

the Strong-Minded Woman Award from the

with the men’s department of physical education.

Carrie Chapman Catt Center for Women and

She served as head of the newly created depart-

Politics. In 1997, the physical education building

ment, which was one of the first in the country to

at Iowa State was renamed the Barbara E.

have a single program for men and women.

Forker Building. ▼

Swimming Student Honors Special Instructor/continued classes,” she says. “I would work with the physically challenged even if there wasn’t a scholarship, but the fact that there is a scholarship is particularly rewarding.”

Jenny Smith

“I’ve always known the professional success enjoyed in my own life was because of my undergraduate degree from Iowa State. That’s one of the reasons I wanted to give back.” All of this pleases Betty, who has financially contributed to Iowa State since 1987 through her will and trust, with the funds divided between the home economics and physical education departments.

Because it may be many years before her dream of helping students will be realized, Betty has also begun contributing annually. In this way, she can achieve her goals of honoring Barbara Forker and providing immediate financial support for students. “There were no such things as scholarships when I was in college,” she says. “What I can do may be on a smaller scale, but it affects individuals and makes a difference in their college careers. I’ve always known the professional success enjoyed in my own life was because of my undergraduate degree from Iowa State. That’s one of the reasons I wanted to give back.” ▼

Donor Privacy Legislation Becomes Law in Iowa On May 24, Gov. Tom Vilsack signed legislation

The ISU Foundation will continue to release

that assures donors to the Iowa State University

the name, gift amount and designation (unless the

Foundation that the personal financial information

donor has requested to remain anonymous) of all

they share during the gifting process is protected

gifts. All expenditures out of private gift accounts

under Iowa law. This action guarantees donors

have long been a matter of public record and this

that their wills, estate plans, trusts, annuities and

will not change.

other financial documents will not be open to public information requests. In addition, benefactors who choose to give

This legislation does not change the Iowa Supreme Court’s ruling (Feb. 4, 2005) that stated the ISU Foundation’s fundraising function for

anonymously are legally able to do so. However,

Iowa State University is subject to Iowa’s open

the ISU Foundation encourages donors to tell their

records laws. This legislation only helps to

stories to help inspire other potential benefactors.

enhance and clarify the ruling. For more

Less than one percent of ISU Foundation donors

information, visit the foundation’s web site at

currently request anonymity.

www.foundation.iastate.edu. ▼

Geoffroys Commit Additional $100,000 to Faculty Fellowship owa State University President, Gregory L. Geoffroy places faculty support at the top of the priority list at Iowa State. With his background in research and teaching in the field of chemistry, he understands the importance of private funds to the success of a university.

Inspired to take action, President Geoffroy and his wife, Kathy, established the Gregory L. and Kathleen C. Geoffroy Faculty Fellowship Fund in 2001. With their recent $100,000 pledge, the Geoffroys have committed a total of $250,000 to provide annual support for teaching and research at Iowa State. “We have always believed that the difference between a

good university and a truly great university are the people associated with the institution,” says Geoffroy. “This investment in faculty support is one important way to help attract and retain top faculty and particularly to help beginning faculty get off to a good start.” The current holder of the fellowship, assistant professor of chemistry in the College of Liberal Arts and Sciences, Malika Jeffries-EL, was appointed to the position in 2005 by the dean of the college. The faculty fellowship provides Jeffries-EL with additional discretionary funds annually, which may be used in a number of ways including professional development, creative course enrichment and research. “The Geoffroy fellowship was definitely a factor in my decision to come to Iowa State,” Jeffries-EL said. “The

President Geoffroy and Kathy Geoffroy

increased support is extremely important in my research. It also allows me the opportunity to collaborate with faculty members in different sectors of my field and that’s a great advantage.” “The Geoffroys have always expressed their heartfelt belief in the mission of Iowa State and the importance of private support to the university,” said ISU Foundation President Dan Saftig. “A gift of this magnitude speaks volumes to the thousands of other benefactors to Iowa State University.” ▼

Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.

Jenny Smith

Donor Privacy Legislation Becomes Law in Iowa On May 24, Gov. Tom Vilsack signed legislation

The ISU Foundation will continue to release

that assures donors to the Iowa State University

the name, gift amount and designation (unless the

Foundation that the personal financial information

donor has requested to remain anonymous) of all

they share during the gifting process is protected

gifts. All expenditures out of private gift accounts

under Iowa law. This action guarantees donors

have long been a matter of public record and this

that their wills, estate plans, trusts, annuities and

will not change.

other financial documents will not be open to public information requests. In addition, benefactors who choose to give

This legislation does not change the Iowa Supreme Court’s ruling (Feb. 4, 2005) that stated the ISU Foundation’s fundraising function for

anonymously are legally able to do so. However,

Iowa State University is subject to Iowa’s open

the ISU Foundation encourages donors to tell their

records laws. This legislation only helps to

stories to help inspire other potential benefactors.

enhance and clarify the ruling. For more

Less than one percent of ISU Foundation donors

information, visit the foundation’s web site at

currently request anonymity.

www.foundation.iastate.edu. ▼

President Geoffroy and Kathy Geoffroy

Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.

J U LY 1 , 2 0 0 5 T O J U N E 3 0 , 2 0 0 6

in millio

FISCAL YEAR 2006 HIGHLIGHTS

$38.2

0 FY03 FY04 FY05 FY06

New Gifts and Commitments Number of Donors

(excludes gifts-in-kind)

100

$91.2 $82.4

80 $63.2

60 $38.2

40 20

P R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3

47.0

in thousands

REPORT

40 20

in millions

ANNUAL

53.4 55.3 54.2

40 30 20 10

0 FY03 FY04 FY05 FY06

FY03 FY04 FY05 FY06

PRIVATE SUPPORT AT IOWA STATE UNIVERSITY IS ON THE RISE—THANKS TO YOU. IN FISCAL YEAR 2006, WE RECEIVED ALMOST $92 MILLION (INCLUDING GIFTS-INKIND) IN NEW GIFTS AND COMMITMENTS FROM MORE THAN 54,000 DONORS.

Gifts by Source

MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!

60 Alumni 52% 53.4 55.3 54.2 50 47.0

FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.

in thousands

THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT

DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY

PORT AND THE DIFFERENCE IT MAKES TO SO MANY.

Facility Support 15% 600

$537.3 $489.8

500

20 10

KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-

Student Support 24%

Other 0 16% Foundations Individuals 17% FY03 FY04 FY05 FY06 Corporations 15%

400 $392.7

$439.8

Program 30053% Support

Faculty Support 8%

200 100

THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT

HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS

FY03 FY04 FY05 FY06

Cost to Raise One Dollar Total Assets

DANIEL P. SAFTIG

600

PRESIDENT

$537.3

IOWA STATE UNIVERSITY FOUNDATION

$489.8

500

in millions

FINANCIAL HIGHLIGHTS

(3-Year Average)

400 $392.7

$439.8

300 200

13¢ 11¢

9¢

9 6

FY03 FY04 FY05 FY06

NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)

12¢

100

NUMBER OF DONORS: 54,161

cents

OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.

FY03 FY04 FY05 FY06

DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042 ENDOWMENT RETURN: 8.5% ENDOWMENT TOTAL: $370,436,742

The ISU Foundation’s financial statements are audited by the international firm of KPMG LLP in accordance with 15 auditing standards generally accepted in the United States. The foundation’s full financial statements are available 13¢ at www.foundation.iastate.edu or by request. 12 12¢ 11¢ 9¢ 9

Gifts by Donor Designation

in millions

THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2

J U LY 1 , 2 0 0 5 T O J U N E 3 0 , 2 0 0 6

in millio

FISCAL YEAR 2006 HIGHLIGHTS

$38.2

0 FY03 FY04 FY05 FY06

New Gifts and Commitments Number of Donors

(excludes gifts-in-kind)

100

$91.2 $82.4

80 $63.2

60 $38.2

40 20

P R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3

47.0

in thousands

REPORT

40 20

in millions

ANNUAL

53.4 55.3 54.2

40 30 20 10

0 FY03 FY04 FY05 FY06

FY03 FY04 FY05 FY06

Gifts by Source

MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!

60 Alumni 52% 53.4 55.3 54.2 50 47.0

FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.

in thousands

THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT

DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY

PORT AND THE DIFFERENCE IT MAKES TO SO MANY.

Facility Support 15% 600

$537.3 $489.8

500

20 10

KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-

Student Support 24%

Other 0 16% Foundations Individuals 17% FY03 FY04 FY05 FY06 Corporations 15%

400 $392.7

$439.8

Program 30053% Support

Faculty Support 8%

200 100

THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT

HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS

FY03 FY04 FY05 FY06

Cost to Raise One Dollar Total Assets

DANIEL P. SAFTIG

600

PRESIDENT

$537.3

IOWA STATE UNIVERSITY FOUNDATION

$489.8

500

in millions

FINANCIAL HIGHLIGHTS

(3-Year Average)

400 $392.7

$439.8

300 200

13¢ 11¢

9¢

9 6

FY03 FY04 FY05 FY06

NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)

12¢

100

NUMBER OF DONORS: 54,161

cents

OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.

FY03 FY04 FY05 FY06

DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042 ENDOWMENT RETURN: 8.5% ENDOWMENT TOTAL: $370,436,742

Gifts by Donor Designation

in millions

THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2

D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S TAT E

ENDOWMENT HIGHLIGHTS

More than $38 million was transferred from the ISU Foundation to Iowa State University to support faculty, programs and facilities in fiscal year 2006.

The ISU Foundation endowment provides an ongoing source of funding for Iowa State University.

Area of Support

FY 06 Dollars Transferred

FY 05 Dollars Transferred

Growth of Endowment Since Inception 400

Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,220,044 . . . . . . . . . . . . . . . . . $ 13,027,545 Direct student assistance including scholarships, fellowships, loans, awards and travel.

300

in millions

Faculty and Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,422,484 . . . . . . . . . . . . . . . . . $ 4,508,946 Salary and benefits for faculty and supporting staff.

350

250 200 150

Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,744,266 . . . . . . . . . . . . . . . . . $ 7,735,349 Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.

50 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06

Endowment Return

Endowment Allocation

8.6%

8.5%

Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Gifts in kind and personal property retained and used by the university (ie: equipment, software, works of art, livestock, etc.).

788,609 . . . . . . . . . . . . . . . . . $

807,966

Bonds 25% Diversifying Equity 15%

percent

6.0%

6 4

Private Equity 5%

TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,784,042 . . . . . . . . . . . . . . . . . $ 33,503,016 2

Since inception (1993)

5 years

1 year (FY06)

Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,608,639 . . . . . . . . . . . . . . . . . $ 7,423,210 Program support across campus including research, classroom materials and supplies, professional development and educational programs.

100

Endowment by Purpose College and Administration 40%

Student Support 37%

Faculty and Staff Facilities 1% Support 17% Other 3% Research 3%

Global Equity 51%

Real Estate/ Natural Resources 4%

*Global equity includes large cap U.S. equity, mid cap U.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity

D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S TAT E

ENDOWMENT HIGHLIGHTS

More than $38 million was transferred from the ISU Foundation to Iowa State University to support faculty, programs and facilities in fiscal year 2006.

The ISU Foundation endowment provides an ongoing source of funding for Iowa State University.

Area of Support

FY 06 Dollars Transferred

FY 05 Dollars Transferred

Growth of Endowment Since Inception 400

300

in millions

350

250 200 150

50 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06

Endowment Return

Endowment Allocation

8.6%

8.5%

788,609 . . . . . . . . . . . . . . . . . $

807,966

Bonds 25% Diversifying Equity 15%

percent

6.0%

6 4

Private Equity 5%

Since inception (1993)

5 years

1 year (FY06)

100

Endowment by Purpose College and Administration 40%

Student Support 37%

Faculty and Staff Facilities 1% Support 17% Other 3% Research 3%

Global Equity 51%

Real Estate/ Natural Resources 4%

*Global equity includes large cap U.S. equity, mid cap U.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity

COLLEGE AND CAMPUS GIVING

More than 54,000 donors made gifts and future commitments to support all corners of the Iowa State campus in fiscal year 2006. Following are highlights of how these gifts are making an impact at the university.

College of Human Sciences 2,978 donors $3,602,480 in new gifts and commitments ■

ACADEMIC GIVING ■

College of Agriculture 3,618 donors $20,037,994 in new gifts and commitments ■

■

Recorded the second best fundraising year ever with more than $20 million committed to the college—including more than $12 million in outright cash contributions. Gifts totaling more than $4.5 million allowed the college to significantly enhance new or existing programs—including $1.7 million for a new jointly administered Seed Science/MBA Program with the College of Business; more than $1.6 million for biorenewables programs; and nearly $1 million for Judging Team activities in the department of animal science. Completed the fundraising for a $1 million package of graduate fellowships in the Seed Science Center, in conjunction with the Iowa Seed Association. The Iowa Egg Council pledged more than $1 million for the Iowa Egg Industry Endowed Program.

College of Business 2,045 donors $5,741,817 in new gifts and commitments ■

■

Private support increased 29 percent from the previous year. Roger Murphy committed an additional estate gift of $700,000 to help move the Roger P. Murphy Professorship in Accounting to a faculty chair position. Long-time supporters of the college continued to leave a legacy by committing an additional $1.3 million through their estate. This is in addition to the $1.2 million they committed last year. Dean and Sandra Carlson took advantage of the KETRA legislation and made a $210,000 cash gift to the college to endow a student scholarship.

College of Design 1,138 donors $2,646,074 in new gifts and commitments ■

Fiscal year 2006 was a record breaking year for the college in terms of private support with an increase of more than 282 percent from last year.

■

Steve and Barb King pledged $1 million to help fund construction of a building addition and establish the King Laboratory for Sustainable Design Practice. Bryce and Rita Pearsall have made a significant commitment to help fund the 22,000-squarefoot building that will house studio space for students.

College of Engineering 4,371 donors $18,673,209 in new gifts and commitments ■

■

Secured a commitment of $5 million for a new building to house the agricultural and biosystems engineering department. The W.M. Keck Foundation donated $1.6 million to establish a new lab including a LEAP Microscope that will enable high throughput atomic-scale mapping in materials chemistry. The college initiated a new Engineering Leadership Program with the support of a $500,000 commitment from the 3M Foundation. Received a $1.5 million pledge for Galloway Scholarships.

■

Secured a $750,000 deferred gift for a professorship and endowed scholarship to benefit the department of health and human performance. Carol Alexander Phillips and her husband Dean have teamed up with Elizabeth Alexander to jointly contribute $210,000 to establish endowed scholarships in their parents’ name. Sally and Kim Beisser increased the Beisser Service Learning Award from two scholarships at $1,500 each to $5,000 each.

College of Liberal Arts and Sciences 5,895 donors $4,770,252 in new gifts and commitments ■

■

The college worked with an anonymous donor to establish a $1 million deferred gift that will ultimately benefit the chemistry and biology departments. Rhonda Rush designated $500,000 in deferred commitments to the chemistry department to be used for the scholarship fund.

College of Veterinary Medicine 2,864 donors $3,328,152 in new gifts and commitments ■

■

Received a 50 percent increase in cash contributions to the college in FY06 over FY05 and a total increase of 137 percent in the last two years. The Scott and Nancy Armbrust Professorship in Veterinary Medicine was established which focuses on bovine production and reproduction medicine. Secured new gifts and pledges totaling $757,515 for the Veterinary Teaching Hospital renovation project, the college’s highest fundraising priority. This included support of $200,000 from the Iowa Pork Producers Association and $100,000 from the Iowa Farm Bureau Federation.

Initiated the first-ever Grateful Patients solicitation directed toward owners of animals that were referred for treatment to the Veterinary Teaching Hospital by their local veterinarians—which helped to almost double the number of donors to the college.

University Library 3,348 donors $868,473 in new gifts and commitments ■

■

The Roy J. Carver Charitable Trust pledged $266,280 for a University Library Learning Connections Center. The gift will allow transformation of the library’s central reference service into creative learning spaces for student groups and individual study. Funding of $350,000 from the estate of Ralph Madison established an unrestricted endowment for the general support of the university library.

COLLEGE AND CAMPUS GIVING

College of Human Sciences 2,978 donors $3,602,480 in new gifts and commitments ■

ACADEMIC GIVING ■

College of Agriculture 3,618 donors $20,037,994 in new gifts and commitments ■

■

College of Business 2,045 donors $5,741,817 in new gifts and commitments ■

■

College of Design 1,138 donors $2,646,074 in new gifts and commitments ■

Fiscal year 2006 was a record breaking year for the college in terms of private support with an increase of more than 282 percent from last year.

■

College of Engineering 4,371 donors $18,673,209 in new gifts and commitments ■

■

College of Liberal Arts and Sciences 5,895 donors $4,770,252 in new gifts and commitments ■

■

College of Veterinary Medicine 2,864 donors $3,328,152 in new gifts and commitments ■

■

University Library 3,348 donors $868,473 in new gifts and commitments ■

■

I S U F O U N D AT I O N B O A R D O F D I R E C T O R S

C O L L E G E A N D C A M P U S G I V I N G / continued

MAJOR PROGRAM GIVING Alumni Association 893 donors $1,600,377 in new gifts and commitments ■

■

Fundraising efforts continued for the new Alumni Center with almost $830,000 generated in new gifts and commitments for the facility that is now under construction. More than $532,000 was pledged toward the Alumni Center endowment to help ongoing support of the building.

Athletics 7,935 donors $5,733,002 in new gifts and commitments ■

■

Unveiled a comprehensive facility master plan and began moving forward on fundraising efforts. This plan includes a major remodeling of Hilton Coliseum, significant upgrades to Jack Trice Stadium, a student recreation center, and the concept of a Gateway Athletics Complex. Received a $1.5 million gift from Rod and Connie French for the Hixson-Lied Student Success Center which will include the Rod and Connie French Athletic Academic Center scheduled to open in January 2007. Funding was completed for the football locker room which was completely renovated to provide the football squad with state-ofthe-art facilities.

Extension/4-H 1,173 donors $346,037 in new gifts and commitments ■

■

Swiss Valley Farms committed funds to help the Northeast Area Dairy Center better serve the dairy industry.

Student Affairs 1,062 donors $2,700,955 in new gifts and commitments ■

Private support helped ISU Extension serve more than 754,000 clients last year. ■

Iowa State Center 562 donors $92,117 in new gifts and commitments ■

Nearly $90,000 was directed to the Stephens Program Fund by donors—supporting the many world-class performances that come to Ames every year.

Reiman Gardens 3,483 donors $492,536 in new gifts and commitments Private gift support allowed the Reiman Gardens to expand its summer hours to 9 p.m. every night, giving members and visitors additional opportunities to enjoy the gardens and displays during the peak season.

■

Thanks to private support, the Reiman Gardens staff has received national attention for its process of designing the gardens each year on a rotating theme—and integrating horticulture, entomology, education and events into the theme.

VEISHEA returned in 2006 and many donors supported the VEISHEA Scholars Program, which provides support to incoming freshmen at Iowa State. In addition, general scholarship support assists students with the challenge of rising tuition.

University Museums 1,091 donors $838,629 in new gifts and commitments ■

■

Private gifts continue to enhance the prestigious Presidential Leadership Awards, which are annually presented to the top ISU student leaders on campus and allow them the opportunity to focus on academics and student activities.

In honor of its 50th reunion, the ISU Class of 1956 raised more than $56,000 to support the installation of a new sculpture— Albert Paley’s Transformation— at the newly-renovated Morrill Hall. Membership to support University Museums grew to more than $56,000 which will be used to help ongoing programs and exhibitions; as well as assist with the opening of the Christian Petersen Art Museum in spring 2007.

The ISU Foundation board and committee members help set the policies and future direction of the ISU Foundation. These volunteers served during fiscal year 2006. Cara K. Heiden* Chair Urbandale, Iowa Division President Wells Fargo Home Mortgage Sandra L. Davis, Ph.D.* Vice Chair Edina, Minnesota CEO MDA Leadership Consulting Steven T. Schuler* Treasurer Urbandale, Iowa Senior Vice President and Chief Financial Officer Federal Home Loan Bank of Des Moines David W. Van Wert* Secretary Sun City West, Arizona President and CEO Van Wert Associates

Lyle P. Campbell Paradise Valley, Arizona Chairman of the Board Legacy Bank Gregory L. Geoffroy* Ames, Iowa President Iowa State University Labh S. Hira Ames, Iowa Dean and Professor College of Business Iowa State University Sharon L. Juon Waterloo, Iowa Executive Director INRCOG Gerald A. Kolschowsky Oak Brook, Illinois Retired Chairman OSI Industries, LLC Joanne M. Kuster Johnston, Iowa President Kuster, Ltd. Robert E. McLaughlin* Arlingon, Virginia Sr. Partner Steptoe & Johnson, LLP

Owen J. Newlin Des Moines, Iowa Retired Senior Vice President and Director Pioneer Hi-Bred International, Inc. James P. Stein Muscatine, Iowa Chairman of the Board Central Bancshares, Inc. Sheryl K. Sunderman Dallas, Texas Managing Partner Accenture Roger C. Underwood* Ames, Iowa Partner Riverwood Capital Marvin J. Walter Ames, Iowa President and Owner Dayton Road Development Corp. Stephen R. Watson South Natick, Massachusetts Co-Founder and Principal Walnut Venture Associates *Member of the executive committee

I S U F O U N D AT I O N G O V E R N O R S More than 200 ISU Foundation governors and governors emeritus serve lifetime appointments. This group of dedicated volunteers is highly active with the university and helps influence the success of the foundation. For a complete list of governors, visit our Web site at www.foundation.iastate.edu.

I S U F O U N D AT I O N B O A R D O F D I R E C T O R S

C O L L E G E A N D C A M P U S G I V I N G / continued

MAJOR PROGRAM GIVING Alumni Association 893 donors $1,600,377 in new gifts and commitments ■

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Athletics 7,935 donors $5,733,002 in new gifts and commitments ■

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Extension/4-H 1,173 donors $346,037 in new gifts and commitments ■

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Swiss Valley Farms committed funds to help the Northeast Area Dairy Center better serve the dairy industry.

Student Affairs 1,062 donors $2,700,955 in new gifts and commitments ■

Private support helped ISU Extension serve more than 754,000 clients last year. ■

Iowa State Center 562 donors $92,117 in new gifts and commitments ■

Nearly $90,000 was directed to the Stephens Program Fund by donors—supporting the many world-class performances that come to Ames every year.

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University Museums 1,091 donors $838,629 in new gifts and commitments ■

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I S U F O U N D AT I O N C O M M I T T E E S

ISU Foundation committee members help set the policies and future direction of the ISU Foundation. The following committee members served during fiscal year 2005. Audit Committee Kathy Howell Leonard Rodman Arend Sandbulte Norman Skadburg Sheryl Sunderman, chair Thelma Voetberg Lynn Vorbrich

Awards Committee John Axel Willis Bywater Sandy Rogers May, chair Roberta Simpson-Dolbeare Noel Smith Jamie Stensland Roy Uelner Governance Committee Sandra Davis, chair John DeVries Denise Essman James Frevert Diane Greenlee Daniel Krieger Joanne Kuster Beverly Madden David Shoultz Gary Thompson Donald Zuck Campaign Executive Committee Steve Bergstrom Gerald Kolschowsky Karen Kolschowsky W. Eugene Lloyd Linda Lloyd Charles Manatt James Melsa Katherine Melsa Owen Newlin Richard Stanley Roger Underwood, chair

Finance Committee Marla Franklin Rudolph Herrmann Labh Hira John Hsu Steven Schuler, chair Robert Stafford James Stein David Van Wert Gift Acceptance Committee Beverly Crabtree Debra Engle Lisa Eslinger Craig Marrs Dan Saftig William Woodman Investment Committee Steve Bergstrom Lloyd Bettis James Frein Gary Hoover Warren Madden Robert McLaughlin, chair John Rogers Robert Vasko Stephen Watson Stewardship Committee Diane Greenlee Sharon Juon, chair Andrew Lashier Craig Marrs Kay Runge Jean Steffenson Donna Whitney

Women & Philanthropy Committee Colleen Armstrong Sally Beisser Rhonda Christensen Suzanna de Baca Mary Dubas Kathy Geoffroy Diane Greenlee Susan Heaton Peggy Johnson Sharon Juon Barbara Kinney Kristi Knous Joanne Kuster Beverly Madden Michelle Mahoney, chair Karol Nickell Kari Roehr Leslie Saftig Michele Whitty The Gateway Hotel Board of Directors Ken Bussard Willis Bywater John Dasher William Goodwin Sharon Juon Warren Madden Jean Steffenson Dennis Wood

Know your

numbers $91,995,825

The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.

54,161

Number of donors supporting ISU in FY06.

10.21.06

Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital

103

Number of new scholarships and fellowships created in FY06.

200,885

Number of living Iowa State alumni in the universityâ&#x20AC;&#x2122;s database.

30,712

Number of season football tickets sold this year (as of September), which is a new record.

101

Number of career majors to choose from at Iowa State.

The number of benefactors it takes to make a difference at Iowa State University.

I S U F O U N D AT I O N C O M M I T T E E S

Know your

numbers $91,995,825

The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.

54,161

Number of donors supporting ISU in FY06.

10.21.06

Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital

103

Number of new scholarships and fellowships created in FY06.

200,885

Number of living Iowa State alumni in the universityâ&#x20AC;&#x2122;s database.

30,712

Number of season football tickets sold this year (as of September), which is a new record.

101

Number of career majors to choose from at Iowa State.

The number of benefactors it takes to make a difference at Iowa State University.

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