CONTACT: BILL WINDAUER
Director, College of Business Development
500 Alumni Center
Iowa City IA 52242
Outlet mall shopping will boost Tanger UI business scholarship
IOWA CITY, Iowa -- A scholarship fund for students in the University of Iowa
College of Business Administration has been established by Stanley K. Tanger,
chairman and CEO of the Tanger Factory Outlet Centers, Inc.
Tanger's gift to the University of Iowa Foundation provides start-up funding
for the endowed scholarship, which will be presented in the amount of $500
each year to a sophomore pre-business major at Iowa, based on a combination
of academic merit and financial need.
To assure that the endowment fund will grow beyond his initial gift, Tanger
has arranged for a portion of 1997 sales receipts at the Williamsburg Tanger
Outlet Center to be directed toward the business scholarship fund. From January
through December of this year, UI students, faculty, employees, and their
families can drop their receipts in designated boxes located in all outlet
center stores, at the Tanger Outlet Center office, or in a drop-box located
adjacent to the Undergraduate Programs Office in the Pappajohn Business Administration
Building on the UI campus.
Receipts may also be sent to Delta Sigma Pi, the UI student business fraternity
that is assisting with the Tanger project, at Room 108 in the Pappajohn Business
Building. According to Tanger, 10 percent of the purchase prices on those
deposited receipts will be donated to the scholarship fund.
Gary Fethke, dean of the UI College of Business Administration, says he appreciates
Tanger's innovative approach to raising scholarship funds. "I applaud
Stanley Tanger's generosity as well as his desire to add to the fund while
supporting the local Iowa economy. We hope this will be a great success."
Delta Sigma Pi is helping arrange a motorcoach shopping trip to the Tanger
Outlet Center Saturday, March 8, for UI students. A bus will stop at several
UI residence halls early that afternoon, returning to Iowa City around 5 p.m.
Students who wish to sign up for the shopping trip should stop by the UI business
school's Undergraduate Programs Office, W160 Pappajohn Building.
The University of Iowa Foundation is the preferred channel of support for
private contributions to all areas of the University of Iowa. Foundation staff
work with alumni and friends to provide scholarships and other forms of support
for the UI.