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CONTACT: BILL WINDAUER
Director, College of Business Development
500 Alumni Center
Iowa City IA 52242
(319) 335-3305
e-mail: william-windauer@uiowa.edu

Release: Immediate

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.

2/12/97