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CONTACT: DAVID DIERKS
Director of Development
Planned Giving
UI Foundation News
500 Alumni Center
Iowa City IA 52242
(319) 335-3305
e-mail:david-dierks@uiowa.edu

Release: Immediate

Gift provides for 16 new annual UI scholarships

IOWA CITY, Iowa -- Some 16 new annual scholarships for outstanding undergraduate students in the University of Iowa Colleges of Nursing and Business Administration have been established through a gift to the University of Iowa Foundation.

Generous support of more than $200,000 from Mabel G. Schoen of Albuquerque, N.M., has created the John W. and Mabel Gottburg Schoen Scholarship Fund in the College of Nursing and the John W. and Mabel G. Schoen Business Scholarship Fund in the College of Business Administration.

Earnings from the two endowed funds will support four annual $1,500 UI scholarships in nursing and 12 annual $500 scholarships in business administration.

Mabel Schoen earned bachelor's and G.N. degrees in liberal arts and nursing from the UI in 1940. Her late husband, John W. Schoen, received his B.S.C. degree in commerce and science from the UI in 1938. He worked in sales and distribution for construction equipment firms in the Midwest and later became CEO and chair of the board of directors for several distribution companies in New Mexico.

Mabel Schoen established the funds in honor of her husband, who died in 1995, and to recognize the colleges from which they graduated. The Schoens' son, John E. Schoen of McGregor, Texas, said, "My parents always had deep ties to the UI. The university provided them with an excellent education and life-long friends, and they wanted to help today's students have similar opportunities."

According to Melanie C. Dreher, dean of the College of Nursing, Mabel Schoen's gift has created one of the largest scholarship funds in the college. Dreher said, "We are deeply grateful to the Schoen family for their generosity and delighted that Mrs. Schoen wants to help current nursing students excel in the profession."

The four nursing scholarships will be split evenly between full-time junior and senior students in good standing. Applications for the scholarships will be available from the college's Student Services at the start of the fall semester. The first annual awards will be made in October.

The Schoen Business Scholarship Fund will provide annual support to six students majoring in accounting, four students majoring in management and two students majoring in entrepreneurial studies. The entrepreneurial program is part of the new John Pappajohn Entrepreneurial Center located in the college.

The college's dean, Gary C. Fethke, said, "The Schoen Scholarship Fund significantly increases the number of deserving students who will receive support. We especially appreciate the Schoens' gift because increasing student financial aid awards is one of the college's top priorities."

The 12 scholarships will be split evenly between full-time junior and senior students in good standing in the College of Business Administration. The first awards will be made by the college's Scholarship Selection Committee this month.

Mabel and John W. Schoen have supported the UI through the Foundation since 1970. Their ongoing generous support earned them membership in The Presidents Club, the university's highest honor club for contributors.

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, friends and businesses to provide scholarships and other forms of support for the UI.

6/9/97

Sixteen new annual UI scholarships to be awarded -- 2