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CONTACT: BILL WINDAUER
Director of Development
College of Business Administration
UI Foundation News
500 Alumni Center
Iowa City IA 52242
(319) 385-3305
e-mail: william-windauer@uiowa.edu

Release: Immediate

UI Business Library named for graduate and supporter Marvin A. Pomerantz

IOWA CITY, Iowa -- The University of Iowa's Business Library will be named in honor of 1952 UI business graduate Marvin A. Pomerantz of Des Moines, in recognition of his many years of generous financial support and invaluable leadership to the university and the College of Business.

The announcement was made by UI President Mary Sue Coleman, College of Business Administration Dean Gary C. Fethke, and UI librarian Sheila Creth at the April meeting of the University of Iowa Foundation Board of Directors, of which Pomerantz is a member and former chair.

"Marvin Pomerantz has been instrumental in the life of this college in many ways, and we are extremely grateful for his support," said Fethke. "The Pomerantz Business Library appropriately reflects Marvin's commitment to students, to educational excellence, and to assuring that the UI business school remains among the best in the nation. This advanced facility symbolizes everything that Marvin's ongoing support has helped us to achieve to date and all we intend to achieve in the future."

In addition to his financial support of the business school, which includes funding for the Marvin and Rose Lee Pomerantz Chair in Business Administration, Pomerantz played a major role in securing legislative appropriations for the new business building in 1989. The building was completed in 1994 through a combination of $24 million in state funds and more than $10 million in private gifts, raised through a campaign conducted by the business school and the UI Foundation. Pomerantz was president of the State Board of Regents from 1987 to 1993 and from 1995 to 1996. Most recently, he has been involved in spearheading the campaign to raise endowment funds for the college's H. John Hawkinson Institute of Business Finance.

According to Creth, Pomerantz also was extremely helpful to the UI Libraries during his tenure as Regents president. "Marvin clearly understands the importance to the entire university of maintaining a strong library system, and he was very instrumental in assuring the continuance of essential legislative funding," she explained. "In addition, Marvin and his family have been very generous contributors to the UI Libraries, particularly in helping to make our Iowa Women's Archives a reality. Having the Pomerantz name associated with the Business Library is a fitting tribute to Marvin's dedication to academic quality throughout the University of Iowa."

A well known philanthropist and civic leader, Pomerantz is chairman of the Mid-America Group in Des Moines and Gaylord Container Corporation of Deerfield, Ill. His family's generous support of the UI includes gifts to numerous areas of the university, including the University of Iowa Hospitals and Clinics, where the new Pomerantz Family Pavilion is named in their honor.

His UI involvement includes 21 years as a member of the UI Foundation board, where he is a member of the executive committee and served as chair from 1981 to 1984. He also is a member of the College of Business Administration Board of Visitors; was chair of the Iowa Endowment 2000 Campaign and co-chair of the Hawkeye Arena/Recreation Campaign; and serves on a variety of UI fund-raising committees and advisory boards.

In 1978 Pomerantz received the Distinguished Alumni Service Award from the UI Alumni Association. Pomerantz and his wife, Rose Lee, both are members of The Presidents Club, which recognizes the university's most generous contributors.

The UI Foundation is the preferred channel of support for private contributions to all areas of the UI. Foundation staff work with alumni and friends to provide scholarships, professorships, resources for equipment and technology, and other forms of support for the UI.

5/7/97