CONTACT: ANN RHODES
307 E College
Iowa City IA 52242
email : firstname.lastname@example.org
Michael J. New named president of University of Iowa Foundation
IOWA CITY, Iowa -- Michael J. New, vice president for development programs
at the University of Iowa Foundation, has been named president of the Foundation.
He succeeds Darrell D. Wyrick, who is retiring July 1.
New's appointment, the culmination of a nation-wide search, was announced
by UI President Mary Sue Coleman and David J. Fisher of Des Moines, who
is chair of the UI Foundation Board of Directors.
"We are absolutely delighted to have identified a new leader for
the Foundation who brings energy, creativity and commitment to this vital
position," Coleman said.
Fisher added, "The University of Iowa will continue to depend on
private philanthropy to maintain its high standards of excellence. Under
Michael New's leadership, we will advance to the next level of funding."
New, who earned bachelor's and master's degrees from the UI, has worked
for the UI Foundation since 1976, when he joined the staff as associate
director. He was promoted to vice president in 1985, and since that time
has led the Foundation's development staff, which has grown from 10 to
32 full-time development officer positions, serving all parts of the UI.
In addition to planning and implementing strategies for numerous UI
capital campaigns - including the upcoming university-wide comprehensive
campaign - New has worked with the university's central administration
to expand international outreach and fund-raising.
Prior to joining the UI Foundation, New was assistant coordinator of
the UI College of Medicine's Iowa Regional Medical Program. He also held
administrative and development positions with Iowa Public Television, the
Health Facilities Association of Iowa, and the Iowa Chapter of the Arthritis
Founded in 1956, the UI Foundation is a nonprofit organization that
is structurally separate from the University of Iowa but works hand-in-hand
with the UI as its preferred channel for private gifts. The Foundation's
more than 200 staff members raise funds, provide donor stewardship, and
maximize private support for essential UI programs such as student scholarships
and fellowships, endowed professorships, research projects, equipment purchases,
and building renovation and construction.
In calendar year 1997, the Foundation raised more than $97 million in
outright and deferred gifts from nearly 47,000 contributors. In its 41-year
history, the Foundation's cumulative productivity (outright gifts and deferred
gifts such as bequests and pledges to be paid in future years) exceeds
The Foundation is governed by a board of directors that elects its officers
and appoints its staff. In addition to conducting annual giving programs
for more than 30 UI colleges, departments and programs, Foundation staff
help alumni, friends and their financial advisors plan deferred gifts through
wills and trusts, as well as gifts of securities, real estate and other
property. The Foundation also assists colleges and other units with special-purpose
campaigns, such as the recent renovation of Hancher Auditorium, the campaign
for the Pappajohn Business Administration Building, and the Carver-Hawkeye