CONTACT: ALAN SWANSON
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
UI Foundation elects officers, executive committee, lifetime honorary
IOWA CITY, Iowa -- At its October meeting in Iowa City, the board of
directors of the University of Iowa Foundation elected the following officers
for 1998-99: David J. Fisher, West Des Moines, chair; Carroll J. Reasoner,
Cedar Rapids, and Robert W. Verhille, Solon, vice chairs; Michael J. New,
Iowa City, president; Alan L. Swanson, Iowa City, vice president, communications
and administration, and secretary; and Larry C. Bruse, Iowa City, treasurer.
The volunteer board broadly oversees the fund-raising policies, activities,
and stewardship of gifts to the UI Foundation, which last year received
nearly $52 million in outright support for the UI from approximately 47,000
contributors. The foundation's endowment pool is approximately $350 million
and total assets are approximately $550 million.
The UI 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 resources for professorships, scholarships, building
renovations, equipment, technology, and other forms of support for the
Elected to the foundation board's executive committee for 1998-99 were:
Fisher, Reasoner, Verhille, and James C. Hanson, Moline, Ill.; Charles
M. Kierscht, Hinsdale, Ill.; Jill N. McLaughlin, Moline, Ill.; and Marvin
C. Pomerantz, Des Moines. UI President Mary Sue Coleman is an ex officio
member of the executive committee.
Elected as Lifetime Honorary Directors in honor of their many years
of service on the board were John W. English, Summit, New Jersey, and Wallace
J. Sulentic, Waterloo. English had served four three-year terms and Sulentic
had served six three-year terms. Both had held a number of leadership positions.
The UI Foundation, a nonprofit organization incorporated in 1956 as
the university's preferred channel for private gifts, assists a broad range
of university programs, projects, and academic units through its fund-raising