CONTACT: GEORGE McCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: April 2, 1999
(Editors note: Henry Tippie will be available for comment
at a press conference at 11:30 a.m. Friday, April 9 in Room C150 of the Pappajohn
College of Business plans April 9 event to celebrate
$30 million gift from Tippie
IOWA CITY, Iowa -- On Friday, April 9 the University
of Iowa College of Business will celebrate the naming of the college after
a special friend and alumnus, Henry B. Tippie.
The naming event, which begins at 2 p.m. in the Buchanan
Auditorium (Room W10) of the John Pappajohn Business Building, formally marks
the naming of the college in honor of Tippie, whose past, present, and future
support to the UI through the UI Foundation will exceed $30 million.
"We want to publicly acknowledge the tremendous impact
that Patricia and Henry Tippie's generosity will have on this college, its
faculty and its students for many years to come," said Gary Fethke, dean of
the Henry B. Tippie College of Business. The gift will mean greater opportunities
for undergraduate business students through scholarships, as well as enhancement
of teaching and research through endowed professorships and chairs, he added.
UI President Mary Sue Coleman announced the gift at
the Feb. 18 meeting of the Iowa State Board of Regents.
The April 9 program includes comments from Tippie,
Fethke, Iowa Board of Regents member David Fisher, UI President Mary Sue Coleman,
and Michael New, president of the UI Foundation. Sheena Simonson, a junior
accounting major and recipient of a Tippie-funded scholarship, will also speak.
"Just knowing that somebody cares enough about my
education and about students makes me want to work even harder because there
are people who have an interest in my success," said Simonson, a native of
Tippie's life and contributions will be featured in
a special multi-media presentation produced by the business school's Stead
Advanced Learning Technologies Center.
The gift is the fifth
largest by an individual to a U.S. business school and the largest individual
gift to the UI. The Henry B. Tippie College of Business is the first academic
division at the UI to be named.
Tippie, a 1949 accounting graduate of the UI, is vice
chairman of the board and chairman of the executive committee of Rollins Truck
Leasing Corp. and has a major interest in other multi-million dollar companies.
Tippie, 72, was born on a farm near Belle Plaine, Iowa, and now lives in Austin,
His past gifts to the College of Business include
scholarships, professorships, an endowed research chair in accounting, as
well as support for the Tippie Auditorium, Pats Diner and an adjacent
student lounge in the John Pappajohn Business Building. With Henry Royer,
former president of Firstar Bank in Cedar Rapids, Tippie also endowed the
Henry Fund, a real-money investment management program for MBA students.
The UI community and the general public are invited
to attend the celebration. For more information, contact the dean's office
in the Henry B. Tippie College of Business (319) 335-0862.