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CONTACT: GEORGE McCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
e-mail: george-mccrory@uiowa.edu

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 Business Building.)

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 Whittemore, Iowa.

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, Texas.

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, Pat’s 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.