CONTACT: DAVID DIERKS
Assistant Vice President, Principal Gifts
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973
Release: Jan. 21, 2000
Cedar Rapids couple leaves $1.4 million to UI for scholarships
IOWA CITY, Iowa -- An estate gift valued at $1.4 million from a Cedar Rapids
couple will help support scholarships and other programs at the University
of Iowa. According to the UI Foundation, the bequest from longtime teachers
Albert and Mildred "Ruth" Lindsay will endow a UI Presidential Scholarship,
helping ensure that the UI continues to attract the best and brightest high
school graduates. A portion of the gift will also provide unrestricted support
for the UI as a whole.
"We are very grateful to the Lindsays, who have memorialized their
love for education with a legacy that will benefit UI students for generations,"
said UI Foundation president Michael New.
Presidential Scholarships are the most prestigious form of student financial
assistance offered by the UI. They are awarded competitively to select first-year
students who ranked in the top five percent of their high school graduating
class and who had a composite score on the ACT college entrance examinations
of 30 or above. Each scholarship, which requires an endowment of $1 million,
covers full tuition and fees for four years.
The Lindsays each had long careers as educators. Ruth Lindsay, a native
of Washington, Iowa, who earned a B.A. degree at the university in 1934, taught
in the Cedar Rapids schools for 43 years before her death in 1993. Albert
Lindsay, a Cedar Rapids native who died in December 1998, received an M.A.
degree at Iowa in 1948. He was superintendent of the Monroe Township Schools
and also taught in Toddville, Iowa. He finished his career as an employee
of the City of Cedar Rapids. The Lindsays had no immediate family.
R. P. "Dick" Minette, senior trust officer of Norwest Bank Iowa
in Cedar Rapids, said that staff members of one of Norwest's Cedar Rapids
branches near Albert Lindsay's home came to regard Lindsay fondly in the final
years of his life. When Lindsay needed help with his financial affairs, the
bank acted as his conservator and later as the executor of his estate.
"Many Norwest employees assisted Albert with both his financial and
physical needs, including coordinating the delivery of meals to his home.
We knew it meant a great deal to him to provide this support for the university,
which was so important to him," Minette said.
The University of Iowa 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 support for scholarships, professorships,
facilities improvements, equipment purchases, research funds, and other support
for the UI.