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CONTACT: STEVE MARAVETZ
5143 Westlawn
Iowa City IA 52242
(319) 335-8033; fax (319) 384-4638
e-mail: steve-maravetz@uiowa.edu
TROY K. ROSS
Roy J. Carver Charitable Trust

Release: March 6, 2002

UI asks Regents to name College of Medicine in recognition of Carver Trust support

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In recognition of $90 million in total support for the University of Iowa College of Medicine from the late Roy J. Carver, his widow Lucille A. Carver of Muscatine, Iowa, and the Roy J. Carver Charitable Trust of Muscatine -- including $63 million in gifts announced today -- the UI will ask the Board of Regents, State of Iowa, to approve naming the medical school the Roy J. and Lucille A. Carver College of Medicine. The Regents will be asked to take action on the request when they meet March 13-14 in Ames.

The request to the Regents comes in conjunction with an announcement today by the Carver Trust of a gift commitment of $63 million to support the UI medical school. It will be the largest gift ever made to the University of Iowa and will bring the Carver Trust philanthropic support for the medical school to $90 million.

Speaking on behalf of the entire university, UI President Mary Sue Coleman said she wanted to express her deepest appreciation to the Roy J. Carver Charitable Trust, to the members of its board of trustees, to executive administrator Dr. Troy Ross, and to the entire Carver family. "They have been extremely supportive of the University of Iowa throughout the years," she said. "This monumental gift in support of biomedical research, and the facilities in which that research will be conducted, leaves no doubt they are in the top rank of philanthropic entities in the world.

"By asking the Board of Regents, State of Iowa, to name our College of Medicine for Roy J. and Lucille A. Carver, we are honoring the Carvers' faith in and commitment to our university."

Troy K. Ross, Ph.D., executive administrator of the Carver Trust, said the gift was very much in the tradition of the Trust's previous support for the UI.

"The late Roy J. Carver was very committed to advancing knowledge of human disease through support for biomedical research, particularly at the University of Iowa College of Medicine," Ross said. "This sizeable grant, awarded by the Carver Trust's board of trustees, including Mr. Carver's widow, Lucille, represents a long-term investment in the college that is intended to propel its research enterprise toward an unparalleled level of excellence."

The $63 million will be provided over a period of up to 15 years and will be used as follows:

• $15 million to support pioneering research programs in the College of Medicine, to be designated as the Roy J. Carver Research Programs of Excellence. The programs will be announced later.

• $10 million for the College of Medicine Capital Improvement Program. This gift was announced earlier this year and will support the construction of the Roy J. and Lucille A. Carver Biomedical Research Building, the groundbreaking for which will be in the fall of 2002.

• $10 million for construction, renovation and support of core research facilities on the College of Medicine campus. Sixty percent of these funds will be placed in a permanent endowment and forty percent reserved for capital projects.

• $8 million to support research by individual investigators within the College of Medicine. These funds will support the Carver Medical Research Initiative Awards and Carver Collaborative Research Grants program, and one- to three-year Carver Grants on a per-invitation basis. These Carver grant programs fund highly innovative research.

•$20 million to establish research-related faculty endowments associated with specific department or division headships and professorships within the college.

Robert P. Kelch, M.D., dean of the College of Medicine and UI vice president for statewide health services, said support from the Carver Trust will have significant long-term impact on the health of Iowans and of people everywhere.

"Over the years, the Carver Trust has played an important role in the College's national and international reputation," he said. "A gift of this magnitude will elevate Iowa into the highest tier of academic medical centers.

"Today we honor the legacy of Roy and Lucille Carver by naming the college for them. Their true legacy will be in the work of our faculty, staff and students. It will be in the discoveries resulting from their far-sighted generosity. It will be in happier and healthier lives, not only of Iowans but also of people all over the world. It is impossible to overstate the importance that this type of philanthropy has for research, patient care and education."

The gift is being made to the University of Iowa Foundation, the UI's preferred channel for private support. UI Foundation President Michael New said the Carver Trust's philanthropy has reached a level rarely seen at any U.S. university.

"Gifts of this size are in a class by themselves," New said. "The Carver commitment to Iowa continues a long and stellar legacy of private support for medical research that stretches from John D. Rockefeller, who established the Rockefeller Trust, to the Robert Wood Johnson Foundation to the Howard Hughes Medical Institute.

"Iowa is truly blessed to have the Carver Trust and the Carver family as supporters," New said. "We are grateful and humble as a result of their faith and trust in us."

Muscatine businessman and philanthropist Roy J. Carver, who died in 1981, and his wife, Lucille A. Carver, were generous University of Iowa contributors during Mr. Carver's lifetime. Their first UI gift was made in support of student aid in 1969; their gifts grew over the years to total nearly $9 million in support for UI programs ranging from the Museum of Art, to athletics, to the College of Medicine and University of Iowa Hospitals and Clinics.

The Roy J. Carver Charitable Trust, founded after Mr. Carver's death, has been providing crucial support to UI biomedical research initiatives for more than 15 years. The Trust's support is visible throughout the UI medical campus -- in the Carver Pavilion in UI Hospitals and Clinics, the Roy J. Carver Molecular Science Research Center (now under construction), the laboratories of several renowned UI scientists who make groundbreaking discoveries as Roy J. Carver Endowed Chairs in biomedical research, and within the halls of the Hardin Health Sciences Library.

This gift also represents a continuation of the Trust's support of the university as a whole. In recent years alone, major gifts from the Carver Trust have supported UI initiatives as varied as Hancher Auditorium outreach in eastern Iowa, a "Reading Recovery" program sponsored by the UI College of Education, the Nonprofit Resource Center in the College of Law, digital technology for the UI Libraries, the Mississippi River Research Station, and the new Center for Comparative Genomics in the Department of Biological Sciences, College of Liberal Arts and Sciences. With its current commitment to the College of Medicine, the Carver family and the Carver Trust's support for the University of Iowa totals approximately $106 million.

This Carver Trust gift is part of the university's planned comprehensive campaign to advance the UI's strategic goals for the years 2000-2005. The campaign, which is in its early stage and for which no final dollar goal has been established, is being conducted under the guidance of the UI Foundation and will raise funds to support new educational and research facilities. It will substantially increase the number of UI scholarships and endowed faculty chairs and professorships; fund outreach and service programs to benefit individuals, families and communities throughout the state of Iowa; build the UI's endowment; and launch new initiatives in the arts, sciences, business, health care and other fields. The UI Foundation is the preferred channel for private contributions to all areas of the university.

For more information about the Carver Trust gift and the UI College of Medicine, visit the UI Health care web site at www.uihealthcare.com/news. For more information about the UI Foundation, visit its web site at www.uiowafoundation.org. For more information about the Roy J. Carver Charitable Trust visit www.carvertrust.org.

University of Iowa Health Care describes the partnership between the UI College of Medicine and the UI Hospitals and Clinics and the patient care, medical education and research programs and services they provide. Visit UI Health Care online at www.uihealthcare.com.