The University of Iowa
The University of Iowa News Services Home News Releases UI in the News Subscribe to UI News Contact Us

 

CONTACT: ANDY PIRO
Director of Development
Intercollegiate Athletics, Endowment
UI Foundation News
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973

Release: March 12, 2002

UI athletics gift to benefit Iowa high school football players

A record-setting gift of $2.8 million to the University of Iowa Foundation for support of the UI athletics program will give generations of Iowa high school football players incentive to stay in their home state for their higher education and college football careers.

Arthur E. Stanley's gift establishing the Arthur E. Stanley Football Scholarship Fund is the largest athletics-scholarship gift ever made to the UI, and the second-largest gift to UI athletics overall. Approximately 14 Stanley scholarships, specified for student-athletes from Iowa, are projected to be awarded each year out of earnings from the endowed fund.

UI Director of Athletics Robert A. Bowlsby called the Stanley gift a "milestone in private support for UI athletics."

"Arthur Stanley's generous gift will help Head Coach Kirk Ferentz build upon Hawkeye football's momentum after their terrific Alamo Bowl win in 2001. And it frees up crucial resources that can be used for equipment and facility upgrades, student-athlete support services, sports medicine and nationwide recruiting efforts," Bowlsby said. "Mr. Stanley has been a loyal friend of the Hawkeyes for decades. Now he has demonstrated his commitment to helping young Iowans get a quality UI education and bring their talents to Iowa football in a most meaningful way."

Stanley, a UI graduate, lives in Gainesville, Fla., with his wife, Elaine. He was born in Corning, Iowa, and graduated from the UI in 1931 with a B.S.C.E. degree from the College of Engineering. While at the UI, he was a track letter winner under legendary coach George Bresnahan. Stanley was a co-founder of Stanley Consulting Inc., a worldwide engineering firm headquartered in Muscatine, Iowa, and he was a partner in the company for many years. He served in the infantry in World War II and reached the rank of colonel in the Air Force Reserves.

The Stanley gift is part of the Hawkeye Visions Endowment Program, which seeks to endow all scholarships in all UI sports. The National Collegiate Athletics Association allows the UI to offer 85 football scholarships each academic year. These scholarships are paid for by the UI Athletics Department, unless endowed through private support. When a scholarship is endowed, as with the Stanley scholarships, part of the interest earned annually from the endowment fund covers the costs of the scholarship. Before the Stanley scholarships, the UI had 21 endowed football scholarships.

This $2.8 million gift follows more than 40 years of consecutive giving by Stanley to the UI Foundation for support of Iowa athletics. Stanley is a member of the Presidents Club of the University of Iowa, which recognizes the UI's most generous contributors, and of the Kinnick Society, the highest level of annual giving to UI athletics.

The only larger gift to the UI Athletics Department was made by Roy G. Karro, of Southfield, Mich., for whom the UI's new Roy G. Karro Hall of Fame and Visitors Center building, now under construction, will be named. Karro gave $3 million to that project.

Stanley's gift is also 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 stages 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 student, faculty, research and facilities initiatives throughout the University of Iowa.

The UI Foundation is the preferred channel for private contributions to all areas of the university. For more information about the UI Foundation, visit its web site at www.uiowafoundation.org.