WRITER: BARBARA THOMAS
CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Sept. 30, 2002
Business alumni fund Horatio Alger Iowa Scholars Program
Photo left to right: Henry B. Tippie, John Pappajohn, Marvin Pomerantz
prominent alumni from the Henry B. Tippie College of Business at the University
of Iowa have funded a new scholars program through the Horatio Alger Association
that will provide scholarships to 70 Iowa high school seniors. Each of the
Horatio Alger Scholars will receive a $3,000 scholarship to attend the UI.
The three alumni, John Pappajohn, Marvin Pomerantz, and Henry B. Tippie, are
all members of the Horatio Alger Association and alumni of the Tippie College
"These young Iowans are an outstanding group of young achievers. They
truly represent some of the best that Iowa has to offer," says Henry
Tippie. The 70 students are seniors from all parts of the state of Iowa who
have exhibited integrity and perseverance in overcoming personal adversity
and who aspire to pursue a higher education at the UI. Among the students
were many stories of courage, struggle and kindness far beyond their years.
Additional criteria for the scholarship include critical financial need, involvement
in co-curricular activities and residency in Iowa.
"These young people have had to work hard to overcome some incredible
circumstances in their lives," states Marvin Pomerantz. "We want
to help them achieve their dream of getting a college education."
This is the first year of the Horatio Alger Iowa Scholars program and many
of the scholars applied for their awards online. Applications for the 2003
Horatio Alger Iowa Scholarships are available online at http://www.horatioalger.com/scholarships/index.cfm
or from high school guidance counselors. Applications for 2003 scholarships
will be accepted through Oct. 15, 2002.
According to John Pappajohn, "The Horatio Alger Association has proven
itself by helping some of the young people who need it most across the country,
not only with scholarships but with financial and educational counseling."
Remarking on the generosity of John Pappajohn, Marvin Pomerantz, and Henry
B. Tippie, Horatio Alger President Walter Scott said, "These gentlemen
are serious about their commitment to the success of Iowa students. They clearly
understand the value of investing in our children's education
the time to listen and encourage their hopes and dreams."
The three alumni are all prominent supporters of the Tippie College of Business
and the UI. Both Pomerantz and Pappajohn serve on the College's Board of Visitors
and the University of Iowa Foundation's Board of Directors.
Pappajohn, who earned his bachelor's degree in commerce from the UI in 1952,
is a 1995 recipient of the Horatio Alger Award and president of Equity Dynamics,
Inc. Pomerantz, who earned his bachelor's degree in commerce from the UI in
1952, received his Horatio Alger Award in 2000. He is the chairman and CEO
of Mid America Group Ltd. Henry B. Tippie, who earned his bachelor's degree
in commerce from the UI in 1949, is a 1996 Horatio Alger Award recipient.
He is the chairman of the board of Dover Motorsports, Inc. and Dover Downs
Gaming & Entertainment, Inc.
The Horatio Alger Association is a non-profit educational association providing
more than four million dollars in need-based scholarships around the country
each year. For more information on the Horatio Alger Association of Distinguished
Americans, visit www.horatioalger.com.