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University of Iowa Foundation News Release

May 20, 2003

UI Foundation Receives $125,000 Gift from John Deere Foundation

The University of Iowa Foundation has received a $125,000 contribution from the John Deere Foundation to support projects in the UI colleges of business, engineering, public health and liberal arts and sciences, and in the computer science and accounting departments. The funding is designated for scholarships, particularly for minorities and women, and for student and faculty development.

UI President David J. Skorton visited with Deere officials at Deere & Company's headquarters in Moline, Ill., yesterday to thank them for their support of the university.

"The Deere Foundation's steadfast support provides University of Iowa students an opportunity to pursue academic excellence as they prepare to become the business leaders of tomorrow," Skorton said. "The University is extremely grateful to Deere for its partnership"

The UI has received funding for 39 consecutive years from Deere, as the two organizations have continued in their commitment to the development of women and minorities in business and technologies. The contributions provide scholarship funding to assist in recruiting some of the best and brightest women and minority scholars.

"Through this charitable gift, the John Deere Foundation continues to express its support for the University of Iowa," said James H. Collins, Deere & Company's director of community relations. "Through these charitable gifts, the Deere Foundation has encouraged the university to continue in its efforts to develop professional leaders for the future of private enterprise."

The John Deere Foundation has also provided funding for other UI programs. For example, it provides sponsorship of the business-writing program at the Tippie College of Business. Additionally, John Deere has been involved with the university in research, development and leadership support.

The John Deere Foundation, the philanthropic foundation of Deere & Company, invests in programs in education, health and human services, community improvement, and arts and culture.

The John Deere Foundation's gift is part of the university's $850 million comprehensive campaign--named "Good. Better. Best. Iowa: The Campaign to Advance Our Great University"--which will run through 2005 and is being conducted under the guidance of the UI Foundation. The seven-year effort is raising private funds to help launch a variety of initiatives across the university, substantially increase the number of UI scholarships and endowed faculty positions, support new educational and research facilities, build the UI's endowment and fund outreach and service programs to benefit Iowans.

The UI Foundation is acknowledged by the UI as a preferred channel for private contributions that benefit all areas of the university. For more information about the "Good. Better. Best. Iowa" campaign, visit its web site at www.GoodBetterBestIowa.org.

STORY SOURCE: UI Foundation, P.O. Box 4550, Iowa City, Iowa 52244-4550

MEDIA CONTACT(S): Erin Minne, assistant vice president, corporate and foundation relations, 319-335-3305 or 1-800-648-6973 erin-minne@uiowa.edu. Editor: Forrest Meyer