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University of Iowa Foundation News Release

Oct. 3, 2003

Note: See related article here.

University of Iowa Fund-Raising Campaign Passes $660 Million Mark

A little over two-thirds of the way into its comprehensive campaign -- known as "Good. Better. Best. Iowa" -- the University of Iowa has garnered more than three-quarters of the private gifts it needs to reach its $850 million goal, UI Foundation officials announced today.Students, faculty, alumni and others served by the UI are already experiencing the benefits of the more than $660 million in gifts and pledges received to date. Those gifts translate into new scholarships, new endowed faculty positions and six new buildings. Scores of research and other programs campus-wide also are being supported by campaign gifts, said Michael New, president of the UI Foundation, which is conducting the campaign on behalf of the university.

"There's no secret to the campaign's dramatic progress so far," New said. "It takes a university that people believe in, with top-ranked programs and the vision to become one of the very best. And it takes a lot of hard work and long hours on the part of dedicated volunteers and staff, particularly the UI president and deans. We're fortunate to be able to offer opportunities for support that appeal to a broad range of alumni and friends who understand the value of this university to the state, the nation and the world."

Among those opportunities, New said, are projects that fall within the campaign's six major goal areas: support for students (70 percent toward goal), faculty and staff (43 percent toward goal), new and renovated facilities (63 percent toward goal), programming such as research and the arts (111 percent toward goal), unrestricted resources (30 percent toward goal) and core support (77 percent toward goal). [See related article here.]

"Behind each of these statistics are hundreds of students, faculty, staff and others who have benefited from the generosity of our contributors," said UI President David Skorton. "I'm particularly pleased by the number of students we've been able to assist with newly created need- and merit-based scholarships, which will become an even greater area of focus in the remaining years of the campaign."

According to foundation officials, since the campaign began in January 1999, for example, campaign gifts for student support (more than $107 million to date) have created 60 new Presidential Scholarships and have doubled the amount of private funding available for UI-wide scholarships.

"We're also going to redouble efforts to support our faculty, particularly those rising stars whose teaching and research skills can grow exponentially with the philanthropic investment of alumni and friends," Skorton continued. One of the campaign's featured priorities is to create a minimum of 100 new endowments to support faculty; 76 such funds have been created to date.

In addition to directly benefiting individual students and faculty, the campaign is changing the face of the UI campus. The private funding component for six new building projects -- totaling more than 440,000 square feet of classroom, lab and public spaces -- has been completed, with eight more facilities on the campaign's to-do list between now and the end of 2005. At least two of those facilities -- the Adler Journalism and Mass Communications Building and a new building for the School of Art and Art History -- will provide much-needed space for the College of Liberal Arts and Sciences.

"It would be difficult to overstate how much these new facilities will mean to the college," said liberal arts and sciences dean Linda Maxson. "Particularly in the area of communications, where technology is changing so rapidly, our students need to have access to the same equipment they're going to find in professional news organizations when they graduate. The new Adler Building will provide the sort of educational environment our students need to succeed.

"The same is true for the arts," she continued. "Mixed media represents today's creative cutting edge, bringing together the visual and performing arts in wonderfully inventive ways. Our new Art and Art History Building -- itself a major work of art, designed by world-renowned architect Stephen Holl -- will assure that the UI stays at the forefront of the arts, and this new facility is among our highest fund-raising priorities for the remainder of the campaign."

New said that "giant steps" have been made in what he describes as "the largest and most successful fund-raising campaign in state and university history," but he stressed that more needs to be done before the campaign can declare victory at the end of 2005.

"Although the economy is starting to show signs of recovery, and our contributors remain supportive," said New, "we still have a number of important campaign objectives to achieve -- including funding for the Art and Art History Building and for units serving the university as a whole, such as the UI Libraries and the Graduate College.

"This campaign already has had a significant impact on the UI," he continued, "but we want alumni and friends to know that there are still many exciting UI programs and initiatives to which their gifts can make a tremendous difference."

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: The UI Foundation, 500 Levitt Center for University Advancement, Iowa City, Iowa 52244-4550.

CONTACT: Michael New, President, UI Foundation, 319-335-3305, michael-new@uiowa.edu. Writer: Susan Shullaw.

PHOTOS/GRAPHICS: Photos for this story are available for downloading
at http://www.uifoundation.org/news/2003/photos.shtml.