UI graduates' $1 million gift to benefit pharmacy and business colleges
A $1 million gift from University of Iowa graduates Tom and Debbie Veale of Palos Verdes Estates, Calif., will endow a professorship in the UI College of Pharmacy and enhance risk management and insurance education in the UI Henry B. Tippie College of Business.
The Veales made their gift to the UI Foundation in concert with Tristar Risk Management, an insurance services firm that Tom Veale founded in 1987. Tristar, one of the nation's largest independent third-party claims administrators, is based in Long Beach, Calif.
The Deborah K. Veale Professorship in Healthcare Policy and Quality in the UI College of Pharmacy will be funded by $750,000 of the Veales' gift. The Veale Professorship will provide support for a faculty member to help UI pharmacy students become community-minded pharmacists who take seriously their leading role in determining the quality of health care in the future.
The remaining $250,000 will create the Tristar Excellence Fund in the Vaughan Institute of Risk Management and Insurance in the Tippie College of Business. This fund will provide the Vaughan Institute with general support and will annually support a Tristar Risk Management Fellow.
"We are extremely grateful to the Veales for their most generous gift," said Donald E. Letendre, dean of the UI College of Pharmacy. "The Veale Professorship in Healthcare Policy and Quality will greatly augment the leadership role that our college has established in this critically important area of study. Ultimately, our students and those whom they will eventually serve will be the true beneficiaries of their generosity."
Debbie Veale, who graduated from the UI in 1981 with a B.S.P.H. degree in pharmacy, is a regional director for CVS/pharmacy. Tom Veale graduated from the UI business college in 1980 with a degree in accounting. He is the president of Tristar Risk Management.
"Our goal for the Veale Professorship in Healthcare Policy and Quality is to actively involve the pharmacy profession in the creation of health care polices that will benefit our practice settings as well as our patients," Debbie Veale said. "Tom and I both feel very strongly that the University of Iowa provided us with an exceptional education that not only prepared us for the business world as new grads but also gave us a great foundation to grow in our careers."
William C. (Curt) Hunter, dean of the UI Henry B. Tippie College of Business, said, "We are most grateful to Tom and Debbie for this visionary, multifaceted gift for the Vaughan Institute. The unrestricted support for the Vaughan Institute provides the operating capital to continue to build this program, and the Tristar Risk Management Fellowship will allow one of our promising young faculty members to advance our knowledge and teaching capacity in the fields of insurance and risk management. This benefits not only our students and this field of study but the risk management industry as well."
The UI acknowledges the UI Foundation as the preferred channel for private contributions that benefit all areas of the university. For more information about the UI Foundation, visit its Web site at http://www.uiowafoundation.org.
PHOTOS: A high-resolution image of Tom and Debbie Veale is available at http://www.uifoundation.org/news/2008/images/sep-veale-highrez.jpg.
STORY SOURCE: UI Foundation, P.O. Box 4550, Iowa City, Iowa 52244-4550
MEDIA CONTACT: Susan Shullaw, UI Foundation, 319-335-3305 or 800-648-6973, firstname.lastname@example.org; Writer: Forrest Meyer