INSIDE IOWA STATE
July 20, 2001
ISU Foundation to purchase NFO building
by Barbara Dietrich Boose, ISU Foundation
The Iowa State University Foundation plans to purchase the National Farmers
Organization (NFO) building, 2505 Elwood Dr. "The new facility will enable
the foundation to respond to the university's increasing need for private
gift support," said Arend Sandbulte, chair of the foundation's board of
directors. "It also will provide the university more space in the Memorial
The NFO has accepted the foundation's offer, subject to satisfactory
inspections over the next 60 to 90 days. The foundation also will vacate
space it rents at 2300 Lincoln Way. The foundation expects to occupy the NFO
building by late June 2002.
"Iowa State University has had an increased need for private gift support in
recent years, and that need will only grow," Sandbulte said. "Our foundation
staff will also grow to serve this need and engage donors in the life of the
"We certainly can use additional space in the Memorial Union for
student-related services," said Warren Madden, vice president for business
and finance. "The future uses of space currently occupied by the foundation
will have to be discussed with student leaders and the Memorial Union's
The foundation's board identified increased space as a priority in its
strategic planning process over the past two years. In consultation with
university administrators, the board encouraged foundation leaders to
The NFO building is south of The Hotel at Gateway Center, which is owned by
the foundation. Proximity to Gateway will better serve donors and reduce the
foundation's need to create extensive meeting facilities in the NFO
building, Sandbulte said.
A small number of private donors who have expressed interest in improved
foundation facilities will provide the funds to purchase the NFO building.
The purchase price is $2.85 million.
Foundation development officers who serve Iowa State's eight colleges and
other affiliated units will continue to have offices in the units they
serve, said Thomas Mitchell, president of the ISU Foundation.
"During our discussions with deans and directors, we all shared the belief
that development officers need to be intimately familiar with the priorities
and activities of the colleges and departments to be successful," he said.
Ames, Iowa 50011, (515) 294-4111
Published by: University Relations,
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