December 12, 2003
'Investing in People' campaign surpasses $50 million goal
A two-year initiative to secure private support for Iowa State faculty and
students is now complete. The "Investing in People" effort, which President
Gregory Geoffroy announced at his installation on
Oct. 6, 2001, surpassed its $50 million goal.
Of the $51.5 million in commit-ments to date, donors have designated $39.7
million for student support and graduate student fellowships, and another
$11.8 million for faculty support through chairs, professor-ships and
faculty fellowships. A portion of the Investing in People commitments will
be realized in future years through deferred gifts.
Most of the funds raised --
$44.6 million -- are specified by the donors as endowed gifts, which will
provide a perpetual source of funding. The other $6.9 million are
expend-able, one-time-use dollars.
Investing in People funds designated for faculty will support
11 existing and six new chairs and professorships, and two new faculty
fellowships at Iowa State. Donor-designated funds for students were directed
to 577 existing accounts and created 172 new student support accounts.
Private support for faculty positions enables Iowa State to
attract and retain the nation's most outstanding scholars. These funds
supplement the faculty member's salary or provide assistance for research,
graduate assistants, scholarly travel or other purposes.
"The difference between a good university and a truly great university is
the people," Geoffroy said. "Iowa State has great students and faculty, and
increased private support for them is the key to attracting and retaining
such outstanding people. These funds will create important opportunities for
our students and faculty and will keep Iowa State on track in its aspiration
to become the best university in the nation in fulfilling its land-grant
"We've reached a significant milestone for the future of Iowa State," noted
Dan Saftig, president of the ISU Foundation. "Although this initiative is
now complete, we must continue to focus on gifts for faculty and students,
especially in light of tuition increases and budget cuts."
The need for more private undergraduate scholarship support continues. Last
year, more than
70 percent of Iowa State under-graduate students had financial assistance
needs. Only 28 percent of those needs could be met by scholar-ships or
grants. Much of the rest typically is made up by loans and work study
programs, which the state of Iowa also has cut in recent years.
Ames, Iowa 50011, (515) 294-4111
Published by: University Relations,
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