/fall05 by Iowa State University Foundation

FALL/WINTER 2005

Connections For Friends of the Iowa State University Foundation

Inspiring Stories of Private Support at Iowa State

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ANNUAL REPORT

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CANCER RESEARCH

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STUDENT SUCCESS CENTER

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ALUMNI CENTER

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Connections

Continuing Our Momentum

FALL/WINTER 2005

ast year was a very good year for Iowa State in so many ways, and it gives us great momentum as we pursue an ambitious agenda this year, including the planning for what will be the largest fund-raising campaign in Iowa State’s history!

Connections is published three times per year by the Iowa State University Foundation—a private, non-profit corporation dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. This magazine serves as a link between Iowa State and benefactors who support the university. You are receiving this publication as an important member of the Iowa State family. We welcome your comments, suggestions and questions.

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

Iowa State University Foundation Office of Communications 2505 Elwood Drive Ames, Iowa 50010-8644 Phone: 515-294-4607 Toll Free: 866-419-6768 Web: www.foundation.iastate.edu E-mail: questions@foundation.iastate.edu The Iowa State University Foundation does not discriminate on the basis of race, color, age, religion, national origin, sexual orientation, gender identity, sex, marital status, disability, or status as a U.S. veteran. Any persons having inquiries concerning this may contact human resources, ISU Foundation, 515-294-4607.

Lyle P. Campbell Paradise Valley, Ariz.

Owen J. Newlin Des Moines, Iowa

Sandra L. Davis, Vice Chair Edina, Minn.

Steven T. Schuler, Treasurer Urbandale, Iowa

Gregory L. Geoffroy Ames, Iowa

James P. Stein Muscatine, Iowa

Cara K. Heiden, Chair Urbandale, Iowa

Sheryl K. Sunderman Dallas, Texas

Labh S. Hira Ames, Iowa

Roger C. Underwood Ames, Iowa

Sharon L. Juon Waterloo, Iowa

David W. Van Wert, Secretary Sun City West, Ariz.

Gerald A. Kolschowsky Oak Brook, Ill.

Marvin J. Walter Ames, Iowa

Joanne M. Kuster Johnston, Iowa

Stephen L. Watson South Natick, Mass.

Robert E. McLaughlin Arlington, Va.

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

Daniel P. Saftig, president Debra Engle, vice president of development Lisa Eslinger, vice president of finance Shaun Keister, vice president of development outreach Kevin Stow, director of human resources and governance

We are very grateful for the tremendous generosity of our friends and alumni who made fiscal year 2005 one of our best ever. Last year, our private support grew to $83.2 million in new gifts and future commitments, and the number of donors to the university grew to 55,279, which is a new record! And most importantly, we were the recipient of muchneeded private support for our faculty, students, programs and facilities. Through their generosity, donors established 10 new endowed chairs, professorships and faculty fellowships as well as 92 new scholarships and graduate fellowships. Great stories from the past year include a $10 million gift

to endow programs to help developing nations create a sustainable livelihood, donors committing $10 million to establish an academic resource center for Iowa State students, and successful fundraising for a new home for the ISU Alumni Association—all made possible due to private support. Alumni and friends are supporting Iowa State in record numbers because they believe in what is taking place at this university—faculty, staff and students working to build a bright future for the next generation of our country’s leaders. While the past year has been very successful, many of you have heard me outline Iowa State’s ambitious goals for the future that began with our new strategic plan for 2005-2010. We have much work to do, and support from friends like you will be absolutely critical to achieving our goals. We are in the process of finalizing plans for Iowa State’s next comprehensive fund-raising campaign. It will be a bold initiative— Iowa State’s largest ever. We must find the resources to attract and retain the best and brightest students and faculty, and to build and improve facilities that will

55,279 donors

enhance learning and provide environments for students and professors to do their very best work. And we must continue to make Iowa State that very special place to live and learn for our students. In the coming months, you will be hearing more about this plan. Moving forward is exciting, challenging and inspiring. But what makes it all the more wonderful is the great family of Iowa State alumni and friends that is working with us. Thanks to you, this is a great time to be at Iowa State. Just watch what we can accomplish together! ▼

GREGORY L. GEOFFROY PRESIDENT IOWA STATE UNIVERSITY

$83.2 million

Connections

Continuing Our Momentum

FALL/WINTER 2005

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

Lyle P. Campbell Paradise Valley, Ariz.

Owen J. Newlin Des Moines, Iowa

Sandra L. Davis, Vice Chair Edina, Minn.

Steven T. Schuler, Treasurer Urbandale, Iowa

Gregory L. Geoffroy Ames, Iowa

James P. Stein Muscatine, Iowa

Cara K. Heiden, Chair Urbandale, Iowa

Sheryl K. Sunderman Dallas, Texas

Labh S. Hira Ames, Iowa

Roger C. Underwood Ames, Iowa

Sharon L. Juon Waterloo, Iowa

David W. Van Wert, Secretary Sun City West, Ariz.

Gerald A. Kolschowsky Oak Brook, Ill.

Marvin J. Walter Ames, Iowa

Joanne M. Kuster Johnston, Iowa

Stephen L. Watson South Natick, Mass.

Robert E. McLaughlin Arlington, Va.

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

55,279 donors

GREGORY L. GEOFFROY PRESIDENT IOWA STATE UNIVERSITY

$83.2 million

A Vision for Every Student to Succeed xcitement grows across campus. The lives of students who enter the new Hixson-Lied Student Success Center could change forever. That vision—build it and they will come to take advantage of counseling, tutoring, testing and much more— encompasses each and every student at Iowa State.

ention of the name Max Wortman, distinguished Iowa State professor of management, immediately generates praise. Students and associates alike call him an amazing person, a caring professor, a great mentor and an exemplary role model who would always offer words of encouragement and advice.

The new $10 million center, to be completed along Beach Road in March of 2007, provides extensive academic services and a much-anticipated sense of community. Any Iowa State student can use the resource library, computer labs, individual and group study rooms and meeting and classroom spaces. Prospective students and their families will take comfort in many new resources, including help for demanding schedules and succeeding in large lecture courses. The center will house the Christina Hixson Opportunity Awards Program. In addition, student-athletes can come to the second floor Rod and Connie French Athletic Academic Center for customized academic support. “This center is the result of alumni and friends coming together to do something meaningful for ISU students,”

To everyone who knew him, Max was a dynamo of energy and enthusiasm, never content with the status quo. He was a genuine person who always spoke his mind, with a great passion for Iowa State University (his alma mater) and a strong sense of advocacy for students and colleagues. Because he was so dedicated

The “Happy Wanderer” Lives On

An architect’s rendering of the new Hixson-Lied Student Success Center from the southeast view (top photo) and northeast view (bottom photo).

says Iowa State University President Gregory Geoffroy. “It will help students through their academic and life journeys at Iowa State. “This building will be visible, inviting and accessible...so we want students to come here early and come here often. The entire student body will benefit.” Christina Hixson, a Clarinda, Iowa native, is the sole trustee for the Ernst F. Lied Foundation Trust, which has generously

pledged $5 million for this project. Since 1995, the Christina Hixson Opportunity Awards— also to be housed in the new center—have supported up to 400 ISU undergraduate students each year with financial assistance. Des Moines couple Rod and Connie French, long-time supporters of Cyclone athletics and the Cyclone hockey program, committed $1.5 million to establish the athletic academic center. ▼

Max Wortman

to his profession, and especially to his award-winning work with national and international business organizations, retirement from the teaching Max loved was not an option for him. At age 72, he suffered a stroke just hours after finishing his evening business management class and passed away later that night. Now, thanks to a generous gift from his wife, Cora, the Max Wortman legacy will live on. She has established the Max S. Wortman, Jr. Endowed Professorship to honor Max and his devotion to higher education in the field of management. “Colleagues around the world called him the Happy Wanderer,” says Cora, “and his enthusiasm for book knowledge and love of student interaction allowed him to teach for 49 years.” The professorship encourages excellence in teaching, research and service through faculty and graduate student

Max received his doctorate from the University of Minnesota in 1962.

mentoring. It seeks to instill a desire for learning in undergraduates through innovation and the enthusiasm for teaching that so characterized Max throughout his career. Paula Morrow, ISU professor of management, is the first recipient of the Wortman Professorship. In this new position, her teaching and research will benefit from exposure to the international business arena. “We are encouraging Paula to get involved in worldwide business organizations in the spirit of the gift, especially given Max’s national and international involvement,” said Labh Hira, dean of the College of Business. “This new professorship will help the entire department move forward, Dean Hira said. “Endowed positions are made possible by private support, and are very important to attract and retain the best faculty at ISU. We’re very appreciative of the Wortman family. This is a great legacy for Max and his commitment to teaching.” ▼

The “Happy Wanderer” Lives On

An architect’s rendering of the new Hixson-Lied Student Success Center from the southeast view (top photo) and northeast view (bottom photo).

Max Wortman

Max received his doctorate from the University of Minnesota in 1962.

Carver Trust Gift Funds Cancer Treatment Research magine a magnifying glass focusing enough sunlight energy to burn a dry leaf. That’s the way Viren Amin, a scientist in the Center for Nondestructive Evaluation and the adjunct assistant professor at the department of electrical and computer engineering at Iowa State, describes the potential impact of his work with imageguided high intensity focused ultrasound (HIFU).

Thanks to a generous gift of $350,000 from the Roy J. Carver Charitable Trust, Amin, his colleagues at Iowa State and researchers from the University of Iowa will study HIFU as a novel, non-invasive “surgical” approach to cancer therapy. The Carver Trust has been a long-time supporter of scientific study at Iowa State. The organization is one of Iowa State’s leading donors with a lifetime giving to the university in excess of $16 million. Areas of giving have included agriculture, engineering, scholarships, library and the lead gift to the Roy J. Carver Co-Laboratory. The Carver Trust is the largest private foundation in the state of Iowa. “The trust has historically emphasized support for scientific and biomedical research

that offers the potential to better understand and treat the causes of human disease,” said Troy Ross, executive administrator of the Carver Trust. “The work proposed by Dr. Amin aligns well with those interests by focusing on innovative technologies that are testable, reproducible and, once fully developed, may result in profound changes to the way many cancers and other medical conditions are managed.” The two-year HIFU project will lead to the development of tools and technology to

produce a non-invasive, trackless, painless and bloodless focus on a specific tumor target with precision. When ultrasound with high intensity is focused and applied to a target, it can produce a therapeutic effect by raising the temperature of the targeted tissue—like the magnifying glass on the dry leaf. Ultrasound has long been used to image the human body. Its potential for destroying cancer tissue is just beginning to be explored. The potential for HIFU therapy may be realized in a number of areas including

Dr. Viren Amin, professor of electrical and computer engineering and a researcher at Iowa State’s Center for Nondestructive Evaluation, holds a highpowered ultrasound transducer he uses in his research. Amin is examining how ultrasound waves can be used to destroy cancerous tissue. (left) Dr. Amin often uses meat and liver cuts to better understand how ultrasound waves move through biological tissue. (above) Amin’s team is developing technology toward HIFU therapy planning for brain tumors using integration of pretreatment imaging, ultrasound models for inhomogeneous tissues, and visualization.

neurosurgery, ophthalmology, urology and hemostasis (stopping internal bleeding). “Within the first two years we will focus on developing enabling technology,” says Amin. “This initial funding is critical to getting us started. Then, hopefully, we can continue the research for further development with funds from the National Institutes of Health.” Some of the enabling technology developed by the team may be groundbreaking, he says. “It will allow us to develop

some of the high precision therapies for complex applications such as brain tumors and the heart.” Joining him on the research team are a physicist, an engineer, a veterinary clinician and a neurosurgeon. This Carver Trust gift offers a unique opportunity for two major academic Iowa institutions to lead the development of technology in the field of medicine. Results of this dynamic research could lead to significant advancements in the treatment of cancer. ▼

The potential for HIFU therapy may be realized in a number of areas including neurosurgery, ophthalmology, urology and hemostasis.

Student Leaders Fund a Scholarship Endowment tudents helping students through scholarships and job recruitment. These unique concepts thrive at Iowa State’s College of Engineering through two of the largest indoor collegiate fairs in the country. Now, a new student-initiated endowment seeks to build a solid scholarship foundation for future student leaders.

Both career fairs—the Engineers’ Week Career Fair in September and the Engineering Career Expo in February—are organized and run by student committees, and would be judged hugely successful for their recruitment alone. But, Iowa State’s engineering students haven’t stopped there. They’ve channeled profits from the fairs into student scholarships. In the past three years, the fairs have generated more than $300,000 for expendable scholarships for College of Engineering students. Recently, the students took the next step to make sure the profits benefit students well into the future. Using surplus funds from fees paid by the nearly 300

L to R: Ryan Haase, Johannah (Johnni) Tripp-Rieks and Andrew Riha were among the winners of this year’s Engineers’ Week scholarships.

companies who attend, student organizers established a $100,000 endowment to generate continuing scholarship funds. The endowment benefits engineering student leaders of recognized activities at Iowa State. Chris Johnson, a senior in mechanical engineering and chair of last spring’s Career Expo, is enthusiastic. “The fairs generate money, and all of it

goes directly back into student scholarships. This year we decided to do something a little different that will hopefully grow and help students for years to come.” Johannah (Johnni) TrippRieks, Andrew Riha and Ryan Haase were among the winners of this year’s Engineers’ Week scholarships. All three were delighted to receive the financial assistance for their education.

Students in the College of Engineering organize two of the largest indoor career fairs in the country. Funds generated from these fairs helped establish a scholarship endowment for engineering students.

“I was honored when I learned that I would be receiving an E-Week Scholarship,” says Andrew. “In addition to the money it provides to pay for tuition, it is an honor that demonstrates ISU’s and the College of Engineering’s commitment to excellence. It highlights the importance of academics, leadership, and extra-curricular activities.” Ryan agrees receiving the scholarship is an honor “in recognition for good work.” As an out-of-state student, he says, “the scholarship helps me attend Iowa State without worrying about financial issues.” Johnni, one of this year’s career fair co-chairs, says, “I definitely appreciated receiving the E-Week Scholarship.

Success in the real world for engineers is driven by a combination of technical as well as communication, leadership and interpersonal skills. This scholarship proves the students understand that and it encourages them to develop those “other” skills in and out of the classroom.

It helped me to keep in perspective that any money we saved would go directly to scholarships for engineering students next year. A little money saved here or there while planning E-Week’s events adds up to really help someone financially.” Engineering Career Services Director Larry Hanneman couldn’t be more pleased. “We tell our students that success in the real world for engineers is driven by a combination of technical as well as communication, leadership and interpersonal skills. This scholarship proves the students understand that and it encourages them to develop those ‘other’ skills in and out of the classroom,” Hanneman said. ▼

L to R: Ryan Haase, Johannah (Johnni) Tripp-Rieks and Andrew Riha were among the winners of this year’s Engineers’ Week scholarships.

Inspiring Others with a Musical Gift llen (Molleston) and Tom Walvoord would like to start something exciting. The Illinois couple hopes their recent commitment of $1 million to the College of Liberal Arts and Sciences department of music and theatre will inspire others.

The idea is to call attention to an area that brings vitality to campus and community yet is often overlooked by private support. “Music and theatre tend to be like athletics in terms of extended impact on the university, community and state,” Ellen says. Yet, music and theatre may not be the first areas that come to mind when considering where to designate a gift. The Walvoords have been supporters of Iowa State for many years and recently decided that one more gift—to music and theatre—was an important

one. “I have had an association with the department since age six, when I began piano lessons with Ira Schroeder,” Ellen said. She was also rehearsal accompanist for Iowa State Singers during her college years. “My years of interactions with Ira and later, Bob McCowen, who headed choral music, are among the highlights of my memories at Iowa State.” Ellen believes the appreciation of music and theatre on campus runs deeper than just those who major in the areas. “For a science and technology university, participation in music and theater by nonmajors is outstanding—from the marching band to Stars Over Veishea to the classroom.” For many months prior to designating a gift, Ellen explored the department’s needs and quality level. “I read strategic plans, accreditation reviews and met with faculty. The artistic and operating performance levels are so high and funding is so low that the decision became easy for Tom and me.”

The Iowa State Singers entertain hundreds of people each year.

Private Support Creates an “Incredible” Professorship aul Durbin, the first recipient of Iowa State’s Martin C. Jischke Professorship in Aerospace Engineering, views himself as a humble scientist. Truth be told, this man with a bachelor’s degree in aerospace and mechanical sciences from Princeton University in Princeton, N.J., and a doctorate in applied mathematics and theoretical physics from the University of Cambridge in Cambridge, England, is much more.

The ISU Symphony Orchestra performs in front of many audiences.

“It seemed to us that a sizable gift would say to the Iowa State world ‘music and theatre are worthy of significant giving,’” Ellen said. “You don’t have to major in music or theatre—and we didn’t—to appreciate what they mean to the campus and region.” With a $500,000 deferred gift plus a $500,000 current gift, the Walvoords hope to assist the department both now and in the future. “We feel comfortable that the department will be wise in how it uses the money,” Ellen says. “They can use it in every corner of the department.” Tom and Ellen, 1961 graduates of Iowa State, are retired and live both on a small farm northwest of Chicago and in downtown Chicago. Tom was senior vice president of Northern Trust Company; and Ellen was senior vice president at Abbott Laboratories. The couple has two grown children and five grandchildren. ▼

Accolades abound for Durbin, who was attracted to Iowa State from Stanford University in California, because of this new professorship. “He’s a world famous researcher, the world’s best in the mathematical modeling of turbulence, and an incredible hire,” says Tom I-P Shih, the chair of Iowa State’s department of aerospace engineering. “His expertise with managing the intense heat of gas turbine engines will contribute to the development of an Iowa State program in engineering for extreme environments.” Durbin’s research interests include computational and analytical modeling of turbulence, computational fluid dynamics

L to R: Martin Jischke, Paul Durbin, Roger Hanson and President Gregory Geoffroy at the Jischke Professorship in Aerospace Engineering ceremony.

and work with turbine engines. Turbines are the most effective devices for converting wind, water flow, and thermal energy to electrical power. Gas turbines, along with wind and water turbines, are used extensively to produce electricity for the national grid. While turbine science and technology has come a long way, progress is essential in order to meet the ongoing need for reliable and durable aircraft, to ensure the dependability of electrical power generation, and to reduce consumption of natural resources. Making possible the hiring of someone with the stellar credentials of Paul Durbin demonstrates private support at its best. It shows exactly how important private contributions are to the excellence of a university like Iowa State. Roger Hanson of Fullerton, Calif., had a good sense of this impact when he made the $500,000 pledge to fund the new professorship. He received three of his five college degrees from Iowa State—bachelor’s degrees in both mechanical engineering

Professor Paul Durbin receives his medallion from Dean Mark Kushner.

and electrical engineering in 1954 and a doctorate in theoretical and applied mechanics in 1958—and he “just wanted to give something back.” It is this giving back that is so critical to the future of the university, says ISU President Gregory Geoffroy. “Every gift we receive from our alumni and friends has a significant impact on the success and academic excellence of this university. Supporting our faculty is a top priority that will enable us to recruit and retain the best professors.” Martin Jischke, for whom the professorship is named, was president of Iowa State University from 1991 to 2000 and is now president of Purdue University in West Lafayette, Ind. He was the first engineer to serve as ISU president. ▼

The Iowa State Singers entertain hundreds of people each year.

The ISU Symphony Orchestra performs in front of many audiences.

L to R: Martin Jischke, Paul Durbin, Roger Hanson and President Gregory Geoffroy at the Jischke Professorship in Aerospace Engineering ceremony.

Professor Paul Durbin receives his medallion from Dean Mark Kushner.

Fellowship Gift Brings Visiting Faculty to Iowa State “

ho knows? Maybe some of the students will become university presidents.” Paul McQuilkin is speaking about the possible impact of the McQuilkin Faculty Fellowship in the College of Human Sciences Educational Leadership and Policy Studies (ELPS) Program.

Paul and his wife Jackie, from Winter Park, Fla., have put a great deal of thought into how their gift can best be used to assist students through financial support for faculty and graduate assistantships. They strongly believe the best education comes from exposure to outstanding faculty from around the world. ELPS was a natural fit. The department offers the graduate degrees of master of science,

Staying Connected through Her Gifts hen Nancy Polster graduated from Iowa State in 1960 with a degree in applied art, she had no idea that Nancy Polster only five years later she would return to her alma mater to begin a career spanning 35 years. Now in retirement, and reflecting on her years as a professor and administrator in the College of Design, Nancy is determined to stay connected.

Two ELPS doctoral students work on a project.

master of education, and doctor of philosophy, with a major in education and a minor for students who are completing major work in other departments. “Our idea was to establish a fellowship where outstanding faculty could be brought in for a period of one semester to a year,” says Paul. Both Paul and Jackie come from families where education was extremely important. Paul recalls, “in my family

Laura Rendon, professor and department chair of the Educational Leadership and Policy Studies Program addresses some of her students.

all of the children in my generation went to college. Most of us worked our way through with little support.” That’s why, when deciding where to put the emphasis of their gift, the McQuilkins looked to those students who do not have the funds to travel either nationally or internationally. Their faculty fellowship gift is intended to attract distinguished U.S. and international faculty to work with these students for an extended period of time. A retired college administrator and teacher, Paul received his Ph.D. in education from Iowa State in 1969. He says his greatest interest is “to attract good students going into higher education who will become long-term professionals, going on to become outstanding teachers as well as high level administrators.” And yes, maybe some will even go on to become presidents of universities. ▼

“My entire career was at Iowa State,” she says, “and I loved working with the students. I never married and don’t have an immediate family, so I always felt like the art and design department was my family. They kept me young.” Nancy is a longtime supporter of Iowa State. The designation of her estate gifts totaling $835,000 have reflected the needs of the students and faculty in the College of Design. Especially known for her support of faculty advancement and her dedication to minority students, she has established gifts that reach all corners of the college. Nancy also contributes annually so she can witness the impact of these funds during her lifetime.

Nancy’s most recent contribution is a $200,000 deferred gift to help fund the Marjorie S. Garfield Scholarship. Not coincidentally, during her tenure as department chair in the college, Nancy helped establish this scholarship with a $100,000 gift from another donor in 1997. “I wanted to make sure this fund had enough money to make a significant impact because I know firsthand the kind of financial support that many students need,” she said. This scholarship honors a woman who had a tremendous influence on Nancy’s life and the lives of many students. Marjorie Garfield was head of the ISU department of applied art in the College of Home Economics from 1948 to 1969. She was the person responsible

for recruiting Nancy to return to Iowa State as a professor. “I feel very strongly that Marjorie Garfield should have recognition so her name is kept alive at Iowa State,” says Nancy. When realized, the scholarship will be awarded each year to an entering high school student, for a total of up to four $3,000 scholarships per year. “Financial support for our students is a vital necessity,” said Dean Mark Engelbrecht. “Gifts like these have such a positive impact on the lives of so many students, and we’re particularly gratified to receive support from cherished colleagues like Nancy.” Last year alone, the College of Design awarded $90,000 in scholarships to more than 130 students. ▼

Nancy Polster spent 35 years as a professor and administrator in the College of Design.

Fellowship Gift Brings Visiting Faculty to Iowa State “

Two ELPS doctoral students work on a project.

Laura Rendon, professor and department chair of the Educational Leadership and Policy Studies Program addresses some of her students.

Nancy Polster spent 35 years as a professor and administrator in the College of Design.

“Come on Home” to the New Alumni Center “

ime never blots out of one’s life the recollections of one’s college days,” said Edgar Stanton, first president of the ISU Alumni Association, in 1878. It is these fond recollections that cause alumni to want to come “home.”

Now, after three decades of working and planning, the dream of a home for ISU alumni has finally come true. The new Iowa State University

Alumni Center is soon to be a reality. On October 22, ground was broken for the Alumni Center at the intersection of Beach Avenue and Country Club Boulevard in Ames, north of the beautiful Reiman Gardens. Scheduled for completion by late 2007, this facility will house all of the association’s staff and programs. The 32,400-square-foot building will include a visitors’ lounge and library, offices for staff, large and small meeting rooms for events and a multipurpose office and activity space for the Student Alumni Leadership Council.

(top) The Iowa State Marching Band performed at the pep rally prior to the groundbreaking event. (bottom) A large crowd assembled for the official groundbreaking ceremony.

L to R: Kathy Geoffroy, Roy Reiman, Bobbi Reiman and President Gregory Geoffroy stand in front of the ceremonial door of the future Alumni Center. The Reiman’s generous private support made this project possible.

It will provide a convenient and pleasant arrival point for alumni when they return to campus, as well as a gathering place for individuals and groups to enjoy the alumni association’s hospitality and services. “The role of the ISU Alumni Association is to become a lifetime partner in engaging all alumni, students and friends,” says Jeff Johnson, ISU Alumni Association president. “This facility will aid the association in these efforts and also allow the association to visibly showcase the excellence of Iowa State.” “Today there is no single place for alumni to fully relax and feel comfortable,” Jeff said. “Many of them have traveled long distances, and just to have a central location to park and meet up with friends before journeying on campus is critical to making them feel at home.” The new center is also a

An architect’s rendering of the new Iowa State University Alumni Center from the southeast (top photo); east (middle photo); and west (bottom photo).

perfect location for displaying the history of the university. “The ISU Alumni Association serves as the university’s keeper of traditions,” says Jeff. “This great new center will also become a beacon to others wishing to connect with Iowa State.”

The new center is being funded completely through private support. Fund-raising efforts continue to complete the building endowment portion of the project that will support maintenance and upkeep of the facility. ▼

“Come on Home” to the New Alumni Center “

Now, after three decades of working and planning, the dream of a home for ISU alumni has finally come true. The new Iowa State University

(top) The Iowa State Marching Band performed at the pep rally prior to the groundbreaking event. (bottom) A large crowd assembled for the official groundbreaking ceremony.

An architect’s rendering of the new Iowa State University Alumni Center from the southeast (top photo); east (middle photo); and west (bottom photo).

Create Your Gift Plan Online ou have wonderful intentions. Your memories of Iowa State University have stayed with you through the years, and you’d like to give back, either today, tomorrow or at some time after your death.

Good gift planning requires good information. Rising property values, growth of investments, various types of life insurance as well as changing tax laws requires planning for the future. Without a good plan, an unnecessary amount of your assets may go to state and federal governments in taxes, or to individuals other than those loved ones you prefer to benefit.

giftplanning@foundation New Tax▼Law .iastate.edu

Encourages Charitable Giving in 2005 On September 23, President Bush signed the Katrina Emergency Tax Relief Act (KETRA) of 2005 to help victims of Hurricane Katrina directly and to spark charitable giving in general. The KETRA law suspended the ordinary annual deduction limits for individual taxpayers making cash gifts

That is why the Iowa State University Foundation has launched a new gift planning Web site offering up-to-date information with quick and easy access. There you’ll find helpful estate planning information to assist you in creating the plan that is right for you.

Or, perhaps you’ll find information there you’d like to know more about by talking to us. There are two ways to access this new site. Visit www. foundation.iastate.edu and click on “estate planning guide” or go to www.foundation. iastate.edu/giftplanning.

from August 28, 2005 and through December 31, 2005. This can be an opportunity for some donors who want to make gifts in excess of the usual ceiling on the charitable deduction. If you are over 59 1/2 years

Gift Planning Web Site Tools you will find on the new gift plannning Web

• Question of the Day allows you to ask questions

site at www.foundation.iastate.edu/giftplanning:

or read answers to questions from others.

• Estate Planning Resources Create your own

• Gift Law Calculator has options for you to

gift-giving plan with sample bequest language and ready-to-use forms. • Donor Stories Read donor stories and learn

calculate the tax impact of many types of gifts. • Savvy Senior offers the latest information to make savvy decisions about Medicare, prescrip-

how the plan described could work for you.

tion drugs, Social Security and your retirement

You’ll also find audio and text illustrations, as

accounts.

well as brochures that you can print yourself. • E-Newsletter Once you subscribe, you’ll receive a weekly copy. One version is for donors and a slightly more technical version is for advisors. It features everything from what’s going on in Washington to answers for frequently asked questions. • Create Your Plan gives presentations highlighting income and tax benefits.

• For Advisors has gift law information, tax calculations, a Washington hotline and actual case histories. • Free Estate Planning Course makes online sign-up easy. • Reading Room gives stories and ideas to jump-start your creativity.

Learn about the benefits of giving to a charity and receiving full income tax savings from your gifts. Or, learn about how a gift to

Good gift planning requires good information. Rising property values, growth of investments, various types of life insurance as well as changing tax laws requires planning for the future.

support Iowa State can lead to greater income for yourself and your family, a tax deduction and a lasting legacy. “This is a wonderful new way to gather information before talking with us,” says Pat Moline, ISU Foundation executive director of gift planning. “There are lots of ways to make smart choices through this venue, and we all want to be intelligent about our charitable giving.” For more information about this unique online guide; to subscribe to our e-newsletter; or to talk with a gift planning specialist, contact the Iowa State University Foundation gift planning office at 800-621-8515 or giftplanning @foundation.iastate.edu.

of age, this change in the law may also make it attractive for you to withdraw funds from your IRA or similar retirement plan in order to make a charitable gift—and deduct the entire amount this year. Consult your tax advisors to learn more about the temporary advantages the law has provided, or call the ISU Foundation’s office of gift planning at 800-621-8515. See our Web site or sign up for our weekly e-newsletter for additional information.

giftplanning@foundation New Tax▼Law .iastate.edu

Gift Planning Web Site Tools you will find on the new gift plannning Web

• Question of the Day allows you to ask questions

site at www.foundation.iastate.edu/giftplanning:

or read answers to questions from others.

• Estate Planning Resources Create your own

• Gift Law Calculator has options for you to

gift-giving plan with sample bequest language and ready-to-use forms. • Donor Stories Read donor stories and learn

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Order of the Knoll Award Winners he Order of the Knoll is Iowa State University’s most prestigious donor organization. Each year the Order of the Knoll pays tribute to individuals and corporations whose generous contributions have moved the university significantly forward. Award winners are given the highest honor a donor can receive from the ISU Foundation.

Five awards were announced on October 7 at the Order of the Knoll annual fall event. Award winners will be officially recognized next spring at the Distinguished Awards

Ceremony, which honors award recipients nominated through the ISU Foundation and ISU Alumni Association. The 2004 Order of the Knoll award winners include: Gerald A. and Karen A. Kolschowsky of Oak Brook, Ill.,

Monsanto Company received

the Corporate and Foundation Award that recognizes outstanding generosity to ISU through leadership level financial commitments. World headquarters for the Monsanto Company is located in St. Louis, Mo.

received the Campanile Award which recognizes individuals who demonstrate loyalty and commitment to ISU and its future by making a leadership level gift and providing significant service to the university.

Kent Lucken of Newton, Mass., received the Young Alumnus of the Year Award as an outstanding ISU volunteer and supporter while providing leadership and service in his community and around the world.

Jack Cosgrove of Cedar Rapids,

James and Katherine Melsa of

Iowa, was given the Cardinal and Gold Award. The award honors individuals who provide comprehensive long-term service to ISU and the foundation by demonstrating creative leadership that made a substantial impact and devoting time and energy to ISU and other communities.

Naperville, Ill., received the Faculty/Staff Award. As academic and civic leaders, they left an indelible mark on Iowa State, the College of Engineering and on the many students, faculty and other individuals with whom they came in contact. ▼

L to R: Katherine and James Melsa, Dilla and Jack Cosgrove, Rowena and Ted Crosbie (representing Monsanto Company); Gerald A. and Karen A. Kolschowsky; and Kent Lucken.

ANNUAL

REPORT J U LY 1 , 2 0 0 4 T O J U N E 3 0 , 2 0 0 5

A YEAR OF RECORD GROWTH SIMPLY PUT, FISCAL YEAR 2005 WAS A GREAT SUCCESS—THANKS TO A RECORD NUMBER OF DONORS WHO CONTRIBUTED MORE THAN $83 MILLION TO SUPPORT IOWA STATE UNIVERSITY. THE IMPACT OF THESE GIFTS WILL BE FELT THROUGHOUT THE CAMPUS BY FACULTY, STUDENTS, STAFF AND VISITORS. IT’S THE ROLE OF THE IOWA STATE UNIVERSITY FOUNDATION TO BRING THE INTERESTS OF DONORS AND THE PRIORITIES OF THE UNIVERSITY TOGETHER FOR MEANINGFUL ENGAGEMENTS. IT’S ALSO OUR RESPONSIBILITY TO MANAGE PRIVATE GIFTS IN ACCORDANCE WITH THE WISHES OF DONORS. YOUR SUPPORT MAKES A VALUABLE IMPACT AND A WORLD OF DIFFERENCE FOR SO MANY. FOLLOWING ARE SOME HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT HELP TELL THE INCREDIBLE STORY OF PHILANTHROPY AT IOWA STATE. DANIEL P. SAFTIG PRESIDENT IOWA STATE UNIVERSITY FOUNDATION

HIGHLIGHTS NUMBER OF DONORS: 55,279 NEW GIFTS AND COMMITMENTS: $83,234,152 NEW ENDOWED CHAIRS, PROFESSORSHIPS AND FACULTY FELLOWSHIPS CREATED: 10 NEW SCHOLARSHIPS AND FELLOWSHIPS CREATED: 92 DOLLARS TRANSFERRED TO IOWA STATE: $33,503,016 ENDOWMENT RETURN: 8.6% ENDOWMENT TOTAL: $333,172,566 COST TO RAISE ONE DOLLAR (3-YEAR AVERAGE): 11

CENTS

Five awards were announced on October 7 at the Order of the Knoll annual fall event. Award winners will be officially recognized next spring at the Distinguished Awards

Monsanto Company received

Kent Lucken of Newton, Mass., received the Young Alumnus of the Year Award as an outstanding ISU volunteer and supporter while providing leadership and service in his community and around the world.

Jack Cosgrove of Cedar Rapids,

James and Katherine Melsa of

L to R: Katherine and James Melsa, Dilla and Jack Cosgrove, Rowena and Ted Crosbie (representing Monsanto Company); Gerald A. and Karen A. Kolschowsky; and Kent Lucken.

ANNUAL

REPORT J U LY 1 , 2 0 0 4 T O J U N E 3 0 , 2 0 0 5

CENTS

ANNUAL REPORT

The ISU Foundation’s financial statements are audited by the international firm of KPMG LLP in accordance with

SUMMARY FINANCIAL POSITION AS OF JUNE 30, 2005 AND JUNE 30, 2004 2005 2004 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 489,807,457. . . . . . . . . . . . . . . . $ 439,820,087 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,176,922. . . . . . . . . . . . . . . . $ 41,943,195

auditing standards generally accepted in the United States. The foundation’s full financial statements are available

The ISU Foundation endowment provides an ongoing source of funding for Iowa State University. The total endowment amount at the end of fiscal year 2005 was $333,172,566. ISU Foundation Endowment Return 10 years

ISU Foundation Endowment Allocation 8.3%

3 years

Net assets* Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,871,789. . . . . . . . . . . . . . . . $ 9,709,970 Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . $ 103,586,180. . . . . . . . . . . . . . . . $ 92,911,942 Permanently restricted. . . . . . . . . . . . . . . . . . . . . . $ 333,172,566. . . . . . . . . . . . . . . . $ 295,254,980

9.4%

1 year

8.6%

Bonds 29%

Global Equity 10%

(FY05)

Small Cap Equity 10% Mid Cap Equity 10%

Large Cap Equity 26%

SOURCES OF GIFTS *The ISU Foundation’s net assets are categorized as follows: • Unrestricted net assets are not subject to donor-imposed restrictions. • Temporarily restricted net assets have been restricted by the donors for use for a specific purpose or time period. • Permanently restricted net assets are subject to donor-imposed restrictions that will be maintained permanently by the ISU Foundation.

A record number of 55,279 donors made gifts to support Iowa State in fiscal year 2005. These donors represented four major categories. Sources of Gifts

Corporations 11% Foundations 20%

Private Equity 5% Absolute Return 10%

Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892

at www.foundation .iastate.edu or by request.

ENDOWMENT

FINANCIAL ACTIVITIES FOR THE YEARS ENDED JUNE 30, 2005 AND JUNE 30, 2004 2005 2004 Revenues Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59,079,398. . . . . . . . . . . . . . . . $ 57,630,855 Total investment return . . . . . . . . . . . . . . . . . . . . . $ 30,317,842. . . . . . . . . . . . . . . . $ 42,029,724 Other earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,806,064. . . . . . . . . . . . . . . . $ 2,796,057 Total revenues

.........................................

$ 93,203,304. . . . . . . . . . . . . . . . $ 102,456,636

Expenditures University programs*. . . . . . . . . . . . . . . . . . . . . . . . . $ 33,503,016. . . . . . . . . . . . . . . . $ 48,112,695 Operating/fundraising. . . . . . . . . . . . . . . . . . . . . . . . $ 6,567,473. . . . . . . . . . . . . . . . $ 6,368,472 Operating/administrative. . . . . . . . . . . . . . . . . . . $ 2,834,646. . . . . . . . . . . . . . . . $ 2,729,271 380,011 Annuity liability adjustment. . . . . . . . . . . . . . . $ <455,474>. . . . . . . . . . . . . . . . $ Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,449,661. . . . . . . . . . . . . . . . $ 57,590,449 Change in net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,753,643. . . . . . . . . . . . . . . . $ 44,866,187 Beginning net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705 Ending net assets

...................................

$ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892

*University program expenditures are amounts provided by the ISU Foundation for expenditure by Iowa State University according to donor direction.

Alumni 42%

Other Individuals 27%

DOLLARS TRANSFERRED TO SUPPORT IOWA STATE More than $33 million was transferred from the ISU Foundation to Iowa State University to support faculty, students, programs and facilities in fiscal year 2005. Area of Support Dollars Transferred Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,027,545 Direct student assistance including scholarships, loans, awards, salaries and travel. Faculty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,508,946 Salary and benefits for faculty and supporting staff. Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,735,349 Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities. Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,423,210 General administrative costs of programs including travel, entertainment and events, advertising and promotion and other expenses. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Gifts in kind, personal property retained and used by the university (includes equipment, software, works of art, livestock, etc.) TOTAL

.........................................................................................................................

807,966

$ 33,503,016

ANNUAL REPORT

The ISU Foundation’s financial statements are audited by the international firm of KPMG LLP in accordance with

auditing standards generally accepted in the United States. The foundation’s full financial statements are available

ISU Foundation Endowment Allocation 8.3%

3 years

9.4%

1 year

8.6%

Bonds 29%

Global Equity 10%

(FY05)

Small Cap Equity 10% Mid Cap Equity 10%

Large Cap Equity 26%

A record number of 55,279 donors made gifts to support Iowa State in fiscal year 2005. These donors represented four major categories. Sources of Gifts

Corporations 11% Foundations 20%

Private Equity 5% Absolute Return 10%

Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892

at www.foundation .iastate.edu or by request.

ENDOWMENT

.........................................

$ 93,203,304. . . . . . . . . . . . . . . . $ 102,456,636

...................................

$ 448,630,535. . . . . . . . . . . . . . . . $ 397,876,892

*University program expenditures are amounts provided by the ISU Foundation for expenditure by Iowa State University according to donor direction.

Alumni 42%

Other Individuals 27%

.........................................................................................................................

807,966

$ 33,503,016

COLLEGE AND CAMPUS GIVING

A record number of donors made gifts and future commitments to support all corners of the Iowa State campus in fiscal year 2005. Following are highlights of how these gifts are making an impact at the university. ACADEMIC GIVING

College of Agriculture 4,084 donors $17,858,376 secured

College of Business 1,908 donors $4,465,034 secured

College of Design 1,126 donors $684,065 secured

• Received a $10 million gift to support the Sustainable Rural Livelihoods program that helps developing nations address rural hunger and poverty.

• The Max S. Wortman, Jr. Endowed Professorship was established to honor this distinguished Iowa State professor of management and College of Engineering graduate who died unexpectedly earlier this year.

• $100,000 was received from the Paul M. Heffernan estate to benefit the department of architecture’s study abroad program through student scholarships.

• More than $2.5 million helped create new undergraduate scholarships and graduate fellowship opportunities last year.

• Ten named faculty positions were created in the College of Business bringing the total number of chairs, professorships and fellowships to 22.

• $200,000 will benefit the department of art and design through the estate of Nancy Polster. These funds will be used for student scholarship support. College of Education* 1,012 donors $1,391,487 secured • The McQuilkin Faculty Fellowship was established in the Educational Leadership and Policy Studies Program. This fellowship will attract distinguished faculty to Iowa State to work with students for an extended period of time. • The Dr. Judy K. Nissen Endowed Scholarship was established to create opportunities for graduate students in the Educational Leadership and Policy Studies Program.

College of Engineering 4,647 donors $15,698,157 secured • A $1.5 million gift from the Lockheed Martin Corporation will fund the Vance D. Coffman Endowed Chair in Aerospace Engineering. Dr. Coffman, Lockheed Martin’s recently retired CEO, received his bachelor’s degree from Iowa State in 1967. • Scholarship funds totaling $1.75 million were awarded to students last year. College of Family and Consumer Sciences* 2,153 donors $1,499,630 secured • Funding from the estate of Mary Lewis established an endowed scholarship to benefit an Iowa resident majoring in hotel, restaurant and institutional management.

• Generosity from Neva Petersen’s estate established an endowed scholarship in the College of Family and Consumer Sciences. College of Liberal Arts and Sciences 5,992 donors $7,966,961 secured • A $1 million commitment will benefit the department of music and theatre. • Fiscal year 2005 was a recordbreaking year for the College of Liberal Arts and Sciences in terms of private support which surpassed $7.9 million. College of Veterinary Medicine 1,543 donors $3,167,029 secured • Over $358,000 in scholarships and awards were used by 259 veterinary medicine students.

• Stephen Juelsgaard made a $500,000 commitment to the College of Veterinary Medicine’s highest fund-raising priority, the Veterinary Teaching Hospital Renovation Project. University Library 3,445 donors $1,498,797 secured • Fiscal year 2005 was a recordbreaking year for the University Library in terms of private support. • The Lennox Foundation pledged $255,000 to establish the Lennox Endowment for Preservation Education, Training and Outreach.

*These 2 colleges merged into the College of Human Sciences on July 1, 2005 (beginning of FY06).

COLLEGE AND CAMPUS GIVING

College of Agriculture 4,084 donors $17,858,376 secured

College of Business 1,908 donors $4,465,034 secured

College of Design 1,126 donors $684,065 secured

• Received a $10 million gift to support the Sustainable Rural Livelihoods program that helps developing nations address rural hunger and poverty.

• $100,000 was received from the Paul M. Heffernan estate to benefit the department of architecture’s study abroad program through student scholarships.

• More than $2.5 million helped create new undergraduate scholarships and graduate fellowship opportunities last year.

• Ten named faculty positions were created in the College of Business bringing the total number of chairs, professorships and fellowships to 22.

*These 2 colleges merged into the College of Human Sciences on July 1, 2005 (beginning of FY06).

C O L L E G E A N D C A M P U S G I V I N G / continued

I S U F O U N D AT I O N B O A R D O F D I R E C T O R S

MAJOR PROGRAM GIVING • The student internship program, which receives private support, gained attention for its crossdisciplinary approach to working in a public garden. Student Affairs 796 donors $9,804,390 secured

Athletics 7,674 donors $9,534,555 secured

• The Steve and Debbie Bergstrom Indoor Training Facility opened to provide student-athletes an environment in which to succeed. Funding for this project was accomplished entirely through private gifts. • Funding was secured for the Rod and Connie French Athletic Academic Center that will be housed in the Hixson-Lied Student Success Center. The center will be used as a recruiting tool for all 18 sports and give student-athletes an enhanced learning environment. Extension/4-H 1,393 donors $459,772 secured • Private support helped ISU Extension serve more than 875,000 Iowans last year.

• Private support enabled ISU Extension to fill the position of extension enologist, and to create the grapes and wine program supporting the growing Iowa wine industry. Iowa State Center 640 donors $174,339 secured • More than $100,000 was raised to support the Stephens Program Fund. • C.Y. Stephens Auditorium was selected as “Building of the Century” by the American Institute of Architects/Iowa Chapter. Stephens Auditorium was financed with the help of private support. Reiman Gardens 3,878 donors $419,010 secured • More than 2,800 households helped Reiman Gardens through their membership support.

• Funding was secured to construct the Hixson-Lied Student Success Center that will provide services for all Iowa State student in need of academic counseling, tutoring and testing. • Thanks to private support, the Division of Student Affairs provided a month-long series of enhanced programming and activities during the spring. More than 150 events occurred attracting 40,000 participants. University Museums 648 donors $266,295 secured • Private support from last year enabled the museums to serve more than 50,000 visitors, with more than 100 public programs, 350 tours and approximately 10 exhibitions. • Private support helped fund The Museums System—a state-ofthe-art collections management system that enables curators, faculty, staff and friends to view and access the collections at Iowa State.

The ISU Foundation board helps set the policies and future direction of the ISU Foundation. The following board members served during fiscal year 2005. Kelley A. Bergstrom Chair Kenilworth, Ill. President Bergstrom Investment Management, LLC Cara K. Heiden Vice Chair Urbandale, Iowa Division President Wells Fargo Home Mortgage

Steven T. Schuler Treasurer Urbandale, Iowa Chief Financial Officer i wireless

David W. Van Wert Secretary Sun City West, Ariz. President and CEO Van Wert Associates

Agatha L. Burnet Ames, Iowa Professor Emeritus Iowa State University

Joanne M. Kuster Johnston, Iowa President Kuster Ltd.

Lyle P. Campbell Paradise Valley, Ariz. Chairman of the Board Legacy Bank

John K. Lawson Rapids City, Ill. Retired Senior Vice President Deere & Co.

Sandra L. Davis, Ph.D. Edina, Minn. CEO MDA Leadership Consulting

Owen J. Newlin Des Moines, Iowa Retired Senior Vice President and Director Pioneer Hi-Bred International, Inc.

Gregory L. Geoffroy Ames, Iowa President Iowa State University Labh S. Hira Ames, Iowa Dean and Professor College of Business Iowa State University Gerald A. Kolschowsky Oak Brook, Ill. Retired Chairman OSI Industries, LLC Cheryl G. Krongard Lutherville Timonium, Md. Retired Senior Executive Apollo Management

James P. Stein Muscatine, Iowa Chairman of the Board Central Bancshares, Inc. Sheryl K. Sunderman Dallas, Texas Managing Partner Accenture Roger C. Underwood Ames, Iowa CEO Becker-Underwood Inc. Marvin J. Walter Ames, Iowa President and Owner Dayton Road Development Corp.

I S U F O U N D AT I O N G O V E R N O R S More than 200 ISU Foundation governors and governors emeritus serve lifetime appointments. This group of dedicated volunteers is highly active with the university and helps influence the success of the foundation. For a complete list of governors, visit our Web site at www.foundation.iastate.edu.

C O L L E G E A N D C A M P U S G I V I N G / continued

I S U F O U N D AT I O N B O A R D O F D I R E C T O R S

Athletics 7,674 donors $9,534,555 secured

Steven T. Schuler Treasurer Urbandale, Iowa Chief Financial Officer i wireless

David W. Van Wert Secretary Sun City West, Ariz. President and CEO Van Wert Associates

Agatha L. Burnet Ames, Iowa Professor Emeritus Iowa State University

Joanne M. Kuster Johnston, Iowa President Kuster Ltd.

Lyle P. Campbell Paradise Valley, Ariz. Chairman of the Board Legacy Bank

John K. Lawson Rapids City, Ill. Retired Senior Vice President Deere & Co.

Sandra L. Davis, Ph.D. Edina, Minn. CEO MDA Leadership Consulting

Owen J. Newlin Des Moines, Iowa Retired Senior Vice President and Director Pioneer Hi-Bred International, Inc.

I S U F O U N D AT I O N C O M M I T T E E S

ISU Foundation committee members help set the policies and future direction of the ISU Foundation. The following committee members served during fiscal year 2005. Audit Committee Lyle Campbell Mary Dubas Cara Heiden Arend Sandbulte Norm Skadburg Sheryl Sunderman, Chair Thelma Voetberg Lynn Vorbrich

Awards Committee John Axel Maxine Burch Bill Bywater Marilyn Kollmorgen Sandy Rogers May, Chair Roberta Simpson-Dolbeare Noel Smith Jamie Stensland Roy Uelner Board Governance Committee Bill Binger Jack Cosgrove Sandra Davis John DeVries Denise Essman Jim Frevert Cara Heiden, Chair Gerald Kolschowsky Dan Krieger Joanne Kuster John Lawson Gene Lloyd Beverly Madden Arend Sandbulte Dave Shoultz Chelon Stanzel Jean Steffenson Gary Thompson Ellen Walvoord Tom Whitson Don Zuck

Executive Committee Kelley Bergstrom, Chair Gregory Geoffroy Cara Heiden Cheryl Krongard John Lawson Steven Schuler Roger Underwood David Van Wert Finance Committee Gregg Behrens Marla Franklin Rudy Herrmann Labh Hira John Hsu Steven Schuler, Chair Robert Stafford Jim Stein David Van Wert Murray Wise Gift Acceptance Committee Beverly Crabtree Debra Engle Lisa Eslinger Craig Marrs David Hopper Dan Saftig Investment Committee Steve Bergstrom Lloyd Bettis Jim Frein Gary Hoover Bob Jester Cheryl Krongard, Chair Bob McLaughlin Warren Madden John Rogers Bob Vasko Stephen Watson Bob Wolter

Development Committee Beth Cross Russ Cross Glenn De Stigter Diane Greenlee Sharon Juon Andy Lashier Craig Marrs Kay Runge Jean Steffenson Roger Underwood, Chair Donna Whitney

Know your

numbers 33,500

Number of gross square-feet in the Hixson-Lied Student Success Center scheduled to open in March 2007— a project made possible entirely from private gifts.

11¢

The three-year average cost for the ISU Foundation to raise $1.

10,005

Number of new donors supporting Iowa State in FY05.

10 Number of new endowed chairs/professorships/faculty fellowships created in FY05 thanks to private support.

10.22.05 Date ISU broke ground for the Iowa State University Alumni Center —a project made possible entirely from private gifts.

6 The number of times the Cyclones have defeated the Hawkeyes in football in the last eight years.

$333,172,566 Total amount of the ISU Foundation endowment at the end of FY05.

The number of benefactors it takes to make a difference at Iowa State University.

I S U F O U N D AT I O N C O M M I T T E E S

Development Committee Beth Cross Russ Cross Glenn De Stigter Diane Greenlee Sharon Juon Andy Lashier Craig Marrs Kay Runge Jean Steffenson Roger Underwood, Chair Donna Whitney

Know your

numbers 33,500

Number of gross square-feet in the Hixson-Lied Student Success Center scheduled to open in March 2007— a project made possible entirely from private gifts.

11¢

The three-year average cost for the ISU Foundation to raise $1.

10,005

Number of new donors supporting Iowa State in FY05.

10 Number of new endowed chairs/professorships/faculty fellowships created in FY05 thanks to private support.

10.22.05 Date ISU broke ground for the Iowa State University Alumni Center —a project made possible entirely from private gifts.

6 The number of times the Cyclones have defeated the Hawkeyes in football in the last eight years.

$333,172,566 Total amount of the ISU Foundation endowment at the end of FY05.

The number of benefactors it takes to make a difference at Iowa State University.

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