ConnectionsFor Friends of the Iowa State University Foundation

t ANNUAL REPORT t $12 MILLION CRAIG ENDOWMENT t NEW SCHOLARSHIPS t FACULTY SUPPORT t

F A L L 2 0 0 6

The Spirit of GivingMakes Great Things

Happen At Iowa State

The Spirit of GivingMakes Great Things

Happen At Iowa State

July marked my fifthanniversary at IowaState and I would

like to thank all of thewonderful people that I have met and workedwith for making thisuniversity such a specialplace. I am especiallyproud of our achieve-ments in building theacademic excellence of the university, withoutstanding facultyand superb students. I am also extremelyproud of the privatesupport our universitygenerates from thou-sands of donors likeyou each year.

In fiscal year 2006, more than

54,000 benefactors made new

gifts and commitments to the

university totaling almost $92

million. That’s like having 92

million reasons to say “thank

you” to those who believe in

our mission and the future of

Iowa State. Our fundraising

efforts have significantly

increased from $38.2 million

in FY03, to $63.2 million in

FY04 to $83.2 million in

FY05—and I want to thank

all of you for being part of

this amazing effort.

While our private support

has been outstanding, we have

much work yet to do. I have

written in the past about our

upcoming comprehensive

fundraising campaign, one that

will be the largest ever at Iowa

State. By this time next year,

you will be hearing many more

details about this effort and

how we plan to transform this

university by creating, sharing

and applying knowledge to

improve lives worldwide.

This fall we are busy with

many exciting events. We will

be holding several medallion

ceremonies to install professors

into newly created endowed

faculty positions. These named

faculty positions allow Iowa

State to recruit and retain

world-class leaders who make a

lasting impact on our students

and research programs, and

one of my highest honors is

to recognize faculty members

in this manner.

On October 21, during

Homecoming Weekend, we

will hold the groundbreaking

ceremony for the Dr. W.

Eugene and Linda Lloyd

Veterinary Teaching Hospital,

a $51 million project made

possible through private sup-

port and funds provided by

the Iowa Legislature.

And I will be talking with

many of you during my fre-

quent visits across the country

that give me the enjoyable

opportunity to meet with

alumni and friends to hear

first-hand your thoughts about

our future.

It’s a great time to be at

Iowa State—a university filled

with so much pride and pur-

pose. We have a proud history

of academic and scientific

excellence and an even greater

promise of preeminence as our

ambitious goals and strategic

plan propel us toward higher

levels of distinction.

Thank you again for your

very generous support of Iowa

State University. It has been a

great pleasure to work with

so many wonderful supporters

over the last five years. t

GREGORY L. GEOFFROY

PRESIDENT

IOWA STATE UNIVERSITY

92 Million Reasons to Say Thank You

In fiscal year 2006,more than 54,000

benefactors made newgifts and commitmentsto the university total-ing almost $92 million.That’s like having 92million reasons to say“thank you” to thosewho believe in ourmission and the

future of Iowa State.

1

ConnectionsF A L L 2 0 0 6

Connections is published three times per year by the Iowa State UniversityFoundation—a private, non-profit corp-oration dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. Thismagazine serves as a link between IowaState and benefactors who support theuniversity. You are receiving this publica-tion as an important member of the Iowa State family. We welcome yourcomments, suggestions and questions.

Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: questions@foundation.iastate.edu

The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, gender identity, sex, maritalstatus, disability, or status as a U.S. veteran. Any persons having inquiriesconcerning this may contact humanresources, ISU Foundation, 515-294-4607.

Cara K. Heiden, Chair Urbandale, Iowa

Sandra L. Davis, Vice ChairEdina, Minn.

David W. Van Wert, SecretarySun City West, Ariz.

Steven T. Schuler, TreasurerUrbandale, Iowa

Lyle P. Campbell Paradise Valley, Ariz.

Gregory L. Geoffroy Ames, Iowa

Labh S. Hira Ames, Iowa

Sharon L. JuonWaterloo, Iowa

Gerald A. Kolschowsky Oak Brook, Ill.

Joanne M. Kuster Johnston, Iowa

Robert E. McLaughlinArlington, Va.

Owen J. NewlinDes Moines, Iowa

James P. SteinMuscatine, Iowa

Sheryl K. SundermanDallas, Texas

Roger C. UnderwoodAmes, Iowa

Marvin J. WalterAmes, Iowa

Stephen L. WatsonSouth Natick, Mass.

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

Daniel P. Saftig, presidentDebra Engle, senior vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, senior director of human resources and governance

July marked my fifthanniversary at IowaState and I would

like to thank all of thewonderful people that I have met and workedwith for making thisuniversity such a specialplace. I am especiallyproud of our achieve-ments in building theacademic excellence of the university, withoutstanding facultyand superb students. I am also extremelyproud of the privatesupport our universitygenerates from thou-sands of donors likeyou each year.

In fiscal year 2006, more than

54,000 benefactors made new

gifts and commitments to the

university totaling almost $92

million. That’s like having 92

million reasons to say “thank

you” to those who believe in

our mission and the future of

Iowa State. Our fundraising

efforts have significantly

increased from $38.2 million

in FY03, to $63.2 million in

FY04 to $83.2 million in

FY05—and I want to thank

all of you for being part of

this amazing effort.

While our private support

has been outstanding, we have

much work yet to do. I have

written in the past about our

upcoming comprehensive

fundraising campaign, one that

will be the largest ever at Iowa

State. By this time next year,

you will be hearing many more

details about this effort and

how we plan to transform this

university by creating, sharing

and applying knowledge to

improve lives worldwide.

This fall we are busy with

many exciting events. We will

be holding several medallion

ceremonies to install professors

into newly created endowed

faculty positions. These named

faculty positions allow Iowa

State to recruit and retain

world-class leaders who make a

lasting impact on our students

and research programs, and

one of my highest honors is

to recognize faculty members

in this manner.

On October 21, during

Homecoming Weekend, we

will hold the groundbreaking

ceremony for the Dr. W.

Eugene and Linda Lloyd

Veterinary Teaching Hospital,

a $51 million project made

possible through private sup-

port and funds provided by

the Iowa Legislature.

And I will be talking with

many of you during my fre-

quent visits across the country

that give me the enjoyable

opportunity to meet with

alumni and friends to hear

first-hand your thoughts about

our future.

It’s a great time to be at

Iowa State—a university filled

with so much pride and pur-

pose. We have a proud history

of academic and scientific

excellence and an even greater

promise of preeminence as our

ambitious goals and strategic

plan propel us toward higher

levels of distinction.

Thank you again for your

very generous support of Iowa

State University. It has been a

great pleasure to work with

so many wonderful supporters

over the last five years. t

GREGORY L. GEOFFROY

PRESIDENT

IOWA STATE UNIVERSITY

92 Million Reasons to Say Thank You

In fiscal year 2006,more than 54,000

benefactors made newgifts and commitmentsto the university total-ing almost $92 million.That’s like having 92million reasons to say“thank you” to thosewho believe in ourmission and the

future of Iowa State.

1

ConnectionsF A L L 2 0 0 6

Connections is published three times per year by the Iowa State UniversityFoundation—a private, non-profit corp-oration dedicated to securing and stewarding private gifts and grants that benefit Iowa State University. Thismagazine serves as a link between IowaState and benefactors who support theuniversity. You are receiving this publica-tion as an important member of the Iowa State family. We welcome yourcomments, suggestions and questions.

Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: questions@foundation.iastate.edu

The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, gender identity, sex, maritalstatus, disability, or status as a U.S. veteran. Any persons having inquiriesconcerning this may contact humanresources, ISU Foundation, 515-294-4607.

Cara K. Heiden, Chair Urbandale, Iowa

Sandra L. Davis, Vice ChairEdina, Minn.

David W. Van Wert, SecretarySun City West, Ariz.

Steven T. Schuler, TreasurerUrbandale, Iowa

Lyle P. Campbell Paradise Valley, Ariz.

Gregory L. Geoffroy Ames, Iowa

Labh S. Hira Ames, Iowa

Sharon L. JuonWaterloo, Iowa

Gerald A. Kolschowsky Oak Brook, Ill.

Joanne M. Kuster Johnston, Iowa

Robert E. McLaughlinArlington, Va.

Owen J. NewlinDes Moines, Iowa

James P. SteinMuscatine, Iowa

Sheryl K. SundermanDallas, Texas

Roger C. UnderwoodAmes, Iowa

Marvin J. WalterAmes, Iowa

Stephen L. WatsonSouth Natick, Mass.

IOWA STATE UNIVERSITY FOUNDATION BOARD OF DIRECTORS 2005-06

IOWA STATE UNIVERSITY FOUNDATION SENIOR MANAGEMENT TEAM

Daniel P. Saftig, presidentDebra Engle, senior vice president of developmentLisa Eslinger, vice president of financeShaun Keister, vice president of development outreachKevin Stow, senior director of human resources and governance

2

Cara Heiden is thevolunteer chair ofthe ISU Foundation

board of directors. Inthis capacity, she isultimately responsiblefor the direction, poli-cies and success of thefoundation. She is serving a two-yearterm which will expirein July 2007. Cara haslived in Iowa nearly all her life. Growing up in the small town of Denison, Caraattended high school,worked various jobsand helped with thefamily business.

“My father was a contractor-

builder in Denison. By watch-

ing him, I found what it means

to a family to own a home and

how happy they were when it

was completed,” recalls Cara.

“My father did the construc-

tion, my mother did all of the

wood finishing and I would

clean up the site for dad. It

was truly a family focus.”

After high school, Cara

moved to Nebraska where she

enrolled in Concordia Teachers

College. At the end of her

freshman year, she moved back

to Iowa to be closer to her ail-

ing father. She enrolled at Iowa

State and began to think more

about her career goals.

“I began asking myself

questions about the direction

I wanted my career to take,”

she says. “I loved math and

financial analytics. A friend of

mine was pursuing a degree in

accounting and he convinced

me that I’d use my skills more

as a certified public accountant.”

It paid off and has led to a

successful career. Cara is the

division president for Wells

Fargo Home Mortgage and is

the highest ranking woman in

mortgage banking. With 28,000

employees in all 50 states,

Wells Fargo produced over

$392 billion in mortgage fund-

ing last year alone. “I absolutely

love what I do,” she says.

Today, Cara, her husband

Kurt, and their three daughters,

Erica, Emily and Ellie, live in

Urbandale, Iowa. Cara works

hard to balance the demands of

a career with the other passions

in her life—family, church and

volunteer activities. At Iowa

State University, Cara is an

Order of the Knoll member,

sits on the College of Business

dean’s advisory council, serves

as an ISU Foundation governor

and is chair of the ISU

Foundation’s board of directors.

“I’m personally very pas-

sionate about Iowa State,” Cara

says. “When I look back at my

years at ISU, I really appreciate

the relationships I had with the

professors. Many of them were

very important in my life and

I want future ISU students to

have the same experiences.”

Cara sees her involvement

with Iowa State as both a way

to give back to her alma mater,

but also as an investment in

education and the future.

“I have been very blessed in

my life and I feel very strongly

that it’s my responsibility to

give back,” she says. “By con-

tributing financially, I can

acknowledge what Iowa State

did for me, but I also have the

opportunity to make the future

even more exciting for ISU.”

In addition to her involve-

ment with Iowa State, Cara is

active with several organiza-

tions including the United Way

of Central Iowa, Iowa Business

Council, Habitat for Humanity

and Trinity Lutheran Church.

“It’s personally very satisfy-

ing when you find something

you’re passionate about, take a

leadership position and provide

financial support. That’s how

you can really make a differ-

ence,” she said. t

Board Chair is Passionate About Iowa State

Bryce Pearsall, FAIAis one of those busypeople who still

makes time for others. A1971 graduate of IowaState with a bachelor’sdegree in architecture,Bryce is one of fourmanaging principals in the DLR Group,ranked the 13th largestarchitectural and engi-neering firm in thenation according toBuilding Design andConstruction magazine.

With 14 offices and 500

employees across the United

States, he spends a lot of time

traveling from his home base in

Phoenix, Ariz. But still, when

he was asked to join the archi-

tecture advisory council in

1997, he answered the call.

Recently Bryce has moved

on to serve as president

of ISU College of Design’s

advancement council where

he is helping the college realize

its development goals—both

personally and professionally.

Bryce and his wife, Rita

(who also attended Iowa State

as did their daughter, Regan, a

2004 graduate) have now made

a significant commitment to

help fund a 22,000-square-foot

building to house studio space

for students within the college.

Combined with contributions

from DLR Group, on behalf of

its ISU employees, a commit-

ment to education in the

College of Design is clearly

embedded from the Pearsall’s

and DLR Group.

“The College of Design

strongly needs the expansion

of facilities and programs as

well as assistance for staff,”

says Bryce. “This is a real area

of interest for us and the place

we felt we could help.”

This is not the first time the

Pearsalls or the DLR Group have

contributed funds to Iowa State.

In addition, Bryce and the com-

pany have heavily recruited ISU

College of Design and College of

Engineering graduates for years.

“Right now we have about 30 or

40 Iowa State graduates on our

staff, and we stay involved on

behalf of all the alumni in our

company,” he says.

“There are great leaders and

great faculty within the College

of Design,” Bryce says. “And

Iowa State has tremendous

leadership. There is an ethic

and a commitment at Iowa

State that is unsurpassed in

the country.”

Bryce says the new struc-

ture, which will also foster sus-

tainable design practice, will be

a “tremendous asset in thought

provocation for the students.

It will offer space where the

students can do work that is

philosophically in tune with

where our profession and the

world need to be going.”

Since becoming active as an

alum in the mid-90s, Bryce has

taken great pleasure in his time

spent at Iowa State with faculty

and students. “These last 10

years have been invaluable. I

couldn’t put a price tag on it.

I learn from the students, and,

hopefully, the students learn

from me. It’s been a ball!” t

New Studio Space Will Benefit Students

3

Rita and Bryce Pearsall

Cara Heiden is division president forWells Fargo Home Mortgage andchair of the ISU Foundation board of directors.

2

Cara Heiden is thevolunteer chair ofthe ISU Foundation

board of directors. Inthis capacity, she isultimately responsiblefor the direction, poli-cies and success of thefoundation. She is serving a two-yearterm which will expirein July 2007. Cara haslived in Iowa nearly all her life. Growing up in the small town of Denison, Caraattended high school,worked various jobsand helped with thefamily business.

“My father was a contractor-

builder in Denison. By watch-

ing him, I found what it means

to a family to own a home and

how happy they were when it

was completed,” recalls Cara.

“My father did the construc-

tion, my mother did all of the

wood finishing and I would

clean up the site for dad. It

was truly a family focus.”

After high school, Cara

moved to Nebraska where she

enrolled in Concordia Teachers

College. At the end of her

freshman year, she moved back

to Iowa to be closer to her ail-

ing father. She enrolled at Iowa

State and began to think more

about her career goals.

“I began asking myself

questions about the direction

I wanted my career to take,”

she says. “I loved math and

financial analytics. A friend of

mine was pursuing a degree in

accounting and he convinced

me that I’d use my skills more

as a certified public accountant.”

It paid off and has led to a

successful career. Cara is the

division president for Wells

Fargo Home Mortgage and is

the highest ranking woman in

mortgage banking. With 28,000

employees in all 50 states,

Wells Fargo produced over

$392 billion in mortgage fund-

ing last year alone. “I absolutely

love what I do,” she says.

Today, Cara, her husband

Kurt, and their three daughters,

Erica, Emily and Ellie, live in

Urbandale, Iowa. Cara works

hard to balance the demands of

a career with the other passions

in her life—family, church and

volunteer activities. At Iowa

State University, Cara is an

Order of the Knoll member,

sits on the College of Business

dean’s advisory council, serves

as an ISU Foundation governor

and is chair of the ISU

Foundation’s board of directors.

“I’m personally very pas-

sionate about Iowa State,” Cara

says. “When I look back at my

years at ISU, I really appreciate

the relationships I had with the

professors. Many of them were

very important in my life and

I want future ISU students to

have the same experiences.”

Cara sees her involvement

with Iowa State as both a way

to give back to her alma mater,

but also as an investment in

education and the future.

“I have been very blessed in

my life and I feel very strongly

that it’s my responsibility to

give back,” she says. “By con-

tributing financially, I can

acknowledge what Iowa State

did for me, but I also have the

opportunity to make the future

even more exciting for ISU.”

In addition to her involve-

ment with Iowa State, Cara is

active with several organiza-

tions including the United Way

of Central Iowa, Iowa Business

Council, Habitat for Humanity

and Trinity Lutheran Church.

“It’s personally very satisfy-

ing when you find something

you’re passionate about, take a

leadership position and provide

financial support. That’s how

you can really make a differ-

ence,” she said. t

Board Chair is Passionate About Iowa State

Bryce Pearsall, FAIAis one of those busypeople who still

makes time for others. A1971 graduate of IowaState with a bachelor’sdegree in architecture,Bryce is one of fourmanaging principals in the DLR Group,ranked the 13th largestarchitectural and engi-neering firm in thenation according toBuilding Design andConstruction magazine.

With 14 offices and 500

employees across the United

States, he spends a lot of time

traveling from his home base in

Phoenix, Ariz. But still, when

he was asked to join the archi-

tecture advisory council in

1997, he answered the call.

Recently Bryce has moved

on to serve as president

of ISU College of Design’s

advancement council where

he is helping the college realize

its development goals—both

personally and professionally.

Bryce and his wife, Rita

(who also attended Iowa State

as did their daughter, Regan, a

2004 graduate) have now made

a significant commitment to

help fund a 22,000-square-foot

building to house studio space

for students within the college.

Combined with contributions

from DLR Group, on behalf of

its ISU employees, a commit-

ment to education in the

College of Design is clearly

embedded from the Pearsall’s

and DLR Group.

“The College of Design

strongly needs the expansion

of facilities and programs as

well as assistance for staff,”

says Bryce. “This is a real area

of interest for us and the place

we felt we could help.”

This is not the first time the

Pearsalls or the DLR Group have

contributed funds to Iowa State.

In addition, Bryce and the com-

pany have heavily recruited ISU

College of Design and College of

Engineering graduates for years.

“Right now we have about 30 or

40 Iowa State graduates on our

staff, and we stay involved on

behalf of all the alumni in our

company,” he says.

“There are great leaders and

great faculty within the College

of Design,” Bryce says. “And

Iowa State has tremendous

leadership. There is an ethic

and a commitment at Iowa

State that is unsurpassed in

the country.”

Bryce says the new struc-

ture, which will also foster sus-

tainable design practice, will be

a “tremendous asset in thought

provocation for the students.

It will offer space where the

students can do work that is

philosophically in tune with

where our profession and the

world need to be going.”

Since becoming active as an

alum in the mid-90s, Bryce has

taken great pleasure in his time

spent at Iowa State with faculty

and students. “These last 10

years have been invaluable. I

couldn’t put a price tag on it.

I learn from the students, and,

hopefully, the students learn

from me. It’s been a ball!” t

New Studio Space Will Benefit Students

3

Rita and Bryce Pearsall

Cara Heiden is division president forWells Fargo Home Mortgage andchair of the ISU Foundation board of directors.

Many faculty, students and programs at Iowa

State University willbenefit from a recent$12 million bequestfrom Iowa State alum-na, Frances Craig. Oneof the largest gifts onrecord at ISU comesfrom the 1949 homeeconomics graduatewho passed away onNov. 26, 2005 at age 79.

“Frances, or Frannie as we

called her, always knew she

was going to leave her assets

to Iowa State

but she never

talked about

it,” says Midge

Toole, Frances’

cousin. “She

never wanted

to call attention to herself. She

liked staying in the background.”

Even as a kid growing up in

Des Moines, Frances was quiet

and shy. Her parents, Mary

and Dan Craig, came from big

families, so Frances was always

surrounded by many aunts,

uncles and cousins living

nearby. Only one year apart

in age, Frances and her cousin,

Midge, became very close.

“I would stay overnight with

Frannie often. Like her, I was

also an only child so we got

thrown together a lot,” recalls

Midge. “She was very quiet and

unassuming. You could often

find her off alone somewhere

reading a book. It wasn’t until

her early teens that she began

participating more.”

Frances’ extended family

was large and very close-knit.

They did the traditional family

activities together, celebrated

holidays and birthdays and also

shared a strong affection for

Iowa State University.

“Frannie’s dad, Dan Craig,

not only graduated from ISU

but became president of the

ISU Alumni Association in

1939. My father, two of his

brothers and six cousins all

went to Iowa State,” Midge

laughs. “As far as our family

was concerned, you were going

to attend ISU, there was really

no decision to be made.”

Frances followed in her

family’s footsteps. After a year

at William Woods College, an

all-girls school in Missouri,

Frances enrolled at Iowa State.

She became active in her soror-

ity and graduated in 1949 with

a bachelor’s degree in home

economics.

“I think she was very happy

at ISU,” recalls Midge. “We

were in the same sorority and

she got involved a bit with the

group activities. She was there

to do her part and do it well.”

Upon graduation, Frances

taught home economics in a

high school on the west coast

for a couple of years before

moving to the Chicago area.

There, she worked as an execu-

tive secretary for the Greyhound

Corporation. While in Illinois,

Frances earned a master’s

degree in education and discov-

ered a love for traveling. She

toured around the United

States and visited several coun-

tries including China, England,

Ireland and Scotland.

“I remember a trip we took

to Hawaii in 1952. Frannie

loved it there, but she was not a

sun-lover. We would sit around

the pool and Frannie would sit

there in a long sleeved shirt and

a towel over her face and legs

just looking like a mummy,”

laughs Midge. “But she loved

to explore and see the sights.”

Frances, who was often

described as “her father’s

daughter” because of their close

relationship and similar man-

nerisms, also visited Iowa often.

Dan Craig died in 1958 and

when his wife, Mary, died in

1991, Frances received a large

inheritance. Soon after she

established her will, and

because Frances had no chil-

dren and never married, she

decided to leave the bulk of

her estate to Iowa State as a

way to honor her parents.

“I believe Frannie did it as a

way to honor her father,” Midge

explains. “She absolutely adored

him and the whole family loved

Alumna Honors Family with $12 Million Gift to Iowa State

4 ISU, so it was a way to honor

him more than anything.”

Frances died on November

26, 2005, at the age of 79, and

left behind a great legacy. Her

bequest, combined with past

family gifts to Iowa State,

created the Craig Family Fund;

with earnings to be used at ISU

for areas of greatest need.

“The gift made by Frances

Craig is a wonderful example

of how ISU’s alumni keep this

university great,” says ISU

President Gregory Geoffroy.

“This gift will help Iowa State

continue on the path of aca-

demic excellence while sup-

porting our incredible faculty

and students, and for that we

are truly grateful.” tFrances Craig

Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.

“This gift will helpIowa State continue

on the path of academic excellencewhile supporting ourincredible faculty andstudents, and for thatwe are truly grateful.”

5

Many faculty, students and programs at Iowa State

University will benefit from a recent $12 million

bequest from Iowa State alumna, Frances Craig.

Combined with past family gifts, the bequest con-

stitutes the Craig Family Fund, an endowment

with earnings directed to strategic priorities at the

president’s discretion. With faculty support at the

top of the priority list, ISU President Gregory L.

Geoffroy utilized initial earnings to establish the

Frances M. Craig Chair in Chemistry. Professor

Mark Gordon, whose research focuses on areas

of theoretical and computational chemistry, was

recently honored with this distinguished position.

“It’s very meaningful that the university has

chosen to recognize me in this way,” said Mark

Gordon, Frances M. Craig Chair in Chemistry. “It’s

a validation of what I have accomplished and it’s

also a little bit humbling because there are so

many great people at ISU.”

In addition to the honor and prestige associat-

ed with holding a named position, it also allows

Iowa State to remain competitive for top faculty.

“A gift of this nature gives President Geoffroy

the resources to act when opportunities arise that

will both reward and retain our outstanding facul-

ty,” said Dan Saftig, ISU Foundation president. t

Craig Family Fund Bestows Honor and Support to Faculty

Many faculty, students and programs at Iowa

State University willbenefit from a recent$12 million bequestfrom Iowa State alum-na, Frances Craig. Oneof the largest gifts onrecord at ISU comesfrom the 1949 homeeconomics graduatewho passed away onNov. 26, 2005 at age 79.

“Frances, or Frannie as we

called her, always knew she

was going to leave her assets

to Iowa State

but she never

talked about

it,” says Midge

Toole, Frances’

cousin. “She

never wanted

to call attention to herself. She

liked staying in the background.”

Even as a kid growing up in

Des Moines, Frances was quiet

and shy. Her parents, Mary

and Dan Craig, came from big

families, so Frances was always

surrounded by many aunts,

uncles and cousins living

nearby. Only one year apart

in age, Frances and her cousin,

Midge, became very close.

“I would stay overnight with

Frannie often. Like her, I was

also an only child so we got

thrown together a lot,” recalls

Midge. “She was very quiet and

unassuming. You could often

find her off alone somewhere

reading a book. It wasn’t until

her early teens that she began

participating more.”

Frances’ extended family

was large and very close-knit.

They did the traditional family

activities together, celebrated

holidays and birthdays and also

shared a strong affection for

Iowa State University.

“Frannie’s dad, Dan Craig,

not only graduated from ISU

but became president of the

ISU Alumni Association in

1939. My father, two of his

brothers and six cousins all

went to Iowa State,” Midge

laughs. “As far as our family

was concerned, you were going

to attend ISU, there was really

no decision to be made.”

Frances followed in her

family’s footsteps. After a year

at William Woods College, an

all-girls school in Missouri,

Frances enrolled at Iowa State.

She became active in her soror-

ity and graduated in 1949 with

a bachelor’s degree in home

economics.

“I think she was very happy

at ISU,” recalls Midge. “We

were in the same sorority and

she got involved a bit with the

group activities. She was there

to do her part and do it well.”

Upon graduation, Frances

taught home economics in a

high school on the west coast

for a couple of years before

moving to the Chicago area.

There, she worked as an execu-

tive secretary for the Greyhound

Corporation. While in Illinois,

Frances earned a master’s

degree in education and discov-

ered a love for traveling. She

toured around the United

States and visited several coun-

tries including China, England,

Ireland and Scotland.

“I remember a trip we took

to Hawaii in 1952. Frannie

loved it there, but she was not a

sun-lover. We would sit around

the pool and Frannie would sit

there in a long sleeved shirt and

a towel over her face and legs

just looking like a mummy,”

laughs Midge. “But she loved

to explore and see the sights.”

Frances, who was often

described as “her father’s

daughter” because of their close

relationship and similar man-

nerisms, also visited Iowa often.

Dan Craig died in 1958 and

when his wife, Mary, died in

1991, Frances received a large

inheritance. Soon after she

established her will, and

because Frances had no chil-

dren and never married, she

decided to leave the bulk of

her estate to Iowa State as a

way to honor her parents.

“I believe Frannie did it as a

way to honor her father,” Midge

explains. “She absolutely adored

him and the whole family loved

Alumna Honors Family with $12 Million Gift to Iowa State

4 ISU, so it was a way to honor

him more than anything.”

Frances died on November

26, 2005, at the age of 79, and

left behind a great legacy. Her

bequest, combined with past

family gifts to Iowa State,

created the Craig Family Fund;

with earnings to be used at ISU

for areas of greatest need.

“The gift made by Frances

Craig is a wonderful example

of how ISU’s alumni keep this

university great,” says ISU

President Gregory Geoffroy.

“This gift will help Iowa State

continue on the path of aca-

demic excellence while sup-

porting our incredible faculty

and students, and for that we

are truly grateful.” tFrances Craig

Mark Gordon, distinguished professor, is the first Frances M. Craig Chair in Chemistry.

“This gift will helpIowa State continue

on the path of academic excellencewhile supporting ourincredible faculty andstudents, and for thatwe are truly grateful.”

5

Many faculty, students and programs at Iowa State

University will benefit from a recent $12 million

bequest from Iowa State alumna, Frances Craig.

Combined with past family gifts, the bequest con-

stitutes the Craig Family Fund, an endowment

with earnings directed to strategic priorities at the

president’s discretion. With faculty support at the

top of the priority list, ISU President Gregory L.

Geoffroy utilized initial earnings to establish the

Frances M. Craig Chair in Chemistry. Professor

Mark Gordon, whose research focuses on areas

of theoretical and computational chemistry, was

recently honored with this distinguished position.

“It’s very meaningful that the university has

chosen to recognize me in this way,” said Mark

Gordon, Frances M. Craig Chair in Chemistry. “It’s

a validation of what I have accomplished and it’s

also a little bit humbling because there are so

many great people at ISU.”

In addition to the honor and prestige associat-

ed with holding a named position, it also allows

Iowa State to remain competitive for top faculty.

“A gift of this nature gives President Geoffroy

the resources to act when opportunities arise that

will both reward and retain our outstanding facul-

ty,” said Dan Saftig, ISU Foundation president. t

Craig Family Fund Bestows Honor and Support to Faculty

It isn’t easy sustaininga relevant and up-to-date library in today’s

fast-paced world oftechnology. Times havechanged in many ways,and the good news is that students areusing the Iowa StateUniversity Librarymore than ever before.

A library is the hub of any cam-

pus, and today’s students need

electronic information services

and technology support as well

as excellent in-house research

collections and services.

A recent gift of $266,280

to the ISU Library from the

Roy J. Carver Charitable Trust

will enhance this already

popular place. It will transform

the library’s central reference

service into a new Learning

Connections Center with a

whole new set of resources,

including digital tools within

creative learning spaces for

student groups and individual

study.

To create the center, library

staff expect to radically change

the current reference collec-

tions area. A new learning hub

is designed as the heart of the

space. It will be located on the

first floor and visible to all who

enter the Parks Library.

“Right now we have some

low tech group rooms on the

upper floors with chalkboards,”

says Olivia Madison, dean of

the library. “The Learning

Connections Center will build

upon those group environ-

ments, connecting the students

with high tech resources and

research staff.”

Madison is enthused about

the possibilities. “We will be

merging our reference serv-

ice—a very high-end informa-

tion service provided by the

librarians—and technology

support while matching library

collections with student and

faculty research needs,” she

says. “Centralizing this in one

location creates one-stop shop-

ping, including information

technology support, hardware

and software to assist student

projects. Students can work as

individuals or together in

teams with library reference

tools and collections nearby.”

Collaborative clusters with

computer workstations will

host small student groups. In

multimedia studios, students

can work together with tech-

nology and specialized media

equipment. Also planned are

additional study tables, a pres-

entation room with multimedia

equipment, expansive tempo-

rary electronic lockers and a

soft seating area. Within the

center, students can easily stay

connected while completing

their academic work.

“Both the physical and elec-

tronic library have strong sup-

port from students,” Madison

says. “This is a place where stu-

dents and faculty come together

to meet interdisciplinary needs.

The fact that the Carver Trust

embraced our vision and funded

it so generously is very gratify-

ing to all of us.”

The Roy J. Carver Charitable

Trust was established in 1982

through the will of Roy J.

Carver, an Iowa industrialist

and philanthropist. The Carver

Trust is one of Iowa State’s

largest donors and has funded

many of the university’s most

innovative programs. t

Carver Trust Gift Creates a Library Learning Center

6

Olivia Madison, dean of the Iowa State University Library, shows off the areafor the new Learning Connections Center.

Imagine enrolling in an Iowa StateUniversity business

course and findingyourself actually mak-ing recommendationsfor the management of a portfolio of assetsworth $50 million or more. Thanks to a $250,000 pledgefrom AEGON USA’sTransamerica LifeInsurance Company of Cedar Rapids, Iowa,this tremendous oppor-tunity awaits studentsof two new College ofBusiness fixed-incomecourses.

“The custom-fit interaction

will give the students incredi-

ble real-life experiences,” says

Farah Yunus, assistant profes-

sor of finance who will teach

the 400-level courses, “provid-

ing them with wonderful

opportunities as they begin

the job search process.”

The first of the two courses

teaches students the skills they

need to manage a portfolio.

The second challenges them

to apply what they’ve learned

by becoming a part of the

company’s investment depart-

ment. Students actually spend

time on the trading floor as

AEGON employees assist

College of Business faculty

in instructing the students.

Already 53 students have

benefited from AEGON’s gen-

erosity, having taken the first

of the two courses last spring.

The second course is offered

this fall.

College of Business alum-

nus Peter Gilman, a 1986

finance graduate and now

president of Transamerica’s

Extraordinary Markets

Division, was a key force

behind the creation of these

courses. “We’ve learned that

the best way to demonstrate

the dynamics and challenges

of our business and to develop

a solid understanding of the

students’ abilities is through

working closely together,”

Gilman says.

The experience will be

unique for both students

and employees of AEGON,

a global leader in insurance

products with six divisions

and major business units and

more than 2,700 employees

located in its Cedar Rapids

offices. t

Real-Life Business Experience on the AEGON Trading Floor

Above: Farah Yunus, assistant professor of finance, will teach newcourses on portfolio management.

Right: Peter Gilman, president of Transamerica’s ExtraordinaryMarkets Division.

7

The custom-fit interaction will give

the students incrediblereal-life experiences.

It isn’t easy sustaininga relevant and up-to-date library in today’s

fast-paced world oftechnology. Times havechanged in many ways,and the good news is that students areusing the Iowa StateUniversity Librarymore than ever before.

A library is the hub of any cam-

pus, and today’s students need

electronic information services

and technology support as well

as excellent in-house research

collections and services.

A recent gift of $266,280

to the ISU Library from the

Roy J. Carver Charitable Trust

will enhance this already

popular place. It will transform

the library’s central reference

service into a new Learning

Connections Center with a

whole new set of resources,

including digital tools within

creative learning spaces for

student groups and individual

study.

To create the center, library

staff expect to radically change

the current reference collec-

tions area. A new learning hub

is designed as the heart of the

space. It will be located on the

first floor and visible to all who

enter the Parks Library.

“Right now we have some

low tech group rooms on the

upper floors with chalkboards,”

says Olivia Madison, dean of

the library. “The Learning

Connections Center will build

upon those group environ-

ments, connecting the students

with high tech resources and

research staff.”

Madison is enthused about

the possibilities. “We will be

merging our reference serv-

ice—a very high-end informa-

tion service provided by the

librarians—and technology

support while matching library

collections with student and

faculty research needs,” she

says. “Centralizing this in one

location creates one-stop shop-

ping, including information

technology support, hardware

and software to assist student

projects. Students can work as

individuals or together in

teams with library reference

tools and collections nearby.”

Collaborative clusters with

computer workstations will

host small student groups. In

multimedia studios, students

can work together with tech-

nology and specialized media

equipment. Also planned are

additional study tables, a pres-

entation room with multimedia

equipment, expansive tempo-

rary electronic lockers and a

soft seating area. Within the

center, students can easily stay

connected while completing

their academic work.

“Both the physical and elec-

tronic library have strong sup-

port from students,” Madison

says. “This is a place where stu-

dents and faculty come together

to meet interdisciplinary needs.

The fact that the Carver Trust

embraced our vision and funded

it so generously is very gratify-

ing to all of us.”

The Roy J. Carver Charitable

Trust was established in 1982

through the will of Roy J.

Carver, an Iowa industrialist

and philanthropist. The Carver

Trust is one of Iowa State’s

largest donors and has funded

many of the university’s most

innovative programs. t

Carver Trust Gift Creates a Library Learning Center

6

Olivia Madison, dean of the Iowa State University Library, shows off the areafor the new Learning Connections Center.

Imagine enrolling in an Iowa StateUniversity business

course and findingyourself actually mak-ing recommendationsfor the management of a portfolio of assetsworth $50 million or more. Thanks to a $250,000 pledgefrom AEGON USA’sTransamerica LifeInsurance Company of Cedar Rapids, Iowa,this tremendous oppor-tunity awaits studentsof two new College ofBusiness fixed-incomecourses.

“The custom-fit interaction

will give the students incredi-

ble real-life experiences,” says

Farah Yunus, assistant profes-

sor of finance who will teach

the 400-level courses, “provid-

ing them with wonderful

opportunities as they begin

the job search process.”

The first of the two courses

teaches students the skills they

need to manage a portfolio.

The second challenges them

to apply what they’ve learned

by becoming a part of the

company’s investment depart-

ment. Students actually spend

time on the trading floor as

AEGON employees assist

College of Business faculty

in instructing the students.

Already 53 students have

benefited from AEGON’s gen-

erosity, having taken the first

of the two courses last spring.

The second course is offered

this fall.

College of Business alum-

nus Peter Gilman, a 1986

finance graduate and now

president of Transamerica’s

Extraordinary Markets

Division, was a key force

behind the creation of these

courses. “We’ve learned that

the best way to demonstrate

the dynamics and challenges

of our business and to develop

a solid understanding of the

students’ abilities is through

working closely together,”

Gilman says.

The experience will be

unique for both students

and employees of AEGON,

a global leader in insurance

products with six divisions

and major business units and

more than 2,700 employees

located in its Cedar Rapids

offices. t

Real-Life Business Experience on the AEGON Trading Floor

Above: Farah Yunus, assistant professor of finance, will teach newcourses on portfolio management.

Right: Peter Gilman, president of Transamerica’s ExtraordinaryMarkets Division.

7

The custom-fit interaction will give

the students incrediblereal-life experiences.

Pioneering Alumna EstablishesScholarship for Future Scientists

8

Iowa State Universityalumna, BernicePaige, is truly a pio-

neer in chemistry andnuclear sciences. Nowretired with a success-ful career behind her,Bernice remembers thesupport she receivedthat helped her pay forcollege, as a youngwoman back in 1941.

“I was planning to attend Iowa

State no matter what. I had

$25 in my pocket and a job at

the dime store,” recalls Bernice.

“Then C.Y. Stephens, who had

given money to Iowa State in

the past, decided to give me

his first scholarship. I received

$50 each quarter and used the

money to pay for my tuition

and some of my books.”

Bernice remembers the

difference that made to her

and wanted to do the same for

young women faced with simi-

lar financial challenges. By nam-

ing Iowa State University in

her will, she’s able to help future

scientists through the Bernice E.

Paige Scholarship in Chemical

and Biological Engineering.

“I had to work a lot while I

was taking classes and I know

how hard it is. This scholarship

will go to kids who can’t make

it all the way on their own.”

Bernice had an extremely

successful career punctuated by

many great accomplishments,

though it was not always easy.

As a female entering the work-

force 60 years ago with a

degree in chemical technology,

Bernice realized she was forg-

ing new territory.

“I was looking for a job

after graduation and I had

companies tell me, ‘We’d love to

hire you, but we don’t even have

a women’s restroom.’ I wanted

to say, ‘I don’t care,’” laughs

Bernice. “DuPont offered me an

interview in Buffalo, N.Y. They

were so impressed with my

background and education, they

offered me a position on the

spot. As a woman in the indus-

try, that was very unusual.”

Three years after Bernice

began working for DuPont,

she married David Paige, also

a chemical engineer. In 1951,

they both joined DuPont’s team

training for the Savannah River

Plant. A year later, they moved

to Idaho where they spent the

rest of their careers working at

the Idaho National Engineering

Laboratory in Idaho Falls.

“I had the opportunity to

work on projects that received

a lot of exposure and high

acclaim,” explains Bernice.

“Most of my research was

highly classified and I earned

two patents for some of my

early work.”

Bernice became well-known

throughout the nuclear indus-

try and earned many awards

over the years. She retired in

1981 and received her most

distinguished honor 10 years

later, when she was named the

first recipient of the American

Nuclear Society’s Women’s

Achievement Award.

Today, her plaques hang

proudly on her wall, though

she remains modest about the

contributions she’s made to her

field, instead focusing on future

scientists.

“I wouldn’t have anything

if someone didn’t help me get

my degree. I got an outstanding

education at Iowa State,” says

Bernice. “I’m very happy to

give back and help young

people find success.” t

Chemistry Graduate Opens Doors to the World of Science

Rhonda Rush alwayshas Iowa State onher mind. Ever

since she left campusin 1975 with her doc-torate in chemistryshe’s been determinedto give back. That’swhy last year, after agreat deal of carefulthought, Rhonda desig-nated a total of$500,000 in deferredcommitments to thechemistry departmentto be used for thedepartment’s generalscholarship fund.

Rhonda (Ph.D. ’75) lives

in Chicago where she has

worked for the S & C Electric

Company (specialists in electric

power switching and protec-

tion) for nearly 25 years—most

recently as senior materials sci-

entist. She returns to campus

twice a year to serve on the

College of Liberal Arts and

Sciences dean’s advisory council,

and has stayed in contact with

her major professor, Don S.

Martin, now retired.

She has also kept in

touch with the two

other female chem-

istry students in her

class. “I worked at

the Ames Laboratory,”

she says, “and lived off

campus in a trailer. We

went to the computer

center a lot, played ten-

nis, worked really hard and had

a lot of fun.”

Rhonda believes it’s impor-

tant for everyone to keep their

alma mater top of mind. “I’ve

always had Iowa State in my

will,” she recalls. “I decided to

do it right after I left campus.

I had such a great time

there, and I think it’s

important to remem-

ber our institutions

of learning. If I didn’t

go to college, I’d

have a very different

job than I do now.”

She has been a

long-time supporter of

Iowa State University,

and her most recent commit-

ment will go a long way to help

future chemistry students make

their way into the world of sci-

ence—just like Rhonda. t

Bernice Paige

9

Rhonda Rush

Students in a chemical and biologicalengineering class.

Students in the chemistry department work on projects.

Pioneering Alumna EstablishesScholarship for Future Scientists

8

Iowa State Universityalumna, BernicePaige, is truly a pio-

neer in chemistry andnuclear sciences. Nowretired with a success-ful career behind her,Bernice remembers thesupport she receivedthat helped her pay forcollege, as a youngwoman back in 1941.

“I was planning to attend Iowa

State no matter what. I had

$25 in my pocket and a job at

the dime store,” recalls Bernice.

“Then C.Y. Stephens, who had

given money to Iowa State in

the past, decided to give me

his first scholarship. I received

$50 each quarter and used the

money to pay for my tuition

and some of my books.”

Bernice remembers the

difference that made to her

and wanted to do the same for

young women faced with simi-

lar financial challenges. By nam-

ing Iowa State University in

her will, she’s able to help future

scientists through the Bernice E.

Paige Scholarship in Chemical

and Biological Engineering.

“I had to work a lot while I

was taking classes and I know

how hard it is. This scholarship

will go to kids who can’t make

it all the way on their own.”

Bernice had an extremely

successful career punctuated by

many great accomplishments,

though it was not always easy.

As a female entering the work-

force 60 years ago with a

degree in chemical technology,

Bernice realized she was forg-

ing new territory.

“I was looking for a job

after graduation and I had

companies tell me, ‘We’d love to

hire you, but we don’t even have

a women’s restroom.’ I wanted

to say, ‘I don’t care,’” laughs

Bernice. “DuPont offered me an

interview in Buffalo, N.Y. They

were so impressed with my

background and education, they

offered me a position on the

spot. As a woman in the indus-

try, that was very unusual.”

Three years after Bernice

began working for DuPont,

she married David Paige, also

a chemical engineer. In 1951,

they both joined DuPont’s team

training for the Savannah River

Plant. A year later, they moved

to Idaho where they spent the

rest of their careers working at

the Idaho National Engineering

Laboratory in Idaho Falls.

“I had the opportunity to

work on projects that received

a lot of exposure and high

acclaim,” explains Bernice.

“Most of my research was

highly classified and I earned

two patents for some of my

early work.”

Bernice became well-known

throughout the nuclear indus-

try and earned many awards

over the years. She retired in

1981 and received her most

distinguished honor 10 years

later, when she was named the

first recipient of the American

Nuclear Society’s Women’s

Achievement Award.

Today, her plaques hang

proudly on her wall, though

she remains modest about the

contributions she’s made to her

field, instead focusing on future

scientists.

“I wouldn’t have anything

if someone didn’t help me get

my degree. I got an outstanding

education at Iowa State,” says

Bernice. “I’m very happy to

give back and help young

people find success.” t

Chemistry Graduate Opens Doors to the World of Science

Rhonda Rush alwayshas Iowa State onher mind. Ever

since she left campusin 1975 with her doc-torate in chemistryshe’s been determinedto give back. That’swhy last year, after agreat deal of carefulthought, Rhonda desig-nated a total of$500,000 in deferredcommitments to thechemistry departmentto be used for thedepartment’s generalscholarship fund.

Rhonda (Ph.D. ’75) lives

in Chicago where she has

worked for the S & C Electric

Company (specialists in electric

power switching and protec-

tion) for nearly 25 years—most

recently as senior materials sci-

entist. She returns to campus

twice a year to serve on the

College of Liberal Arts and

Sciences dean’s advisory council,

and has stayed in contact with

her major professor, Don S.

Martin, now retired.

She has also kept in

touch with the two

other female chem-

istry students in her

class. “I worked at

the Ames Laboratory,”

she says, “and lived off

campus in a trailer. We

went to the computer

center a lot, played ten-

nis, worked really hard and had

a lot of fun.”

Rhonda believes it’s impor-

tant for everyone to keep their

alma mater top of mind. “I’ve

always had Iowa State in my

will,” she recalls. “I decided to

do it right after I left campus.

I had such a great time

there, and I think it’s

important to remem-

ber our institutions

of learning. If I didn’t

go to college, I’d

have a very different

job than I do now.”

She has been a

long-time supporter of

Iowa State University,

and her most recent commit-

ment will go a long way to help

future chemistry students make

their way into the world of sci-

ence—just like Rhonda. t

Bernice Paige

9

Rhonda Rush

Students in a chemical and biologicalengineering class.

Students in the chemistry department work on projects.

The differencebetween a good university and a

truly great university is the people, ISUPresident GregoryGeoffroy often pointsout. Iowa State hasexceptional studentsand faculty, and increas-ing private support isthe key to attractingand retaining such outstanding people.

Private support for faculty

positions—like professorships,

chairs and fellowships—

attracts the nation’s most out-

standing scholars to Iowa State

and keeps them here for teach-

ing and scientific research.

Results of their work not only

benefit students, but can also

positively impact society.

Endowed positions also help

support course development,

graduate assistants, laboratory

equipment, salary enhance-

ments, and professional

development. Two named profes-

sorships announced last spring

are designed to do just that.

Renken ProfessorshipThe Alan and Julie Renken

Professorship in Materials

Science and Engineering may

lead to safer jet engines. The

new professorship was presented

in April to Brian Gleeson, an

Iowa State professor of materi-

als science and engineering

who develops new alloys and

coatings that can withstand

high temperatures.

Gleeson leads an award-

winning research team that

develops coating compositions

to help turbine blades resist the

heat of jet engines. As a result,

travelers around the world could

experience jet engines that last

longer and are more reliable.

Support for student training, sci-

entific advancement and patents

that could be licensed to indus-

try may now become reality.

Alan Renken, who with his

wife Julie committed funding

for the professorship, is a 1967

Iowa State graduate in engineer-

ing operations. He retired in

2003 from his position as presi-

dent of primary metals for Alcoa.

Donors like the Renkens

make dreams come true. Mufit

Akinc, professor and chair of

materials science and engineer-

ing, says the Renken commit-

ment will be a big boost to the

department. “This is something

I’ve been waiting to have for so

long,” Akinc says.

‘If-Only’ Ideas Become Real Through Professorships

Gleeson agrees. This new

professorship “will allow me

the opportunity to explore

ideas that may have been left

in the ‘if-only’ basket,” he says.

Armbrust ProfessorshipEvolving bovine embryo trans-

fer to advance animal breeding

is the focus of James K. West,

who joined ISU in 2005 as a

clinician and established an

embryo transfer service to pro-

vide students and practicing

veterinarians with training in

bovine reproduction. Named

in May as the first Scott and

Nancy Armbrust Professor of

Veterinary Medicine at Iowa

State University, West can now

devote his time to developing

an area in which he has already

received international recogni-

tion for his innovation and

expertise.

The Armbrust professorship

offers tremendous growth

potential for students and

practicing veterinarians.

During his career as a large

animal veterinarian, 1975

Iowa State graduate Scott

Armbrust expanded his

exclusive Wisconsin bovine

reproduction practice globally

and pioneered the bovine

embryo transfer market in

Europe. He and his wife Nancy

decided to establish this profes-

sorship after attending the col-

lege’s 125th anniversary where

they heard the dean talk about

his vision for the future. They

realized there was never going

to be a more important time

to make their gift—a reflection

of the values their parents

instilled in them to give back

to those who give to you.

“Providing this endowed

professorship is small repay-

ment for the impact Iowa State

University and the College of

Veterinary Medicine have had

on our lives,” says Scott.

“The field of embryo trans-

fer and genetics is increasingly

important to cattle breeders

and dairy producers,” says

John U. Thomson, dean of

veterinary medicine. “This

endowment will deeply enrich

our research efforts and enable

a deserving faculty member

to excel in this field.” t

(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.

President Geoffroy awards Brian Gleeson the Alan and Julie RenkenProfessorship in Materials Science and Engineering.

10

(L to R) President Geoffroy, College of Veterinary Medicine Dean JohnThomson, Nancy Armbrust, Scott Armbrust and James K. West.

11

The most powerful way to support Iowa State

faculty is to create an endowment. This means

your initial gift will be invested as a permanent

fund—the endowment—and a portion of the

annual investment return will be used by the

faculty member. The remaining return on the

endowment (minus a management fee) is reinvest-

ed along with the fund’s principal. An endowment

is a great way to leave a legacy in your name or

the name of someone you want to honor.

Minimum Endowments:

Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million

Department/Director’s Chair. . . . . . $2 million

Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million

Professorship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000

Establishing Faculty Funds

The differencebetween a good university and a

truly great university is the people, ISUPresident GregoryGeoffroy often pointsout. Iowa State hasexceptional studentsand faculty, and increas-ing private support isthe key to attractingand retaining such outstanding people.

Private support for faculty

positions—like professorships,

chairs and fellowships—

attracts the nation’s most out-

standing scholars to Iowa State

and keeps them here for teach-

ing and scientific research.

Results of their work not only

benefit students, but can also

positively impact society.

Endowed positions also help

support course development,

graduate assistants, laboratory

equipment, salary enhance-

ments, and professional

development. Two named profes-

sorships announced last spring

are designed to do just that.

Renken ProfessorshipThe Alan and Julie Renken

Professorship in Materials

Science and Engineering may

lead to safer jet engines. The

new professorship was presented

in April to Brian Gleeson, an

Iowa State professor of materi-

als science and engineering

who develops new alloys and

coatings that can withstand

high temperatures.

Gleeson leads an award-

winning research team that

develops coating compositions

to help turbine blades resist the

heat of jet engines. As a result,

travelers around the world could

experience jet engines that last

longer and are more reliable.

Support for student training, sci-

entific advancement and patents

that could be licensed to indus-

try may now become reality.

Alan Renken, who with his

wife Julie committed funding

for the professorship, is a 1967

Iowa State graduate in engineer-

ing operations. He retired in

2003 from his position as presi-

dent of primary metals for Alcoa.

Donors like the Renkens

make dreams come true. Mufit

Akinc, professor and chair of

materials science and engineer-

ing, says the Renken commit-

ment will be a big boost to the

department. “This is something

I’ve been waiting to have for so

long,” Akinc says.

‘If-Only’ Ideas Become Real Through Professorships

Gleeson agrees. This new

professorship “will allow me

the opportunity to explore

ideas that may have been left

in the ‘if-only’ basket,” he says.

Armbrust ProfessorshipEvolving bovine embryo trans-

fer to advance animal breeding

is the focus of James K. West,

who joined ISU in 2005 as a

clinician and established an

embryo transfer service to pro-

vide students and practicing

veterinarians with training in

bovine reproduction. Named

in May as the first Scott and

Nancy Armbrust Professor of

Veterinary Medicine at Iowa

State University, West can now

devote his time to developing

an area in which he has already

received international recogni-

tion for his innovation and

expertise.

The Armbrust professorship

offers tremendous growth

potential for students and

practicing veterinarians.

During his career as a large

animal veterinarian, 1975

Iowa State graduate Scott

Armbrust expanded his

exclusive Wisconsin bovine

reproduction practice globally

and pioneered the bovine

embryo transfer market in

Europe. He and his wife Nancy

decided to establish this profes-

sorship after attending the col-

lege’s 125th anniversary where

they heard the dean talk about

his vision for the future. They

realized there was never going

to be a more important time

to make their gift—a reflection

of the values their parents

instilled in them to give back

to those who give to you.

“Providing this endowed

professorship is small repay-

ment for the impact Iowa State

University and the College of

Veterinary Medicine have had

on our lives,” says Scott.

“The field of embryo trans-

fer and genetics is increasingly

important to cattle breeders

and dairy producers,” says

John U. Thomson, dean of

veterinary medicine. “This

endowment will deeply enrich

our research efforts and enable

a deserving faculty member

to excel in this field.” t

(L to R) President Geoffroy, Julie Renken, Alan Renken and Brian Gleeson.

President Geoffroy awards Brian Gleeson the Alan and Julie RenkenProfessorship in Materials Science and Engineering.

10

(L to R) President Geoffroy, College of Veterinary Medicine Dean JohnThomson, Nancy Armbrust, Scott Armbrust and James K. West.

11

The most powerful way to support Iowa State

faculty is to create an endowment. This means

your initial gift will be invested as a permanent

fund—the endowment—and a portion of the

annual investment return will be used by the

faculty member. The remaining return on the

endowment (minus a management fee) is reinvest-

ed along with the fund’s principal. An endowment

is a great way to leave a legacy in your name or

the name of someone you want to honor.

Minimum Endowments:

Dean’s Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3 million

Department/Director’s Chair. . . . . . $2 million

Faculty Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.5 million

Professorship. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500,000

Establishing Faculty Funds

Barbara Forkertouched my life,” says Betty

Stephenson of her for-mer physical educationinstructor. Now Betty,the “slow learningswimming student whostill doesn’t enjoy thepool,” (as she refers toherself) would like toassure Forker’s legacyimpacts other studentstoday and in the future.

Betty (B.S. ’52) refers to

Barbara as “a special college

professor who touched my life

while a student at Iowa State,”

and has established the Barbara

Forker Scholarship in her

honor. If you’re wondering

what would compel someone

to recognize another individual

by naming a scholarship for

them, Betty says it’s simple.

“Barbara was there when-

ever I needed to consult with

someone. She was a college

instructor who took a real

interest in me as an individual,

interested in my progress and

success in the various aspects

of my college life.”

That interest didn’t end after

graduation, according to Betty.

“She continued to follow my

successes in teaching and

my involvement in state and

national professional organiza-

tions.” This scholarship was a

unique opportunity, she says,

“to honor a teacher who had

become a friend and someone

who I admire for her profes-

sionalism, love of teaching

and compassion for others.”

“This is a small way in

which I can share my success

with students in the process of

preparing for their careers by

having it designated in honor of

one person who was part of my

success in college,” says Betty.

Swimming Student Honors Special Instructor

Now retired, Betty was a

home economics teacher for

three years in Iowa and 33

years in Colorado, but never

lost interest in physical educa-

tion. For 25 of those years, she

says, she developed and taught

a home economics program for

special needs students. “While

continuing my interest in

physical activities and sports,”

she recalls, “I became aware

there wasn’t much available

in that area for challenged

students. Thus my desire to

help future physical education

teachers working with special

needs individuals.”

Her hope to support train-

ing for students to work with

children with disabilities

determined the direction of

the scholarship. The Barbara

Forker Scholarship recognizes

students who exhibit academic

excellence and professional

commitment to educating

others about the values of

sports and active lifestyles,

especially for physically chal-

lenged populations.

Scholarship recipient Anne

Holthaus, a senior majoring in

physical education, wants to

get her masters in special or

adapted physical education.

“It’s an awesome opportunity,”

she says of the scholarship.

“I work with kids with disabili-

ties right now, and look for-

ward to doing it in the future.”

Recipient Allison Nevins,

who will graduate next May

with a degree in athletic train-

ing and pre-physical therapy,

says “Barbara Forker is a

well-known individual in

the department of health and

human performance within the

College of Human Sciences,

and to be awarded something

that is dedicated to her is a

great honor. Working with

individuals with disabilities

is something that I love to do

and to receive a scholarship

that recognizes that work is

a great feeling.”

Recent graduate and schol-

arship recipient Jenny Smith

plans to earn her Ph.D. in

pedagogy and may teach at

the university level. “It’s nice

that the scholarship recognizes

hard work beyond going to

Barbara Forker (M.S. ’50), who retired in 1986,

served as the first chair of the department of phys-

ical education, now the department of health and

human performance.

She joined the ISU faculty in 1948. After earning

her Ph.D., she became head of physical education

for women at Iowa State in 1958 (assisting in the

creation of a physical education major for women

in 1960) and in 1974 led that department in a merger

with the men’s department of physical education.

She served as head of the newly created depart-

ment, which was one of the first in the country to

have a single program for men and women.

Barbara was appointed by President Gerald

Ford to the President’s Commission on Olympic

Sports and later served as a member of the United

States Olympic Committee. She served 22 months

in Europe with the American Red Cross during

World War II.

Her honors include ISU Professor of the

Year (1963), Distinguished Professor (1978) and

the Strong-Minded Woman Award from the

Carrie Chapman Catt Center for Women and

Politics. In 1997, the physical education building

at Iowa State was renamed the Barbara E.

Forker Building. t

“

Allison Nevins

Barbara Forker and Betty Stephenson

12 13

“Barbara was therewhenever I needed toconsult with someone.

She was a collegeinstructor who took areal interest in me asan individual, inter-ested in my progressand success in thevarious aspects of my college life.”

Barbara Forker

Barbara Forkertouched my life,” says Betty

Stephenson of her for-mer physical educationinstructor. Now Betty,the “slow learningswimming student whostill doesn’t enjoy thepool,” (as she refers toherself) would like toassure Forker’s legacyimpacts other studentstoday and in the future.

Betty (B.S. ’52) refers to

Barbara as “a special college

professor who touched my life

while a student at Iowa State,”

and has established the Barbara

Forker Scholarship in her

honor. If you’re wondering

what would compel someone

to recognize another individual

by naming a scholarship for

them, Betty says it’s simple.

“Barbara was there when-

ever I needed to consult with

someone. She was a college

instructor who took a real

interest in me as an individual,

interested in my progress and

success in the various aspects

of my college life.”

That interest didn’t end after

graduation, according to Betty.

“She continued to follow my

successes in teaching and

my involvement in state and

national professional organiza-

tions.” This scholarship was a

unique opportunity, she says,

“to honor a teacher who had

become a friend and someone

who I admire for her profes-

sionalism, love of teaching

and compassion for others.”

“This is a small way in

which I can share my success

with students in the process of

preparing for their careers by

having it designated in honor of

one person who was part of my

success in college,” says Betty.

Swimming Student Honors Special Instructor

Now retired, Betty was a

home economics teacher for

three years in Iowa and 33

years in Colorado, but never

lost interest in physical educa-

tion. For 25 of those years, she

says, she developed and taught

a home economics program for

special needs students. “While

continuing my interest in

physical activities and sports,”

she recalls, “I became aware

there wasn’t much available

in that area for challenged

students. Thus my desire to

help future physical education

teachers working with special

needs individuals.”

Her hope to support train-

ing for students to work with

children with disabilities

determined the direction of

the scholarship. The Barbara

Forker Scholarship recognizes

students who exhibit academic

excellence and professional

commitment to educating

others about the values of

sports and active lifestyles,

especially for physically chal-

lenged populations.

Scholarship recipient Anne

Holthaus, a senior majoring in

physical education, wants to

get her masters in special or

adapted physical education.

“It’s an awesome opportunity,”

she says of the scholarship.

“I work with kids with disabili-

ties right now, and look for-

ward to doing it in the future.”

Recipient Allison Nevins,

who will graduate next May

with a degree in athletic train-

ing and pre-physical therapy,

says “Barbara Forker is a

well-known individual in

the department of health and

human performance within the

College of Human Sciences,

and to be awarded something

that is dedicated to her is a

great honor. Working with

individuals with disabilities

is something that I love to do

and to receive a scholarship

that recognizes that work is

a great feeling.”

Recent graduate and schol-

arship recipient Jenny Smith

plans to earn her Ph.D. in

pedagogy and may teach at

the university level. “It’s nice

that the scholarship recognizes

hard work beyond going to

Barbara Forker (M.S. ’50), who retired in 1986,

served as the first chair of the department of phys-

ical education, now the department of health and

human performance.

She joined the ISU faculty in 1948. After earning

her Ph.D., she became head of physical education

for women at Iowa State in 1958 (assisting in the

creation of a physical education major for women

in 1960) and in 1974 led that department in a merger

with the men’s department of physical education.

She served as head of the newly created depart-

ment, which was one of the first in the country to

have a single program for men and women.

Barbara was appointed by President Gerald

Ford to the President’s Commission on Olympic

Sports and later served as a member of the United

States Olympic Committee. She served 22 months

in Europe with the American Red Cross during

World War II.

Her honors include ISU Professor of the

Year (1963), Distinguished Professor (1978) and

the Strong-Minded Woman Award from the

Carrie Chapman Catt Center for Women and

Politics. In 1997, the physical education building

at Iowa State was renamed the Barbara E.

Forker Building. t

“

Allison Nevins

Barbara Forker and Betty Stephenson

12 13

“Barbara was therewhenever I needed toconsult with someone.

She was a collegeinstructor who took areal interest in me asan individual, inter-ested in my progressand success in thevarious aspects of my college life.”

Barbara Forker

classes,” she says. “I would

work with the physically chal-

lenged even if there wasn’t a

scholarship, but the fact that

there is a scholarship is partic-

ularly rewarding.”

All of this pleases Betty, who

has financially contributed to

Iowa State since 1987 through

her will and trust, with the

funds divided between the

home economics and physical

education departments.

Because it may be many years

before her dream of helping

students will be realized, Betty

has also begun contributing

annually. In this way, she can

achieve her goals of honoring

Barbara Forker and providing

immediate financial support

for students.

“There were no such things

as scholarships when I was in

college,” she says. “What I can

do may be on a smaller scale,

but it affects individuals and

makes a difference in their

college careers. I’ve always

known the professional success

enjoyed in my own life was

because of my undergraduate

degree from Iowa State. That’s

one of the reasons I wanted to

give back.” t

Swimming Student Honors Special Instructor/continued

On May 24, Gov. Tom Vilsack signed legislation

that assures donors to the Iowa State University

Foundation that the personal financial information

they share during the gifting process is protected

under Iowa law. This action guarantees donors

that their wills, estate plans, trusts, annuities and

other financial documents will not be open to pub-

lic information requests.

In addition, benefactors who choose to give

anonymously are legally able to do so. However,

the ISU Foundation encourages donors to tell their

stories to help inspire other potential benefactors.

Less than one percent of ISU Foundation donors

currently request anonymity.

The ISU Foundation will continue to release

the name, gift amount and designation (unless the

donor has requested to remain anonymous) of all

gifts. All expenditures out of private gift accounts

have long been a matter of public record and this

will not change.

This legislation does not change the Iowa

Supreme Court’s ruling (Feb. 4, 2005) that stated

the ISU Foundation’s fundraising function for

Iowa State University is subject to Iowa’s open

records laws. This legislation only helps to

enhance and clarify the ruling. For more

information, visit the foundation’s web site at

www.foundation.iastate.edu. t

Donor Privacy Legislation Becomes Law in Iowa

“I’ve always knownthe professional suc-cess enjoyed in my

own life was becauseof my undergraduate

degree from IowaState. That’s one of

the reasons I wantedto give back.”

Jenny Smith14

Geoffroys Commit Additional$100,000 to Faculty Fellowship

Iowa State UniversityPresident, Gregory L.Geoffroy places facul-

ty support at the top ofthe priority list at IowaState. With his back-ground in research andteaching in the field ofchemistry, he under-stands the importanceof private funds to thesuccess of a university.

Inspired to take action,

President Geoffroy and his

wife, Kathy, established the

Gregory L. and Kathleen C.

Geoffroy Faculty Fellowship

Fund in 2001. With their

recent $100,000 pledge, the

Geoffroys have committed a

total of $250,000 to provide

annual support for teaching

and research at Iowa State.

“We have always believed

that the difference between a

good university and a truly

great university are the people

associated with the institution,”

says Geoffroy. “This investment

in faculty support is one

important way to help attract

and retain top faculty and

particularly to help beginning

faculty get off to a good start.”

The current holder of the

fellowship, assistant professor

of chemistry in the College

of Liberal Arts and Sciences,

Malika Jeffries-EL, was

appointed to the position in

2005 by the dean of the col-

lege. The faculty fellowship

provides Jeffries-EL with addi-

tional discretionary funds

annually, which may be used

in a number of ways including

professional development,

creative course enrichment

and research.

“The Geoffroy fellowship

was definitely a factor in my

decision to come to Iowa

State,” Jeffries-EL said. “The

increased support is extremely

important in my research. It

also allows me the opportunity

to collaborate with faculty

members in different sectors

of my field and that’s a great

advantage.”

“The Geoffroys have always

expressed their heartfelt belief

in the mission of Iowa State

and the importance of private

support to the university,” said

ISU Foundation President

Dan Saftig. “A gift of this

magnitude speaks volumes

to the thousands of other

benefactors to Iowa State

University.” t

President Geoffroy and Kathy Geoffroy

Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.

15

classes,” she says. “I would

work with the physically chal-

lenged even if there wasn’t a

scholarship, but the fact that

there is a scholarship is partic-

ularly rewarding.”

All of this pleases Betty, who

has financially contributed to

Iowa State since 1987 through

her will and trust, with the

funds divided between the

home economics and physical

education departments.

Because it may be many years

before her dream of helping

students will be realized, Betty

has also begun contributing

annually. In this way, she can

achieve her goals of honoring

Barbara Forker and providing

immediate financial support

for students.

“There were no such things

as scholarships when I was in

college,” she says. “What I can

do may be on a smaller scale,

but it affects individuals and

makes a difference in their

college careers. I’ve always

known the professional success

enjoyed in my own life was

because of my undergraduate

degree from Iowa State. That’s

one of the reasons I wanted to

give back.” t

Swimming Student Honors Special Instructor/continued

On May 24, Gov. Tom Vilsack signed legislation

that assures donors to the Iowa State University

Foundation that the personal financial information

they share during the gifting process is protected

under Iowa law. This action guarantees donors

that their wills, estate plans, trusts, annuities and

other financial documents will not be open to pub-

lic information requests.

In addition, benefactors who choose to give

anonymously are legally able to do so. However,

the ISU Foundation encourages donors to tell their

stories to help inspire other potential benefactors.

Less than one percent of ISU Foundation donors

currently request anonymity.

The ISU Foundation will continue to release

the name, gift amount and designation (unless the

donor has requested to remain anonymous) of all

gifts. All expenditures out of private gift accounts

have long been a matter of public record and this

will not change.

This legislation does not change the Iowa

Supreme Court’s ruling (Feb. 4, 2005) that stated

the ISU Foundation’s fundraising function for

Iowa State University is subject to Iowa’s open

records laws. This legislation only helps to

enhance and clarify the ruling. For more

information, visit the foundation’s web site at

www.foundation.iastate.edu. t

Donor Privacy Legislation Becomes Law in Iowa

“I’ve always knownthe professional suc-cess enjoyed in my

own life was becauseof my undergraduate

degree from IowaState. That’s one of

the reasons I wantedto give back.”

Jenny Smith14

Geoffroys Commit Additional$100,000 to Faculty Fellowship

Iowa State UniversityPresident, Gregory L.Geoffroy places facul-

ty support at the top ofthe priority list at IowaState. With his back-ground in research andteaching in the field ofchemistry, he under-stands the importanceof private funds to thesuccess of a university.

Inspired to take action,

President Geoffroy and his

wife, Kathy, established the

Gregory L. and Kathleen C.

Geoffroy Faculty Fellowship

Fund in 2001. With their

recent $100,000 pledge, the

Geoffroys have committed a

total of $250,000 to provide

annual support for teaching

and research at Iowa State.

“We have always believed

that the difference between a

good university and a truly

great university are the people

associated with the institution,”

says Geoffroy. “This investment

in faculty support is one

important way to help attract

and retain top faculty and

particularly to help beginning

faculty get off to a good start.”

The current holder of the

fellowship, assistant professor

of chemistry in the College

of Liberal Arts and Sciences,

Malika Jeffries-EL, was

appointed to the position in

2005 by the dean of the col-

lege. The faculty fellowship

provides Jeffries-EL with addi-

tional discretionary funds

annually, which may be used

in a number of ways including

professional development,

creative course enrichment

and research.

“The Geoffroy fellowship

was definitely a factor in my

decision to come to Iowa

State,” Jeffries-EL said. “The

increased support is extremely

important in my research. It

also allows me the opportunity

to collaborate with faculty

members in different sectors

of my field and that’s a great

advantage.”

“The Geoffroys have always

expressed their heartfelt belief

in the mission of Iowa State

and the importance of private

support to the university,” said

ISU Foundation President

Dan Saftig. “A gift of this

magnitude speaks volumes

to the thousands of other

benefactors to Iowa State

University.” t

President Geoffroy and Kathy Geoffroy

Malika Jeffries-EL, assistant professor of chemistry, is the Gregory L. and Kathleen C. Geoffroy Faculty Fellow.

15

ANNUALREPORTP R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3

PRIVATE SUPPORT AT IOWA STATE UNIVERSITY IS ON THE RISE—THANKS TO YOU.

IN FISCAL YEAR 2006, WE RECEIVED ALMOST $92 MILLION (INCLUDING GIFTS-IN-

KIND) IN NEW GIFTS AND COMMITMENTS FROM MORE THAN 54,000 DONORS.

THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2

MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!

THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT

FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE

THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.

DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY

KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-

PORT AND THE DIFFERENCE IT MAKES TO SO MANY.

THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT

HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS

OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.

DANIEL P. SAFTIG

PRESIDENT

IOWA STATE UNIVERSITY FOUNDATION

JULY 1, 2005 TO JUNE 30, 2006

F I N A N C I A L H I G H L I G H T S

NUMBER OF DONORS: 54,161

NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)

DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042

ENDOWMENT RETURN: 8.5%

ENDOWMENT TOTAL: $370,436,742

1716

Gifts by Source

Other Individuals 17%

Alumni 52%

Corporations 15%

in m

illio

nsce

nts

0

100

200

300

400

500

600

FY06

$537.3

FY05

$489.8

FY04

$439.8

FY03

$392.7

0

3

6

9

12

15

FY06

9¢

FY05

11¢

FY04

13¢

FY03

12¢

Total Assets

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

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

mill

ions

cent

s

0

100

200

300

400

500

600

FY06

$537.3

FY05

$489.8

FY04

$439.8

FY03

$392.7

0

3

6

9

12

15

FY06

9¢

FY05

11¢

FY04

13¢

FY03

12¢

Cost to Raise One Dollar (3-Year Average)

F I S C A L Y E A R 2 0 0 6 H I G H L I G H T S

in m

illio

nsin

thou

sand

s

0

20

40

60

80

100

0

10

20

30

40

50

60

FY03

$38.2

FY04

$63.2

FY05

$82.4

FY06

$91.2

FY03

47.0

FY04

53.4

FY05

55.3

FY06

54.2

New Gifts and Commitments(excludes gifts-in-kind)

in m

illio

nsin

thou

sand

s

0

20

40

60

80

100

0

10

20

30

40

50

60

FY03

$38.2

FY04

$63.2

FY05

$82.4

FY06

$91.2

FY03

47.0

FY04

53.4

FY05

55.3

FY06

54.2

Number of Donors

Gifts by Donor Designation

Student Support 24%

Facility Support 15%

FacultySupport 8%Foundations 16%

Program Support 53%

ANNUALREPORTP R I VAT E S U P P O R T I N C R E A S E S 1 3 9 P E R C E N T S I N C E 2 0 0 3

PRIVATE SUPPORT AT IOWA STATE UNIVERSITY IS ON THE RISE—THANKS TO YOU.

IN FISCAL YEAR 2006, WE RECEIVED ALMOST $92 MILLION (INCLUDING GIFTS-IN-

KIND) IN NEW GIFTS AND COMMITMENTS FROM MORE THAN 54,000 DONORS.

THIS COMPARES TO $83.2 MILLION LAST YEAR; $63.2 MILLION IN 2004; AND $38.2

MILLION IN 2003. THIS IS AN INCREASE OF 139 PERCENT IN FOUR YEARS!

THE IMPACT OF YOUR GENEROSITY WILL BE REALIZED THROUGHOUT THE CAMPUS WITH SUPPORT

FOR STUDENTS, FACULTY, PROGRAMS AND FACILITIES. YOUR GIFTS AND COMMITMENTS PROVIDE

THE OPPORTUNITY FOR OUR UNIVERSITY TO EXCEL IN MANY AREAS.

DONORS LIKE YOU BELIEVE STRONGLY IN IOWA STATE’S MISSION TO CREATE, SHARE AND APPLY

KNOWLEDGE TO MAKE IOWA AND THE WORLD A BETTER PLACE. THANK YOU AGAIN FOR YOUR SUP-

PORT AND THE DIFFERENCE IT MAKES TO SO MANY.

THE FOLLOWING ANNUAL REPORT FEATURES HIGHLIGHTS FROM THE PAST FISCAL YEAR THAT

HELP TELL THE INSPIRING STORY OF PHILANTHROPY AT IOWA STATE. IF YOU HAVE ANY QUESTIONS

OR SUGGESTIONS, PLEASE DON’T HESITATE TO CONTACT ME.

DANIEL P. SAFTIG

PRESIDENT

IOWA STATE UNIVERSITY FOUNDATION

JULY 1, 2005 TO JUNE 30, 2006

F I N A N C I A L H I G H L I G H T S

NUMBER OF DONORS: 54,161

NEW GIFTS AND COMMITMENTS: $91,995,825 (includes gifts-in-kind)

DOLLARS TRANSFERRED TO IOWA STATE: $38,784,042

ENDOWMENT RETURN: 8.5%

ENDOWMENT TOTAL: $370,436,742

1716

Gifts by Source

Other Individuals 17%

Alumni 52%

Corporations 15%

in m

illio

nsce

nts

0

100

200

300

400

500

600

FY06

$537.3

FY05

$489.8

FY04

$439.8

FY03

$392.7

0

3

6

9

12

15

FY06

9¢

FY05

11¢

FY04

13¢

FY03

12¢

Total Assets

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

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

in m

illio

nsce

nts

0

100

200

300

400

500

600

FY06

$537.3

FY05

$489.8

FY04

$439.8

FY03

$392.7

0

3

6

9

12

15

FY06

9¢

FY05

11¢

FY04

13¢

FY03

12¢

Cost to Raise One Dollar (3-Year Average)

F I S C A L Y E A R 2 0 0 6 H I G H L I G H T Sin

mill

ions

in th

ousa

nds

0

20

40

60

80

100

0

10

20

30

40

50

60

FY03

$38.2

FY04

$63.2

FY05

$82.4

FY06

$91.2

FY03

47.0

FY04

53.4

FY05

55.3

FY06

54.2

New Gifts and Commitments(excludes gifts-in-kind)

in m

illio

nsin

thou

sand

s

0

20

40

60

80

100

0

10

20

30

40

50

60

FY03

$38.2

FY04

$63.2

FY05

$82.4

FY06

$91.2

FY03

47.0

FY04

53.4

FY05

55.3

FY06

54.2

Number of Donors

Gifts by Donor Designation

Student Support 24%

Facility Support 15%

FacultySupport 8%Foundations 16%

Program Support 53%

1918

The ISU Foundation endowment provides an ongoing source of funding for Iowa State University. More than $38 million was transferred from the ISU Foundation to Iowa State University to support

faculty, programs and facilities in fiscal year 2006.

FY 06 FY 05Area of Support Dollars Transferred Dollars Transferred

Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,220,044 . . . . . . . . . . . . . . . . . $ 13,027,545Direct student assistance including scholarships, fellowships, loans, awards and travel.

Faculty and Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,422,484 . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.

Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,744,266 . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.

Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,608,639 . . . . . . . . . . . . . . . . . $ 7,423,210Program support across campus including research,classroom materials and supplies, professional developmentand educational programs.

Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 788,609 . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind and personal property retained and used by the university (ie: equipment, software, works of art, livestock, etc.).

TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,784,042 . . . . . . . . . . . . . . . . . $ 33,503,016

D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S T A T E E N D O W M E N T H I G H L I G H T S

perc

ent

0

2

4

6

8

10

1 ye

ar (F

Y06)

5 ye

ars

Sinc

e in

cept

ion

(199

3)

8.5%

6.0%

8.6%

Endowment Return

Endowment by Purpose

Endowment Allocation

Bonds 25%

Global Equity 51%

Diversifying Equity 15%

in m

illio

ns

50

100

150

200

250

300

350

400

FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06

Growth of Endowment Since Inception

*Global equity includes large cap U.S. equity, mid capU.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity

PrivateEquity 5%

Real Estate/Natural Resources 4%

College and Administration 40% Student Support 37%

Faculty and StaffSupport 17%

Research 3%Other 3%

Facilities 1%

1918

The ISU Foundation endowment provides an ongoing source of funding for Iowa State University. More than $38 million was transferred from the ISU Foundation to Iowa State University to support

faculty, programs and facilities in fiscal year 2006.

FY 06 FY 05Area of Support Dollars Transferred Dollars Transferred

Students . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,220,044 . . . . . . . . . . . . . . . . . $ 13,027,545Direct student assistance including scholarships, fellowships, loans, awards and travel.

Faculty and Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,422,484 . . . . . . . . . . . . . . . . . $ 4,508,946Salary and benefits for faculty and supporting staff.

Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,744,266 . . . . . . . . . . . . . . . . . $ 7,735,349Materials, labor, equipment and maintenance related to construction and renovation of new and existing facilities.

Programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,608,639 . . . . . . . . . . . . . . . . . $ 7,423,210Program support across campus including research,classroom materials and supplies, professional developmentand educational programs.

Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 788,609 . . . . . . . . . . . . . . . . . $ 807,966Gifts in kind and personal property retained and used by the university (ie: equipment, software, works of art, livestock, etc.).

TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 38,784,042 . . . . . . . . . . . . . . . . . $ 33,503,016

D O L L A R S T R A N S F E R R E D T O S U P P O R T I O W A S T A T E E N D O W M E N T H I G H L I G H T Spe

rcen

t

0

2

4

6

8

10

1 ye

ar (F

Y06)

5 ye

ars

Sinc

e in

cept

ion

(199

3)

8.5%

6.0%

8.6%

Endowment Return

Endowment by Purpose

Endowment Allocation

Bonds 25%

Global Equity 51%

Diversifying Equity 15%

in m

illio

ns

50

100

150

200

250

300

350

400

FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06

Growth of Endowment Since Inception

*Global equity includes large cap U.S. equity, mid capU.S. equity, small cap U.S. equity, global ex U.S. equity and emerging market equity

PrivateEquity 5%

Real Estate/Natural Resources 4%

College and Administration 40% Student Support 37%

Faculty and StaffSupport 17%

Research 3%Other 3%

Facilities 1%

2120

CCoolllleeggee ooff AAggrriiccuullttuurree3,618 donors$20,037,994 in new gifts and commitments

n Recorded the second bestfundraising year ever with morethan $20 million committed tothe college—including morethan $12 million in outright cashcontributions.

n Gifts totaling more than $4.5 mil-lion allowed the college to significantly enhance new orexisting programs—including$1.7 million for a new jointlyadministered Seed Science/MBAProgram with the College ofBusiness; more than $1.6 millionfor biorenewables programs;and nearly $1 million for JudgingTeam activities in the depart-ment of animal science.

n Completed the fundraising for a$1 million package of graduatefellowships in the Seed ScienceCenter, in conjunction with theIowa Seed Association.

n The Iowa Egg Council pledgedmore than $1 million for theIowa Egg Industry EndowedProgram.

CCoolllleeggee ooff BBuussiinneessss2,045 donors$5,741,817 in new gifts and commitments

n Private support increased 29percent from the previous year.

n Roger Murphy committed anadditional estate gift of $700,000to help move the Roger P.Murphy Professorship inAccounting to a faculty chairposition.

n Long-time supporters of the college continued to leave alegacy by committing an addi-tional $1.3 million through theirestate. This is in addition to the$1.2 million they committed last year.

n Dean and Sandra Carlson tookadvantage of the KETRA legisla-tion and made a $210,000 cashgift to the college to endow astudent scholarship.

CCoolllleeggee ooff DDeessiiggnn1,138 donors$2,646,074 in new gifts and commitments

n Fiscal year 2006 was a recordbreaking year for the college interms of private support with anincrease of more than 282 per-cent from last year.

n Steve and Barb King pledged $1 million to help fund construc-tion of a building addition andestablish the King Laboratory forSustainable Design Practice.

n Bryce and Rita Pearsall havemade a significant commitmentto help fund the 22,000-square-foot building that will house studio space for students.

CCoolllleeggee ooff EEnnggiinneeeerriinngg4,371 donors$18,673,209 in new gifts and commitments

n Secured a commitment of $5 million for a new building to house the agricultural and biosystems engineeringdepartment.

n The W.M. Keck Foundationdonated $1.6 million to establisha new lab including a LEAPMicroscope that will enablehigh throughput atomic-scalemapping in materials chemistry.

n The college initiated a newEngineering LeadershipProgram with the support of a $500,000 commitment from the 3M Foundation.

n Received a $1.5 million pledgefor Galloway Scholarships.

More than 54,000 donors made gifts and future commitments to supportall corners of the Iowa State campus in fiscal year 2006. Following arehighlights of how these gifts are making an impact at the university.

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

ACADEMIC GIVING

CCoolllleeggee ooff HHuummaann SScciieenncceess2,978 donors$3,602,480 in new gifts and commitments

n Secured a $750,000 deferred gift for a professorship andendowed scholarship to benefitthe department of health andhuman performance.

n Carol Alexander Phillips and herhusband Dean have teamed upwith Elizabeth Alexander tojointly contribute $210,000 toestablish endowed scholarshipsin their parents’ name.

n Sally and Kim Beisser increasedthe Beisser Service LearningAward from two scholarships at $1,500 each to $5,000 each.

CCoolllleeggee ooff LLiibbeerraall AArrttss aanndd SScciieenncceess5,895 donors$4,770,252 in new gifts and commitments

n The college worked with ananonymous donor to establish a$1 million deferred gift that willultimately benefit the chemistryand biology departments.

n Rhonda Rush designated$500,000 in deferred commit-ments to the chemistry depart-ment to be used for the scholar-ship fund.

CCoolllleeggee ooff VVeetteerriinnaarryy MMeeddiicciinnee2,864 donors$3,328,152 in new gifts and commitments

n Received a 50 percent increasein cash contributions to the college in FY06 over FY05 and a total increase of 137 percentin the last two years.

n The Scott and Nancy ArmbrustProfessorship in VeterinaryMedicine was establishedwhich focuses on bovine production and reproductionmedicine.

n Secured new gifts and pledgestotaling $757,515 for theVeterinary Teaching Hospitalrenovation project, the college’shighest fundraising priority. This included support of$200,000 from the Iowa PorkProducers Association and$100,000 from the Iowa FarmBureau Federation.

n Initiated the first-ever GratefulPatients solicitation directedtoward owners of animals thatwere referred for treatment to theVeterinary Teaching Hospital bytheir local veterinarians—whichhelped to almost double the number of donors to the college.

UUnniivveerrssiittyy LLiibbrraarryy3,348 donors$868,473 in new gifts and commitments

n The Roy J. Carver Charitable Trustpledged $266,280 for a UniversityLibrary Learning ConnectionsCenter. The gift will allow transfor-mation of the library’s central reference service into creativelearning spaces for studentgroups and individual study.

n Funding of $350,000 from theestate of Ralph Madison estab-lished an unrestricted endow-ment for the general support of the university library.

2120

CCoolllleeggee ooff AAggrriiccuullttuurree3,618 donors$20,037,994 in new gifts and commitments

n Recorded the second bestfundraising year ever with morethan $20 million committed tothe college—including morethan $12 million in outright cashcontributions.

n Gifts totaling more than $4.5 mil-lion allowed the college to significantly enhance new orexisting programs—including$1.7 million for a new jointlyadministered Seed Science/MBAProgram with the College ofBusiness; more than $1.6 millionfor biorenewables programs;and nearly $1 million for JudgingTeam activities in the depart-ment of animal science.

n Completed the fundraising for a$1 million package of graduatefellowships in the Seed ScienceCenter, in conjunction with theIowa Seed Association.

n The Iowa Egg Council pledgedmore than $1 million for theIowa Egg Industry EndowedProgram.

CCoolllleeggee ooff BBuussiinneessss2,045 donors$5,741,817 in new gifts and commitments

n Private support increased 29percent from the previous year.

n Roger Murphy committed anadditional estate gift of $700,000to help move the Roger P.Murphy Professorship inAccounting to a faculty chairposition.

n Long-time supporters of the college continued to leave alegacy by committing an addi-tional $1.3 million through theirestate. This is in addition to the$1.2 million they committed last year.

n Dean and Sandra Carlson tookadvantage of the KETRA legisla-tion and made a $210,000 cashgift to the college to endow astudent scholarship.

CCoolllleeggee ooff DDeessiiggnn1,138 donors$2,646,074 in new gifts and commitments

n Fiscal year 2006 was a recordbreaking year for the college interms of private support with anincrease of more than 282 per-cent from last year.

n Steve and Barb King pledged $1 million to help fund construc-tion of a building addition andestablish the King Laboratory forSustainable Design Practice.

n Bryce and Rita Pearsall havemade a significant commitmentto help fund the 22,000-square-foot building that will house studio space for students.

CCoolllleeggee ooff EEnnggiinneeeerriinngg4,371 donors$18,673,209 in new gifts and commitments

n Secured a commitment of $5 million for a new building to house the agricultural and biosystems engineeringdepartment.

n The W.M. Keck Foundationdonated $1.6 million to establisha new lab including a LEAPMicroscope that will enablehigh throughput atomic-scalemapping in materials chemistry.

n The college initiated a newEngineering LeadershipProgram with the support of a $500,000 commitment from the 3M Foundation.

n Received a $1.5 million pledgefor Galloway Scholarships.

More than 54,000 donors made gifts and future commitments to supportall corners of the Iowa State campus in fiscal year 2006. Following arehighlights of how these gifts are making an impact at the university.

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

ACADEMIC GIVING

CCoolllleeggee ooff HHuummaann SScciieenncceess2,978 donors$3,602,480 in new gifts and commitments

n Secured a $750,000 deferred gift for a professorship andendowed scholarship to benefitthe department of health andhuman performance.

n Carol Alexander Phillips and herhusband Dean have teamed upwith Elizabeth Alexander tojointly contribute $210,000 toestablish endowed scholarshipsin their parents’ name.

n Sally and Kim Beisser increasedthe Beisser Service LearningAward from two scholarships at $1,500 each to $5,000 each.

CCoolllleeggee ooff LLiibbeerraall AArrttss aanndd SScciieenncceess5,895 donors$4,770,252 in new gifts and commitments

n The college worked with ananonymous donor to establish a$1 million deferred gift that willultimately benefit the chemistryand biology departments.

n Rhonda Rush designated$500,000 in deferred commit-ments to the chemistry depart-ment to be used for the scholar-ship fund.

CCoolllleeggee ooff VVeetteerriinnaarryy MMeeddiicciinnee2,864 donors$3,328,152 in new gifts and commitments

n Received a 50 percent increasein cash contributions to the college in FY06 over FY05 and a total increase of 137 percentin the last two years.

n The Scott and Nancy ArmbrustProfessorship in VeterinaryMedicine was establishedwhich focuses on bovine production and reproductionmedicine.

n Secured new gifts and pledgestotaling $757,515 for theVeterinary Teaching Hospitalrenovation project, the college’shighest fundraising priority. This included support of$200,000 from the Iowa PorkProducers Association and$100,000 from the Iowa FarmBureau Federation.

n Initiated the first-ever GratefulPatients solicitation directedtoward owners of animals thatwere referred for treatment to theVeterinary Teaching Hospital bytheir local veterinarians—whichhelped to almost double the number of donors to the college.

UUnniivveerrssiittyy LLiibbrraarryy3,348 donors$868,473 in new gifts and commitments

n The Roy J. Carver Charitable Trustpledged $266,280 for a UniversityLibrary Learning ConnectionsCenter. The gift will allow transfor-mation of the library’s central reference service into creativelearning spaces for studentgroups and individual study.

n Funding of $350,000 from theestate of Ralph Madison estab-lished an unrestricted endow-ment for the general support of the university library.

2322

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

AAlluummnnii AAssssoocciiaattiioonn893 donors$1,600,377 in new gifts and commitments

n Fundraising efforts continued for the new Alumni Center withalmost $830,000 generated innew gifts and commitments forthe facility that is now underconstruction.

n More than $532,000 waspledged toward the AlumniCenter endowment to help ongoing support of the building.

AAtthhlleettiiccss7,935 donors$5,733,002 in new gifts and commitments

n Unveiled a comprehensive facility master plan and beganmoving forward on fundraisingefforts. This plan includes amajor remodeling of HiltonColiseum, significant upgradesto Jack Trice Stadium, a studentrecreation center, and the con-cept of a Gateway AthleticsComplex.

n Received a $1.5 million gift fromRod and Connie French for theHixson-Lied Student SuccessCenter which will include theRod and Connie French AthleticAcademic Center scheduled toopen in January 2007.

n Funding was completed for thefootball locker room which wascompletely renovated to providethe football squad with state-of-the-art facilities.

EExxtteennssiioonn//44--HH1,173 donors$346,037 in new gifts and commitments

n Swiss Valley Farms committedfunds to help the NortheastArea Dairy Center better servethe dairy industry.

n Private support helped ISUExtension serve more than754,000 clients last year.

IIoowwaa SSttaattee CCeenntteerr562 donors$92,117 in new gifts and commitments

n Nearly $90,000 was directed tothe Stephens Program Fund bydonors—supporting the manyworld-class performances thatcome to Ames every year.

RReeiimmaann GGaarrddeennss3,483 donors$492,536 in new gifts and commitments

n Private gift support allowed theReiman Gardens to expand itssummer hours to 9 p.m. everynight, giving members and visi-tors additional opportunities toenjoy the gardens and displaysduring the peak season.

n Thanks to private support, the Reiman Gardens staff hasreceived national attention forits process of designing the gardens each year on a rotatingtheme—and integrating horti-culture, entomology, educationand events into the theme.

SSttuuddeenntt AAffffaaiirrss1,062 donors$2,700,955 in new gifts and commitments

n Private gifts continue toenhance the prestigiousPresidential Leadership Awards,which are annually presented tothe top ISU student leaders oncampus and allow them theopportunity to focus on academ-ics and student activities.

n VEISHEA returned in 2006 andmany donors supported theVEISHEA Scholars Program,which provides support toincoming freshmen at IowaState. In addition, general scholarship support assists students with the challenge of rising tuition.

UUnniivveerrssiittyy MMuusseeuummss1,091 donors$838,629 in new gifts and commitments

n In honor of its 50th reunion, theISU Class of 1956 raised morethan $56,000 to support theinstallation of a new sculpture—Albert Paley’s Transformation—at the newly-renovated Morrill Hall.

n Membership to supportUniversity Museums grew tomore than $56,000 which will be used to help ongoing pro-grams and exhibitions; as wellas assist with the opening of theChristian Petersen Art Museumin spring 2007.

MAJOR PROGRAM GIVING

Cara K. Heiden*ChairUrbandale, Iowa

Division President

Wells Fargo Home

Mortgage

Sandra L. Davis, Ph.D.*Vice ChairEdina, Minnesota

CEO

MDA Leadership

Consulting

Steven T. Schuler*TreasurerUrbandale, Iowa

Senior Vice President and

Chief Financial Officer

Federal Home Loan Bank

of Des Moines

David W. Van Wert*SecretarySun City West, Arizona

President and CEO

Van Wert Associates

Lyle P. Campbell

Paradise Valley, Arizona

Chairman of the Board

Legacy Bank

Gregory L. Geoffroy*

Ames, Iowa

President

Iowa State University

Labh S. Hira

Ames, Iowa

Dean and Professor

College of Business

Iowa State University

Sharon L. Juon

Waterloo, Iowa

Executive Director

INRCOG

Gerald A. Kolschowsky

Oak Brook, Illinois

Retired Chairman

OSI Industries, LLC

Joanne M. Kuster

Johnston, Iowa

President

Kuster, Ltd.

Robert E. McLaughlin*

Arlingon, Virginia

Sr. Partner

Steptoe & Johnson, LLP

Owen J. Newlin

Des Moines, Iowa

Retired Senior Vice

President and Director

Pioneer Hi-Bred

International, Inc.

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

Partner

Riverwood Capital

Marvin J. Walter

Ames, Iowa

President and Owner

Dayton Road Development

Corp.

Stephen R. Watson

South Natick, Massachusetts

Co-Founder and Principal

Walnut Venture Associates

*Member of the executive committee

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

The ISU Foundation board and committee members help set the policiesand future direction of the ISU Foundation. These volunteers servedduring fiscal year 2006.

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.

2322

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

AAlluummnnii AAssssoocciiaattiioonn893 donors$1,600,377 in new gifts and commitments

n Fundraising efforts continued for the new Alumni Center withalmost $830,000 generated innew gifts and commitments forthe facility that is now underconstruction.

n More than $532,000 waspledged toward the AlumniCenter endowment to help ongoing support of the building.

AAtthhlleettiiccss7,935 donors$5,733,002 in new gifts and commitments

n Unveiled a comprehensive facility master plan and beganmoving forward on fundraisingefforts. This plan includes amajor remodeling of HiltonColiseum, significant upgradesto Jack Trice Stadium, a studentrecreation center, and the con-cept of a Gateway AthleticsComplex.

n Received a $1.5 million gift fromRod and Connie French for theHixson-Lied Student SuccessCenter which will include theRod and Connie French AthleticAcademic Center scheduled toopen in January 2007.

n Funding was completed for thefootball locker room which wascompletely renovated to providethe football squad with state-of-the-art facilities.

EExxtteennssiioonn//44--HH1,173 donors$346,037 in new gifts and commitments

n Swiss Valley Farms committedfunds to help the NortheastArea Dairy Center better servethe dairy industry.

n Private support helped ISUExtension serve more than754,000 clients last year.

IIoowwaa SSttaattee CCeenntteerr562 donors$92,117 in new gifts and commitments

n Nearly $90,000 was directed tothe Stephens Program Fund bydonors—supporting the manyworld-class performances thatcome to Ames every year.

RReeiimmaann GGaarrddeennss3,483 donors$492,536 in new gifts and commitments

n Private gift support allowed theReiman Gardens to expand itssummer hours to 9 p.m. everynight, giving members and visi-tors additional opportunities toenjoy the gardens and displaysduring the peak season.

n Thanks to private support, the Reiman Gardens staff hasreceived national attention forits process of designing the gardens each year on a rotatingtheme—and integrating horti-culture, entomology, educationand events into the theme.

SSttuuddeenntt AAffffaaiirrss1,062 donors$2,700,955 in new gifts and commitments

n Private gifts continue toenhance the prestigiousPresidential Leadership Awards,which are annually presented tothe top ISU student leaders oncampus and allow them theopportunity to focus on academ-ics and student activities.

n VEISHEA returned in 2006 andmany donors supported theVEISHEA Scholars Program,which provides support toincoming freshmen at IowaState. In addition, general scholarship support assists students with the challenge of rising tuition.

UUnniivveerrssiittyy MMuusseeuummss1,091 donors$838,629 in new gifts and commitments

n In honor of its 50th reunion, theISU Class of 1956 raised morethan $56,000 to support theinstallation of a new sculpture—Albert Paley’s Transformation—at the newly-renovated Morrill Hall.

n Membership to supportUniversity Museums grew tomore than $56,000 which will be used to help ongoing pro-grams and exhibitions; as wellas assist with the opening of theChristian Petersen Art Museumin spring 2007.

MAJOR PROGRAM GIVING

Cara K. Heiden*ChairUrbandale, Iowa

Division President

Wells Fargo Home

Mortgage

Sandra L. Davis, Ph.D.*Vice ChairEdina, Minnesota

CEO

MDA Leadership

Consulting

Steven T. Schuler*TreasurerUrbandale, Iowa

Senior Vice President and

Chief Financial Officer

Federal Home Loan Bank

of Des Moines

David W. Van Wert*SecretarySun City West, Arizona

President and CEO

Van Wert Associates

Lyle P. Campbell

Paradise Valley, Arizona

Chairman of the Board

Legacy Bank

Gregory L. Geoffroy*

Ames, Iowa

President

Iowa State University

Labh S. Hira

Ames, Iowa

Dean and Professor

College of Business

Iowa State University

Sharon L. Juon

Waterloo, Iowa

Executive Director

INRCOG

Gerald A. Kolschowsky

Oak Brook, Illinois

Retired Chairman

OSI Industries, LLC

Joanne M. Kuster

Johnston, Iowa

President

Kuster, Ltd.

Robert E. McLaughlin*

Arlingon, Virginia

Sr. Partner

Steptoe & Johnson, LLP

Owen J. Newlin

Des Moines, Iowa

Retired Senior Vice

President and Director

Pioneer Hi-Bred

International, Inc.

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

Partner

Riverwood Capital

Marvin J. Walter

Ames, Iowa

President and Owner

Dayton Road Development

Corp.

Stephen R. Watson

South Natick, Massachusetts

Co-Founder and Principal

Walnut Venture Associates

*Member of the executive committee

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

The ISU Foundation board and committee members help set the policiesand future direction of the ISU Foundation. These volunteers servedduring fiscal year 2006.

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.

24

The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.

Number of donors supporting ISU in FY06.

Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital

Number of new scholarships and fellowships created in FY06.

Number of living Iowa State alumni in the university’s database.

Number of season football tickets sold this year (as of September), which is a new record.

Number of career majors to choose from at Iowa State.

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

$91,995,825

54,161

10.21.06

103

200,885

30,712

1

Know yournumbers

101

Audit Committee

Kathy Howell

Leonard Rodman

Arend Sandbulte

Norman Skadburg

Sheryl Sunderman, chair

Thelma Voetberg

Lynn Vorbrich

Awards Committee

John Axel

Willis Bywater

Sandy Rogers May, chair

Roberta Simpson-Dolbeare

Noel Smith

Jamie Stensland

Roy Uelner

Governance Committee

Sandra Davis, chair

John DeVries

Denise Essman

James Frevert

Diane Greenlee

Daniel Krieger

Joanne Kuster

Beverly Madden

David Shoultz

Gary Thompson

Donald Zuck

Campaign Executive Committee

Steve Bergstrom

Gerald Kolschowsky

Karen Kolschowsky

W. Eugene Lloyd

Linda Lloyd

Charles Manatt

James Melsa

Katherine Melsa

Owen Newlin

Richard Stanley

Roger Underwood, chair

Finance Committee

Marla Franklin

Rudolph Herrmann

Labh Hira

John Hsu

Steven Schuler, chair

Robert Stafford

James Stein

David Van Wert

Gift Acceptance Committee

Beverly Crabtree

Debra Engle

Lisa Eslinger

Craig Marrs

Dan Saftig

William Woodman

Investment Committee

Steve Bergstrom

Lloyd Bettis

James Frein

Gary Hoover

Warren Madden

Robert McLaughlin, chair

John Rogers

Robert Vasko

Stephen Watson

Stewardship Committee

Diane Greenlee

Sharon Juon, chair

Andrew Lashier

Craig Marrs

Kay Runge

Jean Steffenson

Donna Whitney

Women & Philanthropy

Committee

Colleen Armstrong

Sally Beisser

Rhonda Christensen

Suzanna de Baca

Mary Dubas

Kathy Geoffroy

Diane Greenlee

Susan Heaton

Peggy Johnson

Sharon Juon

Barbara Kinney

Kristi Knous

Joanne Kuster

Beverly Madden

Michelle Mahoney, chair

Karol Nickell

Kari Roehr

Leslie Saftig

Michele Whitty

The Gateway Hotel

Board of Directors

Ken Bussard

Willis Bywater

John Dasher

William Goodwin

Sharon Juon

Warren Madden

Jean Steffenson

Dennis Wood

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

ISU Foundation committee members help set the policies and futuredirection of the ISU Foundation. The following committee membersserved during fiscal year 2005.

24

The amount of new gifts and commitments received in FY06 compared to $83.2 million in FY05 and $63.2 million in FY04.

Number of donors supporting ISU in FY06.

Date of groundbreaking ceremony for the new Dr. W. Eugene and Linda Lloyd Veterinary Teaching Hospital

Number of new scholarships and fellowships created in FY06.

Number of living Iowa State alumni in the university’s database.

Number of season football tickets sold this year (as of September), which is a new record.

Number of career majors to choose from at Iowa State.

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

$91,995,825

54,161

10.21.06

103

200,885

30,712

1

Know yournumbers

101

Audit Committee

Kathy Howell

Leonard Rodman

Arend Sandbulte

Norman Skadburg

Sheryl Sunderman, chair

Thelma Voetberg

Lynn Vorbrich

Awards Committee

John Axel

Willis Bywater

Sandy Rogers May, chair

Roberta Simpson-Dolbeare

Noel Smith

Jamie Stensland

Roy Uelner

Governance Committee

Sandra Davis, chair

John DeVries

Denise Essman

James Frevert

Diane Greenlee

Daniel Krieger

Joanne Kuster

Beverly Madden

David Shoultz

Gary Thompson

Donald Zuck

Campaign Executive Committee

Steve Bergstrom

Gerald Kolschowsky

Karen Kolschowsky

W. Eugene Lloyd

Linda Lloyd

Charles Manatt

James Melsa

Katherine Melsa

Owen Newlin

Richard Stanley

Roger Underwood, chair

Finance Committee

Marla Franklin

Rudolph Herrmann

Labh Hira

John Hsu

Steven Schuler, chair

Robert Stafford

James Stein

David Van Wert

Gift Acceptance Committee

Beverly Crabtree

Debra Engle

Lisa Eslinger

Craig Marrs

Dan Saftig

William Woodman

Investment Committee

Steve Bergstrom

Lloyd Bettis

James Frein

Gary Hoover

Warren Madden

Robert McLaughlin, chair

John Rogers

Robert Vasko

Stephen Watson

Stewardship Committee

Diane Greenlee

Sharon Juon, chair

Andrew Lashier

Craig Marrs

Kay Runge

Jean Steffenson

Donna Whitney

Women & Philanthropy

Committee

Colleen Armstrong

Sally Beisser

Rhonda Christensen

Suzanna de Baca

Mary Dubas

Kathy Geoffroy

Diane Greenlee

Susan Heaton

Peggy Johnson

Sharon Juon

Barbara Kinney

Kristi Knous

Joanne Kuster

Beverly Madden

Michelle Mahoney, chair

Karol Nickell

Kari Roehr

Leslie Saftig

Michele Whitty

The Gateway Hotel

Board of Directors

Ken Bussard

Willis Bywater

John Dasher

William Goodwin

Sharon Juon

Warren Madden

Jean Steffenson

Dennis Wood

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

ISU Foundation committee members help set the policies and futuredirection of the ISU Foundation. The following committee membersserved during fiscal year 2005.

NonprofitOrganizationU.S. Postage

PAIDDes Moines, IowaPermit No. 5507

Iowa State University Foundation2505 Elwood DriveAmes, IA 50010-8644

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