Opportunities Because of You Opportunities Because of You Connections For Friends of the Iowa State University Foundation ▼ FISCAL YEAR 2004 IN REVIEW ▼ ANNUAL REPORT ▼ FALL 2004
Mar 07, 2016
OpportunitiesBecause of You
OpportunitiesBecause of You
ConnectionsFor Friends of the Iowa State University Foundation
t FISCAL YEAR 2004 IN REVIEW t ANNUAL REPORT t
F A L L 2 0 0 4
ConnectionsF A L L 2 0 0 4
Connections is published periodically bythe Iowa State University Foundation—a private, non-profit corporation dedi-cated to securing and stewarding privategifts and grants that benefit Iowa StateUniversity. This magazine serves as a link between Iowa State and benefactorswho support the university. You arereceiving this publication as an importantmember of the Iowa State family. We welcome your comments, suggestionsand questions.
Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: [email protected]
The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, sex, marital status, disability,or status as a U.S. Vietnam Era Veteran.Any persons having inquiries concerningthis may contact human resources, ISUFoundation, 515-294-4607.
1
Opportunities...Because of YouA
research assistant peering into a test tube holds it up to the light and realizes a long-sought solution is at hand. A student pulls a final brush stroke
across a canvas and completes a design that will start anew fashion trend. A computer downloads the final piecesof an engineering puzzle that has eluded generations.
Most likely you will not
personally witness these
moments. There is no guide-
book that can tell exactly
when a lightbulb will go on,
or a door will open. A university
cannot plan for these cherished
moments of success like it can plan
to break ground for a new building, or
to dedicate a new laboratory.
But, every donor who supports
ISU has the power to help set the
stage for these amazing moments.
Imagine if the researcher peering
into the test tube had no funds to
pay for chemicals. What if students
who could have designed new
fashions had to stay home for lack
of tuition or the computer software
was not available to complete
the engineering puzzle.
This has been a year of
opportunities—many of them
made possible by contribu-
tions from people like you. In the
pages that follow, you will see what a
difference your commitment to sup-
porting Iowa State has made through-
out the year. You’ll see how important
your gifts are to the university’s faculty
and students, who depend upon, and
appreciate your generosity.
You create the opportunities. You
may not be there at the exact moment
of enlightenment; but the spirit of your
gift is nearby every day, and it makes
a huge difference in the educational
mission of Iowa State University. t
ConnectionsF A L L 2 0 0 4
Connections is published periodically bythe Iowa State University Foundation—a private, non-profit corporation dedi-cated to securing and stewarding privategifts and grants that benefit Iowa StateUniversity. This magazine serves as a link between Iowa State and benefactorswho support the university. You arereceiving this publication as an importantmember of the Iowa State family. We welcome your comments, suggestionsand questions.
Iowa State University FoundationOffice of Communications2505 Elwood DriveAmes, Iowa 50010-8644Phone: 515-294-4607Toll Free: 866-419-6768Web: www.foundation.iastate.eduE-mail: [email protected]
The Iowa State University Foundation does not discriminate on the basis of race,color, age, religion, national origin, sexualorientation, sex, marital status, disability,or status as a U.S. Vietnam Era Veteran.Any persons having inquiries concerningthis may contact human resources, ISUFoundation, 515-294-4607.
1
Opportunities...Because of YouA
research assistant peering into a test tube holds it up to the light and realizes a long-sought solution is at hand. A student pulls a final brush stroke
across a canvas and completes a design that will start anew fashion trend. A computer downloads the final piecesof an engineering puzzle that has eluded generations.
Most likely you will not
personally witness these
moments. There is no guide-
book that can tell exactly
when a lightbulb will go on,
or a door will open. A university
cannot plan for these cherished
moments of success like it can plan
to break ground for a new building, or
to dedicate a new laboratory.
But, every donor who supports
ISU has the power to help set the
stage for these amazing moments.
Imagine if the researcher peering
into the test tube had no funds to
pay for chemicals. What if students
who could have designed new
fashions had to stay home for lack
of tuition or the computer software
was not available to complete
the engineering puzzle.
This has been a year of
opportunities—many of them
made possible by contribu-
tions from people like you. In the
pages that follow, you will see what a
difference your commitment to sup-
porting Iowa State has made through-
out the year. You’ll see how important
your gifts are to the university’s faculty
and students, who depend upon, and
appreciate your generosity.
You create the opportunities. You
may not be there at the exact moment
of enlightenment; but the spirit of your
gift is nearby every day, and it makes
a huge difference in the educational
mission of Iowa State University. t
0
10
20
30
40
50
60
0
10
20
30
40
50
0
50
100
150
200
250
01020304050607080
2003
2004
46,98653,441
2003
2004
$34.7
$47.4
2003
2004
$54.7
$208.5
2003
2004
$38.9
$63.2
2003
2004
in th
ousa
nds
perc
ent
in m
illio
ns
in m
illio
ns
in m
illio
ns
0
3
6
9
12
15
2003
2004
$9.9
$13.3
in m
illio
ns
0
1
2
3
4
5
2003
2004
$3.4
$4.1
in m
illio
ns
0
5
10
15
20
25
2003
2004
$13.9
$22.5
in m
illio
ns
0
10
20
30
40
50
60
70 64%
Alum
niFr
iend
s
15%11%10%
Corp
., sFo
und.
, s
What better way to say it than It Was A Great Year! It was a year inwhich donors voted with their checkbooks—saying in part, “We believein ISU.” Your dollars provided added value to the university and its
students and faculty. Your support made a valuable impact and a world of difference for so many.
Following are some highlights from the past fiscal year (July 1, 2003-June 30, 2004) that help tell the incredible story of philanthropy at IowaState. To view our complete annual report, please turn to page 13. t
Iwish you could behere to see the IowaState University I see
every day. You wouldbe so proud! We havealways had a remark-able university, neversatisfied with justbeing good. Because we are always strivingfor excellence we haveachieved greatness inso many ways.
As I walk down the steps
of Beardshear Hall everyday,
I see the amazing progress
we’ve made in the education
of our students. Never before
have the opportunities for
|students been as great or as
varied as they have been this
past year. Despite economic
uncertainties and budget
trimming, our future is look-
ing brighter.
Today, ISU students are
given opportunities to learn
in many corners of the world.
They have better technology,
better scholastic tools and
more challenging curricula.
But, most of all, they have
outstanding faculty. It is a
powerful formula for success.
If we could walk across
campus together, I would ask
you to imagine the infrastruc-
ture of philanthropy that
bolsters our university and
guides us toward greatness.
I would take you into the
classrooms and lecture halls,
through the chemistry labs
and libraries. I would intro-
duce you to the scholarship
recipients, the chair and
professorship holders and
show you the world-renowned
research and knowledge we
would never have achieved
this year without your
generosity.
As you read these
philanthropy highlights and
annual report from the ISU
Foundation, I ask you to
remember the strength and
vigor you give to our mission
of educational distinction. As
you continue to invest in the
future of Iowa State, we will
continue to reward you with
our success. t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
3
It Was A Great Year, Thanks to YouA Formula for Greatness
“Never before havethe opportunities for
students been asgreat or as varied as they have been
this past year.”
2
Number of donors Sources of gifts[Excluding in-kind gifts]
Gift production[Including in-kind gifts]
Gift production[Excluding in-kind gifts]
Dollars transferred to ISU[Excluding in-kind gifts]
Student support Faculty support Facility support
0
10
20
30
40
50
60
0
10
20
30
40
50
0
50
100
150
200
250
01020304050607080
2003
2004
46,98653,441
2003
2004
$34.7
$47.4
2003
2004
$54.7
$208.5
2003
2004
$38.9
$63.2
2003
2004
in th
ousa
nds
perc
ent
in m
illio
ns
in m
illio
ns
in m
illio
ns
0
3
6
9
12
15
2003
2004
$9.9
$13.3
in m
illio
ns
0
1
2
3
4
5
2003
2004
$3.4
$4.1
in m
illio
ns
0
5
10
15
20
25
2003
2004
$13.9
$22.5
in m
illio
ns
0
10
20
30
40
50
60
70 64%
Alum
niFr
iend
s
15%11%10%
Corp
., sFo
und.
, s
What better way to say it than It Was A Great Year! It was a year inwhich donors voted with their checkbooks—saying in part, “We believein ISU.” Your dollars provided added value to the university and its
students and faculty. Your support made a valuable impact and a world of difference for so many.
Following are some highlights from the past fiscal year (July 1, 2003-June 30, 2004) that help tell the incredible story of philanthropy at IowaState. To view our complete annual report, please turn to page 13. t
Iwish you could behere to see the IowaState University I see
every day. You wouldbe so proud! We havealways had a remark-able university, neversatisfied with justbeing good. Because we are always strivingfor excellence we haveachieved greatness inso many ways.
As I walk down the steps
of Beardshear Hall everyday,
I see the amazing progress
we’ve made in the education
of our students. Never before
have the opportunities for
|students been as great or as
varied as they have been this
past year. Despite economic
uncertainties and budget
trimming, our future is look-
ing brighter.
Today, ISU students are
given opportunities to learn
in many corners of the world.
They have better technology,
better scholastic tools and
more challenging curricula.
But, most of all, they have
outstanding faculty. It is a
powerful formula for success.
If we could walk across
campus together, I would ask
you to imagine the infrastruc-
ture of philanthropy that
bolsters our university and
guides us toward greatness.
I would take you into the
classrooms and lecture halls,
through the chemistry labs
and libraries. I would intro-
duce you to the scholarship
recipients, the chair and
professorship holders and
show you the world-renowned
research and knowledge we
would never have achieved
this year without your
generosity.
As you read these
philanthropy highlights and
annual report from the ISU
Foundation, I ask you to
remember the strength and
vigor you give to our mission
of educational distinction. As
you continue to invest in the
future of Iowa State, we will
continue to reward you with
our success. t
GREGORY L. GEOFFROY
PRESIDENT
IOWA STATE UNIVERSITY
3
It Was A Great Year, Thanks to YouA Formula for Greatness
“Never before havethe opportunities for
students been asgreat or as varied as they have been
this past year.”
2
Number of donors Sources of gifts[Excluding in-kind gifts]
Gift production[Including in-kind gifts]
Gift production[Excluding in-kind gifts]
Dollars transferred to ISU[Excluding in-kind gifts]
Student support Faculty support Facility support
4 5
Outstanding scholarsmake an outstand-ing university.
Faculty is the heartand soul of ISU, andour potential forattracting and retain-ing the nation’s mostoutstanding scholars toinstruct students hasnever been stronger.Ongoing financial sup-port for excellence inteaching is critical toour institution. Andthanks to donors likeyou, more than $4 million private dollarswere transferred toISU last year to sup-port our faculty.
The world is changing at a
faster pace, and research and
teaching at Iowa State must
keep up with that change in
order for students to remain on
the cutting edge. Funding faculty
positions and hiring top-notch
teachers to prepare students for
today’s evolving world is not
only desirable; it’s at the core
of educational excellence.
This past year’s gifts sup-
porting faculty offered amazing
opportunities throughout the
university. Many of the gifts
bore a direct relationship to
advancements in industry, the
evolution of agriculture, or
worldwide attention to health
and the environment.
There are so many ways
and reasons to contribute to
teaching excellence. For exam-
ple, a gift to the animal science
department has funded an
important new faculty position,
resulting in a mutually benefi-
cial university-industry tie.
When Professor Ken Stalder
focuses his extension program
on environmental education
and refining management prac-
tices, his work is sure to benefit
students, farmers and the entire
pork production industry.
Many gifts are given in grati-
tude for an ISU education that
was received years ago. This is
the case with Roger Hanson who
created a new professorship in
aerospace engineering because
he wanted to “give something
back to the university.” Hanson
received three of his five college
degrees from Iowa State.
For some supporters of Iowa
State, estate gifts are an ideal
way to leave a legacy. One
example of such a gift secured
last year is from David (BUS
’71) and Ellen March (FCS ’71)
Raisbeck who created the
Raisbeck Professorship in the
College of Business. Through
a provision in their wills, the
professorship will become an
endowed chair when their
estate is realized.
Often, similar interests
between donors and faculty
merge and create great synergy.
It was a common desire to
study integrated medicine that
spurred the creation of a new
faculty fellowship at the Center
for Research on Dietary
Botanical Supplements at Iowa
State. Lura Merrill Lovell (FCS
’51), through the David C. and
Lura M. Lovell Foundation,
established the Lura M. Lovell
Faculty Fellowship, which will
ensure continued research and
education about botanical
supplements.
Many people choose gifts to
enhance teaching at Iowa State
for different reasons, but there
Faculty is Heart and Soul of ISUis no doubt that with funding
from supporters like you, faculty
and student collaboration will
continue to set the pace in
educational advancement for
many years to come.
Endowed faculty positionsestablished last year:• Trane Sales Chair in
Engineering
• Jay Lush Endowed Chair inAnimal Breeding and Genetics
• Raisbeck Professorship in Business
• Leonard Dolezal Professorship inAgriculture Law
• Martin C. Jischke Professorshipin Aerospace Engineering
• Lura M. Lovell Faculty Fellowship t
Gifts of professorships allow faculty to move
into exciting study areas they might not
otherwise be able to explore. One of those
whose work will benefit greatly from
the generosity of Iowa State’s loyal
donors is Robert C. Brown. An Iowa
State professor in mechanical
engineering, chemical engineering
and agricultural and biosystems
engineering, and director of the
Center for Sustainable Environmental
Technologies, Brown was named
last year as the first recipient of the Bergles
Professorship in Thermal Science.
“Funding agencies are increasingly demanding
very directed research,” said Dr. Brown, “leaving
little opportunity for faculty to pursue truly novel
and high-risk ideas. The Bergles professorship
provides me a base of support in
which to explore new ideas without
fear of failure.”
As an example, Brown has teamed
up with other engineers, microbiolo-
gists, and biochemists to produce
biopolymers and hydrogen fuel from
a hybrid thermal biological process
called syngas fermentation. Based
on preliminary studies, the group won a $1 million
grant from the U.S. Department of Agriculture last
fall to further pursue their research. t
Dr. Dan Zhu, associate professor, Management Information Systems
Dr. Carla Fehr, assistant professor, Department of Philosophy and Religious Studies
Professorships Take Faculty in New Directions
FACULTY SUPPORT
Robert C. Brown
4 5
Outstanding scholarsmake an outstand-ing university.
Faculty is the heartand soul of ISU, andour potential forattracting and retain-ing the nation’s mostoutstanding scholars toinstruct students hasnever been stronger.Ongoing financial sup-port for excellence inteaching is critical toour institution. Andthanks to donors likeyou, more than $4 million private dollarswere transferred toISU last year to sup-port our faculty.
The world is changing at a
faster pace, and research and
teaching at Iowa State must
keep up with that change in
order for students to remain on
the cutting edge. Funding faculty
positions and hiring top-notch
teachers to prepare students for
today’s evolving world is not
only desirable; it’s at the core
of educational excellence.
This past year’s gifts sup-
porting faculty offered amazing
opportunities throughout the
university. Many of the gifts
bore a direct relationship to
advancements in industry, the
evolution of agriculture, or
worldwide attention to health
and the environment.
There are so many ways
and reasons to contribute to
teaching excellence. For exam-
ple, a gift to the animal science
department has funded an
important new faculty position,
resulting in a mutually benefi-
cial university-industry tie.
When Professor Ken Stalder
focuses his extension program
on environmental education
and refining management prac-
tices, his work is sure to benefit
students, farmers and the entire
pork production industry.
Many gifts are given in grati-
tude for an ISU education that
was received years ago. This is
the case with Roger Hanson who
created a new professorship in
aerospace engineering because
he wanted to “give something
back to the university.” Hanson
received three of his five college
degrees from Iowa State.
For some supporters of Iowa
State, estate gifts are an ideal
way to leave a legacy. One
example of such a gift secured
last year is from David (BUS
’71) and Ellen March (FCS ’71)
Raisbeck who created the
Raisbeck Professorship in the
College of Business. Through
a provision in their wills, the
professorship will become an
endowed chair when their
estate is realized.
Often, similar interests
between donors and faculty
merge and create great synergy.
It was a common desire to
study integrated medicine that
spurred the creation of a new
faculty fellowship at the Center
for Research on Dietary
Botanical Supplements at Iowa
State. Lura Merrill Lovell (FCS
’51), through the David C. and
Lura M. Lovell Foundation,
established the Lura M. Lovell
Faculty Fellowship, which will
ensure continued research and
education about botanical
supplements.
Many people choose gifts to
enhance teaching at Iowa State
for different reasons, but there
Faculty is Heart and Soul of ISUis no doubt that with funding
from supporters like you, faculty
and student collaboration will
continue to set the pace in
educational advancement for
many years to come.
Endowed faculty positionsestablished last year:• Trane Sales Chair in
Engineering
• Jay Lush Endowed Chair inAnimal Breeding and Genetics
• Raisbeck Professorship in Business
• Leonard Dolezal Professorship inAgriculture Law
• Martin C. Jischke Professorshipin Aerospace Engineering
• Lura M. Lovell Faculty Fellowship t
Gifts of professorships allow faculty to move
into exciting study areas they might not
otherwise be able to explore. One of those
whose work will benefit greatly from
the generosity of Iowa State’s loyal
donors is Robert C. Brown. An Iowa
State professor in mechanical
engineering, chemical engineering
and agricultural and biosystems
engineering, and director of the
Center for Sustainable Environmental
Technologies, Brown was named
last year as the first recipient of the Bergles
Professorship in Thermal Science.
“Funding agencies are increasingly demanding
very directed research,” said Dr. Brown, “leaving
little opportunity for faculty to pursue truly novel
and high-risk ideas. The Bergles professorship
provides me a base of support in
which to explore new ideas without
fear of failure.”
As an example, Brown has teamed
up with other engineers, microbiolo-
gists, and biochemists to produce
biopolymers and hydrogen fuel from
a hybrid thermal biological process
called syngas fermentation. Based
on preliminary studies, the group won a $1 million
grant from the U.S. Department of Agriculture last
fall to further pursue their research. t
Dr. Dan Zhu, associate professor, Management Information Systems
Dr. Carla Fehr, assistant professor, Department of Philosophy and Religious Studies
Professorships Take Faculty in New Directions
FACULTY SUPPORT
Robert C. Brown
6
Scholarships, loans,awards—there areso many ways
students have benefitedthroughout the yearfrom your generousgifts. In a year with 14 percent increase intuition, private supportis critical to educationat Iowa State. Morethan $13 million pri-vate dollars supportedstudents in their questfor higher learningthis past year—amaz-ingly, this represents a 34 percent increasefrom the previous year.
Thomas Hill, the university’s
vice president of student affairs,
lauds these donations as a
wonderful way to help students
who might not otherwise be
willing or able to attend. “This
year,” he says, “we were able
to offer more scholarships to
students in need. That goes
right to the heart of our land-
grant mission.” By offering
more merit-based scholarships,
he says, Iowa State is better
equipped to attract the best
and brightest young minds.
Donations, which will
enhance Iowa State’s dynamic
learning environment, came
from many sources this past
year. There was a mix of
endowment earnings and
one-time annual gifts, and as
the financial markets improved,
investment earnings on
endowed funds rose as well.
With tremendous donor sup-
port, 99 new scholarships were
created in fiscal 2004.
Gifts came in many forms
and in many disciplines. Some,
like a recent estate bequest
from a pioneering female
chemistry alumna, were estab-
lished to fund scholarships for
students well into the future.
The gift was realized from
Dr. Esther C. (Peterson) Daniel
(LAS ‘23) last year after her
death at age 102.
Other gifts offered global
opportunities, which greatly
enhance the Iowa State experi-
ence. One example is a generous
deferred gift, which will assure
Iowa State agriculture students
and faculty will continue to trav-
el to the Ukraine to study their
farming culture for years to
come. The gift will benefit
Ukrainian students who come
to America to learn as well.
The Rosenthal Scholarships
were established by a caring
anonymous donor to motivate
and reward non-traditional
Support for Students—Never Better!
(23 years and older), full-time
female students who are single
parents. This opportunity helps
break down barriers than could
limit academic success.
Scholarships are as unique
as the donors who create them.
They allow donors to chose the
opportunities which fulfill their
desires to make a difference,
while giving students the
chance to continue studies in
fields and curricula that interest
them. It’s a perfect match. t
Melissa Fox is a junior from Vassar, Kan.,
majoring in nutritional science and minor-
ing in biochemistry. She’s serving as a
George Washington Carver intern for
The World Food Prize in Des Moines
and will receive credit for this in her
Honors Program project. Melissa
has received financial support from
seven different privately-supported
scholarship accounts.
“I only had to visit Iowa State
once before I knew it was the right
choice for me. The Nutritional Science and Food
Science labs were incredible, and their academic
programs are nationally recognized for their
quality. The freshman mentor program was an
amazing experience—normally a first year
student would never get the chance to receive
that type of hands-on lab experience. As an out-
of-state student, the financial aid
package I received was a key
contributing factor in my decision—
it made Iowa State more affordable
than some Kansas schools. The
World Food Prize internship is an
incredible opportunity that will
enable me to develop professional
contacts and gain a better under-
standing of the fields I’m entering. I am extremely
grateful for the scholarships I have received,
because they allow me to pursue a more
constructive academic path.” t
Callie Busch and Velliyur Mahesh take a break in the Memorial Union.
Scholarships Attract the Brightest Minds to Ames
STUDENT SUPPORT
7
Melissa Fox
Heather White and David Kagimarest between classes.
6
Scholarships, loans,awards—there areso many ways
students have benefitedthroughout the yearfrom your generousgifts. In a year with 14 percent increase intuition, private supportis critical to educationat Iowa State. Morethan $13 million pri-vate dollars supportedstudents in their questfor higher learningthis past year—amaz-ingly, this represents a 34 percent increasefrom the previous year.
Thomas Hill, the university’s
vice president of student affairs,
lauds these donations as a
wonderful way to help students
who might not otherwise be
willing or able to attend. “This
year,” he says, “we were able
to offer more scholarships to
students in need. That goes
right to the heart of our land-
grant mission.” By offering
more merit-based scholarships,
he says, Iowa State is better
equipped to attract the best
and brightest young minds.
Donations, which will
enhance Iowa State’s dynamic
learning environment, came
from many sources this past
year. There was a mix of
endowment earnings and
one-time annual gifts, and as
the financial markets improved,
investment earnings on
endowed funds rose as well.
With tremendous donor sup-
port, 99 new scholarships were
created in fiscal 2004.
Gifts came in many forms
and in many disciplines. Some,
like a recent estate bequest
from a pioneering female
chemistry alumna, were estab-
lished to fund scholarships for
students well into the future.
The gift was realized from
Dr. Esther C. (Peterson) Daniel
(LAS ‘23) last year after her
death at age 102.
Other gifts offered global
opportunities, which greatly
enhance the Iowa State experi-
ence. One example is a generous
deferred gift, which will assure
Iowa State agriculture students
and faculty will continue to trav-
el to the Ukraine to study their
farming culture for years to
come. The gift will benefit
Ukrainian students who come
to America to learn as well.
The Rosenthal Scholarships
were established by a caring
anonymous donor to motivate
and reward non-traditional
Support for Students—Never Better!
(23 years and older), full-time
female students who are single
parents. This opportunity helps
break down barriers than could
limit academic success.
Scholarships are as unique
as the donors who create them.
They allow donors to chose the
opportunities which fulfill their
desires to make a difference,
while giving students the
chance to continue studies in
fields and curricula that interest
them. It’s a perfect match. t
Melissa Fox is a junior from Vassar, Kan.,
majoring in nutritional science and minor-
ing in biochemistry. She’s serving as a
George Washington Carver intern for
The World Food Prize in Des Moines
and will receive credit for this in her
Honors Program project. Melissa
has received financial support from
seven different privately-supported
scholarship accounts.
“I only had to visit Iowa State
once before I knew it was the right
choice for me. The Nutritional Science and Food
Science labs were incredible, and their academic
programs are nationally recognized for their
quality. The freshman mentor program was an
amazing experience—normally a first year
student would never get the chance to receive
that type of hands-on lab experience. As an out-
of-state student, the financial aid
package I received was a key
contributing factor in my decision—
it made Iowa State more affordable
than some Kansas schools. The
World Food Prize internship is an
incredible opportunity that will
enable me to develop professional
contacts and gain a better under-
standing of the fields I’m entering. I am extremely
grateful for the scholarships I have received,
because they allow me to pursue a more
constructive academic path.” t
Callie Busch and Velliyur Mahesh take a break in the Memorial Union.
Scholarships Attract the Brightest Minds to Ames
STUDENT SUPPORT
7
Melissa Fox
Heather White and David Kagimarest between classes.
8
Roughly a centuryago, some of IowaState’s most famous
landmarks were begin-ning to dot the land-scape, helping to createwhat is now one of themost beautiful collegecampuses in the nation.Morrill Hall (1891),Marston (1903),Beardshear (1906),Curtiss (1909) andMacKay (1911) areshining examples ofwhat ISU leaders envisioned for thelong-term future of the university. In additionto being objects of finearchitecture, thesebuildings were erectedto serve as importantlearning and adminis-trative centers, benefit-ing students and faculty alike.
Over the next 100 years, as
the Iowa State campus contin-
ued to grow, private support
began playing a key role in
the development of many
building projects. ISU bene-
factors were taking pride in
helping create modern facili-
ties that were attracting a new
generation of students and
faculty. And now more than
ever, donors are realizing what
it means to provide quality
environments for teaching and
learning. Perhaps this is why
Iowa State has just completed
one of its most successful
years in terms of new facility
dedications.
Last year, more than $22
million of private dollars was
spent on building projects. Five
buildings and four laboratories
were officially dedicated thanks
to the generous support of
hundreds of benefactors. These
new facilities include:
• Reiman Gardens Conservatoryand Christina Reiman Butterfly Wing
• Gary and Donna Hoover Hall
• Extension 4-H Youth Building
• The Roy J. Carver Co-Laboratory
• Gerdin Business Building
• P. Craig Livesay StructuralMaterials Testing Facility
• Caterpillar MechatronicsLaboratory
• Gerald and Audrey Olson SoilMechanics Laboratory
• W.M. Keck MetabolomicsResearch Laboratory
Watch for more facility
updates in the next issue of
Connections, including the
dedication of the Steve and
Debbie Bergstrom Indoor
Training Facility that took
place September 3. t
Reshaping ISU’s Campus for the Future
“Academically speaking, going
to class in a state of the art
learning center on the campus
of one of the best science and
technology schools in the
nation is an advantage that
is uniquely ours.”
Andrea Rheinhart, a businessmajor speaking at the dedica-tion of the Gerdin BusinessBuilding, February 20, 2004
R“It is our conviction that the
generation of biotechnology
enterprises will be incubated
and hatched in the Roy J.
Carver Co-Laboratory.”
Stephen H. Howell, PlantSciences Institute director,speaking at the dedication of the Roy J. Carver Co-Laboratory, October 18, 2003
“The new conservatory and
Christina Reiman Butterfly
Wing are spectacular additions
to what has become the
premier educational, research
and public garden complex in
the Midwest.”
Iowa State University PresidentGeoffroy, speaking at the dedi-cation of the Reiman GardensConservatory and ChristinaReiman Butterfly Wing, August 30, 2003
R“It is our family’s hope that other
men and women will be able to
use the education they receive
in this lab to make the world a
safer place.”
David Livesay, son of the late P. Craig and Mary Livesay,speaking at the dedication ofthe P. Craig Livesay StructuralMaterials Testing Facility, April 30, 2004
“This will fill the hunger that we
have as graduate students to
learn new techniques, develop
new scientific ideas and par-
ticipate in important research.”
Ann Perera, laboratory manager and Ph.D. candidate,speaking at the dedication ofthe W.M. Keck MetabolomicsResearch Laboratory, June 3, 2004
R“We must develop a new para-
digm for engineering education
and research to better prepare
our students to meet the
challenges that lie ahead. This
new building is proof of our
commitment, not only to meet
those challenges, but also to
transcend them and redefine
what it means to be an engineer
in the 21st century.”
James L. Melsa, College ofEngineering dean, speaking at the dedication of Gary and Donna Hoover Hall,October 4, 2003 t
FACILITY SUPPORT
9
What People are Saying About ISU’s New Facilities
Last year, more than $22 million of private dollars
was spent on building projects.
Gary and Donna Hoover Hall The Roy J. Carver Co-Laboratory Gerdin Business BuildingExtension 4-H Youth BuildingReiman Gardens Conservatory andChristina Reiman Butterfly Wing
8
Roughly a centuryago, some of IowaState’s most famous
landmarks were begin-ning to dot the land-scape, helping to createwhat is now one of themost beautiful collegecampuses in the nation.Morrill Hall (1891),Marston (1903),Beardshear (1906),Curtiss (1909) andMacKay (1911) areshining examples ofwhat ISU leaders envisioned for thelong-term future of the university. In additionto being objects of finearchitecture, thesebuildings were erectedto serve as importantlearning and adminis-trative centers, benefit-ing students and faculty alike.
Over the next 100 years, as
the Iowa State campus contin-
ued to grow, private support
began playing a key role in
the development of many
building projects. ISU bene-
factors were taking pride in
helping create modern facili-
ties that were attracting a new
generation of students and
faculty. And now more than
ever, donors are realizing what
it means to provide quality
environments for teaching and
learning. Perhaps this is why
Iowa State has just completed
one of its most successful
years in terms of new facility
dedications.
Last year, more than $22
million of private dollars was
spent on building projects. Five
buildings and four laboratories
were officially dedicated thanks
to the generous support of
hundreds of benefactors. These
new facilities include:
• Reiman Gardens Conservatoryand Christina Reiman Butterfly Wing
• Gary and Donna Hoover Hall
• Extension 4-H Youth Building
• The Roy J. Carver Co-Laboratory
• Gerdin Business Building
• P. Craig Livesay StructuralMaterials Testing Facility
• Caterpillar MechatronicsLaboratory
• Gerald and Audrey Olson SoilMechanics Laboratory
• W.M. Keck MetabolomicsResearch Laboratory
Watch for more facility
updates in the next issue of
Connections, including the
dedication of the Steve and
Debbie Bergstrom Indoor
Training Facility that took
place September 3. t
Reshaping ISU’s Campus for the Future
“Academically speaking, going
to class in a state of the art
learning center on the campus
of one of the best science and
technology schools in the
nation is an advantage that
is uniquely ours.”
Andrea Rheinhart, a businessmajor speaking at the dedica-tion of the Gerdin BusinessBuilding, February 20, 2004
R“It is our conviction that the
generation of biotechnology
enterprises will be incubated
and hatched in the Roy J.
Carver Co-Laboratory.”
Stephen H. Howell, PlantSciences Institute director,speaking at the dedication of the Roy J. Carver Co-Laboratory, October 18, 2003
“The new conservatory and
Christina Reiman Butterfly
Wing are spectacular additions
to what has become the
premier educational, research
and public garden complex in
the Midwest.”
Iowa State University PresidentGeoffroy, speaking at the dedi-cation of the Reiman GardensConservatory and ChristinaReiman Butterfly Wing, August 30, 2003
R“It is our family’s hope that other
men and women will be able to
use the education they receive
in this lab to make the world a
safer place.”
David Livesay, son of the late P. Craig and Mary Livesay,speaking at the dedication ofthe P. Craig Livesay StructuralMaterials Testing Facility, April 30, 2004
“This will fill the hunger that we
have as graduate students to
learn new techniques, develop
new scientific ideas and par-
ticipate in important research.”
Ann Perera, laboratory manager and Ph.D. candidate,speaking at the dedication ofthe W.M. Keck MetabolomicsResearch Laboratory, June 3, 2004
R“We must develop a new para-
digm for engineering education
and research to better prepare
our students to meet the
challenges that lie ahead. This
new building is proof of our
commitment, not only to meet
those challenges, but also to
transcend them and redefine
what it means to be an engineer
in the 21st century.”
James L. Melsa, College ofEngineering dean, speaking at the dedication of Gary and Donna Hoover Hall,October 4, 2003 t
FACILITY SUPPORT
9
What People are Saying About ISU’s New Facilities
Last year, more than $22 million of private dollars
was spent on building projects.
Gary and Donna Hoover Hall The Roy J. Carver Co-Laboratory Gerdin Business BuildingExtension 4-H Youth BuildingReiman Gardens Conservatory andChristina Reiman Butterfly Wing
10
Private support forstudents, facultyand building
projects at Iowa Statehave seen tremendousgrowth this past year.These are the obviousthings you see andhear about on cam-pus—a new buildingunder construction;students darting fromone class to the nextpreparing for theirfuture; and professorsshaping the minds of a new generation ofleaders. However, notto be forgotten are thehundreds of programsat ISU that require pri-vate support to providemeaningful benefits.
Many of these programs are
funded in part or entirely by
private dollars received from
the annual giving program.
Last year a record $5.6 million
was raised through annual
giving—and many of these
donors designated their money
to specific program funds.
Some of the larger programs
that receive support include the
academic colleges and depart-
ments, the Greater University
Fund for Excellence, ISU
Athletics, ISU Extension, Reiman
Gardens, University Museums,
Honors Program, Morrill Hall,
WOI Radio and the University
Library. However, many smaller
programs also benefit from
annual giving support. Donors
established funds to assist in
targeted areas including animal
science, forestry and equip-
ment, technology in education,
women’s studies, band instru-
ments, religious studies,
journalism computers, agricul-
ture research, agronomy club,
karate club and the music
string program—just to name
a few. In fact, donors con-
tributed to 458 funds last year
through the annual giving
program.
Private program dollars
are added value, margin-of-
excellence difference makers in
the lives of ISU students and
faculty. And because of sliding
state support, they are more
valuable than ever before.
Benefactors like you help pro-
vide and protect the “extras”
that have long existed to make
the ISU experience special. t
Campus Programs Enhance ISU
Private support helps fund the purchase of computers at Iowa State.
ISU boosters support a variety of athletic programs.
PROGRAM SUPPORT
Benefactors like you help provide and protect the
“extras” that havelong existed to make the ISU
experience special.
The University Library receives donorsupport to help enhance programs.
The Iowa State University Honors Program
promotes an enriched academic environment
for students of high ability, regardless of
major, who are interested in taking advantage of
educational and intellectual opportunities and
challenges. These include the
pursuit of a broad liberal education;
the ability to individualize the
student’s program of study; access
to graduate-level courses; and
the opportunity to be involved in
research projects. There are cur-
rently 1,200 student members of the
Honors Program and 3,000 alumni.
Philanthropy plays a key role in the success of
the Honors Program. Projects such as research
opportunities and studying abroad are funded
by generous benefactors who want to support
students in this academic enriched environment.
“Students experience so many wonderful opportu-
nities in the Honors Program and donors help
make that experience something unique and
special,” said Ricki Shine, administrative director
of the program.
Private dollars helped establish a summer
research program for freshmen and sophomores
who want to continue working on
projects they began in the Freshman
Honors Mentor Program. Honors
students also have the opportunity to
participate in independent research
projects thanks to five to 10 grants
of up to $600 each that are awarded
annually. Other examples of donor-
funded programs include a scholar-
ship that helps students concentrate on leadership
opportunities at Iowa State, thereby reducing their
need for outside jobs to cover expenses.
“Iowa State offers an outstanding Honors
Program,” Shine said. “Our donors make that
program even more appealing to students by pro-
viding the extras that really make a difference.” t
Program Support Helps Make the ISU Experience Special
Ricki Shine
11
10
Private support forstudents, facultyand building
projects at Iowa Statehave seen tremendousgrowth this past year.These are the obviousthings you see andhear about on cam-pus—a new buildingunder construction;students darting fromone class to the nextpreparing for theirfuture; and professorsshaping the minds of a new generation ofleaders. However, notto be forgotten are thehundreds of programsat ISU that require pri-vate support to providemeaningful benefits.
Many of these programs are
funded in part or entirely by
private dollars received from
the annual giving program.
Last year a record $5.6 million
was raised through annual
giving—and many of these
donors designated their money
to specific program funds.
Some of the larger programs
that receive support include the
academic colleges and depart-
ments, the Greater University
Fund for Excellence, ISU
Athletics, ISU Extension, Reiman
Gardens, University Museums,
Honors Program, Morrill Hall,
WOI Radio and the University
Library. However, many smaller
programs also benefit from
annual giving support. Donors
established funds to assist in
targeted areas including animal
science, forestry and equip-
ment, technology in education,
women’s studies, band instru-
ments, religious studies,
journalism computers, agricul-
ture research, agronomy club,
karate club and the music
string program—just to name
a few. In fact, donors con-
tributed to 458 funds last year
through the annual giving
program.
Private program dollars
are added value, margin-of-
excellence difference makers in
the lives of ISU students and
faculty. And because of sliding
state support, they are more
valuable than ever before.
Benefactors like you help pro-
vide and protect the “extras”
that have long existed to make
the ISU experience special. t
Campus Programs Enhance ISU
Private support helps fund the purchase of computers at Iowa State.
ISU boosters support a variety of athletic programs.
PROGRAM SUPPORT
Benefactors like you help provide and protect the
“extras” that havelong existed to make the ISU
experience special.
The University Library receives donorsupport to help enhance programs.
The Iowa State University Honors Program
promotes an enriched academic environment
for students of high ability, regardless of
major, who are interested in taking advantage of
educational and intellectual opportunities and
challenges. These include the
pursuit of a broad liberal education;
the ability to individualize the
student’s program of study; access
to graduate-level courses; and
the opportunity to be involved in
research projects. There are cur-
rently 1,200 student members of the
Honors Program and 3,000 alumni.
Philanthropy plays a key role in the success of
the Honors Program. Projects such as research
opportunities and studying abroad are funded
by generous benefactors who want to support
students in this academic enriched environment.
“Students experience so many wonderful opportu-
nities in the Honors Program and donors help
make that experience something unique and
special,” said Ricki Shine, administrative director
of the program.
Private dollars helped establish a summer
research program for freshmen and sophomores
who want to continue working on
projects they began in the Freshman
Honors Mentor Program. Honors
students also have the opportunity to
participate in independent research
projects thanks to five to 10 grants
of up to $600 each that are awarded
annually. Other examples of donor-
funded programs include a scholar-
ship that helps students concentrate on leadership
opportunities at Iowa State, thereby reducing their
need for outside jobs to cover expenses.
“Iowa State offers an outstanding Honors
Program,” Shine said. “Our donors make that
program even more appealing to students by pro-
viding the extras that really make a difference.” t
Program Support Helps Make the ISU Experience Special
Ricki Shine
11
12
Dear Friends:
This past fiscal year has been
a truly successful one in
terms of philanthropy and
private support for Iowa State
University. A personal thank
you to all the donors who
made gifts—your generosity
makes a difference in the lives
of many! The impact that is
generated from benefactors like
you is appreciated by the stu-
dents, faculty and staff at ISU.
There was much to celebrate
this year and I’d like to share
some of the highlights with you:
• The number of donors who gave last year was 53,441—a 14 percent increase from theprevious year and a positive signthat the future of fundraising willbe strong.
• Total gift production last year set a new record at more than$208 million, which includes outright gifts, new pledges, newdeferred commitments and in-kind gifts. Without in-kind gifts,production reached $63.2 millioncompared with $38.9 million theprevious year.
• Investment return for the endowment pool was 16.6 percent—a vast improvementfrom the previous year’s return of 3.4 percent.
• Last year, the amount of privategift support transferred to ISU (excluding in-kind gifts)increased 34 percent.
This was indeed a great year
and we accomplished a lot.
Fiscal year 2005 promises to
be an exciting time as we keep
advancing the cause of our
great university. Raising dollars
to support faculty and students
will be critical to our mission.
I look forward to continuing
to help the ISU Foundation
maximize private support for
Iowa State.
Thank you again for your
gifts and support this past year.
As always, we encourage your
suggestions and comments.
KELLEY A. BERGSTROM
CHAIR, BOARD OF DIRECTORS
IOWA STATE UNIVERSITY FOUNDATION
Annual ReportJULY 1, 2003 TO JUNE 30, 2004
“A personal thankyou to all the
donors who madegifts—your
generosity makes adifference in thelives of many!”
Audit and Professional Relations CommitteeSherry Sunderman, chair, Lyle Campbell,
G.W. Cornwell, Joe Cunning, Mary Dubas,
Cara Heiden, Norm Skadburg, Jim Stein,
David Van Wert, Thelma Voetberg, Lynn Vorbrich
Awards CommitteeSandy Rogers May, chair, John Axel, Irene
Beavers, Maxine Burch, Bill Bywater, Barbara
Forker, Dale Grosvenor, Marilyn Kollmorgen,
Noel Smith, Jamie Stensland
Board Governance CommitteeJack Cosgrove, chair, Bill Binger, Sandra Davis,
Denise Essman, Jerry Kolschowsky, Joanne
Kuster, Jean Steffenson, Tom Whitson
Development CommitteeRoger Underwood, chair, Vance Coffman,
Beth Cross, Russ Cross, Linda Dasher, Glenn De
Stigter, Mike Dubes, Diane Greenlee, Sharon
Juon, Andy Lashier, Craig Marrs, Scott Olson,
Kay Runge, Jean Steffenson, Donna Whitney
Finance CommitteeSteve Schuler, chair, Gregg Behrens, Dwight
Conover, Marla Franklin, Bill Goodwin,
Cheryl Gordon Krongard, Rudy Herrmann,
Labh Hira, John Hsu, Roger Rinderknecht,
Robert Stafford, Murray Wise
Investment CommitteeCheryl Gordon Krongard, chair, Steve Bergstrom,
Lloyd Bettis, Gary Hoover, Bob Jester, Bob
McLaughlin, Warren Madden, John Rogers, Bob
Vasko, Steve Watson, Bob Wolter, Dennis Wood
Nominating CommitteeJohn Lawson, chair, Jack Cosgrove, John DeVries,
Jim Frevert, Dan Krieger, Gene Lloyd, Beverly
Madden, Roger Rinderknecht, Arend Sandbulte,
Dave Shoultz, Chelon Stanzel, Gary Thompson,
Ellen Walvoord, Don Zuck
ISU Foundation Board of Directors and Committee Members 2003-2004
Iowa State University Foundation 2003-2004 Board of Directors Front Row: Owen Newlin, Cara Heiden (secretary),Dan Saftig (president), Kelley Bergstrom (chair), Gregory Geoffroy and Marvin Walter Back Row: Steve Schuler,Agatha Burnet, Joanne Kuster, Roger Underwood, Jack Cosgrove (vice chair), Sherry Sunderman, John Lawson (past chair), Diane Greenlee, David Van Wert, Labh Hira, Cheryl Gordon Krongard and Sandra Davis Not pictured:Jerry Kolschowsky (treasurer) and Martha Lagomarcino Gleason
13
12
Dear Friends:
This past fiscal year has been
a truly successful one in
terms of philanthropy and
private support for Iowa State
University. A personal thank
you to all the donors who
made gifts—your generosity
makes a difference in the lives
of many! The impact that is
generated from benefactors like
you is appreciated by the stu-
dents, faculty and staff at ISU.
There was much to celebrate
this year and I’d like to share
some of the highlights with you:
• The number of donors who gave last year was 53,441—a 14 percent increase from theprevious year and a positive signthat the future of fundraising willbe strong.
• Total gift production last year set a new record at more than$208 million, which includes outright gifts, new pledges, newdeferred commitments and in-kind gifts. Without in-kind gifts,production reached $63.2 millioncompared with $38.9 million theprevious year.
• Investment return for the endowment pool was 16.6 percent—a vast improvementfrom the previous year’s return of 3.4 percent.
• Last year, the amount of privategift support transferred to ISU (excluding in-kind gifts)increased 34 percent.
This was indeed a great year
and we accomplished a lot.
Fiscal year 2005 promises to
be an exciting time as we keep
advancing the cause of our
great university. Raising dollars
to support faculty and students
will be critical to our mission.
I look forward to continuing
to help the ISU Foundation
maximize private support for
Iowa State.
Thank you again for your
gifts and support this past year.
As always, we encourage your
suggestions and comments.
KELLEY A. BERGSTROM
CHAIR, BOARD OF DIRECTORS
IOWA STATE UNIVERSITY FOUNDATION
Annual ReportJULY 1, 2003 TO JUNE 30, 2004
“A personal thankyou to all the
donors who madegifts—your
generosity makes adifference in thelives of many!”
Audit and Professional Relations CommitteeSherry Sunderman, chair, Lyle Campbell,
G.W. Cornwell, Joe Cunning, Mary Dubas,
Cara Heiden, Norm Skadburg, Jim Stein,
David Van Wert, Thelma Voetberg, Lynn Vorbrich
Awards CommitteeSandy Rogers May, chair, John Axel, Irene
Beavers, Maxine Burch, Bill Bywater, Barbara
Forker, Dale Grosvenor, Marilyn Kollmorgen,
Noel Smith, Jamie Stensland
Board Governance CommitteeJack Cosgrove, chair, Bill Binger, Sandra Davis,
Denise Essman, Jerry Kolschowsky, Joanne
Kuster, Jean Steffenson, Tom Whitson
Development CommitteeRoger Underwood, chair, Vance Coffman,
Beth Cross, Russ Cross, Linda Dasher, Glenn De
Stigter, Mike Dubes, Diane Greenlee, Sharon
Juon, Andy Lashier, Craig Marrs, Scott Olson,
Kay Runge, Jean Steffenson, Donna Whitney
Finance CommitteeSteve Schuler, chair, Gregg Behrens, Dwight
Conover, Marla Franklin, Bill Goodwin,
Cheryl Gordon Krongard, Rudy Herrmann,
Labh Hira, John Hsu, Roger Rinderknecht,
Robert Stafford, Murray Wise
Investment CommitteeCheryl Gordon Krongard, chair, Steve Bergstrom,
Lloyd Bettis, Gary Hoover, Bob Jester, Bob
McLaughlin, Warren Madden, John Rogers, Bob
Vasko, Steve Watson, Bob Wolter, Dennis Wood
Nominating CommitteeJohn Lawson, chair, Jack Cosgrove, John DeVries,
Jim Frevert, Dan Krieger, Gene Lloyd, Beverly
Madden, Roger Rinderknecht, Arend Sandbulte,
Dave Shoultz, Chelon Stanzel, Gary Thompson,
Ellen Walvoord, Don Zuck
ISU Foundation Board of Directors and Committee Members 2003-2004
Iowa State University Foundation 2003-2004 Board of Directors Front Row: Owen Newlin, Cara Heiden (secretary),Dan Saftig (president), Kelley Bergstrom (chair), Gregory Geoffroy and Marvin Walter Back Row: Steve Schuler,Agatha Burnet, Joanne Kuster, Roger Underwood, Jack Cosgrove (vice chair), Sherry Sunderman, John Lawson (past chair), Diane Greenlee, David Van Wert, Labh Hira, Cheryl Gordon Krongard and Sandra Davis Not pictured:Jerry Kolschowsky (treasurer) and Martha Lagomarcino Gleason
13
A N N U A L R E P O R TFinancial Highlights
ISU Foundation Endowment Allocation
Gift Fund Categories
Sources of Gifts
OtherIndividuals 15%
Corporations 11%
Gifts by Donor Designation
Buildings andMaintenance 27%
Foundations 10%
Faculty and StaffSupport 8%
Unrestricted 3%
Bonds 29%
Large Cap Equity 25%
Deferred 38%
Pledges 36%
Cash forExpenditure21%
Student Financial Aid 23%
Alumni 64%
Colleges andAdministrationSupport 39%
Cash for Endowment 5%
15
Summary Financial Position as of June 30, 2004 and June 30, 2003
2004 2003Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 439,820,087. . . . . . . . . . . . . . . . $ 392,654,154
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,943,195. . . . . . . . . . . . . . . . $ 39,643,449
Net assets*Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,709,970. . . . . . . . . . . . . . . . $ 10,600,130Temporary restricted . . . . . . . . . . . . . . . . . . . . . . . . . $ 92,911,942. . . . . . . . . . . . . . . . $ 101,420,732Permanently restricted. . . . . . . . . . . . . . . . . . . . . . $ 295,254,980. . . . . . . . . . . . . . . . $ 240,989,843
Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
*The ISU Foundation’s net assets are categorized as follows:• Unrestricted net assets are not subject to donor-imposed restrictions.• Temporarily restricted net assets have been restricted by the donors for
use for a specific purpose or time period.• Permanently restricted net assets are subject to donor-imposed restrictions
that will be maintained permanently by the ISU Foundation.
Financial Activities for the Years Ended June 30, 2004 and June 30, 2003
2004 2003Revenues
Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,630,855. . . . . . . . . . . . . . . . $ 44,353,064Total investment return . . . . . . . . . . . . . . . . . . . . . $ 42,029,724. . . . . . . . . . . . . . . . $ 18,041,184Other earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,796,057. . . . . . . . . . . . . . . . $ 563,706
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 102,456,636. . . . . . . . . . . . . . . . $ 62,957,954
ExpendituresUniversity programs*. . . . . . . . . . . . . . . . . . . . . . . . . $ 48,112,695. . . . . . . . . . . . . . . . $ 51,282,969Operating/fundraising. . . . . . . . . . . . . . . . . . . . . . . . $ 6,368,472. . . . . . . . . . . . . . . . $ 5,877,832Operating/administrative. . . . . . . . . . . . . . . . . . . $ 2,729,271. . . . . . . . . . . . . . . . $ 3,270,845Annuity liability adjustment. . . . . . . . . . . . . . . $ 380,011. . . . . . . . . . . . . . . . $ <277,895
Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,590,449. . . . . . . . . . . . . . . . $ 60,153,751
Change in net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 44,866,187. . . . . . . . . . . . . . . . $ 2,804,203
Beginning net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 353,010,705. . . . . . . . . . . . . . . . $ 350,206,502
Ending net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
*University program expenditures are amounts provided by the ISU Foundation forexpenditure by Iowa State University according to donor direction.
A N N U A L R E P O R TSummary Financial Information
The mission of theIowa State UniversityFoundation is to
secure and steward private gifts and grantsthat support Iowa StateUniversity’s aspirationto become the best university in the nationin fulfilling its land-grant responsibilities.
The ISU Foundation strives
to maximize the interest,
involvement and commitment
of donors, and to manage
donated assets for the benefit
of Iowa State University in
accordance with the wishes
of donors.
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.
>
14
ALL NUMBERS EXCLUDE IN-KIND GIFTS.
Mid Cap Equity 10%
Small Cap Equity 10%
Global Equity 10%
AbsoluteReturn 10%
PrivateEquity 6%
0'00 '01 '02 '03 '04
$33.2$27.4 $30.7
$34.7
$47.4
10
20
30
40
50
in m
illio
ns
Private Funds Spent Over 5 Yearsto Benefit Iowa State University
perc
ent
0
5
10
15
20
1 year (FY04)
5 years 10 years
16.6%
2.6%
8.9%
ISU Foundation Endowment Return
A N N U A L R E P O R TFinancial Highlights
ISU Foundation Endowment Allocation
Gift Fund Categories
Sources of Gifts
OtherIndividuals 15%
Corporations 11%
Gifts by Donor Designation
Buildings andMaintenance 27%
Foundations 10%
Faculty and StaffSupport 8%
Unrestricted 3%
Bonds 29%
Large Cap Equity 25%
Deferred 38%
Pledges 36%
Cash forExpenditure21%
Student Financial Aid 23%
Alumni 64%
Colleges andAdministrationSupport 39%
Cash for Endowment 5%
15
Summary Financial Position as of June 30, 2004 and June 30, 2003
2004 2003Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 439,820,087. . . . . . . . . . . . . . . . $ 392,654,154
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,943,195. . . . . . . . . . . . . . . . $ 39,643,449
Net assets*Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,709,970. . . . . . . . . . . . . . . . $ 10,600,130Temporary restricted . . . . . . . . . . . . . . . . . . . . . . . . . $ 92,911,942. . . . . . . . . . . . . . . . $ 101,420,732Permanently restricted. . . . . . . . . . . . . . . . . . . . . . $ 295,254,980. . . . . . . . . . . . . . . . $ 240,989,843
Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
*The ISU Foundation’s net assets are categorized as follows:• Unrestricted net assets are not subject to donor-imposed restrictions.• Temporarily restricted net assets have been restricted by the donors for
use for a specific purpose or time period.• Permanently restricted net assets are subject to donor-imposed restrictions
that will be maintained permanently by the ISU Foundation.
Financial Activities for the Years Ended June 30, 2004 and June 30, 2003
2004 2003Revenues
Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,630,855. . . . . . . . . . . . . . . . $ 44,353,064Total investment return . . . . . . . . . . . . . . . . . . . . . $ 42,029,724. . . . . . . . . . . . . . . . $ 18,041,184Other earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,796,057. . . . . . . . . . . . . . . . $ 563,706
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 102,456,636. . . . . . . . . . . . . . . . $ 62,957,954
ExpendituresUniversity programs*. . . . . . . . . . . . . . . . . . . . . . . . . $ 48,112,695. . . . . . . . . . . . . . . . $ 51,282,969Operating/fundraising. . . . . . . . . . . . . . . . . . . . . . . . $ 6,368,472. . . . . . . . . . . . . . . . $ 5,877,832Operating/administrative. . . . . . . . . . . . . . . . . . . $ 2,729,271. . . . . . . . . . . . . . . . $ 3,270,845Annuity liability adjustment. . . . . . . . . . . . . . . $ 380,011. . . . . . . . . . . . . . . . $ <277,895
Total expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,590,449. . . . . . . . . . . . . . . . $ 60,153,751
Change in net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 44,866,187. . . . . . . . . . . . . . . . $ 2,804,203
Beginning net assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 353,010,705. . . . . . . . . . . . . . . . $ 350,206,502
Ending net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 397,876,892. . . . . . . . . . . . . . . . $ 353,010,705
*University program expenditures are amounts provided by the ISU Foundation forexpenditure by Iowa State University according to donor direction.
A N N U A L R E P O R TSummary Financial Information
The mission of theIowa State UniversityFoundation is to
secure and steward private gifts and grantsthat support Iowa StateUniversity’s aspirationto become the best university in the nationin fulfilling its land-grant responsibilities.
The ISU Foundation strives
to maximize the interest,
involvement and commitment
of donors, and to manage
donated assets for the benefit
of Iowa State University in
accordance with the wishes
of donors.
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.
>
14
ALL NUMBERS EXCLUDE IN-KIND GIFTS.
Mid Cap Equity 10%
Small Cap Equity 10%
Global Equity 10%
AbsoluteReturn 10%
PrivateEquity 6%
0'00 '01 '02 '03 '04
$33.2$27.4 $30.7
$34.7
$47.4
10
20
30
40
50
in m
illio
ns
Private Funds Spent Over 5 Yearsto Benefit Iowa State University
perc
ent
0
5
10
15
20
1 year (FY04)
5 years 10 years
16.6%
2.6%
8.9%
ISU Foundation Endowment Return
Another summer has come and gone, students havereturned to campus and fall traditions at IowaState are well underway. A new academic year
also means a new set of fundraising goals and priorities for the university. There are a variety of high priorityprojects that require private dollars. However, at the top of the list is support for our students and faculty.
Faculty play a major role at ISU as
their efforts determine the level of
excellence in all aspects of the univer-
sity’s mission. Faculty support comes
in the form of chairs, professorships,
fellowships and program enhance-
ments. ISU must retain and attract
the most talented faculty to guarantee
students are learning and engaging
from the very best. The marketplace
for top-notch faculty is extremely
competitive, but your gifts help ensure
that Iowa State remains competitive
in this arena.
Thousands of students rely on
scholarships to achieve their dreams of
an ISU degree. Scholarships help Iowa
State make higher education affordable
for our future leaders, as well as attract
the brightest minds to Ames. During
the past academic year, more than
$13 million private dollars supported
students in their quest for higher
learning. That amount was a significant
increase from the previous year, but the
bar must now be raised even higher.
Donors have always had a strong
passion for the people factor at ISU.
Many can recount firsthand their own
experiences with a great professor or
receiving financial help.
It’s the role of the Iowa State
University Foundation to bring the
interests of donors and the priorities
of ISU together for meaningful
engagements. Raising funds to sup-
port students and faculty is mission-
critical for the 2004-05 year. t
16
$208,496,771
53,441
10,236
$285,000,000
99
458
50
1
Total dollars raised in FY04, including gifts-in-kind.
The number of donors who have gave gifts to support ISU in FY04(an increase of 14% from FY03).
The number of new donors who supported ISU in FY04.
The total amount of private gifts and endowment earningsmade available to ISU in the last 10 years.
The number of new scholarships that were created by donors in FY04.
The number of funds donors contributed to in FY04 through the annual giving program.
The age Cy turns this year.
Total donor contacts in FY04(in person, phone, mail and e-mail.)
The number of benefactors it takes to make a difference at Iowa State University.
Know yournumbers
226,039
A New Year—New Opportunities
Another summer has come and gone, students havereturned to campus and fall traditions at IowaState are well underway. A new academic year
also means a new set of fundraising goals and priorities for the university. There are a variety of high priorityprojects that require private dollars. However, at the top of the list is support for our students and faculty.
Faculty play a major role at ISU as
their efforts determine the level of
excellence in all aspects of the univer-
sity’s mission. Faculty support comes
in the form of chairs, professorships,
fellowships and program enhance-
ments. ISU must retain and attract
the most talented faculty to guarantee
students are learning and engaging
from the very best. The marketplace
for top-notch faculty is extremely
competitive, but your gifts help ensure
that Iowa State remains competitive
in this arena.
Thousands of students rely on
scholarships to achieve their dreams of
an ISU degree. Scholarships help Iowa
State make higher education affordable
for our future leaders, as well as attract
the brightest minds to Ames. During
the past academic year, more than
$13 million private dollars supported
students in their quest for higher
learning. That amount was a significant
increase from the previous year, but the
bar must now be raised even higher.
Donors have always had a strong
passion for the people factor at ISU.
Many can recount firsthand their own
experiences with a great professor or
receiving financial help.
It’s the role of the Iowa State
University Foundation to bring the
interests of donors and the priorities
of ISU together for meaningful
engagements. Raising funds to sup-
port students and faculty is mission-
critical for the 2004-05 year. t
16
$208,496,771
53,441
10,236
$285,000,000
99
458
50
1
Total dollars raised in FY04, including gifts-in-kind.
The number of donors who have gave gifts to support ISU in FY04(an increase of 14% from FY03).
The number of new donors who supported ISU in FY04.
The total amount of private gifts and endowment earningsmade available to ISU in the last 10 years.
The number of new scholarships that were created by donors in FY04.
The number of funds donors contributed to in FY04 through the annual giving program.
The age Cy turns this year.
Total donor contacts in FY04(in person, phone, mail and e-mail.)
The number of benefactors it takes to make a difference at Iowa State University.
Know yournumbers
226,039
A New Year—New Opportunities
NonprofitOrganizationU.S. Postage
PAIDAmes, Iowa
Permit No. 130
Iowa State University Foundation2505 Elwood DriveAmes, IA 50010-8644
RETURN SERVICE REQUESTED
“YOUR GIFTS MAKE IOWA STATE GREAT“
Private support remains critical to the future of Iowa State
University. No matter the size of the gift, your donation
allows today’s ISU students and faculty to become their
best, and creates opportunities for future generations
of Iowa Staters.
on behalf of 26,000 other ISU students and 1,700 faculty members
MAHESH, DAVE, PETE, DAVID, CALLIE, KRISTIN, HEATHER AND NATE –
We can’t thank you enough for your generosity during the past year. Your willingness to provide financial
support to ISU students, faculty and programs continues to make Iowa State an exciting and dynamic
learning environment. Last year, more than 53,000 friends and alumni helped build on ISU’s reputation
of excellence through their contributions, and committed more than $60 million to various programs.
Your gifts truly do make Iowa State great!
Help make Iowa State great by making your gift today!Call the ISU Foundation at 1-866-419-6768, or visit us at www.foundation.iastate.edu