4175 connections fall 04

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.

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.

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

01020304050607080

46,98653,441

$208.5

70 64%

15%11%10%

., sFo

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

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.”

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

01020304050607080

46,98653,441

$208.5

70 64%

15%11%10%

., sFo

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

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.”

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

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

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

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

Melissa Fox

Heather White and David Kagimarest between classes.

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

Melissa Fox

Heather White and David Kagimarest between classes.

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

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

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

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

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

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

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

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

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%

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.

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

Private Funds Spent Over 5 Yearsto Benefit Iowa State University

1 year (FY04)

5 years 10 years

ISU Foundation Endowment Return