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$700,000 estate
gift creates endowed Presidential Scholarship fund at UI
Posted September
26, 2000
IOWA CITY -- A generous $700,000 estate gift from
UI graduates Robert F. Hansen and Velma P. Hansen will benefit a new
generation of student-scholars at the University of Iowa by creating
an endowed Presidential Scholarship fund.
Earnings from the gift, which will be invested through the University
of Iowa Foundation, will support the Robert F. and Velma P. Hansen Presidential
Scholarship Fund, one of 50 Presidential Scholarships that the UI awards
each year. This scholarship is Iowa's most prestigious; the university
awards it competitively to first-year students in the top five percent
of their high school classes who have ACT composite scores of 30 or
more.
"Historically, we have not had the resources to reward top scholars
or even good scholars," says Mark Warner, the University of Iowa's director
of student financial aid. "We need these types of high achievers because
they benefit all students in the classroom and raise the bar for the
entire university."
A desire to benefit students is what prompted Robert and Velma Hansen-who
had no children of their own-to arrange this estate gift before their
respective deaths in 1994 and 1999. The Atlanta, Georgia, residents
understood how student financial resources could improve education.
Robert Hansen received his M.D. degree from Iowa in 1934, before going
on to complete a master's degree in public health at Johns Hopkins University.
Velma Hansen received a G.N. degree from the UI in 1930. Together, they
began giving to the university through the foundation in 1975-four years
after Dr. Hansen retired from a long and distinguished career with the
United States Public Health Service.
The Hansen gift is part of the university's planned comprehensive campaign
to advance the UI's strategic goals for the years 2000-2005.
The campaign, which is in its early stages and for which no final dollar
goal has been established, will be conducted under the guidance of the
UI Foundation and will raise funds to substantially increase the number
of UI merit- and need-based scholarships, as well as the number of endowed
faculty chairs and professorships; support eight new educational and
research facilities; fund outreach and service programs to benefit individuals,
families, and communities throughout the state of Iowa; build the UI's
endowment; and launch new initiatives in the arts, sciences, business,
health care, and other fields.
The UI Foundation is the preferred channel for private contributions
to all areas of the university. Foundation staff work with alumni and
friends to generate funds for scholarships, professorships, facilities
improvements, equipment purchases, research and other UI initiatives.
Contact Information
Tom DePrenger
Director of Development, Special University Initiatives, UI Foundation
(319) 335-3305 or (800) 648-6973
Additional information about supporting student
scholarships at the UI also is available on this site.
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