Duane “Bud” Vieth
"I feel a great sense of gratitude toward the law school for the important role it has played in my career."
Duane “Bud” Vieth (1947 J.D.) attributes much of his success to being in the right place at the right time.
For him, the UI College of Law was one of those “right places”—and now he’s decided the time is right to give back to the college.
Bud knew that IRA funds are some of the best assets to use for charitable gifts because of their tax impact. So using some of his IRA assets, which had accumulated beyond his needs, Bud recently made a substantial lead gift to establish the N. William Hines Professorship Fund. Although Bud had originally planned on a deferred gift, a unique tax-free circumstance enabled him to give the IRA funds outright.
In turn, Bud’s gift honoring Hines’s retirement after 28 years as dean of the UI College of Law encouraged other friends and colleagues to give to the professorship, making it a community effort.
Says Bud about his generous contribution, “I feel a great sense of gratitude toward the law school for the important role it has played in my career. I always believed in doing something in return.”
Like many of his contemporaries, as a young man, Bud took time out from studies to serve in World War II. By the time he attended law school, he says, “I was older than the average law student is today. At that time, the school was exploding and didn’t have enough professors to handle all the students.” To meet the demand, legendary law dean Mason Ladd hired recent grads from Ivy League schools to join the Iowa faculty. “Many of them were only a year or two older than I was,” says Bud, “and some, like Bob Hunt, became my good friends.”
When it was time to look for a job, Hunt suggested that Bud try the relatively new law firm of Arnold, Fortas & Porter in Washington, D.C. Thanks to his tip, Bud became the eighth lawyer hired by the firm—where he practiced for more than 40 years, specializing in antitrust and trade regulation, corporate and securities, and litigation. He served for 17 years as managing partner and later as chairman, until his semi-retirement in 1989. The well-established law office now boasts hundreds of lawyers, and offices in six cities, including London and Brussels. The firm honored Bud by establishing a scholarship in his name in the UI College of Law.
Characteristic of his low-key nature, Bud’s own gifts to the college have created two awards named in honor of others. In addition to the Hines Professorship, he established The Hunt Prize in American Legal History, commemorating Professor Robert S. Hunt, the good friend and mentor who helped get his law career started.
Bud’s gift of IRA assets to establish the Hines Professorship remains his main legacy at the University. “Bill Hines was an outstanding leader, and I was delighted to contribute in this way,” says Bud, who served with Hines on the Law School Board of Directors for many years.
These generous contributions will help ensure the future excellence of the college that gave Bud the right start—which makes them just the right gifts at the right time.