“I always thought that if we can give in a more personal way—to help a student who might just need a little boost—we’d be delighted to do so,” says Bill. “And that’s what motivated us.”

William-Carly-AmbriscoFor William and Carly Ambrisco, one theme remains a constant: family. And their definition of family extends beyond the traditional meaning of the word. The Iowa City notables—Bill was a longtime business leader and former Iowa City mayor and Carly is a well-known community volunteer—have dedicated their lives to the health and well-being of their city and of others.

That includes the University of Iowa.

“I still consider us to be part of the University of Iowa family,” says Bill, who received a Bachelor of Science in Commerce degree in 1958. “I hope all graduates feel that way.”

The couple met in Washington, D.C., in 1951, when they both worked for the FBI. Bill is from a small coal-mining town in southwest Pennsylvania, and Carly grew up in Iowa City—her father was the city’s chief of police. The couple married in 1953 after Bill returned from serving in the Korean War, and they eventually relocated to Iowa City so that Bill could pursue a degree. Carly took a job with the UI, and Bill enrolled as a business student.

“When I arrived here, I was so impressed with the caliber of the students and faculty,” says Bill. “I’m grateful for the education I received at Iowa.”

The couple began setting down roots in Iowa City—they started a family, and Bill found a job that would launch a lifelong career. He went to work for the S.T. Morrison Agency, which later became A.W. Welt Ambrisco Insurance, and under his leadership, the agency became the largest in Johnson County.

Throughout those years, and still today, Bill and Carly were active community volunteers. They also kept tabs on the UI, attending events at Hancher, cheering on the Hawkeyes, and watching the university grow and thrive. As longtime donors, they’ve given generously to a number of areas within the university, including a recent gift through their estate plans.

“I always thought that if we can give in a more personal way—to help a student who might just need a little boost—we’d be delighted to do so,” says Bill. “And that’s what motivated us.”

The Ambriscos elected to name the UI as a beneficiary of a commercial annuity. The funds will create the William J. and Carly M. Ambrisco Scholarship in the University of Iowa Henry B. Tippie College of Business.

“One of the things I realized, after working at the UI and putting Bill through school, is that the university cannot exist on tuition alone—it can’t,” says Carly. “So it behooves alumni to do what they can to help the next person coming along. And we felt that this annuity was an asset we had that we could easily give to the UI.”

Future UI students will benefit tremendously. The scholarship will be awarded annually to deserving undergraduate or graduate students in the college who demonstrate financial need.

For Bill, it all comes back to family. “The University of Iowa is a great institution. We must be loyal to the family and try to help each other,” says Bill, in regard to giving back. “After all, you can’t take it with you.”