University asks Regents to name College of Medicine for Carvers
At a news conference on March 6, the Roy J. Carver Charitable Trust of Muscatine announced a gift to the College of Medicine of $63 million. It is the largest gift ever given to the University.
That money will go to support facilities, programs, and endowments including: construction of the Roy J. and Lucille A. Carver Biomedical Research Building; the Roy J. Carver Research Programs of Excellence, which will support pioneering research within the college; construction, renovation, and support of core research facilities; the Carver Medical Research Initiative Awards program to individual investigators pursuing highly innovative research; and faculty endowments associated with specific department or division headships and professorships within the college.
Roy and Lucille Carver made their first gift to The University of Iowa in 1969 to fund student scholarships. Since then, the Carver family and the Carver Trust, which began making grants in 1987, have given the University approximately $106 million for a broad array of purposes.
We are grateful that the Carver Trust has continued their legacy of deep and broad support to the University, said UI President Mary Sue Coleman in remarks at the announcement of the gift. Both the Carver family and the Carver Trust have been especially staunch supporters of the health sciences and health care at Iowa, bringing us today to their $63 million gift to the College of Medicine, the largest gift ever to the University. The size of this gift represents the deepest of commitments to The University of Iowa. It is a sign of continued, not culminating, support for the University.
Troy K. Ross, executive administrator of the Carver Trust, said this most recent gift is very much in the tradition of philanthropy established by Roy J. Carver during his lifetime.
The late Roy J. Carver was very committed to advancing knowledge of human disease through support for biomedical research, particularly at the University of Iowa College of Medicine, Ross said. This sizeable grant, awarded by the Carver Trusts board of trustees, including Mr. Carvers widow, Lucille, represents a long-term investment in the college that is intended to propel its research enterprise toward an unparalleled level of excellence.
Robert P. Kelch, dean of the College of Medicine and vice president for statewide health services, said support from the Carver Trust will have significant long-term impact on the health of Iowans and of people everywhere.
Over the years, the Carver Trust has played an important role in the colleges national and international reputation, he said. A gift of this magnitude will elevate Iowa into the highest tier of academic medical centers.
The College of Medicine will be the second University of Iowa college to be named. In 1999, the College of Business Administration was renamed the Henry B. Tippie College of Business in recognition of the Tippies $30 million gift to the University. If the request is approved by the Board of Regents, State of Iowa, The University of Iowa will have the seventh named medical school in the country. In February, Northwestern University renamed its medical school the Feinberg School of Medicine.
Roy J. Carver, an engineer, entrepreneur, and industrialist, died in 1981. Lucille A. Carver and Roy J. Carver Jr. serve on the Board of Trustees of the Carver Trust, which was established to continue the familys philanthropic work. It is Iowas largest private foundation.
In addition to gifts to the College of Medicine, the trust has supported University of Iowa Hospitals and Clinics; the Colleges of Dentistry, Engineering, Education, Law, and Liberal Arts and Sciences; the UI Libraries; Hancher Auditorium; UI athletics; student aid; and other UI programs.
For more information about this gift, visit this web site: www.uihealthcare.com/news.
by Steve Maravetz