Center establishes endowment fund

Thanks to gifts from supporters around the country, the Leopold Center was able to formally designate $50,000 in contributed funds to launch the “Friends of the Leopold Center Endowment” account in March 2005. The endowment account grew out of fundraising efforts the Center embarked upon in 2002 following a $1 million transfer of funds from the Center’s Agricultural Management Account to the state of Iowa’s general fund due to the state’s budgetary problems.

Donors were assured that if the Legislature restored funding to the Center (which it did in subsequent years), a portion of the gifts would be invested to provide a permanent source of support for the Center.

“This is a seed that has been planted which will eventually grow to secure the Center’s future,” said Center director Fred Kirschenmann. “Each year we will put at least 50 percent of the gifts we receive from friends into the endowment.”

The endowment agreement between the Center and the ISU Foundation is intended to provide general support for the Center as it strives to meet its legislative mandate regarding sustainable agriculture in Iowa. The ISU Foundation will administer the account, and the Center director will be responsible for determining and applying funds to be distributed by the endowment. The Center plans to use the funds for support of specific projects within the research initiatives and for special projects that fall outside the general boundaries of the current research focus.

Richard Bundy, the ISU Foundation executive officer for the College of Agriculture, comments on the endowment, “Private support for the Friends of the Leopold Center Endowment will enhance the Center’s ability to contribute to the development of profitable farming systems that conserve Iowa’s natural resources.”

The Center received private gifts to begin the endowment from a number of individuals and groups. Donors of $1,000 or more were designated as “Friends of the Leopold Center.”

Among those who made gifts at this level were James and Millicent Cozzie, Susan Futrell, David and Barbara Hurd, John and Mary Miller, Ann Lennartz, the Lumpkin Family Foundation, Joe Lynch and Lonna Nachtigal, National Catholic Rural Life Conference, Jan and Cornelia Flora, Gary and Sue Osweiler, Margaret Pennings, Richard and Elizabeth Schnieders, the Sioux City Catholic Diocesan Peace and Justice Action Network Director, Robert Ware, Stephen and June Weis, and David and Corrine Williams.

Several other contributors in this donor group opted to remain confidential.

If you want to contribute, the ISU Foundation accepts and manages all gifts made to support programs in the College of Agriculture, including the Leopold Center. For more information, contact Rich Bundy, (515) 294-9088, rbundy@iastate.edu, or go to the ISU Foundation web site: www.foundation.iastate.edu/.
 


Back to Summer 2005 Leopold Letter


Published by the Leopold Center for Sustainable Agriculture
Ames, Iowa 50011, (515) 294-3711
URL: www.leopold.iastate.edu