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Let’s Keep Iowa Students in Iowa

ICF was fortunate to have The Harold R. Bechtel Testamentary Charitable Trust, FBL Financial Group, Grain Processing Corporation and The Fred Maytag Family Foundation as sponsors of this $100,000 challenge program in 2002-2003.

We are pleased to announce that these same sponsors have agreed to continue their commitment in 2003-2004, and they challenge the Iowa business community to join them in assisting students with valuable scholarship support.

The Let’s Keep Iowa Students in Iowa Challenge Program was started in 1989 to reflect the sponsors’ deep commitment to private higher education and also for the future of Iowa. Each sponsor of the program has been extremely willing to invest in the future of the students of Iowa. A student who stays in Iowa after graduation to live and work is an investment that pays for itself many times over. Since nearly 70% of our Iowa graduates over the past 12 years – and almost 20% of our out-of-state grads – have remained in Iowa, this investment continues to pay dividends for the state.

Thanks to the generosity of businesses and individuals across Iowa, the Let’s Keep Iowa Students in Iowa Challenge Program again exceeded the $100,000 challenge fund last year. As a result, ICF awarded almost 200 Iowa Challenge Scholarships averaging $1,000 each to Iowa students at its member colleges and universities. ICF wishes to congratulate these students.

Here’s how the program works:

All new, increased or reinstated gifts of $250 and above will be matched by the sponsors of the program. Thus, a gift of $250 effectively becomes $500; or $1,000 becomes $2,000.

Once the $100,000 challenge fund is fully matched, all dollars will be awarded to Iowa students attending ICF’s member colleges. During the 14 years of the program’s existence, more than $2.8 million has been awarded as Iowa Challenge Scholarships to approximately 2,800 students at our colleges and universities.

ICF offers its heartfelt thanks to The Harold R. Bechtel Testamentary Charitable Trust, FBL Financial Group, Grain Processing Corporation and The Fred Maytag Family Foundation for making this program a reality again this year.

Additional Scholarship Programs

In addition to the Iowa Challenge Scholarship Program, ICF also administers scholarship programs for businesses, foundations and individual donors. Many thanks to all of the supporters of these important programs!

MAJOR SCHOLARSHIP PROGRAMS
(Investment of $25,000+)

CARVER SCHOLARS
Funded by the Roy J. Carver Charitable Trust, the first Carver scholars were selected in 1989. During the program’s 14 years, several hundred deserving students were given the opportunity to pursue their education in spite of unusual circumstances in their lives that could prevent them from attaining a college degree. ICF is grateful to the Carver Trust for its long-term commitment to this scholarship program and allowing ICF to administer this program for its member colleges and universities. ICF is proud to select 27 students to receive renewal awards in 2003-2004.

GEORGE WASHINGTON CARVER/HENRY A. WALLACE SCHOLARSHIPS
Because of its long and generous commitment to private higher education in Iowa and its commitment to creating educational opportunities for minority students at ICF schools, Pioneer Hi-Bred International created this new scholarship in 2003-2004. One award recipient selected from each ICF member college and university will receive a $2,000 scholarship. This scholarship fund was created in honor of the extraordinary contributions made to the state of Iowa and to Pioneer Hi-Bred by George Washington Carver and Henry A. Wallace.

THE H. DALE AND MRS. LOIS BRIGHT SCHOLARSHIP PROGRAM
This program is an excellent example of how ICF can work with donors to achieve specific objectives with their gifts. The late H. Dale and Mrs. Lois Bright were raised and lived in southern Iowa and want to encourage and help young people from that area to get a college education. The Bright Scholarship Program awards $2,500 scholarships each year to students from six southern Iowa counties who attend ICF’s member colleges.

HORMEL FOODS SCHOLARSHIP PROGRAM
With the generous support of Hormel Foods, ICF awards $2,000 scholarships to children of Hormel employees who plan to attend one of ICF’s member colleges. This program is a prime example of ICF’s working with a business that has a specific interest, helping their employees’ children attend college, and assisting ICF’s member colleges and students at the same time.

IOWA GROCERY INDUSTRY ASSOCIATION SCHOLARSHIP PROGRAM
ICF administers this special program in cooperation with the Iowa Grocers Education Foundation. This scholarship program was established to recognize and aid deserving students who are related to the food industry by virtue of their parents’ employment or their own part-time employment by member firms of the Association.

THE MINORITY SCHOLARSHIP PROGRAM
Funded by a consortium of businesses and foundations, ICF has awarded scholarships to incoming minority students at its member colleges over the past eight years. Since 1994, this program has had an impact of more than $3 million, with a high%age of scholarship recipients either graduating or continuing their studies. Supporters of the program this year include Bankers Trust of Des Moines; Fred Maytag Family Foundation; Hy-Vee, Inc.; ING; Maytag Corporation; MidAmerican Energy Company; Principal Financial Group Foundation and Rockwell Collins.

PELLA ROLSCREEN SCHOLARSHIP PROGRAM
Thanks to the generosity from Pella Rolscreen Foundation, the Peter H. and Lucille Gaass Kuyper Foundation, and Joan Farver and Charles Farver, ICF will award a $1,000 scholarship to a student on each of the ICF’s member institution campuses in 2003-2004. This is the inaugural year of this scholarship program, and ICF is deeply grateful to Pella, the Kuyper Foundation, and Joan and Charles Farver for their commitment to the students at ICF member schools.

UPS SCHOLARSHIP PROGRAM
Each year ICF receives support through a special endowment funded by the UPS Foundation, and administered by the Foundation for Independent Higher Education (FIHE), of which ICF is a member. Each year, the UPS Endowment distributes more than $2.4 million to the 667 member colleges in 36 private college foundations like ICF. The UPS Endowment’s $87,500 gift in 2002-2003 was awarded as UPS Scholarships to students at each of ICF’s 25 member colleges and universities.

TARGETED SCHOLARSHIP PROGRAMS
(Investment of $1,000-$24,999)

ADVANCED DRAINAGE SCHOLARSHIP PROGRAM
With the support of Advanced Drainage, with sites in Eagle Grove and Iowa City (and headquartered in Columbus, Ohio), ICF awarded five scholarships to students at the University of Dubuque last year. This is the fourth year of this special program and ICF looks forward to an ongoing relationship with Advanced Drainage in the future.

AEGON SCHOLARSHIP PROGRAM
Because of its strong interest in the business community and in higher education, AEGON/Life Investors of Cedar Rapids provides $1,000 scholarships for students majoring in business at selected ICF colleges and universities. The AEGON Program has been in effect for 10 years.

CASE SCHOLARSHIP PROGRAM
The Case Company in Burlington, in cooperation with ICF, provides $1,000 scholarships to children of Case employees or retirees who plan to attend college.

COMMERCIAL FEDERAL BANK SCHOLARSHIP PROGRAM
Thanks to this Omaha-based bank’s generous support, ICF last year awarded Commercial Federal Bank Scholarships to one student at each of the 25 member colleges and universities. This marked the fourth year of this special program, and ICF looks forward to continuing in the future.

CRANE FUND FOR WIDOWS AND CHILDREN
The trustees of this trust wish to provide education for needy and deserving widows and their children because of circumstances due to death, age, disability or neglect of the men in their families.

CRYOVAC/SEALED AIR CORPORATION SCHOLARSHIP PROGRAM
Junior or seniors at selected colleges are eligible for these scholarships in the amount of $1,000 each for dependent children of employees and spouses of Cryovac. Designated majors include finance, accounting, engineering, education, graphic arts and sciences.

DENSO INTERNATIONAL AMERICA SCHOLARSHIPS
This scholarship program awards four $2,000 grants to juniors or seniors at selected institutions who have demonstrated leadership qualities through involvement in at least one student academic-professional organization. The students must be majoring in business or engineering.

EMC SCHOLARSHIP PROGRAM
Employers Mutual Companies (EMC) began this program five years ago that awards scholarships to students at selected ICF member institutions. EMC also plans to offer internship opportunities to scholarship recipients.

FARMLAND INSURANCE SCHOLARSHIP PROGRAM
Farmland Insurance Company in Des Moines provides two scholarships of $500 each year through ICF to a student attending Dordt College and majoring in agriculture.

GRINNELL MUTUAL SCHOLARSHIP PROGRAM
The Grinnell Mutual Insurance Company of Grinnell in 1995 created the Grinnell Mutual Scholarship Program, which enables ICF to award $1,000 scholarships to six children of the company or affiliated mutual companies’ employees who attend one of ICF’s member colleges and universities.

GREG MORFORD SCHOLARSHIP
Screenscape Studios established a scholarship for a junior student at Drake University in memory of Greg Morford, who was killed in an airplane crash several years ago. The scholar will major in music, journalism or mass communications and be a resident of Polk County.

ROSE LEE AND MARVIN POMERANTZ TEACHER EDUCATION SCHOLARSHIP
Mr. and Mrs. Pomerantz created this unique program to assist a senior student at Drake University who plans to teach in Iowa and wishes to pursue an advanced degree to enhance his/her teaching skills. The Pomerantz’s goal is to improve teacher quality through this program.

PRINCIPAL FINANCIAL GROUP’S INFORMATION TECHNOLOGY SCHOLARSHIPS
The Principal Financial Group Foundation provides two $5,000 Information Technology Scholarships to students at selected ICF colleges and universities. Recipients may also have internship opportunities that could lead to further opportunities with Principal.

STAMATS COMMUNICATIONS SCHOLARSHIP PROGRAM
Stamats Communications in Cedar Rapids started this program last year to provide scholarships to employees or their children at selected ICF member colleges. Internship opportunities are offered by Stamats to scholarship recipients.

U.S. BANK SCHOLARSHIP PROGRAM
Through the generous support of U.S. Bank, ICF awards scholarships to students at selected member colleges and universities. These scholarships are awarded to low-to-moderate income students majoring in business, accounting, finance or mathematics.

ENDOWED SCHOLARSHIP PROGRAMS
(Investment of $50,000+)

GLEESON FAMILY SCHOLARSHIP FUND
The John Gleeson family generously endowed this program for the benefit of selected students from Sioux, Plymouth and Woodbury counties. Through a gift of $100,000 over two years, the Gleeson family will provide scholarship awards to juniors and seniors attending any ICF member college or university majoring in accounting, business management or economics. ICF wishes to thank the John Gleeson family for their commitment to future generations of private college students from the Greater Sioux City area.

JAMES M. AND BETTY J. CAMP ENDOWMENT SCHOLARSHIP PROGRAM
Mr. and Mrs. Camp selected the Iowa College Foundation as a vehicle for awarding financial aid to students in its member institutions. Income from the endowment is dispersed to the 25 member institutions to be given to students who are from Iowa and have high financial need.

KERFOOT/MASON SCHOLARSHIP PROGRAM
Des Moines’ Harrington K. Mason permanently endowed this program in honor of his great-grandfathers, Roswell B. Mason and William D. Kerfoot; his grandfather, Henry Mason; and his father, Arnold Mason. With this fund, ICF awards one four-year scholarship of $4,000 each year to an incoming freshman who best reflects the Kerfoot/Mason pioneering spirit and service to the community.

VERA MAYER SCHOLARSHIP PROGRAM
A generous gift from the estate of Mrs. Vera Mayer in 1983 established an endowed scholarship fund that provides scholarship assistance to all of ICF’s member colleges and universities on an annual basis. Mrs. Mayer, having no children of her own, wanted to assist worthy young people in achieving their dream of attending college.

CHARLES STEPHENSON SMITH SCHOLARSHIP PROGRAM
Endowed by a gift from the Charles Stephenson Smith Trust in 1995, this program enables ICF to annually award $1,000 scholarships to students at each of its member colleges. Mr. Smith, a native Iowan who had an outstanding career in journalism across the world, has left an everlasting legacy on independent higher education in Iowa through this generous endowment gift.

WESTMAR ENDOWMENT SCHOLARSHIP PROGRAM
Thanks to the generosity of the Westmar College Endowment Board of Trustees, the Westmar Scholarship Program was permanently endowed, and the Westmar Friends and Alumni Association and the Westmar Student Association have added funds to the endowment. Scholarships will be awarded annually to those students who are currently residents of LeMars and/or alumni, former staff and former faculty of Westmar as well as their children and grandchildren, regardless of location. Then consideration will be given to residents of Plymouth County and other applicants from northwest Iowa. This program will sustain a sense of Westmar’s ongoing presence in the educational life of the state of Iowa. Click here to apply for this scholarship online.