John Pappajohn

Pappajohn Gives $4 Mil & Name To Business Building

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U of I Dedicates Pappajohn Building

Construction is ahead of schedule on the new College of Business Administration Building, but work has already been completed on at least one of its major components—its name.

On April 9,1992, Des Moines venture capitalist, UI graduate, and long-time University supporter John Pappajohn (1952 B.S.C.) announced a record-setting $4 million contribution to the campaign for the College of Business Administration Building, part of the University of Iowa Foundation's IE2000 campaign. In honor of his exemplary generosity, the newest building on the UI campus will be known as the John Pappajohn Business Administration Building.

The gift is only the latest of several major contributions from Pappajohn to the UI. In 1989 Pappajohn and his wife, Mary Pappajohn, gave $3 million to the University of Iowa Hospitals and Clinics (UIHC) leading to construction of the John Pappajohn Pavilion. At the end of 1991, the Pappajohns contributed another $1 million to begin funding the endowment for the John and Mary Pappajohn Clinical Cancer Center at UIHC.

In announcing Pappajohn's gift for the business building, UI President Hunter Rawlings called it "a tremendous boost for our College of Business Administration and for the entire University.

"I am particularly pleased," Rawlings said, "that John has chosen to support a project that will play such an important role in the lives of our undergraduates, both in business and in our College of Liberal Arts, which will share use of the new building's classrooms. The Pappajohn Business Administration Building will be one of the largest and most advanced academic facilities on campus, and will enrich the lives of Iowa students for many generations."

Pappajohn said he considered his contribution an investment in the future. "The UI is distinguished in so many fields," he said, "and this outstanding building will once again put Iowa on the national map—this time in management education. A nationally-ranked business school will attract the best students to Iowa and, I believe, encourage business and industry to help keep them here after graduation."

UI Foundation President Darrell Wyrick said Pappajohn's contribution had "reconfirmed his status as one of a select group of individuals who will leave an indelible mark on this University through private support."

In 1991 the Iowa State Legislature voted to provide $24 million in state revenue bonds for the $34 million building project. According to Wyrick, the capital campaign has been especially successful within the corporate community. The campaign is now approaching the $11 million mark in gifts and pledges received. In addition to construction funding, the campaign is seeking gifts for equipment, technology, and furnishings, start-up funds for new programs, and endowments for operations and educational purposes.

Wyrick said a fund-raising campaign to reach all of the college's alumni and many additional corporate prospects is now under way and will be completed by the end of 1993. "We are very gratified by the success of this campaign to date," he said. "But we have a lot of work to do in the years ahead to make sure that the college’s ongoing programs and facilities are as state-of-the-art as the surroundings the new building provides."

Construction on the 170,800 square-foot, four-story business building began in April 1991, and occupancy is slated for mid-1993. The building is located just north of the UI’s historic Pentacrest on the central campus, and has been designed to complement the Pentacrest's neoclassic architecture.

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