Two long time supporters of the University of Iowa have donated $10 million to the school to help advance research into pediatric medicine and patient care. The university announced the gift on Wednesday and said the donation from Jerre and Mary Joy Stead, members of the school in the 1960′s, will help greatly to improve the level of faculty and faculty awards at the school and the Children’s Hospital.
The $10 million donation is, to date, the largest pledge made to the university for pediatric medicine, assistant vice President of the UI Foundation Sheila Baldwin explained.
Baldwin went on to say “This gift is really about people and programs. This is an absolute vote of confidence in the faculty and staff who every day provide care to young people and their families.”
Interim physician-in-chief of UI Children’s Hospital, Thomas Scholz said “It’s a tremendously generous gift that I think reflects a lot of confidence in the Steads for the pediatric services the department and the hospital will be capable of providing.”
Both Mary and Jerre Stead have long been involved in the UI Foundation and this is the second donation the school have received from the pair.
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