IOWA CITY, Iowa, Dec. 2, 2015 /PRNewswire-USNewswire/ -- In honor of Jerre and Mary Joy Stead, and their extraordinary commitment to children's medicine at the University of Iowa, the University of Iowa requested that the Board of Regents, State of Iowa approve the university's request to rename UI Children's Hospital the "Stead Family University of Iowa Children's Hospital." The Board of Regents unanimously approved the naming in its meeting today. The new name will take effect in November 2016 with the dedication of the new UI Children's Hospital building.
The Steads, natives of Maquoketa, Iowa, and residents of Scottsdale, Arizona, have committed $25 million to children's medicine at the UI. The Steads' support will help complete the new UI Children's Hospital facility and spur new advancements in children's medicine at Iowa by supporting faculty, staff and researchers who are making new discoveries, improving education and patient treatments and increasing understanding and awareness of pediatric diseases.
Jerre and Mary Joy Stead began giving to the University of Iowa more than 30 years ago, and their cumulative support totals $53.9 million. In 2013, the UI named the Stead Family Department of Pediatrics in honor of the couple's generous gifts to children's medicine. The Steads have supported other areas of the university as well. In 2003, the Steads committed $25 million to the UI Henry B. Tippie College of Business—of which Jerre is a 1965 graduate—to support a variety of initiatives, including the Stead Technology Services Group, a full-service computer lab and technology consulting group.
The Steads serve as campaign co-chairs for UI Health Care in For Iowa. Forever More: The Campaign for the University of Iowa—the UI's $1.7 billion comprehensive fundraising campaign. Mary Joy Stead attended the UI and has served on the University of Iowa Foundation's board of directors since 1999. As part of her service on the UI Foundation board, Mary Joy Stead also is active on its development committee. Jerre Stead has served on the boards of many corporations and nonprofit organizations, including on the UI Henry B. Tippie College of Business Board of Visitors, and he has lectured in the UI Executive MBA Program for many years. He currently chairs the Alzheimer's Research Institute in Scottsdale, Ariz., and the Garrett-Evangelical Seminary at Northwestern University. In 2013, he was appointed by Colorado Governor John Hickenlooper to oversee the state's flood recovery efforts.
Jerre Stead has had a long career leading high-tech and information companies. He currently serves as chairman and CEO of IHS Inc., the leading provider of critical information, insight, and analytics worldwide.
CONTACT: Dana Larson, University of Iowa Foundation; email@example.com, 319-467-3661
SOURCE University of Iowa Foundation