Maquoketa natives give $10M to University of Iowa

IOWA CITY, Iowa (AP) — Two Maquoketa natives have given their second $10 million gift in three years to the University of Iowa.

The Dubuque Telegraph Herald reports (http://bit.ly/1gM5HMK ) Jerre and Mary Joy Stead, of Scottsdale, Ariz., will advance children’s medicine at the university.

The donation includes $8 million to endow one faculty chair each in the areas of pulmonology, nephrology, neurology and general pediatrics.

The Steads chair a fundraising campaign aimed at attracting $500 million in private donations. The university says their gift pushes the campaign’s total to $505 million. The Steads’ previous $10 million gift in 2011 also was to the children’s hospital.

The pediatrics department will be named the University of Iowa Stead Family Department of Pediatrics.

The Steads donated $25 million to the university’s Tippie College of Business in 2003.

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Information from: Telegraph Herald, http://www.thonline.com

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