Donors give $5M for UI finance students, athletes

News, Sports

December 15th, 2011 by Ric Hanson

IOWA CITY, Iowa (AP) — The founder of a Nebraska hedge fund and his wife are donating $5 million to the University of Iowa to benefit finance students and Hawkeye football players.The university announced Wednesday that Curtis and Carol Lane of Omaha made the gift, which UI President Sally Mason called a “creative, forward-looking act of generosity.” She said the Lanes have been some of the UI’s biggest fans and most effective champions.About $1 million of the money will endow an existing fund named in their honor that supports business faculty members who provide practical learning opportunities for UI finance students. Another $2 million will endow a scholarship fund for undergraduate finance majors, with preference given to military veterans.The final $2 million will endow a scholarship fund for Hawkeye football players.