ISU: No quick refunds for Harkin Institute donors

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February 7th, 2013 by Ric Hanson

IOWA CITY, Iowa (AP) — Donors who pledged $3.3 million to support an Iowa State University institute honoring Sen. Tom Harkin shouldn’t expect quick refunds now that he’s abandoned plans to house his papers there. ISU Foundation spokeswoman Karen Simon said Wednesday the group will keep those donations until the Board of Regents decides the Harkin Institute of Public Policy’s future. The institute appears likely to close or be overhauled after Harkin’s decision Tuesday backing out of plans to donate papers covering his 40 years in Washington to ISU.

If it becomes necessary, Simon says the foundation will review all institute pledges and gifts accepted and “then examine and exercise what remedies may be appropriate.” Institute fundraiser and former Lt. Gov. Sally Pederson says she can’t imagine the foundation will try to keep the donations.