has announced a $50 million gift from alumnus Jerry Ivy ('53) and his wife, Debbie, in support of its College of Business.
The largest gift ever to the college will establish an endowment that provides approximately $2 million annually for short- and long-term priorities, including funding for an entrepreneurship initiative, a supply-chain management program, a new business analytics program, scholarships, faculty initiatives, and programs. In recognition of the gift, the college will be renamed the Debbie and Jerry Ivy College of Business. Established in 1984, the college offers nine undergraduate majors, six master's programs, and a doctoral program with five areas of specialization.
The couple previously made a gift to establish the Debbie and Jerry Ivy Chair in Business, currently held by Patricia Daugherty, professor of supply-chain management. Jerry Ivy, who earned his bachelor's degree in industrial administration from Iowa State, is president and CEO of Auto-Chlor System, where Debbie is an executive.
"Debbie and I value a strong education and feel that Iowa State University and the College of Business provide an exceptional experience for its students," said Jerry Ivy. "We hope this gift will play a role in preparing our next generation of business leaders, and we want to help support students and faculty who will make a difference today, and far into the future."