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Gift to support facilities, scholarships and faculty recruitment in agriculture and business programs.
May 2, 2018
The Land O’Lakes Foundation has made a $5 million commitment to Iowa State University that will go toward improving the quality of an Iowa State education, attracting and retaining top faculty and research talent in supply chain management and inspiring innovation in key areas on the Iowa State campus, according to an announcement from the university.
A significant portion of the Land O’Lakes gift will support construction of the Student Innovation Center, an approximately 140,000 sq. ft., state-of-the-art building that will serve as the hub on campus for hands-on projects where students can collaborate across a wide range of disciplines.
Part of Land O’Lakes’ commitment also will go to support scholarships in the College of Agriculture & Life Sciences as well as provide flexible funding to facilitate future interactions with students. Last, the gift will establish a named endowed professorship in the Ivy College of Business for a faculty member who will further elevate Iowa State’s supply chain management program.
“Both Iowa State University and Land O’Lakes are committed to improving people’s well-being by protecting and enhancing our environment; ensuring long-term productivity of food, feed, fiber and fuel, and providing strong economic opportunities now and far into the future,” Iowa State University president Wendy Wintersteen said. “We are delighted to have Land O’Lakes as a partner in preparing the leaders who will take a holistic approach to addressing local and global challenges.”
Land O'Lakes Inc. president and chief executive officer Chris Policinski added that Land O'Lakes is excited "to increase the investment in our partnership with Iowa State. It is particularly rewarding to support a facility that will provide students with real-world experience in the areas of entrepreneurship and teamwork.”
The relationship between Land O’Lakes and Iowa State began almost 40 years ago. Since then, Land O’Lakes Inc. and the Land O’Lakes Foundation have continued to support Iowa State, primarily people and programs in the College of Agriculture & Life Sciences and the Ivy College of Business. Most recently, Land O’Lakes funded undergraduate scholarships for women and minorities in agriculture and business as well as a fellowship to support women and minority graduate students in agriculture and the life sciences.
Founded in 1921 and based in Arden Hills, Minn., Land O’Lakes is a member-owned cooperative with industry-leading operations that span the spectrum from agriculture to consumer foods. Land O’Lakes is one of the nation’s largest cooperatives, ranking 209 on the Fortune 500. Its charitable foundation, the Land O’Lakes Foundation, proactively helps rural communities by donating resources that develop and strengthen organizations dedicated to hunger relief, education and community.
The Iowa State University Foundation is a private, nonprofit organization committed to securing and managing gifts that benefit Iowa State University.
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