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Maquoketa Natives Give $10 Million To University Of Iowa

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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 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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