The Complete Student-Athlete Experience: Scholarships
Our goal is to fund the complete student-athlete experience. Contributors to the I-Club fund scholarships, team travel, medical and athletic training, equipment and uniforms, academic services, nutrition, and strength and conditioning. Your gifts enable us to provide the best possible experience for our student-athletes.
During the 2015-16 athletics year, we will highlight the seven areas that make up I-Club members' investment in the complete Hawkeye student-athlete experience.
Part Two: Scholarship Support - An average of $15,297 is spent per year, per student-athlete on scholarships.
Most of the UI’s student-athlete scholarship bill is covered by generous contributions made to the I-Club. Those funds are both given and spent on an annual basis. Another very important source of funding for scholarship support comes from our Hawkeye Visions program.
Hawkeye Visions is an endowed scholarship program. Earnings from the endowments are used to fund scholarship support. The goal of the program is to build an endowment capable of covering the cost, via earnings, of all UI student-athlete scholarships.
Our athletic scholarship endowment currently has approximately $50 million in assets, earning approximately $2,250,000 per year in scholarship support. The total scholarship cost for all Hawkeye student-athletes last year was over $10 million. Our goal is to grow our scholarship endowment to cover all scholarship costs, so that I-Club donations can be used to fund other areas in support of Our Hawkeyes. Since its inception 19 years ago, over 200 endowed athletic scholarships have been established through the Hawkeye Visions program.
A significant impact was made on the Hawkeye Visions Program by longtime loyal Hawkeyes Ann and the late Russ Gerdin, both honorary University of Iowa letterman. The Gerdins started Heartland Express, one of the top truckload carriers in the United States, headquartered in nearby North Liberty, IA. Their generous gift established ten named athletic scholarships, awarded annually to student-athletes in both men’s and women’s sports.
The Gerdin family has the opportunity to meet and learn more about their scholarship recipients each year at the Named Scholarship Celebration, a dinner and program held for all endowed scholarship donors, and their student-athlete recipients.
Brandon Sorensen, a sophomore wrestler, is the 2015 recipient of the Russ and Ann Gerdin Family Wrestling Scholarship. Sorensen is in his third year studying Sport and Recreation Management.
“It is an honor to represent the Gerdin Family as a recipient of their wrestling scholarship,” said Sorensen. “This scholarship has helped me pursue my dreams both on and off the mat and I am grateful for the opportunities a scholarship at the University of Iowa has given me.”