Children’s hospital renamed to honor Steads’ $25 million gift

In honor of Jerre and Mary Joy Stead and their extraordinary commitment to children’s medicine, University of Iowa Children’s Hospital will be renamed University of Iowa Stead Family Children’s Hospital. The Board of Regents, State of Iowa, unanimously approved the naming at its December meeting. The new name will take effect in November 2016 with the dedication of the new facility.

The Steads, natives of Maquoketa, Iowa, and residents of Scottsdale, Arizona, have committed $25 million to children’s medicine at the UI. Their support will help complete the new UI Children’s Hospital facility and spur new advancements in children’s medicine at Iowa by supporting faculty, staff, and researchers who are making new discoveries, improving education and patient treatments, and increasing understanding and awareness of pediatric diseases.

Mary Joy and Jerre Stead

“Jerre and Mary Joy’s support throughout the years has benefited every aspect of the care our UI Children’s Hospital staff has provided, has bolstered our research and teaching, and is helping us to build our new state-of-theart facility,” says Jean Robillard, MD, UI vice president for medical affairs. “I can think of no more fitting way to recognize Jerre and Mary Joy’s transformative giving—which allows us to continue providing the exceptional high-quality care Iowans have come to expect—than with the naming of our children’s hospital.”

The Steads’ giving is an extension of the couple’s long-held belief in the power of UI Health Care, says Mary Joy Stead. “Having spent so much of our lives involved with the university, we’ve always understood the quality of UI Health Care, and we were fortunate to see that firsthand when our sons, Jay and Joel, were born at University of Iowa Hospitals and Clinics,” says Mary Joy Stead, who attended the UI and has served on the UI Foundation’s board of directors since 1999.

The Steads began giving to the UI more than 30 years ago, and their cumulative support totals $53.9 million. In 2013, the UI named the Stead Family Department of Pediatrics in honor of the couple’s generous gifts to children’s medicine. They have supported other areas of the university as well. In 2003, the Steads committed $25 million to the UI Henry B. Tippie College of Business—of which Jerre is a 1965 graduate—to support a variety of initiatives. Jerre Stead has had a long career leading high-tech and information companies. He currently serves as chairman and CEO of IHS Inc., the leading provider of critical information, insight, and analytics worldwide.

“We believe the people of UI Health Care set Iowa apart in children’s medicine. With the new UI Children’s Hospital building, the doctors, nurses, staff, and researchers at UI Health Care will be able to continue to deliver the highest level of teaching, care, and research. Our family is honored to be a part of this hospital and this university,” says Jerre Stead.

The Steads serve as campaign co-chairs for UI Health Care in For Iowa. Forever More: The Campaign for the University of Iowa— the UI’s $1.7 billion comprehensive fundraising campaign.

About the new UI Children’s Hospital

named exterior-2
Opens: December 2016
Cost: Approximately $360 million, funded through bonds, patient revenue, and private gifts
Location: South of, and connected to, the existing UI Hospitals and Clinics
Size: 507,000 square feet in new construction plus 56,250 square feet of renovated existing space
Number of floors: 14 floors (12 above ground, 2 below ground)