Iowa State University College of Business Receives $3 Million Gift

Iowa State University College of Business Receives $3 Million Gift

Iowa State University has announced a $3 million gift from alumni David and Deb Kingland in support of its Ivy College of Business.

The gift from the couple and Kingland Systems, the data management and regulatory compliance software company they founded, will help fund a $28 million addition to the Gerdin Business Building, which is under construction. When the three-story facility is completed in the fall of 2020, it will add forty-five thousand square feet of space to the existing business school building.

Both David and Deb Kingland graduated from the university in 1980. David Kingland has served on the Ivy College of Business Dean's Advisory Council since 2009, and the couple chairs the college's campaign cabinet within the Iowa State fundraising campaign. In 2017, Kingland Systems made a gift of $1.5 million in support of scholarships in data analytics and entrepreneurship and named faculty chairs in the college of business, the College of Liberal Arts and Sciences, and the College of Engineering.

"Iowa State is a wonderful institution — the people, the faculty. and the staff — and we want to support their work in helping prepare the next generation of students for the promising opportunities here in Iowa and elsewhere," said David Kingland, founder of Kingland Capital and Kingland Systems, who currently serves as the latter's chief innovation officer and board chair. "Many of our management and technical employees in our Clear Lake and Ames offices are Iowa State graduates. Not only do we want to show our gratitude, but we also want our employees to share in the pleasure of giving back to Iowa State."