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In Memoriam: W.A. (Bill) Krause

It is with great sadness that we report the passing of Tippie Advisory Board member W.A. (Bill) Krause. While serving on the Tippie Advisory Board, Bill was instrumental in several major changes at the college: most notably, the establishment of the Krause Fund, the real-money investment fund managed by undergraduates, and just recently, the new Tippie View video wall (located near the south entrance of the building).

Since it was established in 1998, more than 1,200 Tippie students have participated in the Krause Fund through the Applied Equity Valuation course taught by Todd Houge. This challenging course blends academic rigor with real-world experience as students take on the management of an equity portfolio. Working in teams, students discover the valuation techniques and analytical tools employed by analysts and evaluate companies and provide detailed recommendations.

Krause received his B.A. from the University of Iowa in 1957. In 1959, he formed a small business partnership with his father-in-law, T.S. Gentle, and pioneered the convenience store concept where townspeople could purchase milk, bread, and eggs in addition to their gasoline and car wash.

Today, Krause Gentle owns more than 400 Kum & Go convenience stores in 11 states, and Kum & Go stores serve more than 400,000 customers every day. Kum & Go is the fifth largest, company-operated convenience store in the United States.

Krause served on the boards of Chieftain Corporation, Liberty Bank, and many philanthropic and community organizations. He was a member of national I-Club and the Presidents Club. He received the 2000 University of Iowa Alumni Association Distinguished Alumni Award, and in 2007 he received the Iowa Business Leadership Award from the Tippie College of Business.

Our condolences are with the Krause family in this time of loss. We are grateful that the Tippie College was the recipient of his guidance and support. Our college is better because of his involvement.

Condolences can be sent to the Krause Gentle Foundation, 6400 Westown Parkway, West Des Moines, IA 50266-7709.


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