A 2024 grant from State Farm will provide scholarships, experiential learning and professional networking opportunities for students majoring in risk management and insurance in the University of Iowa Tippie College of Business.

“We’re grateful for this tangible show of support from State Farm for our risk management and insurance programs,” said Jim Lewis, faculty director of the Vaughan Institute of Risk Management and Insurance in Tippie. “Many of our students will now have additional opportunities to learn and connect with professionals thanks to this gift.”

Lewis said the $50,000 grant will be used to provide scholarships to 30 students, as well as cover expenses for students to attend professional conferences and compete in prestigious RMI student case competitions. 

“State Farm is excited to support the Risk Management and Insurance program at the Vaughn Institute,” said Dan Krause (BBA88), senior vice president of agency at State Farm and University of Iowa alumnus. “Our grant will help equip students with the tools and resources needed for future opportunities in the insurance field and help them realize their dreams.” 

He said State Farm associates will also be available to provide mentorships and career guidance to Tippie’s RMI students.

Fewer than 60 universities in the nation have insurance and risk management programs such as Tippie’s. Named in memory of trailblazing insurance educator Emmett J. Vaughan, the institute offers certificate degrees for undergraduate and MBA students, along with its new undergraduate major. The Vaughan Institute also provides student scholarships, recruiting and networking initiatives, mentoring, and professional-development opportunities. 

Media contact: Tom Snee, 319-384-0010 (o); 319-541-8434 (c): tom-snee@uiowa.edu