Pappajohn hands out $10,000 on University of Iowa campus
Venture capitalist John Pappajohn, who has donated more than $50 million to the University of Iowa, last week gave away nearly $10,000 to UI students in hopes of inspiring them to follow in his philanthropic footsteps, the Cedar Rapids Gazette reported. After speaking to a crowd of more than 1,000 during a homecoming week event focused on philanthropy, Pappajohn, 87, handed out envelopes containing $10 each. The envelopes allow students to pick where they want the money to go and challenged them to keep giving annually at a pace of $10 a year for five years.
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