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2012-05-08 13:56:11 - General
Eastern Iowa native and successful business leader Henry B. Tippie (left) is recognized by Coe President James Phifer (at podium) for the creation of the Henry B. Tippie Professorship in Business and Economics during the college's commencement on Sunday, May 6.
Eastern Iowa native and successful business leader Henry Tippie has given $1 million to establish an endowed chair at Coe College. The Henry B. Tippie Professorship in Business and Economics was announced by Coe President James Phifer during the college’s commencement ceremony on Sunday, May 6, at which Mr. Tippie was honored. He was accompanied by his wife, Patricia, at the ceremony.
Tippie has had a distinguished career as one of the nation’s foremost business leaders. Growing up on a farm in rural Iowa, he graduated from Belle Plaine High School in 1944. He enlisted in the Army Air Force at the age of 17 and studied briefly at Coe College in preparation for service as an air cadet. He and his fellow Air Corps volunteers lived in the lower level of Eby Fieldhouse while studying at the college from June 1944 through early 1945.
Tippie went on to earn an accounting degree from the University of Iowa, and after beginning his business career as an accountant, went on to lead various enterprises, each with distinction. He is involved in an array of businesses, including pest control, state-of-the-art NASCAR auto racing facilities, and a 34,000 acre ranch in central Texas. He is the director of five New York Stock Exchange companies which he helped to create.
A man of rock-solid integrity, Tippie has made a life of being innovative in business and unfailingly generous in the advancement of education. He has been a longtime supportive of the college of business at the University of Iowa – renamed The Henry B. Tippie College of Business in his honor.
Since 1967, Tippie has funded hundreds of scholarships for Belle Plaine High School graduates. Among other projects in his hometown, he has provided generous financial support for construction of the Belle Plaine Community Library, the Belle Plaine Area Museum, the Tippie-Mansfield Kirkwood Center, and the Mansfield/Tippie Airport-Industrial Park. Later this summer, a new annex to the Belle Plaine Area Museum, built with Tippie’s support to house his lifetime collection of memorabilia, will be opened.
Among many honors and awards, he was the recipient of the nationally prestigious Horatio Alger Award in 1996, and he was named to the Junior Achievement Eastern Iowa Hall of Fame in 2004.
“Just as he has been generous in support of education elsewhere, Mr. Tippie has now stepped forward with an important gift to Coe College, one that will touch the lives of students for generations to come,” said Phifer.
The first recipient of the Henry B. Tippie Professorship is Rick Eichhorn. Eichhorn holds a Ph.D. in economics from Colorado State University, and he has taught in the Stead Department of Business Administration and Economics since 2000. His work focuses on macroeconomics, teaching theoretical as well as applied courses in general macroeconomics, economic growth and quantitative methods. Eichhorn is especially active in supervising undergraduate economic research and often takes students to national conferences to present their research. His own research has been published in “Applied Economics” and the “Journal of Macroeconomics.” As well, Eichhorn is the Director of the First-Year Experience Program at Coe.
The Henry B. Tippie Professorship in Business and Economics is the 27th endowed chair at Coe. Through the sponsorship of the work of the college’s most able faculty, an endowed chair touches the lives of countless scores of students across many years.