Tribute to Our Benefactors]

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321 Nineteenth Avenue South Christopher Mayr, ’81 BSB Tr ibute Minneapolis, Minnesota 55455 Chief Development Officer Phone: 612-624-4193 E-mail: [email protected] to Our Benefactors July 1, 2003 to June 30, 2004 Troy Lindloff Development Officer Phone: 612-626-7339 How to Make a Gift to the E-mail: [email protected] Carlson School of Management Tonia Stoffregen Development Officer Gifts are welcome at any time and may be in the form of cash, Phone: 612-626-7104 E-mail: pledges, securities, life income gifts, and testimonial bequests. [email protected] Please feel free to contact us for more information, or use the enclosed envelope to make a gift.

THE IMPORTANCE OF A WILL A will or living trust is a statement about what matters most in your Melissa Behles, ’00 BSB life. It ensures that your intentions are clearly understood and will Director of Annual Giving Phone: 612-625-1345 be followed by those administering your estate. E-mail: If the Carlson School of Management has been important in your [email protected] life, you can leave a legacy by making a gift to the school in your will. Your generosity provides future funding that enables the school to maintain its strength as a great business school. Your will should state your intention clearly enough so that the Roberta Collins U of M Foundation can ensure that your objectives are fulfilled. Benefactor Relations Officer The following is suggested language that you and your attorneys Phone: 612-624-5256 can use in your will. Email: [email protected] “I give, devise, and bequeath to the University of Minnesota Foundation, Minneapolis, Minnesota, [percentage of residue, sum, or description of property] for the benefit of the Carlson School of Management.” Steven Hatting Executive Director of To make a gift online, please visit: Corporate and Alumni Services Phone: 612-625-9538 https://www.foundation.umn.edu and click on “Give online today.” E-mail: [email protected] University of Minnesota Trustees Society Presidents Club Gift or pledge of at least $100,000 Major giving categories, based on Chancellors Society a benefactor’s lifetime giving. Morgan Kinross-Wright Gift or pledge of at least $50,000 Associate Director of Builders Society Corporate Services Founders Society Phone: 612-624-5149 Gift or pledge of at least $1 million E-mail: mkinross- Gift or pledge of at least $25,000 [email protected] Regents Society Heritage Society Gift or pledge of at least $500,000 YOUR GIFT IS IMPORTANT TO US All future gifts While we make every effort to ensure the accuracy of our benefactor records, we occasionally find errors. If we have omitted, For more information about Carlson School programs, please visit misplaced, or misspelled your name, please accept our apologies and contact Roberta www.CarlsonSchool.umn.edu Collins at 612-624-5256 so that we may correct our records. Gifts listed in this report were cash gifts and/or pledges made between July 1, 2003 and June 30, 2004.

© 2004 by the Regents of the University of Minnesota. All rights reserved. The University of Minnesota is an equal opportunity educator and employer. This publication is available in alternative formats upon request. Herb Hanson, ’49 BA, with undergraduate students 243723_cover 10/18/04 12:03 PM Page 2

[ TRIBUTE TO OUR BENEFACTORS]

SPECIAL GIFTS Given in memory of: Kristin Marx by Carlson School of Management Robert R. & Katharine A. To our treasured benefactors Kuritz Sources of Revenue and Expenditures 2003-2004 Elliott S. Dubinsky Kurt F Mueller Ann Collins Arlene Dockman and friends Debra C. Seemann Sources of revenue Dianne & Leighton Siegel ■ Tuition 35.9M Lin M. Aanonsen Elizabeth M. Jansen ■ State subsidy 8.2M Le Mire Frayda & Jesse Shapiro ■ Endowment 8.7 M Jennifer L. Ziskin earnings o each of our benefactors, I extend my warmest thanks. Marlis Ziskin Walker Mary B. Rafferty ■ Gifts and 1.5 M Every gift helps the Carlson School move closer to our Mavis C. Swedberg non-sponsored Evelyn M. Bill grants shared goals. Alan M. Ziskin ■ James F. Angrist Educational sales 7.0M Whether you have given to our ever-growing annual fund or Jodi E. Goldberg ■ Other income 2.8M Patrick J. Toohey (fees, transfers, etc.) supported our plan to expand the undergraduate program, we Pauline Ziskin John R. Duxbury thank you. Helen H. & Burt E. Swanson Ruth S. & C. Marvin Expenditures TWhether you have given of your time and wisdom or Mandery Arijit Mukherji ■ Faculty and 23.9M championed a corporate partnership that strengthens our Dawn M. Hukai teaching Wayne R. Sward professionals business connections and outreach, we thank you. Gayle G. Sward Ralph J. Voss ■ Administrative 7.4M Your support furthers the Carlson School’s mission to build Donald R. Voss professional Patricia E. Whalen an internationally recognized business school. We can leave no Arline B. Dimond ■ Civil service 7.7 M bargaining unit worthier legacy than educated leaders who will guide our SPECIAL GIFTS Given in honor of: ■ Student support 6.1 M economy in future decades. David A. Simon by Phillip D. Simon ■ General operations 12.1M Your gifts are crucial to the excellence of the Carlson School. Georgianna E. Herman (non-salary, J. Christian Wangaard, Jr. including contracts) Together, we have given more than $11,137,800 in 2003–2004. Paul L. Schumann Mary B. Rafferty ■ University 5.0M Arlene Dockman I know that you will enjoy reading this, the Tribute to Our assessments Ann Collins Benefactors. The stories of these philanthropists represent the Harold N. Rosen Arlene Dockman wide range of people who invest their time, talent, and personal Pauline Ziskin Arlene Dockman funds to support our vision for the Carlson School. Jodi E. Goldberg We thank each of you for sharing our conviction and for bringing us this far. Revenues and Expenditures The need for private support—particularly for scholarships—is evident in the Carlson School revenues and expenditures for the 2003-2004 fiscal year (July to June). The amount of state support continues to decline, and students are feeling the impact through rising tuition. Over the last five Lawrence M. Benveniste years, net state support for the college has declined from $9 million to $1.2 million (19 to two percent) of Dean the school's operating budget. At the same time, U.S. Bancorp Professor of Financial Markets and Institutions tuition has risen more than 64 percent. 1 shley Johnson A Carlson School of Management ] th her older siblings away at college, Ashley missed th her older siblings away at college, Wi about college. Ashley is excited her losses, Despite orsened. She collected her homework every day, and her homework everyorsened. She collected day, eeks of school to nurse her father as nurse her his illnesseeks of school to ven attended a few pre-calculus classes,ven attended but devoted rom National Merit Scholar to gymnastics, show her Scholar to Merit rom National GPA activities, which ranged extracurricular Her of 4.0. f enthusiasm and drive. w w e so, she was unprepared care. Even her father’s herself to for how suddenly he lost his battle, learning of the onlyseriousness of his condition days before his death. of your life,” she says, noting that the best four years “It’s it exceptionally will thankful for the gifts that make she’s possible. TRIBUTE TO OUR BENEFACTORS OUR TO TRIBUTE [ Ashley’s freshman year will be all but Ashley’s lege to be my life,” says Ashley be my life,” says lege to l uring my four years here, I want uring my four years here, co er high school records were outstanding. She ended were er high school records Thanks to the Carlson School the Carlson Thanks to While in high school, she had worried in School offers $650,000 The Carlson H vered by merit and need-based scholarships from the shley Johnson embraces college life, thanks to the Carlson School’s support. School’s to the Carlson thanks college life, embraces shley Johnson eraging $14,500 each. The generosity of corporate and The generosity of corporate eraging $14,500 each. D athleen, Ashley is poised to begin her begin Ashley is poised to athleen, arlson School, the University of Minnesota, her high arlson School, the University ancer also took her father’s life, leaving her father’s also took ancer chievement Award, established by Award, chievement reshman year. The award is a freshman reshman year. ohnson, Carlson School classohnson, Carlson of 2008. her senior year ranked seventh in her class and with a her senior year ranked J native eagerly describes Wisconsin The and study-abroad programs internships in “Some participate. which she hopes to college a part of their people just make dive in.” life, while others completely A Andrew MBA Cerece, ’91, and his wife K f scholarship based on merit, grades, service. and community accomplishments, her college ﬁnance about how she would had claimed her education. Cancer Ashley was 14 months old. mother when C my initial her parentless at age 16. “After for my future,” she fear to I began grief, on I pay for college would recalls. “How change can completely my own? It a scholarship.” get life to somebody’s scholarships each year. undergraduate freshmen of incoming and 10 percent Approximately 50 who apply students for of upper-division percent offers School also The Carlson them. scholarships receive $1.5 million in MBA scholarships and fellowships. Nearly MBA ﬁnancial aid, students receive half of all Full-Time av in the futures difference an untold givers can make private of young leaders. co C and other home state, in her school, benefactors philanthropies. “ Scholarship Recipient Scholarship A

FRONT COVER PHOTOGRAPH BY DOUG KNUTSON; PHOTOGRAPH OF JOHNSON BY ANTHONY BRETT SCHRECK 243723_guts 10/18/04 11:58 AM Page 1 Page AM 11:58 10/18/04 243723_guts 243723_guts 10/18/04 11:58 AM Page 2

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The Spirit of Philanthropy Benefactors bring new vigor to historic undergraduate expansion effort.

erb Hanson, ’49 BA, believes in sticking his neck because of space constraints. The number of applicants Hout. Last March, his $10 million lead gift to has actually doubled since 1999. “That fact really got my expand the Carlson School’s undergraduate program adrenaline going,” Herb recalls thinking when he first grabbed local news headlines and bouyed the school’s heard about the problem. expansion effort. “If you don’t stick your neck out, you Thanks to his support, the program now has a solid won’t get anywhere,” says Herb. Years ago, his wife gave start toward its goal of serving 50 percent more him a handsome set of red and gold turtle-shaped students by 2008. cufflinks. To this day, he notes that the turtles continually remind him of what’s possible if you do stick he University brings people together,” says your neck out. “THarriet Holden, a 1930 graduate of the College of Herb earned his degree at age 22, having served three Liberal Arts. She dedicated her gift to the undergraduate years in World War II. In 1973 he started Hanson expansion in memory of her late husband, Harold, ’31 Investment Management, which he grew into a BSB. They met while working on student publications, $3 billion enterprise before his 1993 retirement. He and got married in 1934. credits part of his success to business lessons he learned Harriet also was moved to learn that most as an economics and finance student. To show his Minnesotans unable to attend the Carlson School appreciation for his education, he endowed the Arthur undergraduate program leave the state for college. “You R. Upgren Chair in Investment Management in 1999. give because something tells you that you must,” she It’s possible that if he’d applied today, however, he says of her philanthropy. “Yet you hope that other would have had to go elsewhere for his education. He people will catch this flame, because that’s what makes doesn’t think that he was as good a student as those who this world go ‘round. You really do get back much, much now attend the undergraduate program. And in fact, the more than you ever give.” Carlson School serves less than 15 percent of the 3,000 who apply for the undergraduate program each year n 2001 John Spooner, ’37 BSB, endowed the John ISpooner Chair in Investment Management. And in 2004, he generously committed to support the new undergraduate expansion. “Dean Benveniste made it known that there is a need for an expanded program for undergraduate business students at the University,” John says. “And since I’m such a believer in Harriet Holden, center, with Holden Graphic Arts Scholars. education, I John Spooner, ’37 BSB, far left, and Larry donated this Benveniste, Carlson School Dean. money to help further the dean’s worthy objective.”

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The Wave of the Future Recent graduates give generously to invest in the Carlson School’s future.

y giving back as soon as they graduate, alumni are Bable to see their gifts at work. “Recent graduates have the most to be grateful for,” points out Ryan Norine, ’02 BSB. It was about a year ago that Ryan and fellow alum Nick Richardson,’01 BS, were talking about their time at the Carlson School. When Nick asked Ryan if he’d kept in touch with the school lately, Ryan had to laugh. Having spent the last few years in the London office of American Express, he hadn’t been able to volunteer. Still, Ryan was conscious of how much the school had given him. As a recent graduate, he felt that he owed his career to the education and opportunities of the Carlson School. Together, the pair developed a plan to endow an undergraduate scholarship—not just from them, but from the classes that had been at the Carlson School when they were undergraduates. They began the Bachelor of Science in Business, Class of 1999, 2000, 2001, and 2002 Scholarship. Ryan is proud of the drive’s success so far, and hopes to have the scholarship fully endowed by 2007. Alison Daeges and Wade Zander Matching gifts from employers—including American Express—and from the University of Minnesota business school, and also because of its ties to the President’s Scholarship match will increase the Minneapolis business community, which set it apart scholarship’s impact. To encourage donations, Ryan and from other, similar institutions,” Wade says. “It Nick emphasized the power of a dollar in annual giving definitely presented us, as students, with lots of to the fund. They pointed out that although a opportunities to get involved and meet members of the benefactor might not even miss it—especially if given business community.” via payroll deduction—the Carlson School could put it Alison served as president of the Business Board, to good use. and Wade’s involvement included a role in the One contributor to the fund, Wade Zander, ’02 BSB, Minnesota Mutual Life speaker series. “We would was originally attracted to the Carlson School because definitely encourage all of the alumni to keep of its reputation and its ties to the Twin Cities business supporting the school with their time and resources. We community. Now he credits the school for having given think that it’s a great investment,” he says. In addition him the foundation he needed to find a fulfilling and to donations to the Class of 1999, 2000, 2001, and 2002 rewarding career. Scholarship, he makes annual contributions to the Wade also found more than a career. While still an general Carlson School fund. undergraduate, he met Alison Daeges, ’03 BSB, on a By starting soon after graduation, benefactors such leadership program. They’re planning a November 2004 as Nick Richardson, Ryan Norine, Wade Zander, and wedding. “We were attracted to the Carlson School Allison Daeges are laying the foundation for a lifetime because of its reputation as a great undergraduate of philanthropy.

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Corporate Support Brings Extraordinary Women’s Forum to Carlson School “Strategies for Success” leads the way for more offerings.

On Nov. 7, 2003, the Carlson School hosted more than 200 students, professionals, and alumni for an incredible day of executive keynotes, panel sessions, and roundtables. Another 80,000 viewed portions of the programming through Twin Cities Public Television. The phenomenal response to “Strategies for Success” led to new leadership offerings, most notably Inside the Boardroom with Marilyn Carlson Nelson, a recurring conversation and networking event featuring leading women CEOs. “Strategies for Success” would never have happened without the support of alumni and community advocates. In response to requests from school leadership and Graduate Women in Business, C200 members Barbara Mowry, ’75 MBA, Jo Marie Dancik, and Marilyn Carlson Nelson recruited top women executives from firms such as AT&T, Goldman Sachs, and J.P. Morgan to speak at the conference. With a projected budget of more than $50,000 and only a few months to raise the funds, the Carlson School turned to some of its closest corporate partners. Wells More than 200 students, professionals, and alumnae attended “Strategies for Success” on Nov. 7, 2003. Fargo Minnesota President Jon Campbell, ’77 BSB, made an immediate commitment, thanking the Carlson School usinessWeek may have dubbed the Committee of 200 for being invited to sponsor “Strategies for Success.” That B(C200) as “the most powerful group you’ve never response was typical of 3M, Cargill, Deloitte, and heard of,” but the Carlson School’s student chapter of Guidant—all generous five-figure contributors. Graduate Women in Business is certainly familiar with the Complementing their financial support, each sponsor organization. C200 is dedicated to increasing provided panelists and participants for the event. opportunities for women entrepreneurs and corporate The companies cited their commitment to higher leaders. And its membership collectively controls more education and the unique opportunity to expose students than $100 billion in corporate revenues and represents and employees to world-renowned women executives over 100 industries. and entrepreneurs. The response was overwhelming— Tw ice each year, C200 partners with such business amazingly, the needed support was collected in less than schools as Columbia, Duke, Harvard, Northwestern, one week. Pennsylvania, and Stanford to deliver outreach seminars. Corporate philanthropy enhances the Carlson Thanks to alumni and corporate support, C200 and the School’s ability to serve its students, the state of Carlson School partnered to offer the Twin Cities an Minnesota, and the greater business community. We are event called “Strategies for Success—Inspiring Leadership grateful for the meaningful investments made by our

in Today’s Business Environment.” generous corporate partners. RUBINSTEIN SARA BY PHOTOGRAPH

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Corporate Associates 2003–2004 The Carlson School of Management gratefully acknowledges the support provided by our partner corporations and organizations between July 1, 2003, and June 30, 2004. Their investments help the school maintain its competitive edge, reward excellence among students, and ensure top facilities and technology to prepare business leaders for the future.

Contributors Distinguished Associates Managing Associates AC & E Publishing Co. $100,000 and above $10,000-$24,999 Allina Health System 3M Co./3M Foundation Caterpillar Paving Products Artisan Kitchens & Design LLC The Minnesota Mutual Inc./Caterpillar Foundation BCA Enterprises Inc. Foundation, supported by Deloitte & Touche LLP B. David Co. Minnesota Life and its Dorsey & Whitney LLP Catalyst HR Partners affiliates Ecolab Inc./Ecolab Foundation Davanni’s Sparboe Companies General Mills Inc./General Mills Dean J. Miesler & Associates Foundation ExxonMobil Corp. Executive Associates The Hays Group Inc. Fallon Worldwide $50,000-$99,999 International Multifoods Corp. Ford Consulting Group Carlson Companies Medtronic Inc./Medtronic G & K Services Inc./Carlson Family Foundation Foundation G.J. Daleiden Commodities KPMG LLP Hutchinson Technology Inc. Holtzclaw & Associates LLC PW Eagle Inc. Target Corp. J.A. Bakken & Associates St. Paul Venture Capital Inc. U.S. Bancorp/U.S. Bancorp James Young & Associates Foundation Wells Fargo & Co./Wells Fargo Bank Minnesota N.A. Jetson Inc. Oar Consulting Inc. Senior Associates Business Associates Provident Capital Corp. $25,000-$49,999 $5,000-$9,999 RBC Dain Rauscher Inc./RBC Cargill Inc. Dain Rauscher Foundation American Marketing Committee of 200 Foundation Association Robert Half International Inc. Guidant Corp./Guidant Avnet Inc. Rockler Companies Inc. Foundation ChevronTexaco Corp. Rocky Road Corp. Citigroup Foundation Rosen & Associates PC Corning Inc. Schwab Fund for Charitable Giving Department 56 Inc. The St. Paul Travelers DeRoy Testamentary Companies Inc. Foundation Steinwall Properties Minnesota Society of Certified Public Accountants Sunflower Hawaii Partners LP Philip Morris USA Tax Executives Institute Inc., Minnesota Chapter Phillips Plastics Corp. Three Arrows Capital Corp. Presto Foundation Toro Corp./Toro Foundation Rosemount Inc. Vector Marketing Corp. Unisys Corp. Virchow Krause & Co. LLP Xcel Energy/Xcel Energy Foundation Wooddale Worldwide World Reach Inc.

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Corporate Matching Gifts The Carlson School gratefully acknowledges the organizations that gave matching gifts to the school in 2003-2004. Numbers in parentheses indicate the number of individual gifts matched by these organizations. To find out if your company will match your personal gift to the Carlson School, please contact your human resources department.

3M Foundation Inc. (48) Carl & Eloise Pohlad Lexmark International Inc. (1) Wells Fargo Foundation (43) Family Foundation (2) Johnstech International General Mills Foundation (31) Riverwood International Corp. (1) Corp. (2) American Express Foundation (26) Ashland Inc. (1) Sit Investment Associates Deloitte Foundation (21) Piper Jaffray Companies Foundation (2) Foundation (1) US Bancorp Foundation (16) Alliant Techsystems Inc. (2) Hickory Tech Corp. The Medtronic Foundation (12) The Donaldson Foundation (2) Foundation (1) GE Foundation (11) Residential Funding Corp. (2) Union Pacific Corp. (1) IBM International Foundation (10) Globe Foundation (2) Steelcase Foundation (1) State Farm Co. Foundation (9) Marsh & McLennan The Sun Microsystems Ford Motor Co. Fund (8) Companies Inc. (2) Foundation Inc. (1) Minnesota Mutual Foundation (8) Goodrich Foundation (2) Fidelity Foundation (1) Deluxe Corp. Foundation (7) The Prudential Foundation (2) Gannett Foundation Inc. (1) KPMG Foundation (7) International Multifoods Bristol-Myers Squibb Xcel Energy Foundation (7) Charitable Foundation (2) Foundation Inc. (1) Graco Foundation (6) Emerson Electric Co. (2) TCF Foundation (1) ING Foundation (6) Ecolab Foundation (2) Archer Daniels Midland Ernst & Young Foundation (6) Safeco Insurance Co. (2) Foundation (1) Cargill Foundation (6) Microsoft Corp. (1) Larson Allen Weishair & Co. LLP (1) Land O’Lakes Foundation (5) Johnson & Johnson (1) Sara Lee Foundation (1) Honeywell International Abbott Laboratories Fund (1) Northwestern Mutual Foundation (1) Foundation Inc. (5) CUNA Mutual Group The Procter & Gamble Fund (1) The Boeing Co. (4) Foundation Inc. (1) RBC Dain Rauscher Foundation (1) Intel Foundation (4) Rockwell Collins (1) Coca-Cola Enterprises Inc. (1) Agribank F C B (4) E-Funds Corp. (1) Red Wing Shoe Co. Foundation (1) Grant Thornton Foundation (4) Fortune Brands Inc. (1) Burlington Northern Santa Fe The Toro Foundation (4) Verizon Foundation (1) Foundation (1) Thrivent Financial for Lutherans (4) Nstar Foundation (1) American Standard Foundation (1) Hewlett-Packard Co. (3) U B S Warburg (1) Met Life Foundation (1) Guidant Foundation Inc. (3) Stellen Inc. (1) Motorola Foundation (1) Curtis L. Carlson E & J Gallo Winery (1) GlaxoSmithKline Foundation (1) Family Foundation (3) Fifth Third Foundation (1) Fortis Benefits Insurance Co. (1) GMAC Residential PBG Foundation Inc. (1) Hallmark Corp. Foundation (1) Funding Corp. (3) Strong Financial Corp. (1) ChevronTexaco Corp. (1) ADC Foundation (3) Worldtravel BTI (1) The Goodyear Tire & Rubber Co. (1) West Group (3) Chicago Cubs (1) The Allstate Foundation (1) Supervalu Foundation (3) Williams Companies The NCR Foundation (1) H. B. Fuller Co Foundation (3) Foundation Inc. (1) Harris Bank Foundation (1) St. Jude Medical Inc. (3) Deutsche Bank Americas The McGraw-Hill Foundation Inc. (1) Altria Group Inc. (3) Foundation (1) Honeywell Foundation (1) Hormel Foods Corp. (3) Conocophillips Co. (1) Tennant Foundation (1) The Pfizer Foundation (3) Alliant Energy Foundation (1) Caterpillar Foundation (1) ExxonMobil Foundation (2) Bank One Foundation (1) Alcoa Foundation (1) Assurant Health Foundation (2) Pearson Education (1) Shell Oil Co. Foundation (1) P M I Foundation (2) Midamerican Energy Co. (1) PricewaterhouseCoopers World Reach Inc. (2) J. P. Morgan Charitable Trust (1) Foundation (1) The Pentair Foundation (2) The Charles Schwab Corp. Canadian Pacific Railway Co. (1) United Defense (2) Foundation (1) Key Foundation (1) Lockheed Martin Corp. (2) Storagetek Foundation (1) Visa International (1) Harris Foundation (1)

6 University of Minnesota 7 * * ) + + + * * + + + * * * + * # * + + + ) + + + + + + + + + # * + * * + + # * * + # + * + + tz Likins

thleen K. Mucha Ka J. oberta Henrickson

Doherty Ka Mukherji + Anuradha Marjorie S. Peterson Donna Q. Brady Donna Q. Brady A. Garbisch Carol Luella G. Goldberg R Mary G. Lawrence A. Lidstad Margaret Marilyn E. Mitchell Jeanne McDonald Jane H. Medcalf ra omas F. Grose Grose omas F. illiam W. & illiam W. obert J. & Karen A. Knoll & Karen obert J. Kueppers obert J. i-Chun Chou homas E. & E. & Gael Hanson heodore homas W. & homas W. imothy E. & Valerie K. & Valerie E. imothy Jonathan F. Eisele Jonathan F. Joseph R. & K. & Prasanta Nelson Marilyn C. & Glen D. E. Pechacek Maureen Dwight A. & T Y Clark John B. & Jane F. T Frey J. George & Michael W. M. & Stanley Jodi E. Goldberg Th T Hasse & Kay Glenn W. L. Hays James C. & Christine John A. & Hinman J. Beverly & Larry J. A. Hubers R. & Shirley David Jackson Ann & Robert Mark Z. & Judith S. Jones Yoav R Koentopf & Karen D. David R James A. & A. & Richard Ve W & Judy Mee Michael F. M. & Gerald T + + * + + + + + + + + # + * # + Carlson School of Management + # + + + + + * ] + + + ) symbol. + # + + + + + alter alter hose who have contributed for 10 consecutive years are years 10 consecutive for contributed hose who have are profoundly grateful to all those individuals who gave all those individuals to grateful profoundly are Emily Wetterstrom Emily Wetterstrom Marian B. Alexander Mary E. Anderson W Odegard K. Bastasz Carole Clarke-Carter Lane A. Thompson Ruth M. Westhoff Ruth M. Westhoff Benefactors whose gifts were matched are indicated by a ( by indicated are matched whose gifts were Benefactors However, if your gift was not matched within the fiscal year, matched not gift was if your However, T Members of the Presidents Club are indicated with a indicated Club are Members of the Presidents ( ndividual ndividual

yne E. Sampson y G. and illiam N. & alter C. & Janet P. Johnson Janet P. C. & alter obert A. & Esther Helvig obert A. & Esther L. Carlson oger A. & Lois Diana & obert L. Carter obert L. & Judith H. Duffy homas J. & homas J. ee C. & Barbara G. Kopp G. Kopp ee C. & Barbara ymbol. ymbol. W $2,500 - $24,999 L. & Gordon E. & Gerald Glen Berryman $1,000,000 and above $1,000,000 Herbert M. & Bar Hanson John Spooner - $999,999 $500,000 Anonymous A. Gray John C. & Marlys Kumagai J. C. & Sarah Steven - $499,999 $100,000 Anonymous Cooney & Margaret John T. R Holden Harriet T. Estate Moran Metta (Lee) (Bill) & Judy D. W. Harold Ro - $99,999 $50,000 W & Sally Anne Mariucci - $49,999 $25,000 T R R Cecere & Kathleen Andrew C. Daas Stephen R Johnston W. Steven L Wa M. & David denoted by a ( by denoted Benefactors cash and June July 1, 2003 pledges between or made new gifts our all for thankful are School. We the Carlson to 2004 30, the Carlson School benefits generosity alumni and friends whose each year. I We s it publication. year’s in next will be noted s TRIBUTE TO OUR BENEFACTORS OUR TO TRIBUTE [ Dwight’s 25th MBA reunion at Harvard, 25th MBA reunion Dwight’s

ent years, they have volunteered with two volunteered have they ent years, Marge recalls her time at the Carlson recalls Marge When the Carlson School awarded her a When the Carlson School awarded Such corporate programs encourage programs Such corporate talking about. As what he’s He knows At earn her own MBA at the Carlson School. MBA at the Carlson School. earn her own

c eer funds in a direction favored by favored eer funds in a direction tudents will have similar experiences. similar experiences. tudents will have tarted with giving,” says Dwight Peterson. says with giving,” tarted ormer vice president and treasurer of 3M, he and treasurer president ormer vice undergraduate leadership programs. Their leadership programs. undergraduate to their commitment helps keep involvement in the Carlson School fresh. investing challenging, and School as an “interesting, experience.”positive their Through that current ensure the Petersons generosity, s merit-based scholarship, she and Dwight merit-based scholarship, gifted They of philanthropy. began a tradition back the scholarship amount in hopes of with financial need. In benefiting a student re Dwight and Marjorie Peterson Peterson Dwight and Marjorie Gifts Matching make a ﬁrm commitment The Petersons to the Carlson School. get people help to funds really “Matching s the maximum amount that will give people to points out that by Dwight be matched. donations, companies employee matching st philanthropy. promotes employees—which f ’85 MBA, maximize Marjorie, and his wife, participating in 3M’s their support by program. funds matching mini-courses. in a few participated Marge she decided subject matter, the by Interested to

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Lynn M. & Hans W. Hinrichs Robert T. & Stanford M. & Amy B. Baratz Jeffery L. Radunz + # Frances H. Sprouse # * Clifford W. Hoffman + # * Ronald V. & Sarah E. Bardal * Peter W. & Sharon Robinson + Robert D. Strootman Paul A. Holte * Lawrence F. Barnes # * Karen J. Sallman Blackey & James N. & Sandra L. Hove Gayle G. Sward James B. Barnhart Brent G. Blackey + # * John D. & Curtis L. Tollefsrud * Mary P. Barrett Curtis A. & Marian Sampson + * Katherine R. Hughes # Win & Maxine Wallin + Robert W. Bartling # Jim & Claire Schoenwetter + * Dawn M. Hukai B. Richard & Judith C. Vogen Michael D. & Ruth B. Bash Jeffrey G. & Mary S. Scott + # * David L. & Janet L. Jahnke * Wade A. Zander & James W. & James M. & Kristine J. Smith + Alison A. Daeges Jeffrey A. Johnson * Margene A. Bauhs * Robert C. Steiner + # * Dean A. Jorgensen * Robert B. & Dean A. & Amy Sundquist $100 - $999 Margaret L. Baumgartner Paul J. Jungquist * Donald E. & Peter F. Komarek & Anonymous * David C. Beert Marjorie L. Sveen + Elizabeth E. Nelson * Donald S. & Kristin Aakre Steven J. Benson * David W. & Mark S. Konings & Ronald G. Abrahamson * Jean C. Benson Patricia R. Thayer + * Paige Chernow * Norman M. Abramson & Adam N. Benson Robbins R. Tong Steven W. & Nancy J. Laible + * Kimberly S. Wolson Nancy A. Bereman Terry L. & Virginia M. Tranter + Lenora Y. & Chak Chi Lau Maxwell Aforo Sture L. & Barbara J. Berg Karin L. & Mary E. Leone Peter W. Ahn Johanna M. Berg & William G. Van Dyke + * Thomas P. & Mari L. Lowe + Kaye L. Aho Gregory C. Carlson Richard B. & Rosemarie Heather M. & Frederick E. Aker John C. & Annmarie Berg Whiting + # * Todd A. Ludwig * Brian V. Akhavan Susan E. Bergren Christian F. Lundsgaard John C. Albaugh $1,000 - $2,499 Jeffrey D. Bergstrom & Marilyn L. & Deborah D. Alexander Cheryl A. Conklin Douglas A. Alger * * Thomas F. Madison Nancy R. & Glenn L. Allen # Nadine E. & Duane J. Berkley # Carlyle E. Anderson + # Robert T. & Mark T. & Jennifer Allen James S. Berline William E. Au-Yeung Maryellen Madsen * Carl P. Allen Dale F. & Carolee J. Berndt Lee W. Bachman + Marvin & Erik R. Allen & Lisa A. Wolsted Paul E. Bernstein # Richard E. Ballsrud Ruth S. Mandery + # * Camilla & Howard R. Alton Paul & Pamela Bernstein Jason R. & Mary A. Ballsrud Timothy P. McKeever # * * Paul D. Anderson Paula & William Bernstein Roland G. Barrett Shawn D. Messner * Robert K. Anderson # Erik P. & Betty Bernstein Paul R. Beltz Sally A. & Ernest S. Micek * Karolyn S. Anderson Linda R. Berntson Harold J. and Laura Bloom Rebecca J. & Norman E. Miller Thomas J. Anderson John H. & Barb Berryhill # Janet K. & John E. Bohan * Patrick A. Aaberg & Colleen M. Molden-Aaberg Monte G. & Joan M. & Lisa A. & William Brady * Eveline N. Anderson James A. Bertelsen Brian L. Naas * Howard M. Chase Robert D. Anderson Mark S. Bertolami & Jay D. Nibbe # Sandra A. & James B. Dagnon * Hugo A. Anderson & Ellen McGroary Kenneth H. & Terry R. Nygaard * Susan P. Scott Heather Besikof Betty J. Dahlberg + Rick H. Olson Erik S. Anderson * Woodrow W. Beske Scott N. & Ann C. Dayton Barbara F. Olson Urton L. Anderson Robert M. & Jo Ann H. & David A. Dent Valdemar & Marilyn Olson + * Jennifer L. Anderson Barbara I. Bigwood Kenneth J. & Lois M. Drost + Elizabeth B. Opondo Dennis A. Anding Russell D. Birch # Barbara R. Eiger Margaret A. Osborne * Brian K. Andrew Brian B. & Janet S. Bird Bruce W. Engelsma # Duane L. & Susie Ottenstroer + Robert A. & Beth J. Bjork + Hector R. & Lois M. Anton # * David L. Estenson Holly A. & Jeffrey A. Parker Cristina Arbelaez Rose Marie & John F. Bjorklund Jack W. & Camie Eugster + Grace C. & Harold A. Ard Kendra M. Black-Smith & Charles A. Parsons + # Robert W. & * Craig R. & Cynthia P. Arends Keven D. Smith * Cynthia L. Fleming Gary P. & Sharon M. Peterson * Jon G. Arfstrom William J. Blais Timothy J. Forstad Douglas G. Pugh # * * Steven J. Arnett Donald W. & Janice Blattie Gregory G. Frankenfield Gene D. & Judy A. Rayburn # * Thomas N. & Holly B. Arnfelt Lori M. Bloomberg * Barbara A. Franta & Barbara L. Renner * # * Donald J. Aronsohn Joan M. & George E. Bohlig * Dennis G. Nelson + William J. Rennicke * James E. Asenbrenner Warren & Carol S. & Bruce A. Richard Dorothy E. Bolmgren # # * Philip J. Asgian Glen F. Fuerstneau + * Nicholas A. Richardson Ronald A. Bongard * Brian S. & Kimberly Augustin D. M. Gallaher David J. & Janice L. Ring Daniel P. Bork # # Rodney M. Austin * I. J. & Rolland E. Glessing + * Stacy D. Rubsam & Randy L. & Susan Bose # Sharon L. & Thomas L. Auth # * Milos D. Graonic Elizabeth F. Draxten + * Dale F. Boyd Todd A. Awes # Naomi C. & James H. Grenell + Donald C. Savelkoul + Francis J. & M. J. & Teresa A. Axtell Stephanie Chew Grossman Douglas J. & * Elizabeth S. Boyle # * John D. Grupe * Margaret J. Schmalz * Robert A. Baker # Robert E. & Benjamin R. Harren * Charles H. & Kimberlee A. Self Richard C. & Lisa M. Baker Jacqueline Boynton Thomas J. Hauschild # Patricia A. & James A. Bakken Ellen & Gregory A. Braatz George V. Head Mark A. Sellner + # * Margaret M. & Mark T. Bakko Thomas J. & Sue Brakke # Marjorie J. & Phillip G. Semmer * Bruce J. & Barbara J. Bald * Mary E. & Mark Brauer Donald A. Helmer # Dolores I. & L. N. Baldwin Richard E. Bredehoft Merle Hilliard Gordon M. Sprenger + Gail A. Baranko * John C. Breen Michael R. Springer *

Benefactors whose gifts were matched are indicated by a (*) symbol. However, if your gift was not matched within the fiscal year, it will be noted in next year’s publication. Those who have contributed for 10 consecutive years are denoted by a (#) symbol. Members of the Presidents Club are indicated with a(+)symbol.

8 University of Minnesota 243723_guts10/18/0411:58AMPage9

PHOTOGRAPH BY JIM HANSEN Pa John K.Butler Ann K.Bush Marilyn L.& G John N.Briggs R Nancy A.Breyfogle Kar James H.Brentzel L Camilla S.Colantonio C Jo AnnM.&Paul W. Cochran James W. Clifford & Wa John R.Clayton A Brian J. Clark David V. Clark R Bonnie J. Christensen K Sang-Rim Choi Ed Joon H.Cheon Fu-Hsian Chang Carl Chang John W. Challas James W. Challas John J. &Sandra C.Chai Eric R.Chaffee Fa Carl A.Carte Mimi H.&DuaneS.Carlson Jay R.Carlson James A.&EmilyL.Carlson G John W. Carlson Richard M.Carlson John P. Carew Mark S.&CamillaC.Cane Oguz C.Candir Carolyn A.& R Pa R Zhijun Cai Jeffrey M.Cachat L Michael M.Burns Betty &JohnH.Bullion Bernie R.&Rosalie K.Bullert Geraldine K.& Cheryl E.Buck Alvaro A.Bucheli Melissa A.Bryan Susan H.Brunn Laura W. Brown Susan M.Brockman ynda Burton & eo Breitman erry T. Chou onald O. Briggs onald C.Christner odney C.Cameron obert C.& elia Coelho-Kamath udrey J. &CharlesH.Clay ary P. Brintnall ary W. &Carol L.Carlson ye tricia N.&JamesE.Bye trick B.Callahan&Patricia wa yne B.Clementson en Y. & R T Douglas W. Brewers T Ke A. O’Gorman-Callahan Janet E.Calander R erri D. Barreiro

homas T. Feeney obert J. Buscher+ obert L.Bullard P. rd ith M.Campbell

Case

Chestolowski * * # * # # * * * # * * # * * * * # * * Randolph K.Davison Sandra L.&Lynn J. Davis Allan E.Davis Hong Du Dean M.&Christine F. Dressel Craig J. Drake T Bryce A.Doty Belinda S.Dorau David E.&MonaJ. Domaas Jennifer L.Dolan Wa Brian T. Dobie Kay R R Linda M.&William Devroy L T Joseph H.Dervie Brian L.&KimG.Delgado P T Alan B.Deglmann Michael J. Degen Jacquelyn M.DeGuise John J. Day W James W. Daulton Anne M.Damico Julie F. Dallas Eugene L.Daley James C.Daleiden Gerald J. &Gerald Daleiden R Nicole A.Dahl John P. Curtis James H.Curnow Michael J. Cunningham Raymond R.Crum Norajean Crowley Melissa L.Crawford Dorothy Cravens G Matthew D. Crain Ka W Dawn L.Courrier Ann A.& Donald W. Cory Ka P Ed R Charles A.& David N.&MonicaE.Collins James A.Cole R Donald J. Conlin ois T. &Sherman Devitt imothy G.&LindaJ. Doyle homas A.Deters homas F. Degnan aul F. Delaney aul A.& obert D. Dishner obert B.Diercks obert N.Dahlgren osann W. Collins obert A.Colbert & ail J. &Stephen A.Craine illiam L.Davidson & illiam B.Craig thryn L.& thleen A.& wa yne C.& Claire C.Olson Christine T. Dokken Dodd B.Cosgrove Ka R Kimberly K.White Lawrence W. Craighead K H. Dixon enneth Cooper oberta J. Collins rd thleen Connolly

B. Congdon [ * # # TRIBUTE TO OURBENEFACTORS * * * * * # # # * # * * * * # * * * * * * Nancy K.Ellsworth Christopher J. Ellis Cheryl A.Ellefson P John M.&AnnEdwardson John W. Edson & Eugene I.Edie Brenda J. &Scott W. Eckes W Ikuko Ebihara Jeffrey A.Dziuk Bethany L.& Phyllis &SheldonV. Durtsche Pat Jean M.& P John T. Dunn R T Joseph J. Fobbe Culver C.Floyd Matthew A.Flores Daniel P. Floom Frederick M.& James C.Flaa Marcia E.& Marcia S.&Richard A. Fisher R David M.&ElaineH.Fink David B.Fiery David &KimE.Fey Mark D. Feciskonin Clarke B.Fauver Matthew Fanta Steven A.Falk Joel D. Fagerstrom V Michael L.& Derek J. Ernst Jean G.& Steven L.Erickson Richard C.&JoAnn R Steve L.Erickson Harvey G.Enns T Susan M.EnghPaul David R.&PeggyA.Engh David G.Endy Joan &Harvard D. Elverum Jay B.Elstad Dan H.Elron Michael J. &Wendy K.Elm L Brian C.Dueber R Todd A. A. Todd James B.Dworkin ois F. &DennisP. Duerst homas A.Folz homas J. Engman aul M.Egeland aul S.&Kathleen W. Dunn oger E.& obert J. Fisher obert A.Erickson obert J. & ictor M.Evans arren L.Eck ricia E.Durst Arlys A.Marzolf Pa Gregory J. Dunning R Marilyn L.Fleury R Vi Wa Erickson Kristin E.Dudacek ebecca R.Duffy obert L.Fjerstad r trick W. Duthie ginia A.Evans llace E.Erickson & DanaW. Dye * * # # # * * * * + # ] * * * * * * Carlson School ofManagement * * # fGiving of The Chain Esperanza Guerrero-Anderson Business Journal Minneapolis-St. Paul Business award from the also received theMinority C Supporter oftheHispanic honored Esperanza witha Governor Tim Pawlenty a “diamond.” protégé, describingher as praise for herstudent chosen field.Shehashigh a mentor inhisorher which pairsastudent with mentorship program, with theFull-Time MBA instructors. with two ofherformer she still remains incontact close relationships that school, sheforged such School. Inhertimeatthe mentoring attheCarlson minorities. businesses runby ethnic capital firmthatinvests in Growth Fund,aventure and CEOofMilestone me to give back.” so much,now itistimefor Anderson, MBA’73. “Igot Esperanza Guerrero- “It’s payback time,” says back gives alum one How through mentoring. through ommunity award. She In 2004,Minnesota T She’s alsodedicated to Esperanza ispresident oday, shevolunteers . 9 243723_guts 10/18/04 11:58 AM Page 10

[ 2003 • 2004]

Barbara G. Foote * Michael P. & Sally S. Grossman Philip L. & Sandra M. Iwamoto * Kenneth James & Colleen M. & H Brandon Guest Carole A. Hildebrandt Ronald E. Jackelen # Jocelyn M. Forde Jody A. Gunderson John M. Hill Kimberly K. & Gregory A. Forsberg Luca Gunther George H. Hill # Michael T. Jackelen # Michael M. Forster Michael J. Gurin James R. & Donna M. Hill * Brian J. & Suzanne B. Jackson Polly K. Foss Thomas A. & Darcy J. & Richard B. Hill Hilda E. & Keith E. Jacob # Maria T. & David J. Fox * Shelley C. Gustafson * Stanley J. Hille Peter J. Jacobs & Carol A. Hatcher Jeffrey P. & Mary J. Fox # * Donald W. Gustafson Dawn F. Hillins * Roland A. Francis Leonard H. Gustafson E. Burke Hinds Craig A. Jacobs Scott A. Freberg Larry R. Haberman Kurt D. & Amanda Hines Nancy C. Jacobson Alan J. Freeman Maureen L. & Larry W. Hacker Karen M. Hines Dean T. Jacobson Beth J. & John D. Freeman Gerry B. Hagar Richard D. Hladky # Marcia K. Jaeb Elizabeth A. French # Anne & Daniel O. Hagen Nam Phuong T. Hoang Joan B. & Reid A. Jaeger Heidi L. Frerichs George S. & Mary B. Hagglund Paul M. Hockert Jeffrey A. & Christine L. Gerald A. Freund Drew D. Hagquist Matthew J. Hoffer Jagerson * Rose & Timothy D. Fritz Jodie E. Hagstrom David J. Hoffman Mark L. Jansa Karen M. Jansen Susan G. & Steven L. Fritze * Kenneth A. Hagstrom # * Debra A. Hoffmann & Timothy L. Gadler Thomas W. Haley Wiley H. Sharp Carol L. & Marius A. Janson Franz Hofmeister Daniel F. Jarl Linda & Thomas B. Gagnon John W. & Susan G. Hall # * William G. & Cheryl D. Hogle # William S. & Sandra S. Jenkins Cassie R. Gaikowski * Mark A. & Mary Jo Hallberg Amy J. Gales Vernon A. Halvorson Ronald O. Hoistad Daniel L. Jensen Louise B. Gallagher Jay R. Hamann Timothy J. Holdgrafer * Steven E. Jenson Cynthia A. & Craig A. Holl Dennis G. & Teresa M. Jenson Queenie K. & Paul J. Gam Laura H. Hammer * Peter D. Gantriis Paul S. Hammond Karla B. & George & Deborah R. John * Mathews L. Hollinshead David J. Garcia Lyle V. Hanson Dean R. Johns * Robert W. Hanson Richard L. & Eric L. Johnson Gabriel Garcia Richard L. Holloway Scott D. Hanson Lonnie G. & Jan Johnson Lois & David M. Gardner Lisa A. Holmberg Kevin B. Hanstad John C. & Elaine Johnson Carol & John J. Gariano Benjamin M. Holmes Karen K. & Robert F. Garland Michael J. Happe Wayne R. Johnson John R. & Allen D. Johnson Robert W. Gefvert # Mary F. Hardt Christa L. Holmstead # * * Craig H. Johnson Harold S. Geller Thomas R. Harmon Stephen R. & Larry J. Johnson James R. George Kirsten L. Harstad Cynthia B. Holstad # * * Marion L. Johnson Michael N. Gerhardt Mark J. Hartley Robert J. Holtz * Warren L. Johnson Charles E. Gerretson Ione I. Hartley Denise M. & Corey M. Holtz * Robert W. Johnson Lorette A. Gerring Helen & Roger L. Hartmann Catherine E. Holtzclaw * James L. Johnson Julie K. Getchell Howard A. Hartstein & David N. Holtze * Robert W. Johnson James E. Gifft Mary Kay Ruhoff * Rosemary M. & Alison K. Gilbert Steven L. Hatting Daniel D. Hoolihan Stephen W. & Anne M. Johnson Jerry B. Gilbert Jerry A. & Laura S. William Horne & * * Hatzenbuhler Joni C. & Patrick M. Johnson Daniel R. Gilbert # * Jan K. Haugland * William M. Haugen Karl E. Johnson Erich E. Gill Russell C. & Mary B. Horsch Marilyn D. & Donald J. Haugen # Steven W. Johnson Tom D. Gilstad Ronald L. & Linda Hoseth James C. & Judy A. Hawley Terryl A. & Steven Ginestra Marilyn D. & Barry F. & Christine M. Hay Robert V. Hovelson # Maynard E. Johnson # * Nancy J. & Kenneth C. Glaser + Gary G. Heaton Larry T. Hoyme Bradley P. Johnson * Philip W. Gleason * Michael A. & Judy H. Huang Timothy T. Johnson & John W. Glieden Terese M. Lynch # Jennifer B. Hecht Helen T. & John C. Huang * Shirley A. Goff * Brent R. Johnson * Shawn P. Heckel Mark J. Hudson Keith H. Gohlke * Cynthia L. & Erick D. Johnson Michael J. Hegstad Marcia L. & John E. Michael Gold-Biss * Amy E. Johnston Jay D. Helgren * Huepenbecker Harlee E. Goldsteen * Lillian M. & Osmond J. Hellen John & Diane R. Hughes Robert G. Jones Bruce D. Goodman Thomas J. & Laurie Helling Mark A. Hughes Clark N. & Susan P. Jones Roger M. Gore Sean L. Helsel Leonid & Evelyn Hurwicz + Carol J. & George L. Jones Michael K. Gormley * Donald E. & Orthos A. Huseby Jeffrey G. Jonswold Gregory J. Gosch * Jo Anne R. Heltner + # * Youngcheol Hwang Steven C. Jorgenson Dwight J. Goslee Mary Jane & Duane A. Heng * Rasmus K. Hyltegard Noel T. Juaire Michele A. Govekar Mark L. Henneman * Jay V. & Cynthia A. Ihlenfeld Anthony A. Jurek Matthew V. Grams Loran A. Kaardal * Margaret Heppelman & Stacia M. Ikpe * * Frederick H. & Michael Wacek Marjory J. Immer Paul A. Kadue Jane E. Gravelle # * Jose L. Hernandez Richard M. Irvin Joon Hyung Kang Charles T. Green # * David J. Hertzberg Keith A. Isaacson Craig M. Kangas Willard A. & Ruth E. Hiaring Wreisner & Philip T. & Doris A. Greenleaf # David G. Ische & Mark S. Wreisner Mary M. Weber Marianne D. Kanning * Jacquolyn K. & Kimberly K. Hidy Gary G. Kaplan Lonnie L. Groe # * Burton J. & Shirley J. Iverson * Mary C. Higgins

10 University of Minnesota 243723_guts 10/18/04 11:58 AM Page 11

[ TRIBUTE TO OUR BENEFACTORS] The RightThing to Do The University of Minnesota’s matching funds programs allow donors to make the most of their gifts.

he cost for an individual to make it through the “Tundergraduate school these days alarms me,” says Steve Johnston. “And maybe, in my own way, I can help some people ease the burden a little. It seemed like the right thing to do.” Steve, who in 1972 earned a bachelor of agricultural business administration, a joint degree from the Carlson School and the U of M’s College of Agriculture, is a long- term annual benefactor of both. In the spring of 2004 he endowed undergraduate scholarships at each college. Steve took advantage of the President’s Matching Fund offered by the University. “I’d been a giver every year to the school, and I wanted my money to go where it was most needed. The schools offered me the opportunity to turn the gifts into something with a little more meaning than just writing a check. I decided that this would be a nice way to do it.” Bill Walter Bill Walter, ’72 MBA, calls the University’s matching funds program “spectacular,” and says that he hopes his By funding a new scholarship, Bill and his wife, Judy, actions will lead to a new generation of philanthropy. He hope to open that world for a new generation. certainly sets an excellent example. He has endowed an John Clark, ’42 BSB, and his wife, Jane, chose to fund MBA fellowship at the Carlson School. This year—as in an Advantage Scholarship, which goes to an economically previous years—he challenged graduating MBA students disadvantaged student. Advantage Scholarships provide to meet or beat his gifts. (The classes met their goals.) ﬁnancial aid and more—they also ensure that students Bill credits his time at the Carlson School with giving have special advisors who will help them succeed in the him the skills he needed for a business career. “It opened business school environment. “I just wanted to give

PHOTOGRAPH OF DICK TAYLOR BY ANTHONY BRETT SCHRECK; BILL WALTER BY TONY NELSON TONY BY ANTHONY BRETT SCHRECK; BILL WALTER BY OF DICK TAYLOR PHOTOGRAPH up a whole world of knowledge and education,” he says. something back,” says John.

Making Good For one longtime annual donor, giving is a way of life.

Dick Taylor, BSB ’48, stands out as an annual benefactor to the Carlson School—he’s been annually investing for more than two decades. Of his commitment to philanthropy, he says, “it’s a part of a person’s value system. If you really felt that {your education} was worthwhile and you’d like other people in the future to be able to enjoy those things, you ought to do all you can to support it. It’s just that simple.”

Dick Taylor

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[ 2003 • 2004]

Kamal G. Karam Mary A. Kuklinski * Marcia A. & James R. Lockman Anne F. McMenomy Tatiana M. Karasik * Robert R. & Katharine A. Kuritz Fred L. & Nola C. Lockwood Dennis M. McNamara James M. & Kathleen T. Karges Donald H. Kurtzahn Richard A. Lodahl * Mary A. Mehus Saeed Karim Thomas T. & Adeline L. Kuzas Maynard & Patricia Lodahl David R. Melberg Stefanie M. & Robert I. Karon Nicholas P. La Fontaine Larry J. & Shirley Lokken Christopher S. Meldrum Michael J. Karpen Peter W. La Fontaine Alden C. Lorents Matthew W. Mellen * Andrew E. Kasid Timothy G. La Londe Mark R. & Christine Loth Michael J. Melloh Steven W. Kast Mary M. Lach Raymond F. & Linda J. Lottie * Nancy J. Melzer * Aaron B. Kastner Roxanne M. Lackas * Bernard L. Lucking Mary M. Merrill David H. Katkov & David E. Laden Susan R. & William C. Ludwil Roy J. Messelt Patricia R. Wyffels * Jeffrey L. Lafavre * Lynette G. & Howard G. Luick Greg W. Metcalf Mary K. Katynski-Johnson & Jennifer J. & Nathan A. Laible Daniel B. Luitjens Edward J. Meyer Dennis R. Johnson + # * * * Diane H. & Edward C. & Ruth M. Lund Ruth K. Meyer Judith B. & Robert N. Katz Duane D. Lambrecht # Timothy P. & Jane M. Lundberg Jo Ann F. & Carleton Meyer Christopher M. Kauffman # Sharon L. Lamkin Kristi J. Lynn John S. Mickman Lennie M. & Jill A. Kaufman Thomas L. Lampros & Garrett G. Maas Elizabeth A. Midtlien Pamela B. & Dawn M. Anderson * Joyce A. & Alan J. Mac Phail Wayne A. Mikkola # Rochfort W. Kearney + * Dale E. Lampson Michael R. Mace Thomas C. & Timothy J. Keaveny Patrick J. Langan John P. & Susan N. Mack Marjorie S. Mikulay Kimberly J. Keefe * * Richard J. Langlais William H. Mackey Michael C. Miller # Peter J. Keers * Jed D. & Elizabeth R. Larkin James L. Mader Craig R. Miller # Richard F. & Sharon A. Keister * Steven A. Larson * Scott M. Madson Roger F. Miller & Sandra G. & Peter T. Kelemen * * Janet B. Larson Irene M. & Joseph D. Maertens Mary B. Zweber * David E. Keller Michael D. Larson Patrick D. Maghrak Maryann J. Miller Scott W. Kelley Rholan E. Larson # Marshall A. Maglothin Kent D. Miller Joseph A. Kellogg * Joyce E. Larson # Myla J. & Todd A. Miller & Andrea L. Kelly Jennifer Griffin * Jo Ann & Philip A. Larson * Gerald E. Magnuson + Michael W. & Helene Keran William J. Latta Harvey A. Mahlman Claudia & Harvey H. Mills Kevin P. Kern Dong-Soo Min Dennis H. Laufenburger Matthew T. Mais * Catherine M. & Paul T. Kibbe * Edward V. Lauing Ian Maitland & Emi Ito Dean R. Mitchell Thomas R. Kilzer Michael R. Lazarz Daniel C. & Patricia T. & * Donald R. Moberg + Taekyun Kim John H. Le Fevre Kimberly F. Makey # * Allan R. Modjeski Myung Chul Kim Robert D. Lee Susan E. Malaret * Karen J. & Steven J. Moen Joon H. Kim Gerald I. & Joanne V. Lee Thomas C. Malia * Curtis Mohr Bong J. Kim Jong I. Lee Elizabeth A. Malkerson Cindy S. & William J. King Gerald A. Leener Jill A. Mallen * Lawrence H. Mohr # Peter J. & Tracy L. Kinsella Mark A. Lehman Debasish N. Mallick * Timothy D. Mohs Scott R. & Mary S. Kirby Ernest A. Lehmann Harald Mallwitz Andrew K. Moller John T. & Kathleen C. Kisch Thomas A. & Colette E. Lehrke Charles E. Malmberg Kevin J. Moller Richard L. Klaus Youree V. Lejonvarn Mary Maloney David A. Kleppen John B. Mooney Keith L. Lenaburg * Stephan T. Mann Ryan A. Knapp Bennett J. & Steven J. Lensing * Gordon J. Marshik # * Sharon M. Morgan # Michael C. Knebel & Beth D. Leonard Ruth K. Martens Susan Shepard * Spence G. & James M. Lerberg Myron C. Martin # Catherine W. Morley Kristine M. Kniefel * Joan I. Lewis Frank R. Martin Mark J. Morneau Betty J. Knudson # * Stephen M. Lewis Thomas P. Martin John R. Morris Harold D. Knutson * Diana D. & Kenneth W. Lewis Daniel T. & Jody P. Marvin Scott J. Morris Mark A. Knutson * Cheryl R. Lind Jeanne M. & Joseph P. Matheis Donald P. Morrison Jay A. Koepsell * Kip A. Lindberg # Anoop K. & Preeti Mathur Thomas T. & Dana L. Morrison Paul F. Koernig # David C. Lindblom Diane M. Matson & Peter W. Morton Ronald A. Kolquist # Sue E. & William J. Linder Mark S. Vanney # Patrick & Kristina Morton Stephen A. Konopliv * Kevin A. Linder Steven D. Mattson David H. & Barbara J. Moser Russell J. & Abha S. Kopp * Richard T. & Lois I. Lindgren Ruth M. & Jon O. Mostrom Alan M. Kotula Christopher R. Mayr + Charles D. Lindgren * Rick D. & Kristine A. Moulton # Kim M. & Mark W. Kowalski Penelope L. McCarran Jonathan M. Lindley * Barbara J. Mowry Susan E. Kowert E. J. & Joanne McCarthy Ray M. & Michelle L. Lindner William F. & Janet Q. Munson Stephen E. Kozlicki * Shawn T. McCormick * Joy J. Lindsay * Nathan J. Munson Paul D. & Nancy L. Kralovec Andrew R. McCulloch * Al & Janet L. Linner Patrick J. Murphy Jan E. Krentz Elaine G. & Lawrence E. * David W. Linton Richard D. Myklebust # Cary W. Kronebusch * McGauley * Leonard A. Liptak James R. Nachtsheim Deborah E. & Elizabeth A. McGregor Craig D. & Maryanna Litsey Daniel F. Nafzger Michael R. Kuehner * * William B. McKinney * * William C. & Douglas A. & Paulette Livdahl Karen L. McLaughlin Matthew J. Nash Diane L. Kuhlmann Charles S. & Maryanne Lo Jill P. Nathe * Paul J. & Susan B. McLean *

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John A. & Debra K. Nauman David M. Pellinger Joyce I. & J D. Naumann Carol S. Perkins * Ann E. Nelson Pamela Perraud Jack R. Nelson Christopher R. & Kelly Perry Allen C. Nelson Theresa M. Pertz Clyde D. Nelson # Roland O. Peteler * Dowlan R. Nelson * William T. Petersen David M. Nelson # Susan L. & Gene H. Peterson Roger D. Nelson * Nancy E. Peterson Linda A. Nelson & Douglas J. Peterson * Jon D. Cravath Ronald Peterson Alle E. Nerayo Bruce A. Peterson Kirstin L. Nesbitt * Deborah R. & Daniel J. Neuger Dave E. Peterson John H. Neumiller Darlene R. & Roger C. Peterson William M. Newell * * Carol A. & Sean P. Nicholson Mark D. Peterson Dale Nitschke Eric R. Peterson Steven G. Norcutt Monte J. & Lane C. Nordquist Gerald S. Pettersen * * Joel B. Pettit David R. Novy * Curt J. Nusser Ralph R. Pettyjohn # Ann L. Nyberg Robert M. Phillips Daniel J. O’Connell Erin A. & Donald J. Phillips * Jack N. Reif Sharon Lamkin Brian J. & Steven J. Piazza & Lori L. Dietrich Jodi L. Reischl Sally L. O’Donnell # * * Robert R. & Joan H. Piche Marri K. Renne Peter B. O’Kelly # Shelley W. Renner It All Adds Up Tina M. & Paul A. Okerglicki Cecilia F. & Le Roy F. Piche Richard G. Pietrick # John T. & Carol A. Repp Patrick T. Olk # Carlson School staffer sees * # Jacob E. Rice Allen R. & Nancy S. Olsen Linda P. & Elliott P. Pinck big results from payroll Gretchen Piper & Peg & Charles R. Rich Jane M. & Roger B. Olsen # * Edwin S. Rosenbaum Barbara A. & Tim Richter giving. Gail L. Olson # * Gregory M. Pizzano David G. & Helen K. Rickman Roxanne M. & Timothy Olson “It’s painless,” says Sharon Matthew J. Plociak Thomas K. Ries Alden C. & Barbara H. Olson * Lamkin, a loyal benefactor James M. Plutt Todd A. Ringgenberg Kenneth O. Olson # * of the Carlson School of Brad J. Poeschl Anne M. Ringgenberg David S. & Jean Olson * Management Fund, as well Darlene R. Polo-Kramer Douglas S. Ringwelski Lars C. & Chanda Olson * * as to the Information and * Mary F. Porter Dennis L. Ritchie Matthew A. Olson Decision Sciences Fund. Robert L. & Douglas L. & Mona L. Ritter Andrew M. Oman * Colleen Q. Porter # Douglas S. Rivard Each week since 1993, Takeo Omori she’s invested a portion of William B. Porter Dolores M. Robb # Kevin R. Ondracek Brata Prawiradjaja Scott J. & her paycheck with her Michael L. & Barbara J. O’Neil Eileen M. & Richard J. Price Susan M. Robertson employer. “Payroll Suzanne M. & Felix Pulgram Bernard J. Robichaud deduction is so easy that Richard E. Opitz Vikas Puri Douglas K. Roderick you don’t even think about Paul A. Opsahl # * Charles F. Pursley Ian P. Rodricks Jolene J. & * it,” she says. “And it’s such Thomas R. Ormand Abe M. Qastin Charles E. Roemer a tiny amount each week.” Richard J. & Paul J. Quast Robert C. & The department Dianne M. Osborne Roger L. Quigg Petrea C. Roesler # administrator for the Richard D. Osburn Kay F. Quinn * Martin D. Rogers * Carlson School’s Jann M. Rademacher Mary E. Rolf Eric J. Osiecki * Department of Information Gail E. & Hollis W. Rademacher Tracy A. Rolf and Decision Sciences, John S. Rose William J. Osterbauer Mark & Vanessa Rademaker Sharon has responsibilities Beatrice F. Ourada + Susan R. & Bruce J. Rader Douglas K. Rose &

PHOTOGRAPH BY ANTHONY BRETT SCHRECK for course scheduling, Mary A. Pappas Donna J. Radford Erica A. Bergsland * David A. & Janet K. Parker Staci A. Ramola Thomas R. & Susan J. Rosen financial management, David J. Partington Eric S. & Eric S. Rangen Jenna G. Rosenberg assigning graduate Reginald A. Patterson Dawn M. Rasmussen-Hickey Charles J. & assistants to classes, and * Kathleen V. Rosenow J. P. & Carla D. Paulson Rodney S. & other general Kim M. & Michael J. Ross Todd E. & Elizabeth Paulson Helen A. Rasmusson administrative duties. A Thomas H. Roth Marc J. Paulson Kerry F. Rathburn 32-year veteran of the Robert L. & Ellen K. Rouze Brent R. Peacock Lee A. & Janice Rau Carlson School, she is Richard G. Rovelstad Margaret E. Peat Michael S. Rausch * enthusiastic about giving. * Mark C. Rowbottom Ruth A. Pechauer Donna B. Reed “I really love the University, * Gary S. Rowland & Troy E. Peck Christopher W. Reedy and I really enjoy working Jennifer J. Clarke + Steven C. Pederson Amy L. Reichert * Matthew L. & at the Carlson School,” she Christopher T. Reichert Robert J. Peifer # Julie W. Rowles says. Melvin A. Reichstadt *

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Class Act David V. & Shirley A. Rudd Phillip D. Simon Jason T. Sunderland Susan Y. Runkel * Mark J. & Anne J. & MBA grads rally to support T. Eileen & John M. Russell + Elizabeth R. Simones * Stephen K. Sundquist their future peers. Daniel J. Ryan David D. Simonson Suzette E. Sutherland & David E. & Carol Saarela Susan E. Simundson & D. B. Neary * The 2004 Full-Time MBA Neysan Sabery Bruce Cryan Helen H. & Burt E. Swanson + class gift campaign ranks John L. & Lynn V. Sabre Deborah S. & Steven C. Sing Richard K. Swanson as the most successful to Timothy J. Sagehorn Vikas Singhal William K. Swanson * date. The philanthropy of Craig A. Saline Arthur M. Skauge Lisa Sweeney & Brian R. Lueck Bill Walter, ’72 MBA, the Connell I. & Mark H. Skidmore Susan K. Swenson efforts of the Student Laurie L. Saltzman Margaret J. & Lee B. Skold * * Jeffery A. & Laura Swenson Leadership Committee, George D. Sanford Elizabeth S. Skrainar * David D. Sauder Richard F. Slabey Ivan J. & Amy L. Swenson and the generosity of * Jodell A. Swenson graduating MBA students Martha R. & William J. Saul + Patrick B. Sloan * William Y. Smiley Scott J. Takekawa # have combined to create David L. Saunders * * William & Deborah K. Smith Toshiyuki Tanaka this impressive result. Paul D. & Tamara J. Saunders Dorothy V. & Lyle G. Smith # Kenneth Y. Tanji David L. Schafer * * Bill offered the class a Meredith S. Smith Philip D. Taylor meet or beat challenge of Elizabeth C. Schaller * William J. & Laurence D. Smith Richard S. & $30,000. “We took the Rochelle A. Scheela Bruce W. Smith Dorothy B. Taylor challenge and went all the Mary Ann Tellers # Mark J. Schindele John M. Snyder * * way,” says Gabriel Garcia, David A. Therkelsen Perry J. Schmidt Gerald R. Sonderup * MBA ’04, cochair of the 12- Barbara J. & John Micha Sontorovich Peter J. Thompson Scott J. Thompson student 2004 Student Bruce C. Schmidt # * Janet G. Sosinske Brad S. Thompson Leadership Committee. Patrick J. & Sarah A. Schott * Mark E. & Shahla Southerst The class raised a record Matthew Schrempp Lois A. & James W. Sowles Julie A. Thurn-Favilla & * Steven J. Favilla Mark R. & Patrick D. Spangler $34,568, and the drive Michael J. Thyken Georgia A. Schuetzler Jeff Spartz generated more than Paul T. Timpane Patricia J. & Robert K. Schultz Mary E. & Ronald W. Splett $68,000 for the MBA Donna M. & Wade F. Tobin David J. Schultz Julie L. Sprau program. Gary L. & Susan C. Tobison Janice H. & Kirk F. Sprunger * With 66 percent Roger J. Schwartz Patricia L. Toenies * Anjali Srivastava participation, the Class of Charles P. Scott Charlaine E. Tolkien & Gary Stamper 2004 set a high standard John R. Searle # Karen E. Hawley James H. & Kari J. Stanway for future classes. “It was William S. & Jane H. Seeley Franklin R. Tomaschko # * Charles W. Stark # thrilling to be on the Sharon A. & * Erik M. Torgerson Charles E. & Jean M. Stark Leadership Committee,” Stephen A. Segal * * Anthony M. Torkelson * Mark F. Steen Gabriel recalls, noting that Daniel T. & Carol J. Segersin * Timothy V. Tousignant Mary T. Steiner the campaign’s success David A. Seidel * Michael P. Townley David J. Steingart stemmed from the Ronald A. & Susan E. Seim Jessica A. Traeger-Link & Suzette M. Steppe # Joshua Link committee’s targeting of James A. Senn Gary H. & Mary K. Stern Jill N. & John C. Trautz each Full-Time MBA Donald A. Severson William R. Sevold Kennith S. Stevens Cheryl & James B. Treleaven student. The campaign, Scott P. Stevenson Vivian M. Trembley which ran from December Allison L. Shada Richard C. Shannon Susan Stocks-Michael * Tracy R. Trembley 2003 through * John P. & Charles H. & Robert E. & Mary C. Trerise * commencement, was Lois D. Stoddard Kelly Stevens Shasky * * Andrei Trocan worthwhile. “It was Patrick T. & Sandra D. Stone Robert E. & Laree Shebeck * * Tres C. Tronvold important to give back, John B. Stone Mary E. Sheeran Teresa J. Tschida * Karin L. Stone after I had gotten so much William K. Sheffield # Peg M. Tschida * out of the Carlson School,” Jeffrey J. Shelstad Anne P. & Keizaburo Tsuji * Bradley J. Stoneberg he says. “It was my Michael G. Sher James R. Tuitt Eric J. Storhaug opportunity to make a Patrick E. & * Robert J. & Susan L. Shields + Mary L. & Cynthia L. Turkington difference and support William R. Stotts # Terry E. Shima * Joanne H. & Kent R. Turner # future MBA graduates.” * Kurt L. Strand Jonathan Y. Shindo * Roy E. Tuttle * Phyllis A. Stratman Barbara George M. Shortley Caryl E. Twitchell Daniel J. Streeter Joseph J. & Patricia Sias Nancy Tyra-Lukens Patricia & Robert W. Stanley L. Sieberg Strickland Barbara A. & Vernon F. * Umholtz John T. Siegfried James D. & Desiree S. Strom * Ronald A. Ungerman Linda & Robert G. Siekert Ted L. Stromberg * Gerald J. Urban Kathleen A. Sigman Bonnie D. Sullivan John A. & Gabriel Craig S. & Mary T. Siiro Patrick J. Sullivan Garcia Michael J. Sikkink Jennifer L. Urbanski James D. Sundberg Suzanne S. Ursu

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Edward C. Usset & Jenny W. Wilson Mary E. McGrory-Usset Michael J. Wilwerding John F. Utley Gary J. Windels Mark H. & Jane E. & Arthur J. Windmeier Margaret A. Vacura * Lori A. Windschitl * Warren D. Vala * Robert M. Wiseman Thomas M. Valois * James V. Wittich * Barbara L. Van Loenen Walter R. Wittmer John P. Vanderheyden Michael J. Wittry Mark D. Vaupel * Becky J. Woelfel Avanish Vellanki Susan T. & Gregory J. Wolf Paul J. & Mary R. Vetter * Warren D. Wollenberg Ronald D. Visness Linda W. Woo * Virginia M. & Mary A. & Maynard E. Wood Edward F. Vizard Thomas R. Woodruff Kathleen L. Voge * Timothy S. Woolheater James B. & Ruthanne Vos Roger E. Worm Donald R. Voss Robert A. Wright & David C. Wagner * Lloydeen M. Hoida-Wright Debra A. & Robert W. Waldron Donghoon Yang Lyle T. Walker # Bryan V. Yeh Matthew D. & Dannielle S. & Nancy B. Waller * Thomas W. Yoemans Leo J. Wallis * Anthony L. Youga * William P. Walsh * Loran C. Young Louise J. Walton James S. Young Clockwise from left: Rich Opitz Jr., Rich Opitz, Suzanne Opitz, Richard H. Walz Richard E. Young Joanna Opitz, and Bruce Richard Helen M. Wang David A. Youngquist * John C. Wangaard Mark J. Yuccas All in the Family James P. Wangen Richard L. Zabel Andy M. & Cathy Wangstad Fredrick D. Zahn The Opitzes and Bruce Richard share common Richard L. Ward Mahmood A. Zaidi & bonds—family and the Carlson School. David T. Warford Ingrid Werk Leland J. Warner # This fall, Joanna Opitz began her freshman year at Barbara J. Zeches-Rudolph # * David C. Wasdahl Edward L. Zeman the Carlson School. She joined her older brother, Jerilyn D. & John T. Waters * Steven R. & Joanne M. Zenz * Rich Opitz, Carlson School class of 2007, and Loranda D. & Robert D. Bernie Zeruhn followed in the footsteps of her cousin Tony Watson * Wei Zhao Crisman, ’00 BSB. But that’s not all—her mother John C. Watson Mary E. Zimmer and grandfather are Carlson School graduates as James M. Weber Susan J. & David L. Zuelke well. Michelle J. Weber Dwight J. Zulauf Back in 1963, the GI Bill helped Bruce Richard Martha A. Webster + Donald J. Zurbay earn his degree from the Carlson School. Working Susan G. Weinberg * by day, he found the school’s lessons to be Hilbert S. Weiner # Up to $100 practical to his career. He even commuted from a Suzanne K. Weingartner Paul J. & Patricia A. Aanes Terry L. Weinstein job in North Dakota to complete his studies. “I Lin M. Aanonsen enjoyed it,” he recalls. Juliet A. & Jeffery M. Weirens Mark J. Absey His daughter Suzanne Opitz, ’76 BSB, cherishes Joseph O. & James E. & Dorothy L. Abts memories of Gopher football games and spending Margaret J. Weissenborn Jeffrey C. Adamson Darryl C. & Janet 0. Weivoda John D. & time on the West Bank as her father completed his Margaret M. Wesenberg Martha D. Adamson # studies. Perhaps it was natural that she in turn Richard W. Weyrauch # Dawn E. Addy would attend the Carlson School. These days, both Gary Whicker Julie A. Ademe Bruce and Suzanne are annual benefactors of the John F. White Sarah J. Adolphson Carlson School. Bruce is also involved in the Warren M. White Marcia L. Agee Carlson School’s Center for Entrepreneurial William T. Whitely Aziz M. Ahsan Studies. Richard A. & Leo W. & When she accompanied her children on Barbara L. Whiting Phyllis B. Ahsenmacher PHOTOGRAPH BY SHEILA RYAN campus tours, Suzanne was struck by the Jean E. Wicks Allison Aichele University’s continuing commitment to William R. & Anne Wight # Jeremiah J. Albrecht Margaret L. & Duane D. Wiita improvement. The opportunities offered by the * Jeffrey S. & Amy B. Alch Carlson School for study-abroad programs and Guy R. Wikman Roger P. Allen internships impressed her, too. “Carlson was a Gail A. & Seth F. Williams John S. & Marjorie V. Allen number-one choice if our children could get in,” Glen L. Williams Andrews Allen # says Suzanne’s husband, Rich. “When it turned out Jacqueline R. Williams-Roll * John E. Almquist Michael J. Wilm John M. Alton they were both accepted, the decision was pretty Karin A. Wilmes * Robert J. Amott much made.”

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David M. Amundson Catherine A. Bates Edward L. Blegen Steven D. Bunde David C. & Julie A. Anderholm Donald G. & Naren C. Bauer Robert A. Blomberg Maren C. & John S. Bunderson Laura E. Anders Bonita J. Bauer David A. Bloom James K. Bunin Gregory R. Anderson Gregory B. Baugh Terry J. Blount Debra J. Burchett Mary E. Anderson Douglas R. Baumann Nathan M. Bode Michelle M. & Garey E. Burditt Bruce D. Anderson Thomas G. Baumgartner Karen A. & David G. Robert L. & Mary K. Burfeind Charles K. Anderson Todd J. Baumgartner Bodenbender Deborah L. Burgess Theodore S. Anderson # Andrew J. Beach Sylvester H. & Sharon K. Kathleen M. & John C. Burke * Boeckman # William E. Anderson * Harold H. Beach Caroline F. Burley William S. & Jeanne M. Beach Cheri L. Boehme Randall E. & Sue Burmeister Eric L. Boertje Kathryn M. Anderson * Terri L. Beaudin Rebecca M. Burnside Georgia M. & Timothy P. Becchetti Gregory W. Boettner & Bret L. Burquest Kimberly A. Johnson Leland J. Anderson Gerald J. Beck Renee R. & Harold H. Burrows * James R. Bogard # Cynthia L. & James A. Becker Paul B. Bury Terrence K. Anderson Loren R. & Barbara J. Bogen Mary T. Beck-Johnson Lynne A. Bushlack Robert J. & Linda L. Anderson Jan J. & Gary A. Bohline Lynn H. Becklin Diane E. Buswell Donna B. Anderson Milton R. Bohn Timothy C. & Robert D. Buth Cornell J. Anderson Kip Boie Sara I. Beckstrand Michelle D. Butz Barton L. & Bonnie Anderson Charles & Gail M. Bolger * Mark L. Beese Kathryn A. & John E. Byrne Mary M. Anderson Wesley R. Bonewell Richard L. Begin Susan M. & John M. Byrnes Margaret J. & Jon C. Anderson Katherine A. Bonneville James W. Begun Nancy J. & Curtis C. Cameron Claudia R. & Bernard W. Stuart J. & Diane A. Bonniwell Melissa J. Behles Brenna B. Campbell Anderson Kevin C. Bornholtz Richard H. Belisle # Sila D. Cansever Patricia F. & J R. Anderson Sonja S. Bornus David M. Belseth * Andrew C. Capistrant Lowell A. Anderson Susan C. Bosshardt Daniel L. Ben-Asher Tom R. & James F. & Joseph R. Bothwell Georgene L. Angrist Pamela R. & Melissa A. Carbonneau Theodore P. Benson # Bruce C. Bourdon Gayle J. Appelbaum Nora M. Carey Patricia L. & Kendall L. Benson Richard N. Bourgon Anne M. Arendt Thomas H. Carland Steven B. Benson & Teri L. Ova Kathy L. Boyer James M. Armbrust Christopher J. & Michele & Eugene D. Benting Shawn M. Boyne Suzanne M. Carleo Craig D. Armstrong * Jeffrey P. Bentler Daniel W. Brady Eric J. Carlson Robert W. Arndt Perry A. Berg Larry J. Brandts Dean B. & Amy Y. Carlson William T. & Gaile Arnold * Jeffrey D. Berger Delina A. Brassard Steven D. Carlson Tammy R. Arntson Martin D. & Sheila D. Berger Timothy L. Bratland Steve C. Carlson Benjamin S. Arriola * Richard B. Berger Thomas R. Brekke Martha J. Carlson Tyler D. Artz * Bruce A. Bergley Mark Bremer Keith W. Carlson John M. Asturias Marianne L. & Marie A. Brenden Patricia J. Carlson Thomas N. Atlas Robert A. Berkopec James R. & Janet G. Bricher # Luverne S. Carlson Charisse M. & Fred Atton Frances S. & Harry Bernat # Robert D. & Susan M. Brickley Leanne M. Carlson Peter A. Atwood * Michael A. & Dawn M. Bernatz Bruce C. & Paulette Briese Lisa M. Carlson Ivar H. & Lois Awes Gary L. Berndt Gale E. Brothers Kathleen A. Carmody Ulla F. Axelson Alan E. Bernick Christopher J. Brown Kirsten A. Carolin Nadine M. Babu Steven M. Bernstein Richard O. Brown George M. Carrizales Richard L. Bach Lail Beste-Michelson & Robert J. Brown Shannon M. Carson Dean E. Bachmeier David R. Michelson Lawrence L. Brown Heather A. Casperson Debra J. Backowski Laura E. Bethke David E. Brown Amy C. & Greg L. Caucutt Mark W. Baier Julie & Thomas J. Betti David W. Brown Paul K. & Stephanie D. Cavanor Mary A. Bailey Gary R. Bezucha Daniel P. Brown Paula R. Cayemberg William H. Bailey Jane E. Bienapfl Alan G. Browne Jack S. & Elizabeth J. Bridget L. Baird Evelyn M. Bill Bennett G. Brudevold # Cedarleaf Scott R. Balke Robert J. Birk John R. Bruellman Christer C. & Annette & Eric M. Baltes Bruce K. Birnberg Susan M. Bruley Laurel E. Cederberg Donald E. Baltus Paul J. Bischel James E. Brunner Timothy G. & Lynn B. Barney # Susan A. Bishop Richard L. Bruyette Marsha A. Celusta Mary L. & Thomas J. Barnidge Theodore R. Bjork John J. Bryant Richard T. & Sarah W. Chamberlain James L. Barrett Eric L. Bjorklund James L. Buchholz Dennis R. Champion Thomas J. Barry Duane H. Bjorlin Thomas W. & Paula J. Buchner Warren B. Chapin Douglas K. & Alison L. Blackowiak Kathryn G. Buckley Rosemary J. Barry Gary R. & Sharon L. Charles Timothy P. Blahnik John W. & Gwendolen B. Budd Michael P. & Kathleen M. Barth Robert S. & Darlene J. Charles Jessica M. Blair Jeffrey G. Budde Jerry E. Bartlett Joseph G. Charlton H. Michael M. & Stephanie L. Virginia J. Buenviaje Ryan Basballe * Shawn M. & Blair Kurt H. Buerger Brent A. Batchelor Sarah B. Cheesman Jay K. Blakeborough John M. Buettner William K. Batcher Howard M. Chetek William R. Blanding Conrad M. Buhr

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Thomas J. Chizek & Paul A. Dorsey Undergraduate Mentor Kristin A. Kooda-Chizek David L. Doty Charles B. Christensen Gerald D. Douglas Mort Silverman takes an interest in helping Steven M. Christenson John P. Douglass undergrads thrive. Thomas E. Clemens # Kelley N. Drager Ross A. Clements Christopher L. Drahn “Don’t be a cynic,” advises Mort Silverman, ’58 BSB. Curtis A. Cleveland # James M. Dropp “Be a skeptic.” James D. Coakley & Richard M. Du Bois Mort charges his protégés to look deep, to find Margit A. Kindel Lance D. Du Chateau conflicts of interest, and to pay attention to the ethics Patrick M. Coleman Sallie A. Duerr issues that lie at the heart of business. Ann Collins James C. Durda Each October, more than 200 executives and Nicholas T. Combs Marilyn H. Duxbury professionals commit to mentoring a Carlson School Jill L. Conda Bruce M. Dvorak sophomore, junior, or senior for six months—long Catherine & Chad S. Conner Ronald L. Dykstra enough to forge a bond that, in some cases, can last Micah T. Cook Timothy A. Dymacek far beyond the end of the program. Volunteers Kristen M. Copham Dwight A. & mentor undergraduates with valuable insights and Jeffrey J. Cordes Christine A. Dyrud # Barbara A. Corniea guidance that helps the students to develop as Susanne P. Earl professionals. The mentors also advise on careers, Terrance A. Costello Randall G. Eastland classes, and networking. Scott L. Crisman Dennis F. Eckman Merlin W. Cross Jason L. Edgar Mort makes a point of learning about each student’s interests and priorities. And he takes pains Dorothy G. Crossett Richard E. & Barbara L. Edin # Gisel Crowe-Ring & Barbara A. Edwards to teach them the skills of how to look for lessons in Thomas E. Ring Margot F. & their immediate experience. “If they have a job, I ask Evan R. Curtis Harry W. Edwards # them about their management style,” he notes. Pamela J. Custer Michael S. Egan Mort shares a key tip with each student: “Take as David R. Dahl Barbara L. Ego much accounting as you can,” he says, adding that David C. Dahl Randall G. & Julie M. Eidem while the subject matter is challenging, the rewards in Keith T. Dahlen Julie A. Eiden professional life are worth it. He also steers his Danielle C. Dahlstrom Michael A. Eierman protégés toward the cultural experiences available in Terrence R. Daily Susan C. Einess the Twin Cities. John R. Dalsveen Barbara E. Eitel Not surprisingly, Mort has been called the “ultimate Vincent P. Dam & Mui T. Ly Brett D. Elford mentor.” A professional advisor to the Carlson Funds Hiroko Dancheck Dorothy A. Elion & Enterprise—a key part of the Full-Time MBA Douglas C. Daniels Kenneth G. Baltes program—he also mentors undergraduates. William V. Davidson Shawn W. Elison * Michael J. Davis Laura E. Elletson Mort attended the Carlson School as an Patricia A. Dawson Jessica T. Ellickson undergraduate in the company of many Korean War Brenda J. & Kim A. De Geer Leo J. Elm veterans who had already learned responsibility. As Rosaura De La Torre Deanne M. & Glenn M. Elo he puts it, “they were ready to rock and roll.” Barbara M. De Laittre Marie J. Elwood That isn’t the only reason he’s a mentor. Mort Lou C. De Sotel Chad R. Emerson believes that young people should learn to interact Robert J. De Valk Elmer E. & with adults in the business community. The influence Anthony J. Defrance Charlotte M. Emerson of an adult who doesn’t remember him or her as a Gerald J. Degner # Mark J. Emmen child is especially important. Ida M. Demario # Gregory S. Enderle But there’s another reason, and it’s probably the Beverly G. Dempsey Carl F. Engelhardt most important one. “I like the students,” he says Anne E. & David Derfler David J. & simply. Thomas R. & Mary J. Devine Elizabeth A. Engelsgaard # Thomas J. Devine Calvin J. Engelstad Thomas R. Devine Robert M. Englund Thomas N. Devries Joan B. & Tracy A. Engstrand Not Craig A. & Harvey H. Epstein Jessica R. Dexheimer Perry C. Erickson # surprisingly, Kathryn E. Dick Angela M. Erickson Mort has Kenneth G. Dickson Joshua P. Erickson been called Van U. Dierauer # Jonathan G. Erickson the “ultimate PHOTOGRAPH BY LEE PROHOFSKY Walter H. Diers Gary A. Erickson mentor.” Robert E. Diggs Gail M. & Kenneth J. Ericson Arline B. Dimond + David Ernsberger & Mark J. Ditter Colleen A. Wheeler Mort Silverman Tracey L. & Paul L. Dixon James R. Ernst with former John M. Dockerty Jeffrey T. Erpelding mentee Arlene Dockman Carl A. Esterhay * Mike Nelson Mildred M. Doering Joseph W. Ettel Paul A. Dorey Mauri L. & Robert J. Evans Deanna J. Dorogy

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Timothy D. & Charlotte R. Galbraith Sandra L. Evanson Dennis F. & Carole S. Galletta David E. & Linda Evenson Anthony J. Gantenbein & David J. Ewens Sarah F. Reilly Steven E. Fager Richard A. Gardner Donald M. Fahrenkamp George F. Gardner Gregory L. Failor Jean C. Garrick Kurt F. & Linda Falkman # Arthur A. Gebert Terri A. Fanaselle James N. Gehrking Jonathan Farber Loren G. Geller Jennifer Farber Terry L. George Alexander Farkash Danielle M. Geraci Patrick J. Farley John C. Gibson Brian A. Faust Robert M. Giese Dianne S. Fear John H. Gihlstorf Margaret & John G. Feely Stephan B. Gilats Kurt B. Feierabend Paul V. & Julie E. Gilbert John J. Feigal Beverly L. Gillen William W. Fenske Morrison M. Gillet Colleen R. Ferguson Joanne L. & Mark P. Feriancek Robert S. Gillman # Nancy L. Ferreira William H. & Jean M. Gjetson John M. Field Donald E. Glanz Aric L. Fier Larry W. Gleason Nicole M. Fiest Jan P. Gniffke Walter and Janet Johnson Michael J. Finn Diane S. Gobran Christine A. Fisher Nancy M. & Charles J. Fisk Laverne H. Gollnick Legacy Giving Nancy O. & Richard D. Fitts James L. Gondorchin * Chris R. Fitzmorris Leon R. & Walter and Janet Johnson endow a scholarship that Katherine G. Goodrich # Sarah B. Fjelstul Stanley C. Goodsill will support generations of talented scholars. Julie Flaherty * Molly C. Goodson Mary K. & Richard Flammini * “I feel that I had a very good education at the Marc I. Gordon Wallace E. Flatgaard University, which helped me to achieve in Lindsay J. Gorman Sally K. Flattum business,” says Walter Johnson, ’48 BBA. “I also James D. Gorski Ralph T. Flees probably would not have gone to the U had it not Richard W. & Barbara L. Grace Lawrence H. Flynn been for the GI Bill.” William K. Grady Thomas W. Flynn Now Johnson Scholars will have cause to thank Suzanne M. Grausam Elwyn J. Fonk him. A new scholarship, endowed in 2003 by Donna L. Gravesen Nancy A. & Padraic Foran Walter and his wife, Janet, will smooth the path for David C. & Barbara H. Gray Kathryn A. Fosmer Helen L. Gray exceptionally talented young Minnesotans. Alison B. Foss Jerome A. & Elaine Green In addition to their Michael J. Foster David H. Green gratitude to the University, Lisa K. Francis Eric M. Greenfield “I feel that I the Johnsons were Karrie M. Frantz Thomas N. Gregg had a very good inspired by the failure of Michael C. & Carol A. Freda * Dawn G. & Daniel F. Greimel education at one of their nieces to get a Larry E. Fredrickson Nomi F. Grenko scholarship, despite her Ronald L. Freeman the University, Douglas A. Greven outstanding academic Bruce L. & Paula B. Freidson * which helped Kennard E. & record. Theresa J. & Catherine A. Grimm me to achieve Lawrence R. Freund During Walter and John C. Gromek in business.” Richard A. Frieburg Janet’s lifetimes, generous Audrey E. Grzeskowiak Michelle L. Frink annual gifts will contine to James C. Guhl Thomas J. Frishberg fund the scholarship. To Tamara A. Gunderzik Bradley A. & Lori B. Fritz ensure that the scholarship will endure, they have John R. Guptil Robert H. Froseth also endowed it with a Charitable Remainder Brian E. Gustafson Renate V. Fuhrmann Annuity Trust. In short, Walter and Janet will leave Jeanne T. & behind a strong tradition of achievement and Kathleen T. & Russel L. Funk Richard W. Gustafson Bradley J. Furse leadership. Michael J. Gustafson Patrick J. Gahagan John P. Gustavson * Janet L. Galassi # * Edward P. Gwiazdon Scott F. & Jane S. Haakenstad

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Rebecca J. Haapanen * Joyce & James O. Hedeen Roberta A. Iversrud Gregory M. Kask Brett C. Habstritt Scott M. & Cynthia L. Hedlund Scott A. & Sheri Jackson Margaret M. Kasper Carol E. Habstritt Eric H. Hedman * Thomas J. Jacobowski Judith D. Kassa George D. Hadjiyanis Daniel L. & Ruby D. Heiden Erwin T. Jacobson Leyla M. Kassem Mary A. & Christian R. James R. Heintz # Larry A. Jaehnert Alan J. Katzenmaier Hafstead Ronald S. Heinz Douglas G. & Cynthia R. Jahns James T. Kaufman Jeffrey A. Hagen Debra A. Heinzel # Daniel Jaimes John G. & Mary A. Kavanagh Terri L. Hagen Elizabeth S. & Steven J. Helgen Lynn W. James Stacey A. Kearin Steven G. Haglund Jay D. Hempe Sadhana B. Jani Beatrice A. Kearney Nikolas D. Halatsis & Caroline A. Henderson Mary L. Jansen Kala J. Keefe Tamara Petrac-Halatsis Linda L. Henderson Marguerite C. Jarvis Richard J. Keintz John G. & Barbara A. Elayne R. Hengler Diane L. John Frederick H. Kela Halbmaier Ann M. & Jean G. Johnson Kevin Kelbel Kermit W. Halden Alan A. Henningsgaard Brett B. Johnson # Zachary A. Keller Kenneth M. Hall John E. Hensel Cheryl L. Johnson Jane E. Kelley Marshall J. Hallock Janice E. & Paul W. Hensel Ronald B. Johnson Joanne A. & Victor W. Kellner Harlan E. & Barbara J. Hallquist Jerry A. & Deborah J. Herby Craig A. & Nancy L. Johnson Amy L. & Raymond Kelly Forrest S. & Angela Hallstrom * Natalia Hernandez-Rivas Robin L. Johnson Brian T. Kelly Jean J. Halvorson Dawn M. Hespenheide Gregg A. Johnson Ronald I. & Rita M. Kelner Beth A. & Lois E. Hesselroth Gregory D. Halvorson Gerald R. & Marilyn R. & Jack Kemme Dale J. & Ruth A. Hetland Stephanie J. Johnson Richard W. Halvorson Bruce D. & James M. Heurung Todd H. Johnson Lauralynn J. Kemper Marian M. & Lee C. Hamilton Marvin L. Heyer Joan C. & Stuart E. Johnson Grant P. & Maureen Kennedy Bradley A. & Elizabeth A. Hamilton Karla B. Hiedeman Susan K. & Lowell W. Johnson Jolene M. & Joel D. Kennedy Thomas B. Hammer Karen H. Highness Steven R. Johnson Joseph D. Kenyon # Norman J. Hammergren Amy L. Hillman Janice S. Johnson # * Gregory P. Keran Todd D. Hamre Shelley G. Hines Michael D. Johnson Jon P. Kerrick Mark D. Haney Steven J. Hintz Timothy A. Johnson Anne M. Kersten Patricia J. & Marvin E. Hannon Patrick J. Hodapp Craig M. & Lu Anne R. Johnson Peter A. Kessenich Gordon E. Hansen Christie L. Hoffman Carol P. Johnson John R. Kidney Kathleen D. & David G. Hansen Lisa A. Hoffman Michael D. Johnson Beverly J. Kile Paul D. Hanson Peter G. Hoffman Andrew O. & Douglas L. Kimble Brenda S. Johnson Donald J. & Rosemarie & Dennis J. Hogan Susan K. Kimmel Francisca G. Hanson Robert A. & Stephan R. Johnson Brian J. Kinder # Katherine A. Hanson Blandine A. Hogan * Mary T. & Scott D. Johnson Paula J. King Gerald B. & Elaine A. Hanson Alan Hogg Melissa S. Johnson Eric A. & Bethany R. Kinsella Mark R. Hanson John F. Holewa Weston S. Johnson Joseph P. Kiolbasa David A. Hanson Charles C. Holley Ruth C. Johnson Paul W. Kirchgasler Christopher R. & Christian A. Holm Amy M. Johnson-Pierce Sylvia M. & Penny T. Harbaugh Thomas H. & Rita L. & John A. Johnston Gerhardt P. Kirchmann Joseph M. Harbinson Carolyn S. Holmes David W. & Laurie J. Kirsch Douglas F. Harbrecht Howard J. Hope Kathleen Q. Johnston Stephanie S. & George W. Hardgrove Jonathan P. & Susan J. Horick Susan M. Jones Joseph P. Kissenberth Cynthia L. Hardman Hertha & Bertrand Horwitz Todd S. Jones Marjorie S. Kitson Richard A. Hare Nicholas J. Houle Gordon R. Jones David W. Kleist Robert H. & Robert W. & Ann Y. House Kenneth P. Jones Gerald O. Kleven Barbara B. Harmon James P. Howard C. R. & Merryalice M. Jones Shelley M. Klevos Antoinette D. Harms Kim M. Hubertus Mary J. & C D. Jones Sandra K. Klinkowitz Donald A. Harms Darlene M. Hueser Myron J. Jordahl Andria J. Klucas Thomas W. & Susan J. Harold Randy L. Hugen Cynthia A. Joyce David R. Klym Christine A. Harrigan Kimberly D. Hughes Kerry J. Juntti Heidi Knatterud Thom Kelly T. Harrison Robin M. Hulbert Meredith C. Jurek Mariel J. & Robert H. Knoch # John R. Hart Craig R. Hultgren Jeffrey S. Jurgella Chery E. Knudson Jeffrey T. Hart John P. Humbert Brad A. Kadrie Curtis A. Knutson John P. & Nancy K. Harvat Thomas G. Humlicek Kimberly M. Kahat * Kern B. Knutson Jennifer M. Haslerud Thomas F. Humphrey Margaret A. & Larry G. Kahler Dean K. & Arlene A. Knutson David J. & Cynthia A. Haugen Robert L. Hunegs Naomi R. Kahn-Ramliden & Michael H. Knutson * Joan A. & Hugh E. Hawkins James L. Hunt Kent T. Ramliden Stasia L. Ko Deanna R. Hawkins Mark S. Hussian Petrea H. Kaldahl Klein Linda L. Koblick Keith J. Kalenda William D. Haydon Nicholas M. Hyser Lorraine A. Kocen * Kenneth F. & John L. Ibele & Bruce I. Kalmoe Richard C. & Lois J. Koch Maureen A. Hayes Monica A. McNaughton Bonnie & Richard D. Kampa Sheri T. Koch Patrick W. Hayes Amy L. Ihrke Wendy S. Kane Craig G. Kochsiek Sheila M. Hayes * Paul R. Inman Lori A. Kangas John E. Koci Howard C. & Sharon K. Healey Joanne M. Isdahl David G. Kapanke John M. & Nancy Kolacke John A. Healy Lorrie J. Iverson Michael R. Kaplan Michael T. Koller Ralph A. Heasley Glenn Iverson Mari C. Kask Matthew Kolling

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Brett J. Kondes John A. Lende Margery G. & Matthew E. Kopyar Patrick J. & Torrey Lenertz Michael H. Makredes * James W. Kosiak Gary S. & Maureen Lepage Lori S. Maloney Danny J. Kostecki William C. Lessard Patrick A. Mann Joseph A. Kothe Meg M. Leszko David C. & Susan M. Kottom Barry K. Levins Leanne C. Manning Robert J. Kovall Thomas J. Lewis Mary L. Manske Kathleen B. & Richard L. & Philip C. Manz Steven F. Kraemer Charlene E. Lewis Teresa J. Marchek Tsilya & Izya Krampf S. T. Lewis Ed J. & Susan J. Marek Randy J. Marquette Sally J. Kraske Fuping Li * Patricia J. Krause Edward S. Libby Timothy J. Martin Tiffany Meier Paul J. Martin Joe E. & M C. Krause * Bruce Lieberman Roger C. & Joan M. Krejci # Melvin P. Lijsing Timothy J. Martin All in a Day’s Daniel A. Kremer Jonathan J. Lindahl Ellen M. Marxen Work Kim M. Kritzberger Craig A. Lindberg Dennis L. Mashuga & Joseph D. Krueger Marcy & Ray J. Lindquist Carol Atchley-Mashuga Tiffany Meier joins Michael P. Kubas Glenn E. Lindqvist Mark L. Masuda Michael S. Mata General Mills to cultivate Douglas J. Kuhel Thomas C. Linge Pramod Pralhad Kulkarni Karen B. Linnard John S. Mathias Carlson School talent. Jayne E. Kurpius Laurie J. Linnes-Bagley Dianne M. Matko “The corporate fellowship Deborah A. Kvaal Jianjun Liu Dana N. Mattingly and opportunity to get Martin J. & Tanya M. Kvam Elizabeth A. Lively Ronald F. & Mary E. Mattson Suzanne W. & William A. Kvas Helen O. & John H. Livingston Deborah J. & experience while in school Douglas Matuska Hilary A. Laihinen James P. Loaney # were the reasons that I Thomas P. Maun Rebecca A. Lakeman Linda C. Lockard chose the Carlson School,” John L. Mavers Anil Lal Gerald E. Lockhart recalls Tiffany Meier, ’01 James I. & Margaret A. May Cynthia A. Lamb Jodi C. Lockwood MA-HRIR. She’s convinced * Steven K. & Susan A. Mayer Timothy J. Lambrecht Todd R. Loewenstein that the University of E. Allen Mazorol John T. Lamers Owen G. Lokken Minnesota has one of the Sylvia McAlpine # Theresa M. Lampe James A. Long best human resources Dorothy J. McBride Teresa A. Lamprech Cedric M. Long # programs in the country. James M. McCarthy Timothy E. Landon Bradley T. Longerbone These days, Tiffany Inez D. & David A. Michael G. Landreville Dennis E. Longnecker works at General Mills, a McChesney # Penny J. Lane Vincent H. Lonnquist Molly Jean McClellan FORTUNE 500 business Jodi A. Lang James C. Loo with strong links to the Michael J. McCue Bruce K. & Phyllis L. Lanske Kristin M. Loosbrock Lori A. McDonald Carlson School. In 2004 Douglas J. Larsen Christine A. Loose alone, General Mills gave to Mary C. & Steven W. Larson Anne F. Losby * David R. McDonald # the Carlson Advantage Thomas A. Larson Vincent D. Louwagie Joy E. & David G. McElroy Scholarship Program, the Gregory P. Larson Karna O. Loyland John & Patricia M. McGinnis Corporate Associates Ann M. Larson Janice F. & Robert N. Lubar John D. McGowan Program, and the Bridge Ronald J. Larson # Gretchen M. Lucking Donald E. & June E. McGrath Builders Program. It also Deborah J. Larson Harold I. Lunde Mary B. McGraw-Peller participated in LEAD, an Pamela C. Lastrilla & Karen B. Lundgren Thomas J. McGuire David C. Gilmer on-campus summer event Lester J. Lundquist Mary L. McIntosh * for high school students. Steven J. Laurent Scott J. Lundquist Pete Mc Kenna In her role at General Gerald L. Laurich * Angela J. Lurie Matthew C. McMillen Mills, Tiffany leads teams of Jeffrey T. Lavake Monica J. Lux Michael A. McShane recruiters, one of which Annmarie R. Lawler Debra A. & Terry A. Lynner Irene F. McAllister regularly visits the Carlson Richard N. Le Blanc Joel P. MacIntosh John W. McCallum Elizabeth J. & Enrique A. Macgregor Michael W. McCarty School to recruit William A. Le Mire Brian D. Machacek Karen E. McClure undergraduate business Steven R. Lebarron Melinda S. Machones Wendy C. McCullough majors. And she helped the Kent A. & Connie M. Lee Randall L. Mader Sherry L. McDonald company provide an Linda J. & James A. Lee Thomas H. Madison Helen M. McDonough Industrial Relations Center John P. Lee Gregg G. Madsen Jon A. McGough named internship program. Caroline Y. Lee Judith K. & Stephen J. Mages Kathleen H. & Mark P. McGree Why? As a graduate Susan J. Legros William J. Maguire Jeffrey M. & student, she received an Jeffrey M. Lehn James P. Majkozak & Lisa M. McLaughlin Chad A. Leiding Industrial Relations Center Raedean M. Walby * Ian L. McRoberts named internship with Susan E. Lein Ray L. Makepeace Peter D. & Patricia R. Medchill SUPERVALU, and credits it Charles P. Lemke # Jason A. Medin with teaching her skills that prepared her for the business world. Benefactors whose gifts were matched are indicated by a (*) symbol. However, if your gift was not matched within the fiscal year, it will be noted in next year’s publication. Those who have contributed for 10 consecutive years are denoted by a (#) symbol. Members of the Presidents Club are indicated with a (+)symbol.

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John P. Medved Susan G. & John T. Murakami Mary E. Mee Tricia L. Murphy David M. Meier Michael T. & Rachel E. Meierant Stephanie L. Murray Elizabeth K. & Richard H. Musser & Robert L. Melamed Diane J. Miller Doris L. Myers Tamara M. Menhardt * Marvin L. & Donald M. & Cynthia A. Menken Kathleen W. Nadreau Brian J. Mensink Elden T. Nakamura Jill M. Merriam William D. Nance Stephen J. Merriman Lindsay B. Nauen Gayle E. Merritt Ryan L. & Marisa Nebeker James L. Merthan Dean I. Nelsestuen Albert J. Merz Becca M. Nelson Joseph L. Messner Gary R. Nelson Karl H. Mettke Scott A. & Jayne E. Nelson Benjamin S. Metzler Judd B. Nelson & Prudence S. & Kathleen K. Brown Raymond F. Meyer Kenneth J. Nelson Gregory A. & Stewart R. Nelson Ruth A. Michnay Jeanette M. Nelson Todd E. Millam Meredith A. Nelson Brian M. Miller Jennifer K. & John P. Nevison Scott D. Miller Margrette N. Newhouse Leonard F. Miller * Debra S. Newman Franklin T. Miller Thomas J. Newville Jim Dahl (second from right) with LEAD participants. Rose E. & Sheldon M. Miller # Kevin K. Ng Gordon G. Miller Melville V. Nguyen Robert L. Minton Anthony Q. Nguyen Paula Mitchell Richard W. Nicholson Super Givers—SUPERVALU Monica Mittal Ronald J. Nida and LEAD Andy Mobley & Loretta M. Carole L. Nielsen Kimmet-Mobley Corporate sponsors fuel dynamic summer institute. * Gregory D. Niemela * Carol J. Moe Joseph W. Niemi Each summer, the Carlson School is one of 11 James A. Moe Michael C. Niles hosts of the LEAD (Leadership, Education, and Jeffrey P. & Karen A. Moen Cheryl A. Niska Development) Summer Business Institute. Jonathan M. Moerschel Scott A. Nord Thanks to corporate funding from David J. Moes Bryan L. Norris * SUPERVALU and other Fortune 500 Greg A. & Lance A. & Lisa L. Novak companies, the Carlson School is host to this Kristine A. Mohwinkel Robert T. Noyes Jamie D. & Kim T. Mollberg nationwide effort to attract talented students Srinivas S. Nutakki from groups traditionally underrepresented in Barry T. & Jeannine M. John W. Nylen Momchilovich # business careers. Kristin & Eric J. Nyquist Andrew T. Monson Executives join with Carlson School staff Gary E. & Judith Oakins Thomas M. & and faculty to work with the students on a Roy R. Oberhamer Louise M. Montague # three-week program. Recently, SUPERVALU James E. Moore William J. O’Brien # Karin P. O’Brien executives Irene Pullen and Jim Dahl spoke on Meredith C. Moore & a variety of subjects, including business Steve Rabbe Patrick G. O’Brien Joseph H. Moore Peggy E. O’Brien-Prall etiquette, successful interviewing, and the Christopher J. Moore Eileen J. O’Byrne business of SUPERVALU. They also Nadine M. Morbete-Sterba Michael L. O’Day coordinated a tour of Twin Cities-area stores Jon D. Morem Darla T. O’Donnell to compare demographic and merchandising Elizabeth B. & Pamela E. Oeffler strategies. Students analyzed data with Frederick J. Morlock Mark Ohm SUPERVALU category managers to predict Carole R. Mornes Karim E. Oliart the success of a new product launch in Christine L. Mraz Robert W. Olmen SUPERVALU stores. The students will receive Francis E. Muelken Peter J. Olmscheid their results in the mail, after the real-world Kurt F. Mueller Shelley C. Olsen debut. Kimberly K. Mueller Timothy H. & Patricia R. Olson LEAD provides life lessons as well as Jeffrey L. Muench Susan J. Olson business lessons. Dahl also introduced the Robert J. Muir Steven A. Olson students to the Myers-Briggs personality test. Thomas M. Mullen Kathleen A. & This so captured their interest that one Douglas K. Olson Agnes & Patrick M. Mulvihill * student’s mother was prompted to write a Lori M. Olson Barbara H. Mund note thanking Dahl for broadening her son’s Melissa J. Munsch Spencer A. Olson appreciation of other people’s personalities. Mark D. Munson Jeffrey A. Olson

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Jennifer A. Pelant Warren P. Quarnstrom # Gary M. & Marion J. Pelletier Ann Quinlan-Smith Cindy L. Pennoyer C. L. & Karen E. Quinn Daniel J. Peot Joseph B. Raab Lisa H. Perkett Christine L. Radke Jon G. Perkins Daniel R. Radunz Gary L. Peterman Mary B. Rafferty Paula M. Peters Richard J. Rainer Gary R. Peterson Raghu & Chitra Ramen Susan J. Peterson Kevin R. Ramey Robert J. Peterson Meera M. Rao Todd A. Peterson Amy C. Rapacz Ronald G. & Margaret Meg Rapheal Peterson Yvonne & Earl F. Rasmussen Russell Peterson Gwyn E. & Dennis E. Peterson Gregory R. Rasmussen John D. Peterson Patricia L. Redding Kathleen M. Peterson James F. Redeske Steven D. Peterson Francesco Redivo Carlson School Dean Larry Roger J. Peterson Robert M. Redmond D. E. & Shirley Olson Benveniste (left) with Lee Marlene V. Peterson Susan K. Reed Robert G. Olson Kopp (center) and recipients of Colleen P. Peterson Vicki L. Reese James R. Olson the Kopp Investment Advisors Carolyn J. Peterson Jon L. Rehfeld Marvin M. Olson * Scholarship. Juanita A. & Keith A. Louis J. Reid Dale R. Olson Peterson Randy M. Reimer Betty A. & Leonard F. Olson The Importance Nick C. & Carole A. Peterson William E. Reis Jane L. O’Malley Joan W. & John N. Petroff Joseph G. Reischel of Being Honest Sybil A. & Tom Ona * John N. Petropoulos * Deena M. Reisman Carren K. Ondara Lee and Barbara Kopp Blanche D. & Joan S. & Donnell T. Reither Kingsley R. Ondich Richard W. Petterssen Patricia J. Reller & inspire students to develop Mary Beth Onkka Amy E. Philipps Joseph M. Kalaidis strong values. Anne Opila Rebecca L. Picatoste Glenn L. & Margene Reno “Without integrity, what Bret M. Orth Beth M. Pickering David A. Reschetz do you have?” asks Lee Jill M. Ostrom Gregory R. Pickert Karen S. & Richard K. Ottem Kopp, ’56 BSB, founder, Annette M. Pieper Michael J. Rhodes * Miles W. & Joan Ottinger # Thomas A. Pieri Kelly M. Rhodes chair, and CEO of Kopp Robert J. & Kari Owens David A. Pierson Mark A. Ribich Investment Advisors. Daniel C. Owens Gerald L. Pietz James H. Rice & “One’s reputation is so Lynn M. Oyanagi * Benjamin D. Pilgrim Karen K. Kosier critical. If you can stand Edward O. & Pauline J. Pagel Kerri L. Podewell Roy & Mary C. Richardson out in terms of integrity, George A. Pagels Thomas W. Poeschl Nancy A. Richardson people appreciate that— Daniel P. & Andrea Pahos David E. Polansky & Mark S. Richheimer especially in this part of Terrence J. & Jeanne M. Sharon R. Schwartz Jason P. Richter the world. Palmer John T. Polzer Daniel C. Rickel “It’s easy to destroy a Kim W. Palmer Joseph A. Polzin Hilke S. Riechardt-Martinez * reputation, but it takes a James E. Palodichuk Lisa K. Pope Martha L. & Allan J. Riel long time to build one,” he Gao Feng Pan William F. Poppe Kim M. Riemer adds, pointing out that James D. Paquin Margaret L. Porcher Janet R. & Dale T. Riley recent scandals in the Bryn C. Parchman Julie A. Porter Gail S. Ring world of investing have Paul W. Parker # Paul E. Portz Donald D. Ritt enhanced the value of a Jeanne F. Parker # Arthur L. Pratt Barbara L. Ritzen good reputation. Emmitt L. & Peggie B. Parks Jennifer D. Presnell Grant W. Robbins * Through the Kopp Kenneth M. Pascutoi Jacqueline M. Preusse Barbara J. Robbins * Wayne D. Paske # Family Foundation and David G. Price Anne C. Robbins Hammond Mark L. Patzloff # Aaron M. Price Harold A. Roberts corporate giving, Lee and Jeffrey R. Paul Klaus A. Proehl # Janet K. & John D. Roberts his wife, Barbara, have James P. & Jeannie M. Paulos Mary C. Provo Philip D. Roberts invested about $34 million Jeffrey L. Pearson Bruce D. Pudvah John D. Robinson in charitable gifts since Roger F. & Leota L. Pearson John P. Purcell * Michael L. & 1986. Their philanthropic Keith H. Pedersen Mary Ruth W. Purdham Kelly A. Robinson gifts include the Carlson Karen K. Pedersen Rajaish Puri Gregory J. Robinson School’s Emerging Nicholas J. Pedretti Dale M. Putnam Roxanne M. Rockvam Leaders Program and the Tammy R. Peet-Sass Terry A. Quam # Marie T. & Daniel F. Rode Kopp Investment Advisors Lawrence N. Roden Scholarship.

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Catherine A. Roeder Thomas L. & Christopher A. Sheldon Real World, Gary W. Roettger Kathryn A. Schlick Douglas J. Shellum Chester S. & Helen B. Rog Frank & Janelle D. Schlick Patricia & Warren W. Shepley Real Right Cyril C. & Gloria M. Rogers Douglas F. Schmid Dawn M. Sheppard Timothy S. Roggenkamp Colleen M. Schmid Thomas G. Sherman Dave Ring brings career James R. Rohrman Philip G. & Philip G. Schmidt Philip W. Sherry experiences to bear as a Robin S. & Jeffrey L. Roland Julie A. Schmidt David L. Shroyer Carlson School volunteer. Ellen R. & Aron Rolnitzky # Marjorie E. Schmit Frederick L. & Sheila K. “I want to see the Carlson James H. Ronald Steven D. Schmitt Shusterich Karen E. Ropp Jeffrey T. Schmitz Margaret A. Sibbet School thrive,” says Dave Lawrence R. Roppe Charles E. Schneider Jamie L. Sibley Ring, ’83 BSB, of his Gary L. Rose Charles F. & Louise A. Sicard contributions to the Thomas J. Rose Theresa A. Schneider Dianne & Leighton G. Siegel school. He serves as an Diane & James D. Rose Karen M. Schoenebeck Darrell D. Sigfridson undergraduate mentor, Robert C. Rosen Richard A. Schoenthaler Leticia R. Silva makes philanthropic Sam M. Rosen Jeffrey R. Scholz # Jay H. & Ann M. Silver investments, and Dawn M. Rosenthal Mark F. Scholz Julie A. Silverman volunteers with the MBA Jean M. Roskam Wilma K. Schopp Bradley L. Simenson program. Darren L. Roslansky Floyd C. Schraan Mark L. Simenstad Why? In part, he’s Andrew D. & Chris D. Schreier Karen M. & Paul S. Simons inspired by the class that Jill A. Schroeder Adrienne D. Ross * Kenneth R. Singleton he most valued as an Donald S. & Peg Roth Mary L. Schroeder Audrey E. & Harvey E. Skaar undergraduate, the final William G. Rothstein Claren L. & Jennifer L. Skinner Donald G. Schroeder strategy and policy course, Kenneth J. Roufs John T. Skovran which made use of Craig S. Roy Lori L. & David J. Schug * Lynne & John P. Skram Thomas H. Schultz Professor Blaine Cooke’s Ruth J. Rubio Wendy R. Slagter real-world business Stephen W. Ruffing Tara M. & David Schultz Thomas B. Sletten experience at major John M. Rumley Daniel D. Schulz & Keith B. & Bonita E. Sletten * Carol L. Anderson Michael J. Russell Richard J. Slominski companies. Years later, Paul L. Schumann Michael A. & Tracie D. Russell Gregory A. & memories of the class Raymond J. Schuster Pamela J. Rymer Martha A. Smetana motivate Dave—now CEO William D. & Diana L. Schutter Scott W. Rynda # Sheila M. Smith of a semiconductor Mary M. Schwartz Daniel E. Ryweck George A. & industry equipment firm— Eileen C. Schwarz Michael D. Saarela & Katherine E. Smith in his volunteer work with Sheila L. Shaughnessy David J. Schweer Stuart A. Smith Carlson School students. Esther E. Saarela Mark L. Scipioni George A. & He began by mentoring Robin L. Saastad Jon D. Scott * Betty Lou Smith * undergraduates, forging George R. Scott Connell Smith Sherri L. Saatela relationships that have Michael P. Scott Lynn A. Smith Gregory D. Sabatke lasted beyond graduation. Isadore J. Saide Amy F. Scovil Harrison S. Smookler Kimberly J. Scow Linnea Sodergren He also shares his Kevin G. Sales * expertise with MBA Joel T. Salsberg Charles H. & Martin S. & Nancy S. Solhaug Bernice M. Sederberg students in the Carlson Roger L. Salsbury Lucky W. Somers William S. Seefert # Ventures Enterprise. He’s Thomas J. Sampson Leota S. Spalla Andrew R. Seehusen often impressed by their Susan B. Sandberg Anthony J. Spano Gary L. Seelen thought-provoking Gregory B. Sandbulte Lori A. Spaude Danielson Debra C. Seemann questions. “They’re doing Steven E. & Linda S. Sandvig Lois I. Spear Raymond W. Sekerak Nina C. & Nicholas J. Sargent * Douglas P. & a program right now, so Rajesh Sekhar Joanne E. Spelbrink Grant P. Sarris they’re probably up on Julie A. Sele James E. Spencer Thomas D. & Janet L. Sass contemporary business Joan M. Selover Suzanne M. Spencer James H. Satersmoen * issues you might miss Antony X. Selvam Daryl A. Spilde Arthur J. Sauter when you’re in the working Robin L. Selvig Aaron D. Spilman Kim R. Savick world,” he says. “It’s fun to Jennifer L. Senecal Sharon G. Spindler Laurel A. Sayther share some of that.” Brian G. Sengstock Jean M. Spinner Michael A. & M. Christine Scanlan Carolyn Senko Donald D. & Ann N. Sporre John P. Schaber Shanti R. Shah Jeffry E. Springer Michael S. & Katherine C. & John L. John T. Spurrier Claire R. Schadewald Shannon Kraig M. Srdar Thomas L. & Lawrence B. & Michelle A. Alan H. Stache Lynn M. Schaefer Shapiro Theodore M. Stahl Robert J. Schaffer Frayda Shapiro & Jesse James W. Stahlke Shapiro Ronald G. Scherman & Michael D. Stark Dave Albert K. Shaw Rosalie M. Greeman Andrew J. & Ring Ann M. Schilling Jeffrey W. Shea Angeline M. Staut Carol M. Schilling Richard A. Shea John D. Stavig Donald K. Schimmel Lawrence W. Shearon Terry L. Steen

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Michael J. Stefanson Adrianne B. Tharp Paula J. Von Rueden- Scott M. & Susan K. Wieker Charles E. Steffey & Suzannah Michael E. Thelen Dickmann & Jonathan M. Wieman R. Martin Barbara A. Theno Kenneth C. Dickmann Brad J. & Karen L. Wiersum Robin G. Stegner Michael J. & Daidre G. Thies Ralph E. Vosters Jeffrey R. Wig Lizbeth L. Stein Colleen P. Thiesen James A. & Marcia T. Wachter Steven L. Wik John W. Steiner # Diane M. Thomas Richard E. & Laurell Waclawik Michael G. Wilcox Doris M. Steinhoff Maryann T. Thomas Joseph A. Wagner Corrine & Patrick J. Wilder Winston L. Stellner Tyler J. Thompson Debra J. & Stevan J. Wagner Johanna H. Willegalle Steven E. Stelman Duane A. Thompson Stephen J. Wahl # Mark E. & Jane B. Willey Gregory J. Stelzner Jill L. Thompson Alan P. Wahlin Steven L. Williams Gerald B. Stenson Steven & Mary Beth Thoresen Marlis Z. Walker Phillip J. Williams Will Wallace & Colleen M. Stephens Peter J. Throdahl # Robert A. Williams Colleen M. Kennealy Richard H. Stern & Josh Thue Thomas W. Wilson Paul H. Wallenfelt Nancy E. Torson William D. Thumstedter Nancy J. Windyk Mark D. Sticha Richard A. & Eileen O. Wallin Brent A. Thureen Mary M. Wingrove Gerald R. & Carol A. Wallin Ellen S. & Thomas P. Stillman * Daniel G. & Nancy M. Winter Shiguang Tian Leo J. & Beverly R. Wallis Charles A. Stockwell Mark R. Wisniewski Theresa J. Tierney * Thomas W. Walsh Alan J. Strand Michael W. Wold Donald C. Tifft Eugene J. Walter Marcia & Kenneth A. Strand Gail A. & Michael Wolfson Troy M. Tillman Andrea L. Wambold Lynn S. & Lawrence W. Michael S. Wolthoff Stranghoener Neal & Ruth Tilsner Ronald S. Wappel Randall K L. Wong Sandra L. & James J. Strauss Louis R. & Linda K. Tilton Debra L. Ward Jeffrey M. Wong Eric P. Strauss Leo S. Toay * Mary L. Ward Vicki M. & Dale B. Tobroxen John L. Woodward Steven P. Strawbridge H. H. Ward # William J. Worzala Mary Strupp Daniel J. Todryk Richard M. Ward # Adam A. Wright David P. Stubing Keith C. Toelle Ronald J. Warhol Bradley E. Wucherpfennig Charles L. Studelska Jackie H. & Rex S. Toh Kenneth L. Warner Joy B. Xie Carla N. & Thomas W. Studer Loren E. Tolkkinen Samuel A. Wathen Fan Xuemin Michael R. Stuedemann Carolyn A. & Carol & Douglas A. Watnemo Patrick J. Tommins Gary A. Yanagita Thomas A. & Kieu L. Stueve Paul E. Way Patrick J. Toohey Ruby J. Young Arnold F. Stull Elizabeth A. Weaver Jeffrey G. Torborg Robert Young Timothy D. Sumner David C. Webber Lauraine M. Torgerson William D. & Virginia Young Jon E. Sundquist Susan M. Weber Cara N. & James W. Torseth Dennis R. Zarling & Harvey B. & Irene Sunt Susan A. Weber Howard L. Torstveit # Diane E. Harper Kirupakaran Suntharalingam Graeme Webster Richard T. Tressel # Dina Marie V. Zemke Alan L. & Vicki L. Sussman John A. & Bonnie J. Wedel Jonathan K. Trower Rodney A. Zemke Karen E. & Mark E. Svenkeson Margaret A. & Xiaorong Zhu & Mao Mao Kathleen A. & Leslie A. Tune Richard A. Wedell Norris G. Swanburg Shujie Zhu Kristen E. Turcotte Robert G. Wedell # Teresa J. Swanson * Derek J. Zimmerman Julianne M. Turk Richard O. Weijo Jeffrey M. Swanson Alan M. Ziskin Brian J. Tuttle Brian M. Weikle Glenn A. Swanson Pauline Ziskin Rita D. Twain Mark E. Weiss Marc E. Swanson Jennifer L. Ziskin Ronald G. Twedt # William T. & Judith Welch Constance J. & Gregory P. Zoff Craig E. Swarthout Alice N. Tylutki Joseph M. Welle Mark A. Zoia Mavis C. Swedberg Richard H. Ubl * Keith E. Weller Michael J. & Mary L. Swords Suzanne T. Ullman Gerald A. & Margaret A. Wellik Aylwin D. Sy Mark A. Unze # * Kimberly A. Wellman Raymond J. Sydeski Charles T. Urban Douglas R. Welty Richard E. & Carolyn K. Sykes Lorri J. & David C. Utoft Jeffrey D. Weness Laura C. Synstegaard Cintra M. & Mark W. Utter Ellen M. Wersan & Thomas E. Syverson Gerald F. Vacha # Timothy M. Sandry Gregg A. Syverson Frank Valdivia David L. Westbrook John B. Syverud Jeffrey L. Van Meter David J. Westendorf Todd M. & Patricia A. Tanji Michael J. Vanderheyden Brian L. & Becky L. Wetternach Robert S. Taylor Julie Vanhove Stephen L. Wetzell Cynthia Teeling Karen A. & Robert F. Vanney Keith A. Whitaker Leta M. Tekippe Michael J. Vanyo Jane F. Whitaker Gerald C. & Stephan C. Vegoe Julie A. Whitcraft Margaret A. Tellers Tracey R. Vetter Michael M. White Barbara A. & Michael W. Bonnie J. Vevang & Mark M. White * Tenney James J. Sirian Cynthia R. White Susan M. Tertell # Oksana A. Vinokur Bryan M. & Diana Whitehead Sherry A. Tetu-Gorman Donna J. Visness Terrell R. & William A. Tetzlaff Karen B. Vnuk & Denny Baker Marjorie A. Whitehill Mary & Jay E. Tetzloff Dale F. Vogt * Marilyn F. & James A. Whitney Dick L. Tharaldson Richard P. Vollbrecht Joseph Wical

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