University of Iowa athletics to give university $2 million
IOWA CITY, Iowa (AP) — University of Iowa officials say its athletics department will give $2 million to the school this year.
The Iowa City Press-Citizen reports the announcement comes over a year after university President Bruce Harreld asked the department to find ways to use its revenue to further the institution’s core academic goals.
The funds are less than 2 percent of the athletic department’s nearly $120 million budget and will be spent on recreational services, diversity programming and student life.
The department also gave the university $2 million last year.
The state’s three public universities have lost more than $30 million due to funding reductions by state lawmakers.
Harreld has asked the state Board of Regents to increase tuition by 7 percent a year for the next five years to counteract the cuts.