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• \ 4 ;' `~ >~~~ "':'`~ :V~ti.\tiC:•`. augustana ,,...,..\ ~ `'~~` .~\ ~~: • ~\` ~\~ June, 1982 ,a;:~~.>~.~?~; .. .~.~;, .~t .;w~~.t:.:~•. • . nR`!:+,:~G.~ '°~ '~ ~ ~`• ~~~.~;~ ~ ~~i`:\~\;.`:i.\i `;::::Yii~. t<:;::Så4.`ti~.? ~.t`a.,3.s.>5 Volume 10, No. 1 Augustana given $1 million controlling interest in bank shares for endowment Mr. and Mrs. John W. Siverson of Hendricks, Minn., have provided for a gift to Augustana of shares of stock in the State Bank of Hendricks, the impact of which is expected to increase the endowment of the college by $1 million. President William C. Nelsen said the gift is the largest single gift ever received by the college. It will result in the tran-sference of controlling interest in the bank to Augustana which will own and operate the bank as requested by the donors. Both the Siversons and college officials said the management transition will be a smooth, orderly one which will in no way affect the stable and prudent operation of the bank. The Siversons have indicated that they want to assure that the best interests of the people of the Hendricks area will be served as they have in the past. To assure this, the Augustana Board of Regents, which represents the corporate entity of the school, will elect a Board of Directors to work closely with the present bank manager, John Midtaune. All current employees of the bank have been asked to remain in their present positions. No major changes planned The bank will continue to be operated with the goals of financial stability and outstanding service to the community of Hendricks. There will be no interruption of any services and no major changes in operating procedures. Siverson, who at one time operated a drug store in Hendricks, is the founder and president of the bank. He is also the author of a book, published at Augustana, which is an account of his travels in Europe in the immediate pre-World War II days. The book contrasts life in America and Europe during the depression era and was first serialized in the Hendricks Pioneer in 1938. Agnes Siverson Siverson served with the air service of the United States in Europe during World War I. He is a graduate of St. Olaf College. The Siversons, who had previously made a major gift to provide an organ for the college's new chapel, are well known for their philanthropy. They provided the town of Hendricks with its library and have made significant gifts to other private colleges and seminaries. They are the sponsors of two boys in Bethlehem and a girl in Thailand. John Siverson has been an active member of many community organizations including the American Legion and the Kiwanis Club. In 1967 he was named Outstanding Senior Citizen of Hendricks, of Lincoln County, Minnesota, and of the Minnesota State Fair. His wife Agnes has also been active in community affairs, with the American Legion Auxiliary and the Women's Federated Club. .John Siverson The Siversons' gift was made to provide assistance for the goals and mission of Augustana so that it may continue to enhance its reputation for quality and excellence in the future. Nelsen expressed deep gratitude to the couple on behalf of the college. "This gift is the result of the Siversons' strong dedication to the principles of Christian higher education. "This is the kind of giving which is crucial, from many individuals, to the future of Augustana in the years to come. It is only through this kind of support that private, church-related colleges will be able to maintain their tradition of ex-cellence for the good of society. "The endowment of Augustana is currently approximately $3.5 million, much too low for a private college of our size and quality. This gift signals a new beginning in building the endowment of the college," Nelsen said. Board elects Gunderson as new chairman Richard L. Gunderson, a native of Sioux Falls who now resides at Birchwood, Minn., has been elected chairman of the Augustana Board of Regents. Darrell Butterwick, Sioux Falls, was named vice chairman; Fred Matthies, Omaha, Neb., was elected secretary ; and Dr. Donald Scott, Sioux Falls, was renamed treasurer of the Augustana College Association. In other actions during the May board meeting, six new members were chosen to the Board of Directors of the Augustana Research Institute (ARI). Elected to three year terms were Tom Batcheller, Tom Everist, Mark Griffin, Joe Kirby, Dr. Sandra Looney and Dr. John Sorenson, all of Sioux Falls. ARI officers for the next year are Dr. Dennis Larson, chairman ; Herb Bowden, vice chairman; Dr. Milton Hanson, secretary; and Dr. James Meader, treasurer and ARI director, all of Sioux Falls. The Augustana board reappointed Dr. Elliot Thoreson as the college's faculty representative on the Board of Directors of the North Central University Center. Capt. Orville Sigurdson was promoted to the rank of full professor of mathematics on the Augustana faculty. Johnson resigns position as VP James A. Johnson, who became vice president for development at Augustana last fall, has resigned from the position for personal and business reasons. Johnson has maintained a private law practice in Vermillion where he and his family live. He had been in the process of getting out of the practice, but now has decided to remain with it. He will continue to serve in his development capacity at Augustana until a Search Committee finds a replacement for him. "The primary reason for my decision," Johnson said, "is that with my family as young as it is and the needs of the college as I see them, the college needs someone willing to be away more. The vice president for development should be away one or two weeks a month," he said. Johnson is a 1960 alumnus of Augustana and holds a law degree from the Univer-sity of South Dakota. He is a one-time member of the law faculty at USD and served for a time as associate dean of the law school. He and his wife are the parents of two young sons. Bush Foundation issues 5450,000 challenge to Fellows of Augustana Delegates pick college regents Delegates to the annual meeting of the Augustana College Association on May 3 elected two new Board of Regents members, re-elected four others and approved three other new members subject to their acceptance of the ap-pointments. The Rev. Bruce M. Williams, Ver-million, and Bradley Twedt, Sioux Falls, are the new members elected to three year terms. Twedt, who has been president of the Augustana Student Association for the past two years, was chosen as the Young Alumni Regent. Eligible candidates for this position were 'members of the Augustana Classes of 1979, 1980, 1981 and 1982. Twedt, who has full voting privileges on the board, will be ineligible for re-election as the Young Alumni Regent but could be re-elected as a regular member. Re-elected to the board were Darrell D. Butterwick, Sioux Falls; Richard L. Gunderson, Birchwood, Minn. ; Herbert A. Lund, Albert Lea, Minn., and Melvin V. Samuelson, Storm Lake, Ia. Delegates to the association meeting represent American Lutheran Church congregations in South Dakota, Nebraska, Colorado, Wyoming and portions of Minnesota and Iowa. The 130 delegates in attendance heard reports from Provost Arthur Olsen, the Rev. Edward Nervig, director of church relations; James Johnson, vice president for development ; Gene Linton, director of financial aid and Dean Schueler, director of admissions. Over 1100 members of the Fellows of Augustana and their guests were both thrilled and delighted during the spring dinner-induction occasion held this year at the spacious Sioux Falls Convention Center. First the audience was thrilled as President William C. Nelsen announced the receipt of a $450,000 challenge to Augustana from the Bush Foundation of St. Paul (the largest ever received by the college). Later the crowd was delighted by the words and music provided by recording artist Pat Boone. Boone, himself a product of a private, church related school, was lavish in his praise of colleges like Augustana. He entertained with music from his early years, with contemporary sacred music and patriotic songs. New inductees taken into the Fellows that night swell the membership to over 2,200 members according to Dr. Glen Peterson, executive director. But it was Nelsen's announcement which got the crowd to buzzing early on. The matching fund grant is in support of the college's continuing New Frontiers Campaign and, in particular, for capital funds to build a new physical education-recreation building and to increase the college's endowment funds. The matching stipulation, Nelsen said, is one Bush dollar for every dollar received by Augustana in cash gifts or firm pledges from individuals who were members of the Fellows as of Feb. 15, 1982. Such gifts and pledges must be received prior to Dec. 31, 1983 to qualify for the matching funds. Deferred gifts, including life income agreements, made in irrevocable form and coming from eligible members of the Fellows will be matched after discounting according to the age of the donor. Pat Boone, top recording artist and film star, entertained the largest audience ever to attend a Fellows dinner with a mixture of music and inspiration. Gift or pledge amounts less than $250 or in excess of $250,000 from a matching-eligible donor will not be counted toward the college's challenge amount, Nelsen said. Three members of this year's senior class, Laurel Vanderbilt, St. James, Minn. ; Bradley Twedt, Sioux Falls and Janine Rew, Mitchell, reflected upon their four collegiate careers at Augustana. In addition to the induction ceremony which included a swearing in by Dr. Maizie Solem, Sioux Falls, chairman of the Fellows Cabinet, a number of other Fellows Awards were made or announced. Four persons, Nestor Blegen, Sioux Falls; Anna DeWitt, Highmore; Oscar Engen, Presho and Erling Haugo, Sioux Falls, were recognized with President's Awards (for enlisting 10 members or giving $10,000, or a combination of the two). Mrs. Edith Mortenson Delman, Alexandria, Va., was announced as the recipient of a Regents' Award (25 mem-bers, $25,000 or a combination). Mr. and Mrs. Mervin Hokenstad of Garretson, S.D., received two awards — the Golden Award (50 members or $50,000) and the Anthony G. Tuve Award (100 members or $100,000 or a combination of the two) . Dorothy, who is a former member of the Augustana Board of Regents, and Mervin, who retired last year after a number of years of service as a member of the admissions staff, deeded a significant amount of land to the college.
Object Description
Title | Augustana Today - 1982 June |
Subject (LC) | Augustana College (Sioux Falls, S.D.)--Periodicals |
Date | 1982-06 |
Coverage | v. 10, no. 1 |
Publishing Agency | Augustana College |
Rights | This image may not be reproduced without the express written consent of Augustana University, Sioux Fals, South Dakota, USA. |
Type | Magazine |
Medium | text |
Format-Digital | |
Language | English |
Collection | Augustana Alumni Publications |
Contributing Institution | Mikkelsen Library, Augustana University |
Description
Title | Page 1 |
Date | 1982-06 |
Text | • \ 4 ;' `~ >~~~ "':'`~ :V~ti.\tiC:•`. augustana ,,...,..\ ~ `'~~` .~\ ~~: • ~\` ~\~ June, 1982 ,a;:~~.>~.~?~; .. .~.~;, .~t .;w~~.t:.:~•. • . nR`!:+,:~G.~ '°~ '~ ~ ~`• ~~~.~;~ ~ ~~i`:\~\;.`:i.\i `;::::Yii~. t<:;::Så4.`ti~.? ~.t`a.,3.s.>5 Volume 10, No. 1 Augustana given $1 million controlling interest in bank shares for endowment Mr. and Mrs. John W. Siverson of Hendricks, Minn., have provided for a gift to Augustana of shares of stock in the State Bank of Hendricks, the impact of which is expected to increase the endowment of the college by $1 million. President William C. Nelsen said the gift is the largest single gift ever received by the college. It will result in the tran-sference of controlling interest in the bank to Augustana which will own and operate the bank as requested by the donors. Both the Siversons and college officials said the management transition will be a smooth, orderly one which will in no way affect the stable and prudent operation of the bank. The Siversons have indicated that they want to assure that the best interests of the people of the Hendricks area will be served as they have in the past. To assure this, the Augustana Board of Regents, which represents the corporate entity of the school, will elect a Board of Directors to work closely with the present bank manager, John Midtaune. All current employees of the bank have been asked to remain in their present positions. No major changes planned The bank will continue to be operated with the goals of financial stability and outstanding service to the community of Hendricks. There will be no interruption of any services and no major changes in operating procedures. Siverson, who at one time operated a drug store in Hendricks, is the founder and president of the bank. He is also the author of a book, published at Augustana, which is an account of his travels in Europe in the immediate pre-World War II days. The book contrasts life in America and Europe during the depression era and was first serialized in the Hendricks Pioneer in 1938. Agnes Siverson Siverson served with the air service of the United States in Europe during World War I. He is a graduate of St. Olaf College. The Siversons, who had previously made a major gift to provide an organ for the college's new chapel, are well known for their philanthropy. They provided the town of Hendricks with its library and have made significant gifts to other private colleges and seminaries. They are the sponsors of two boys in Bethlehem and a girl in Thailand. John Siverson has been an active member of many community organizations including the American Legion and the Kiwanis Club. In 1967 he was named Outstanding Senior Citizen of Hendricks, of Lincoln County, Minnesota, and of the Minnesota State Fair. His wife Agnes has also been active in community affairs, with the American Legion Auxiliary and the Women's Federated Club. .John Siverson The Siversons' gift was made to provide assistance for the goals and mission of Augustana so that it may continue to enhance its reputation for quality and excellence in the future. Nelsen expressed deep gratitude to the couple on behalf of the college. "This gift is the result of the Siversons' strong dedication to the principles of Christian higher education. "This is the kind of giving which is crucial, from many individuals, to the future of Augustana in the years to come. It is only through this kind of support that private, church-related colleges will be able to maintain their tradition of ex-cellence for the good of society. "The endowment of Augustana is currently approximately $3.5 million, much too low for a private college of our size and quality. This gift signals a new beginning in building the endowment of the college," Nelsen said. Board elects Gunderson as new chairman Richard L. Gunderson, a native of Sioux Falls who now resides at Birchwood, Minn., has been elected chairman of the Augustana Board of Regents. Darrell Butterwick, Sioux Falls, was named vice chairman; Fred Matthies, Omaha, Neb., was elected secretary ; and Dr. Donald Scott, Sioux Falls, was renamed treasurer of the Augustana College Association. In other actions during the May board meeting, six new members were chosen to the Board of Directors of the Augustana Research Institute (ARI). Elected to three year terms were Tom Batcheller, Tom Everist, Mark Griffin, Joe Kirby, Dr. Sandra Looney and Dr. John Sorenson, all of Sioux Falls. ARI officers for the next year are Dr. Dennis Larson, chairman ; Herb Bowden, vice chairman; Dr. Milton Hanson, secretary; and Dr. James Meader, treasurer and ARI director, all of Sioux Falls. The Augustana board reappointed Dr. Elliot Thoreson as the college's faculty representative on the Board of Directors of the North Central University Center. Capt. Orville Sigurdson was promoted to the rank of full professor of mathematics on the Augustana faculty. Johnson resigns position as VP James A. Johnson, who became vice president for development at Augustana last fall, has resigned from the position for personal and business reasons. Johnson has maintained a private law practice in Vermillion where he and his family live. He had been in the process of getting out of the practice, but now has decided to remain with it. He will continue to serve in his development capacity at Augustana until a Search Committee finds a replacement for him. "The primary reason for my decision," Johnson said, "is that with my family as young as it is and the needs of the college as I see them, the college needs someone willing to be away more. The vice president for development should be away one or two weeks a month," he said. Johnson is a 1960 alumnus of Augustana and holds a law degree from the Univer-sity of South Dakota. He is a one-time member of the law faculty at USD and served for a time as associate dean of the law school. He and his wife are the parents of two young sons. Bush Foundation issues 5450,000 challenge to Fellows of Augustana Delegates pick college regents Delegates to the annual meeting of the Augustana College Association on May 3 elected two new Board of Regents members, re-elected four others and approved three other new members subject to their acceptance of the ap-pointments. The Rev. Bruce M. Williams, Ver-million, and Bradley Twedt, Sioux Falls, are the new members elected to three year terms. Twedt, who has been president of the Augustana Student Association for the past two years, was chosen as the Young Alumni Regent. Eligible candidates for this position were 'members of the Augustana Classes of 1979, 1980, 1981 and 1982. Twedt, who has full voting privileges on the board, will be ineligible for re-election as the Young Alumni Regent but could be re-elected as a regular member. Re-elected to the board were Darrell D. Butterwick, Sioux Falls; Richard L. Gunderson, Birchwood, Minn. ; Herbert A. Lund, Albert Lea, Minn., and Melvin V. Samuelson, Storm Lake, Ia. Delegates to the association meeting represent American Lutheran Church congregations in South Dakota, Nebraska, Colorado, Wyoming and portions of Minnesota and Iowa. The 130 delegates in attendance heard reports from Provost Arthur Olsen, the Rev. Edward Nervig, director of church relations; James Johnson, vice president for development ; Gene Linton, director of financial aid and Dean Schueler, director of admissions. Over 1100 members of the Fellows of Augustana and their guests were both thrilled and delighted during the spring dinner-induction occasion held this year at the spacious Sioux Falls Convention Center. First the audience was thrilled as President William C. Nelsen announced the receipt of a $450,000 challenge to Augustana from the Bush Foundation of St. Paul (the largest ever received by the college). Later the crowd was delighted by the words and music provided by recording artist Pat Boone. Boone, himself a product of a private, church related school, was lavish in his praise of colleges like Augustana. He entertained with music from his early years, with contemporary sacred music and patriotic songs. New inductees taken into the Fellows that night swell the membership to over 2,200 members according to Dr. Glen Peterson, executive director. But it was Nelsen's announcement which got the crowd to buzzing early on. The matching fund grant is in support of the college's continuing New Frontiers Campaign and, in particular, for capital funds to build a new physical education-recreation building and to increase the college's endowment funds. The matching stipulation, Nelsen said, is one Bush dollar for every dollar received by Augustana in cash gifts or firm pledges from individuals who were members of the Fellows as of Feb. 15, 1982. Such gifts and pledges must be received prior to Dec. 31, 1983 to qualify for the matching funds. Deferred gifts, including life income agreements, made in irrevocable form and coming from eligible members of the Fellows will be matched after discounting according to the age of the donor. Pat Boone, top recording artist and film star, entertained the largest audience ever to attend a Fellows dinner with a mixture of music and inspiration. Gift or pledge amounts less than $250 or in excess of $250,000 from a matching-eligible donor will not be counted toward the college's challenge amount, Nelsen said. Three members of this year's senior class, Laurel Vanderbilt, St. James, Minn. ; Bradley Twedt, Sioux Falls and Janine Rew, Mitchell, reflected upon their four collegiate careers at Augustana. In addition to the induction ceremony which included a swearing in by Dr. Maizie Solem, Sioux Falls, chairman of the Fellows Cabinet, a number of other Fellows Awards were made or announced. Four persons, Nestor Blegen, Sioux Falls; Anna DeWitt, Highmore; Oscar Engen, Presho and Erling Haugo, Sioux Falls, were recognized with President's Awards (for enlisting 10 members or giving $10,000, or a combination of the two). Mrs. Edith Mortenson Delman, Alexandria, Va., was announced as the recipient of a Regents' Award (25 mem-bers, $25,000 or a combination). Mr. and Mrs. Mervin Hokenstad of Garretson, S.D., received two awards — the Golden Award (50 members or $50,000) and the Anthony G. Tuve Award (100 members or $100,000 or a combination of the two) . Dorothy, who is a former member of the Augustana Board of Regents, and Mervin, who retired last year after a number of years of service as a member of the admissions staff, deeded a significant amount of land to the college. |
Contributing Institution | Mikkelsen Library, Augustana University |