IU Foundation elects 2 new board members

Those who lead the IU Foundation, the Board of Directors, have a big job to do, and now they have two more new directors to help them do it.\nRichard E. Woosnam and Milton R. Stuart, both IU alums, have been elected to the IUF Board of Directors on account of their qualifications and dedication to the University.\n"We're always trying to be better," said Barbara Coffman, executive director of communications at the IU Foundation. "They can help us do that."\nChartered in 1936, the Foundation is devoted to raising money from the private sector to support IU.\nThe IUF has a committee which has the task of identifying good prospects, getting in touch with them, and seeing if they're interested in serving on the board. Board members are not paid; the position is strictly in volunteer format.\n"They even buy their own basketball tickets," one IUF member said.\nBoard members each have their own area of expertise from which to draw from and contribute to the project as a whole.\nStuart and Woosnam both carry hefty and impressive resumes.\nWoosnam is currently president of Innovest Group Inc. of Philadelphia. He is quite busy, serving in leadership positions with New York Achievement LLC; Capital Management Crops.; Bridges Learning Systems, Inc.; and Command Equity Group LLC. The IUF Board of Directors isn't the only board Woosnam serves either. He is involved with boards associated with the Pennsylvania Fairmount Park Conservancy and several other Philadelphia area cultural organizations. He is a member of the American Bar Associations, the Indiana Bar Association and the Union league of Philadelphia.\nThat may sound like a heavy enough load for everyone, but that's not even all. Woosnam has had extensive experience in the past with IU, earning a Bachelor of Science degree in business, an M.A. in business administration, and a doctor of jurisprudence from the IU school of Law-Bloomington. Besides academics, he was also involved with the IU Student Foundation Steering committee, the Union Board and raced in the Little 500 as a member of the Sigma Nu fraternity team. \n"I was very active then, and I want to stay involved with the University," Woosnam said. "This is one of the best ways you can give back."\nCoffman said that Woosnam can provide much insight on legal communications for the University, considering his background in law.\n"He has experience with other boards," Coffman said. "He's not just interested in business. He has lots of experience in different areas."\nStuart is currently a partner with Davis Wright Tremaine LLC in Portland, Oregon. He serves as a board member for the National Multiple Sclerosis Society, is a member of the IU School of Law Board of Visitors and of the IUF's Arbutus Society, the President's Circle, and the 21st Century Society.\nStuart also holds an extensive past with IU. He received a Bachelor degree of arts in government and a juris doctor. As a student here, he achieved the honor of a John H. Edwards Fellow and graduated summa cum laude in 1971. He was involved with the IU Student Foundation, Sigma Alpha Epsilon Fraternity and Order of the Coif. \n"He has a rich history with IU," Coffman said. "He knows the University, as do all the board members."\nThe foundation had their its meeting in October over Homecoming weekend.\n"These men have wisdom and expertise in some area," Coffman said. "They have an outside point of view with the ability to look at things lovingly, but critically. They can draw from experiences with their own businesses and other professionals"