In the spirit of helping others, Dale and Nancy established a family culture of giving. The Olseth Family Foundation and The Olseth Family Academic Scholarship Fund at the University of Minnesota reflect a life-long commitment of investing in people and their potential.
Dale was an alumnus of the University of Minnesota and Dartmouth’s Tuck school of Business. His business acumen and integrity led to a distinguished career as President and CEO of Tonka Corporation, Medtronic, Inc., and SurModics, Inc. He had a mind for business and a heart for human well-being.
Nancy attended the University of Wisconsin, focused on education and subsequently taught elementary school. While raising children, Nancy made time to read to the blind, lead a scout troop, volunteer in the classroom and serve on the board of the Plymouth Christian Youth Center.
Dale was a passionate advocate for corporate responsibility and civic engagement. He contributed his leadership skills and board service to many organizations such as the University of Minnesota Foundation, St. Olaf College, Sister Kenny Rehabilitation Institute, Junior Achievement, the Minnesota Orchestra and United Way.
In addition, Dale was honored with the University of Minnesota Outstanding Achievement Award, Regents Award and Honorary Doctor of Laws degree. He was awarded Outstanding Philanthropist of the Year from the Minnesota Chapter of the National Society of Fundraising Executives, received the United Way’s Distinguished Service Award and was twice named the WCCO Good Neighbor.
Dale and Nancy found happiness giving to others and spending meaningful time with their family.
Dale and Nancy’s 50th wedding anniversary, Ruttger’s Resort, Deerwood, Minnesota, July 2010.