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George David, UTC Chariman And CEO, Makes $10 Million Individual Gift To Darden School

April 23, 1999 -- George David, chairman and chief executive officer of United Technologies Corporation, last week pledged a $10 million individual gift to the Darden Graduate School of Business Administration of the University of Virginia.

"We are grateful for George David's extraordinary leadership as president of the Darden Foundation Board of Trustees and for his remarkable commitment to the University," said University President John T. Casteen III. "His generous gift, which is one of the largest in the school's history, and his long-time support will enable us to continue to educate future leaders in global business pursuits. As chairman of a major international company, Mr. David understands what it will take to be successful in the many new initiatives for Darden as it approaches the new century."

David, a 1967 graduate of Darden, is president of the Darden School Foundation Trustees and will become chairman in October. He is a member of the Darden Society and the U.Va. Lawn Society, two University organizations recognizing philanthropy.

This unrestricted gift, which was announced at a recent meeting of the Darden Foundation Board of Trustees, pushes the Darden School over its capital campaign goal of $100 million. The school's campaign, part of the University's $1 billion campaign, has received nearly $110 million in gifts and pledges since 1993.

"My two years at Darden were the best ones of my life. The intensity was amazing, and the skills acquired life-long. I learned for the first time that classmates and I could push problems around with the sheer force of trying. I am profoundly grateful for this experience," David said.

Darden Dean Edward A. Snyder said the school would begin to focus on completing Darden's North Grounds complex, enhancing programs in entrepreneurial leadership and major business issues, and expanding technology initiatives and alumni career services. The five-building core of the school, which opened in January 1996, was built with $37 million in private gifts. Plans include the addition of a major, multipurpose building and expansion of classroom and office buildings, executive education housing, and parking.

"George David's generosity will have far-reaching effects on Darden as we move forward," Snyder said. "It will help us as we continue to stretch in new directions, while maintaining the excellence in graduate business education that has become synonymous with Darden."

David was elected chairman of UTC in April 1997, having served as chief executive officer since 1994. He joined UTC in 1975, rising through the ranks of UTC's Otis Elevator subsidiary, and subsequently was responsible for the corporation's Commercial/Industrial companies, before being named UTC president in 1992.

David also serves as president of the board of trustees of the Wadsworth Atheneum, in Hartford, Conn.; is chairman of the US-ASEAN Business Council; a director of the Institute for International Economics; and chairman of the National Minority Supplier Development Council. He is a graduate of Harvard University.

Contact: Carol Wood, (804) 924-6189.

FOR ADDITIONAL INFORMATION: please contact the Office of University Relations at (804) 924-7116. Television reporters should contact the TV News Office at (804) 924-7550.
SOURCE: U.Va. News Services


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