Private donors commit $77.7 million for endowment
New Foundation Will Support Arts & Sciences at U.Va.
April 20, 2001-- On Friday, April 20, University of Virginia officials
will announce the creation of a nonprofit fundraising foundation
to support U.Va.s College
and Graduate School of Arts & Sciences, along with prior
private commitments of $77.7 million, to endow its programmatic
and capital needs. The public event will take place on the steps
of Old Cabell Hall at 4 p.m.
College Foundation of the University of Virginia is a Virginia non-stock
corporation organized exclusively for charitable and educational
purposes. Created by College alumni following the U.Va. Board
of Visitors' approval last June, the foundation is designed
to attract high-level private investment in the Universitys
core undergraduate liberal-arts programs.
todays announcement, several private philanthropists, most
of them College alumni, had donated $77.7 million to advance the
schools academic, programmatic and capital needs. The foundation
named nine donors, who individually pledged $5 million or more,
as founding sponsors.
look forward to supporting, promoting and furthering the aims of
the College and Graduate School of Arts & Sciences in its quest
to achieve the highest Jeffersonian ideals," said Christine
P. Gustafson of Paradise Valley, Ariz., a 1982 College alumna and
College Foundation founding president.
College Foundation and its board of trustees will achieve that mission
by raising funds, by advising and supporting the dean in his efforts
to advance the College and its
reputation, and by constantly striving to strengthen the College
and the Graduate School," she said.
other College alumni played vital roles in obtaining approval for
the foundation and ultimately in establishing it. They are Alan
Y. Roberts of Charlottesville, a 1964 graduate and foundation vice
president, and John L. Nau III of Houston, who graduated in 1968
and chairs the new foundations development committee.
Alan and John worked with single-minded purpose to create a foundation
to serve the College as other University-related foundations have,
for many years, supported U.Va.s professional schools,"
said Melvyn P. Leffler, dean of the College and Graduate School
of Arts & Sciences. "We are deeply grateful for their leadership
and for what their efforts to launch the foundation will mean for
the Colleges future."
foundations fundraising priorities include: creating the Digital
Academical Village, an educational initiative to meld digital technologies
and the humanities to transform liberal-arts education; establishing
on Carrs Hill a new arts precinct, a group of new and expanded
buildings for the fine and performing arts; renovating and restoring
the Colleges historic buildings; establishing new interdisciplinary
programs and academic centers; and recruiting and retaining outstanding
faculty and students.
to the projects success has been attracting advance financial
support from some of the Colleges most generous alumni. Nine
donors to the College Foundation have made commitments of $5 million
or more. These founding sponsors are:
Halsey M. Minor of San Francisco, a 1987 College alumnus who pledged
$25 million as a challenge gift to create the Digital Academical
Village. Minor founded and is chairman of CNET Networks, one of
the worlds leading new media companies. Minors gift
was announced in October 2000 during a meeting of the University
of Virginia Faculty Senate.
Frank Levinson, a 1980 graduate of the doctoral program in astronomy,
and Wynnette Levinson, both of Palo Alto, Calif. They committed
$10 million to the Center on Religion and Democracy, a new nonpartisan,
interdisciplinary research center for exploring the relationship
between religion and democratic society. Levinson is chairman and
chief technical officer of Finisar Corporation, a fiber optic communication
systems company in Sunnyvale, Calif. The Levinsons gift to
the College Foundation was made public in December 2000, along with
an earlier $10 million gift to the astronomy department.
Kenneth L. Bazzle of Atlanta, a 1953 College alumnus who pledged
$5 million to fund construction of a new music building in the proposed
arts precinct. Bazzle is owner and president of DeMaximus Inc.,
a private investment company in Atlanta with controlling interests
in real estate, natural resources, and software technology.
John H. Birdsall III of Charlottesville, a 1966 graduate of the
College who pledged $5 million to support graduate fellowships in
music and art history and a professorship in drama. Before his retirement
in 1987, Birdsall was CEO of Tropical Shipping of Palm Beach, Fla.
Thompson Dean of New York City, a member of the class of 1979 who
committed $5 million to the Asian studies program to establish the
David Dean 21st Century Professorship in Asian Studies and the Thompson
Dean Family Endowment for Faculty Excellence. Dean is managing director
at Credit Suisse First Boston Private Equity.
U. Bertram Ellis, Jr. of Atlanta, a 1975 alumnus of the College
and a 1979 alumnus of the Darden Graduate School of Business Administration
who committed $5 million to the Digital Academical Village. Ellis
is chairman and CEO of iXL Enterprises, Inc. and Consumer Financial
Network. Ellis pledge was announced in June 2000 during his
25th class reunion, along with a $5 million gift to The Darden School.
David Gibson of Somerset, Va., a 1962 alumnus of the College and
a 1965 alumnus of the U.Va. law school, who pledged $5 million to
the Digital Academical Village to fund construction, establish the
David E. Gibson Family 21st Century Professorship in Technology
and Culture, and endow a research fund to link the Miller Center
for Public Affairs and the Digital Academical Village. Before his
retirement, Gibson was executive vice president of Citibank.
The Peter B. and Adeline W. Ruffin Foundation, which gave $5 million
to the art department to fund construction and renovation of its
buildings and provide programmatic and other support for art. Ruffin,
who died in 1980, graduated from the College in 1926. Brian T. McAnaney
of Stamford, Conn., a 1968 College alumnus, is a trustee of the
the size of the foundations initial endowment, the schools
remaining unmet financial needs still loom large. A sustained, high-level
fundraising program is required, according to the foundations
development chairman John Nau.
advance the agenda of the College and Graduate School of Arts &
Sciences," he said, "we intend to raise $250 million during
the next five years. If we learned one thing from the recent campaign
for Arts & Sciences, it was that College alumni are exceedingly
generous when asked to support their alma mater."
the "Founders Challenge," the roughly $50 million-a-year
program honors the founding sponsors who have, in Naus words,
"demonstrated extraordinary financial leadership and unprecedented
personal commitment to the College."
the 1990s, the University learned to do things that public institutions
dont generally undertake to be more self-sufficient
than any other public university. This new capacity has lasting
value a value that will sustain the College in this ambitious
endeavor," said University President John T. Casteen III, an
alumnus of both the College and Graduate School of Arts and Sciences
and a professor in its English department.
extraordinary efforts of these founding members will ensure academic
resources for future generations of students and faculty,"
Casteen said. "By marshalling and deploying private funds to
support excellence in the academic disciplines that define human
freedom itself the disciplines taught in the College and
the Graduate School these sponsors create a tremendous public
good. We and our children and our grandchildren are all in their
During the six-year campaign for the University of Virginia which
ended December 31, 2000, the College and Graduate School of Arts
& Sciences received $220.3 million in gifts and pledges, more
than any other school at the University.
To arrange any advance interviews, contact Ken Kipps, director of
communications for the College of Arts and Sciences, at (804) 243-8960.
College Foundation of the University of Virginia
Advance Gifts and Pledges through April 20, 2001
$65 million, in commitments of $5 million to $25 million
H. Birdsall III 66
Thompson Dean 79
U. Bertram Ellis, Jr. 75, Darden 79*
David Gibson 62, Law 65
Frank Levinson, M.S., Ph.D., 80*
Halsey M. Minor 87*
The Peter B. and Adeline W. Ruffin Foundation
$12.5 million, in gifts of $100,000 to $2 million
J. Aston 64, Medicine 68
Edgar M. Bronfman
Charles R. Cory 77, Darden and Law 82
Andrew D. Hart, Jr. 51
Richard H. Lee 77
Madison Lane and Rugby Road Charitable Trust
(Thatcher A. Stone 78 & Frank D. Kittredge, Jr., Architecture
Terry Jasperson Lockhart 74 and H. Eugene Lockhart, Jr., Engineering
72 , Darden 74
Thomas C. MacAvoy
Alan Y. Roberts 64
Jerrold 44 and Joanne Robinson
* announced prior to the April 20, 2001 public launch of The College
College Foundation of the University of Virginia
Board of Trustees
P. Gustafson, 82, Paradise Valley, Ariz., President
Alan Y. Roberts, 64, Charlottesville, Va., Vice President
Stephen P. Smiley, 71, Dallas, Texas, Secretary
Donald Laing III, 69, Charlottesville, Va., Treasurer
Ralph C. Joynes, 48, Richmond, Va., Buildings and Grounds
John L. Nau III, 68, Houston, Texas, Development Chair
Kenneth L. Bazzle, 53, Atlanta, Ga.
John H. Birdsall III, 66, Charlottesville, Va.
J. Stewart Bryan III, 60, Richmond, Va.
A. MacDonald Caputo, 63, Law 66, Greenwich, Conn.
Robert W. Clarke, 79, Vienna, Va.
Terrence D. Daniels, 66, Darden 70, Greenwood, Va.
Thompson Dean, 79, New York, N.Y.
C. Gregory Earls, 67, Washington, D.C.
Joseph Erdman, 56, Charlottesville, Va.
David E. Gibson, 62, Law 65, Somerset, Va.
Andrew D. Hart, Jr., 51, North Garden, Va.,
Paul W. Hobby, 82, Houston, Texas
Elisa J. Holquist, 85, Pozos, Guanajuato, Mexico
Eric P. Johnson, 80, Wilton, Conn.
Terry Jasperson Lockhart, 74, Greenwich, Conn.
Bravitt C. Manley, Jr., 81, Law 84, Centreville, Va.
Richard D. Marks, 66, Washington, D.C.
Frances Dickinson McMullan, MD, 74, Atlanta, Ga.
Jeffrey D. Nuechterlein, 79, Law 86, Alexandria, Va.
Juliana Schulte OReilly, 86, McLean, Va.
Timothy B. Robertson, 77, Virginia Beach, Va.
Jerrold Robinson, 44, Keswick, Va.
Roby Robinson, Jr., 62, Crabapple, Ga.
Wallace Stettinius, 55, Darden 59, Richmond, Va.
Robert F. Wise, Jr., 69, Purchase, N.Y.
Carol Wood, (804) 924-6189