The 2005 Slate 60: Pledges

Analysis of the year's biggest philanthropists.
Feb. 20 2006 8:19 AM

The 2005 Slate 60: Pledges

The 60 largest American charitable contributions of the year.

(Continued from Page 1)

John W. Jordan II—$40 million to the University of Notre Dame.Jordan, 58, founder of the Jordan Company, an investment firm in Chicago, and chairman and chief executive officer of Jordan Industries, a holding company, pledged $40 million to the University of Notre Dame in Indiana and said the university could use the money for any purpose. Jordan graduated from Notre Dame in 1969 with a degree in finance and currently is a member of the university's board of trustees.

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Harold C. and Annette Simmons—$50 million to the University of Texas Southwestern Medical Center at Dallas, plus gifts totaling $11.5 million to the Harold Simmons Foundation, the University of Texas Southwestern Medical Center at Dallas, Parkland Health and Hospital System, and Southwestern Medical Foundation in Dallas. Harold Simmons, 74, chairman of Titanium Metals Corporation in Denver and founder of the Contran Corporation, a holding company in Dallas, and his wife, Annette, 70, pledged $50 million—$10 million of which has been paid—to the University of Texas Southwestern Medical Center at Dallas. The money will be used to recruit 30 cancer specialists and to support other programs at the Harold C. Simmons Comprehensive Cancer Center, which the couple helped create with a $24 million donation in 1988. Simmons was 29 when he started a drugstore chain that included stores in Texas, Oklahoma, and Louisiana. He earned about $50 million when he sold the chain to the Eckerd Corporation in 1973 and used the money to buy and sell other companies. He currently controls five corporations listed on the New York Stock Exchange.

George Soros

George Soros—$34.2 million to Central European University and the Open Society Institute-Baltimore. Soros, 75, chairman of Soros Fund Management, a hedge-fund management firm in New York, pledged $24.2 million to Central European University's business school on top of a $205.9 million gift to the school in Budapest for its endowment. Soros, who is Hungarian-American, helped found the university, which opened in 1991. He also pledged $10 million to the Open Society Institute-Baltimore, an offshoot of his New York organization. To receive the money, the Baltimore group, which seeks ways to fight urban problems, must raise $10 million from other sources.

William H. Jr. and Alice T. Goodwin—$32.5 million to Virginia Commonwealth University. William Goodwin Jr., 65, president and chairman of CCA Industries, a holding company in Richmond, Va., that has interests in hotels, manufacturing, and real estate, and his wife, Alice, 61, pledged $32.5 million to Virginia Commonwealth University in Richmond, for its School of Engineering. The Goodwins say they will match any donations to the engineering school up to the amount of their pledge. Alice Goodwin graduated from the university with a medical-technology degree.

Robert M. and Anne T. Bass—$30 million to the Stanford University Graduate School of Business. Robert Bass, president of Keystone, an investment, acquisition, and merger-management company in Fort Worth, Texas, and his wife, Anne, pledged $30 million to Stanford University's Graduate School of Business in California. Half of the pledge will go toward an endowment to support faculty members of the business school, and $10 million will pay for new seminar classes. The remaining $5 million will be used to match donations from alumni who increase their annual gifts to the business school by 50 percent. Bass is a member of Stanford's board of trustees, and Anne is a member of the board of directors of the Lucile Packard Children's Hospital at Stanford, and serves on the board of directors of the Lucile Packard Foundation for Children's Health in Palo Alto, Calif.

A. James Clark—$30 million to the University of Maryland College Park Foundation. Clark, 78, chairman and chief executive officer of Clark Enterprises, a holding company in Bethesda, Md., pledged $30 million to the University of Maryland College Park Foundation to pay for engineering scholarships at the University of Maryland at College Park. Clark graduated from the university in 1950 with a degree in civil engineering.

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Robert E. Fischell—$30 million to the University of Maryland College Park Foundation and the Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins. Fischell, 77, an inventor of medical devices and a retired professor who served as chief engineer of the space department at the Johns Hopkins University's Applied Physics Laboratory, pledged $30 million to the University of Maryland College Park Foundation to establish a bioengineering department and an institute for biomedical devices in the Clark School of Engineering at the University of Maryland at College Park. Fischell is a member of the foundation's board of trustees and earned a master's degree in physics in 1953 from the university. In addition to that pledge, Fischell donated more than $1.1 million to the Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins, in Baltimore, for leukemia research.

Paul Merage—$30 million to the University of California at Irvine. Merage, 62, the inventor of Hot Pockets sandwiches and founder of Chef America, which he sold to Nestlé in 2002, pledged $30 million to the University of California at Irvine for its Graduate School of Management. Slightly more than half of the pledge—$17.5 million—will be paid over 10 years or less. Merage earmarked $8.5 million for five endowed professorships, $4.5 million to endow fellowships and scholarships, $3 million for new programs at the school, and $1.5 million for research. The remaining $12.5 million is in an irrevocable trust that will go to the institution upon Merage's death. The university plans to name the management school for Merage. On top of his pledge to the management school, Merage gave the university $63,500 in 2005 for other programs.

James W. and Frances G. McGlothlin—$30 million to the Virginia Museum of Fine Arts. James McGlothlin, chairman and chief executive officer of the United Company, an investment firm with interests in oil and gas, in Bristol, Va., and his wife, Frances, pledged $30 million to the Virginia Museum of Fine Arts in Richmond, where Frances McGlothlin is a trustee. The largest portion of the pledge—$20 million—will establish an endowment to support research, conservation, and the exhibition of a collection of artworks the McGlothlins have promised to bequeath to the museum. The remaining $10 million of the pledge will finance construction of a new wing of the museum that is scheduled to open in 2008.

Robert H. Smith—$30 million to the University of Maryland College Park Foundation. Smith, 77, chairman of Charles E. Smith Commercial Realty and chairman of Charles E. Smith Residential, both in Arlington, Va., pledged $30 million to the University of Maryland College Park Foundation, stipulating that $12.5 million be used to support academic programs, faculty members, and students in the university's business school, while another $12.5 million will support a performing arts center, along with academic programs and a library at the center. He asked that the remaining $5 million be spent at other parts of the university; $500,000 of the gift will go to a program that studies Israel. A 1950 graduate of the university, Smith gave an additional $172,000 to the institution in 2005 for landscaping projects on the campus.

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Bill and Louise Meiklejohn$50 million to the Saddleback Memorial Foundation, plus a gift of $10 million to the University of Pennsylvania. Bill Meiklejohn, 86, a retired manufacturing-controls coordinator at defense contractor Northrop Aircraft, now Northrop Grumman, and his wife, Louise, 86, pledged $50 million to the Saddleback Memorial Foundation in Laguna Hills, Calif., to expand and upgrade medical laboratories, computer systems, operating rooms, and other facilities at Saddleback Memorial Medical Center. The foundation has received $25 million of the pledged amount, and the rest will come from a charitable remainder trust. The Meiklejohns also gave $10 million to the University of Pennsylvania, in Philadelphia, for upkeep of Penn Baseball Stadium at Murphy Field. Meiklejohn, who made most of his wealth from UPS stock he inherited from his father, one of the company's original employees, graduated from the university's Wharton School in 1942.

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