Fred and Betsy Weintz pledge $1 million to Norwich
Norwich University Trustee Fred Weintz Jr. and his wife, Betsy, have generously pledged to gift Norwich with $1 million. The Weintzes made this announcement at the Board of Trustees' winter meeting held January 20-21 in Delray Beach, Florida.
Fred and Betsy Weintz are from Riverside, CT. A member of the class of 1947, Fred has been a Trustee for the University since 1983. A native of New York City, Fred attended Norwich for one year, 1943-44. After a stateside stint in the U.S. Army Air Corps in World War II, he received a Bachelor of Arts degree in Economics from Stanford in 1948 and a Master's in Business Administration from Harvard in 1951. In 1982, Fred received the Distinguished Alumnus Award from the Alumni Association, and in 2001 the University bestowed upon him an honorary doctorate degree in Financial Management.
The Weintzes are four-star members of the Partridge Society.
Fred is a retired limited partner of the Goldman, Sachs Group, L.P., investment bankers, in New York City. He joined Goldman, Sachs in 1951 and was a partner for marketing investment banking services from 1965-1984.
The Weintzes have requested that their gift be placed in the Norwich University endowment. Endowed funds can be directed to specific purposes, such as academic enrichment, scholarship support, or faculty development. These funds provide the foundation of financial stability that will guide Norwich toward the goals of NU2019 and on into its third century of service.
"In his role as chair of the University's Investment Committee for the past twenty years, Fred has overseen the growth of Norwich University's endowment from $8 million to $133 million," said Norwich Vice President for Institutional Advancement David Whaley. During the 2004-2005 academic year, Norwich's endowment grew by 17% - the largest increase of any Vermont college.
"This is a remarkable gift," said Norwich President Dr. Richard Schneider. "Fred and Betsy Weintz again display their great love for the University. By placing their gift in the endowment, the donation will positively affect future generations of Norwich students. We are extremely grateful to Fred and Betsy for their wonderful generosity."