VMI Alumnus Redirects Intended $900,000 Gift

by James A. Bacon

Colleges and universities have long been prone to clashes between strong-willed presidents and prominent alumni. Over the years there have been numerous well-publicized episodes of donors retracting their benefactions after some run-in with the forces of political correctness. But as “wokeness” becomes the prevailing ideology on many college campuses, and as many alumni have decided they’re mad as hell and aren’t going to take it anymore, these episodes are occurring with ever-greater frequency.

One such incident occurred at the Virginia Military Institute in connection with Governor Ralph Northam’s recent speech at the Institute. On Nov. 14, an alumnus sent the following email (bold face in the original) to Superintendent Cedric Wins and other figures in the VMI leadership:

Good evening. I am a 198- [date redacted] VMI graduate. Two requests, please:

  1. Please immediately cancel Ralph Northam’s speech at VMI Monday, 15 November. He’s a disgrace and a woke buffoon. Don’t subject the Corps of Cadets to his lunacy.
  2. If you won’t accommodate request number one above, then please make his talk optional and not mandatory for the Corps of Cadets.A few months ago, I made a $100,000 donation to the VMI [redacted].  I have also made some other modest donations to VMI this year totaling another $5,000 to $10,000.  I intend to give another $900,000 to charity in the coming 36 to 60 months subject to putting some business matters in order.  I have stayed loyal to VMI even though I vehemently disagree with these actions VMI has taken recently:
    • Firing [former Superintendent J.H. Binford] Peay
    • Removing the statue of General Jackson (versus relocating it to a different place on post / lower visibility area)
    • Hiring a Diversity  / Equity / Inclusion officer (which is Latin for discriminating against better qualified white males for lesser qualified women and minorities)

    If you don’t accommodate either request number one or request number two above, then I will give the aforementioned $900,000 to the Stephen Siller Tunnels to Tower Foundation instead of the VMI [redacted]. (Stephen’s Story – Tunnel to Towers Foundation (t2t.org). It is a well-run Christian charity without any of the political / woke nonsense associated with it. Thank you.

    Sincerely,

    [Name redacted]
    [A partner in a private equity firm]

(I obtained this email through a third party who demanded the sender’s anonymity as a condition of sharing it. I have not communicated directly with the sender.)

The political views of the sender are far from universal. Plenty of liberal-leftist alumni are fully on board with the idea of universities as engines of social justice, and they continue to give generously. Witness the recent $100 million contribution from Martha and Bruce Karsh to establish the Karsh Institute of Democracy at UVA.

Still, the alumni rebellion is spreading, and it is organizing.  One of the weapons the discontents wield is the power to withhold their contributions. A few huge donations like the Karsh gift can overshadow the more routine bequests that occur outside the public eye. Needless to say, VMI will never issue a press release to tout the fact that one of its alumni just canceled a promised gift, or, in the case above, redirected his future charitable donation — nor would any other college or university. But that silence is not evidence that cancellations aren’t occurring. We just don’t hear about them.

Among the critical metrics of alumni giving that every higher-ed institution tracks are the total sum donated and the percentage of alumni who stroke checks. Universities dole that information out sparingly, when it suits their purposes.

One figure that anyone can access is the total level of “gifts, grants, and contributions” made in any given year. This figure is reported in universities’ annual financial statements. Thus, we can look up VMI’s 2019-20 annual statement and see that the Institute recorded $19.8 million in contributions that year, up 9.8% from the previous year. Unfortunately, VMI has not yet published its 2020-21 annual report, so there is a significant time lag in the reporting, and we cannot know if dissatisfaction with developments there have affected giving. If the individual quoted above was an outlier or representative of a broader trend, the public will not know for some time.

Even if we had up-t0-date data, there are many reasons why giving might fluctuate, such as the business climate, tax laws that effect estate planning, and random deaths of wealthy alumni who leave their alma maters in their wills.

Perhaps the only way to tell if alumni rebellion at VMI and other institutions is having an impact is if rebel alumni begin announcing their cancellations. Their actions would have greater impact, too, if they would attach their names to their actions and tell their stories. The individual cited above had personal reasons for staying anonymous. In the future, hopefully, alumni will be willing to voice their reasons openly.


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Comments

23 responses to “VMI Alumnus Redirects Intended $900,000 Gift”

  1. Baconator with extra cheese Avatar
    Baconator with extra cheese

    Good. Everyone should always vote with their money and their place of residence/ business.

  2. Eric the half a troll Avatar
    Eric the half a troll

    “It is a well-run Christian charity without any of the political / woke nonsense associated with it.”

    Yes, because I am sure he wouldn’t want any political nonsense associated with his gift… smh…

    1. Nancy Naive Avatar
      Nancy Naive

      Bacon reminds me of an old TV ad…

      Give it to Jimmy, he’ll publish anything.

  3. Nancy Naive Avatar
    Nancy Naive

    Please note. He hasn’t redirected anything until he actually gives it to someone else, and even then, without evidence of his previous intentions, well…

    The road to Hell, ya know.

  4. Jake Spivey Avatar
    Jake Spivey

    As an alumnus, the gentleman knew the Governor’s address was going to be mandatory for the Corps. Visits bt foreign dignitaries or the state’s chief executive have been and always will be. The Institute and the Corps support and show respect to the office, not necessarily the occupant. A similiar condition exists within the Armed Forces (Let’s Go Brandon). I suspect the alumnus’ mind was made up a long time ago (I’m guessing on October 19, 202o), to withdraw his planned donations. Coonman just provided a specific event making it easier for him.

  5. YellowstoneBound1948 Avatar
    YellowstoneBound1948

    A few general and specific comments. First, deferred gifts (or pledges) to colleges and universities are almost always non-enforceable. They are not contracts. However, I suppose there are exceptions, for example, when naming rights to a building are involved, but in almost all cases deferred gifts may be withdrawn (or “revoked,” if a stronger word is desired).

    Over the years, I have increasingly wondered why some colleges have such an iron grip on their alumni. It reaches a point where annual and testamentary giving is a requirement of any “good” alumnus/alumna. I value the association I have with my Alma Maters (undergrad and grad), but I don’t think that I owe them anything. And further, there are so many other causes that are worthy of consideration. In the last ten years, I have focused on the environment and children’s hospitals. If my colleges want more of my assets, they will have to compete with the other worthy causes I support.

    As for VMI, there are two yardsticks alumni can use to evaluate alumni support, one of them obscure. The more obvious of the two is the 50th Reunion Class Fund each class raises prior to the big weekend. As recently as 2016, a 50-year class (the Class of 1966) raised more than $50 million in deferred gifts. In the next four years, the 50-year classes have been in free fall. For example, a recent 50-year class raised “only” $13 million for its 50th Reunion Class Fund. That is an enormous fall, and the failure came just as Northam was damaging the value of a VMI diploma.

    The obscure marker, mentioned above, refers to VMI’s quarterly alumni magazine. Each issue contains class notes, and there are pages and pages of them . . . about older alumni and their children, grandchildren, etc. What is missing is news of the most recent classes (the last 15 years or so). Surely VMI “officials” have noticed. What used to be a clearinghouse of information for the new graduates has been reduced to non-essential. Social media is partly to blame, but I think it is fair to say that VMI’s extraordinary culture of giving, which is dependent on extraordinary loyalty, is no longer money in the bank.

    1. Jake Spivey Avatar
      Jake Spivey

      Spot on Yellowstone.

    2. SmallTowner Avatar
      SmallTowner

      Class of “66 happens to have some very wealthy graduates so that amount is an anomaly.

  6. Peter Galuszka Avatar
    Peter Galuszka

    I normally don’t like to comment on VMI since I don’t know much about it, but I can’t let this pass:

    “Hiring a Diversity / Equity / Inclusion officer (which is Latin for discriminating against better qualified white males for lesser qualified women and minorities)”

    Who says there’s no White Supremacy at Bacons Rebellion?

    1. Nancy Naive Avatar
      Nancy Naive

      Privilege, possibly.

    2. Matt Adams Avatar

      “I normally don’t like to comment on VMI since I don’t know much about it”

      That’s some fantastic reimagining you’ve got there Peter, you wrote an article about VMI and comment on every article that discusses it.

      https://www.baconsrebellion.com/the-rat-pack-makes-the-point/

  7. What some alumni need to understand is that there is a large group of alumni who don’t donate because the school isn’t changing enough. Keepin mind only something like 2% of Black alumni donate to the school.

  8. Nancy Naive Avatar
    Nancy Naive

    Too bad. It would have covered the investigation cost.

    ” I intend to give another $900,000 to charity in the coming 36 to 60 months subject to putting some business matters in order.”

    Funny, I intend to give twice that, subject to putting business matters in order, too. Like a winning lottery ticket.

  9. Nancy Naive Avatar
    Nancy Naive

    “(I obtained this email through a third party who demanded the sender’s anonymity as a condition of sharing it. I have not communicated directly with the sender.)”

    And there are those here who discredit based on poster pseudonyms.

    And how many times has the WAPO been trashed here for “according to a source close to the President who wishes to remain anonymous “?

    Damn, this is an anonymous HEARSAY source!

    1. YellowstoneBound1948 Avatar
      YellowstoneBound1948

      You have posted here four times within a 21-minute span.

      1. Nancy Naive Avatar
        Nancy Naive

        You can count? 5 now. You may need to take off your other sock before too long.

        Steve accused Jim of angling for a Fox News interview a couple of days ago. Things have change. Two of their lowballs quit. This article is angling for a job.

          1. Nancy Naive Avatar
            Nancy Naive

            Tucker Takes a Toll

            “Two longtime conservative Fox News commentators have resigned in protest of what they call a pattern of incendiary and fabricated claims by the network’s opinion hosts in support of former President Donald Trump.

            In separate interviews with NPR, Stephen Hayes and Jonah Goldberg pointed to a breaking point this month: network star Tucker Carlson’s three-part series on the Jan. 6 siege of the U.S. Capitol, which relied on fabrications and conspiracy theories to exonerate the Trump supporters who participated in the attack.”

          2. Merchantseamen Avatar
            Merchantseamen

            Jonas was no conservative. RINO Like Bill Krystal.

          3. Nancy Naive Avatar
            Nancy Naive

            That was your takeaway?

      2. Merchantseamen Avatar
        Merchantseamen

        N.N. Is an expert on everything that come across the Bacon. N.N. let something slip in another comment. It appears N.N. is a bureaucrat. Those types have never produced anything except paper. Sort of like Jimmy Carters Paper Reduction Act. That act required…for every sheet of paper the government reduced, two more were created.

    2. Anonymous hearsay. I like that.

  10. Wahoo'74 Avatar

    Good for the VMI alumnus. Conservatives, traditionalists, and moderates are finally fighting back.

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