Memorials 2012


        Classmate Fred Atwood died on December 13.  Following is the obituary that appeared in NewsDay on December 18:
        ATWOOD - Frederic Lawrence, 82, of Islip, NY on December 13, 2012, He was born on November 15, 1930 in New York City, attended the Lincoln School. He was a graduate of the Lawrenceville School class of 1948, and Princeton University class of 1952. He proudly served as a Lieutenant in the US Naval Reserve during the Korean War from 1952 to 1954, and graduated from Harvard Law School in 1957. He was a partner in the Pelletreau & Pelletreau law firm in Patchogue, LI and served as Federal Magistrate Judge from 1971 to 1995. He was an active and dedicated leader, and was known to many for his selfless service to the community. He served for many years on the boards of South Side Hospital, the Long Island Maritime Museum, and the Bayard Cutting Arboretum. He was president of the Society for the Preservation of Long Island Antiquities (SPLIA), the Nassau-Suffolk Hospital Council, and the National US Magistrate Judges Association, and served as Senior Warden of St. Mark's Episcopal Church and Commodore of Bayberry Yacht Club. He was a founding member and president of the Seatuck Environmental Association, home of the Suffolk County Environmental Center. Fred was an avid yachtsman and outdoorsman, and loved the Great South Bay and Fire Island. He was an active member of the Race Committee for the Great South Bay Yacht Racing Association and his 1938 motorsailer "Horizon" was familiar sight to many around the Bay. He enjoyed duck hunting with Pattersquash Gun Club, and loved working with his dogs. Fred is survived by his dear wife of 57 years Elizabeth Morse Atwood. He is the father of Frederic L. Atwood, Jr. of Bethesda, MD, Julia Atwood Berman of Deep River, CT, George K. Atwood of Killingworth, CT, and James M. Atwood of Arundel, ME. He is the proud grandfather of 11. A memorial service will be held at St. Mark's Church, Islip at 11 a.m. December 29, followed by a reception at the Suffolk County Envirnmental Center, 550 South Bay Avenue, Islip, NY. Memorial donations can be made to the Seatuck Environmental Assn., P.O. Box 31,Islip, NY, 11751, or St. Mark's Episcopal Church, 754 Montauk Highway, Islip, NY 11751. Funeral.

        Class Treasurer Rudy Lehnert '52 died September 18, 2012.  He was an active participant in CLass affairs and especially in supporting the football program.  Most recently, the bronze of Dick Kazmaier '52 was moved to a prominent spot in front of Jadwyn Gymnasium at the time of our 60th Reunion at Rudy's initiative and determination. 
         The news of Rudy's death came from his daughter Laury.  Following is her message forwarded to all on-lline members of the Class:
It is with heavy hearts that we share this news, but we lost Rudy on Tuesday, September 18th 10:15am.
Viewing Hours and Memorial Service will be at Mather Hodge Funeral Home, 40 Vandeventer Avenue
Princeton, NJ 08540
Sunday, September 23rd Viewing Hours 2-5PM
Monday, September 24th Viewing Hours 9-11am
Memorial Service to follow
Burial at Princeton Cemetery to follow
29 Greenview Avenue, Princeton, NJ 08540
His Obituary will appear in the Princeton Packet, The Trenton Times
and next week's Town Topics.
In lieu of flowers we ask that you please make a donation to
-- Temple University Cancer Center, 3401 N. Broad Street, Philadelphia, PA19140, or
-- Rudy F. Lehnert '52 Memorial Fund, Princeton University, Alumni and Donor Records, PO Box 5357,
Princeton, NJ 08540

Gifts should be made payable to the "Trustees of Princeton University", with Rudy Lehnert '52 noted in the memo line.

The Lehnert Family


        Classmate John Scully died September 7, 2012.  Following is the obituary provided by the Commodore of the American Yacht Club in Rye, NY:
        John Watson Scully, 1930-2012.  It is my sad duty to report the death of Senior Member and former Rear Commodore John W. Scully, at age 82, on September 7.John first came to Milton Point in 1953, when he was recruited from Larchmont Yacht Club to be the head instructor of JAYC.Under the team he built, JAYC crews won many trophies on the Sound.   

        He remained at AYC as a junior member, then as Active (first elected in 1964), and continued to serve, with his characteristic decorum and dedication, in several roles: Race Committee chair (1963-68), Trustee, Flag Officer (Rear Commodore, 1971-73), and Fleet Captain (1997-98).In that post he set an Annual Cruise precedent by organizing three days of competition and conviviality at one venue, Nantucket.John received the Yachtsman of the Year award in 1968 for "outstanding service to the Race Committee." In 2005, the William Scully family honored and surprised John by donating the John Watson Scully Instructor Trophy given annually to the JAYC instructor who most demonstrates teaching competence, sportsmanship, enthusiasm and leadership in the sport of sailing. John was the owner in recent years of a Huckins named Five Stars, for the Scully children. Our condolences toJohn's widow, Suzanne Marechal Scully, and to the Scully children and grandchildren. A celebration of life service [was] held at the Club on Monday September 17th at 3:00 PM.  Duncan P. Hennes Commodore


       T. Kirk Parrish III '52 died April 28, 2012.  The family has provided the following obituary.
       T. Kirk PARRISH III  died in Boston on April 28 after a prolonged illness. Born in Richmond, Virginia on May 18, 1930, he was raised in many parts of the United States, Europe and Latin America. A graduate of Phillips Academy Andover and Princeton University, he served in the U.S. Navy as a Lieutenant from 1952-1955. His business career centered in New York where, as President of American Chicle, Life Savers and Lanvin-Charles of the Ritz, his creative leadership effected substantial growth in profits and new products.

       Kirk was on the Boards of Directors of the Squibb Corporation, SSC&B Advertising, and the YMCA Center for International Management Studies. In association with the YMCA, he was part of a team that developed management exchange seminars in the then Soviet Union and other Eastern Bloc countries. Of special interest to him was his 20-year membership on the Board of Advisors of the Patterson School of Diplomacy and International Commerce. In 1982, he established his own consulting company that continued until his retirement. He is survived by his daughters, Linn, Wayne and Scotti; his son, T.K.; his five grandchildren, Alexander, Grace, Louisa, Natalie and Sophie; his sister, Sally P. Richardson and his nephews, Blair and Hunt Richardson. We remember him as a collegiate track star, a superb ballroom dancer, a voracious reader of history, a lifelong innovator, and a family man of unhesitating generosity. Private services will be held in Richmond, VA.
Classmate Fritz Riegel died August 24. His son Ted has provided this obituary:
       George Frederic "Fritz" Riegel of Kennebunk, Maine passed away on Aug. 24 after a short illness at the age of 82.
       Born in New York City in 1930, Fritz graduated from Phillips Exeter Academy and from Princeton University with a degree in psychology in 1952. Fritz was a member of the Cottage Club and remained a passionate alumnus following Tiger football and crew.  
       Upon graduation from Princeton, Fritz first pursued a career in banking only to leave within the year to enter the US Naval Air program, receiving an honorable discharge as a flight officer, Lieutenant Junior Grade.
       After serving, Fritz started his marketing career with Ogilvy, Benson, Mather in New York City, leaving as an account executive in 1963 to join BBDO, where he would eventually retire as a vice president in 1973. After a brief retirement, Fritz decided to follow his passion for travel and purchased a small retail travel agency in Wilton, CT - The Travel Bureau, Inc. He worked alongside his son, Ted, before retiring and moving with his wife, Diane, to Kennebunk, Maine in 1995.
       Travel and family were Fritz's passions. He and Diane traveled the world, visiting all seven continents. The Caribbean island of Anguilla became his favorite family gathering place, and for the last fifteen years he has spent a great deal of time at Carimar Beach Club on the island.
       Fritz is survived by his wife of 53 years, Diane Tietig of Kennebunk Maine, son Ted and his wife Tess Martin of Wilton CT, and grandson Ted, a freshman attending Lafayette College.
       Following Fritz’s wishes, there will be no services.  In lieu of flowers a donation to the charity of your choice, or the Gosnell Memorial Hospice House, c/o Hospice of Southern Maine, 180 US Rt. One, Scarborough, ME 04074, would be welcome.

Frederick H. Gloeckner, Jr. M.D. ‘52 of Hundred Mile House, British Columbia, died on Friday, July 6, 2012 of multiple myeloma at the age of 82.
      A native of Conshohocken, Pennsylvania and the son of Frederick H. Gloeckner, Sr. and Dr. Mary Louise Carpenter Gloeckner, Fred was a graduate of Germantown Friends School, where he was distinguished for his athletic accomplishments`the former Mary McArdle. In 1972 he published "A Civilian Doctor in Vietnam", a memoir of his two month tour of volunteer medical service in the heart of the war zone which he performed under a collaborative sponsorship of the American Medical Association and the Department of State. Upon his return to Philadelphia he spoke at his sister's church, Summit `
      Through the years he took tremendous enjoyment in tending his ranch properties while riding his beloved horse O.J., but his passions were golf and his devotion to writing in the cause of peace, much of which commitment was a tribute to the influence of his Quaker upbringing and his years at Germantown Friends School.
       He is survived by his loving and devoted widow, Mary, four children: Robert, Cherie, Laurie, and Mark, 2 step children, Mavis and Patrick McArdle, five grandchildren Darby and Justin Bell, Alex Hemminger, and Liam and Brendan Graff, 11 Gloeckner and Shaifer nieces and nephews, his sister Kathy Shaifer and her husband, Carl Shaffer, Princeton Class of 1953. He was predeceased by his brother, David W. Gloeckner.
       Having converted to Catholicism, a service of celebration of his life was held at a Memorial Mass on Saturday, July 14 at St. Jude's Catholic Church 100 Mile House, British Columbia.

John Shields Coleman, Jr. ', died on July 30, 2012. Mr. Coleman was born in Birmingham Alabama on March 30, 1931, the son of John S. and Mae Steiner Coleman. He attended Birmingham schools. He went to Princeton University and the University of Virginia. He graduated from The Citadel and served in the US Army before returning to Birmingham. He worked for several years for the Luckie - Forney Advertising Agency. He then moved to NewYork where he joined BBD&O Agency before establishing his own firm. One of his firm's accounts was Volkswagen. He was married to the late Katherine Steiner of Montgomery. A memorial service was held in the Chapel at The Cathedral Church of the Advent on Monday, August 6 with interment at Elmwood Cemetery. Donations may be made in his memory to The Friends Fund at St. Martin's-in-the-Pines, 4949 Montevallo Road, Birmingham, AI 35210.

Bob Jiranek has learned that John Schmid '52 died in St. Petersburg, FL, on July 29.  His widow Barbara was the source of the information.  John suffered from Alzheimer's.  He earned his LLB at the Univesity of Pennsylvania in 1956 and practiced law in the Washington area for many years with the firm Glendening & Schmid and then as a partner with Schiff, Hardin & Waite before he and Barbara moved to Florida.  In our 1992 yearbook he said in retirement he "truly appreciate[d] the freedom to do those things that I enjoy doing rather than the 'dictates' of clients."  His goal then was "to look forward, not back, and be useful in some form of Christian endeavor."

Harold Leblond died July 4.  Hoppy was born and raised in Cincinnati, "a member of a local macine tool family," according to his obituary.  He graduated from The Hill School in 1948.  He noted in his entry in the 2002 Book of Our History that he was at Princeton for only briefly, but he said he held "many fond memories" of his time with us.  Hoppy graduated from the University of Cincinnati in 1953.  Following three years as a commissioned officer in the Army, he joined the J.H. Day Company and then, around 1980, formed a graphics design company called "It's All in a Name," which specialized in the adaptation of wildlife art to coffee mugs, glasses and ice buckets for retail sale.  His wife of 33 years, Sherry, survives him.

Dr. Bill Kappes '52  The class was advised by his son John that Dr. William C. Kappes Jr., 81, of Waynesboro, died on Monday, July 2, 2012. He was the son of the late W. Carl and Frances K. Kappes of Huntington West Virginia, and husband of the late Shirley M. Kappes, he is survived by children, Kathy and Jeff, Carl and Marne, and John and Kathy. He was Granddaddy Bill to Blaire, Tayler, Josh, Anna, Will, Jake and Julia and uncle to Deborah, Joan and Fran. He is also survived by his brother, Charles and Tae Im; a special friend, Happy Gilligan; countless friends, colleagues and former patients.
Dr. Kappes was a graduate of Episcopal High School, Princeton University (where he was captain of the 150 pound Crew) and the Medical College of Virginia. He was first licensed to practice medicine on June 16, 1956, and served his internship in Durham, North Carolina, residency in Philadelphia, Pennsylvania, and as a Captain and Chief of Pediatric Service in the Unites States Air Force at Chennault Air Force Base in Lake Charles, Louisiana.
He moved with his family to Waynesboro in 1961 to begin his pediatric practice which he continued until 1999. During that time, he was also the Pediatric Consultant to Dejarnette (now Commonwealth Center) from 1975 to his retirement on June 7, 2012. He had a passion for working with handicapped and special needs children, adolescents and young adults. This led him to help found the Waynesboro Sheltered Workshop which expanded into now Vector Industries to give meaningful employment to young adults with disabilities. He also was instrumental in helping found Greenstone Residence in Waynesboro serving special needs adults where he served as its first president. In addition to working with children in his pediatric practice, he considered his serving as Scoutmaster of Rotary Club sponsored Troop 7 from 1962 until 1976 as one of his most rewarding experiences. He also served the community he loved as president of the Jackson Wilson Elementary School PTA, Waynesboro School Board Member from 1980 until 1985 serving as president in 1984 and 1985, and on several advisory committees through the years including Special Needs. He was voted Waynesboro Jaycees Young Man of the Year during his early years in Waynesboro and also a past member of the Waynesboro Rotary Club.
He had numerous roles with his church family at St. John's Episcopal Church including serving on the Vestry, as Acolyte Master, Senior Lay Reader, member of the Brotherhood of St. John's, and faithful worshipper in the front left pews.
Throughout his life, he could be seen on the golf course, the ski slopes, enjoying the Outer Banks of North Carolina, the hills of Virginia or the waters of the Cowpasture River. He served his family and the community he loved for many years and in capacities too numerous to mention. He was truly one of a kind and will be missed by all who knew him, but leaves fond memories for us to enjoy. A memorials service was held at St. John's Episcopal Church, 473 South Wayne Avenue, Waynesboro, on July 7, 2012. In lieu of flowers, please consider a donation in memory of Dr. Bill Kappes to St. John's Memorial Fund, Vector Industries, or to the charity of your choice .

Classmate Mike Hamilton died May 10, 2012.  He is identified in the obituary in the Buffalo News as architect, artist, avid birder, and biologist.  He was a founding partner of an architectural firm in Buffalo and helped launch Hamilton, Houston and Lownie, which designed restoration work.  As an artist, he explored his love of nature through drawing, woodworking, sculpting, filmmaking and painting.  He taught design studio couses at the University at Buffalo School of Architecture and devoted time to Buffalo Niagara Riverkeeper, a local environmental advocacy group.

Charles Salas, son of our classmate Classmate Saturnino "Joe" Salas, has provided the following obituary for his father through Joe Bolster's daughter Mary and George Towner:

Saturnino Lieven Salas, only grandson of the late Lieven Gevaert, Flemish industrialist, died on June 2, 2012, at home at the age of 81, surrounded by his family.  He was predeceased by his father Saturnino Salas of Argentina, his mother Maria Cornelia Gevaert of Belgium, and by his beloved wife of 40 years, Judith Eckart Salas.  He is survived by his four children Charles Gevaert Salas, Peter Eckart Salas, Elizabeth Corwin Dudley, and William Albert Salas, by eleven grandchildren and two great-grandchildren, and by his sister Laura Salas Flores and his brothers Hector Salas and Carlos Maria Salas.

Saturnino Lieven Salas was born on August 9, 1930, in Buenos Aires.During the first ten years of his life, he lived with his family in several European and South American countries, each time attending school in a different language.At the age of ten, he entered IndianMountainSchool in Lakeville, Connecticut, and quickly excelled, being awarded the School's highest prize in three consecutive years. He also achieved extraordinary academic success at The Hotchkiss School from which he graduated in 1948.

Next he attended PrincetonUniversity but withdrew to enter the United States Air Force, where he served for four years.On leaving the Air Force, he turned to the study of mathematics, earning a Ph D in Mathematics from YaleUniversity in 1959.Having taught at YaleUniversity, WesleyanUniversity and the University of Connecticut, he retired from academia to devote himself to the writing of mathematics textbooks. His most notable publication (with Einar Hille and later other co-authors) is Calculus : One and Several Variables.His mathematical writing is renowned for its clarity, integrity, and elegance; and his calculus book, now in its tenth edition, has been translated into several languages and used by well over a million students.

In 1960 Saturnino Salas moved with his family to a home in Haddam, Connecticut, which has served as a family center ever since.His was a full life and a rewarding career, including years in which he served on the Board of Directors of the Gevaert Photoproducten N.V. in Belgium.Articulate in the extreme, he possessed a powerful intelligence, élan vital, and a strong desire to live life on his own terms. Impatient with the ordinary, he often cited the poetic phrase from Wordsworth "Getting and spending we lay waste our powers" as a goad to those he cared about, encouraging them to pursue with passion that which mattered to them most. He was a man who loved deeply and was, in turn, deeply loved.

A celebration of his life will be held on July 29, at 11am, at his home, 182 Walkley Hill rd, Haddam, CT.

Tom Schmidt '52 died June 18, 2012.  His daughter Dru has sent us his obituary (click here) with a more recent photo of him than the one from the 1952 Nassau Herald at right.
Dru commented that "we can't seem to keep up with the many, many communities that Dad was engaged in. I don't know that this obit does him justice - sure does not mention his great sense of humor and love of a good prank!  We are working on celebrating a great life and not grieving his loss - but not doing very well at that yet!
Dru added that there will be a small service in York, PA, at some date to be announced, where his ashes will be placed.

Parker Gowing '52 died February 5, 2012, from injuries suffered in a traffic accident three days earlier. 

Classmate Dr. Joseph Silverman died May 7, 2012.          

Our classmate Henry Sherk died April 9, 2012.  His funeral will take place at 10:30 on Saturday, April 14, at Christ Church in Philadelphia.  His survivors include his wife Lea, daughters Katherine Simons, Mary Sherk Shimer, M.D., and Julia Logan, M.D.; 10 grandchildren; his sister, Mary Ann Zeiders; and his brother, A. Lincoln Sherk.   Hank served the Class of '52 as a member of the Class Executive Committee.

       Marty March '52 died March 23, 2012.  Following are excerpts from the Post-Tribune of Northwest Indiana of March 2, 2012:
       Martin "Boom Boom" March, loving father and grandfather, died on March 23, 2012. He was born on June 24th, 1930, and passed away at the age of 81 of natural causes. He is survived by Sheila Tropp of Miller Beach, Indiana; three sons, Scott, Alan and Brook; and Granddaughters Alexa, Natasha, and Maryann.
        Marty was a resident of Miller Beach, IN.  Hewas born on June 24, 1930 in East Chicago, IN to Paul and Pearl March (Marcovich) and brother to Arthur. Marty attended Phillips Exeter Academy in Exeter, New Hampshire, prior to graduating from Princeton University in Princeton, New Jersey, in 1952. After graduating from Princeton he proudly served his country during the Korean War as a Special Operations Officer in the US Army.
        Marty was born in the Northwest Indiana area. During his youth he was lucky to live in several different parts of the country, but ended up back in the Chicagoland area. Marty loved the game of football and played throughout his high school and college years. Legend has it, as Middle Linebacker, the damage he caused on the football field earned him the name "Boom Boom".
        Tom Rhodes '52 died March 25, 2012.  His obituary, from the TC Palm (Treasure Coast, Vero Beach, FL), follows:
        Thomas T. Rhodes passed away on Sunday March 25, 2012 at the VNA Hospice House in Vero Beach, surrounded by his loving family. He was born December 4, 1930 in Pittsburg, Pa. to Robert P. and Janet (Trimble) Rhodes and moved to Vero Beach in 1954. He is survived by his wife of 48 years, Gerre' (Tripp) Rhodes; whom he married Dec. 28, 1963, and his brother Robert P. Rhodes (Sally) of Estill Springs, Tenn. He had 2 children, son Thomas T. Rhodes II (Sophie Shaw) Vero Beach and daughter Susannah (Rhodes) Scarlatos (Vincent Scarlatos) of Winter Park, FL. He had 4 grandchildren: Colin and Madelaine Rhodes of Vero Beach, and Kaitlin and Alexander Scarlatos of Winter Park.
        Tom was an active member of the CommunityChurch since 1955, serving as Deacon, Sunday School teacher, Usher, Moderator from 1985-1988, and Chairman of the Search Committee that helped bring CommunityChurch ministers Bob and Casey Baggott to CommunityChurch in 2003. He was on the original steering committee in 1964 that started Riverside Theatre, originally called The Theatre Guild. He built sets, acted in several plays, and was President of the Theatre Guild Board in 1966. He continued to serve on the Trust Board of the Guild and subsequently on the Board of Directors at Riverside Theatre until 1997. As a member of the Class of 1952 at Princeton, he was active in the local Princeton Club, serving as Treasurer for over 10 years. Tom loved golf, sailing, and was an avid reader. He was a caring soul and touched so many in his lifetime with his friendship, love, support, and generosity.
        After receiving his Master's Degree in Agriculture from the University of Florida, he moved to Vero Beach and, along with Randy Sexton, started Driftwood Fruit Company in 1954, and just celebrated their 57th year in business this year. He also owned Sunshine Laundries, a local chain of laundromats on the TreasureCoast, for the past 35 years. Tom wished in lieu of flowers memorial contributions be made to The Community Church of Vero Beach (Tom Rhodes Memorial Fund) 1901 23rd Street, Vero Beach, FL 32960 or VNA Hospice House, 1110 35th Lane, Vero Beach, FL 32960.
        John Emery '52 died March 18, 2012. Following is his obituary, from  the Asbury Park Press:
        John R. Emery, 81, of Red Bank, passed away Monday, March 19, 2012. John was a resident of Rumson for 45 years before he and his wife, Barbara Jean moved to Red Bank three years ago. He was a member of the First Presbyterian Church of Red Bank at Tower Hill. John will be remembered as a great husband, father and grandfather who was deeply committed to his family, friends and community. He spent his career in the publishing business, and was actively involved in numerous professional and civic organizations throughout his years. He was a devoted lifelong supporter of his Alma Mater, Princeton University.
         John is predeceased by his wife of 57 years, Barbara Jean Emery, who passed away last summer. He is survived by three sons, John R. Jr. and wife Deborah of New Hope, Pa., Robert and wife Dana of San Francisco, Calif., and Richard and wife Suzanne of Castle Rock, Colo., one daughter Karen and husband Steve Lynch of Norwell, Mass., and eight grandchildren, Mac, Bryce, Rob, Matt, Will, Jack, Libby and Allie.
        There will be a memorial service at 11 a.m. Thursday, March 29 at the First Presbyterian Church of Red Bank at Tower Hill, 255 Harding Road, Red Bank. Interment of the cremated remains will follow at Restland Memorial Park, East Hanover. In lieu of flowers, the family requests that memorial donations be made in his memory to a charity of your choice.

       Donald B. Shedden '52 died February 5, 2012.  His daughter, Cindy Shedden-Lamberti , informed us of his death.  She told us "Don loved Princeton and often reminisced about his college years."
        Don served in the Korean War, worked in banking in Sayre, PA, owned several businesses in Binghamton in the 1960s, and in the 1970s had restaurants in Elmira and Wysox, PA.  His obituary notes that before retiring he owned and operated several businesses in the Southern Tier of New York State.  He is survived by his wife Joanne and son Bruce, as well as daughter Cindy and four grandchildren.

        Wiliam T. McGarry '52 died December 26.  The oldest member of the class of '52, he served as a USAF officer in World War II including on D-Day; classmates who have visited the Mighty EighthAirForceMuseum outside of Savannah have seen him pictured in one of the museum's displays from his days as a fighter pilot.   He studied at Princeton under the GI Bill and graduated with a degree in chemical engineering.  His career was with Eastman Kodak. 
         Bill's first wife, Doris Murray, and his second wife, Martha Kelly, both predeceased him.  Two sons survive.  The family is not planning on a memorial service.


       Classmate William P. Carey died January 2.  Below is a statement issued by the office of the company he founded and a press report:
        Company Statement
        W. P. Carey & Co.'s Board of Directors sadly announces that company founder and Chairman Wm. Polk Carey died earlier today.Mr. Carey, who was 81 years old, died of natural causes at Good Samaritan Medical Center in West Palm Beach Florida. He was surrounded by family and friends, who had traveled to be with him.
Company Chief Executive Officer Trevor P. Bond stated, "Bill Carey was more than our founder and Chairman -- he was the cultural leader of our company. All of us at W. P. Carey & Co. are mourning his loss. At the same time, we know that the best way for us to honor Bill is to continue to deliver outstanding results to our investors. It is up to us, as members of the team he put into place, to continue his life's work and to ensure that the standards of excellence he established at W. P. Carey & Co. remain intact."
Mr. Bond continued, "Bill was unwavering in his devotion to our shareholders, and he was especially proud that we have been able to provide increasing income to them, while providing our tenant companies with the capital that allowed them to grow their business and prosper. He felt deep gratitude toward our employees for enabling the firm to deliver such consistently outstanding results in good times and bad."
Bill Carey was a pioneer in the field of corporate finance for nearly 60 years. Under his leadership, W. P. Carey Co. LLC provided hundreds of companies the capital they required to thrive and prosper. He was largely responsible for development of the sale-leaseback investment strategy for commercial real estate, and his firm remains a global leader in the industry.
In 1988, Mr. Carey established the W. P. Carey Foundation, which supports educational opportunities for young people through significant endowments presented to Arizona State University, Johns Hopkins University and the University of Maryland, as well as contributions to many other fine educational institutions. His brother, Francis J. Carey, said, "Bill was not only an insightful businessman but a wonderful brother and a good citizen. He always felt grateful that he was raised in a family committed to public service -- and he worked passionately to uphold that tradition." Mr. Carey was a direct descendent of President James K. Polk.
Bloomberg obituary
William Polk Carey, who made a fortune in real-estate finance and donated tens of millions of dollars to improve U.S. business schools, has died. He was 81.
He died yesterday at Good Samaritan Medical Center in West Palm Beach, Florida his firm, W.P. Carey & Co., said in a statement. The cause was complications following a heart attack, according to Cheryl Perry, a spokeswoman for the company. A resident of New York City, he was in Florida for the holidays. The firm founded by Carey in 1973 provides sale-leaseback and other forms of real-estate financing and manages a global investment portfolio of about $11.8 billion, according to its website. Based in New York, it owns almost 1,000 commercial and industrial properties in North America, Europe and Asia, totaling about 120 million square feet, including part of the New York Times Building in Manhattan.
"Bill was unwavering in his devotion to our shareholders, and he was especially proud that we have been able to provide increasing income to them, while providing our tenant companies with the capital that allowed them to grow their business and prosper," Chief Executive Officer Trevor P. Bond said in the statement.
In 1988, Carey established the W.P. Carey (WPC)Foundation as the vehicle for his philanthropy. Its major gifts include $50 million in 2002 to Arizona State University, which renamed its business school the W.P. Carey School of Business; $50 million in 2006 to Johns Hopkins University to create the Carey School of Business; and, last April, $30 million to the University of Maryland School of Law in Baltimore, which he hoped would lead to a joint law-business degree offered by Maryland and Johns Hopkins.
        Descendent of President
        Carey, a descendent of U.S. President James K. Polk, never married and said he wanted to give away most of his fortune. "I don't believe in having my family be rich," he told the New York Times in April. "They don't need a lot of fancy cars to drive around. My goal is to make the foundation a billion, and then after it's a billion, I might be old enough to think about passing on."
The foundation reported about $25 million in assets at the end of 2010. Its trustees said yesterday that Carey had made the foundation the primary beneficiary of his shares in W.P. Carey.
Carey was born on May 11, 1930, in Baltimore, where his grandmother, Anne Galbraith Carey, had founded the Gilman, the nation's first country day school, in 1897.
As a student at Princeton University, he earned money selling secondhand refrigerators to classmates, according to a company biography. (Carey told the Times that he "cut too many classes, too many chapels" at Princeton and "resigned before someone could ask me to leave.") He earned a bachelor's degree in economics in 1953 from the Wharton School of Finance and Commerce at the University of Pennsylvania.
Auto Business
After serving two years in the U.S. Air Force, he joined his stepfather's auto dealership in
New Jersey, where he learned about lease financing. At 28, he became owner of International Leasing Corp. in Plainfield, New Jersey, a leading dealer of Peugeots and other foreign cars.

After International Leasing was merged in 1964 into Hubbard, Westervelt Mottelay Inc. -- which would be bought in 1968 by Merrill Lynch, Pierce, Fenner & Smith Inc. -- Carey led the executive committee. He was head of real estate and equipment financing at Loeb, Rhodes & Co. and director of corporate finance at DuPont, Glore Forgan Inc.

In 1973, he formed W.P. Carey with his brother, Francis J. Carey, and brother-in-law, Raymond S. Clark. His brother survives him, as do numerous nieces and nephews, according to his firm.


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