A descendant of a major donor to a law school demanded that the institution pay back $3.6 billion after a decision was made to change the school name.
A descendant of a major donor to a law school demanded that the institution pay back $3.6 billion after a decision was made to change the school name.
Williams was a wealthy 19th-century businessman who owned tobacco companies, a graduate, and trustee of the University of Richmond. Williams’ family donated $25,000 to fund the law school following his death. Smith said the university could write a note for the remaining $300 million “providing that it is secured by all the campus buildings and all your woke faculty pledge their personal assets and guarantee the note.”
Smith continued, “The university’s endowment is $3.3 billion. Since you and your activists went out of your way to discredit the Williams name, and since presumably the Williams family’s money is tainted, demonstrate your ‘virtue’ and give it all back.”
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