Bill and Gay Krause pledge $9 million to The Citadel
Generous gift promotes leadership and launches the college's strategic plan
Citadel supporters Gay and Bill Krause, '63, have once again generously pledged to help The Citadel become the preeminent institution in the nation for the education and development of principled leaders.
The Krauses have committed to giving $9.1 million dollars to support, advance and endow the college's leadership development curriculum. These activities are ingrained in The Citadel educational experience and are led on campus by the Krause Center for Leadership and Ethics, which was created in 2001 with a $2 million gift from the Krauses. The new gift places the Krauses among the top three lifetime donors in the college's history.
"Leadership is the cornerstone of a Citadel education, and Gay and Bill Krause have long been committed to enhancing our ability to educate and train the next generation of ethical leaders to serve our communities and our nation," said Citadel President Lt. Gen. John W. Rosa.
"Along with launching the LEAD Plan 2018, our six-year strategic plan, this major gift will equip The Citadel to become one of the foremost institutions in the nation committed to producing leaders of principle," Rosa said. "At the same time, it will ensure that Gay and Bill's legacy of leadership education at The Citadel will continue for the life of the institution."
Rosa announced the Krause gift today at the college's 6th annual Principled Leadership Symposium, a two-day conference on leadership and ethics that attracts nationally renowned military and business leaders to campus. As the signature event sponsored by the Krause Center for Leadership and Ethics, the symposium attracts student delegates from colleges nationwide to discuss and debate what it means to serve as a leader of principle prepared to meet the challenges facing the nation and the world today.
"Our curriculum will encourage and support a dramatic evolution in the fundamental culture of The Citadel," said Krause. "It makes The Citadel a unique place to be—not only in the state of South Carolina, not only in America, but around the world and internationally as a renowned institution for producing principled leaders. But none of this is possible without the philanthropic support from people like me, people like our alumni, and other friends of The Citadel."
The Krauses' generous gift through The Citadel Foundation will provide vital resources now and in the future, including ongoing operational support for the Krause Center and an endowment to ensure its long-term growth. Part of the gift is an estate plan that will further enhance the Krause Center endowment while providing unrestricted funds for the college's greatest needs.
As part of the gift, Krause has challenged the Class of 1963 to mark its 50th reunion this year by matching his classmates' gifts for a total of $1.25 million to name and endow the Class of 1963 Senior Leadership Integration Experience. This professional development program will help graduating seniors incorporate their ethical reasoning abilities and leadership lessons learned at The Citadel into their professional and personal lives.
"Through their extensive professional accomplishment and community investments, both Bill and Gay Krause have demonstrated their profound commitment to leadership, innovation and education. The Citadel Foundation is pleased to express its gratitude for the Krauses' long-term dedication to principled leadership and the ethical development of students across all aspects of a Citadel education," said TCF Chief Executive Officer Jay Dowd.
Bill Krause, '63, is president of LWK Ventures, a private investment firm specializing in mentor capital. He is perhaps best known for stewarding 3Com Corp. through its high growth years in the 1980s as president and CEO, and subsequently as chairman of the board through 1993 when he retired. Krause's leadership transformed 3Com from a venture capital start-up into a $1 Billion+ publicly traded data networking company with operations worldwide.
Prior to his leadership of 3Com, Krause spent 14 years at Hewlett-Packard, where his final position was general manager of the General Systems Division with worldwide responsibility for the company's personal computer business. Krause also currently serves as a director of Brocade Communications Systems, Inc.; Coherent, Inc.; Core-Mark Holding, Inc.; CommScope, Inc.; and Power Assure. He earned a bachelor's degree in electrical engineering from The Citadel in 1963 and received an honorary doctorate of science in 2000.
Gay Krause, Bill's wife and a former teacher, counselor and middle school principal in Mountain View, Calif., has been instrumental in developing the Krause Center for Innovation, a teacher training center at Foothill College in Los Altos, Calif. As executive director of the Krause Center for Innovation, she has established an outstanding regional professional development center for educators in Silicon Valley and beyond.
The mission of The Krause Center for Leadership and Ethics is to coordinate, promote and enhance the development of curricular and co-curricular programs in leadership and ethics that support The Citadel's vision to lead in the development of principled leaders. The core values of honor, duty and respect form the centerpiece of a Citadel education, which is based on an honor code that expects cadets not to lie, cheat or steal nor tolerate those who do.
With the program's particular emphasis on principled leadership and ethical reasoning, cadets are challenged to study the practice and supporting theory of leadership in everyday life through an interdisciplinary, strategic and action-oriented approach. Regardless of their majors or fields of study, cadets emerge as better problem-solvers, strategists, innovators and team-builders.