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William Edward Simon (November 27, 1927 – June 3, 2000) was an American businessman and philanthropist who served as the 63rd
United States Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
. He became the Secretary of the Treasury on May 9, 1974, during the
Nixon administration Richard Nixon's tenure as the 37th president of the United States began with his first inauguration on January 20, 1969, and ended when he resigned on August 9, 1974, in the face of almost certain impeachment because of the Watergate Scanda ...
. After Nixon resigned, Simon was reappointed by President
Gerald Ford Gerald Rudolph Ford Jr. ( ; born Leslie Lynch King Jr.; July 14, 1913December 26, 2006) was an American politician who served as the 38th president of the United States from 1974 to 1977. He was the only president never to have been elected ...
and served until 1977 when President
Jimmy Carter James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party (United States), Democratic Party, he previously served as th ...
took office. Outside of government, he was a successful businessman and philanthropist. The
William E. Simon Foundation William Edward Simon (November 27, 1927 – June 3, 2000) was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon admi ...
carries on this legacy. He styled himself as a strong advocate of
laissez-faire capitalism ''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. ...
. He wrote, "There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system".


Early life and career

Simon was born in
Paterson, New Jersey Paterson ( ) is the largest city in and the county seat of Passaic County, in the U.S. state of New Jersey.Blair Academy Blair Academy is a coeducational, boarding and day school for students in high school. The school serves students from ninth through twelfth grades as well as a small post-graduate class. The school's campus is located on a campus in Blairs ...
and graduated from
Newark Academy Newark Academy is a coeducational private day school located in Livingston, in Essex County, New Jersey, United States, serving students in sixth through twelfth grades. The school has been accredited by the Middle States Association of Coll ...
, where he focused more on sports than scholastic pursuits. After service in the
infantry Infantry is a military specialization which engages in ground combat on foot. Infantry generally consists of light infantry, mountain infantry, motorized infantry & mechanized infantry, airborne infantry, air assault infantry, and mar ...
of the
US Army The United States Army (USA) is the land service branch of the United States Armed Forces. It is one of the eight U.S. uniformed services, and is designated as the Army of the United States in the U.S. Constitution.Article II, section 2, cla ...
, he received his B.A. in 1952 from
Lafayette College Lafayette College is a private liberal arts college in Easton, Pennsylvania. Founded in 1826 by James Madison Porter and other citizens in Easton, the college first held classes in 1832. The founders voted to name the college after General Laf ...
in
Easton, Pennsylvania Easton is a city in, and the county seat of, Northampton County, Pennsylvania, United States. The city's population was 28,127 as of the 2020 census. Easton is located at the confluence of the Lehigh River, a river that joins the Delaware Ri ...
. There, he was a member of
Delta Kappa Epsilon Delta Kappa Epsilon (), commonly known as ''DKE'' or ''Deke'', is one of the oldest fraternities in the United States, with fifty-six active chapters and five active colonies across North America. It was founded at Yale College in 1844 by fiftee ...
fraternity (Rho Chapter). In his later life, Simon was a member of the board of trustees from 1972 to 1973. He began his career with Union Securities in 1952. He served as vice president of Weeden & Co. before he became the senior partner in charge of the Government and Municipal Bond Departments at
Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street durin ...
, where he was a member of the firm's seven-man Executive Committee.


Federal government service

At the time of his nomination as Treasury Secretary, Simon was serving as Deputy Secretary of the Treasury, a post he had held from January 22, 1973. As Deputy Secretary, he supervised the Nixon administration's program to restructure and improve U.S. financial institutions. He also served as the first Administrator of the Federal Energy Office. From December 4, 1973, Simon simultaneously launched and administered the
Federal Energy Administration The Federal Energy Administration (FEA) was a United States government organization created in 1974 to address the 1970s energy crisis, and specifically the 1973 oil crisis.Staff report (May 8, 1974). Energy Crisis Still With Us, Nixon Warns. ''Los ...
at the height of the oil embargo. As such he became known as the high-profile "
Energy Czar Energy Czar, and also later Climate Czar, is a nickname, using the political term "czar", for the person in the government of the United States given authority over energy or climate policy within the executive branch. This has never been the offi ...
", and represented a revitalization of the "czar" term in U.S. politics. He also chaired the President's Oil Policy Committee and was instrumental in revising the mandatory oil import program in April 1973. Simon was a member of the President's Energy Resources Council and continued to have major responsibility for coordinating both domestic and international energy policy. In August 1974, only three months after Simon became Secretary of the Treasury, President Nixon resigned. Simon was asked to continue to serve at Treasury by President
Gerald R. Ford, Jr. Gerald Rudolph Ford Jr. ( ; born Leslie Lynch King Jr.; July 14, 1913December 26, 2006) was an American politician who served as the 38th president of the United States from 1974 to 1977. He was the only president never to have been elected ...
, who shortly afterward appointed him chairman of the Economic Policy Board and chief spokesman for the administration on economic issues. On April 8, 1975, President Ford also named him chairman of the newly created East-West Foreign Trade Board, established under the authority of the
Trade Act of 1974 The Trade Act of 1974 (, codified at ) was passed to help industry in the United States become more competitive or phase workers into other industries or occupations. Fast track authority The Trade Act of 1974 created fast track authority fo ...
. In 1977, Simon received the Alexander Hamilton Award, the Treasury Department's highest honor. In 1976, while serving as Secretary of the Treasury, President
Anwar Sadat Muhammad Anwar el-Sadat, (25 December 1918 – 6 October 1981) was an Egyptian politician and military officer who served as the third president of Egypt, from 15 October 1970 until his assassination by fundamentalist army officers on 6 ...
of
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning the North Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via a land bridg ...
presented Simon with the Collar of the Republic/
Order of the Nile The Order of the Nile (''Kiladat El Nil'') was established in 1915 and was one of the Kingdom of Egypt's principal orders until the monarchy was abolished in 1953. It was then reconstituted as the Republic of Egypt's highest state honor. Sultana ...
. Simon's term as Secretary of the Treasury ended on January 20, 1977. As Treasury Secretary, Simon claimed to support free markets and to spurn government policies that either subsidized or penalized businesses. In Simon's own words:
Throughout the last century the attachment of businessmen to free enterprise has weakened dramatically as they discovered they could demand – and receive – short-range advantages from the state ... I watched with incredulity as businessmen ran to the government in every crisis, whining for handouts or protection from the very competition that has made this system so productive.


Later business career

Simon attempted to purchase controlling interest in the
Baltimore Orioles The Baltimore Orioles are an American professional baseball team based in Baltimore. The Orioles compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. As one of the American League's eight charter ...
from
Jerold Hoffberger Jerold Charles Hoffberger (April 7, 1919 – April 9, 1999) was an American businessman. He was president of the National Brewing Company from 1946 to 1973. He was also part-owner of the Baltimore Orioles of the American League from 1954 to 1965 ...
for $12 million, but it aroused fears that he was going to move the franchise to Washington, D.C. Negotiations which began in the summer of 1978 ended when he withdrew his offer on February 5, 1979. He bitterly complained, "Mr. Hoffberger wants to play both ends against the middle. Well, he can forget this end. I think at this point and at this time the game is over. He has damaged the merchandise and acted in bad faith. I think I've been played dirty pool everywhere to Sunday." The Orioles were acquired at the same price six months later on August 2 by Edward Bennett Williams who had represented Simon in those negotiations. Simon was a pioneer of the
leveraged buyout A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...
(LBO) in the 1980s. Following government service, Simon was a Vice Chairman at Blyth Eastman Dillon for three years, He and his partner, then co-founded with Ray Chambers, a tax accountant, Wesray Capital Corporation (Simon contributing the "Wes" and Chambers contributing the "ray" based on his initials), an LBO firm that bought and sold, among others, the Gibson Greeting Card Company, Anchor Glass, and the Simmons Mattress Company, typically investing tiny fractions of their own money and including significant debt to complete the purchase from prior shareholders, and then selling the companies whole or piecemeal after making changes that "often included job cutbacks and other short-term cost-reduction measures.". In 1982, Wesray invested approximately $1 million in equity capital (with Simon contributing $330,000) and borrowed another $79 million to take private a Cincinnati-based greeting card company,
Gibson Greetings American Greetings Corporation is a privately owned American company and is the world's second largest greeting card producer behind Hallmark Cards. Based in Westlake, Ohio, a suburb of Cleveland, the company sells paper greeting cards, electr ...
, for $80 million. Eighteen months later, the company was taken public again, with a value of $290 million, and Simon's $330,000 investment was worth $66 million. In 1984, he launched WSGP International, which concentrated on investments in real estate and financial service organizations in the western United States and on the Pacific Rim. In 1988, together with sons William E. Simon Jr. and J. Peter Simon, he founded William E. Simon & Sons, a global
merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...
with offices in
New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delawa ...
,
Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world ...
, and
Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...
. The firm is now extensively involved in providing
venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which h ...
. In 1990, he partnered with several investors to form Catterton-Simon Partners, a
private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...
firm focused on beverages and other consumer products, which today is known as
Catterton Partners L Catterton is a U.S.-headquartered private equity firm. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry. L Catterton is led by its co-Chief Executive Officers, J. Michael Chu and S ...
. In the Anchor Glass case, Simon made millions more through deals with the company wherein the company leased its land, buildings, and equipment from Simon. Wesray also received banking fees for handling the subsequent purchase by Anchor of Midland Glass Company. Anchor Glass also bought casualty, liability, employee health and benefit insurance from a brokerage firm partially owned by Simon. The Anchor Glass corporate headquarters in Tampa was leased from Simon. Anchor Glass later admitted in an SEC filing, that "these arrangements ... were not the result of arm's length bargaining ... ndwere not ... favorable to the company". Anchor Glass was finally bought by a Mexican company, Vitro, S.A. Simmons Mattress Company, a company founded in 1886, was bought by Wesray and partners bought in 1986 for $120 million and sold it in 1989 for $241 million. By the late 1980s, Forbes magazine was estimating Simon's wealth at $300 million. During his business career, Simon served on the boards of over thirty companies including
Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from St ...
,
Citibank Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...
,
Halliburton Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations. In 2009, it was the world's second largest oil field service company. It has operations in more than 70 countries ...
,
Dart & Kraft Mondelez International, Inc. ( ), often styled Mondelēz, is an American multinational confectionery, food, holding and beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26 billion and operates i ...
, and
United Technologies United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, ...
. In 2017, William E. Simon & Sons merged with Massy Quick & Company in an all-equity transaction.


Personal life

Simon was a resident of
Harding Township, New Jersey Harding Township is a township in Morris County, New Jersey, United States. It is located in the Raritan Valley region within the New York Metropolitan area. The township was formed as a township by an act of the New Jersey Legislature on Sept ...
.Garbarine, Rachelle
"If You're Thinking of Living in: Harding"
''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', June 10, 1990. Accessed September 14, 2018. "Among its residents are William E. Simon, the former Secretary of the Treasury, and Robert P. Luciano, the chairman of Schering-Plough, the pharmaceutical company."
The
superyacht A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to ...
''Itasca'' was owned by Simon, the first such yacht to pass through the
Northwest Passage The Northwest Passage (NWP) is the sea route between the Atlantic and Pacific oceans through the Arctic Ocean, along the northern coast of North America via waterways through the Canadian Arctic Archipelago. The eastern route along the ...
, followed by a visit to Antarctica. He was married first to Carol Girard in 1950. William and Carol Simon had two sons and five daughters (
Bill Bill(s) may refer to: Common meanings * Banknote, paper cash (especially in the United States) * Bill (law), a proposed law put before a legislature * Invoice, commercial document issued by a seller to a buyer * Bill, a bird or animal's beak Pla ...
, J. Peter, Mary Beth, Carol Leigh, Aimee, Julie Ann and Johanna) and 27 grandchildren. She died in 1995. Simon married his second wife, Tonia Adams Donnelley in 1996. Simon died of complications of
pulmonary fibrosis Pulmonary fibrosis is a condition in which the lungs become scarred over time. Symptoms include shortness of breath, a dry cough, feeling tired, weight loss, and nail clubbing. Complications may include pulmonary hypertension, respiratory failu ...
at the age of 72, on June 3, 2000 in
Santa Barbara, California Santa Barbara ( es, Santa Bárbara, meaning " Saint Barbara") is a coastal city in Santa Barbara County, California, of which it is also the county seat. Situated on a south-facing section of coastline, the longest such section on the West ...
. He was buried in Laurel Grove Memorial Park,
Totowa, New Jersey Totowa (pronounced "TO-tuh-wuh" ) is a borough in Passaic County, New Jersey, United States. As of the 2010 United States census, the borough's population was 10,844,Bill Simon, was the Republican nominee for
governor of California The governor of California is the head of government of the U.S. state of California. The governor is the commander-in-chief of the California National Guard and the California State Guard. Established in the Constitution of California, t ...
in 2002. A daughter, Mary Beth Simon, was married to Dana Streep, brother of actress
Meryl Streep Mary Louise Meryl Streep (born June 22, 1949) is an American actress. Often described as "the best actress of her generation", Streep is particularly known for her versatility and accent adaptability. She has received numerous accolades throu ...
.


U.S. Olympic Committee

Simon was an active member of the
United States Olympic Committee The United States Olympic & Paralympic Committee (USOPC) is the National Olympic Committee and the National Paralympic Committee for the United States. It was founded in 1895 as the United States Olympic Committee, and is headquartered in Col ...
for many years. He served as treasurer from 1977 to 1981 and as President of the U.S. Olympic Committee from 1981 to 1985, which included the 1984 Games in
Sarajevo Sarajevo ( ; cyrl, Сарајево, ; ''see names in other languages'') is the capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its administrative limits. The Sarajevo metropolitan area including Sarajevo ...
and
Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world ...
. He chaired the U.S. Olympic Foundation, created with the profits of the
Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world ...
games, from 1985 through 1997, and was inducted into the
U.S. Olympic Hall of Fame The United States Olympic & Paralympic Hall of Fame is an honor roll of the top American Olympic and Paralympic athletes headquartered at the United States Olympic & Paralympic Museum, opened in April 2020 in Colorado Springs, Colorado. The Hall ...
in 1991. An additional athletics-related honor came on October 11, 1975, when Simon threw out the first pitch of the
1975 World Series The 1975 World Series was the championship series of Major League Baseball's (MLB) 1975 season. The 72nd edition of the World Series, it was a best-of-seven playoff played between the American League (AL) champion Boston Red Sox and the Natio ...
at Boston's
Fenway Park Fenway Park is a baseball stadium located in Boston, Massachusetts, United States, near Kenmore Square. Since 1912, it has been the home of the Boston Red Sox, the city's American League baseball team, and Boston Braves (baseball), since 1953, i ...
on behalf of President Ford. Simon received numerous awards during his career in sports. Among them are the
Olympic Torch The Olympic flame is a symbol used in the Olympic movement. It is also a symbol of continuity between ancient and modern games. Several months before the Olympic Games, the Olympic flame is lit at Olympia, Greece. This ceremony starts the Olym ...
and the Olympic Order, the highest honors, respectively, of the United States Olympic Committee and the
International Olympic Committee The International Olympic Committee (IOC; french: link=no, Comité international olympique, ''CIO'') is a non-governmental sports organisation based in Lausanne, Switzerland. It is constituted in the form of an association under the Swis ...
. Simon served as an officer or on the board of the Jesse Owens Foundation, the
Basketball Hall of Fame The Naismith Memorial Basketball Hall of Fame is an American history museum and hall of fame, located at 1000 Hall of Fame Avenue in Springfield, Massachusetts. It serves as basketball's most complete library, in addition to promoting and pre ...
, the National Tennis Foundation and Hall of Fame, the U.S. Amateur Boxing Foundation, the
Women's Sports Foundation The Women's Sports Foundation (WSF) is a 501(c)(3) educational nonprofit charity focused on female involvement in sports. Founded in 1974 by tennis player Billie Jean King and initially supported by Olympic athletes Donna de Varona and Suzy Chaffe ...
, and the World Cup '94 Organizing and Executive Committees.


Legacy

At the
US Military Academy The United States Military Academy (USMA), also known metonymically as West Point or simply as Army, is a United States service academy in West Point, New York. It was originally established as a fort, since it sits on strategic high groun ...
at West Point, he established the William E. Simon Center for the Professional Military Ethic and at the
US Air Force Academy The United States Air Force Academy (USAFA) is a United States service academy in El Paso County, Colorado, immediately north of Colorado Springs. It educates cadets for service in the officer corps of the United States Air Force and Unit ...
, he established the William E. Simon Center for Strategic Studies, as well as a Simon professorship. In 1976, Simon received the U.S. Senator John Heinz Award for Greatest Public Service by an Elected or Appointed Official, an award given out annually by Jefferson Awards. In 1978, Simon and
Irving Kristol Irving Kristol (; January 22, 1920 – September 18, 2009) was an American journalist who was dubbed the "godfather of neoconservatism". As a founder, editor, and contributor to various magazines, he played an influential role in the intellectua ...
founded The Institute For Education Affairs which as a result of a merger with the Madison Center became the Madison Center for Educational Affairs in 1990. Simon served as President of the
John M. Olin Foundation The John M. Olin Foundation was a conservative American grant-making foundation established in 1953 by John M. Olin, president of the Olin Industries chemical and munitions manufacturing businesses. Unlike most other foundations, it was charg ...
and as trustee of The
John Templeton Foundation The John Templeton Foundation (Templeton Foundation) is a philanthropic organization that reflects the ideas of its founder, John Templeton, who became wealthy via a career as a contrarian investor, and wanted to support progress in religious a ...
. He has also served on the boards of many of America's premier think tanks, including
The Heritage Foundation The Heritage Foundation (abbreviated to Heritage) is an American conservative think tank based in Washington, D.C. that is primarily geared toward public policy. The foundation took a leading role in the conservative movement during the presi ...
and the
Hoover Institution The Hoover Institution (officially The Hoover Institution on War, Revolution, and Peace; abbreviated as Hoover) is an American public policy think tank and research institution that promotes personal and economic liberty, free enterprise, a ...
. He was the author of two best-selling books, ''A Time for Truth'' in 1978 (ghostwritten by
libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's en ...
author Edith Efron) and ''A Time for Action'' in 1980. In recognition of his leadership in business, finance and public service, the Graduate School of Management at the
University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of ...
was renamed the
William E. Simon Graduate School of Business Administration Simon Business School (formerly known as the William E. Simon Graduate School of Business Administration) is the business school of the University of Rochester. It is located on the university's River Campus in Rochester, New York. It was rename ...
in 1986. That same year, Simon received the Golden Plate Award of the
American Academy of Achievement The American Academy of Achievement, colloquially known as the Academy of Achievement, is a non-profit educational organization that recognizes some of the highest achieving individuals in diverse fields and gives them the opportunity to meet ...
. Simon Sr. was, according to an account in an October 26, 2007 ''Washington Post'' profile of his son, William Simon Jr., "a legendary architect of the modern conservative movement". Along with detailing Simon Sr.'s importance within the tradition of conservatism, the profile summarizes him as "legendarily mean" and quotes Simon Sr.'s friend,
Ed Feulner Edwin John Feulner Jr. (born August 12, 1941) is a former think tank executive who founded the conservative think tank The Heritage Foundation and served as its president from 1977 to 2013 and again from 2017 to 2018. Feulner's positions have in ...
, president of
the Heritage Foundation The Heritage Foundation (abbreviated to Heritage) is an American conservative think tank based in Washington, D.C. that is primarily geared toward public policy. The foundation took a leading role in the conservative movement during the presi ...
, describing Simon Sr. as "a mean, nasty, tough bond trader who took no BS from anyone." It relates as an example of this aspect of his character that Simon Sr. "would awaken his children on weekend mornings by dousing their heads with buckets of cold water." ''The Washington Posts profile of Simon Jr. analysizes the lasting impact of Watergate on Simon Sr. this way:
... Simon r.came away from the experience of Watergate with a disgust for the partisan character of the affair, and the capital. The experience of ixon'simpeachment convinced him ..not that partisanship was necessarily poisonous, but that his opponents were far better at partisanship than his side was. .. Simon would spend the remainder of his life helping to redress the balance ...
Since 2001, the
William E. Simon Prize for Philanthropic Leadership The William E. Simon Prize for Philanthropic Leadership is an annual award given by the William E. Simon Foundation in honor of its founder, former Secretary of the Treasury and financier William E. Simon, and administered by the Philanthropy Ro ...
has been awarded to distinguished living donors, including
John T. Walton John Thomas Walton (October 8, 1946 – June 27, 2005) was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholars ...
,
John Templeton Sir John Marks Templeton (29 November 1912 – 8 July 2008) was an American-born British investor, banker, Asset management, fund manager, and philanthropist. In 1954, he entered the Mutual fund, mutual fund market and created the Franklin Temp ...
, and
Phil Anschutz Philip Frederick Anschutz ( ; born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and mu ...
. In 2004, the
Intercollegiate Studies Institute The Intercollegiate Studies Institute (ISI) is a nonprofit educational organization that promotes conservative thought on college campuses. It was founded in 1953 by Frank Chodorov with William F. Buckley Jr. as its first president. It sponsor ...
dedicated a $40,000 cash prize in honor of Secretary Simon. Each year since, the William E. Simon Fellowship for Noble Purpose has been awarded to a college senior desiring to live a life dedicated to serving humanity.


William E. Simon Scholarship Fund

The William E. Simon Scholarship Fund provides financial assistance for academically highly qualified students of the Pontifical University of Saint Thomas Aquinas, ''Angelicum'' who live in Rome and who would otherwise lack the resources to cover their educational expenses. Each scholarship award provides no more than 40% of the total annual expense of tuition, room, board, and related fees and expenses. Annually, the William E. Simon Scholarship Fund allocates 50% of the scholarship fund for lay students.


Notes


Further reading

* * , - , - {{DEFAULTSORT:Simon, William E. 1927 births 2000 deaths 20th-century American politicians Blair Academy alumni Deaths from pulmonary fibrosis Ford administration cabinet members Knights of Malta Newark Academy alumni Lafayette College alumni New Jersey Republicans Nixon administration cabinet members Military personnel from New Jersey People from Harding Township, New Jersey Politicians from Paterson, New Jersey Private equity and venture capital investors The Heritage Foundation United States Secretaries of the Treasury Lafayette College trustees Presidents of the United States Olympic Committee John M. Olin Foundation Member of the Mont Pelerin Society