OUR LEADERSHIP - Jefferson Scholars Foundation

our leadership
A view from the Fellows Center Reading Room into the
courtyard. Model ship built by Ray Lamas, the Melville
Foundation Fellow (Darden School of Business).

2010
from the chairman
and president
A t this time last year the Jefferson
Scholars Foundation had just completed the
most challenging year in its history. The
turmoil in the financial markets had produced
a 21% investment loss for the
G. Moffett Cochran James H. Wright
endowment. This situation necessitated important but rather dramatic
cutbacks in the number of scholarships and fellowships offered by the
Foundation.
What a difference a year makes! In 2010, the endowment generated a
solid 15.1% return. Development activity produced an additional 10.3
million dollars in cash flow. The positive portfolio performance allowed
us to return to our usual pattern of increasing the number of scholarship
recipients in the entering class. We are delighted that the Class of 2014 is
10% larger than the Class of 2013.
The past fiscal year was also one of significant change. Most noteworthy is the successful
completion of the Jefferson Fellows Center and the Foundation’s administrative offices. The
32,700 square-foot facility became fully operational just in time for the arrival of the 101
finalists in this year’s undergraduate scholarship competition. The building, which features
38 geothermal wells for ground-source heat pumps, roofs designed to harvest rainwater for
irrigation, and high-performance windows to maximize daylight, is on the cutting edge
of environmentally sustainable design. It provides Jefferson Fellows with ample space for
teaching and research and permits the Foundation to sponsor a variety of activities for the
University community that only could be imagined before.
The Foundation also undertook a significant review of its governance structure. Working
closely with the U.Va. Alumni Association, which created the Jefferson Scholarship Program
three decades ago, the Foundation’s Board of Directors identified several areas, including

jefferson scholars foundation 2010
accounting responsibility, audit engagement procedures,
investment responsibility, and the manner in which the
Foundation’s Chairman is appointed, that will require revisions
to the Foundation’s governance documents. The Foundation
and the Alumni Association approved a Memorandum of
Understanding that when implemented will produce changes
that will reflect best governance practices and will help assure the
Foundation’s continued growth.
In his role as chairman of the Board, Rick Kellogg played a critical role in both the
completion of the building and the improvements in the governance structure. On April
16, 2010, the Board of Directors approved a resolution expressing gratitude to Mr. Kellogg
for his remarkable leadership. Moffett Cochran assumed the role of chairman from him and
Mark Pirrung was elected vice chairman at the same time.
At its core the Foundation remains focused on its mission of attracting some of the
world’s most talented leaders and scholars to the University. Both the undergraduate
and graduate selection processes again produced outstanding results. The undergraduate
competition was especially rigorous. We received a record 1,226 nominations, due primarily
to the addition of three new selection regions (Rhode Island, Mississippi, and the United
Kingdom) and the decision to accept two nominations from those participating schools
that felt they had two worthy candidates. The 101 finalists, who hailed from all over the
world, congregated in Charlottesville on the weekend of March 26-28. As a result of these
deliberations, 27 remarkably talented individuals from 13 states and 3 foreign countries will
compose our 30th entering undergraduate class.
our new building
provides jefferson
fellows with ample
space for teaching and
research and permits
the foundation to
sponsor a variety of
activities for the
university community
that only could be
imagined before.
Fifty-six finalists in our graduate competition (another new record) from 21 different
departments of the Graduate School of Arts & Sciences, the Darden School, and the Law
School spent the weekend of February 18-20 in Charlottesville. The entering class will
include five recipients from the College and one from the Darden School. For the first
time the Foundation conducted a dissertation year fellowship competition to identify a
current Ph.D. candidate in the College whose academic record is exceptional and who
has demonstrated an unusual eagerness to share knowledge with a broad audience. We are
pleased that the Foundation’s first recipient of the Dissertation Year Fellowship will join our
community of Scholars and Fellows for the 2010-11 year.

leadership
The record of achievement written by the enrolled Scholars and Fellows continues to
make us proud. The 2010 graduating class included 15 members selected to live on the
Lawn, the chair and a vice chair of the Honor Committee, the student representative
to the Board of Visitors, the recipient of the Ernest H. Ern Outstanding Student award,
the president of the Student Council, the president of the Inter-Fraternity Council, the
Algernon Sydney Sullivan Award recipient, and the president of the Class of 2010. Among
WHEREAS, in accepting chairmanship of the Jefferson Scholars Foundation Richard
C. Kellogg Jr. set out to achieve dual objectives of improving the Foundation’s governance
and building the Foundation’s new home, and
WHEREAS, under Rick’s untiring leadership the Foundation has effected an
agreement with the Alumni Association which will greatly improve the Foundation’s
governance, and
WHEREAS, as a direct result of Rick’s vision, perseverance, and commitment the
Foundation has successfully financed and built the Foundation’s new home and center
for its graduate fellows, and
WHEREAS, his vision for the Jefferson Fellows Center inspired the creation of a
physical space that will foster academic excellence and interdisciplinary conversation of
the highest order, and
WHEREAS, he has always and consistently led the Foundation with exceptional grace,
humility, and wisdom, and
WHEREAS, he has always and consistently placed the interests of the Jefferson
Scholars Foundation ahead of any competing forces or other distractions, and
WHEREAS, and foremost, he personally represents the highest ideals of leadership,
scholarship, and citizenship, now therefore the Board of Directors of the Jefferson
Scholars Foundation hereby extends to Richard C. Kellogg Jr. its enduring gratitude and
admiration for a job exceedingly well done.

jefferson scholars foundation 2010
the post-graduate honors received by the Class of 2010 were a Luce Scholarship, a Gates
Cambridge Scholarship, and a Coro Fellowship. The cumulative GPA for the class was 3.78.
The Scholars and Fellows returning to the Grounds are well positioned to continue the
legacy of achievement to which they are rightful heirs. Seven members of the Fourth-Year
Class will live on the Lawn. A chair of the Resident Staff Program, two members of the
Honor Committee, and the chair for the representative body for the Student Council are
all Jefferson Scholars. A Jefferson Fellow will serve as president of the Raven Society, and
another received a prestigious three-year pre-doctoral fellowship from the National Science
Foundation.
Another noteworthy event occurred during Final Exercises when the first recipients of the
Hartfield-Jefferson Scholars Teaching Prize were announced. Made possible by a $1 million
gift from an anonymous benefactor, the Teaching Prize recognizes and rewards faculty
members at the School of Engineering and Applied Science who have compiled a record
of outstanding undergraduate teaching. The first recipients each received a cash prize of
$12,500.
This year also saw the Foundation lose two men who meant a great deal to us. Frank
Batten Sr. was among the Foundation’s earliest benefactors, providing a named scholarship
at a critical time in our existence. His interest in our work continued vicariously through his
daughter Dorothy’s service on the Board of Directors. Norman Graebner’s death also left a
void. Professor Graebner was a devoted friend and advocate in the latter years of his life and
is the only recipient of the Jefferson Scholars Foundation Award for Excellence, granted to
him in the fall of 2006.
As the Foundation celebrates its 30th year, its future is exceedingly bright. The new
building will host several exciting events in the coming year, including the second Forum
for Interdisciplinary Dialogue and the second reunion of all Jefferson Scholar alumni.
The Jefferson Fellows Center will host teaching assistant sections led by Jefferson Fellows,
seminars led by University faculty, and lectures by invited scholars who will stimulate
intellectual discourse for the entire University community. The selection competition in
both the undergraduate and graduate programs will continue to attract to the Grounds
remarkably talented students who otherwise would not come to the University.
None of this could occur without the selfless service provided by hundreds of
volunteers who serve on our selection committees, on the National Advisory Board, on the
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leadership
Campaign Committee, and our Board of Directors. We thank all who have helped
the Foundation reach this milestone in its history, and we invite others to join the
exciting intellectual community that will continue to bring further distinction to the
Foundation and to the University.
G. Moffett Cochran James H. Wright
Chairman
President
back row: Mike Lutz, Controller; Pat Ingram, Director of Development; Helen Dwyer, Director of Business Planning and Operations;
Kevin Murray, Director of Gift Planning; Patrick Garcia, Associate Director of Development; Joanne Payne, Executive Assistant for
Development; Lew Burrus, Director of Technology.
front row: Donna Slough, Senior Executive Assistant; Joy Vaughan, Senior Administrative Assistant for Undergraduate Scholarship
Program; Nina Barker, Director of Undergraduate Scholarship Program; Karen Tapscott, Senior Administrative Assistant for Graduate
Fellowship Program; Jimmy Wright, President; Carmen Holmes, Event Coordinator/Administrative Assistant; Leah Sutker, Financial Analyst;
Lauren Ross, Foundation Program Analyst; Doug Trout, Director of Graduate Fellowship Program.
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jefferson scholars foundation 2010
board of directors 2010-11
The Board of Directors is responsible for exercising all corporate matters and for managing the
business and affairs of the Jefferson Scholars Foundation.
G. MOFFETT COCHRAN (Col ’73, Law ’76)
CHAIRMAN
Chief Executive Officer
Silvercrest Asset Management Group LLC
New York, New York
C. MARK PIRRUNG (Col ’73)
VICE CHAIRMAN
Chief Executive Officer
Atlanta Beverage Company
Atlanta, Georgia
LEE S. AINSLIE III (Engr ’86)
Managing Partner
Maverick Capital
New York, New York
THOMAS J. BALTIMORE JR. (Com ’85, GSBA ’91)
President and Chief Executive Officer
RLJ Development LLC
Bethesda, Maryland
RICHARD M. BERKELEY (Col ’74, Law ’80, GSBA ’80)
Partner
Camden Partners Holdings LLC
Baltimore, Maryland
MARY SCOTT BIRDSALL (Educ ’66)
Schelford Farm
Charlottesville, Virginia
WILLIAM F. BLUE JR. (Col ’81, GSBA ’86)
Vice Chairman, Investment Banking and
Capital Markets
Wells Fargo Securities
Charlotte, North Carolina
DAVID L. BOWLIN (Col ’69)
Memphis, Tennessee
GREGORY L. CURL (Grad ’71)
Charlotte, North Carolina
CLAIBORNE P. DEMING
Chair of Executive Committee
Murphy Oil Corporation
El Dorado, Arkansas
THOMAS F. FARRELL II (Col ’76, Law ’79)*
Chairman, President and Chief Executive Officer
Dominion Resources, Inc.
Richmond, Virginia
C. THOMAS FAULDERS III (Col ’71)**
President and Chief Executive Officer
U. Va. Alumni Association
Charlottesville, Virginia
GERTRUDE J. FRASER*
Vice Provost for Faculty Advancement and Associate Professor
University of Virginia
Charlottesville, Virginia
PETER M. GRANT (Col ’78, GSBA ’86)
Partner
Stone Arch Capital
Minneapolis, Minnesota
VICTORIA D. HARKER (Col ’86)**
Executive Vice President and Chief Financial Officer
AES Corporation
Arlington, Virginia
LANDON HILLIARD III (Col ’62)***
Partner
Brown Brothers Harriman & Company
New York, New York
DOUGLAS S. HOLLADAY JR. (Col ’69, GSBA ’76)
Operating Partner
Meritage Private Equity Funds
Atlanta, Georgia
SEALY H. HOPKINSON (Col ’83)
Huntington, New York
TIMOTHY J. INGRASSIA (Col ’86)
Partner and Head of Mergers & Acquisitions of Americas
Goldman, Sachs & Company
New York, New York
RICHARD C. KELLOGG JR. (Col ’74)
Chair
Basic Management, Inc.
Houston, Texas
LAURA DAVIES MATEO (Col ’79)
Mount Pleasant, South Carolina
JOHN D. MILTON JR. (Col ’67)
Chief Financial Officer and Vice President
Patriot Transportation Holdings, Inc.
Jacksonville, Florida
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leadership
PETER QUICK (Engr ’78)
Former President
American Stock Exchange
Mill Neck, New York
ALAN Y. ROBERTS (Col ’64)**
Charlottesville, Virginia
HAROLD J. RODRIGUEZ JR. (Col ’77)
Chief Administrative Officer and Managing Director
Greenhill & Company, Inc.
New York, New York
W. REID SANDERS (Col ’71)
Private Investor
Chickasaw Partners
Memphis, Tennessee
MARGARET R. SCAIFE
Pittsburgh, Pennsylvania
TODD R. SCHNUCK (Col ’81)
President
Schnuck Markets, Inc.
St. Louis, Missouri
ELIZABETH FITZ SCOTT (Educ ’74)
Baltimore, Maryland
CHARLES C. TOWNSEND III (Col ’71)
Chief Executive Officer and General Partner
Aloha Partners
Providence, Rhode Island
MARY M. WATSON (Col ’78)
Vice-President, Wealth Management Financial Advisor
Smith Barney
Atlanta, Georgia
PHOEBE L. YANG (Col ’91)
General Counsel
National Broadband Task Force
Federal Communications Commission
Washington, D.C.
* representative of Board of Visitors
** ex-officio member
*** emeritus member
Members of the Class of 2012 at the Great Wall of China, May 2010.
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jefferson scholars foundation 2010
national advisory board
Appointed annually by the Jefferson Scholars Foundation Board of Directors, the National
Advisory Board serves as the Foundation’s chief ambassadors and meets once a year with the
Foundation Board.
G. MOFFETT COCHRAN (Col ’73, Law ’76)
CHAIRMAN
Chief Executive Officer
Silvercrest Asset Management Group LLC
New York, New York
ANDREW C. BLAIR (Col ’82)
President and Chief Executive Officer
Colonial Parking, Inc.
Washington, D.C.
STANLEY B. BLAYLOCK (Col ’85)
Sewickley, Pennsylvania
EDWARD J. DOBBS (Col ’93)
President
Dobbs Management Service LLC
Memphis, Tennessee
SAMUEL C. DUDLEY JR. (Col ’85)
Professor and Chief of Cardiology
University of Illinois at Chicago
Chicago, Illinois
WILLIAM B. DUNAVANT III (Col ’82)
President and Chief Executive Officer
Dunavant Enterprises, Inc.
Memphis, Tennessee
R. FOSTER DUNCAN (Col ’76)
Managing Director
Advantage Capital Partners
New Orleans, Louisiana
M. JEROME ELMORE (Col ’70)
Partner
Bondurant Mixson & Elmore
Atlanta, Georgia
ERNEST H. ERN
Senior Vice President, retired
Professor Emeritus
Department of Environmental Sciences
University of Virginia
Charlottesville, Virginia
PATRICK B. FENN (Col ’77, Law ’82)
Partner
Akin, Gump, Strauss, Hauer & Feld
New York, New York
DANIEL F. FISHER JR. (Col ’72)
Associate Professor of Surgery
University Surgical Associates
Lookout Mountain, Tennessee
SUSAN VOIGT GUMMESON (Com ’84)
New Canaan, Connecticut
PETER E. KAPLAN JR. (Com ’96)
Managing Director
Angelo, Gordon & Co.
New York, New York
CURTIS A. KRIZEK (Law ’85)
Managing Director
Prairie Capital Management LLC
Kansas City, Missouri
WILLIAM H. LYON (Col ’91, GSBA ’00)
Vice President
Morgan Stanley-Private Wealth Management
San Francisco, California
KENNETH A. MASOTTI (Com ’85)
Weston, Massachusetts
HENRY H. MCVEY (Col ’91)
Head of Global Macro and Asset Allocation - Global Equity
Morgan Stanley Investment Management
New York, New York
JAY DEAN MILLER (Engr ’87)
President and Chief Executive Officer
Kappametrics, Inc.
Chantilly, Virginia
JEFFREY A. MILLER (Col ’73)
President and Chief Executive Officer
Lovett Golf Company
Naples, Florida
R. TIMOTHY O’DONNELL (Col ’77, JDMBA ’80)
Partner
Jefferson Capital Partners, Ltd.
Richmond, Virginia
STEPHEN C. PEACHER (Com ’86)
Chief Investment Officer
Sun Life Financial
Weston, Massachusetts
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leadership
THOMAS F. PRESTON (Col ’78)
Memphis, Tennessee
BETH B. REAGAN (Col ’81)
Atlanta, Georgia
CHARLOTTE B. ROBBINS
Memphis, Tennessee
EDWARD TODD ROBBINS
Surgeon
Memphis, Tennessee
CAROLE M. ROGIN (Educ ’71)
Vice President
Bostrom Corporation
Washington, D.C.
ERIN LEE RUSSELL (Com ’96)
Principal
Vestar Capital Partners
New York, New York
LAWRENCE D. SCHLANG (Col ’81)
Chief Executive Officer
Bantu, Inc.
Vienna, Virginia
TIMOTHY D. SHEEHAN (Col ’93)
Partner
Beecken Petty O’Keefe & Company
Chicago, Illinois
SUSAN J. THOMAS (Col ’86)
Washington, D.C.
CHRISTOPHER A. TODD (Arch ’84)
Fairfax, Virginia
CHRISTOPHER G. TURNER (Col ’87, GSBA ’91)
Managing Director
Barclays Capital, Inc.
New York, New York
STEPHEN M. VAN BESIEN (Col ’85)
Partner
Cenario Capital Management
New York, New York
DAVID N. WEBB (GSBA ’77)
Partner
SFW Capital Partners LLC
Rye, New York
ROBERT E. L. WILSON V (Col ’74)
Senior Vice President - Investments Financial Consultant
Smith Barney Citigroup
Memphis, Tennessee
C.S. BRENT WINN (Col ’83)
President
Gunston Restoration & Construction
Richmond, Virginia
TODD M. SIMKIN (Col ’97)
Associate Director
Susquehanna International Group
Wynnewood, Pennsylvania
JOHN B. SYER (Col ’61)
President Emeritus
U.Va. Alumni Association
Charlottesville, Virginia
R. BLAIR THOMAS (Col ’84)
Group Managing Director
The TCW Group
Washington, D.C.
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jefferson scholars foundation 2010
alumni association board of managers 2010-11
The Board of Managers oversees the affairs of the University of Virginia Alumni Association. Several
members serve as appointed directors to the Jefferson Scholars Foundation Board of Directors.
ALAN Y. ROBERTS (Col ’64)
CHAIR
Charlottesville, Virginia
VICTORIA DUx HARKER (Col ’86)
VICE CHAIR
McLean, Virginia
M. ALExANDRA ARRIAGA (Col ’87)
Arlington, Virginia
ATIIM K. (TIKI) BARBER (Com ’87)
New York, New York
WILLIAM F. BLUE JR. (Col ’81, GSBA ’86)
Charlotte, North Carolina
DONNA L. BYRD (Col ’92)
Alexandria, Virginia
SHANNON S. CARTER (Com ’81)
Richmond, Virginia
MARGARET H. CHANG (Com ’90)
Los Angeles, California
G. MOFFETT COCHRAN (Col ’73, Law ’76)*****
New Canaan, Connecticut
EMILY S. EWELL (Engr ’07)***
Alexandria, Virginia
JAMES T. FANG (Engr ’95)
Gloucester Point, Virginia
ELIZABETH PHILIPS FOSTER (Com ’82)
Norfolk, Virginia
PETER M. GRANT (Col ’78, GSBA ’86)
Long Lake, Minnesota
OWEN D. GRIFFIN JR. (Com ’93, Grad ’94, GSBA ’99)
Suffolk, Virginia
CHRISTINE P. G USTAFSON (Col ’82)
Paradise Valley, Arizona
Taylor Richardson, the Tampa Area Scholar, Class of 2013, works with young students during an Alternative Spring Break trip to Jamaica.
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leadership
ALExANDER B. HUME (Col ’65)
Hume, Virginia
SHELLY K. L. JOHNSON (Arch ’87)
Raleigh, North Carolina
RICHARD C. KELLOGG JR. (Col ’74)
Houston, Texas
JEFF S. LEE (Arch ’78)
Arlington, Virginia
SANDRA W. LEWIS (Col ’72)
Suffolk, Virginia
TERI LOVELACE (Col ’82)
Richmond, Virginia
BYRON F. MARCHANT (Law ’87)
Arlington, Virginia
VINCENT J. MASTRACCO JR. (Col ’61)*
Norfolk, Virginia
DEANNE E. MAYNARD (Col ’87)
Alexandria, Virginia
FRANCIS D. MCMULLAN (Col ’74)
Atlanta, Georgia
TIMOTHY G. O’SHEA (Col ’81, GSBA ’85)
Richmond, Virginia
NOREEN L. POULSON (Col ’78)
New Canaan, Connecticut
STEPHEN A. RIDDICK (Col ’85)
Silver Spring, Maryland
REGINALD E. RUTLEDGE JR. (Col ’55, GSBA ’59)
Rye Brook, New York
TODD R. SCHNUCK (Col ’81)
St. Louis, Missouri
D. FRENCH SLAUGHTER III (Col ’77, Law ’80)
Charlottesville, Virginia
STEPHEN P. S MILEY (Col ’71)
Dallas, Texas
BRYANT L. STITH (Col ’92)
Lawrenceville, Virginia
TERESA A. SULLIVAN*
Charlottesville, Virginia
JOHN B. SYER (Col ’61)****
Charlottesville, Virginia
E. ARMISTEAD TALMAN (Col ’54, Med ’58)
Richmond, Virginia
MICHELE T. TARBET (Nurs ’74)
Rancho Santa Fe, California
ANN H. TAYLOR (Col ’80, GSBA ’85)
Keswick, Virginia
JOAN STAPLETON TOOLEY (Col ’75)
Billings, Montana
DANIEL VAN CLIEF III (Col ’99)**
Charlottesville, Virginia
MARY M. WATSON (Col ’78)
Atlanta, Georgia
PHOEBE L. YANG (Col ’91)
Washington, D.C.
* representatives of the Board of Visitors
** ex-officio member, President of the
Young Alumni Council
*** ex-officio member, Vice President of the
Young Alumni Council
**** Honorary Life Member
***** ex-officio member, Jefferson Scholars
Foundation
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