Couple pledges $9 million to The Citadel

CHARLESTON, S.C. (WCIV) - A Citadel graduate and his wife pledged $9.1 million to the school for its leadership development curriculum, Citadel officials announced Friday.

"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.

Gay and Bill Krause, '63, made the gift. The gift was announced at the colleges sixth annual Principled Leadership Symposium, a two-day conference on leadership and ethics.

The symposium sponsored by the Krause Center for Leadership and Ethics "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," a release from The Citadel states.

"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 benot 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."

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.

"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."

Krause 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.