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{{Short description|American businessman (1943–2023)}}
{{Infobox person
| name = Robert Addison Day
| image = Robert Day.jpg
| caption =
| birth_name =
| birth_date = {{birth date|1943|12|11}}
| birth_place = [[Los Angeles, California]], U.S.
| death_date = {{death date and given age|2023|09|14|79}}
| death_place = Los Angeles, California, U.S.
| death_cause =
| resting_place =
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| education =
| employer =
| occupation =
| title =
| term =
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| party =
| boards =
| spouse =
* Marlyn Gates
* {{marriage|Kelly Day|||end=divorced}}
* {{marriage|Marina Day|||end=divorced}}
}}
| children = 3
| parents =
| relatives = [[William Myron Keck]]
}}
'''Robert Addison Day'''
==Early life==
Robert Addison Day
==Financial career==
Day started his career at the financial firm White, Weld and Company in New York City.<ref name="brookings">'Robert Addison Day Elected to Board of Trustees', on Brookings Institution website, July 06, 1998 {{cite web |url=http://www.brookings.edu/media/NewsReleases/1998/19980706rday.aspx |archive-url=https://web.archive.org/web/20071102081507/http://www.brookings.edu/media/NewsReleases/1998/19980706rday.aspx |accessdate=2011-11-10 |archive-date=2007-11-02 |title=Robert Addison Day Elected to Board of Trustees - Brookings Institution }}</ref> In 1969, Day founded and managed the portfolio of the Cypress Partners LP, an early example of a hedge fund focusing on recognizing undervalued or overvalued companies.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2015-05-26/tcw-founder-day-hires-ex-tourbillon-s-wang-for-hedge-fund|title=TCW Founder Day Hires Ex-Tourbillon's Wang for Hedge Fund|author=Foxman, Simone|date=May 26, 2015|website=Bloomberg}}</ref> In 1971, he founded the Trust Company of the West (now known as the TCW Group), an asset management firm.<ref name=Global>{{cite web|url=https://www.mansionglobal.com/articles/a-toes-in-the-sand-beachfront-unit-in-cabo-san-lucas-mexico-01637754456|title=A 'Toes-in-the-Sand' Beachfront Unit in Cabo San Lucas, Mexico|author=Kaminer, Michael|date=November 24, 2021|website=Mansion Global}}</ref><ref name=LABJ>{{cite web|url=https://labusinessjournal.com/special-editions/wealthiest-angelenos/wealthiest-2022/30-robert-day/|title=30. Robert Day|author=Staff|date=September 9, 2022|website=Los Angeles Business Journal}}</ref> In 2001, Day sold 70 percent of TCW Group to the [[Société Générale]] for US$2.5 billion, with 30 percent of the company remaining employee-owned.<ref name="forbes">[https://www.forbes.com/lists/2005/54/NMTE.html Forbes profile]</ref>
Day was also the founder and chairman of Oakmont Corporation, a Los Angeles-based, family-owned investment company founded in 1980.<ref name=Global/><ref name=LABJ/>
Day serves on the Board of Directors of [[Freeport-McMoRan]], [[Fisher Scientific]], and Société Générale.<ref name="brookings"/><ref name="nndb"/> He also sits on the Board of Trustees of the [http://www.thepresidency.org/ Center for the Study of the Presidency and Congress] and the [[Brookings Institution]], where he was Chairman from 1990 to 1998.<ref name="brookings"/><ref name="claremont"/> He is a member of the [[Business Council]].<ref name="brookings"/> From 2001 to 2003, he sat on the [[President's Intelligence Advisory Board]].<ref name="nndb"/> He is also a member of the [[Alfalfa Club]], the [[California Club]], the [[Center for Strategic and International Studies]], and the [[Council on Foreign Relations]].<ref name="nndb"/>▼
===Other ventures===
His family are the owners of Cabo Del Sol, an 1,800 acre master planned community located in [[Cabo San Lucas, Mexico]]. In 2021, Day and Oakmont Corporation announced plans for a new [[Four Seasons Hotels and Resorts|Four Seasons Resort and Residences]] on Cabo Del Sol, next to the Cove Club, a 500-acre private club and community located within Cabo Del Sol.<ref>{{cite web|url=https://www.forbes.com/sites/jimdobson/2021/05/19/exclusive-first-look-cabo-san-lucas-will-have-a-second-four-seasons-resort-and-residences/|title=Cabo San Lucas Will Have A New Four Seasons Resort And Residences|author=Dobson, Jim|date=May 19, 2021|website=Forbes}}</ref>
Day, as the controlling owner of the Foley Timber and Land Company, owned approximately 560,000 acres of timberland in Florida, making him one of the largest landowners in Florida at the time. Day's partners in the Foley Timber and Land Company included [[Howard H. Leach]], [[Ken Langone]] and [[Henry Kissinger]]. The timberland was purchased in 1994 from [[Procter and Gamble]], and when it was sold in 2015, it was considered to be the "largest undeveloped tract of private property east of the Mississippi River."<ref name="forbes"/>
In October 2006, Day hosted a fundraiser with then-President [[George W. Bush]], which raised US$1 million for the [[Republican Party (United States)|Republican Party]].<ref name="gabrielsnyder">Gabriel Snyder, [https://variety.com/2006/scene/news/inside-move-h-wood-picks-side-in-campaign-fund-fight-1117951312/ Inside Move: H'wood picks side in campaign fund fight], ''[[Variety (magazine)|Variety]]'', October 04, 2006</ref> In 2015, Day donated $1.1 million to Super PACs supporting Republican presidential candidates [[Jeb Bush]] and [[Carly Fiorina]].<ref name=mddonors>{{cite news|title=Million-Dollar Donors in the 2016 Presidential Race|url=https://www.nytimes.com/interactive/2016/us/elections/top-presidential-donors-campaign-money.html|accessdate=14 October 2015|work=New York Times|date=25 August 2015}}</ref>▼
===Board positions===
In 2007, Day made a gift of $200 million to his alma mater [[Claremont McKenna College]].<ref name="claremont"/><ref>Larry Gordon, 'Claremont McKenna gets huge donation', in ''[[The Los Angeles Times]]'', September 27, 2007 [http://articles.latimes.com/2007/sep/27/local/me-claremont27]</ref>▼
▲Day
==Philanthropy==
Day was an active philanthropist throughout his life making major individual contributions and through the [[W. M. Keck Foundation]] which he chaired and served as CEO of.
==Personal life==▼
▲In 2007, Day made a gift of $200 million to his alma mater [[Claremont McKenna College]], creating the Robert Day Scholars Program. The donation marked the largest recorded gift to a liberal arts college, the largest gift in the field of economics and finance, and among the top 20 gifts ever given to a college or university at the time.<ref name="
=== W. M. Keck Foundation ===
Day was the chairman and former chief executive officer of the [[W. M. Keck Foundation]], named after [[William Myron Keck]]. In 1997 under Day, the W.M. Keck Foundation funded a US$50 million grant for the Claremont Colleges, establishing a graduate-level, application-based scientific research and education program called the Keck Graduate Institute of Applied Life Sciences.<ref name="CMC200">{{cite web|url=https://www.cmc.edu/news/alumnus-robert-daymakes-200-million-gift-toclaremont-mckenna-college|title=Alumnus Robert Day Makes $200 Million Gift to Claremont McKenna College|author=Staff|date=September 27, 2007|website=Claremont McKenna College}}</ref>
=== University of Southern California ===
In 1999, at Day's direction, the W. M. Keck Foundation made a gift of US$110 million to the [[University of Southern California]] in 1999, creating the [[Keck School of Medicine]] of USC. In 2011, the W.M. Keck Foundation made another contribution of US$150 million to USC. The university's academic medical enterprise was named Keck Medicine of USC, comprising Keck Medical Center of USC and the Keck School of Medicine. The Foundation gave another US$10 million to USC in 2017, renaming a building previously known as Healthcare Center 2 to Willametta Keck Day Healthcare Center. The Willametta Keck Day Healthcare Center contains multiple Keck Medicine of USC clinics, covering primary care and surgical specialties.
Nearly US$300 million has been donated to USC by the W.M. Keck Foundation and individual contributions, making the family amongst the university's top benefactors.<ref>{{cite web|url=https://news.usc.edu/trojan-family/keck-foundation-gift-names-willametta-keck-day-healthcare-center/|title=W.M. Keck Foundation Builds on USC Legacy by Naming Health Care Center|author=Di Rado, Alicia|date=Winter 2017|website=University of Southern California}}</ref>
=== University of California Los Angeles ===
Also in 2007, Day and his then-wife donated US$30 million to the UCLA Department of Surgery through the UCLA Foundation, establishing the Robert and Kelly Day Surgical Endowment.<ref>{{cite web|url=https://www.newswise.com/articles/robert-and-kelly-day-donate-30-million-to-establish-ucla-surgical-endowment|title=Robert and Kelly Day Donate $30 Million to Establish UCLA Surgical Endowment|author=Staff|date=November 30, 2007|website=Newswise}}</ref>
=== Martha's Vineyard Public Charter School ===
In September 2015, through the W.M. Keck Foundation, Day donated US$500,000 to the Martha's Vineyard Public Charter School, including US$400,000 for the purpose of creating a new science center named in honor of his close friend Vernon Jordan, a Civil Rights activist, lawyer, Democratic advisor, and longtime Martha's Vineyard summer visitor. The Jordan Science Center opened a year later.<ref>{{cite web|url=https://vineyardgazette.com/news/2015/09/08/generous-donor-hand-charter-school-celebrates-science-wing|title=Generous Donor on Hand, Charter School Celebrates Science Wing|author=Tumin, Remy|date=September 8, 2015|website=The Vineyard Gazette}}</ref><ref>{{cite web|url=https://vineyardgazette.com/news/2016/09/04/new-charter-school-science-center|title=New Charter School Science Center Honors Long Friendship |author=Hamacek, Heather|date=September 4, 2016|website=The Vineyard Gazette}}</ref>
▲==Personal life and death==
Day was the grandson of [[Superior Oil Company]] founder [[William Myron Keck]].<ref name="haute">[http://www.hauteliving.com/robert-addison-day/ Haute Living profile]</ref>
Robert Addison Day was married to Marlyn Gates. He had three children and lived in Los Angeles. He died in Los Angeles on September 14, 2023, at the age of 79.<ref name=nytimes /><ref>[https://mynewsla.com/business/2023/09/18/business-giant-philanthropist-robert-day-dies-at-79/ Business Giant, Philanthropist Robert Day Dies at 79]</ref>
===Politics===
▲Day has previously been a donor and economics advisor to the former Governor of California, [[Arnold Schwarzenegger]].<ref name=LAngeles/> Since 1980, Day supported and hosted events for Congressman [[David Dreier]]. In October 2006, Day hosted a fundraiser with then-President [[George W. Bush]], which raised US$1 million for the [[Republican Party (United States)|Republican Party]].<ref name="gabrielsnyder">Gabriel Snyder, [https://variety.com/2006/scene/news/inside-move-h-wood-picks-side-in-campaign-fund-fight-1117951312/ Inside Move: H'wood picks side in campaign fund fight], ''[[Variety (magazine)|Variety]]'', October 04, 2006</ref> In 2015, Day donated $1.1 million to Super PACs supporting Republican presidential candidates [[Jeb Bush]] and [[Carly Fiorina]].<ref name=mddonors>{{cite news|title=Million-Dollar Donors in the 2016 Presidential Race|url=https://www.nytimes.com/interactive/2016/us/elections/top-presidential-donors-campaign-money.html|accessdate=14 October 2015|work=New York Times|date=25 August 2015}}</ref>
==Recognition==
In 2006, Day was awarded the Decoration of [[Officier de la Légion d'Honneur]] from the Government of France.<ref>{{cite web|url=https://www.cmc.edu/news/cmc-honors-robert-day-65-p12-for-50-years-service|title=CMC honors Robert Day '65 P'12 for 50 years of service|author=Staff|date=October 28, 2021|website=Claremont McKenna College}}</ref>
In recognition of Day, the Board of Trustees re-named the department of economics to Robert Day School of Economics and Finance at Claremont McKenna College in 2007.<ref name=CMC200/>
In May 2014, the Caltech board of trustees awarded Day with the Robert A. Millikan Medal, its highest recognition, created to honor the life and ideals of the school's co-founder, Robert Andrews Millikan.<ref>{{cite web|url=https://www.caltech.edu/about/news/caltech-awards-millikan-medal-robert-day-42932|title=Caltech Awards Millikan Medal to Robert A. Day|author=Staff|date=May 30, 2014|website=Caltech}}</ref>
In December 2021, CMC announced the naming of the Robert Day Sciences Center as home to CMC's integrated sciences program.<ref>{{cite web|url=https://www.cmc.edu/news/cmc-announces-robert-day-sciences-center-house-new-integrated-sciences-program|title=CMC announces Robert Day Sciences Center to house new integrated sciences program|author=Staff|date=December 3, 2021|website=Claremont McKenna College}}</ref>
==External links==
*[https://www.wmkeck.org/ W.M. Keck Foundation website]
*[https://www.cmc.edu/newsfeed/memoriam-robert-day-65-p12-dedicated-leader-cmc-nearly-60-years CMC Memorial post]
*[https://news.usc.edu/210298/robert-a-day-keck-foundation-keck-school-of-medicine-of-usc/ USC Memorial post]
*[https://www.reaganfoundation.org/media/361465/fjr-statement-on-the-passing-of-robert-day.pdf Reagan Foundation statement]
==References==
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{{DEFAULTSORT:Day, Robert Addison}}
[[Category:Living people]]▼
[[Category:1943 births]]
[[Category:
[[Category:Businesspeople from Los Angeles]]▼
▲[[Category:Claremont McKenna College alumni]]
[[Category:American chief executives of financial services companies]]▼
[[Category:American billionaires]]▼
[[Category:20th-century American businesspeople]]
[[Category:21st-century American businesspeople]]
[[Category:21st-century American philanthropists]]
▲[[Category:American billionaires]]
▲[[Category:American chief executives of financial services companies]]
▲[[Category:Businesspeople from Los Angeles]]
[[Category:California Republicans]]
[[Category:Claremont McKenna College alumni]]
[[Category:People from Bel Air, Los Angeles]]
[[Category:Philanthropists from California]]
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