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{{Infobox person
| name = Robert Addison Day
| image = Robert Day.jpg
| caption =
| birth_name =
| birth_date = {{birth yeardate|1943|12|11}}
| birth_place = [[Los Angeles, California]], U.S.
| death_date = September{{death 2023date (agedand 79–80)given age|2023|09|14|79}}
| death_place = Los Angeles, California, U.S.
| death_cause =
| resting_place =
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| party =
| boards =
| spouse = Marlyn Gates<br>Kelly Day (divorced)<br>Marina Day (divorced){{plainlist|
* Marlyn Gates
* {{marriage|Kelly Day|||end=divorced}}
* {{marriage|Marina Day|||end=divorced}}
}}
| children = 3
| parents =
| relatives = [[William Myron Keck]] (grandfather)
}}
 
'''Robert Addison Day''' (diedDecember in11, September1943 2023)<ref>[https://mynewsla.com/business/2023/09/18/business-giant-philanthropist-robert-day-dies-at-79/– BusinessSeptember Giant14, Philanthropist Robert Day Dies at 79]</ref>2023) was an American businessman, investor, and philanthropist. He was the founder and former chairman and [[chief executive officer]] of [[Trust Company of the West]] until 2009. He was the chairman and president of the [[W. M. Keck Foundation]].
 
==Early life==
Robert Addison Day was born in 1943 in [[Los Angeles, California]] on December 11, 1943.<ref name=nytimes>{{cite web|title=Robert Day, Financier and Philanthropist, Dies at 79|url=http://nytimes.com/2023/09/29/business/dealbook/robert-day-dead.html|last=de la Merced|first=Michael J.|work=The New York Times|date=September 29, 2023|access-date=September 29, 2023}}</ref><ref name="nndb">[http://www.nndb.com/people/816/000118462/ NNDB profile]</ref> He received a Bachelor of Science in economics from [[Claremont McKenna College]] in 1965.<ref name="claremont">[http://online.cmc.edu/NetCommunity/Document.Doc?&id=396 Claremont McKenna College document]</ref>
 
==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’sTourbillon'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'Toes-in-the-Sand’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/>
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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 [[ProctorProcter 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"/>
 
===Board positions===
HeDay previouslyhas served on the board ofcorporate directorsboards of [[Freeport-McMoRan]], [[Fisher Scientific]], and [[Société Générale]].<ref name="nndb"/> He has also sat on the board of trustees of the [http://www.thepresidency.org/ Center for the Study of the Presidency and Congress], the [[Ronald Reagan Presidential Foundation]] and Institute, and the [[Brookings Institution]], where he was chairman from 1990 to 1998.<ref name="claremont" /> Day was 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 was 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"/> Day was a Los Angeles County Museum of Art life trustee.<ref>{{cite web|url=https://www.latimes.com/entertainment-arts/story/2020-01-30/lacma-50-million-pledge-fundraising-campaign|title=LACMA gets $50 million to move new Zumthor building forward|author1=Vankin, Deborah|author2=Knight, Christopher|date=January 30, 2020|website=The Los Angeles Times}}</ref>
 
==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.
In 2007, Day made a gift of $200 million to his alma mater [[Claremont McKenna College]], creating the Robert Day Scholars Program. The donation was 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=LAngeles>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>▼
 
=== Claremont McKenna College ===
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>▼
▲In 2007, Day made a gift of $200 million to his alma mater [[Claremont McKenna College]], creating the Robert Day Scholars Program. The donation wasmarked 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="LAngeles">Larry Gordon, 'Claremont McKenna gets huge donation', in ''[[The Los Angeles Times]]'', September 27, 2007 [httphttps://articleswww.latimes.com/2007archives/la-xpm-2007-sep/-27/local/-me-claremont27-story.html]</ref>
 
=== W. M. Keck Foundation ===
The W.M. Keck Foundation later gave a US$110 million gift to the [[University of Southern California]] in 1999, creating the [[Keck School of Medicine]] of USC. In 2011, the W.M. Keck Foundation gave a US$150 million naming gift 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. Through the W.M. Keck Foundation and members of the extended Keck family, nearly US$300 million has been donated to USC, placing 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>▼
▲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 ===
Also in 2007, Day and his wife at the time, Kelly, 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>▼
▲TheIn 1999, at Day's direction, the W. M. Keck Foundation later gavemade a gift of US$110 million gift to the [[University of Southern California]] in 1999, creating the [[Keck School of Medicine]] of USC. In 2011, the W.M. Keck Foundation gavemade aanother contribution of US$150 million naming gift 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. Through the W.M. Keck Foundation and members of the extended Keck family, nearly US$300 million has been donated to USC, placing 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>
 
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 at the time, Kelly, 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 iswas the grandson of [[Superior Oil Company]] founder [[William Myron Keck]].<ref name="haute">[http://www.hauteliving.com/robert-addison-day/ Haute Living profile]</ref> Day was married to Marlyn Gates. He has 3 children and lived in Los Angeles, California.
 
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 ’65'65 P’12P'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/>
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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==
Retrieved from "https://en.wikipedia.org/wiki/Robert_Addison_Day"