Thomas A. Saunders III

Thomas A. Saunders III
Born 1937 (age 80–81)
Nationality American
Education Virginia Military Institute
University of Virginia
Occupation Investment banker
Philanthropist
Political party Republican
Spouse(s) Jordan (Horner) Saunders
Children Calvert Saunders Moore
Thomas A. Saunders IV

Thomas A. Saunders III (born 1937) is an American investment banker and philanthropist. He is the co-founder of the private equity firm Saunders Karp & Megrue and the chairman of the Heritage Foundation.

Early life

Saunders graduated from the Virginia Military Institute in 1958, with a B.S. in electrical engineering, and from the University of Virginia's Darden School of Business with an MBA in 1967.[1]

Career

Saunders was a Managing Director of Morgan Stanley from 1974 to August 1989. For ten years he headed the financial services corporation's equity syndications group, developing relations with corporate clients, including DuPont, Eastman Kodak, Exxon, General Motors, and USX.[2][3] In the early 1980s, Saunders raised $3.8 billion in equity for AT&T in just 18 months. Following the breakup of the Bell System, he headed the advisory team that determined how AT&T would sell its regional subsidiaries. When British Telecommunications was undergoing privatization in 1983, Saunders was appointed as the company's senior U.S. adviser.[2] He was then hired by Conrail president Stanley Crane to determine a privatization plan for the rail company.[4] At Morgan Stanley, Saunders raised $2.2 billion to create a leveraged buyout fund, which he chaired.[2]

Saunders co-founded the private equity firm Saunders Karp & Megrue in 1990. He was a Dollar Tree director since 1993. He has been the President and CEO of Ivor & Co., LLC, a private investment company, since 2000.[5] Saunders also worked briefly for Allis-Chalmers Manufacturing Company.[2] From 1995 to 2016, Saunders was an Independent Director of Hibbett Sports. He was on the Board of Directors of Teavana Holdings until it was bought out by Starbucks on December 31, 2012.[1]

Political activity

Saunders is a major donor to the Republican Party. He donated $500,000 to the Republican National Committee and has contributed to the campaigns of John McCain, Mitt Romney, and Michele Bachmann.[6]

In April 2009, Saunders was elected Chairman of the Board of Trustees of the conservative think tank Heritage Foundation. During his tenure, the sister organization Heritage Action was founded and Jim DeMint was hired as President.[7][6]

Philanthropy

Saunders has given the University of Virginia some $17 million over the past twenty-five years. He is chairman of the Thomas Jefferson Foundation's Board of Trustees; a bridge has been named for him.[8] He and his wife endowed the Matthew C. Horner chair in military theory at Marine Corps University. They chaired the 1995 Dinner on the Lawn at UVA, to kick off a billion-dollar capital campaign. In 2007 the Saunders hosted the annual gala for the New-York Historical Society at the Cathedral of St. John the Divine.[9] He and his wife were awarded the 2008 National Humanities Medal.[10]

Personal life

Saunders married Mary Jordan Horner. They lived in New York City for many years, but now reside in Palm Beach, Florida.[11] They have a daughter, Calvert Saunders Moore,[12] born 1968 (age 49–50), a son, Thomas A. Saunders IV, and four grandchildren.[13][14] Saunders has been a member of the Wall Street chapter of the Kappa Beta Phi secret society since 1979.[15]

References

  1. 1 2 "Thomas A. Saunders III: Executive Profile & Biography". Bloomberg. Retrieved December 6, 2016.
  2. 1 2 3 4 Bartlett, Sarah (August 7, 1989). "BUSINESS PEOPLE; Morgan Stanley Losing Head of Buyout Fund". The New York Times.
  3. ↑ "2 More Leave Morgan Posts". The New York Times. September 21, 1989.
  4. ↑ Smith, Lee; Marmon, Lucretia (May 25, 1987). "IS THIS ANY WAY TO SELL A RAILROAD?", Fortune.
  5. ↑ "Meet Our Team: ThomasSaunders III; Board Member". Vital Connect. Retrieved 8 April 2016.
  6. 1 2 Ioffe, Julia (November 24, 2013). "A 31-Year-Old Is Tearing Apart the Heritage Foundation". New Republic.
  7. ↑ "Board of Trustees". The Heritage Foundation. Retrieved 14 November 2015.
  8. ↑ "Saunders Bridge". monticello.org. Retrieved 14 November 2015.
  9. ↑ "News Archive". neh.gov. Retrieved 14 November 2015.
  10. ↑ "President Bush Awards 2008 National Humanities Medals". National Endowment for the Humanities. Retrieved 20 April 2017.
  11. ↑ Hofheinz, Darrell (July 6, 2014). "Glazers sell landmarked home for $12.6M". Palm Beach Daily News.
  12. ↑ Lizza, Ryan (July 25, 2005). "The ATM for Bush's America". New York.
  13. ↑ "WEDDINGS; Calvert Saunders, C. A. F. Griffin". The New York Times. September 25, 1994.
  14. ↑ "Calvert Saunders, George Moore". The New York Times. May 9, 1999.
  15. ↑ Roose, Kevin (February 18, 2014). "Revealed: The Full Membership List of Wall Street's Secret Society". Daily Intelligencer.
  • Chernow, Ron (2001). The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance. Grove Press. ISBN 978-0-8021-3829-3.
  • Appearances on C-SPAN
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