Collegiate athletics programs across the country are under assault by the financial pressures of the ongoing coronavirus pandemic, which has highlighted the painful reality of the need to endow collegiate athletics programs. A number of coaches, like former Cleveland State head coach Wally Morton, have been beating this drum for years and have worked hard to endow their programs.
But for many programs and alumni, the type of endowment-level fundraising that will ensure the future of collegiate swimming & diving has been left until there’s no other option, until after schools have announced that they have cut programs.
For those programs that have been able to set up a recurring and stable financial base for their futures, we wanted to take time to recognize some of the major donors who have pushed those efforts forward. Not every program will be able to find one or two donors who can take a big bite out of an endowment, but these highlights are featured as representative of all of the thousands of alumni, friends, and family who give back to their programs across the country.
- Does your program have a major donor that is worthy of recognition? Email [email protected]
Today’s episode of the SwimSwam Podcast featured the head men’s and women’s swimming & diving head coaches at Stanford, both of whom have their full salaries and all of their scholarships endowed, where they discussed that endowment and what it means for their program.
The effort to endow 23.9 full scholarships at Stanford, plus salaries for both head coaches, is an effort that has taken years to build. While we don’t know exactly how big that fund is for swimming & diving, the level of endowment to produce that kind of income is likely an 8-digit number (more than $10 million).
Stanford, across its athletics department, has 13 endowed head coaching positions and 24 overall endowed positions in athletics.
Goldman Director of Men’s Swimming
Dan Schemmel, Stanford’s second-year head men’s coach, has an official title of “The Goldman Family Director of Men’s Swimming.” That title came in March of 2011, when Stanford announced that Marcia and John Goldman made a gift to establish that endowment.
John Goldman is a 1975 graduate of Stanford’s Graduate School of Business. He is also a long-time volunteer within the Stanford athletics department and a former chairman of the Stanford Athletic Board.
John Goldman is a 6th-generation San Franciscan, and a descendant of one of the most famous names in San Francisco commerce: Levi Strauss. Strauss died unmarried and without children and deeded his company to his four nephews, one of whom was Goldman’s grandfather. He also accounts among his lineage the founder of the Smart & Final grocery chain.
Professionally, John Goldman worked in several governmental jobs, including serving as California’s assitant secretary of transportation. Professionally, he has held many positions, including joining his father’s insurance company in 1986. In 1991, he became president, and in 2002, the family sold the business to Willis (eponymous to the Willis Tower, formerly the Sears Tower, in Chicago).
Goldman has been highly active in philanthropy as well, both in carrying on the efforts of the foundation started by his parents, and by expanding the efforts. He has served as the president of the San Francisco Symphony, and serves on the board of the Wildlife Conservation Society. The Goldman Family Foundation awards $200,000 every year to 6 grassroots environmental activists, one from each of 6 geographic regions (Africa, Asia, Europe, Islands and Island Nations, North American, and South and Central America).
Paul A. Violich Director of Women’s Swimming
Greg Meehan‘s position was endowed more recently, in 2017, about 5 years into Meehan’s time with the program.
Paul Violich earned a bachelor’s in history from Stanford in 1957, and was a member of Stanford’s swimming and water polo teams. After graduating, he joined the Navy Seals and then returned to The Farm, where he played rugby and earned his MBA from Stanford’s Graduate School of Business in 1962.
Violich first entered the investment management profession as a security analyst for Brundage, Story and Rose in New York City, and he went on to join Wentworth, Hauser and Violich in 1966 as a portfolio manager and served as Chairman from 1980 to 1999. Paul founded Violich Capital Management in 1999 where he is an economic analyst and portfolio manager.
Residing in the Bay Area, Violich has five children, Adam (MBA ’97), Julia, John, Mackey and Nicola. He founded Violich Farms in 1985. Under the orchard management organization of Capay Farms, Violich Farms is a large grower of almonds and walnuts with ranches located in the Sacramento Valley.
Beyond his participation as a member of the Stanford swimming and water polo programs, Violich has a personal interest in the matter he’s supporting. He has had 3 children play NCAA Division I varsity athletics, including two daughters.
“We believe that athletics provide an important and life changing step in the development of character, loyalty and team work.” Violich said at the time of the endowment. “Three of my children have played Division I sports including two of my daughters. Encouraging and supporting women’s athletics has been a very important and a strong tradition for our family.”
Of all schools, wouldn’t Stanford have the alumni base to endow ALL of their sports programs?????
Question, how is this acceptable under ncaa guidelines? 25 scholarships? I don’t think all schools have this luxury.. even if for both men’s and women’s combined. I thought the ncaa set in place the number of scholarships per sport, per team and per gender.
If Stanford athletics is so endowed why did they cut 11 sports?
I watched the video and they did go over this. I think, and someone can correct me if I am wrong, that a lot of the funds that are in the endowment are specifically targeted to various things like research and the funds can not be used elsewhere. I believe it is the same with the coaches salaries. The endowment is for the swim coaches salaries and can’t be used for anything else.
75% is already earmarked. An endowment isn’t a piggy bank.
Do endowed scholarships count towards Title IX? For example, if Stanford University covered 25 male scholarships and 25 female scholarships and then a philanthropist wanted to endow 5 male scholarships in a sport that was non-scholarship, would the school/another donor have to fund 5 additional female scholarships? Or does Title IX only apply to how much the university itself is covering? not sure if this makes sense…
Yes, they count towards Title IX. But I think it must be a total of 25 scholarships for men and women, due to ncaa limits. Men are limited to 9.9, i believe.
I was in age group, then high school swimming from about 1958 until 1968. I was at CCS in 1968 and saw Mark Spitz swim in his final year of High School. Based upon my experience, most swimmers find their own level, and seldom get out of it. Compared to team sports such as basketball or football, the coach is less pivotal. Even compared to gymnastics, where a good coach is more essential, swim coaches are not that valuable, in my opinion. And I swam during the era when George Haines, probably the greatest swim coach in the history of the sport, was active. If Stanford has to cut back, I would not pay lots of money to get a… Read more »
The endowments are for the coaching salaries, and can’t be spent elsewhere. So cutting back on those coaches won’t save any programs.
If you mean that a coach who parks his derriere in a chair for a 2-hour practice isn’t valuable, I totally agree. However, I have seen dynamic, innovative, passionate, knowledgeable and curious coaches and they are pivotal in the development and success of an athlete.
I have had the opportunity to click with 2 coaches- 1 in high school and 1 in college. It was life-changing and incredibly valuable.
And nothing could have possibly changed in the field of swim coaching in the last 60 years, I’m sure…?!?!?
Click through any article on Eddie Reese (the actual GOAT Coach), read stories about how he developed swimmers to greatness.
If you’re still in the sport as a Masters swimmer, call up Kerry O’Brien, Whitney Hedgepeth, Mel Goldstein, and so many more people. It sounds like you owe it to your life experience to see what a great coach can do.
I swam under George Haines at Foxcatcher and every time I hear these accolades for this guy I can’t help but think it’s a different George Haines. I’ve had my fair share of great coaches, Keefe, Shoulberg, etc. Haines was constantly in his “office” and didn’t know half the kids’ names (and it wasn’t that large of a group). Getting paid by DuPont much more than he was worth and didn’t even stay his entire 3-year contract. Gave some b.s. excuse about how all the swimmers were from different schools, and not wha the was used to, etc. Like he didn’t KNOW that before leaving his wife and 5 kids in CA to come to PA?? Give me a break.
It’s hard to hate the rich.
EZ to dislike the wealthy who deem themselves entitled – As well very easy to admire the wealthy people like those mentioned in this article. We need MORE uplifting articles like these!!!!
Sold family insurance business for $30 billion in 2002? You mean million?
I thought same thing
FYI: John Goldman is also an avid Masters swimmer (who swims for Menlo Masters coached Tim Sheeper). About a decade ago when John turned 60, Coach Sheeper had all the Masters groups do 60x50s in his honor. When John turns 75, the rumor is everyone will be required to do 75x200s! Also, John has been active in the local “Beyond Barriers” foundation which, among other things, provides swimming lessons and coaching for the minority community.
Any college is blessed is to have individuals who will endow a coaching position. Even more important, in my opinion, are those individuals who build and create great programs that are worth endowing. Stanford is fortunate to have had coaches Skip Kenney, Ted Knapp, and Jim Gaughrin create a great a great winning tradition on the Men’s side; and, Richard Quick, George Haines, and Greg Meehan for the women. These coaches have won many NCAA titles, and also helped to spur on many Olympians and Olympic medalists!
Pretty inspirational DUDES! Nice to read about men who give back in such substantial ways.