Thomas Sovereign Gates
Encyclopedia
Thomas Sovereign Gates was an American investment banker
and educator. He was the first president of the University of Pennsylvania
from 6 October 1930 until 1944, and was the father of United States Secretary of Defense
Thomas S. Gates, Jr.
Born in Philadelphia, Gates was a student at University of Pennsylvania. Before his election as university president, Gates had served for ten years as a Trustee of the University and as Chairman of the University of Pennsylvania Fund. Gates was heavily involved in plans for the development of the new Valley Forge campus for the University; however, the idea was eventually dropped in favor of expanding Penn's West Philadelphia campus, not before currying strong support. He worked to fund and create a number of other facilities throughout the university. Gates also worked on major fundraising efforts with a campaign known as the Bicentennial Fund, after the University's 1940 bicentennial, which aimed to raise $12.5 million.
Gates seemed to have partially foreseen America's involvement in the Second World War when creating a position of University Committee on National Defense and started a defense training program within the university's engineering school. Following the Japanese attack on Pearl Harbor
Gates oversaw the use of the university campus as a training ground for American troops, he also worked to create a committee to oversee an overhaul of part-time courses and women's education systems. He worked to establish a College for Women by 1 July 1933 that would have the same curriculum as the current colleges. He created the Institute of State and Local Government in 1937, and the Fels Institute of the Wharton School in March of that year.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
and educator. He was the first president of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
from 6 October 1930 until 1944, and was the father of United States Secretary of Defense
United States Secretary of Defense
The Secretary of Defense is the head and chief executive officer of the Department of Defense of the United States of America. This position corresponds to what is generally known as a Defense Minister in other countries...
Thomas S. Gates, Jr.
Born in Philadelphia, Gates was a student at University of Pennsylvania. Before his election as university president, Gates had served for ten years as a Trustee of the University and as Chairman of the University of Pennsylvania Fund. Gates was heavily involved in plans for the development of the new Valley Forge campus for the University; however, the idea was eventually dropped in favor of expanding Penn's West Philadelphia campus, not before currying strong support. He worked to fund and create a number of other facilities throughout the university. Gates also worked on major fundraising efforts with a campaign known as the Bicentennial Fund, after the University's 1940 bicentennial, which aimed to raise $12.5 million.
Gates seemed to have partially foreseen America's involvement in the Second World War when creating a position of University Committee on National Defense and started a defense training program within the university's engineering school. Following the Japanese attack on Pearl Harbor
Attack on Pearl Harbor
The attack on Pearl Harbor was a surprise military strike conducted by the Imperial Japanese Navy against the United States naval base at Pearl Harbor, Hawaii, on the morning of December 7, 1941...
Gates oversaw the use of the university campus as a training ground for American troops, he also worked to create a committee to oversee an overhaul of part-time courses and women's education systems. He worked to establish a College for Women by 1 July 1933 that would have the same curriculum as the current colleges. He created the Institute of State and Local Government in 1937, and the Fels Institute of the Wharton School in March of that year.