News and analysis
September 14, 2010

Ohio Businesswoman’s Gift Provides $113-Million to Two Nonprofits

Virginia Toulmin, above, died in June.

Georgetown University on Tuesday announced an $87-million gift from Virginia B. Toulmin, a Dayton, Ohio, businesswoman who died in June.

Ms. Toulmin’s fortune also benefited another nonprofit—the Dayton Foundation, which has received $26-million from her estate.

The Georgetown gift comes from what was originally a $1.2-million charitable trust established by Ms. Toulmin’s late husband, Harry, a patent lawyer who owned a pharmaceutical company. When he died in 1965, Ms. Toulmin managed the trust and the company, then known as Central Pharmaceuticals. She sold the company in 1995 for $178-million to Schwarz Pharma A.G., a German company.

The bequest from Ms. Toulmin will support the Warwick Evans and Mary Mason Washington Evans Medical Research Endowment. Warwick Evans was Harry Toulmin’s grandfather and the first graduate of Georgetown’s School of Medicine in 1852, and eventually became a professor of anatomy there.

“Harry really worshiped his grandfather, who was a great man, a successful physician, and prominent Washington figure,” said Ms. Toulmin in a 1997 interview with the university. ”Harry was a strong believer in educational institutions, and even though he didn’t graduate from Georgetown, Harry loved his grandfather and his grandfather loved Georgetown.”

Ms. Toulmin served on the university’s Board of Regents and other university boards and committees during her lifetime.

Aiding Dayton Charities

Before she died, Ms. Toulmin announced she was giving $20-million to the Dayton Foundation, in Ohio, to endow a fund in the couple’s name to support Dayton charities. Foundation officials last week announced that the donation is now in hand, and it turned out to be worth more than $26-million.