WM Alum Donates $3 Million to Mason School

October 29th, 2011 by Amber Lester Kennedy

FrankWood
Frank Wood

William and Mary alumnus Frank J. Wood has donated $3 million to the Mason School of Business, the college announced Friday.

The gift will permanently endow The Frank J. Wood ’74 Excellence in Accounting Endowment at the Mason School. Wood, who earned an undergraduate degree in accounting from the college, said he made the gift because he was in a position to make a difference and wanted his gift to have an impact at a “school that was on a good course.”

Wood is chief financial officer and executive vice president of Abingdon-based Alpha Natural Resources, Inc., the third largest coal producer in the United States. Prior to his appointment at Alpha Natural Resources, he served as senior vice president and chief financial officer of Foundation Coal Corporation. He also serves on various committees of the National Mining Association and was a past member of the Surety Bond Working Group. He currently serves on the Accounting Programs Board at the Mason School.

“This gift is a game-changer for our Accounting Program,” said Mason School Dean Lawrence B. Pulley. “This gift will boost the morale of our faculty, help to entice the best students to attend and enhance our curriculum in ways that are virtually limitless.”

The Wood Endowment includes faculty fellowships to reward tenure-track faculty with summer research awards; Master’s in Accounting scholarships; curriculum enhancements that would bring innovation to the program, such as an elective course designed to give business students a global mindset.

“Six years ago, I joined the Accounting Programs Board through Dean Pulley and I had an opportunity to learn more about what the school’s needs are,” Wood said. “As a result of my success in business, I found myself in the position to make a difference and so I did it. Accounting was instrumental to my career and I want to give this opportunity to the next generation.”

2 Responses to WM Alum Donates $3 Million to Mason School

  1. Diksum

    October 30, 2011 at 1:44 pm

    This guy’s 2009 compensation by Alpha Natural Resources was $4,427,868, and this doesn’t include a million bucks worth of stock options. All for running a coal company? Maybe coal would be a bit cheaper of these salaries were more closely related to the actual duties. It’s not as though coal mining is particularly complicated.

  2. Feedback

    October 30, 2011 at 6:43 pm

    This is a wonderful gift. Thank you Mr. Wood!

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