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Ray Welsh ’53 passed away on February 14, 2016 at the age of 84. He was an Emeritus Trustee and a proud supporter of the Phi Phi chapter at Penn. Ray was actively involved in many initiatives during his time at Penn and as an alumnus. He is deeply respected for his tremendous work on Penn’s behalf and for organizations across the Philadelphia region. 

Raymond was indeed one of Penn's finest. An Emeritus Trustee, Ray was a very proud supporter of his Phi Phi Chapter at Penn. In Sigma Chi, he was further honored as a Significant Sig and attended the Balfour Leadership Workshop Program as a Distinguished Faculty Associate. He was also one of the "Decade Speakers" at Phi Phi's 125th Anniversary Banquet in 2000 at the Inn at Penn.

Ray once said, “Our depth and quality of life depend on the grace with which we live each day.” While Ray was not referring to himself, his was clearly such a life of a beloved man who constantly gave so much of himself to others. We will miss him dearly and offer our deepest condolences to his wife Joanne, CW ’52, a former Overseer of the School of Social Policy & Practice, their children, Scott and Margy, and grandchildren Christina, GR ‘14 M ’14, Leigh, Henry, Brady, Charlie, and Jake. Sadly, Ray was predeceased by his son Randy.

A 1993 recipient of Penn’s Alumni Award of Merit, one of Ray’s greatest talents was his tremendous ability to inspire generosity in others. As chair of the Health System’s $625 million campaign, “Creating the Future of Medicine,” from 1989 – 2000, he helped the Health System exceed its fundraising goal by $45 million, setting a national fundraising record among health systems. But this was merely one of a long line of Penn campaigns that benefited from Ray’s dedication. He served on the Agenda for Excellence Council to help fund the priorities of then-President Judith Rodin’s administration and took an active role in fundraising for the Campaign for Penn under Sheldon Hackney and the Program for the Eighties under Martin Meyerson. Over the years, he was also Co-Chair of the Class of 1953 Reunion Giving Committee, a member of the Corporate Annual Giving Committee, and, with Joanne, Co-Chair of the Benjamin Franklin Society.

Ray joined the Penn Board of Trustees in 1994 and served on both the Budget and Finance and Student Life committees. He was then named an Emeritus Trustee in 1998. He was also an Emeritus Trustee of Penn Medicine, the Chair of the Clinical Care Associates Board, and an active member of several volunteer bodies. In addition he was a longtime member of the Board of Overseers of the Annenberg Center for the Performing Arts, an officer of the Class of 1953, and a director of Penn Alumni, where he sat on numerous alumni boards and committees.

Ray and Joanne were extremely generous to many facets of the University community. They established gifts in their names for undergraduate scholarships as well as scholarships at the Perelman School of Medicine, and also created a fund at the Wharton to benefit the Undergraduate Program in Leadership, Teamwork, and Communication. Their gift endowing the Joanne T. and Raymond H. Welsh Chair in Child Welfare and Family Violence at the School of Social Policy & Practice helped bring Dean Richard Gelles to Penn and led to the creation of the Center for Children’s Policy, Practice, and Research. Through the years, Ray and Joanne were also generous supporters of the Annenberg Center and many other areas of the University. In 2012, they established funding to provide support to projects destined to become flagship programs for cutting edge and personalized cancer care at the Abramson Cancer Center and for diabetes research.

Once named “Mr. Pennsylvania,” Ray graduated from the Wharton School in 1953. A corporate finance major, he was a member of the Friars Senior Society, the Houston Hall Student Board, the Penn Union Council, the Phi Kappa Beta Junior Honor Society, Sigma Chi Fraternity, the Penn Pics magazine staff, and the Naval ROTC. The day after graduation, he married Joanne and the two headed to California, where Ray reported for naval duty, serving as a navigator and executive officer on a cargo ship in the South Pacific.

Deeply respected for his tremendous work on Penn’s behalf and for organizations across the Philadelphia region, Ray served as Chairman of the Salvation Army of Greater Philadelphia, Chairman of the Board of the United Way of Southeastern Pennsylvania, President of Episcopal Community Services’ Board of Council, Chairman of the Board of Trustees and Interim Chief Executive Officer of Bancroft NeuroHealth, Chairman of the Board of the Bancroft Foundation, and as a member of the boards of the Girl Scouts of Philadelphia, the Philadelphia Orchestra Association, and the political watchdog Committee of Seventy. He also led significant fundraising campaigns for many of these organizations through the years, including the United Way and Episcopal Community Services, who in turn honored Ray for his tireless work on their behalf. At Bancroft NeuroHealth, which provides services to children and adults with developmental disabilities, Ray and Joanne made the largest gift in the organization’s more than 120-year history in memory of their late son Randy. In 2010, the Salvation Army presented Ray with its Order of Exceptional Auxiliary Service Award to honor his work on the Ray and Joan Kroc Corps Community Center capital and endowment campaign.

Accomplished in managing funds as well as raising them, Ray was Senior Vice President of Wealth Management at UBS Financial Services, a global financial services firm. He spent his entire career with UBS and its predecessor firms UBS PaineWebber and Kidder, Peabody & Co. in a range of capacities.