Top Philanthropic Donors: Edward Evans

On December 20, 2010, Yale President Levin announced that Yale had received a US $50 million gift from Yale alumnus Edward P. Evans, which will be recognized with the naming of the new main building as Edward P. Evans Hall. Ground was broken for the new campus on April 26, 2011.

Mr. Evans, who was 68 when he died December 31, gave $50 million to Yale University, in New Haven, Conn., several weeks before his death. The money will be used for a new building in the university’s School of Management, which Yale plans to name for Mr. Evans. He graduated from the university in 1964.

Edward P. (Ned) Evans was born in Pittsburgh, PA on January 31, 1942 to Thomas Mellon Evans and Elizabeth Park Evans Kase. He is survived by two brothers Thomas M. Evans, Jr. and Robert S. Evans, his niece, Ashley Evans and his nephews Jonathan Evans, Thomas M. Evans, III and Mark Johnson Evans.

Ned graduated from Yale University in 1964 and earned an MBA from Harvard Business School in 1967. He had a long and successful business career beginning in 1968, holding executive positions with a number of family businesses. In 1980, Ned became Chairman and CEO of MacMillian, Inc.

Beginning in 1988, he became involved with personal business interests and investments including breeding and racing thoroughbred horses. Ned was also known as a generous philanthropist. He formed the Edward P. Evans Foundation and contributed to a number of charitable organizations in various fields throughout the United States.

Mr. Evans' greatest joy was racing thoroughbred horses and breeding thoroughbreds at his farm in Casanova, Virginia known as Spring Hill Farm. He bred over 100 stakes winners and as of his death was the 4th leading breeder and 7th leading owner in North America. Ned was consistently named as one of the Top 10 breeders in North America. His horse Quality Road was one of the favorites for the 2009 Kentucky Derby and won or placed in 12 out of 13 starts. Quality Road was injured before the 2009 Derby and was unable to compete in any of the Triple Crown races in that year. The Thoroughbred Owners and Breeders Association named Ned the Virginia Breeder of the Year nine times, most recently in 2009, and the National Breeder of the Year in 2009.

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