Walter Mintz '50 succeeds Don Frisbee as chairman of Reed College board of trustees

Trustee Dan Greenberg '62 becomes chair of the Campaign for Reed College Walter Mintz '50, retired founding partner of the investment firm Cumberland Associates in New York, was unanimously elected chairman of the Reed College board of trustees in April. Mintz succeeds Don Frisbee, chairman emeritus of PacifiCorp and one of Portland's business and civic leaders, who has been chairman of the Reed board since 1991. Frisbee recently announced that he wanted to retire from the chairmanship at the conclusion of the trustees' spring meeting. He will remain an active member of the Reed board.

Frisbee said of Walter Mintz that he "has brought the same astuteness with which he guided Cumberland to his support and assistance with Reed's investments. Walter has been extraordinarily generous with both his time and financial resources in support of this college. He believes, as we all do, that a Reed education should be accessible to all qualified women and men."

Mintz confirmed that one of his goals as chairman was to increase accessibility to all qualified students. "In most respects Reed is a stronger institution today than it has ever been," he said recently. "Still, there's always room for improvement. For example, while the endowment has grown rapidly in recent years, we are still less prosperous than many other leading liberal arts colleges. This has various troublesome consequences. One problem that particularly bothers me is that we cannot offer as much financial help as we would like to students who come from middle-income and low-income families. I very much hope that we can alleviate this problem in the years ahead."

Mintz had been serving as chairman of the Campaign for Reed College, which was launched in October of 1995. Trustee Dan Greenberg '62 has moved into the position of campaign chair. The board of trustees also elected Stephen McCarthy '66, proprietor of Clear Creek Distilleries in Portland, as its vice chairman and E. Randolph Labbe, president of Kerr Pacific Corporation in Portland, as its secretary.

Photo: Fred Wilson

Mintz, a 1950 graduate of Reed College in economics, has been vice chairman of the board since 1991. He served as chairman of the board's investment committee from 1983 to 1995. Mintz is the first Reed graduate to become chairman of the board of trustees. He is also the first non-Portland resident to assume leadership of the board.

Mintz expects to spend more time on the campus than he has in the past. When in New York, he will continue to be in frequent communication with members of the Reed community and other friends of Reed.

"Walter Mintz will provide strong and thoughtful leadership to the board of trustees," said president Steven Koblik. "Walter cares deeply and is incredibly knowledgeable about higher education. He has long demonstrated his commitment to Reed, and his long association with the college, combined with his strategic skills, will help guide Reed into the next century."

Koblik also acknowledged outgoing chairman Don Frisbee's contribution to Reed College: "Don Frisbee is one of Portland's foremost citizens. He has also been in the forefront of those who have guided Reed to its current position of financial health and high morale with his positive nature and selfless contributions to the life of the college. It has been a joy to work with Don, and I look forward to his continued involvement with Reed. Don has always been available to me and has been a steady source of wisdom and support."

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