ULI Chair's Fund launched with three large donations

WASHINGTON D.C.—Three longtime Urban Land Institute (ULI) leaders have joined together to make a total of $17 million in donations to launch the new ULI Chair’s Fund.

Douglas Abbey, James Klingbeil, and Thomas Toomey have created the unrestricted fund to give the ULI the flexibility to respond quickly to new global opportunities, a recent release stated.

“The idea with unrestricted gifts is that the ULI decides where the money should go and how it can be best used to innovate, pivot and respond to needs,” stated Klingbeil, a former ULI president and ULI Foundation chair whose Klingbeil Family Foundation is making a $7 million contribution. “What we’re trying to do here as the three founding donors is to help create something that will get larger and be able to respond to the needs of ULI as it goes forward.” 

Toomey, a past ULI global chairman, and Abbey, former ULI Foundation chairman, are making $5-million contributions each.

“We are incredibly grateful to Doug, Jim and Tom for their generous gifts of time, talent and financial resources over many, many years,” commented W. Edward Walter, global CEO of ULI. “Their latest gifts are very significant and will further solidify our foundation and help ensure that we can deliver on ULI’s mission well into the future.”