For many years, William T. “Ted” Frantz ’80, P’13 has been a faithful contributor to his alma mater, donating annually to the College of Engineering and Computer Science (ECS) where he earned an undergraduate degree in mechanical and aerospace engineering. But this year, Frantz made a philanthropic decision and a substantial investment in ECS that is designed to be transformative for the college and the region.
A gift from William T. “Ted” Frantz ’80, P’13 will establish a new endowed chair in engineering and computer science. (Photo by Joey Heslin)
His new gift, which will be partially matched by the University through the Forever Orange Faculty Excellence Program, will establish the William T. Frantz Endowed Chair in Engineering and Computer Science. “The idea for this gift has been simmering for nearly 20 years,” says Frantz. The engineer turned investor, who has studied and invested in many promising concepts and companies, says his newest investment in ECS as part of the Forever Orange Campaign was a matter of just-the-right timing.
“The timing is ideal, coming on the heels of Micron Technology’s $100 billion commitment to the region,” says Frantz. He says the partnership opportunities between the technology company and the University are a boon for students, faculty and the wider community. “It’s a great time to invest in the University, the expansion of the engineering program and in the region. These things tend to build on each other.”
Frantz draws similarities to the success of Silicon Valley, where he once worked for Hewlett-Packard. “I witnessed the growth of Silicon Valley and how nearby universities like Stanford, Berkeley and Santa Clara provided the intellectual expertise, engineering and research,” he says. Forward-looking investors seized opportunities brought about by the region’s dynamic partnerships and ingenuity.
Investing in new ideas has always held appeal for Frantz, who has provided capital for companies exploring new computer technologies and biotech firms developing new therapeutics for Alzheimer’s, Parkinson’s, diabetes and other diseases. “It’s the challenge of seeing something grow and make a go of it, get off the ground and get bigger,” says Frantz.
The man who loves to see new ideas get off the ground and soar was perhaps inspired at a young age by his neighbors. They were airline pilots who built an aerobatic plane in the garage. A curious young Frantz helped out after school. One of those neighbors was Leo Loudenslager, who was a mechanic in the Air Force and a pilot for American Airlines, but who is best known for winning multiple U.S. Aerobatic Championships. “Leo was innovative,” says Frantz. “The design changes he made shook up the aerobatic community. And he not only built it, he flew it.”
Frantz, who has his own pilot’s license, has combined his passion for flight with his desire to fuel innovation through investment in a significant gift he made to Syracuse University students and the Department of Mechanical and Aerospace Engineering in 2008. Frantz funded the purchase and upkeep of an advanced flight simulator that would allow students to get hands-on experience with flight vehicles that they designed and to experiment “with the ‘edge of the envelope’ without endangering any persons or property.”
Similarly, Frantz hopes his latest gift will help keep ECS on the edge of innovation, build on past successes and bring greater prestige. He notes that the gift is structured to allow for flexibility in that it is not restricted to a particular aspect or field of engineering. The recipient of the endowed chair will be selected by the dean of the college and hold a term of five years that is renewable. Frantz says flexibility allows the dean to look into the future and identify new fields where investing in faculty expertise would be most promising.
“Ted is a visionary in his approach to philanthropy,” says ECS Dean J. Cole Smith. “His background as both an engineer and investor allows him to look far into the future, to see where technology and creativity can take the next generation of engineers and computer scientists. His generosity is literally helping us shape the future of our program as we address the challenges facing our globe.”
“I’ve been studying the history of Syracuse,” says Frantz. “At one point, it was the center of commerce with proximity to the Erie Canal that allowed steel and manufacturing to thrive. But the city did not adjust to change, and new growth industries did not take root and adapt. Now, with Micron’s investment, the city has new opportunities, and Syracuse University is perfectly situated to take advantage of those opportunities.”
About Syracuse University
Syracuse University is a private research university that advances knowledge across disciplines to drive breakthrough discoveries and breakout leadership. Our collection of 13 schools and colleges with over 200 customizable majors closes the gap between education and action, so students can take on the world. In and beyond the classroom, we connect people, perspectives and practices to solve interconnected challenges with interdisciplinary approaches. Together, we’re a powerful community that moves ideas, individuals and impact beyond what’s possible.
About Forever Orange: The Campaign for Syracuse University
Orange isn’t just our color. It’s our promise to leave the world better than we found it. Forever Orange: The Campaign for Syracuse University is poised to do just that. Fueled by more than 150 years of fearless firsts, together we can enhance academic excellence, transform the student experience and expand unique opportunities for learning and growth. Forever Orange endeavors to raise $1.5 billion in philanthropic support, inspire 125,000 individual donors to participate in the campaign, and actively engage one in five alumni in the life of the University. Now is the time to show the world what Orange can do. Visit foreverorange.syr.edu to learn more.
