DePaul trustees chair pledged tens of thousands in political donations to 2020 Republicans
The newly appointed chair of DePaul’s board of trustees — the group of donors that help make all the university’s major decisions — donated the highest amount of money permitted by law to key Republican groups and candidates in the weeks before and after the 2020 election, federal disclosure records show.
Gerald Beeson, chief operating officer of the Chicago-based investment firm Citadel, donated $35,500 to the National Republican Senatorial Committee — a subsidiary of the Republican Party that works to elect Republicans to that body — less than two weeks after the 2020 election, the records show. He previously donated $5,400 in Jan. 2016 and $4,600 in March 2017 to the committee.
Prior to the Nov. 3 election, in August, Beeson made donations of $2,800 to a number of key Republican candidates, including Sen. Kelly Loeffler (R-Ga.) and Sen. David Perdue (R-Ga.) whose races eventually led to a Jan. 5 run-off.
Both figures — $35,500 for national party committees and $2,800 per election for individual candidate committees — are the largest donation sizes allowed by law.
After the November election, Beeson made a $41,100 donation to the Senate Georgia Battleground Fund, a NRSC-run joint fundraising committee for Loeffler and Perdue, and gave $2,800 more to Loeffler specifically. Both Loeffler and Perdue lost their reelection bids.
Federal Elections Commission records show a second donation to the Senate Georgia Battleground Fund for $82,200, but a spokesperson for Beeson told The DePaulia that it is an error.
“Mr. Beeson has supported candidates on both sides of the aisle who he believes will drive better outcomes over time,” the spokesperson for Beeson said.
The last Democrat whose campaign Beeson fiscally supported was Dan Lipinski, a conservative Democrat known for his opposition to abortion, Obamacare and same-sex marriage; he received $2,800 from Beeson in March during his primary against progressive Marie Newman, who won the general election, too. Prior to that, his last donation to a Democrat was in 2009 to Connecticut Sen. Chris Dodd’s campaign.
The board of trustees is responsible for “shaping the strategies that best promote the fulfillment of the university’s mission and values,” according to a university Newsline post.
Beeson was appointed as chair of the university’s Board of Trustees in mid-December after the former chair, Lori Holland, died in November, shortly after the university dismissed for winter break.
The chair of the Board of Trustees, in consultation with the university’s president and other trustees, determines the agenda of all board meetings and serves as a liaison between the board and the president, according to university bylaws.
“The Secretary’s office works with trustees and the president throughout the year to recruit mission-driven and student-centered alumni and others to the board who collectively bring a balance of proven executive-level leadership and expertise to achieve their responsibility for shaping the strategies that best promote the fulfillment of the university’s mission and values,” university spokesperson Carol Hughes told The DePaulia.
The Office of the Secretary declined to comment. Hughes added that Beeson and his wife, Jennifer, have funded two named scholarship programs at DePaul through a seven-figure endowment, providing “well over 100” scholarship opportunities to students for more than a decade.
“Mr. Beeson’s combination of business acumen, leadership, philanthropic giving, commitment to education, and connection to the city of Chicago exemplify the mission and values of DePaul,” Hughes said.
Beeson graduated from DePaul in 1994 with a bachelor’s degree in Accounting and Finance. The year before he graduated, Beeson joined Citadel as an intern, one of the company’s first employees, according to his bio. Citadel is run by Ken Griffin, Illinois’ richest man, who made news this election season by dropping millions toward efforts against Gov. J.B. Pritzker’s so-called “Fair Tax.”
Beeson declined to be interviewed by The DePaulia, but a source familiar with Beeson’s politics told The DePaulia that he believes in “free markets” and “fiscally conservative” policies.
None of the Republican candidates Beeson donated to this year objected to the certification of electoral votes for President-elect Joe Biden. Beeson did donate to Rep. Mike Bost (R-Ill.), who supported those efforts, in 2018 when Bost was running for re-election. There is no evidence indicating Beeson donated directly to President Donald Trump’s reelection campaign.
“[Beeson] strongly condemns the actions that took place at the Capitol last week,” his spokesperson told The DePaulia.
Professor X • Jan 13, 2021 at 5:26 pm
I think Warren Clarke and Wesley Aten should meet over a virtual coffee. You are so similar. What are the chances that two different people would say the exact same thing?
Warren Clarke • Jan 13, 2021 at 10:25 am
To my previous point:
I was once proud to have graduated from DePaul.
As the years go by and the University increasingly makes right-wind decisions that effect the quality of intellectual expression and education, I have to say that I dislike the University. I do not recommend DePaul to colleagues with kids looking at schools, I do not donate, or participate in any Alum activities.
Warren Clarke • Jan 13, 2021 at 10:24 am
So be it. Apparently the DePaulia would have been estatic had Beeson donated funds to Planned Parenthood, Jan Shakowsky, J.B. Pritzker, Lori Lamebrain, Antifa, BLM and all the other left leaning kooks soon to destroy the greatest country in the world. Is DePaul University anything more than a money grabbing marketing machine with a horrific basketball team, too many chancellors of nothing in particular and, by and large, mediocre academics pandering to the disenfranchised people wearing Tawana Brawley t-shirts? Good grief. We’ve seen the future and this is it.
Jom Amma • Jan 12, 2021 at 7:24 pm
I hope this is the first of series of stories on the “who’s who” and “what’s what” of the board of trustees. While Breeson’s political donations are important when looking at his position as chair of the board, The DePaulia hasn’t paid any attention to the comings and goings of the BoT in years, so I hope you do more digging into Breeson, but also the other trustees. Otherwise, it’s a one-off story that winds up as more sizzle than steak
Wesley Aten • Jan 12, 2021 at 4:47 pm
I was once proud to have graduated from DePaul.
As the years go by and the University increasingly makes right-wind decisions that effect the quality of intellectual expression and education, I have to say that I dislike the University. I do not recommend DePaul to colleagues with kids looking at schools, I do not donate, or participate in any Alum activities.