Dwight Schar

Dwight Schar is an American businessman. He is the founder of NVR, Inc., a Fortune 500 company that is the third-largest home builder (by revenue) in the United States.[1] He currently serves as the company's Executive chairman and Chairman of Executive Committee.[2] Schar is also a part-owner of the Washington Football Team,[3][4] and the former Finance chairman for the Republican National Committee.[2] He lives in McLean, Virginia and Palm Beach, Florida.

Dwight C. Schar
Born1942 (age 77–78)
Ohio
Alma materAshland University
OccupationHome builder and investor
WebsiteNVR

Background

Dwight Schar grew up in rural northeast Ohio and graduated from Norwayne High School in 1960. He then attended Ashland University (then Ashland College) in Ashland, Ohio, where he majored in education. After graduating from Ashland in 1964, Dwight began teaching, and on the weekends, he had a job selling homes.[5] Schar soon left teaching to pursue a career in home building.[6] In 1980, Schar founded his own company, NVHomes,[7] which eventually acquired his former employer, Ryan Homes, in 1987; the company was thus renamed NVR.[2] NVR lost billions of dollars and was forced to declare Chapter 11 bankruptcy in 1992.

Today, NVR is the corporate umbrella under which NVHomes, Ryan Homes, Fox Ridge Homes, Rymarc Homes, Heartland Homes, and NVR Mortgage operate.

Political Involvement

Along with his involvement in the Republican National Committee, Schar is also a well-known financial supporter of the Republican Party and numerous Republican candidates, making contributions through his company[8] as well as private contributions from both his McLean, VA home[9] and his home in Palm Beach, FL.[10]

In 1989, Virginia Republican gubernatorial candidate Marshall Coleman was backed financially by Schar. An investigation from the Richmond Times-Dispatch had discovered that one of Schar’s companies had issued loans through the Virginia Housing Development Authority. Coleman had profited from the sale of two homes through Schar’s company as well.

In both the 2000 and 2004 Bush-Cheney presidential campaigns, Schar was not only a donor, but also a major fundraiser. In the 2000 campaign, Schar was a Bush "pioneer", the distinction given to those committed to raising $100,000 or more for the campaign. In the 2004 re-election campaign, Schar rose to the new level of "Ranger," raising $200,000 or more.[11][12]

Philanthropy

Dwight Schar has given to many schools and colleges. In 2004, Schar donated $200,000 to Norwayne High School, his former high school in Creston, OH to go toward the construction of a new track, football stadium, and scoreboard. The school named the new track the "Dwight Schar Track" in his honor. In 2006, he donated $5 million to his alma mater, Ashland University, to help fund the construction of their new education building. The university named the new building "Dwight Schar College of Education" in his honor. In 2009 Schar again made a $7 million donation towards the new Ashland University on-campus football, track & field and Soccer facilities, named appropriately "Dwight Schar Athletic Complex". Then most recently he gave another $7 million to his alma mater for the purchase of Med Central College of Nursing, which is now known as the Dwight Schar College of Nursing & Health Sciences. In 2011, Schar once again donated at least another $800,000 to his high school, Norwayne High School, to update the auditorium, putting in the latest lighting and sound technologies. The remainder of that money went on to update the band, art rooms, as well as an education and learning center for existing students and continuing education students linked to local universities. The auditorium was then renamed the Dwight Schar Performing Arts Center, in his honor.[13] In 2014, Mr. Schar pledged $12 million to Elon University in Elon, NC, which will help fund construction of buildings for the School of Communications and a proposed convocation center. Such contribution is the largest single gift in the school's history.

Shortly thereafter, Schar contributed $50 million to INOVA Health Center in Fairfax, VA, thus launching the INOVA Dwight and Martha Schar Cancer Institute. The center will anchor the new INOVA Center for personalized Health recently established, which will provide a platform for the development and application of advances in cancer treatment and personalized medicine through genomics. Dwight Schar has also made seven figure donations to George Mason University, Child Helps, Youth for Tomorrow and the George W. Bush Presidential Library. Other major gifts have been made to Rosarian Academy and Royal Poinciana Chapel. In May 2016, George Mason University President Angel Cabrera announced Dwight Schar's $10 million gift to the George Mason University School of Policy, Government, and International Affairs, which will be known as the Schar School of Policy and Government.


gollark: But won't stuff just naturally get worn down and, you know, not be the same atoms?
gollark: They don't actually know if the whole universe will break if they do stuff wrong.
gollark: Is it?
gollark: Ah. How does that work in practice though?
gollark: NCP?

References
  1. Executives Cashing In Shares At NVR – washingtonpost.com
  2. Dwight Schar: Executive Profile & Biography – BusinessWeek
  3. "Archived copy" (PDF). Archived from the original (PDF) on July 9, 2007. Retrieved April 25, 2008.CS1 maint: archived copy as title (link)
  4. Options Earn $59.4 Million for Schar – washingtonpost.com
  5. Dwight Schar (with Martha)
  6. "Building a fortune anew – US News and World Report". Archived from the original on October 10, 2012. Retrieved August 26, 2017.
  7. NVR Inc
  8. NVR, Inc
  9. NEWSMEAT ▷ Dwight Schar's federal campaign contribution search results Archived June 22, 2011, at the Wayback Machine
  10. NEWSMEAT ▷ Dwight Schar's federal campaign contribution search results Archived June 22, 2011, at the Wayback Machine
  11. OpenSecrets Archived November 4, 2007, at the Wayback Machine
  12. village voice > news > The Bush-Cheney Gazillions Tour by Ward Harkavy Archived August 9, 2007, at the Wayback Machine
  13. Ashland University has received a $5 million gift from Dwight C. Schar, chairman and CEO of NVR, a homebuilding and mortgage-banking company | Diverse Issues in Higher Education | Find Articles at BNET.com
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