VCU, Wade family announce arena naming rights deal “We really believe in the vision of the department, and specifically as it relates to basketball. Our financial support is a way for us to demonstrate our belief in VCU athletics and VCU basketball. And we strongly believe in the scholarships it will provide to help students excel academically; preparing them to succeed in life.” Said VCU athletic director Ed McLaughlin: “The generosity of the entire Wade family is humbling and inspiring. Jeff and Janet have shown incredible philanthropy in the central Virginia community and the naming of the E.J. Wade Arena is the perfect example. “This gift will have a direct impact on our student-athletes’ experience and development at VCU. We love having the E.J. Wade family involved with the Rams and we look forward to a long relationship.” E.J. Wade Construction was founded in 1991. In 2013, the Wades created the E.J. Wade Foundation, a nonprofit that specializes in various philanthropic ventures, including support for orphanages in Niger, disaster preparedness and relief, as well as
RICHMOND — VCU announced a 10-year, $2.75 million naming-rights deal Thursday with Mechanicsville-based business owners Jeff and Janet Wade to rename the arena inside the Stuart C. Siegel Center the E.J. Wade Arena. The deal replaces VCU’s expired arrangement with Verizon, which had provided $165,000 annually, according to VCU. The Wades, owners and founders of E.J. Wade Construction and the E.J. Wade Foundation, have also pledged additional donations as part of this agreement that will push their overall financial commitment to VCU athletics to $4.05 million over the length of the contract, the school said. “VCU is a very special place to me and my family, with four of my children having graduated from the university,” Jeff Wade said in a statement. “As a family, we owe a lot of our success to VCU. Basketball has become one of our passions, and we feel fortunate to have been able to develop a very good relationship with the current athletics department and men’s basketball coaching staffs. MONDAY EVENING 4 PM 4:30 5 PM
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The arena at VCU’s Stuart C. Siegel Center will become E.J. Wade Arena after a family pledged $4.05 million in overall athletic support.
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