Raymond H. Welsh, W’53, emeritus Trustee at the University of Pennsylvania, died on February 15 after contracting a bacterial infection. He was 84 years old.

Mr. Welsh earned his BS from the Wharton School in 1953. A corporate finance major, he was a member of the Friars Senior Society, the Houston Hall Student Board, the Penn Union Council, the Phi Kappa Beta Junior Honor Society, the Sigma Chi fraternity, the Penn Pics magazine staff and the Naval ROTC. After graduation, he served in the US Navy as a navigator and executive officer on a cargo ship in the South Pacific.

Mr. Welsh was senior vice president of Wealth Management at UBS Financial Services, a global financial services firm. He spent his entire career with UBS and its predecessor firms, UBS PaineWebber and Kidder, Peabody & Co.

At Penn, he chaired the Health System’s $625 million campaign, “Creating the Future of Medicine,” from 1989-2000. He helped the Health System exceed its fundraising goal by $45 million. He served on the Agenda for Excellence Council and was active in fundraising for the Campaign for Penn and the Program for the Eighties. He was also gift-chair of the Class of 1953 Reunion Giving Committee and a member of the Corporate Annual Giving Committee. With his wife, Joanne Welsh, CW’52, he co-chaired the Benjamin Franklin Society.

Mr. Welsh received Penn’s Alumni Award of Merit in 1993. He joined the Board of Trustees in 1994 and served on the Budget & Finance and Student Life committees. He was named an emeritus Trustee in 1998. He was also an emeritus Trustee of Penn Medicine and chair of the Clinical Care Associates Board. He was a longtime member of the Board of Overseers of the Annenberg Center for the Performing Arts, President of the Class of 1953 and a director of Penn Alumni.

Mr. and Mrs. Welsh, members of the Academy, established gifts in their names for undergraduate scholarships and for scholarships at the Perelman School of Medicine. They created a fund at the Wharton School to benefit the Undergraduate Program in Leadership, Teamwork & Communication. They endowed the Joanne T. and Raymond H. Welsh Chair in Child Welfare & Family Violence at the School of Social Policy & Practice. They generously supported the Annenberg Center. In 2012, they established funding to provide support for cutting edge and personalized cancer care at the Abramson Cancer Center and for diabetes research.

Mr. Welsh is survived by his wife, Joanne; their children, Scott Welsh and Margaret Hooper; and their grandchildren, Christina, GR’14, M’14, Leigh, Henry, Brady, Charlie and Jake.

A memorial service will be held at 3 p.m. on Friday, February 26 at St. Christopher’s Church, 226 Righters Mill Rd., Gladwyne, PA 19035. Donations can be sent to the Raymond H. Welsh Memorial Fund, Penn Medicine Development, 3535 Market St., Suite 750, Philadelphia, PA 19104, or to Bancroft, 1255 Caldwell Rd., Cherry Hill, NJ 08034.