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In Memory of W. Arthur Washburn III, Upsilon Delta 1988

Wednesday, February 22, 2017   (1 Comments)
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Art Washburn, Upsilon Delta '88, died unexpectedly on Sunday, February 12, 2017 while out for a run. Our hearts go out to Art’s wife Sondra, and his three boys, Alex (21), Zach (18), and Christopher (15).


Art’s commitment to Chi Psi has been strong. He was one of the 12 founders of Alpha Upsilon Delta in 1984, and has always been involved with his Alpha. For the past three years, he has served as a Trustee of The Chi Psi Educational Trust, chairing the Trust Investment Committee. He has been a facilitator for the Emmons AMR, PSD, and the Spencer Institute. 


Art was a co-founder of an investment advisory firm in Henrico County and a leader in the Richmond business community. His friends and family said Art, as he was known, will be missed by thousands of people, including work associates, those in the local charitable community, the youth sports community and friends from Wake Forest University and the Chi Psi Fraternity.


“Art was truly a remarkable person,” said Linda Vines, the state executive director for the March of Dimes. “He was a devoted husband and a proud dad. He was always willing to give of himself to others and the community. We have lost a great servant leader, and I personally have lost a great friend.” Everywhere Vines worked, including the American Heart Association and the Central Virginia Cystic Fibrosis Foundation, she turned to Art for his help and involvement. “He would give 120 percent of himself to do what was right for the organization,” Vines said.

Mr. Washburn grew up on a farm, in Salisbury, Md., in a family of modest means and a loving environment committed to hard work. He met his future wife, Sondra Stefursky, in high school. They dated through high school and college, and married in 1990 at St. Francis de Sales Catholic Church in Salisbury. The couple had three boys to whom their friends say they dedicated everything: Alex will graduate from Hampden-Sydney College this spring. Zach will graduate from Deep Run High School this spring and go on to play soccer at Christopher Newport University. Christopher, known as “C-Dub,” is a freshman at Deep Run High School.

After graduating from Wake Forest University, Art worked as a credit analyst for Signet Bank in Richmond. He then ran credit card operations for Thalhimers until the department store’s closure. In 1992, Art joined Prudential Securities to manage investments and financial affairs for families. He and Craig Forbes formed a team at Prudential Securities in early 1995, and they remained close friends, colleagues and sounding boards for each other over the years. While at Prudential, Art received his master’s in business administration from Virginia Commonwealth University’s School of Business. The work team joined Alexander Key in 2003, later named SunTrust Capital Markets. Despite the financial jitters in 2009, Art— with his calm demeanor and cheery outlook — helped his team and clients get through the stress.

“Art was a man of integrity; he did everything he said he would do,” said Bob Farlow, a friend, client and general manager of McGeorge Toyota. “Art had the ability to connect with people. He was truly one of a kind.”

“Even though Art was successful in business, his big success was what he and his wife did in raising three boys” says Bill Graham, the certified public accountant for the firm and a personal friend.

Art was a loyal member of the local Kiwanis Club. He was on the board and an investment adviser for the Virginia Voice for the Print Handicapped. He was on the American Heart Association’s board in central Virginia for a decade and president for three years. He served on the Central Virginia Cystic Fibrosis Foundation board for a decade, became president and then became a member of the national Cystic Fibrosis Foundation’s board. He was the 2017 chairman for the March of Dimes’ March for Babies, a walking event to raise funds to fight premature birth, birth defects and infant mortality. He was on the Glen Allen Youth Athletic Association Basketball Operations Committee, helping shape the recreational league into one of the most successful in central Virginia. And he was the incoming president of the Henrico Business Leaders organization.

“Art may have been known most importantly for his integrity, positive outlook and kindness in everything that he did,” Forbes said. “Teams and families are not made up of numbers, but of real people. Never has that been more true than for Art Washburn, whom his family, friends and business colleagues will miss so dearly forever.”

February 15, Deep Run High School celebrated Art's life at their basketball game. Art greatly helped shape the basketball programs in the area, his contributions were by no means unnoticed. Brothers and friends came to cheer on the team and especially Art's son, Zach. 

"Over 30 years ago, many of us on this thread met as freshmen at Wake Forest. We were fortunate to find each other and establish a fraternity that matched our ideals. To me, Art was always the best example of the scholar and gentleman we aspired to be. He lived his life to the fullest, loved his family more than anything, made a lasting impact on his community and achieved excellence in his career. I leaned on him numerous times over the years for advice and comfort. He was one of the best friends a person could ever have."

R. Bruce Thompson II, Upsilon Delta '88

Memorials may be made to any of these organizations:


Shady Grove Methodist Church


Deep Run High School

c/o Athletic Boosters

4801 Twin Hickory Rd.

Glen Allen, Va. 23059


Cystic Fibrosis Foundation-Virginia

7202 Glen Forest Drive

Suite 102

Richmond, Va. 23226


The Chi Psi Educational Trust, Inc.

45 Rutledge Street

Nashville, TN 37210



John S. Chinuntdet says...
Posted Wednesday, April 19, 2017
One of my closest and dearest friends on the planet, Art Washburn, unexpectedly passed away. We met as college freshmen suite mates, pledged Chi Psi Fraternity together, graduated together and were in each other's weddings. Since 1988, Art and I had talked several times a week about our families, brothers, friends, business and basketball. Art was a true gentleman, a respected scholar, a loyal friend, a wonderful father, a loving husband, a successful businessman, an adored human being and an extraordinary brother. From the time that Art saved me from doing something my freshman year that I would have regretted for the rest of my life to calling to congratulate me on a deal closing, Art was always there to support me in anything that I did. I hope that everyone is lucky enough to have a brother and friend like Art in their lives. Sondra, Alex, Zach, Christopher and Art's mom are in our thoughts and prayers. YITB, /s/ John Chinuntdet, Upsilon Delta ‘88

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