Timothy Weglicki, Baltimore philanthropist and businessman, dies
Timothy Weglicki, a Baltimore businessman and philanthropist, died Nov. 21 at the Gilchrist Hospice in Towson. He was 72.
Timothy Weglicki, a Baltimore businessman and philanthropist, died of frontal temporal dementia Nov. 21 at the Gilchrist Hospice in Towson. He was 72.
Mr. Weglicki grew up in East Baltimore with his parents Theodore Joseph, a Bethlehem Steel worker, and Bridget Vrablic Weglicki, a homemaker.
Mr. Weglicki attended Archbishop Curley High School and then the Johns Hopkins University, where he was a wide receiver on the football team and graduated in 1973. He went on to earn an MBA in finance from the University of Pennsylvania, Wharton School of Business. He met his future wife, Mary Denise Flynn, at a mixer in college.
After graduation, Mr. Weglicki spent two years in the JP Morgan training program in New York City. He then joined Alex Brown & Sons where across 15 years he was an investment banker in the firm’s healthcare practice, headed the corporate finance and equity divisions and founded the firms’ Capital Markets Group.
“He was an extraordinary person, and he was very capable,” said Donald Hebb, a colleague of more than 40 years. “He was easy to talk to. People that run the companies are very capable, driven and opinionated people. Tim was able to build a relationship with them and talk with them about what their strategy was.”
Mr. Weglicki left Alex Brown in 1993 to co-found ABS Capital Partners, where he was a partner until his retirement in 2020. He served as director of Coventry Health Care Inc., American Public Education and numerous ABS Capital portfolio companies.
“Even though he had great success in finance, he was always guiding the people around him,” said Anne Weglicki Mason, his daughter. “He was always very kind and as his daughter he taught me to be kind with everyone you worked with.”
He would mentor people in business, said his wife.
Mr. Weglicki was a philanthropist who supported Archbishop Curley High School and helped renovate a closed Catholic School that became St. Ignatius Loyola Academy. He was also a member of the Yellowstone Park Foundation, a nonprofit focused on nature preservation.
His hobbies included fly fishing, cycling, photography and supporting the Ravens and Hopkins Blue Jays.
“He was a true sportsman. He loved to hunt and fish,” his daughter Anne said. “In all of our childhood vacations with families such as business partners and friends around the city, we would fish. We would travel around to Florida or the Bahamas.”
Mr. Weglicki became the a photographer for his daughter’s sports teams, she said. He sat on the board of Garrison Forrest School, which his daughters attended, for 20 years.
“He offered a different perspective from the business point of view,” his wife said. “He thought about how many students they needed, approaching it from a business point of view. You need that to expand your enrollment, and he just gave a strategic point of view to the head of the school and other board members.”
Mr. Weglicki is survived by his wife of 50 years Mary Denise Flynn; daughters Elizabeth Beal Weglicki Homans, of Chagrin Falls, Ohio, and Anne Corbett Weglicki Mason, of Houston, Texas; sister Mary Bridgette Weglicki Targarona, of Baltimore; and four grandchildren.
Funeral services were held Nov. 29 at St. Charles Borromeo Church in Pikesville.