In Memoriam: Faculty & Friends

Notices sorted by graduation date

Richard Francis DeMong of Charlottesville died Aug. 5, 2023. He graduated from California State University, Long Beach, with a degree in political science before joining the U.S. Air Force. He left active service in 1972 and served in the Air Force Reserves until his retirement as a colonel in 1989. Upon leaving active duty, he earned his M.B.A. at the College of William & Mary and received his doctorate in finance and management science from the University of Colorado. In 1977 he became an assistant professor at UVA’s McIntire School of Commerce, where he spent the entirety of his academic career. An expert in subprime and non-prime mortgage and home equity lending, he testified in 2004 to two subcommittees of the U.S. House of Representatives on the need for federal regulation of subprime and predatory lending. After retiring from UVA in 2010, he continued as a faculty adviser to the McIntire Investment Institute and served on the board of the University of Virginia’s Physician Group. He was active in the Rotary Club of Charlottesville and was on the board of several organizations, including the Charlottesville Committee on Foreign Relations and the Central Virginia Chapter of Military Officers Association of America. He loved the mountains, all things Disney, classical music and UVA sports. Survivors include four children, including Cheryl DeMong Hubbard (Com ’91 CM) and Lynn A. Waidelich (Col ’99, Educ ’99 CM); 11 grandchildren; a brother; a sister; and a nephew.