Francis J. Carey Jr. was a lawyer, investment banker and philanthropist.
Francis J. Carey Jr. was a lawyer, investment banker and philanthropist.

Francis J. Carey Jr., a lawyer, investment banker and philanthropist whose ancestral roots go deep in Baltimore business and educational circles, died Nov. 1 at his Ambler, Pa., home of a pulmonary embolism. He was 88.

The son of Francis J. Carey Sr., a Baltimore corporate attorney, and Margery Armstrong Carey, a Baltimore Sun reporter and homemaker, Francis James Carey was born in Baltimore and raised on Wendover Road in Guilford.


Mr. Carey was a direct descendant of James K. Polk, the 11th president of the United States. His great-great-grandfather, James Carey, who had been the chairman of the Bank of Maryland, was a relative of Johns Hopkins.

His grandfather, Francis King Carey, had been president of the National Sugar Manufacturing Co., and his grandmother, Anne Galbraith Carey, had founded Gilman School for Boys in 1897, which was the first country day school in the nation.

A 1943 graduate of Gilman School, Mr. Carey attended Princeton University, and was 19 years old when he earned a bachelor's degree from the University of Pennsylvania.

He served in the Navy from 1945 to 1946 in the Pacific, as a communications and navigation officer aboard the USS Nicolet, and attained the rank of lieutenant junior grade before being discharged.

Mr. Carey earned his law degree in 1949 from Penn, and then joined the law firm of Townsend, Elliott & Munson, which later became Reed Smith LLP.

In 1973, he joined W. P. Carey, a real estate investment firm, that had been founded by his brother, William Polk Carey, and after retiring from the practice of law, became the company's president.

Even though he lived near Philadelphia, Mr. Carey never lost his fondness for Baltimore and served as a lifetime trustee of Gilman School and was on the board of the Maryland Historical Society.

As chairman and CEO of the W. P. Carey Foundation, he played an instrumental role in the founding of the Carey Business School at the Johns Hopkins University, the Francis King Carey School of Law at the University of Maryland and the W. P. Carey School of Business at Arizona State University.

He was a member of the Fourth Street Club and the Sunnybrook Golf Club in Plymouth Meeting, Pa., where he enjoyed playing golf. He also liked to play Sniff, which is a dominoes game.

His wife of 41 years, the former Emily Norris "Bitsy" Large, died in 1997.

A memorial service for Mr. Carey will be held at 11 a.m. Nov. 24 at St. Thomas Episcopal Church, 610 Church Road, White Marsh, Pa.

Mr. Carey is survived by two sons, Francis J. Carey III and H. Augustus Carey, both of Ambler; three daughters, Elizabeth Carey Gregory of Aiken, S.C., Emily N. Carey of Revere, Pa., and Francis W. MacMaster of Madison, N.J.; and 10 grandchildren.