Remembering Elizabeth “Liz” Lindsay

By Julie Milton | March 2022

“When you find a good place to live, you try to be a part of the community, and support it in any way you can.”

Elizabeth “Liz” Lindsay

I first met the remarkable Liz Lindsay when my dear friend, Karen Koblenz, became CEO of The Exchange (formerly the Woman’s Exchange). Liz was a co-founder of The Exchange in 1962 and she remained a driving force behind its success throughout her life. 

Since inception, The Exchange has donated more than $9 million in student scholarships and grants to arts and cultural organizations. Her vision for this business that keeps on giving, is an important part of the fabric and success of our community.

We were in a social setting at our first meeting, and I marveled at her stamina, sharpness, and quick wit. She was in her mid-80s then. It didn’t take me long to see that Liz was a strong and smart lady with a gentle and kind soul. I instantly took a liking to her. I would have the great pleasure of meeting Liz several more times during the next several years, so it was with sadness when I learned of her death on January 18, 2022.  

This community is so blessed for having Liz among its most ardent supporters.  Her philanthropy extended to many important organizations and causes. Liz was in the first class of graduates in the University of South Florida’s Executive MBA program, and she was one of the University’s largest benefactors. Supporting the education of our youth so they could become valuable members of the community was very important to Liz. 

The list of organizations she supported since her arrival to Sarasota in 1948 is too long to list here, and I know she will be fondly remembered in the hearts of many people for her amazing life of service and generosity.  

Sarasota Scene had the opportunity to interview Liz Lindsay for its September 2012 issue. Here are some insightful questions and answers from that interview: 

What was the greatest thing your parents taught you?

To be independent. My father, who was an engineer, encouraged me and told me I could do anything boys could do. 

Describe what you think the Woman’s Exchange means to Sarasota and in particular women?

You must realize that women did not go into business ventures back then without the backing of their husbands and banks. I remember when we took out our first loan to buy our building. The banker asked if our husbands would guarantee it.  I told them we wouldn’t do that, and you can accept this on the worth of the business.  We’ve operated that way ever since.  

What is your advice for a good life?

I guess it is to get involved.  I was at lunch one day and I bumped into this beautifully dressed woman. She was complaining that she was bored, there was nothing to do in this town, and she probably wouldn’t stay.  I just couldn’t understand that. There’s something for everyone to do that is creative, educational or philanthropic…

After all is said and done, how do you want to be remembered?

As a good citizen who cared about the community and helped it grow.

And that is precisely how Liz Lindsay will be remembered.