The art gallery on the campus of Randolph College (formerly Randolph-Macon Woman’s College) was dedicated as the Maier Museum of Art in 1983 following an endowment from the Maier Foundation for the museum and additional renovations to enhance its collection display and storage space.

Following his mother’s advice to “do good with all the money you can spare,” William J. Maier , Jr., created the Sarah and Pauline Maier Scholarship Foundation, named after his mother and wife. It has focused most of its resources on the higher education of West Virginia students and on cultural activities in the Charleston, West Virginia area. In 2003, the Sarah and Pauline Maier Foundation was renamed the Maier Foundation, Inc.

A bronze bust of William J. Maier, Jr., is on view at the museum.