Foundation supports Presidential Scholars
A $10 million
gift from the Gabelli Foundation, founded by Mario Gabelli, chairman
and CEO of Gabelli Asset Management, will endow the Gabelli Distinguished
Presidential Scholars Fund within Boston College's Presidential
Scholars Program. The leadership education program attracts some
of the most gifted students in the nation to Boston College. The
Gabelli endowment will give preference to students of Italian-American
Gabelli, father of Marc '90, Matthew '93, and Michael Gabelli '00,
and Elisa Gabelli Wilson '95, is a founder of the Boston College
Wall Street Council, which sponsors an annual dinner that has raised
more than $11 million to endow Presidential Scholarships.
The Presidential Scholars Program each year enrolls 15 incoming
freshmen, chosen for their academic excellence, demonstrated leadership
ability, and significant community service involvement. The scholars
enter the Honors program in their selected field of study and take
part in three summer programs that include social service, travel
and study in Europe, and professional internships.
"It is impossible to overstate the impact and importance of a gift
like this one from Mario Gabelli and his family," said University
President William P. Leahy, SJ. "Aside from the obvious and primary
purpose of providing substantial, permanent support for one of the
University's flagship academic programs," said Leahy, "the gift
also generates tremendous momentum for the final phase of the Ever
to Excel Campaign."
The director of the Presidential Scholars Program, Chemistry Professor
Dennis Sardella, said Gabelli's contribution will help fully fund
tuition costs for incoming Presidential Scholars, in addition to
providing a recruiting advantage to attract the top-level students
in the country. "We made the commitment this year to go from a half-
tuition to a full-tuition merit scholarship for Presidential Scholars,
beginning with the Class of 2006," said Sardella. "This gift will
make a huge difference in our ability to support that commitment."
"Mario Gabelli's name obviously carries a great deal of weight in
the financial community. For students who are interested, for example,
in the Carroll School of Management or in studying economics, it
may very well be that the ability to name some of these people 'Mario
Gabelli Distinguished Presidential Scholars' will go a long way
toward helping us recruit them," said Sardella.
"From the earliest days of the concept of Presidential Scholars
at Boston College, we have seen the positive and widespread impact
that this program has had in attaining Boston College's Jesuit goals
and ideals," said Gabelli. "This gift from our foundation
underscores our continuing belief that the program will continue
to attract some of the most gifted students in the nation to Boston
College and create a group of future world leaders."