For the second time in a month, an unnamed residence hall at Boston College will take on a new identity.
At ceremonies on Dec. 13, University officials will recognize the significant contributions to Boston College of one of Wall Street's best known money managers and the parent of three Boston College graduates by naming 80 Commonwealth Ave. Gabelli Hall, after Mario J. Gabelli.
The ceremony comes fresh on the heels of the dedication two weeks ago of Joseph and Mae Vanderslice Hall on the Lower Campus.
Gabelli, of Rye, NY, is chairman of Gabelli Funds, a group of mutual funds with nearly $8 billion in assets. He also is chairman and CEO of Lynch Corp., and controls the money management firms Gamco Investors and Gabelli & Co. An elected member of the board of governors of the American Stock Exchange, Gabelli is the father of four children, three of whom - Marc '90, Matthew '94 and Elisa '95 - are Boston College alumni.
"Though a graduate of another Jesuit university, Mario Gabelli is a prime example of a parent whose intense interest in the education of his children translates into dedicated support of their alma mater," said University President J. Donald Monan, SJ. "Mr. Gabelli has not only generously strengthened Boston College out of his material resources; the rapid expansion of the University's endowment bears the mark of his professional expertise that has made him a leader in his field. His is not a detached philanthropy. His frequent presence at campus events is as much a stimulus to excellence on our part as it is a source of enjoyment for him."
Commenting on his philanthropic activities in education generally and at Boston College in particular, Gabelli said, "Education is the transfer of cumulative knowledge for the benefit of all mankind. The Jesuits, Boston College and Fr. Monan have combined to take education to its ultimate."
Dubbed "Super Mario" by Wall Street watchers, Gabelli began his career in finance in the research department of Loeb Rhoades following his graduation from Columbia University's MBA program. He is a 1965 summa cum laude graduate of Fordham University. After several years at Loeb Rhoades, Gabelli joined the research firm William D. Witter, where he stayed until founding his own research-oriented brokerage firm in 1977, following the merger of Witter with Drexel Lambert.
In addition to his philanthropic activities with Boston College, he has served as a member of the University's Wall Street Council Executive Committee and the National Development Board, and as a member of the Trustee Development Committee's Corporate-Foundations Committee. Gabelli Asset Management Co. helps manage part of Boston College's endowment.
Gabelli also has been involved with numerous charitable commitments, including serving as co-chair of Fordham Prep's Sesquicentennial Campaign and manager of Prep's portfolio, and trustee of Roger Williams University in Rhode Island, which named its school of business after him in October.
Gabelli Hall is the twin residence hall along Commonwealth Avenue to Voute Hall, named several years ago for the late William J. Voute, the founding co-chairman of the Wall Street Council and former trustee, and his wife, Mary Jane, a University trustee.
Opened in the fall of 1988, Gabelli Hall features two-level, sky-lit townhouse-style apartments, as well as two-bedroom apartments, all with full kitchens and modern furnishings. The residence hall, carefully constructed to blend with the Gothic architecture of the Middle Campus as well as the Tudor-style homes in neighboring Chestnut Hill, includes common areas for social, cultural, recreational and educational activities. It is home to nearly 160 students and staff.
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