The advancement of the School of Education at Boston College reached a new level in 1999, when the late Carolyn and Peter Lynch announced a gift of more than $10 million to the University.
In honor of that gift, at the time the largest ever to the University, the School of Education was named in their honor in official ceremonies, November 2000.
The Lynches, along with late BC Trustee Tom Flately, also funded the highly successful Urban Catholic Teachers Corps, which has trained more than 170 urban Catholic School teachers in the Boston area through a 2-year program that includes practicum training and a graduate degree from the Lynch School.
In the spring of 2010 Carolyn and Peter Lynch furthered their generous commitment to the Lynch School with a $10 million gift to launch a new Leadership Academy for early- to mid- career principals from urban Catholic, district public, and charter public schools.
We were deeply saddened by the loss of Carolyn Lynch, who died suddenly of leukemia in October 2015. We seek to honor Carolyn's many contributions to education by striving for excellence in living out the mission of the school that bears her name.
Peter Lynch '65 is treasurer of the Lynch Foundation and vice chairman of Fidelity Management & Research Company. Mr. Lynch was the portfolio manager of the Fidelity Magellan Fund.
During his tenure, the Fidelity Magellan Fund was the top-ranked general equity fund in the nation. Mr. Lynch is the author of two bestselling books, One Up on Wall Street and Beating the Street, and co-author of Learn to Earn. His books have been translated into 17 languages. Mr. Lynch has served on numerous nonprofit boards and is also the recipient of many national and local civic awards.
Mr. Lynch was elected a fellow of the American Academy of Arts and Sciences in 1991, and, in 2009, he was inducted into the Greater Boston Chamber of Commerce’s Academy of Distinguished Bostonians. He is a Knight of Malta and was awarded the Order of St. Gregory the Great. He has received honorary degrees from 15 colleges and universities, including one from Boston College in 1995.
For the last 24 years, he has served as chairman of the Inner-City Scholarship Fund, raising over $150 million in partial scholarships for children of all faiths and backgrounds living in Greater Boston and attending inner-city Catholic schools. Mr. Lynch served as a lieutenant in the U.S. Army, received his undergraduate degree from Boston College, and earned an MBA from the University of Pennsylvania’s Wharton School of Business.
The late Carolyn Lynch was founder, former president and CEO of the Lynch Foundation. The daughter of a teacher and school administrator, Mrs. Lynch was a tireless advocate on behalf of Catholic schools, inner-city schools and the teaching profession. She received papal honors in recognition of her commitment to Catholic education.
Mrs. Lynch was a firm believer in entrepreneurial investing, which she described as “planting seeds for worthy causes that can take off, be replicated and provide the maximum good for people in need.” Among the many worthy causes to which she directed her and Peter’s philanthropic outreach were education, health care, culture and religion.
Mrs. Lynch received four honorary degrees, including one from Boston College in 2009. She received a bachelor of science degree from the University of Pennsylvania.
Carolyn and Peter were married for more than 46 years and have three daughters and six grandchildren. Their daughter Annie graduated from BC’s College of Arts and Sciences in 2001.
Both Carolyn and Peter believe that philanthropy is an integral part of family life, founding the Lynch Foundation in 1988. Since inception, the Lynch Foundation and the Lynch family have awarded over $150 million in grants. The Lynches were among the first major supporters of City Year, Teach for America, Americares, Mass Mentoring and Partners in Health. Locally, the Catholic Schools Foundation, Catholic Charities, the Campus School of Boston College, the Boys and Girls Club of Boston, the New England Conservatory of Music, the Museum of Fine Arts and the Peabody Museum were among many organizations that benefitted from their benevolence. Carolyn and Peter are ranked among the top five donors in the history of Boston College.