Money manager gives $3m to BC to endow finance professorship

By Chris Reidy
Globe Staff / September 23, 2010

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Money manager Mario J. Gabelli has donated $3 million to endow a Boston College professorship, and Alan Marcus will be the first professor to occupy the Gabelli chair in finance at BC’s Carroll School of Management.

“My wife, Regina, and I believe that a fundamental underpinning of our democratic system is meritocracy and that America’s global competitive advantage is maintained through education,’’ Gabelli, the chairman and chief executive of Gamco Investors Inc., said in a statement: “For a great university to help accomplish that goal, it should honor excellent faculty such as Alan Marcus.’’

A Fordham University graduate with an MBA from Columbia University, Gabelli is the father of four BC graduates, a longtime BC benefactor, and a member of BC’s board of trustees.

He has funded the construction of a dormitory, and in 2002, the Gabelli Foundation made a $10 million gift to endow the Gabelli Distinguished Presidential Scholars Fund.

Marcus became a BC finance professor in 1991.

His research interests include derivatives and securities markets.

Among other major gifts to BC are $20 million from Fidelity Management & Research Co. vice chairman Peter Lynch and his wife, Carolyn, to fund a program that trains school principals; and $20 million from Roche Bros. supermarkets cofounder Patrick Roche to fund a Center for Catholic Education.

The university has received several larger gifts, but they were either given anonymously, or have yet to be announced.

Chris Reidy can be reached at