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MANHATTAN COLLEGE ANNOUNCES $17 MILLION GIFT FROM COLLEGE'S BOARD OF TRUSTEES RIVERDALE, N.Y. — Manhattan College today announced a $17 million gift from its board of trustees to the College’s Sesquicentennial Capital Campaign, a significant step toward achieving the goals of the largest financial endeavor in the Riverdale institution’s more than 150-year history. The $17 million gift represents over 10 percent of the capital campaign goal and brings Manhattan College past the $135 million plateau. “This gift of $17 million from the board is a measure of our commitment to the College, by making sure that Manhattan remains a vibrant institution today as well as for students a generation from now,” said Anthony Scala, Manhattan College board of trustees member and president of Lowy & Donnath, Inc. Tom O’Malley, the Board Chairman, matched the gifts from the balance of the Board, which is over and above their regular contributions. It includes a collective gift to the College from the De La Salle Christian Brothers who serve on the Board. O’Malley, who assumed the position of chairman in July, has been resolute in his desire to also build the endowment to enable the College to continue its historic commitment to first generation college students, especially those from New York City who have significant financial need. Upon being named chairman, O’Malley expressed his desire to improve Manhattan’s financial resources “by generating greater participation of its alumni and benefactors,” and he strongly challenged the board of trustees to secure increased funding. “The Manhattan College board of trustees’ $17 million contribution to the College’s Sesquicentennial Capital Campaign represents a dramatic new dimension of trustee support for Manhattan. Tom O’Malley, in office only a year, is proving to be the development leader the board anticipated when we asked him to accept the chairmanship,” said John Paluszek, senior counsel at global public relations firm Ketchum, trustee emeritus at Manhattan and chair of the 2004-2005 search committee that nominated O’Malley. O’Malley, a resident of Greenwich, Conn., graduated from Manhattan in 1963 with a degree in business administration and economics. He has been a longtime benefactor and the College recognized his outstanding business leadership by awarding him the 1994 De La Salle Medal. Most recently, O’Malley and his wife, Mary Alice, were honored at the College’s dedication of the Mary Alice and Tom O’Malley Library in 2002, after their gift of $7.5 million led to the construction of the new 24-hour library complex. Announced publicly in January 2003, the Sesquicentennial Capital Campaign to raise $150 million is the most ambitious development program in Manhattan College history. In addition to the recently renovated library, plans for a new residence building next to Horan Hall and an on-campus parking garage are among the campaign’s objectives identified by the board of trustees and school administration. |
