Home > News > Notable Alum Makes Record-Breaking Donation to Fordham

Notable Alum Makes Record-Breaking Donation to Fordham

Nadine DeNinno, News Co-Editor

Mario J. Gabelli, Fordham College of Business Administration (CBA) ’65, has donated $25 million to fund Fordham’s expansion plan Excelsior | Ever Upward | The Campaign for Fordham, making this the largest donation in the University’s history. In his honor, the University will rename the undergraduate business college the Gabelli School of Business.
In addition to the expansion plan, this gift will increase student scholarships and faculty chairs and help create the Center of Global Investment Analysis, which will enhance scholarship in the study and understanding of capital markets.

Gabelli, a Bronx native, was a summa cum laude graduate of the former College of Business Administration at Fordham. He continued on to obtain an M.B.A. at Columbia University before becoming an investor and CEO of GAMCO Investors Inc. Now residing in Greenwich, Conn. with his wife, Regina Pitaro, Fordham College at Rose Hill’76 and a member of the Board of Trustees of Fordham, Gabelli has made a long-term philanthropic promise to support education at Fordham University.

“Education is the great leveler, the engine of America’s meritocracy, and it must remain so for the country to compete in the global economy,” Gabelli, said. “My family always stressed the importance of education as a stepping stone to creating a better life. I am proud and blessed to be able to contribute to that effort.” Gabelli is the first to attend college in his family.

His gift will be officially announced on September 25, 2010 during Homecoming at Rose Hill. The donation has boosted the expansion plan’s total to $364.8 million.

“It is impossible to overstate how much Mario Gabelli’s gift means to Fordham, and to higher education,” said Joseph M. McShane, S.J., president of Fordham. “His extremely generous gift will greatly enhance Fordham’s ability to deliver a world-class business education.”

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