on campus - Article - Manhattan College

New York Life Insurance
Luncheon Hosted
It is axiomatic that the personal approach works best in
development and fund-raising work. Alumnus and trustee
Patrick Boyle ’75, who is also executive vice president, New York
Life Investment Management, decided to apply this approach
with his colleagues in a corporate environment. On October 18,
he hosted a luncheon for his fellow executives at the New York
Life Insurance Company home office in New York City.
In attendance were: Michael Gallo ’76, senior vice president and
chief of staff; Andrew Hajducek ’75, first vice president, corporate
information department; Robert Hynes ’75, vice president, agency;
Charles Lynch ’76, first vice president, corporate Internet; James
McNicholas ’70, director, guaranteed products; Mark Pfaff ’80,
senior vice president, Northeastern agencies; and Denise Spillane ’84,
director, MacKay Shields. Representing the College were Michael
McMorrow ’64, executive director, Sesquicentennial Capital
Campaign, and Stephen Laruccia ’67, director of major gifts.
As Boyle stated from the outset, the purpose of the luncheon
was to provide an update on Manhattan College’s Sesquicentennial
Capital Campaign and to discuss a special project of the Financial
Services Advisory Council (FSAC) — an endowed chair in the
school of business.
“The FSAC’s goal to raise funds for an endowed chair in business
is something I feel strongly about, and I wanted my colleagues to
hear about it firsthand,” Boyle said.
During the luncheon, the group received a recap of capital campaign
progress. McMorrow announced that gifts and pledges now total
in excess of $103 million (at press time, the total was $120 million)
toward the objective of $150 million. He went on to speak about
the FSAC and its work in securing funding for an endowed chair
for the school of business, which so far has raised $1.3 million
toward the needed $1.5 million. He asked the alumni guests to
consider supporting this vital project.
New York Life Insurance luncheon attendees, from left to right: Mark Pfaff ’80,
Andrew Hajducek ’75, Robert Hynes ’75, Charles Lynch ’76, Michael Gallo ’76,
Denise Spillane ’84, James McNicholas ’70 and Patrick Boyle ’75.
Laruccia spoke about the campaign’s focus on endowment:
half of the overall objective, $75 million, has been earmarked for
endowed chairs and endowed student scholarships. Endowment
is the most fundamental need of all because it supports so many
aspects of the Manhattan College educational experience and
provides a steady stream of income to meet those needs.
McMorrow expressed a hope that this luncheon would serve as
a prototype encouraging more involvement on the part of senior
executives in gathering their colleagues in a corporate environment.
“Patrick has hit upon a very effective means of getting the word
out about our campaign,” McMorrow said.
At the Financial Services Advisory Council Board meeting in January, members
gathered to discuss the Sesquicentennial Capital Campaign challenge. Pictured
here, from left to right, are: (standing) William Marshall ’67, James Kosch ’77,
Peter Musumeci ’72, Kenneth Rathgeber ’70, Stephen Laruccia ’67, Michael
Passarella ’63 and Robert Cappiello ’58; (seated) Patrick Boyle ’75, Kathleen
Kearns ’79, William Dooley ’75, Michael McMorrow ’64 and Brother Robert Berger.
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