St. Francis College Receives

$1 Million Gift

St. Francis College was the recipient of a major pre-holiday treat from alumnus John, ’51, and Mary McCarthy. The McCarthys pledged $1 million to the college to help St. Francis continue its educational mission.

“A gift like this might not look that big compared to other larger institutions, but for our small college of just 2,300 students, this is a huge show of economic support and devotion to the college,” said President Frank Macchiarola, ’62.

The McCarthys have been generous supporters of St. Francis College for more than 20 years. They have endowed 12 full scholarships for students, the first of which was awarded in 1987.

 “With someone like Frank Macchiarola at the helm, I know that our money will be used where it can have the most impact on the students,” said Mr. McCarthy. “Right now we are humbled knowing that our name sits on scholarships that allow 12 students a year to get a sound education they otherwise may not have been able to afford. We know Frank will take this new gift and use it in a way to help all students and the campus as a whole.”

 Beginning in 2008, St. Francis College will celebrate its 150th Anniversary. Among the special events and milestones to be recognized are the Charter Award Dinner on April 8, as the college honors President Macchiarola and in May, the college’s first graduate students will receive their master’s degrees in accounting as part of the new five-year combined Bachelor’s/Master’s Program.