Moment
, Surges Ahead with Eye on Impact
focus on financial aid THANKS TO THE UNIVERSITY’S BEDROCK COMMITMENT TO FINANCIAL AID, students from every background can benefit from the distinctive BC experience. Boston College is one of only 21 private institutions in the country that admit students “need-blind,” evaluating their potential to succeed rather than their ability to afford tuition and, once accepted, pledge to meet each student’s full demonstrated financial need. Raising essential funds for financial aid—particularly the endowments that ensure it will always be there for deserving undergraduates—is a primary Light the World goal that epitomizes the University’s Jesuit, Catholic mission. Campaign donors have already had a significant effect on today’s students as well as those who will come after them. Each year of the campaign, the University has increased need-based undergraduate financial aid to reach the $97 million that is earmarked for the 2013–2014 academic year. In order to continue to meet the financial demands of its students, the University must achieve its goal of raising $300 million dedicated to financial aid by the campaign’s close. As long as talented young people are drawn to the rich educational environment of Boston College, the University remains dedicated to making it possible for them to become Eagles. Now more than ever, the donor community has a vital role to play in helping BC secure its mission. ▪
DANIELLE AND JOHN P. ESPOSITO ’88
WENDY ’87 AND MICHAEL P. ESPOSITO III
GREENWICH, CONN.
NEW YORK, N.Y.
ELLEN AND MICHAEL P. ESPOSITO, JR., P’88 LONGBOAT KEY, FLA.
The Family That Gives Together
F
or John Esposito ’88, attending Boston College’s Carroll School of Management was a dream come true. He had sought an undergraduate business program that also provided a broader liberal arts perspective. “I feel so fortunate to have received a truly great education that prepared me thoroughly for my career,” says Esposito, a managing director at Morgan Stanley and head of its North American Financial Institutions Group. “It’s wonderful to be able to give back now and provide those opportunities for others.” Recently, Esposito and his wife, Danielle, established the Esposito Family Scholarship together with his parents, Ellen and Michael Esposito, Jr., P’88, to provide financial aid to a
deserving student at the Carroll School. His father was happy to help. Now retired from his role as CFO at Chase Manhattan, Michael Esposito, Jr., is a founding member of BC’s Wall Street Council and a longtime University benefactor. “It’s a terrific school. I’ve always been impressed with the students I’ve met—I hired quite a few of them—and I can see the positive influence BC has had in my own family,” he says, adding, “The only time I root against BC is when they play my alma mater—Notre Dame!” The family ties to Boston College remain robust. John Esposito’s sister-in-law, Wendy (Wyrwa) Esposito ’87, is another proud Eagle whose own experience inspired her to extend a helping hand to others. “At BC, you get more than an education.
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You learn how to be a person who cares about others and tries to live well in the world,” she says. Accordingly, she and her husband, Michael Esposito III, created the Wendy and Michael Esposito Goldman Sachs Scholars Fund through the Goldman Sachs Gives program. The fund offers assistance to Lynch School of Education students who would otherwise be unable to afford the cost of an education at the University. With seven out of 10 Boston College students receiving some form of financial assistance, gifts like those made by the Esposito family are crucial to the University’s ability to maintain “need-blind” admission—an increasingly rare policy integral to the identity of Boston College, and a vital priority of Light the World. ▪