Renowned investor Peter Lynch will be speaking at HBS about a topic to which he is very dedicated but is seldom asked to discuss-his focus on philanthropy. For the past 17 years he has served on multiple charitable boards and as Chairman of the Inner-City Scholarship Fund for which he has raised over $65M to fund partial scholarships for inner-city Boston youth.
Anyone at HBS that has heard of Peter Lynch knows that he is considered one of the most successful money managers in Wall Street history, but few know about his dedication to improving the lives of others through philanthropy. Aside from serving on multiple charity boards, he devotes nearly one-half of his work week to improving educational opportunities for disadvantaged youth in Boston.
In addition to his success running the Magellan Fund, which became the best performing fund in the world from 1977-1990 under his management, Lynch is the best-selling author of “One Up on Wall Street” and “Beating the Street.” Lynch currently serves as a Vice Chairman of Fidelity Management and Research Company and since 1990, he has served as the Chairman of the Inner-City Scholarship Fund. This fund provides partial scholarships for disadvantaged and deserving inner-city students of all faiths and nationalities across Boston. Through the fund’s assistance, students are able to enroll in better parochial schools that they otherwise could not attend. To date, the fund has raised over $65 million worth of partial scholarships benefiting more than 50,000 students.
Furthermore, the scholarship fund seeks to improve the technological state of Boston’s inner-city parochial schools through the Computers and Networks Program in which volunteers and corporate sponsors spend significant time and resources to ensure that students have adequate access to computers.
On April 10th, HBS students will have a rare opportunity to hear from Lynch on his philosophy of giving back. He believes in directly relating his investment style to his philanthropic work and will be sharing insights on why and how he chooses the charities he invests in. Students will have ample time to ask questions as this event hopes to produce a good dialogue on how to best allocate time and resources to specific causes. That doesn’t mean that the investors among us won’t get some tips from Lynch at this talk-he surely will not shy away from giving us a few key insights from his amazing track record.
The Catholic Student Association with the support of the Social Enterprise Club, the Investment Club and the Leadership and Ethics Forum are proud to be sponsoring the event.
Tuesday, April 10