Peter Lynch’s legendary management of Fidelity’s Magellan Fund saw the equity fund grow from assets of $20 million in 1977 to more than $14 billion by 1990. Lynch has shared his investing wisdom in the popular books, One Up on Wall Street, Beating the Street, and Learn to Earn. Since retiring from active fund management, Mr. Lynch has devoted his energies to philanthropy, particularly supporting causes related to education, the Catholic Church, healthcare and cultural organizations. He and his wife Carolyn Lynch established the Lynch Foundation, which has awarded more than $125 million to countless organizations from Teach for America to the Boys & Girls Clubs of Boston.

Peter Lynch

Peter Lynch can trace his interest in the stock market to a golf club in Newton, Massachusetts, where, starting at age 11, he worked as a caddy. While on the golf course, he would listen to the business executives talk about the stock market. He would follow the stocks they mentioned and saw they often rose in value. He made his first investment while a student at Boston College. He served in the Army for two years. After earning an MBA from the Wharton School of the University of Pennsylvania, Mr. Lynch joined Fidelity as an analyst. He took over the management of the Magellan Fund, a small aggressive capital appreciation fund, in 1977 when its assets were $20 million.

Under Mr. Lynch’s management, Magellan averaged an annual return of 29% and was the best-performing mutual fund in the world. When he retired as fund manager, the Magellan Fund was worth $14 billion.

He has shared his advice about investing through his best-selling books, One Up on Wall Street and Beating The Street, which have been translated into several languages. Mr. Lynch’s third book, Learn to Earn, is a beginner’s guide to the basics of investing and business.

Having lost his own father when he was just 10 years old, Mr. Lynch knew he did not want to miss out on any more time with his own family. So in 1990, at age 46, he stepped away from his grinding work schedule to spend more time with his wife Carolyn and their daughters.

While Mr. Lynch holds the position of vice chairman of Fidelity Management & Research Co., he has devoted much of his time to philanthropy, giving generously to causes special to him, including Boston College.

He and Mrs. Lynch established the Lynch Foundation, which provides assistance to programs primarily in Massachusetts with an emphasis on education; culture and historic preservation; healthcare and medical research; and religious and educational efforts of the Roman Catholic Church. The Lynch Foundation views its gifts as investments, choosing to support charities with both innovative ideas and strong leadership.

Among the many organizations that have received Lynch Foundation support are: City Year, Inc.; Cristo Rey High School Boston; First Night, Inc.; Friends of the Public Garden; Greater Boston Food Bank; Partners in Health; Museum of Science Boston, and the Isabella Stewart Gardner Museum, among others.

For 20 years, Mr. Lynch served as president of the Catholic Schools Foundation in Boston and under his leadership it raised $100 million and awarded scholarships to more than 60,000 students through its Inner-City Scholarship Fund. In 1999, the Boston College School of Education was dedicated the Carolyn A. and Peter S. Lynch School of Education in honor of the Lynches’ $10-million gift to the University. In 2010, an additional gift from Mr. and Mrs. Lynch established the Lynch Leadership Academy, a training program for early- to mid-career principals from Boston-area public, Catholic and charter schools.

Mr. Lynch has been inducted into the Greater Boston Chamber of Commerce’s Academy of Distinguished Bostonians and named a fellow of the American Academy of Arts and Sciences. The Wharton School named him Outstanding Alumnus in 1994 and presented him with the 2011 Joseph Wharton Award for Lifetime Achievement. He also has been honored with the 2004 Ad Majorem Dei Gloriam Award from the New England Province of the Society of Jesus and the 1992 St. Elizabeth Ann Seton Award from the National Catholic Educational Association, among many other honors. He is the recipient of an Honorary Doctor of Laws degree from Boston College.

Additional Alumni Profiles
Robert J. Morrissey
Lisa Bell Wilson
Aimee Bell
Major General Marcia Anderson
Maria Dzida
Sister Mary Scullion, R.S.M.
Judge Jimmie Edwards
Robert G. Lahita, M.D., Ph.D.
John Beilein
Janet Napolitano
John Douglas Thompson

Quote of the week

“As a product of Catholic schools, continuing my education at a Jesuit institution was a logical part of my journey. The emphasis on using your talents and skills to improve the lives and conditions of others, rather than focusing on personal enrichment, resonated deeply with me. I truly believe that living my life in service of others - both personally and professionally - has allowed me to thrive in unimaginable ways.”
Major General Marcia Anderson, Creighton University '79

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Federal Relations

AJCU Federal Relations Network is the lobbying arm of the Association of Jesuit Colleges and Universities and comprised of at least one representative from each one of the twenty-eight Jesuit Colleges and Universities. The Network is kept up to date on an on-going basis by the Vice President for Federal Relations on all issues relating to Appropriations, budget, higher education authorization issues and taxes. The Network meets annually in September for a Legislative Conference and also participates in the Annual Committee for Education Funding Legislative Conference and Awards Dinner.
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AJCU Conferences

The 35+ Conferences sponsored by the Association of Jesuit Colleges and Universities (AJCU) are affinity groups within the AJCU Network. The Conferences provide a forum for the exchange of ideas, information and best practices; support the professional development of their members; and present opportunities for AJCU representatives to discuss opportunities and challenges in Jesuit higher education. Most of the AJCU Conference groups meet in person at least once a year, and many of them communicate regularly through an AJCU listserv.
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International Outreach

The member institutions of the Association of Jesuit Colleges and Universities (AJCU) are committed to developing programs and partnerships that advance international education and support initiatives that advance global citizenship.
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