Fidelity's Lynch Gives $20 Million to Boston College to Train Principals
Peter S. Lynch, the vice chairman of Fidelity Management & Research, and his wife, Carolyn, are donating $20 million to form a center at Boston College to mentor new principals in the Boston area.
The Lynch Leadership Academy, to be funded by the Lynch School of Education, will award 25 fellowships annually to principals from Boston’s 135 public schools, 16 charter schools and the 135 schools of the Archdiocese of Boston, Lynch said.
Principals will attend a leadership retreat, a two-week institute, monthly workshops and weekly sessions with advisers. The goal is to help create a network of colleagues for them to exchange ideas, Lynch said in an interview.
“There’s no handbook for these people on how to be a better principal,” Lynch said. “It’s a really tough job and often you’re isolated.”
The couple was inspired partly by Carolyn’s father, who was a principal, Carolyn Lynch said. Fellows will receive three graduate school credits and a certificate in school leadership.
Lynch is a 1965 graduate of Boston College. The Lynches gave $10 million to launch Boston College’s Lynch School in 1999.
Lynch, one of the nation’s best-known investors, managed Fidelity’s Magellan Fund from May 1977 to May 1990. Assets under management during that time grew to $14 billion from $22 million, according to Adam Banker, Fidelity spokesman.