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Scholarship Gala Raises Over $1.5 Million

Photo of honorees and President & Mrs. Nyre: Courtney McCabe ’12, Mark C. McCabe ’79, Catherine R. McCabe ’85, Thomas J. McCabe ’73, Lawrence D. McCabe ’84, Patrick Quinn ’06, Hugh J. McCabe III, ’71, ’76MBA, David J. McCabe ’80, Jennifer Quinn ’07, ’10MS, Joseph J. DePaolo ’81, Kelli Nyre and President Joseph E. Nyre, Ph.D.From left: Courtney McCabe ’12, Mark C. McCabe ’79, Catherine R. McCabe ’85, Thomas J. McCabe ’73, Lawrence D. McCabe ’84, Patrick Quinn ’06, Hugh J. McCabe III, ’71, ’76MBA, David J. McCabe ’80, Jennifer Quinn ’07, ’10MS, Joseph J. DePaolo ’81, Kelli Nyre and President Joseph E. Nyre, Ph.D.  See more photos here.

New Rochelle, NY (April 22, 2016)  -- Over $1.5 million was raised to benefit student scholarships at the Iona College 2016 Trustee Scholarship Award Gala celebration on April 15 at the Waldorf Astoria in New York City. The event honored several outstanding alumni who personify the College’s mission of service, scholarship and life-long learning.

Over 700 guests attended, including scores of students and scholarship recipients, to celebrate the lifetime accomplishments of the Catherine H. McCabe ’71MA and Hugh J. McCabe ’49 Family and Joseph J. DePaolo ’81, recipients of the College’s Legacy Award, and Patrick Quinn ’06, who received the Blessed Edmund Rice Humanitarian Award for his lifetime achievements and commitment to raising funds and awareness for ALS (Amyotrophic Lateral Sclerosis) research.

“This evening we celebrate Iona’s long tradition and dedication to academic excellence and the values of justice, peace and service,” said James P. Hynes '69, '01H, chairman of the Iona College Board of Trustees. “Trustees have strategically selected the individuals that we are honoring tonight as they portray and live the mission of Iona College.”

“Tonight’s honorees are a testimony to Iona’s mission and the liberating power of an Iona education, said President Joseph E. Nyre, Ph.D. “While we cannot claim their successes, we continue to recognize them and share our pride and how they have chosen to live their lives.”

A surprise announcement was made by Master of Ceremonies, Charles W. Schoenherr '82, managing director of Waypoint Residential.  “It is my pleasure to announce that Mr. Scott Shay, chairman of the board of Signature Bank, has established the Joseph J. DePaolo Endowed Scholarship at Iona College. This scholarship is to be directed to student athletes who embody high achieving academics while leading with ethical values and a moral compass. Thank you, Mr. Shay, for your generosity and thank you, Joe, for inspiring a gift with immediate and long term impact.”

Iona flag at the Waldorf Astoria New York the day of 2016 Scholarship GalaThe Iona flag flew over the Waldorf Astoria New York the day and night of the gala. See more photos here.

 “My passion for education stems from my receiving a scholarship from Iona,” DePaolo said. “The years I spent there and friendships I forged impacted my experiences and shaped my life.”

 “Tonight is about giving back. I learned about giving back from some amazing mentors who have graciously and unselfishly given of themselves and they serve as an inspiration to me.”

“My family thanks you for this honor,” said David J. McCabe ’80, accepting the award on behalf of his family. “Both of my parents were scholarship students, so we thank you for your support of the dinner, whose sole purpose is to provide scholarships for deserving students, 150 of whom are here tonight.”

“In our family, two first generation college scholarships led to seven children all with college degrees and those seven have led to 15 college graduates. The impact is exponential. You are not only changing lives of our Iona students as is evidenced by our family, but you are changing the lives of generations to come. 

Quinn noted that he valued and benefited from the relationships he developed as an Iona student and alumnus. “Iona was probably the first school in the world to do the Ice Bucket Challenge. The school was ready to fight, just as they say they do ‘fight the good fight’ and ‘move the world.’ They are not just slogans -- they are a way you have to live if you really want to make a difference. You can’t just say them, you have to do them, and I think we are doing that in our fight against ALS.”
“The way Iona has rallied around my cause is really something special. I truly believe I am able to do that because of the Iona family support.”

In accepting the awards, the McCabe Family, Mr. DePaolo and Mr. Quinn join an impressive group of past honorees, including His Eminence Timothy Cardinal Dolan ’14H, Francis Cardinal Spellman, New York Governor Malcolm Wilson, U.S. Senator Edward Kennedy, New York City Police Commissioner Ray Kelly and the New York Police Department, and the 15 Iona alumni lost in the September 11, 2001 attacks on the World Trade Center.

About the Honorees:
The McCabe Family of alumni include parents Catherine (Cay) and Hugh McCabe, all seven of their children, their granddaughter and son-in-law. Catherine Henry McCabe was a wife, mother, professor, counselor, a longtime resident of New Rochelle and a 1947 graduate of the College of New Rochelle. Cay married Hugh McCabe in 1949 and later earned two master’s degrees, one in theology at Manhattan College and one in pastoral counseling at Iona College. Her career as a professor of Religious Studies at Iona would span more than 30 years and touch the lives of generations of Iona students.
The McCabes’ commitment and love of Iona did not stop with them. In addition to all of their children graduating from the College, their son David became an Iona Board Trustee. David J. McCabe ’80 is the senior partner in the Private Clients Group of Willkie Farr & Gallagher LLP in New York. Another son, Hugh J. McCabe ’71, ’75MBA, retired from Iona in 2015 after serving 15 years as a professor of Business Management. 

Joseph J. DePaolo has been president and chief executive officer and a director of Signature Bank since its inception. He has also served as a director of Signature Securities Group and board chairman until December 2006. Prior to joining Signature Bank, DePaolo was a managing director and member of the Senior Management Committee of the Consumer Financial Services Division at Republic National Bank. DePaolo has served as a member of the Board of Directors for the American Heart Association of Westchester and a trustee of Manhattanville College. A 2002 recipient of the Ellis Island Medal of Honor, DePaolo has received numerous awards on the local, state and national levels from the American Heart Association.

Patrick Quinn is an ALS advocate and co-founder of the Ice Bucket Challenge. In March 2013, a month after his 30th birthday, Quinn was diagnosed with ALS. Soon after, he became an advocate with a mission of spreading awareness and raising funds for ALS research through his “Quinn for the Win” foundation. In July 2014, one of the biggest movements in fundraising history began: the ALS Ice Bucket Challenge. Quinn was instrumental in facilitating Ice Bucket Challenges throughout the United States and around the world. The 2014 Challenge raised over $220,000,000 globally.
Quinn continues to advocate for ALS through a variety of speaking engagements. He has received many accolades for his work including the ALS Association Living Hero Award, ALS Therapy Development Institute Stephen Hayward Patients Today Award, Distinguished Service Award from the City of Yonkers and the Dylan Smith Award from the American Ireland Fund for community service.
Quinn has been inducted as a member of the Iona College Rugby Hall of Fame, the Iona Preparatory Hall of Fame, and the Irish America Magazine Hall of Fame in Ireland. He also was nominated for TIME Magazine 2014 Person of the Year.

About Iona College:
Founded in 1940, Iona College is a four-year private, coeducational institution of learning in the tradition of the Edmund Rice Christian Brothers and American Catholic higher education. It is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service. Iona offers undergraduate degrees in liberal arts, science, and business administration, as well as Master of Arts, Master of Science and Master of Business Administration degrees and numerous advanced certificate programs. Iona College is the second largest private sector employer in New Rochelle.