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Scholarship Gala Raises Over $1.5 Million

Iona College Gala fundraiser.
Iona College Gala fundraiser. Photo Credit: Submitted

NEW ROCHELLE, N.Y. -- 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 lifelong learning.

Over 700 guests attended, including scores of students and scholarship recipients, to celebrate the lifetime accomplishments of,

  • The McCabe Family: Catherine H. McCabe ’71MA and Hugh J. McCabe ’49 and Joseph J. DePaolo ’81, recipients of the College’s Legacy Award.
  • Patrick Quinn ’06, recipient of the Blessed Edmund Rice Humanitarian Award for his lifetime achievements and commitment to raising funds and awareness for ALS research.

Master of Ceremonies Charles W. Schoenherr '82, managing director of Waypoint Residential, announced that 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.

In accepting the awards, the McCabe Family, DePaolo and Quinn join noteworthy 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 terrorist attacks on the World Trade Center.

The McCabe Family of alumni include parents Catherine (Cay) and Hugh McCabe, all seven of their children, their granddaughter and son-in-law. All have been involved with the college in some way.

DePaolo has been president and chief executive officer and a director of Signature Bank since its inception.

Quinn is an ALS advocate and co-founder of the Ice Bucket Challenge. In March 2013, a month after his 30th birthday, he was diagnosed with ALS.

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