News Release: October 4, 2002

The much-discussed parcel of land near routes 114 and 101 in Bedford, N.H., has a new owner. The Flatley Company, of Braintree, Mass., announced today that it has donated the 38-acre property to Saint Anselm College, whose campus sits approximately two miles away from the site.

"My personal and heartfelt thanks goes to Thomas Flatley (president and CEO) - an exceptional businessman and philanthropist -- for making this unprecedented gift possible," said Fr. Jonathan DeFelice, O.S.B., president of Saint Anselm College.

Independent appraisals value the property at about $11 million, making it by far the largest gift in Saint Anselm's history.

"I am thoroughly impressed by the progress and direction of Saint Anselm College," said Dan Flatley, project director and son of Thomas Flatley. "I admire the vision that Fr. Jonathan has for what the College can become in the world of Catholic education. I hope this gift will help make his vision a reality."

Fr. Jonathan believes the gift is further evidence that the Catholic liberal arts college is securing its place among the best in the nation. "A commitment from a leading Catholic philanthropist speaks volumes about his confidence in Saint Anselm College. It speaks to Mr. Flatley's faith in our values, our educational mission, and of course, the talented people who make it happen: faculty, students, staff, and our Benedictine community."

James Flanagan, vice president for college advancement, added that the commitment is a significant boost to the College's $50-million campaign. "I am humbled by the generosity of Mr. Flatley and have seen him make a meaningful difference on many levels. I am pleased to know he believes so firmly in a Saint Anselm College education," said Flanagan. "This type of leadership gift makes an immediate impact on the College and gives us a solid base on which to plan for the future."

Although no immediate plan exists regarding potential use of the property, according to Fr. Jonathan, the College will consider its options over the next few years. "This property is a very valuable asset in our portfolio, one that could help significantly in the future development of Saint Anselm College," he said. "It gives us some flexibility as we consider our influence in Catholic education on every level."