Impressive Boesel Musical Arts Center Named After Generous Couple

July 1, 2011

The renovated new space and the new construction that connects it to the existing Conservatory of Music at Baldwin Wallace University has been named the Stephen and Jacquelyn Boesel Musical Arts Center by the BW Board of Trustees.

The Boesel Musical Arts Center is part of a $15 million enhancement to the Conservatory that will more than double its size with additional areas for instruction, practice and performance. 

The board action recognizes the many contributions to the College over the past four decades by BW trustee Stephen Boesel '68, and his wife, Jacquelyn, of Sarasota, Fla.

"The steadfast support and enduring commitment of this generous couple has benefited thousands of Baldwin Wallace students over the years," said President Dick Durst.

"Steve and Jackie have quietly, yet impressively provided major philanthropic leadership support to help meet vital capital and operating needs at BW," he added. "Most recently, they provided major gifts for the Conservatory of Music as part of Transforming Lives: The Campaign for Baldwin Wallace University."

From a promising student to an exemplary

Interested in pursuing a career in business, Boesel came to BW from Niles, Ohio. While here, he learned the fundamentals of investing from BW professor Jacob O. Kamm, a BW alumnus who mentored hundreds of students over the years. He also studied under long-time faculty members Kenneth Whelan and Al Gray, who taught him the importance of ethical standards and effective investing.

He took those insights to his career. During a 33-year span with T. Rowe Price Group, he was directly responsible for the growth and success of two of their most prominent funds - the Growth and Income Fund and the Capital Appreciation Fund.

In addition, Boesel was a significant contributor to the firm's emergence as one of the most respected and fastest growing in the country. Over the years, he expanded his scope to serve as trustee and treasurer of the T. Rowe Price Associates Foundation, which distributes more than $3 million annually.

Since 1997, Boesel has been an active member of the Baldwin Wallace University Board of Trustees. He earned the respect of fellow Trustees for the wise counsel, insights and expertise he brought to his roles on the executive and financial development committees as well as chair of the investment committee.

In addition, he served as class representative and national chair for the BW Annual Fund as well as a speaker for alumni programs. As a couple, they hosted regional alumni functions.

Generous couple focused on community, education

Over the years, the Boesels have been generous supporters of the arts as well as education. In their long-time home of Baltimore, he served as a former trustee and treasurer of Bryn Mawr School and helped raise endowment funds for St. Paul's School for Girls. In addition, the Boesels have been longtime benefactors of the Baltimore Symphony Orchestra.

"Steve and Jackie exemplify the attributes we strive to instill and nurture in our students," acknowledged Durst. "Intellectual curiosity, leadership, personal and professional excellence, and commitment to helping others- these traits are reflected in our College mission and in the words and actions of this exemplary couple.

"We are proud to name the new, expanded addition to the Conservatory the Boesel Musical Arts Center. As generations of BW students pass through the halls of this remarkable building, we know they will benefit from their generosity."