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Peter M. Fahey, former partner at Goldman Sachs and Trustee of Dartmouth College, died on Saturday evening at his home in Hanover, NH. He had been battling the late stages of pulmonary fibrosis since the summer. He was 75.
The oldest of six, Mr. Fahey was born and raised in Winchester, Massachusetts before attending Dartmouth College, where he earned an AB in chemistry in 1968. From there, he went on to the Thayer School of Engineering and received a BE and ME.
Amidst working toward his degrees, Mr. Fahey met his wife, Helen, then a nursing student at Skidmore College, while in Nassau during their spring breaks in 1967. After keeping in touch through letters, phone calls, and visits between their schools, they made it to the altar and were wed in August of 1968. They were married for 54 years.
Mr. Fahey started his career as a chemical engineer in 1970 before going to Harvard Business School, where he graduated in 1975 as a Baker Scholar, putting him in the top 5% of his class. He then started his career on Wall Street at Goldman Sachs in Corporate Finance. He was named a General Partner in 1983 and retired in 1993.
Taking up much of Mr. Fahey's newfound free time was philanthropy. Over three decades, he supported multiple facilities projects, endowed both undergraduate and graduate scholarships, and created an endowment for the athletics department at Dartmouth.
Mr. Fahey served on the Dartmouth Board of Trustees from 1994 to 2004. In 2003, he received Thayer School's Robert Fletcher Award for his significant service to the School. In 2007, he received the Dartmouth Alumni Award, which is given to "alumni who have demonstrated extraordinary service to Dartmouth and civic organizations in addition to career accomplishment." Most recently, in 2018, Dartmouth awarded him an honorary degree of Doctor of Humane Letters.
Serving on Goldman Sachs' philanthropic boards, he was part of "10,000 Women" and "10,000 Small Businesses" initiatives, empowering women entrepreneurs and small business owners all over the globe.
While his successes and accolades were many, Mr. Fahey's biggest triumphs came in his personal life. He attended every one of his kids' sporting events, took up the piano, kept a log of every book he read, and chased the snow during ski season with friends and family. Mr. Fahey was large in stature, standing at 6-foot-5, but his love for life and family was immeasurable.
On his college application, when asked to write twenty-five philosophical words to humanity, he responded, "You have but one life on this earth: do not waste it. Utilize every minute of your life to improve yourself and help your neighbor." And that is exactly how he lived.
Mr. Fahey is survived by his wife, Helen, his four children, Kimberly, Peter, Michael, and Katie, and ten grandchildren.
The family asks that in lieu of flowers donations be made to St. Jude Children's Research Hospital, an organization dear to Mr. Fahey, in his memory. A celebration of his life will be held on Saturday, January 7th from 1-4pm at the Hanover Inn.
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