Celebrating Entrepreneurial Excellence: Dave Porter to Receive the 2025 Elon University Medal for Entrepreneurial Leadership

In a significant recognition of his contributions to the financial planning industry and his philanthropic endeavors, Dave Porter P’11 P’19, owner and managing partner of Baystate Financial, will be honored with the 2025 Elon University Medal for Entrepreneurial Leadership. This prestigious award highlights Porter’s commitment to the philosophy of “doing well by doing good,” a principle that has guided his professional and personal life.

A Legacy of Leadership

Dave Porter’s journey in the financial services sector began in 1983 in Philadelphia, where he first entered the insurance industry. His career took him to Washington, D.C., in 1992, where he operated his first agency. In 1996, he made a pivotal move to Boston, becoming the managing partner of Baystate Financial. Under his leadership, the firm has expanded from a single office to 16 major locations across New England, now boasting over 300 financial professionals.

Porter’s innovative approach and strategic vision have not only propelled Baystate Financial to new heights but have also earned the firm accolades as one of Boston’s top workplaces, as recognized by both The Boston Globe and the Boston Business Journal. His leadership has been acknowledged through various awards, including being named one of the “Most Admired CEOs” by the Boston Business Journal in 2011.

A Voice in the Industry

As a respected figure in the financial planning community, Porter has shared his insights on building successful financial services organizations through international speaking engagements. His expertise extends beyond practice; in 2013, he authored Where Winners Live, a book that emphasizes accountability within the financial services industry, which has sold over 45,000 copies.

Philanthropy at Heart

Porter’s commitment to social responsibility is evident in his philanthropic efforts. In 1999, he founded the Baystate Financial Charitable Foundation, focusing on supporting children’s charities within local communities. One of his notable initiatives is the annual holiday toy drive, which has provided thousands of gifts to foster children through the Department of Children and Families.

In 2004, he co-founded Friends of the Children–Boston, a nonprofit organization dedicated to mentoring at-risk youth in the city. His philanthropic philosophy aligns seamlessly with his business ethos, demonstrating that success can be measured not just in profits but in positive community impact.

Commitment to Education

Porter’s dedication to education is further exemplified by his establishment of the Porter Family Professional Development Center at Elon University in 2011. This center provides essential resources for students, aiding them in securing internships, full-time employment, or graduate school placements after graduation. His involvement with Elon University extends beyond this initiative; he has served as chair of the Board of Trustees since 2011, contributing to the university’s strategic direction and growth.

The Elon University Medal for Entrepreneurial Leadership

The Elon University Medal for Entrepreneurial Leadership is co-presented by the Love School of Business and the Doherty Center for Creativity, Innovation and Entrepreneurship. Since its inception in 2009, the award has honored entrepreneurs who exemplify the values of Elon University, including integrity, innovation, and a commitment to community building. Porter’s recognition as the 2025 recipient underscores his alignment with these values and his impactful contributions to both the business world and society.

A Celebration of Achievement

The award ceremony will take place on April 23, 2025, at 4:30 p.m. in the LaRose Digital Theatre, located within the Ernest A. Koury Sr. Business Center at Elon University. The event is open to the campus community, providing an opportunity for students, faculty, and alumni to celebrate Porter’s achievements and contributions.

Conclusion

Dave Porter’s journey from a budding insurance agent to a leading figure in financial planning exemplifies the spirit of entrepreneurial leadership. His dedication to both business excellence and community service serves as an inspiration to many. As he prepares to receive the 2025 Elon University Medal for Entrepreneurial Leadership, Porter’s story reminds us that true success lies in the impact we make on the lives of others.