Besides these responsibilities, Gavitt was CEO of the Boston Celtics from 1990 to 1994, President of the NCAA Foundation from 1995 to 1997, and Chairman of the Board of the Naismith Memorial Basketball Hall of Fame until 2003. He is a member of the Providence College Athletic Hall of Fame (1984), National Association of Collegiate Directors of Athletics Hall of Fame (2000), and the International Scholar-Athlete Hall of Fame (2000). Gavitt was inducted into the Basketball Hall of Fame on September 8, 2006. He became the third former member of the Friar athletic program (after John Thompson and Lenny Wilkens), and the first native of Rhode Island to be enshrined. The Providence Friars' court at the Dunkin' Donuts Center is named after Gavitt.