Alumni Gifts Continue to Pour into Villanova, as Businessman Donates Whopping $20 Million

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Image via Villanova University.

For the third time since February, Villanova University has received a multimillion-dollar gift, this time from graduate Victor Maggitti, to help with campus renovations and programs, writes Ryan Mulligan for the Philadelphia Business Journal.

Maggitti is the founder and president of Vimco, a construction supply company in King of Prussia.  

The $20 million will go toward a transformation of the Falvey Library.

“The library is the heart of the academic experience, and my gift is an investment in this important university priority,” Maggitti said. “Villanova shaped who I am today, and through this gift, I hope to help impact the lives of generations of Villanovans to come.”

The gift brings the total amount donated in the past month to $43.5 million.

Villanova also received $13.5 million in gifts from a group of executives led by former Sunoco CEO Jack G. Drosdick. A $10 million gift came from the H. Hovnanian Family Foundation that will also go toward major renovations at the library.

Maggitti graduated from Villanova in 1956. He founded Vimco in 1960.

His cousin, Patrick Maggitti, is Villanova’s first provost, chief academic officer, and former dean of the Villanova School of Business.

Read more about Villanova in the Philadelphia Business Journal.

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