Malvern Prep Receives Multimillion-Dollar Donation, the Largest in Its 180-Year History
Malvern Prep has received a $6 million donation, the largest in its 180-year history, from Victor Maggitti, a King of Prussia businessman and former chair of the school’s board of trustees, writes Ryan Mulligan for the Philadelphia Business Journal.
Maggitti, the founder of Vimco Inc., has children and grandchildren who attended the independent Catholic school, where he is trustee emeritus.
Twenty years ago, the Maggitti family donated the St. Augustine Sculpture that sits at the entrance to campus. Maggitti also made a $20 million donation last month to Villanova University, where he graduated in 1956.
Malvern Prep will use the funds to build the Vic Maggitti Pavilion, a hub for college counseling, learning support, and administration. Construction is slated to begin in 2023.
“It will provide Malvern Prep with a true center of campus as it relates to student services, which is an incredible gift to the well-being of students,” said Patrick Sillup, Malvern Prep’s 15th Head of School.
Read more about the donation in the Philadelphia Business Journal.
Connect With Your Community
Subscribe to stay informed!
"*" indicates required fields