Villanova University is embarking on the largest capital campaign in its history as it embraces multiple projects that include acquisition of the Cabrini University campus, construction of a new library, and an expansion of its engineering building, writes Ryan Mulligan for Philadelphia Business Journal.
Part of the campaign funds will cover $300 million in scholarships.
Villanova has already raised $640 million in its $1.25 billion comprehensive capital campaign during its quiet phase of “Espiritus Nova: The Campaign for Villanova University.”
Leading the fundraising initiative are three previous chairs of the school’s board of trustees: BNY Wealth Global head Catherine Keating, Millennium Management co-chief investment officer Justin Gmelich and CrossAmerican Partners Chairman Joseph Topper.
As the new owners of the Cabrini University campus, Villanova is investing $25 million after paying $11.5 million for its acquisition. The revamped 112-acre campus will open in the fall of 2026.
Villanova is also building a 150,000-square-foot library and recently completed a 150,000 square-foot addition to the engineering building. Both projects cost about $275 million.
“With this campaign, we will significantly enhance all aspects of the Villanova experience, especially the educational opportunities for future generations of Villanovans,” President Rev. Peter Donohue said in a statement.
Read more about Villanova’s expansive capital campaign in the Philadelphia Business Journal.
