Saint Peter’s University has received a $10 million donation from the president and chief executive officer of Jersey City-based Panepinto Properties, the university announced Friday.
Joseph A. Panepinto, Esq. ’66, who is also a member of the Saint Peter’s University Board of Trustees, has given the largest gift in the school’s 146-year history.
The money will be used to dramatically advance the development of the West Campus and athletic facilities to make “our quality Jesuit education accessible and affordable for future generations of students,” SPU President Eugene J. Cornacchia said.
A loyal donor for more than 50 years, the Jersey City native contributed as part of the Students at the Center: The Campaign for Saint Peter’s University, which raised more than $64 million and built the Mac Mahon Student Center named for lead donor Thomas P. Mac Mahon ’68.
“I take great pride in the fact that Saint Peter’s is on an unstoppable course following a number of achievements such as the tangible outcomes of our last capital campaign, the progress underway and already accomplished from our strategic plan, Pathways to Distinction, and our rising reputation that has been reflected through growing national recognitions,” Cornacchia said in a statement. “We are incredibly grateful for Joe’s extraordinary gift, which is a bold endorsement of our vision for the future and will propel our continued ascent.”