Iona College Receives $15 Million for Business School

Iona College Receives $15 Million for Business School

Iona College in New Rochelle, New York, has announced a gift of $15 million from alumnus Robert V. LaPenta.

The single largest gift in the Catholic school's 75-year history will support the redesign of Hagan Hall, including a new structure connected to the existing building, nearly tripling the space available for students and faculty. The renovated space also will house state-of-the-art classrooms, case study and meeting spaces, faculty offices, a lecture hall, a business career center, and an expanded trading floor classroom.

LaPenta, a member of the college's board of trustees, is founding partner, chairman, and CEO of Aston Capital, a private investment firm that specializes in military communication companies and companies with green technology. His previous gifts to Iona have supported construction of the LaPenta Student Union Building, the Ryan library, and the trading floor for the School of Business.

"I am proud to support Iona’s mission of creating graduates that are smart, ethical, creative problem solvers," said LaPenta. "My time at Iona prepared me well to be successful in business and positively impact businesses and the livelihoods of others. I believe this gift will enhance Iona’s strong business school performance and reputation well into the twenty-first century."

"Iona Receives Largest Single Gift in College’s History." Iona College Press Release 11/21/2015.