Villanova University receives $10 million from alumnus

Villanova University receives $10 million from alumnus

Villanova University has announced a $10 million gift from alumnus Martin G. McGuinn ('64 CLAS, '67 JD) in support of faculty research and student-veterans.

The gift from the retired chair and CEO of Mellon Financial Corporation (now BNY Mellon) includes $7 million in seed funding and support for scholarly projects with the potential to positively impact society, targeted faculty grants, and an endowed fund for high-level research projects.

The remaining $3 million will support efforts to boost the number of student-veterans through an expansion of the Yellow Ribbon Program — which currently covers full tuition and fees for fifty-five undergraduate, graduate, and law school students — and expand programming offered through the university's Office of Veterans and Military Service Members. With the gift, McGuinn has given or committed a total of $15.7 million to the university. In recognition of his longtime support, a campus residence building known as The Commons will be renamed McGuinn Hall.

"The groundbreaking research and scholarship of Villanova's faculty has been a key factor in the university's continued national recognition," said Villanova University provost Patrick G. Maggitti. "These endowed funds will propel our research enterprise forward, creating even more opportunities for our teacher-scholars to innovate and create knowledge that positively impacts the world."