John Scarpa does not have a crimson go well with or a beard.
However to Villanova College, he is a real-life Santa Claus.
A $15 million reward from the Palm Seaside resident’s eponymous basis is earmarked for new entrepreneurship and scholarship initiatives on the college’s Charles Widger College of Regulation.
The Rev. Peter M. Donohue, Villanova’s president, mentioned the donation brings Scarpa’s lifetime giving complete to greater than $20 million and described it as “transformational.”
“The entrepreneurial spirit has pushed the financial success of our nation, and Villanovans are recognized for his or her enterprising aptitude,” mentioned Rev. Donohue.
“This transformational reward will encourage the subsequent technology of Villanova entrepreneurs by increasing their alternatives within the regulation faculty and throughout the whole college,” he mentioned.
In honor of Scarpa’s generosity, the regulation faculty constructing shall be named The John F. Scarpa Corridor.
“I can not consider a extra becoming solution to honor John than to call the regulation faculty constructing in honor of his steadfast dedication,” Donohue mentioned.
This $15 million reward, the most important made thus far by the muse, is along with a earlier $5 million reward from Scarpa and his spouse Jana.
That 2015 reward established the John F. Scarpa Middle for Regulation and Entrepreneurship within the College of Regulation, which serves as a hub for educational and sensible discussions about entrepreneurship and regulation.
The brand new funding will increase the middle’s attain past the regulation faculty to supply its entrepreneurship-centered lecturers and programming to the whole college. It’ll assist the creation of the John F. Scarpa Endowed Professor in Entrepreneurship; an incubator fund to launch an annual enterprise competitors for college kids to compete for seed funding; a program by which Villanova regulation college students present counsel to different college students growing new endeavors; strategic assist for regulation faculty operations and programming; and scholarships.
“Greater than ever, we’d like progressive leaders to deal with difficult points with daring options,” mentioned Scarpa, founder and former co-chairman of American Mobile Community Company and co-founder of UNITEL Wi-fi Communications Techniques.
“As a long-time supporter of Villanova and its mission, this new funding will foster an entrepreneurial mindset throughout campus. I imagine in Villanova College and in its regulation faculty and know that we will encourage tomorrow’s leaders who will change the world for the higher. If the regulation faculty is ‘the place regulation meets enterprise,’ then the Scarpa Middle is ‘the place regulation meets innovation’.”
A proper dedication for Scarpa Corridor is being deliberate for the spring.
“I’m so happy that the whole Villanova group will now have the chance to profit from the progressive excellence mirrored within the work of the Scarpa Middle,” mentioned Mark C. Alexander, dean and professor of regulation for the Charles Widger College of Regulation. “The middle’s give attention to innovation continues to open doorways for entrepreneurs as they develop into higher ready to navigate the varied array of challenges confronted when launching, working and rising new ventures. I’m thrilled that the signal by our door will replicate Mr. Scarpa’s generosity and perception in Villanova.”