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$50 Million Gift Jump Starts Villanova’s Campaign

(File photo)

(File photo)

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VILLANOVA, Pa. (AP) — Villanova University says a $50 million gift has jump started the public phase of its $600 million capital campaign.

The gift from alumnus James Davis, a 1981 graduate, and his wife, Kim, is made through the Davis Family Foundation.

The gift is designated for the Villanova School of Business.

The capital campaign has already raised $300 million as it shifts to its public phase.

The goal is to raise $250 million for endowments, $125 million to improve academic programs, $150 million for facilities, and $75 million for the school’s annual fund.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)