Former U.S. Congressman Frank J. Guarini today announced a $10 million gift to the St. Peter’s University’s School of Business, which will serve “to transform and expand the school” and will “significantly bolster business programs and establish new initiatives.”
By Corey McDonald/Hudson County View
The “historic” gift will include the schools renaming to the Frank J. Guarini School of Business, and facilitate physical and technological enhancements to the current School of Business including the construction of a state-of-the-art lab, innovation hubs, collaborative work spaces and a new entrance.
“I am pleased to be able to be part of the gift of education for the business school. Your university is very distinguished and one I am very proud of,” he said Wednesday during a press conference at the school.
“My life’s commitment is about supporting education, which is essential to the future of our nation … Our future and our world tomorrow depends on continued and steady growth, that is the essence of what we are all about.”
Guarini, 95, was born in Jersey City and grew up across the street from the school’s MacMahon Student Center. He graduated from Lincoln High School and later attended undergraduate at Dartmouth University.
He served two terms in the U.S. Senate and seven terms in the U.S. House of Representatives. He was later nominated and appointed as the United States Representative to United Nations General Assembly.
“You can see the powerful impact that Congressman Guarini’s philanthropy has already had on St. Peter’s … He has always treated us like his own alma mater,” said St. Peter’s President Dr. Eugene J. Cornacchia, Ph.D.
“What we announce today takes his love for Saint Peter’s… to extraordinary new heights.”
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