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Economics alumnus donates toward Schwab Hall renovation

July 23, 2014

Bill Adamucci, a 1966 economics graduate from Seattle, Wash., made the $250,000 capital gift in support of the Schwab Hall renovation project. 


Bill Adamucci 66

 Saint Francis University is pleased to announce the receipt of a $250,000 gift in support of The Capital Campaign: Called to Serve...Fulfilling the Promise.

Bill Adamucci, a 1966 economics graduate from Seattle, Wash., made the $250,000 capital gift in support of the Schwab Hall renovation project. Schwab Hall, originally constructed in the 1930s by steel magnet Charles M. Schwab, is slated to become the new home of the University’s School of Business.

Adamucci, an entrepreneur with a strong background in mergers, acquisitions and the fundraising arena, has raised more than $40 million dollars over the past five years for non-profit organizations such as the FareStart Restaurant/job training program for the homeless in Seattle. Adamucci's role at FareStart was featured in the latest issue of the Saint Francis University Magazine.

“I did well in my career and I feel it is important to give back to the community by sharing my time, talent and treasure,” Adamucci shares about his philanthropic interests. Past support for Saint Francis has included creating a scholarship endowment in memory of his parents and another one in memory of William Ryan ’66, a classmate who was killed in action in Vietnam.

Adamucci wanted to support this latest project so that he can help the next generation of business students at Saint Francis have the type of learning environment that they need to gain skills and compete in tough economy. In addition to his financial gift, Adamucci is assisting the University’s Advancement team in the fundraising effort for the project.

“I find the Schwab Hall project very near to my heart,” said University President Fr. Malachi Van Tassell, T.O.R., Ph.D., who served as a member of the School of Business faculty for 12 years prior to moving into the presidency in May. “This generous gift, along with the other funds coming into our Capital Campaign, allows us to create transformative student experiences by enhancing collaborative learning spaces on campus that are tailored to the needs of our varied fields of study.”

The goal of the University’s Capital Campaign is to raise funds for the construction/renovation of major campus academic facilities with an estimated total cost of $45 million. Two buildings have already been completed: the DiSepio Institute for Rural Health and Wellness in April 2009 and the 70,000 square foot Science Center (home to the School of Sciences), which opened in August 2013. The complete restoration and expansion of Sullivan Hall, which will house the School of Health Sciences, is also planned in the near future.

To learn more about the Schwab Hall renovation project, visit www.francis.edu/capital-campaign-for-business or contact the Office of Advancement at 814-472-3021.

Founded in 1847, Saint Francis University is the oldest Franciscan institution of higher learning in the country, and one the oldest Catholic colleges in the nation.