Rev. Brian J. Shanley, O.P. President | St. John's University website

St. John’s University has received a $32.5 million donation, announced as the largest single financial commitment in its 155-year history. The contribution has been made by William J. Janetschek, Chair of the Board of Trustees and a retired Partner and Chief Financial Officer at Kohlberg Kravis Roberts & Co. L.P. Janetschek's donation will fund the construction of a new basketball practice facility at the university's Queens, NY campus.

About $25 million is allocated for the construction of the facility, and $7.5 million will be directed towards student scholarships. University President Rev. Brian J. Shanley acknowledged the gift, stating, "The generous contributions made by loyal alumni and by Board Chair Bill Janetschek exceed any monetary measure. Bill’s transformative gift will significantly enhance St. John’s basketball programs and provide student-athletes with unparalleled opportunities to excel both on and off the court."

Mr. Janetschek has expressed enthusiasm for the project, remarking, "I believe in the power of sports to shape young minds and build strong communities. This facility will elevate St. John’s basketball program and inspire students to pursue and achieve their dreams with passion and dedication."

Rick Pitino, Head Coach of St. John’s Men’s Basketball, shared his appreciation, "We are incredibly grateful to Bill Janetschek for his visionary support. His donation will have a lasting impact on our program and our players. We look forward to seeing our students thrive in this exceptional new environment."

Women's Basketball Head Coach Joe Tartamella echoed these sentiments, "The new basketball practice facility will be a game-changer for the women’s basketball program." Construction is to begin in the coming months and is expected to be completed in 2027. The university has extended an invitation to stakeholders to join in this celebration.

The donation supports the HEARTS ON FIRE campaign, a $400-million initiative aimed at enhancing St. John’s through investments in its students, faculty, and facilities. Mr. Janetschek also has a history of supporting Catholic education and various scholarship programs. One of the Queens campus residence halls was renamed Janetschek Hall in 2024, honoring his brother.

Naming opportunities for the new facility are available, offering donors the chance to support St. John’s basketball and leave a legacy.