Cafaros donate $1.75M to YSU, two buildings renamed to honor the family

YOUNGSTOWN - Two buildings on the Youngstown State University campus will bear the Cafaro family names in recognition of the family's $1.75 million donation to the University.
YSU has re-named the Lincoln Building on campus the J.J. and Janet Cafaro Hall. The university has also renamed the adjacent Phelps Building at the corner of Lincoln and Phelps Avenue the Ronald G. Silvestri Hall.
Silvestri, Janet Cafaro’s brother, attended YSU’s Williamson College of Business Administration and was a local businessman before passing away in 2013.
The new names acknowledge the donation from John J. and Janet Cafaro and their daughters, Capri Silvestri Cafaro and Renee Lynne Cafaro
Cafaro is the founder and president of the J.J. Cafaro Investment Trust, and the retired Executive Vice President of Cafaro Co., one of the leading shopping center developers in the country. Mrs. Cafaro is the president of Silcor Oilfield Services and of Parkway Holdings, which owns commercial real estate.
Capri Cafaro is a former State Senator and Renee Cafaro is an active member of Community Board 5 in New York City.

While they maintain a home in Ohio, the Cafaros also have residences in Palm Beach, Fla., and New York City.
Mrs. Cafaro is a former board member of the Youngstown Symphony and the Butler Institute of American Art. They also support and frequent the Kravis Center for the Performing Arts and The Flagler Museum in Palm Beach. Additionally, they are supporters of preservation through such organizations as The American Friends of Versailles, The Blenheim Foundation, and the Palm Beach Preservation Foundation. They were among the key donors for the Palm Beach Town Square Renovation Project, which restored the fountain and town square.
Mr. and Mrs. Cafaro are supporters of medical research and care, donating to such organizations as The Cleveland Clinic, St. Jude’s Children’s Hospital, and the New York Chapter of the Arthritis Foundation.