Wilcox will lead work with fundraising, alumni relations, event planning, major gift cultivation, corporate and foundation relations, and more.
The donation comes from an anonymous family with multiple Penn State alumni.
Final approvals rest with the regional accreditor, the Middle States Commission on Higher Education, and the national accreditor, the U.S. Department of Education.
Eight students penned a letter requesting an increase in Pell Grants.
Early donations can be dropped off at Police Headquarters and the Athletics Admin Building through November 29.
Matthew Parkinson, who teaches in the College of Engineering, faces one count of stalking and three counts of harassment.