A $100 Million Gift to Boost Enrollments of Underrepresented Students at Loyola University

Loyola University Chicago announced a $100 million gift – the largest individual gift in the university’s history – from John and Kathy Schreiber to fund full scholarships, room and board, and an array of comprehensive support services for aspiring Black, Latino, first-generation, and other ethnically and racially diverse students who are historically underrepresented in higher education.

John Schreiber founded the real estate division of the Blackstone Group, one of the world’s leading investment firms. He is a 1968 graduate of Loyola University and has been a member of the board of trustees since 2014.

Together, the university and the Schreibers aspire to create a new, $500 million restricted portion of the university’s endowment that would make these resources permanent – empowering students to attend and successfully graduate from Loyola for generations to come. The initiative will fund the education of hundreds of students a year when fully funded.

“I’ve long been inspired by the pursuit of excellence grounded in a Jesuit, Catholic mission that I’ve seen at Loyola,” said John Schreiber. “Kathy and I felt called to help level the playing field for students who face far higher barriers to opportunities and to give these students access to an education at Loyola that provides limitless possibilities for their futures.”

 

Related Articles

1 COMMENT

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Huston-Tilloston University to Establish Two Satellite Campus in California

Huston-Tilloston University, a historically Black educational institution in Austin, Texas, has announced plans to launch two new satellite campuses in California. The university has already received approval to begin offering online courses to California students in January.

Two Black Scholars Selected for Endowed Professorships at Ivy League Universities

The two Black scholars appointed to endowed faculty positions at Ivy League schools are Vaughn Booker at the University of Pennsylvania and Dorceta Taylor at Yale University.

Sanofi Grants $18 Million to Three Historically Black Medical Schools to Increase Diversity in Clinical Studies

Thanks to an $18 million investment from Sanofi, Meharry Medical College, Howard University, and Morehouse School of Medicine plan to expand their clinical research staff, pharmacy infrastructure, and training programs.

Kemeshia Swanson Receives 2024 Eudora Welty Book Prize

Dr. Swanson, an assistant professor at Mississippi State University, has been recognized for her new book, Maverick Feminist: To Be Female and Black in a Country Founded Upon Violence and Respectability.

Featured Jobs