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.”