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Loyola Receives $6 Million Gift

Loyola Receives $6 Million Gift

August 7, 2017

Dear Members of the Loyola Community,

We are pleased to announce Loyola University Chicago has received a $6 million gift to support scholarships for students and graduates of Arrupe College. The gift will provide scholarship support to students enrolled at Arrupe College as well as those who have graduated and transferred to another college or school within Loyola to earn their bachelor's degree.

Read the Chicago Tribune story highlighting the gift and Arrupe College's upcoming Commencement.

The scholarship support is a gift from Loyola alumnus John G. Schreiber and his wife, Kathy Schreiber, who intend for the funds to assist students who are ineligible for federal and state aid as a result of their immigration status. The gift will be split between current-use scholarships and long-term support.

John and Kathy have a history of significant philanthropic support for Loyola. In 2008, they established a $500,000 scholarship endowment at Loyola for students from Lake County, which has supported nearly 30 students to date. In 2014, they made a $10 million gift to Loyola's Quinlan School of Business. In recognition of that gift, the 10-story home of the business school was named the John and Kathy Schreiber Center. Mr. Schreiber graduated from Loyola's Undergraduate School of Business Administration in 1968. After graduating from Harvard Business School in 1970, Mr. Schreiber went on to a 20-year career in real estate investment management as a partner in Chicago-based JMB Realty Corporation. He retired from JMB in 1990 and in 1992 founded the New York-based Blackstone Group's real estate investment management business. He retired from Blackstone in 2015.

We are extraordinarily grateful to John and Kathy for their generous gift of support for our Arrupe College students. Their unwavering commitment to promising young women and men, most significantly through their sponsoring gift to the Schreiber Center at Loyola, has had a transformative impact on our students. This new philanthropic support for students in Arrupe College will enable talented students, many of whom are the first in their families to pursue a higher education degree, to reach their fullest potential and become persons for others. We are honored to partner with John and Kathy to ensure that a diversity of students have access to and benefit from Loyola's Jesuit, Catholic education.

Please join us in thanking John and Kathy Schreiber for their extraordinary support. We hope you will also take some time to read the Chicago Tribune article that appeared in the print edition today related to the gift and Arrupe College's upcoming Commencement on August 12.

Jo Ann Rooney, JD, LLM, EdD
President

Damon Cates, EdD 
Senior Vice President for Advancement