Historic Gift to Loyola
Dear Loyola Community,
It is my pleasure to announce the largest gift in Loyola's history. John and Herta Cuneo and the Cuneo Foundation have given Loyola the Cuneo Museum and Gardens in Vernon Hills, Illinois. The $50 million gift includes the museum, 100 acres of grounds surrounding the estate, the works of art in the mansion, and an additional gift of cash.
Specifically, the gift will be used to support several strategic initiatives at Loyola, including:
- Scholarships for students
- Cuneo Hall, a new state-of-the-art academic building on the Lake Shore Campus
- Funds to support operations at the historic mansion and gardens
Loyola University Chicago will introduce academic programming there as early as next summer with plans calling for fine arts events, lecture series, sustainability offerings, and academic courses, among others, to broaden Loyola's reach to the greater Chicagoland community, especially those living in and around Lake County.
The Cuneo family's long-standing relationship with Loyola began in the 1950s when John Sr., a devout Catholic and a leader in the early development of the Stritch School of Medicine, helped found the school's annual fundraising dinner. In 2000, his son, John Jr., and his wife, Herta, continued that support by naming the John & Herta Cuneo Center at the Stritch School of Medicine. The Cuneos also sponsor a four-year scholarship for a deserving student.
We are grateful for his new gift, which will transfer to the University on March 1, 2010. With it, Loyola has raised $400 million of its $500 million goal for Partner: The Campaign for the Future of Loyola. Please join me in expressing our heartfelt gratitude to John and Herta, two of the best friends Loyola has ever known, on this, a great day to be a Loyolan.
Michael J. Garanzini, S.J.
President, Loyola University Chicago