Introducing the Schreiber Center
$10M gift will transform Quinlan School of Business
Loyola University Chicago announced March 19, 2014, that alumnus John G. Schreiber will give $10 million to the University’s Quinlan School of Business. The gift from John and Kathy Schreiber will go toward the construction of a new facility for the business school. The facility, located on Loyola’s Water Tower Campus, will be named the John and Kathy Schreiber Center.
“We are very grateful to John and Kathy Schreiber for their extraordinary gift to support our new home for the Quinlan School of Business,” said Loyola University Chicago President and CEO Michael J. Garanzini, S.J. “Their generosity will lead to a state-of-the-art, environmentally sustainable building that will allow for collaboration, learning, and great debate; it will truly transform the way we deliver—and our students benefit from—Loyola’s world-class business education.”
The 10-story facility will feature advanced classrooms, innovative social spaces, and a presentation and gathering area on the first floor that will promote collaboration in and out of the classroom. A system of atria will harness natural ventilation and harvest daylight to provide energy efficiency and light throughout the building, in keeping with Loyola’s commitment to sustainability.
In addition to serving the needs of undergraduate and graduate business students, the building will be home to several signature centers, including the school’s renowned Family Business Center, the Center for Risk Management, and the new Supply and Value Chain Center. Loyola’s Executive Education programs also will be housed in the center.
The Schreiber Center is expected to be completed by August 2015—in time for the 2015–16 academic year.
Mr. Schreiber graduated from the Undergraduate Quinlan School of Business 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.
Today Mr. Schreiber is an active partner in Blackstone Real Estate Advisors and continues residing in the Chicago metropolitan area where he and Kathy have raised a family of eight children and have 12 grandchildren. The Schreibers have been significant supporters of many educational institutions in the Chicago area, including Loyola University Chicago, where they established a scholarship endowment fund in 2008 for students from Lake County, Illinois. This $10 million donation for a new facility constitutes a special gift to Loyola University Chicago.
“Loyola’s School of Business played a big part in my development as a student and in my career in business,” said Mr. Schreiber. “Contributing to the construction of the new business school building gives me a way to acknowledge Loyola’s importance in my life.”
The gift comes a year and a half after Loyola alumnus Michael R. Quinlan made a $40 million gift to support the business school. In honor of that gift, the school was renamed the Quinlan School of Business. Since that gift and naming, the school has enjoyed a period of significant growth and progress.
“We are forever grateful to the Schreibers for a gift that will advance Loyola’s distinctive approach to educating future business leaders,” said Kathleen A. Getz, PhD, dean of the Quinlan School of Business. “Quinlan has outstanding faculty and staff, highly engaged students, and an active alumni network around the globe. This new home, in the heart of downtown Chicago, symbolizes the growing strength of our community and complements our nearly 100-year legacy of promoting business as a force for good.”