Loyola University Chicago has announced a $100 million gift from John (BBA ’68) and Kathy Schreiber in support of scholarships for underrepresented students.

The largest individual gift in the history of the university is the foundational investment for a planned scholarship program, a $500 million restricted fund that will fund full scholarships, room and board, and wraparound support services—including mentorship, connections to resources such as an on-campus food pantry and housing assistance, and student community/cohort model that includes social events and opportunities to live together—for Black, Latinx, first-generation, and other ethnically and racially diverse students. The gift also will help establish and endow the Schreiber Venture Fund for Social Enterprise, which will offer competitive seed grants or early operating support to teams of Loyola faculty and students. 

Longtime supporters of the university, the Schreibers previously made gifts in support of Arrupe College, legal services for immigrants through the Center for the Human Rights of Children, and the construction of the John and Kathy Schreiber Center.

“I’ve long been inspired by the pursuit of excellence grounded in a Jesuit, Catholic mission that I’ve seen at Loyola,” said 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. We will be working hard over the coming months and years to inspire others to join us in supporting this important effort. We want this to be the centerpiece of an upcoming comprehensive fundraising campaign that we hope will raise $1 billion for this and other university priorities.”

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