Loyola University Chicago on Thursday announced the single-largest donation in the school’s 152-year history, a $100 million gift dedicated to supporting students from diverse ethnic and racial backgrounds.
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John and Kathy Schreiber, philanthropists who have been huge Loyola donors, gave the money to cover scholarships, housing and support services for aspiring students who are “historically underrepresented in higher education,” according to a news release from the school.
With the Schreibers’ help, the school aims to create a $500 million portion of the university’s endowment to make the resources permanent and fully fund hundreds of students a year “for generations to come,” according to the school.
