A $100 million gift is given to Loyola University Chicago to supply fully funded scholarships to underrepresented students. This marks the beginning of a $500 million initiative from John and Kathy Schreiber to support students’ tuition annually. Come Fall, the Schreiber Venture Fund for Social Enterprise will be established to assist in removing all barriers that prevent students from completing a four-year degree and will include support services for underrepresented students in higher education.
John, a Loyola graduate, and his wife Kathy are active leaders and philanthropists in their community who give a great deal of their donations to social services and educational and healthcare institutions. The Schreiber’s have actively donated to Loyola since 1978 by providing legal services to immigrants through Loyola’s Center for the Human Rights of Children, founding Loyola’s Arrupe College in 2015, and establishing a degree program that helps students graduate with little to no debt.
“Students with talent, grit, and promising leadership potential are, far too often, left out of life-changing scholarship opportunities and services due to circumstances beyond their control. At Loyola Chicago, our Jesuit, Catholic mission is to seek out and support anyone who is traditionally underserved and embrace those willing to work hard and thrive,” said the President of Loyola University Chicago, Dr. Jo Ann Rooney.