On Saturday night, at Loyola’s annual Founders’ Dinner, Loyola President and CEO Michael J. Garanzini, S.J., announced a milestone $40-million gift from alumnus Michael R. Quinlan (PhB ’67, MBA ’70) to Loyola’s business school. The School of Business Administration and its affiliated Graduate School of Business will now be known as Loyola’s Michael R. Quinlan School of Business, named in honor of the chairman of Loyola’s Board of Trustees and former CEO and chairman of the board of McDonald’s Corporation.
“This is a momentous occasion for Loyola and for our students,” Father Garanzini says. “We are very grateful to Mike Quinlan for his continued generosity and for his enduring commitment to his alma mater. Mike’s leadership and service—in business, in the community, and as chairman of our Board of Trustees—exemplify the best of a Loyola University Chicago education. His support of Loyola’s mission, and this gift for our current and future business students in particular, will have a transformative impact on business education for years to come.”
Quinlan grew up on Chicago’s West Side. In 1963, while an undergraduate student at Loyola, he was hired to work in the McDonald’s mailroom. The first in his family to attend college, he was initiated into the Alpha Delta Gamma National Fraternity and graduated with a bachelor’s degree in philosophy and psychology in 1967 and went on to earn his master’s in business administration at Loyola in 1970. At McDonald’s, Quinlan worked his way up from the mailroom into senior management, becoming president and CEO in 1987 and chairman of the board in 1990. He retired from that post in 1999, at which time he took on his current role of chairman of the Board of Trustees at Loyola. Under his tenure at the helm of the University, Loyola has witnessed the appointment of Father Garanzini as president and CEO, increasing enrollments, and major capital improvements to all of Loyola’s campuses.
Quinlan’s gift will help grow the business school’s endowment to attract top faculty, support students, and create cutting-edge programs to meet market demands.
“The power of a naming gift far exceeds its monetary value,” says Kathleen A. Getz, PhD, the school’s dean. “This vote of confidence sends a clear message to our students and to the business community that our school is a sound investment with bold plans for the future. We are so grateful to Mike Quinlan for helping us write our next chapter.”
In 2004, in honor of a lead gift, the University dedicated the Michael R. and Marilyn C. Quinlan Life Sciences Education and Research Center. In 2005, in recognition of a lifetime of humanitarian service, Quinlan was awarded the Sword of Loyola. With this most recent gift—the largest from an alumnus to Loyola and the largest ever to the business school—Michael Quinlan has displayed outstanding generosity and dedication to his alma mater.
“Much of the success I may have achieved can be traced directly back to my time at Loyola University Chicago,” he says. “I have received far more from Loyola than I have given. I hope my gift inspires support from other alumni; we have great plans in store for this school.”
For more information: