Loyola University Chicago

Loyola University Chicago

University Newsroom

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Media Contact:
Maeve Kiley
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mkiley2@luc.edu

Loyola University Chicago Receives Record $20 Million Gift

Chicago, IL, December 6, 2005- Loyola University Chicago announced today that Joan Los Hank, Loyola alumna, and William J. Hank, Loyola trustee, and the MacNeal Health Foundation, of which Mr. Hank is vice chairman of the board and chairman of the finance and investment committee, are giving the university a combined $20 million gift, the largest gift Loyola has received to date. The $10 million grant from the MacNeal Health Foundation is earmarked for the School of Education and the School of Nursing programs. The grant will not be used to name anything in honor of the Foundation, but will give Loyola opportunities to find other benefactors to partner with the programs and name them in their honor. The $10 million gift from Mr. and Mrs. Hank will fund key university priorities as agreed upon by the Hanks and Father Michael Garanzini, president of Loyola University Chicago.

The gift was announced today at a Loyola Presidential Reception hosted by William Daley, chairman, Midwest region, JPMorgan Chase and Pat Arbor, chairman, United Financial Holdings, Inc., both of whom are on the Loyola Board of Trustees. The event, celebrating Loyola’s future plans, was attended by alumni and friends of Loyola University Chicago.

The MacNeal Health Foundation and the Hanks want the gift to serve as a challenge for other alumni, friends, foundations and corporations to match this gift with their own significant gifts to help secure Loyola’s future.

“We are very excited about supporting Loyola University Chicago as it prepares for its second century of success,” commented Mrs. Hank. “The year 2009 will mark the 100th anniversary of Loyola’s designation as a university and we want to help the university advance its teaching, research and commitment to service.”

Mr. Hank is the chairman and CEO of Farnham Investment Group in Westmont, IL. Mrs. Hank received a B.S.Ed. from Loyola University Chicago. She is a member of Loyola’s President’s Advisory Council for the College of Arts and Sciences and along with her husband, co-chaired the recent successful campaign for the construction of the Michael R. and Marilyn C. Quinlan Life Sciences Education and Research Center.

Through the gift, the MacNeal Health Foundation will partner with Loyola to permanently endow educational effectiveness programs developed by Loyola’s School of Education Center for Catholic School Effectiveness (CCSE). These programs will initially support students residing in Berwyn, Cicero, Pilsen, and Little Village. The grant will also support Loyola University Chicago Opportunities in Catholic Education (LU-CHOICE) program, a post-graduate program to advance Catholic education by educating, placing and supporting college graduates in elementary classrooms in the Archdiocese of Chicago. Both the Educational Effectiveness Endowment and LU-CHOICE program will help participant schools recruit, educate and develop teachers committed to working in schools with high-risk students.

“Studies rank qualified teachers at the top of factors that contribute to students’ high achievement,” comments David Prasse, Ph.D., Dean of the School of Education, Loyola. “I’m extremely grateful for MacNeal Health Foundation’s interest in partnering with Loyola University Chicago because good teachers make a huge impact on a child’s overall future.”

In addition, the MacNeal Health Foundation will establish an endowment of Nursing Faculty Education. It will create a center of excellence dedicated to the preparation of nurse teaching scholars within Loyola’s Niehoff School of Nursing. Graduates of this program will be prepared to teach in university and collegiate nursing programs and have a foundation on which to build a program of research, scholarship and funding. The grant will also support Loyola’s Hispanic Nurse Initiative. This initiative recruits and trains nurses, primarily bilingual and bi-cultural, who will practice their profession in Chicagoland’s primarily-Latino communities for a minimum of two years.

“At Loyola, Jesuit values guide faculty and students grappling the ethical challenges of exploding scientific and health care knowledge. However, as the shortage of nurses continues to increase, recruiting and preparing the next generation of nurses is absolutely critical,” said Sheila Haas, Ph.D., R.N., Dean of the School of Nursing, Loyola. “The MacNeal Health Foundation is a perfect partner to help us address this issue while helping our own surrounding communities.”

“Loyola University Chicago is entering a tremendous growth period building on our proud heritage as a university that educates and equips students to make an impactful difference in the world,” says Fr. Garanzini. “This fall we welcomed the largest freshman class in the University’s history. They are a diverse, smart group of students who demand the best and we are committed to fulfilling their expectations. This generous gift from Joan and Bill and the MacNeal Health Foundation is a great investment as we grow our scholarship and financial aid support, enrich our rigorous academic programs and research activities and invest in new facilities to foster learning, creativity, research and training.”

About the MacNeal Health Foundation
The MacNeal Health Foundation was founded in October, 1999 and received its initial funding from the sale of the former MacNeal Memorial Hospital in February 2000. The Foundation makes grants primarily to pre-selected organizations in the areas of healthcare, medical research and education. MacNeal Health Foundation is a private, independent foundation and is not affiliated with the present MacNeal Hospital.

About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago was founded in 1870 and is among the largest of the 28 Jesuit colleges and universities in the United States. Loyola has a total enrollment of more than 14,000 students, which includes 9,000 undergraduates, hailing from all 50 states, as well as 82 foreign countries. The University has four campuses, three in the greater Chicago area and one in Rome, Italy. Loyola’s nine schools and colleges include: arts and sciences, business administration, education, graduate studies, law, medicine, nursing, professional studies and social work. Loyola offers 66 undergraduate majors, 59 master’s degrees, 36 doctoral degrees and three professional degree programs. Recognizing Loyola’s excellence in education, U.S. News and World Report has ranked Loyola consistently among the “top national universities.”www.luc.edu.

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