FOR IMMEDIATE RELEASE
Director of Communications
Loyola University Chicago Receives Largest Naming Gift for Water Tower Campus Building
CHICAGO, September 5, 2006 Loyola University Chicago is pleased to announce that Loyola alumni John and Terese Terry are giving $5 million to the student center in the University’s newest building on Loyola’s Water Tower Campus, the Rev. Raymond C. Baumhart, S.J., Residence Hall. In honor of this significant gift, the student center will be named the Terry Student Center. This is the largest naming gift to date for a building on Loyola’s Water Tower Campus.
“We are very happy to help Loyola enhance the quality of student life on the Water Tower Campus, which we think is one of the best urban campuses in the United States,” said John Terry. “In fact, Terese and I met here in 1959 in the student lounge, which was located in the basement of Lewis Towers at the time. Our motivation for giving to Loyola is quite straightforward we want others to have the same great college experience and educational background that we did.”
John Terry grew up on the South Side of Chicago and graduated from St. Ignatius College Prep. He received his BS from Loyola’s School of Business Administration in 1959. Terese Mulkern Terry graduated from St. Scholastica Academy and earned a BA in Theatre from Loyola’s College of Arts and Sciences in 1959. She also has an MA in Librarianship from the University of Denver.
Mr. Terry is a former senior operating and financial executive with several companies including National City Lines, PepsiCo Inc., IU International, and the U.S. government corporation that formed Conrail. In 1985 he became an investor for his own account in the trucking industry. He has also advised the World Bank and the European Bank for Reconstruction and Development on freight transportation issues. Mrs. Terry is a business information specialist at Lippincott Library at the Wharton School, University of Pennsylvania. She is a frequent speaker and writer, recognized for her research on Asian business. She has lectured MBA candidates in China and India about United States business information.
“With the addition of Baumhart Hall and the Terry Student Center, we are able to achieve something we desperately needed on the Water Tower Campus. It will now be convenient for our students to live, attend classes, and work in a great location in Chicago’s premier downtown neighborhood,” said Michael Garanzini, S.J., president of Loyola University Chicago. “This building is critical to our mission as a Jesuit, Catholic, urban university to be connected to the life of the City of Chicago. We are extremely grateful to John and Terese in helping us do this.”
The Terry Student Center offers a wide range of services for Loyola students, faculty, staff, and visitors, all in one convenient location. The Center’s features include study rooms; a lounge with pool and ping-pong tables; seminar room with audio and video capabilities; and a business center offering photocopying, faxing, and mailing supplies. Wireless Internet access is available throughout the entire building. The Terry Student Center also serves as a gathering place for student groups to host meetings, share news and information, and publicize events.
The Terrys are both active alumni and have served on the Loyola Alumni Chapter of Philadelphia. John Terry is a 2003 Damen Award recipient from the School of Business Administration, an annual award honoring distinguished Loyola alumni, and serves as an advisor to the Finance Committee of the University. Terese Terry is a member of Loyola’s Board of Trustees. The Terrys currently reside in Washington Crossing, Pennsylvania, and have two children, Michael and Deirdre.
Mrs. Terry comments, “We like to think that the Terry Student Center will also serve to honor the memory of our deceased children Rosalind and Gregory. We hope that lifelong friendships such as the ones we enjoy today will continue to be generated at Loyola in the convivial atmosphere of this new student center.”
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 15,000 students, which includes nearly 10,000 undergraduates hailing from all 50 states and 82 foreign countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to the Beijing Center for Chinese Studies in Beijing, China. 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 69 undergraduate majors, 77 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” in its annual publications. For more information, please visit our web site at www.luc.edu.