FOR IMMEDIATE RELEASE
Director of Communication
School of Continuing and Professional Studies Receives $1 Million Endowment from The Bernard Osher Foundation
CHICAGO, October 18, 2010 – Loyola University Chicago is pleased to announce that The Bernard Osher Foundation, through its Reentry Scholarship Program, has awarded a $1 million endowment to Loyola’s School of Continuing and Professional Studies (SCPS). This gift was preceded by three annual grants of $50,000 each and accompanied by an additional $50,000 bridge grant intended to fund 50 scholarships in amounts of no less than $1,000 during the 2010-11 academic year.
Since 2007, The Bernard Osher Foundation enables Loyola’s SCPS to attract new adult students to its programs by providing them with much needed financial assistance. The endowment and grant will allow the SCPS to continue to support adults who have the desire to complete their undergraduate degree by providing the financial assistance needed, removing a major obstacle to degree completion.
To date, with the generosity of the Osher Foundation, the Osher Reentry Scholarships have provided encouragement and support for 32 adult students to complete their degrees here at Loyola since the scholarship program’s inception. SCPS dean Dr. Jeffrey Rosen is delighted that the Foundation’s support for reentry students at Loyola will continue long into the future due to the $1 million endowment.
“In granting Loyola University Chicago a generous endowment of $1 million, The Bernard Osher Foundation is placing its trust in our ability to continue this important mission,” notes Dr. Rosen. “Approximately 30 students each year have received Osher Foundation funding, and the endowment will ensure our ability to continue this scholarship program. Given the current economic recession, this financial support is more welcome than ever, and given today’s professional climate, in which holding a baccalaureate degree is increasingly necessary to be competitive in the marketplace, more of our graduates will be successful in their job pursuits and in reaching their professional goals. We are grateful to the Osher Foundation for supporting these efforts at Loyola.”
The Bernard Osher Foundation, headquartered in San Francisco, was founded in 1977 by Bernard Osher, a respected businessman and community leader. The Foundation seeks to improve quality of life through support for higher education and the arts, and to provide post-secondary scholarship funding to colleges and universities across the nation, with special attention to reentry students. Osher Foundation President Mary G.F. Bitterman commented on the foundation’s delight in once again assisting Loyola’s SCPS to continue its support of reentry students.
“The Bernard Osher Foundation congratulates Loyola University Chicago for its excellent stewardship of the Osher Reentry Scholarship Program, said Ms. Bitterman. “We are pleased to provide scholarship support for students pursuing their first baccalaureate degree after a significant break in their studies. We also are impressed with Loyola’s long tradition of inspiring students to realize their full potential.”
About the School of Continuing and Professional Studies
Launched in spring 2006, the School of Continuing and Professional Studies (SCPS) at Loyola University Chicago continues a long tradition of unwavering support for working adults who wish to advance their education. The School of Continuing and Professional Studies continues in the Jesuit tradition by providing application-oriented programs and certificates that prepare working professionals for today’s dynamic workplace. At the School of Continuing and Professional Studies, we prepare people to lead extraordinary lives.
About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago, founded in 1870, is the nation’s largest Jesuit, Catholic university. Enrollment is nearly 16,000 students, which includes almost 10,000 undergraduates hailing from all 50 states and 82 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 10 schools and colleges include arts and sciences, business administration, communication, education, graduate studies, law, medicine, nursing, continuing and professional studies, and social work. Loyola offers 71 undergraduate majors, 71 undergraduate minors, 85 master’s degrees, and 31 doctoral degrees. Loyola is consistently ranked among the “top national universities” by U.S.News & World Report, and the University is among a select group of universities recognized for community service and engagement by prestigious national organizations, such as the Carnegie Foundation and the Corporation for National and Community Service. For more information about Loyola, please visit LUC.edu.