FOR IMMEDIATE RELEASE
Director of Communication
Double Alum and Former McDonald’s Chairman Michael R. Quinlan Gives
Loyola University Chicago $40 Million to Name Business School
CHICAGO, June 4, 2012 – Loyola University Chicago announced that long-time supporter and faithful alumnus, Michael R. Quinlan (PhB ’67, MBA ’70), has given $40 million to the School of Business Administration (SBA). The SBA 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 the largest gift the SBA has ever been given and the largest gift the University has received from an alumnus.
On Saturday night, at Loyola’s annual Founders’ Dinner, Loyola President and CEO Michael J. Garanzini, S.J., announced the milestone gift, commenting, “This is a momentous occasion for Loyola and for our students. 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 graduated with a bachelor’s degree in philosophy and psychology in 1967 and went on to earn his master’s degree 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 each of Loyola’s campuses.
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. This gift will continue to grow Quinlan’s legacy in Chicago and will help grow the Loyola business school’s endowment to attract top faculty, support students, and create cutting-edge programs to fill untapped market demands. The gift will also help boost the school’s fundraising efforts for future expansion on its Water Tower Campus.
“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.”
About Loyola University Chicago
Founded in 1870, Loyola University Chicago is the nation’s largest Jesuit, Catholic university, with more than 16,000 students. Nearly 10,000 undergraduates hailing from all 50 states and 82 countries call Loyola home. The University has four campuses: three in the greater Chicago area and one in Rome, Italy, as well as a presence in Beijing and an academic center in Saigon-Ho Chi Minh City, Vietnam. The University’s 10 schools and colleges include arts and sciences, business administration, communication, continuing and professional studies, education, graduate studies, law, medicine, nursing, and social work. Consistently ranked a top national university by U.S. News & World Report, Loyola is also among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service. To learn more about Loyola, visit LUC.edu, like us at Facebook.com/LoyolaChicago, or follow us on Twitter via @LoyolaChicago.