FOR IMMEDIATE RELEASE
Director of Communication
Loyola University Chicago Quinlan School of Business Receives $10 Million Gift
New Building to be Named Schreiber Center
CHICAGO, March 19, 2014—Loyola University Chicago announces that alumnus John G. Schreiber will give $10 million to the University’s Quinlan School of Business. The gift from John and Kathy Schreiber will go toward the construction of a new facility for the business school. The facility, located on Loyola’s Water Tower Campus, will be named the John and Kathy Schreiber Center.
“We are very grateful to John and Kathy Schreiber for their extraordinary gift to support our new home for the Quinlan School of Business,” said Loyola University Chicago President and CEO Michael J. Garanzini, S.J. “Their generosity will lead to a state-of-the-art, environmentally sustainable building that will allow for collaboration, learning, and great debate; it will truly transform the way we deliver—and our students benefit from—Loyola’s world-class business education.”
The new 10-story facility will feature advanced classrooms, innovative social spaces, and a presentation and gathering area on the first floor that will promote collaboration in and out of the classroom. A sophisticated system of atria will harness natural ventilation and harvest daylight to provide energy efficiency and light throughout the building, in keeping with Loyola’s commitment to sustainability. In addition to serving the needs of undergraduate and graduate business students, the building will be home to several signature centers, including the school’s renowned Family Business Center, Center for Risk Management, and the new Supply and Value Chain Center. Loyola’s executive education programs also will be housed in the center. The Schreiber Center is expected to be completed by August 2015—in time for the 2015–16 academic year.
Mr. Schreiber graduated from the Undergraduate School of Business Administration in 1968. After graduating from Harvard Business School in 1970, Mr. Schreiber went on to a 20-year career in real estate investment management as a partner in Chicago-based JMB Realty Corporation. He retired from JMB in 1990 and in 1992 founded the New York-based Blackstone Group’s real estate investment management business.
Today Mr. Schreiber is an active partner in Blackstone Real Estate Advisors and continues residing in the Chicago metropolitan area where he and Kathy have raised a family of eight children and have twelve grandchildren. The Schreibers have been significant supporters of many educational institutions in the Chicago area, including Loyola University Chicago, where they established a scholarship endowment fund in 2008 for students from Lake County, Illinois. This $10 million donation for a new facility constitutes a special gift to Loyola University Chicago.
“Loyola’s School of Business played a big part in my development as a student and in my career in business,” said Mr. Schreiber. “Contributing to the construction of the new business school building gives me a way to acknowledge Loyola’s importance in my life.”
The gift comes a year and a half after Loyola alumnus Michael R. Quinlan made a $40 million gift to support the business school. In honor of that gift, the school was renamed the Quinlan School of Business. Since that gift and naming, the school has enjoyed a period of significant growth and progress.
“We are forever grateful to the Schreibers for a gift that will advance Loyola’s distinctive approach to educating future business leaders,” said Kathleen A. Getz, PhD, dean of the Quinlan School of Business. “Quinlan has outstanding faculty and staff, highly engaged students, and an active alumni network around the globe. This new home, in the heart of downtown Chicago, symbolizes the growing strength of our community and complements our nearly 100-year legacy of promoting business as a force for good.”
About Loyola University Chicago
Founded in 1870, Loyola University Chicago is one of the nation’s largest Jesuit, Catholic universities, with nearly 16,000 students. More than 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 course locations in Beijing, China; Saigon-Ho Chi Minh City, Vietnam; Vernon Hills, Illinois (Cuneo Mansion and Gardens); and a Retreat and Ecology Campus in Woodstock, Illinois. The University features 10 schools and colleges, including the Quinlan School of Business, Marcella Niehoff School of Nursing, Stritch School of Medicine, College of Arts and Sciences, School of Communication, School of Continuing and Professional Studies, School of Education, School of Law, School of Social Work, and Graduate School. 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.
About Loyola’s Quinlan School of Business
Focused on responsible leadership, the Quinlan School of Business at Loyola University Chicago offers undergraduate, graduate, and executive education in the heart of downtown Chicago, with campuses and partnerships in Rome, Beijing, and Saigon–Ho Chi Minh City. The school houses six centers charged with producing research and enhancing connections to the global business community, including the Center for Risk Management, the Center for International Business, the Center for Financial and Policy Studies, the Family Business Center, the Supply and Value Chain Center, and the Center for Social Enterprise and Responsibility. Founded in 1922, the school was an early pioneer in Jesuit business education and is firmly grounded in ethics. The school is named for Michael R. Quinlan, a double Loyola alumnus. To learn more about Loyola’s Quinlan School of Business, visit Twitter.com/LoyolaQuinlan, Facebook.com/LoyolaQuinlan, and LUC.edu/Quinlan.