FOR IMMEDIATE RELEASE
Director of Communication
Loyola University Chicago Receives $6 Million Gift
for Student Scholarships
Alumnus Providing Financial Support for
Arrupe College Students Ahead of Inaugural Commencement
CHICAGO, August 7, 2017—Loyola University Chicago has received a $6 million gift from alumnus John G. Schreiber and his wife, Kathy Schreiber, to support scholarships for students and graduates of Loyola’s Arrupe College. The gift coincides with another milestone for the college—its first Commencement ceremony on Saturday, August 12, on the University’s Lake Shore Campus.
Launched in 2015, Arrupe College is a two-year associate’s degree program within the University that provides a rigorous liberal arts education to motivated students with limited financial resources and an interest in attending a four-year institution. The college addresses the need in higher education to increase completion rates of post-secondary education degrees for students from low-income families. On August 12, 52 percent of the inaugural 159-student class will graduate, a rate that far exceeds the national average reported by Complete College America—only five percent of full-time students at two-year institutions graduate in two years.
John and Kathy Schreiber’s generous scholarship support is intended to primarily assist students who are ineligible for federal and state aid as a result of their immigration status.
“We have been very impressed by the quality of the students and the program at Arrupe College,” said Mr. Schreiber. “We hope that our support of the students and graduates will provide them with a chance to improve their future, especially those who would otherwise face significant challenges earning a college degree.”
The school’s diverse population includes many students who are the first in their family to pursue higher education, and each student receives an institutionally funded scholarship. Many also receive additional donor-funded scholarships. The gift, which will be split between immediate and long-term support, will not only benefit students enrolled at Arrupe College but also those who graduate and transfer to another college within Loyola to earn their bachelor’s degree.
“We often talk with our students at Arrupe College about being persons for and with others,” said Stephen Katsouros, S.J., dean and executive director of the college. “The Arrupe community has a deeper understanding of what this means through the commitment of John and Kathy Schreiber. As we welcome our third class and graduate our first, their investment in Arrupe is an extraordinary game-changer—for our college, and for the trajectories of our students and their families.”
John and Kathy Schreiber have a history of significant philanthropic support for Loyola. In 2008, they established a $500,000 scholarship endowment at Loyola for students from Lake County. To date, nearly 30 students have received support. In 2014, the couple made a $10 million gift to Loyola’s Quinlan School of Business. In recognition of that gift, the 10-story home of the business school was named the John and Kathy Schreiber Center.
“We are extraordinarily grateful to John and Kathy Schreiber for their generous gift of support for our Arrupe College students,” said Jo Ann Rooney, JD, LLM, EdD, president of Loyola. “John and Kathy’s unwavering commitment to promising young women and men has had a transformative impact on our students. This new philanthropic support for students in Arrupe College will enable talented students, many of whom are the first in their families to pursue a higher education degree, to reach their fullest potential and become persons for others. We are honored to partner with John and Kathy to ensure that a diversity of students have access to and benefit from Loyola’s Jesuit, Catholic education.”
Mr. Schreiber graduated from Loyola’s 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. He retired from Blackstone in 2015.
About Arrupe College of Loyola University Chicago
Named after Pedro Arrupe, S.J., former superior general of the Society of Jesus, Arrupe College of Loyola University Chicago is a two-year associate’s degree program for motivated students with limited financial resources and an interest in attending a four-year institution after graduation. The program offers associate’s degrees in Arts and Humanities, Business, and Social and Behavioral Sciences. The college’s unique education model features enhanced pre-enrollment orientation; a strong cohort and holistic, integrated series of supports for students to optimize their chances for academic and social success; intensive one-on-one contact with specialized faculty and staff; a degree that is fully transferable to state and private options throughout the state; and a financial strategy that permits low-income students to fully finance the cost of instruction with aid that does not include, or minimizes, assuming debt. Arrupe College is located at 1 E. Pearson Street, on Loyola University Chicago’s Water Tower Campus. To learn more about Arrupe College, visit LUC.edu/Arrupe, “like” us at Facebook.com/ArrupeChicago, or follow us on Twitter via @ArrupeChicago.
About Loyola University Chicago
Founded in 1870, Loyola University Chicago is one of the nation’s largest Jesuit, Catholic universities, with nearly 16,500 students. More than 11,000 undergraduates 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 13 schools, colleges, and institutes, 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, Graduate School, Institute of Pastoral Studies, Institute of Environmental Sustainability, and Arrupe College of Loyola University Chicago. Ranked a top 100 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 or @LoyolaNewsroom.
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