Loyola University Chicago has made it a point to make 2015 a huge year for fundraising. A Crain’s Chicago Business article points out that the school specifically placed a fundraising goal of $100 million for the Quinlan School of Business. As of March, the school had already managed to receive $70 million in pledges.
A large chunk of this change came from alumnus Michael Quinlan, former McDonald’s CEO, who committed $40 million in 2012, and alumnus John Schreiber and his wife Kathy, who promised $10 million last year.
The Quinlan school plans to move to a new 10-story building on the Water Tower campus named for the Schreibers. According to Crain’s, the building will be found at the corner of State Street and Pearson Avenue, and will be named the John and Kathy Schreiber Center. It is expected to open this month and will house Loyola’s Family Business Center, Center for Risk Management and its Supply and Value Chain Center in addition to hosting undergraduate, graduate and executive-education business classes.
“We are very grateful to John and Kathy Schreiber for their extraordinary gift to support our new home for the Quinlan School of Business,” Loyola University Chicago President and CEO Michael J. Garanzini said in a press release. “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 center 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. In keeping with Loyola’s commitment to sustainability, system of atria will use natural ventilation and daylight to provide energy efficiency and light throughout the building.
“We thought it was a perfect way to acknowledge what Loyola did for us,” Mr. Schreiber, 67, said. “We think it’s a great school and it has done a lot of good for people over the years.”
With additional funding, Loyola spokespeople told the Crain’s that it has doubled its research and analytics arm and established six “leadership centers” and a lab focusing on financial services. The centers will offer expertise in supply chain management, social enterprise and responsibility, risk management, family business, international business and financial and policy studies.