Blackstone Veteran Gives Loyola $100 Million for Diversity
- Alumnus John Schreiber helped run PE giant’s real estate arm
- Will fund scholarships, support for underrepresented students
The Loyola University Chicago campus.
Photographer: Wolterk/iStock/Getty Images
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Former Blackstone Inc. real estate executive John Schreiber and his wife, Kathleen, are giving a record $100 million to Loyola University Chicago to help fund scholarships for ethnically and racially diverse students.
The donation is the largest individual gift in the school’s history, Loyola said in a statement Thursday. It will help pay for tuition, room and board, and support services for minority, first-generation and other students who face challenges completing four-year degrees.