LOYOLA UNIVERSITY RECEIVES HISTORIC $50 MILLION GRANT

LOYOLA UNIVERSITY, CHICAGO ANNOUNCED RECENTLY THAT JOHN CUNEO JR., HIS WIFE, HERTA, AND THE CUNEO FOUNDATION HAVE GIVEN THE UNIVERSITY THE LARGEST GIFT IN ITS 140 YEAR HISTORY. THE GENEROUS $50 MILLION GIFT INCLUDES THE CUNEO MUSEUM AND GARDENS IN VERNON HILLS, ILLINOIS, ITS NEARLY 100 SURROUNDING ACRES, AN EXTENSIVE COLLECTION OF ART AND FURNISHINGS, AND AN IN-KIND DISTRIBUTION OF FUNDS. THE GIFT WILL BE USED TO SUPPORT SEVERAL STRATEGIC INITIATIVES AT LOYOLA, INCLUDING SCHOLARSHIPS FOR STUDENTS, A NEW STATE OF THE ART ACADEMIC BUILDING ON THE LAKE SHORE CAMPUS (TO BE NAMED CUNEO HALL), AND FUNDS TO SUPPORT OPERATIONS AT THE HISTORIC MANSION AND GARDENS. THE UNIVERSITY ALSO WILL SEEK OPPORTUNITY TO DEVELOP THE NORTH PART OF THE PROPERTY. AFTER THE TRANSITION IS COMPLETE, LOYOLA PLANS TO INCREASE USE OF THE MANSION FOR WEDDINGS, OTHER SPECIAL OCCASIONS, AND CORPORATE EVENTS. IN ADDITION, THE UNIVERSITY WILL OFFER EDUCATIONAL OPPORTUNITIES THERE TO BENEFIT STUDENTS, FACULTY, AND THE GREATER CHICAGO AREA COMMUNITY, ESPECIALLY THOSE LIVING IN AND AROUND LAKE COUNTRY.