DePaul University has received the largest single gift in the school's 113-year history, a $10 million pledge from an alumnus and his wife, the university announced today.
According to an e-mail release from the university, the gift will be used for student scholarships and a professorship in the school's College of Commerce. The donors asked to remain anonymous.
The school's president, Rev. Dennis H. Holtschneider, said this about the donation in the press release:
"This landmark gift is notable not just in its magnitude but in the profound impact it will have on the College of Commerce and the students who come through its doors seeking opportunity and excellence. This gift is going to change the lives of countless students and help DePaul meet our commitment to recruiting the very best faculty to teach them. We could not be more grateful to this generous couple for what they are doing for the many generations that follow them."
The university presently has a fundraising campaign underway titled "Many Dreams, One Mission" that has set a goal of raising $250 million by 2014, according to the release. Thus far, more than 25,000 donors have contributed $215.3 million since the campaign began in 2007.
One of the goals of that campaign is to establish $100 million in new student scholarships.Copyright © 2015, RedEye