Chicago Visionaries Invest Combined $150 Million in Illinois Tech
Largest Cumulative Gift in University’s History Will Support Scholarships and Other Resources
Illinois Institute of Technology on Friday announced a landmark $150 million combined gift from prominent Chicago leaders to help the university drive Chicago’s continued tech rise. The combined gift will fund scholarships and new campus facilities.
Michael P. Galvin (LAW ’78), chairman of the Illinois Tech Board of Trustees, and his wife, Elizabeth; University Regent Craig J. Duchossois and his wife, Janet; and former board chair and University Regent John W. Rowe, and his wife, Jeanne, are among the prominent Chicago leaders who made the gift. Other contributors include the late George J. Kacek (EE '54, M.S. '55), for whom a newly renovated residential hall on the Illinois Tech campus will be renamed.
It is the largest cumulative gift announcement in university history.
“This landmark combined gift is a profound investment in our continued role as Chicago’s tech university,” says Illinois Tech President Alan W. Cramb. “This significant commitment will not only fuel Illinois Tech’s central contribution to Chicago’s tech rise, but it will do so by building on our university’s founding mission to provide unmatched opportunity and value to all young people in Chicago.”
The second-largest gift to Illinois Tech—$120 million in 1996—was from the families of Robert A. Pritzker (IE '46) and Robert W. Galvin, the late father of Michael P. Galvin.