Illinois Tech’s Power the Difference Campaign Aims to Fuel Chicago’s Tech Rise
A $500 million fundraising campaign to advance Illinois Institute of Technology’s standing as the leading technology-focused university in Chicago has already raised more than $300 million during its initial leadership phase. The Illinois Tech Board of Trustees approved the campaign goal at its October 22 meeting.
The campaign, Power the Difference: Our Campaign for Illinois Tech, will help to advance the university’s founding mission to provide first-generation college students with educational opportunities focused on innovation and further establish Illinois Tech as one of the “best value” universities in the region and across the country. The funds will support student growth and success, as well as improve the student experience with upgraded living, learning, research, and recreational spaces. Cell phone inventor Marty Cooper (EE ’50, M.S. ’57) and his wife, Arlene Harris, are the most recent contributors. Their $20 million commitment is one of now six gifts of $20 million or more. Additional leadership gifts have already helped to launch new scholarships; fund residence hall renovations, such as Kacek Hall, renamed in honor of its late benefactor George J. Kacek (EE '54, M.S. '55); and provide financial support to help students who are facing unexpected hardships.
The $300 million raised during the leadership phase also includes the historic $150 million combined gift from Board of Trustees Chair Michael P. Galvin (LAW ’78), 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.
“Through their dedication and generosity, these leaders are sending a clear message that a strong and growing Illinois Tech is central to driving Chicago’s continued tech rise,” says Illinois Tech President Alan W. Cramb. “As the number two school in the nation in overall economic mobility among highly selective private universities, Illinois Tech is committed to fueling equitable tech growth in Chicago.”