Saturday, October 16, 2021
HomeSchoolsScholarships to Make Illinois Institute of Technology More Affordable

Scholarships to Make Illinois Institute of Technology More Affordable


The Illinois Institute of Technology has received a combined gift of nearly $150 million to strengthen its position among higher education institutions across the country.

Announced on Thursday, the donation is the largest cumulative gift in university history and it plans to use it to fund scholarships and new campus facilities.

“This landmark combined gift is a profound investment in our continued role as Chicago’s tech university,” said 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.”

Those who made the gift are Michael P. Galvin, 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; University Regent John W. Rowe, and his wife, Jeanne; and the late George J. Kacek.

Billionaire Gifts $100Mln to Create Scholarship at University of Virginia

You Might Also Like

Latest Posts

Harvard, World’s Richest University, Sees Endowment Skyrocket to $53.2B

Harvard University has recorded another historic endowment growth of 27 percent, making its total endowment for the 2020-21 fiscal year $53.2 billion.

COVID Woes: College Students Continue to Be Uncertain About Future

A survey revealed that college students and recent graduates across the US continue to be uncertain about their future because of the pandemic.

Higher Education, Higher Pay? Not Necessarily, Study Finds

A Georgetown University study has revealed there is an increase in workers without college diplomas who receive a higher salary compared to employees with associate’s or bachelor’s degrees.