Illinois Institute of Technology Receives $150 Million

Illinois Institute of Technology Receives $150 Million

lllinois Institute of Technology has announced a combined gift totaling $150 million, the largest in the school's history, from a number of prominent local philanthropists, trustees, and alumni.

With the broader goal of supporting the school's contributions to the growth of the region's tech sector, the funds will support student scholarships and new facilities on the school's Chicago campus. Donors include Craig J. and Janet Duchossois, Michael P. (JD '78) and Elizabeth Galvin, John W. and Jeanne Rowe, and the late George J. Kacek ('54, MS '55), for whom a newly renovated residential hall will be named.

"This combined gift represents the continuation of what my father and so many others have committed: to help make Illinois Tech a critical driver of Chicago's economic future by unleashing the power of difference to advance technology for all," said IIT trustee and Galvin Enterprises president Michael Galvin, whose father, Robert, together with Robert A. Pritzker, made what was then the largest combined gift to the school, $120 million, in 1996.  "For more than a hundred and twenty-five years, Illinois Tech has made it possible for all young people — regardless of means — to discover, create, and invent solutions to many of the world's most pressing challenges. This collective investment will ensure that Illinois Tech can continue that legacy while helping build an even brighter economic future for this great city and the world."

"Illinois Tech was founded to provide all students, particularly first-generation college students, with unparalleled opportunity for upward economic mobility," said John Rowe, former chair, president, and CEO of Exelon Corporation and chair emeritus of the Illinois Tech board of trustees as well as a university regent. "Jeanne and I are proud to help the university continue to meet that special and unique mission, allowing it to be a vehicle for positive change across our city and throughout the world."