Neubauer Family Foundation Awards $13 Million to University of Chicago

Neubauer Family Foundation Awards $13 Million to University of Chicago

The University of Chicago has announced a $13 million gift from the Neubauer Family Foundation in support of initiatives to reduce barriers that prevent international and Latino students from applying to and attending the university.

The funds will support a new program to recruit talented Latino undergraduates by inviting academically gifted high school students to campus for overnight college experience programs and summer session classes between their junior and senior years. Those who successfully apply and are accepted will receive tuition support over four years. The gift also will fund the Neubauer No Barriers Scholarships program, which will provide tuition support for international students, who are typically ineligible for U.S. financial aid.

Both initiatives are part of a comprehensive commitment by the university to support students whose background, finances, and support systems may present obstacles to attending college. A central element of the new commitment is No Barriers, a plan launched earlier this fall to eliminate student loan and work requirements from financial aid packages and add a number of new support and enrichment programs.

"I was not yet a citizen when the University of Chicago business school offered me a scholarship," said Joseph Neubauer, who received an MBA from the Booth School of Business in 1965 and now chairs the University of Chicago Campaign: Inquiry and Impact. "It changed my life. My association with the University of Chicago continues to expand my knowledge base and expand my horizons. The Neubauer Family Foundation is pleased to build on the university's determination to broaden access to this remarkable institution."