Notre Dame Receives $25 Million From Alumni Couple

Notre Dame Receives $25 Million From Alumni Couple

The University of Notre Dame has announced a $25 million gift from alumni Mary and Jay Flaherty ('79) in support of the university and its founding religious order, the Congregation of Holy Cross, to broaden and deepen the work of both institutions in service to the Catholic Church.

To be combined with another $25 million commitment from Notre Dame, the Flahertys' gift includes $20 million for the reconstruction and ongoing maintenance of Corby Hall — the on-campus residence and center of hospitality for the order — and $5 million to benefit aging Holy Cross priests and brothers. Notre Dame's commitment includes $10 million for Corby Hall, $10 million to meet the order's general needs, and $5 million to establish an endowment to strengthen collaboration between the university and the Holy Cross order around the world.

The Flahertys gave $20 million in 2016 for construction of the recently dedicated Flaherty Hall, a women's residence hall. Mary Hesburgh Flaherty, who graduated from Notre Dame in 1979 with one of the first classes to include women, chairs the university's Undergraduate Experience Advisory Council. She and Jay Flaherty, former chair and CEO of HCP and currently managing partner of a real estate joint venture, previously have supported financial aid, a professorship in psychology, the Hesburgh Library, and other initiatives.

"Corby Hall was home to my Uncle Ted [Hesburgh] for fifty-six years, and home to his best friend, Father Ned Joyce, for fifty-two years," said Mary Flaherty. "Jay and I are pleased to reconstruct their home for the benefit of future generations of Holy Cross religious....In their later years, Uncle Ted and Father Ned moved to Holy Cross House, where they received quality care until the time of their passing. This is why it is so important that we support the order's endowment for aging Holy Cross religious with our gift to the congregation."

(Photo credit: University of Notre Dame)

"$50 Million in Gifts to Support Notre Dame and the Congregation of Holy Cross." University of Notre Dame Press Release 11/30/2017.