Northwestern University receives $5 million for scholarships

Northwestern University receives $5 million for scholarships

Northwestern University has announced a $5 million gift from alumnus Michael J. Sacks and his wife, Cari, in support of scholarships for students who graduated from Chicago Public Schools.

The gift will create endowments of $2 million each at the Kellogg School of Management and the Pritzker School of Law. The Cari and Michael Sacks '88 JD, MBA Family Scholarship will fund tuition, books and supplies, student fees, and living expenses for at least one student a year at each school.

With their latest gift, the Sackses have pledged $13.3 million in support of Northwestern's current capital campaign, which was launched in 2014. The couple's previous giving to the university includes a gift in 2013 to establish the Cari and Michael Sacks Scholarship Fund for CPS Students as well as support for the Feinberg School of Medicine, Bienen School of Music, Athletics and Recreation department, Weinberg College of Arts and Sciences, and Medill School of Journalism, Media, Integrated Marketing and Communications.

"Michael and Cari's gift is very meaningful because it allows us to provide need-based scholarship support to ensure we are bringing in the most talented students from our own backyard, regardless of their financial circumstances," said Kellogg School of Management dean Francesca Cornelli. "Scholarships like the Sacks family's make a huge difference for the recipients — as well as for the Kellogg community."