Couple Donates $10 Million To DePaul University

CHICAGO (CBS) — DePaul University says an alumnus and his wife have donated $10 milllion from their estate to the university — the largest single gift in the school’s 113-year history.

The money will support student scholarships and a professorship at DePaul’s College of Commerce, a release from DePaul said. The donors, a retired graduate of the college and his wife, wish to remain anonymous.

LISTEN: WBBM Newsradio’s Pat Cassidy reports

“This gift is going to change the lives of countless students and help DePaul meet our commitment to recruiting the very best faculty to teach them,” said the Rev. Dennis H. Holtschneider, president of DePaul. “We could not be more grateful to this generous couple for what they are doing for the many generations that follow them.”

The anonymous couple’s gift helps the university move closer to raising $250 million by 2014, the goal of its “Many Dreams, One Mission” fundraising campaign.

More than 25,000 donors have given a total of $215.3 million since the campaign was launched in 2007, the university said.

(Source: Sun-Times Media Wire © Chicago Sun-Times 2011. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

  • Greg Magoo

    I can barely pay my bills and these people are dumping millions into a multi-million dollar business. I hope these occupy losers pay these people a visit, since they are obviously part of the so-called 1%.

  • tj

    I’m sure all of the big wigs at the university will all get generous bonuses now.

  • iris

    Makes me wonder what they do with this money. Tuition is sky high, kids can’t afford to go to these schools. The big-wigs are the only ones that benefit. There are so many other worthy causes this kind of money can go to. Shame.

blog comments powered by Disqus
Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live