Updated: December 23, 2011 8:07AM
DePaul University says an alumnus and his wife donated $10 million 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, DePaul officials said. The donors — a retired graduate of the college and his wife — wish to remain anonymous.
“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, DePaul’s president. “We could not be more grateful to this generous couple for what they are doing for the many generations that follow them.”
The university said nationally, gifts committed by donors to be paid from their estates to nonprofits are on the rise. Charitable donations totaled $22.83 billion in 2010, up nearly 19 percent, according to the Giving USA Foundation.
The anonymous couple’s gift helps the university move closer to raising $250 million by 2014, the goal of its “Many Dreams, One Mission” fund-raising campaign.
More than 25,000 donors have given a total of $215.3 million since the campaign was launched in 2007, the university said.