Northwestern Kellogg Hits Fundraising Milestone of $500 Million
Thanks to the recent $5 million gift from Michael ’88 JD, MBA and Cari Sacks, Northwestern Kellogg has surpassed their fundraising campaign milestone of $500 million. Kellogg’s Transforming Together campaign is part of the University-wide “We Will” Campaign, dedicated to advancing education at the institution. The school’s flagship Global Hub on the school’s Evanston campus stands out as a hallmark of the Transforming Together campaign. Additionally, $120 million in donated funds have created new scholarships. Over 31,000 unique donors have contributed to Transforming Together.
“The Kellogg community has demonstrated its extraordinary commitment to the school by making this fundraising achievement possible,” Northwestern University President Morton Schapiro said. “The campaign has literally transformed Kellogg, and we are grateful to everyone who has contributed.”
A Closer Look at the Sacks’ Gift
The Sacks family’s $5 million gift includes scholarship support for former Chicago Public Schools students attending Kellogg and the Pritzker School of Law. The funds create an endowed Cari and Michael Sacks ’88 JD, MBA Family Scholarship at each school. Two million dollars will support students at Kellogg and $2 million will support students at Northwestern Pritzker Law. Each year, at least one student at each school will receive a scholarship. The scholarships will cover tuition, books and supplies, student fees and living expenses.
In total, the Michael and Cari Sacks have donated $13.3 million to date. Due to their generosity, 41 Chicago Public Schools students and 48 other students have received a Sacks Family Scholarship.
“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 Francesca Cornelli, dean of the Kellogg School of Management, in a statement. “Scholarships like the Sacks family’s make a huge difference for the recipients — as well as for the Kellogg community.”
See the full announcement here.