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In the largest cumulative gift in in the university's history, Illinois Institute of Technology will get $150 million to fund scholarships and new facilities.

The combined donation was announced Friday and comes from a group of Chicago leaders affiliated with the university.

The donors include Michael Galvin, chairman of the Illinois Tech Board of Trustees; Craig Duchossois, university regent; John Rowe, former board chair and university regent; and George Kacek, alumnus. A remodeled residence hall on the campus will soon bear the name of Kacek, who has passed away.

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