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Loyola University Chicago announced a $100 million gift from John and Kathy Schreiber to fund full scholarships, room and board, and comprehensive support services for Black, Latino, first-generation and other ethnically and racially diverse students who are historically underrepresented in higher education. The gift is the largest in Loyola’s history.

The gift is also the start of an effort by the university to create a $500 million endowment to support such aid.

“Students with talent, grit, and promising leadership potential are, far too often, left out of life-changing scholarship opportunities and services due to circumstances beyond their control. At Loyola Chicago, our Jesuit, Catholic mission is to seek out and support anyone who is traditionally underserved and embrace those willing to work hard and thrive,” said Jo Ann Rooney, president of Loyola University Chicago.