Loyola Alumnus, Former McDonald’s CEO Gives School $40 Million Gift

Loyola University will change the name of its business school — in honor of an alumnus who is giving the university a $40 million gift.

The gift from alumnus Michael R. Quinlan to Loyola’s business school was announced Saturday night at Loyola’s annual Founders’ Dinner on the university’s Lake Shore campus in Rogers Park.

The $40 million gift is the largest gift ever given to Loyola University Chicago by an alumnus, the second largest gift ever given to the university, and the largest gift ever given to the business school, a release from Loyola said.