$50 Million for Low-Income U. of C. Students
By Ken Hare
Chicago Defender Staff Writer
The University of Chicago has pledged $100 million towards low-income students who attend the prestigious university. Through the generosity of venture capatailist, Sir Michael Moritz and writer, Hariet Heyman, who have donated $50 million of their own money, say they are staunch believers in education. The donation comes years after the university publicly pledged in 2012 to do more to assist minority students.
Heyman, who is the former editor at the New York Times grew up in South Shore and is a product of Chicago Public Schools. “Coming of age during the Depression, my parents didn’t go to college. It meant a lot to them that I was able to get a good education,” said Heyman, who graduated from the U. of C. in 1972. “At that time, public schools provided a great foundation. And my parents, like many middle-class families then, could afford to send me to college. That is hardly the case for students from low-income families.”
Heyman and Moritz have challenged the university to raise an additional $50 million from alumni and donors to meet its promise of $100 million.