Endowed gifts make amazing things possible at Barry University.
Behind each endowed gift is a personal motivation, whether it be to show gratitude for the Barry education received, to honor a loved one or a favorite professor or to create a program that will make the world better and leave a legacy.
These gifts are able to do so much good because they exist in perpetuity. The gift is invested, but the principal remains untouched and a percentage of the interest income is spent each year. In this way, they enable Barry to better plan for the future, adding stability as economic changes occur.
At Barry, endowed funds primarily support students, faculty excellence and innovative programs. Donors may use either outright or deferred (planned) gifts to establish named endowed funds.
The majority of Barry’s current endowed funds support scholarships, thanks to caring donors like Luigi Salvaneschi, who knows firsthand the transformative power of education.
After growing up the son of hard-working peasant farmers in northern Italy, he knew education was his way out of poverty. He earned his Ph.D. in canonical law and taught at universities in Italy and Egypt. He later moved to Chicago and turned to business endeavors, including playing an integral role in McDonalds’ international expansion.
After he retired, Salvaneschi taught in Barry’s Andreas School of Business and emphasized the value of liberal arts skills as essential for well-rounded leaders and entrepreneurs. With admiration for the way Barry inspired students to make a positive difference in society, he established the Luigi Salvaneschi Endowed Scholarship. The scholarship empowers young people like Salvaneschi: first generation college students with financial need who aspire to teach.