Alumni Make Major Gift to Notre Dame

Posted: Updated:
SOUTH BEND -

The University of Notre Dame is joining with two of its alumni to contribute a total of $50 million to support the university and the Congregation of Holy Cross, Notre Dame's founding religious community. The gift from the university and Mary and Jay Flaherty will, among other things, support ongoing work on Corby Hall on the South Bend campus.

Notre Dame says the $50 million gift will be split in three ways:

  • The Flahertys are donating $20 million and Notre Dame is adding $10 million for the reconstruction and ongoing maintenance of Corby Hall, which serves as an on-campus residence hall and center of hospitality for the Holy Cross community.
  • The Flahertys are making an additional $5 million gift to the congregation "to benefit its aging religious," according to the university.
  • Notre Dame will donate $15 million to the congregation. $10 million will go toward general needs and $5 million will establish an endowment in the university's Office of Mission Engagement and Church Affairs.

Jay and Mary Flaherty are both 1979 graduates of Notre Dame. The university recently dedicated Flaherty Hall, named after Mary Flaherty, who donated $20 million for the construction of the residence hall. Jay Flaherty serves on the university's board of trustees.

"The generosity, vision and love for Notre Dame shown by Mary and Jay over the years, not just through benefaction, but in myriad other ways, is extraordinary," said Rev. John Jenkins, president of Notre Dame. “We celebrated this wonderful gift with Jay’s fellow Trustees at our Board meeting in mid-October, and I’m pleased now to publicly thank and recognize them for their outstanding leadership. They have our never-ending gratitude.”

Notre Dame says the Flahertys have made a number of additional contributions to the university over the years, including support for student financial aid, an endowed professorship in psychology and the Hesburgh Library.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Construction to Begin on $15M Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.

    • hc1 Goes High-Tech in Opioid Battle

      An Indiana healthcare tech company is bringing artificial intelligence and machine learning to the battle against the opioid epidemic. Indianapolis-based hc1.com has unveiled its Opioid Dashboard, designed to organize data that was previously disconnected and use it to fight opioid misuse, abuse and addiction. Saying "you can't manage what you can't measure," Chief Executive Officer Brad Bostic adds the platform can help government agencies and healthcare providers...