The newly-renamed school announced a $100 million gift yesterday from J.B. and M.K. Pritzker. The funds will be put to a variety of purposes. A major purpose of the gift is to provide scholarships for students to attend Northwestern Pritzker. The funds will also support several social justice centers at the school and will permanently endow Northwestern's entrepreneurship law center, which was renamed in honor of J.B.'s father Donald Pritzker. Finally, the gift also will go towards endeavors to develop students’ entrepreneurial skills and to advance law-business-technology initiatives, including the Master of Science in Law program. Dean Dan Rodriguez said, "Not a cent of this gift goes to bricks or mortar or buildings. The point of this gift is that all of it goes to the efforts to enhance our educational opportunities for our students."
Members of the Pritzker family are noted philanthropists, both in Chicago and nationally. Students of Business Organizations (past and present) are familiar with the efforts of J.B.'s uncle Jay to purchase TransUnion, which led to Smith v. Van Gorkom and then DGCL § 102(b)(7). Congrats to Northwestern for this very generous donation.