The University received another major gift for the To See Great Wonders capital campaign, this one for $1 million from the Jacob G. Schmidlapp Trust.
One half of the grant is to go toward funding the new Williams College of Business building, with the other half going to increase the value of the Jacob G. Schmidlapp Endowed Scholarship Fund. Established with a grant of $100,000 in 1977, the grant benefits undergraduate students in pre-medicine or nursing and graduate students in health services administration. The money designated for scholarships is being issued as a challenge grant designed to motivate increased giving from others. The grant will be awarded after Xavier raises an additional $500,000 in scholarships, which is expected to be achieved by fall 2008.