DeKALB – For providing financial assistance to a diverse group of Northern Illinois University undergraduates hoping to finish their education, the CME Group Foundation received the NIU Foundation’s High Impact Philanthropy Award this year.
The decision was motivated by a $500,000 grant the CME foundation offered to NIU for scholarship support to 13 Pell Grant-eligible students. These undergrads are all from area community colleges, come from under-represented minorities and are interested in pursing careers in finance, according to a news release.
Catherine Squires, president and CEO of the NIU Foundation, said that CME Group Foundation’s example “provides an inspiration for other funders and foundations to determine how best they too can make a difference in helping students become a part of their future workforce.”
Kassie Davis, executive director of the CME foundation, said in a news release the commitment stems from the organization’s “focus on supporting education from cradle to career.”
“As the price of college increases, putting it out of the reach of many students, we thought this would be the best use of our resources,” Davis said in the release. “We also want to include as many CME Group Foundation scholars in the company’s summer intern program as are interested.”
The foundation will be recognized Nov. 18 at the NIU Foundation Red and Black Gala, the university’s signature fundraising event dedicated to raising money for scholarships. The event will be held at Drury Lane in Oakbrook Terrace.
Also receiving recognition during the gala will be NIU alumna Marguerite Key, who has spent half a century in education and will be receiving the Lifetime Achievement Award for Philanthropy for her service.
“Her generous philanthropy has helped ensure that NIU remains the ‘go-to’ institution for educational leadership preparation,” Squires said in a release. “She has turned her life-long commitment to professional, ethical leadership in schools and school districts into a legacy of impact at NIU.”
She taught at NIU from 1947 to ’51, working with teachers in rural districts and one-room schoolhouses. Her latest legacy is the Marguerite F. Key Fellows program, which will select preschool, elementary and secondary school leaders from across northern Illinois to participate in an annual conference on the NIU campus.
To donate to the foundation, visit niufoundation.org/give.
To make a gift toward scholarship support, choose the “Student Scholarships” option.