For Immediate Release Contact: Director, Public Relations (909) 621-8219 nina_mason@pitzer.edu Pitzer College Receives $2.5 Million Gift for Scholarships Claremont, Calif. -- Nov. 26, 2001 -- Pitzer College has received $2.5 million from Susan and Nicholas Pritzker of Chicago to establish a scholarship fund that will help the College recruit talented students who could not otherwise afford a private liberal-arts education, President Marilyn Chapin Massey announced recently. The gift will enable Pitzer to establish the Pritzker Scholarship Enhancement Fund, an endowment gift whose earnings may provide as many as 60 scholarships a year. "A dynamic, inclusive and passionate student body is one of Pitzer's greatest strengths," said President Massey in announcing the gift. "But each year the College loses some of its best student prospects because their financial need exceeds our scholarship funds. The Pritzker Fund will have an enormous impact on our ability to recruit the students who will benefit most from a Pitzer education." Founded in 1963, Pitzer College is a nationally ranked undergraduate college of the liberal arts and sciences. A member of The Claremont Colleges, Pitzer offers a distinctive approach to a liberal education by linking intellectual inquiry with interdisciplinary studies, cultural immersion, social responsibility and community involvement. The Pritzkers became involved with Pitzer College while their son, Joseph, was a student. He graduated in 1993. Mr. Pritzker is president of Hyatt Development Corp. Mrs. Pritzker, a Pitzer College trustee since 1990, currently chairs the Board of Trustees. She has been active in the arts, education, civil rights and women's issues for most of her life. "We hope that the establishment of the Pritzker Scholarship Enhancement Fund will encourage the philanthropy of others," Mrs. Pritzker said. "We are deeply committed to Pitzer College and to enhancing its ability to provide broad access to deserving students, regardless of their financial need." Last April, Pitzer College launched the public phase of its first comprehensive fund-raising effort, The Campaign for Pitzer College. With a goal of raising $40 million by 2004, the Campaign seeks to increase the endowment ($20 million), build the annual fund ($8 million) and expand philanthropic support of innovative projects and programs ($12 million). The funding priorities for the Campaign include "Increasing Access for a Diverse Student Population"; "Invigorating the Residential and Intellectual Community"; "Attracting and Honoring a Remarkable Faculty"; and "Providing the Tools for Effective Teaching, Learning and Collaboration." #####