Fundraising Friday: $2.5M Gift Jumpstarts DePaul's Basketball Practice Facility

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Ab24 Fundraising Friday

Welcome to Fundraising Friday, AB Today's weekly digest of recent developments in development.

DePaul University on Monday announced a $2.5 million donation from Board of Trustees member Jennifer Steans, president and CEO of Financial Investments Corporation, and James Kastenholz, CEO of Kastenholz Construction Services. The couple's gift is initiating funding for a new, state-of-the-art basketball practice facility being planned on DePaul’s Lincoln Park Campus in Chicago. According to the university's announcement, the athletics facility will feature an exterior brick facade that mirrors the aesthetic of the Lincoln Park neighborhood and a pitched roof that pays homage to DePaul’s former Lincoln Park arena, Alumni Hall, where the Blue Demon men’s basketball team won nearly 300 games from 1956 to1980.

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