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Loyola receives $1 million gift for improvements to Reitz Arena

Loyola has received a $1 million gift to be used for improvements to Reitz Arena.

The donation from Jim Forbes, a 1980 Loyola grad, and his wife Hollis, will be used for enhanced scoreboards and new signage through the Greyhounds’ basketball and volleyball facility. The basketball court will ultimately be named Forbes Court.

“I am extraordinarily grateful for the Forbeses’ generosity, which will play a pivotal role in our overall progress as we work to achieve critical goals for athletics in the University’s strategic plan,” Loyola president Rev. Brian F. Linnane, S.J., said in a news release. “For members of the Loyola community and our neighbors throughout the Baltimore area, improvements to Reitz Arena will greatly enhance their experience as fans of the Greyhounds and strengthen their connection to the University, the unique opportunities we offer, and the spirit we foster on campus.”

The Forbes’ also pledged $100,000 to Loyola’s Sellinger School of Business and Management.

“I wanted to make a significant contribution because I really believe in giving back,” Jim Forbes, now the Vice Chairman for UBS Group, Americas in New York City, said in a news release. “My Loyola education has had a major positive impact on my career.”

Said Loyola athletic director Jim Paquette: “We are very grateful for this considerable gift by our longtime supporters Jim and Hollis Forbes. Their generosity will provide Loyola the opportunity to substantially improve what is already a great venue for college athletics, and make Reitz a compelling draw for the talented recruits who are sought by our coaches."


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