Trustee Tom Schoewe and family make investment in Arrupe College

Loyola University Chicago is proud to announce a gift of $1 million from Tom (BBA ’74) and Karen Schoewe to Loyola University Chicago, underscoring their commitment to supporting the educational journey of Arrupe College students.

This investment will offer Arrupe College students and graduates essential scholarship funding and enhanced resources to support their pursuit of bachelor’s degrees at Loyola University Chicago. In addition to increasing access to undergraduate education, Tom and Karen’s gifts for Arrupe hardship funding and housing support will help minimize common, unforeseen disruptions that can negatively impact degree completion.

The Schoewe’s support follows a recent gift of $100,000 from General Motors, made in honor of Mr. Schoewe’s exemplary service and retirement from their board of directors. General Motors’ gift supports the acquisition of state-of-the-art laboratory equipment and supplies for the STEM Lab in Arrupe College, enhancing educational opportunities for students in STEM fields. Together, these generous gifts advance Tom and Karen Schoewe’s dedication to educational access and excellence for all.

About Tom and Karen Schoewe

Thomas M. Schoewe was the Chief Financial Officer and Executive Vice President of Walmart Stores, Inc. until January 2011. Prior to Wal-Mart, he was the Chief Financial Officer at Black & Decker. His recent retirement from the General Motors board concludes 14 years of service. Tom also served on the board of KKR and currently serves on the board of Northrup Grumman. He attended Loyola University Chicago, where he graduated with a Bachelor of Business Administration degree in finance, and now serves as a member of its board of trustees.

Karen Schoewe worked post-graduation from Northern Illinois University as a paralegal before leaving the workforce to concentrate on raising their family. She served as vice-president on the board of the First Tee of Northwest Arkansas for several years. Currently, she is working as a board member and event planner for an annual collectors’ convention. Tom and Karen Schoewe grew up together in St. Charles, Illinois, where they met.