The Marshall Bennett Institute of Real Estate (MBIRE) announced several significant scholarship funds and internship initiatives for its students during the 18th annual Real Estate Gala on Nov. 7 held at the Four Seasons Hotel in Chicago.
Acknowledging the importance of internships for the development of student professional experience and supporting pathways to entry-level job opportunities, the Institute announced that it will guarantee a summer internship for all rising senior real estate majors at the university with a minimum of a 3.0 grade point average. This program also will work with rising juniors declared as real estate majors to identify internship opportunities.
The scholarship funds include the new Louis and Ruth Kahnweiler Scholarship Fund established with a $1 million donation. This scholarship is targeted to provide financial support for students in the institute’s undergraduate real estate major in bachelor of science in business administration degree program. The grant will provide up to $20,000 for juniors and seniors with a 3.0 or above grade point average.
Also announced were the expansion of scholarship funds from three existing programs: The Duke DREAM Fund, McCaffery Interests Inc., Fund and the Northern Builders Future Leaders in Industrial Real Estate Fund have been expanded to provide scholarships for undergraduate real estate majors, starting in their junior year at Roosevelt. These funds will also require a minimum GPA of 3.0.
Also announced at the gala was a $500,000 grant from The Bennett Family Foundation in honor of the late Marshall Bennett, co-founder of the Institution in recognition of his love and dedication to the institute.
“We are grateful for the generosity, support and engagement of these leading companies and their leadership,” says Collete English Dixon, executive director, MBIRE. “We are excited about the opportunities which enable our students to obtain a top education in real estate and garner real world experience that will give them distinct advantages as they advance their careers in the industry.”
The gala is one of the premier real estate networking events of the year in Chicago with more than 400 top industry leaders in attendance. All proceeds benefit the student and industry education programs of the Marshall Bennett Institute of Real Estate in the Heller College of Business at Roosevelt University.
In addition to the internship program scholarship fund announcements, Gerald W. Fogelson, CEO of the Fogelson Group of Companies, chairman of Central Station Development Corp. and co-founder of the Marshall Bennett Institute of Real Estate was presented with the Visionary Award.