Roosevelt University Receives $25 Million Bequest

Roosevelt University Receives $25 Million Bequest

in Chicago has announced a bequest of approximately $25 million from the estates of Rosaline Cohn and her daughter, Marcia Cohn, in support of scholarships.

The largest gift in the university's history will endow a fund that awards approximately $1.2 million in scholarships annually. Rosaline Cohn died in 2010 at the age of 97; Marcia Cohn died last year.

Rosaline Cohn's late husband, Jacob, began selling and delivering coffee to restaurants in 1915 and later founded the Continental Coffee Company. After his death in 1968, his sons Alvin and Robert expanded the firm to include grocery products and frozen foods. The firm was renamed CFS Continental in 1970 when it went public. Fourteen years later, it was sold to A.E. Staley for $353 million. In 1945, Jacob Cohn gave $200 to Roosevelt, just three months after the new college opened. He then made annual gifts of $100 until 1957, when he increased his contributions to $500 a year.

"This magnificent gift will be used to support student scholarships, in accordance with Mrs. Rosaline Cohn's wishes," said Roosevelt University president Ali Malekzadeh. "Mrs. Cohn believed in the transformative nature of higher education. She was a longtime friend and supporter of Roosevelt University and for several decades has helped Roosevelt students through the Jacob and Rosaline Cohn Scholarship Fund."

"." Roosevelt University Press Release 12/02/2016.