Loyola receives $1 million gift from Baltimore real estate developer for new scholarship fund
Loyola University Maryland has received a $1 million gift from Carl Julio to create the Carl T. Julio Scholarship for undergraduate students.
The scholarships will benefit one or more undergraduate students who demonstrate financial need and show an interest in Italian culture and heritage and/or have at least one parent of Italian descent.
“I believe education has the power to transform lives and change communities,” Julio said.
Julio is a Baltimore-area real estate developer who grew up in the Pimlico neighborhood of Baltimore City. He is the president of Apartment Services Inc., which owns and operates 40 apartment and townhome rental communities throughout central and northern Maryland and southern Pennsylvania, as well as The Home Sales Company, a developer of single-family homes. In addition to these ventures, Julio has also participated in the development and management of many large-scale properties throughout the Baltimore area, including numerous hotels and office complexes.
Julio’s father, a stonemason who worked on Beatty Hall on Loyola’s Evergreen campus in the 1930s, inspired Julio’s commitment to Loyola and Jesuit education. The family’s support of Loyola’s Decade of Decision campaign in the 1980s made possible the construction of the Julio Fine Arts Center, home to the university’s art studios, rehearsal and practice rooms, theaters, and photography facilities. In addition, dozens of students have enjoyed the Julio family’s support through an endowed scholarship fund named for Theodore.
Loyola awarded Julio the President’s Medal in 2009 for his continued support of the University.
“We are so fortunate that Mr. Julio’s incredible generosity is continuing the legacy of support from the Julio family,” said Rev. Brian F. Linnane, S.J., president of Loyola. “His substantial gift will be instrumental as we broaden our commitment to ensuring a diverse group of the nation’s brightest students have access to a Loyola education regardless of financial need.”
Julio and his wife, Anne, are the parents of Lawrence, ’84, MBA ’87, and Jacqueline Julio Campbell, who also attended Loyola. Lawrence Julio now runs the family real estate development business, and his father credits his son’s Loyola education for his excellent leadership and business acumen. Julio’s granddaughter, Ava, is currently a junior at Loyola.
When the Carl T. Julio Scholarship will first become available, the number awarded, and dollar amount per scholarship will be determined at a later date.
With Julio’s gift included in Loyola’s $100 million Bright Minds, Bold Hearts comprehensive campaign for strategic academic, service, and experiential programs and initiatives at the University, the total raised to date is more than $83 million.