Inspired by his recent visit to Northern Michigan University, where he earned a bachelor’s degree in communications in 1975, Starbucks chairman emeritus and former CEO Howard Schultz and his wife, Sheri Kersch-Schultz, have announced a $1 million gift to NMU through their Schultz Family Foundation.
The funding will support scholarships for first-generation students and Wildcat athletics initiatives to promote student-athlete success.
Schultz was a first-generation student when he enrolled at NMU on a football scholarship. Growing up in a housing project in Brooklyn, New York, and witnessing his parents’ struggles were meaningful motivators for his career achievements following graduation, and for his family’s philanthropic commitment.
“Northern Michigan University transformed a young man from humble beginnings into a confident and ambitious entrepreneur,” Schultz said. “The entire NMU community shaped who I am today and inspired me to create a company and global brand that prioritizes its people. These values were instilled in me throughout my life, particularly during my time at Northern. I hope this gift inspires the next generation to achieve remarkable things while along the way taking care of the people and communities that took care of them.”
NMU President Brock Tessman invited a small group of NMU alumni and friends to campus in October to learn more about the university’s new strategic plan, Our Compass.
During his visit, Schultz hosted a “fireside chat” with students to share his NMU experience, address topics such as leadership and entrepreneurship, and respond to questions.