In 1890, when advanced education was often reserved for society’s elite, Chicago minister Frank Wakely Gunsaulus delivered what came to be known as the “Million Dollar Sermon.” From the pulpit of his South Side church, near the site Illinois Institute of Technology now occupies, Gunsaulus said that with a million dollars he could build a school where students of all backgrounds could prepare for meaningful roles in a changing industrial society. llinois Institute of Technology is a private, technology-focused, research university offering undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law. One of 21 institutions that comprise the Association of Independent Technological Universities (AITU), IIT offers exceptional preparation for professions that require technological sophistication, an innovative mindset, and an entrepreneurial spirit.