The Hylant Family Foundation has committed US$1 million to Butler University to create an endowed scholarship for students majoring in risk management and insurance.
The initiative will support students studying in the Davey Risk Management and Insurance programme, in a new partnership with Andre B. Lacy School of Business.
The majority of the gift will be used to create an endowed scholarship for students, while the remaining US$250,000 will be used to create a programmatic support fund for students in the Davey Risk Management and Insurance Programme.
The Hylant Family Foundation is the non-profit affiliation of Hylant, one of the largest privately held insurance brokerages in the country.
The Hylant Risk Management and Insurance Endowed Scholarship will begin awarding next academic year and will exist in perpetuity at Butler.
The scholarship was established in an effort to develop future leaders in keeping with the Hylant family’s commitment to nurturing sustainability, growth and innovation in the risk management and insurance industry.
As a large portion of the insurance industry’s workforce approaches retirement, the Lacy School of Business says it is committed to developing a talent pipeline and providing access to a meaningful career in the industry for students of all backgrounds.
Headquartered in Toledo, Ohio, Hylant has been family owned since its founding in 1935 and now includes 20 offices in eight states.
Craig Caldwell, dean of the Lacy School of Business, says: “On behalf of the Lacy School of Business, I am extremely grateful to the Hylant family for their thoughtful investment in the lives of current and future Butler students who will benefit from this generous gift.
“This gift will not only increase access to a Butler education for students interested in pursuing a career in the insurance industry, but will also provide support for meaningful career development opportunities outside the classroom for all students in the programme.”
On behalf of the Hylant Family Foundation, Richard Hylant adds: “The Hylant family is passionate about developing future leaders in the insurance and risk management industry. Establishing an endowed scholarship programme at one of the country’s best risk management and insurance programmes is an ideal way to accomplish that Hylant mission.”
