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The Hylant Family Foundation said Monday it has committed $1 million to Butler University to support students in the Davey Risk Management and Insurance program in a new partnership with the Andre B. Lacy School of Business.
Most of the gift will be used to create an endowed scholarship for students majoring in risk management and insurance. The remaining $250,000 will be used to create a programmatic support fund for students with financial needs in the Davey Risk Management and Insurance program, the foundation said in a statement.
The Hylant Risk Management and Insurance Endowed Scholarship will be awarded starting in the next academic year.
The programmatic support fund will be used to assist students with expenses related to traveling to conferences, pursuing professional designations in the industry, and paying membership dues for professional organizations or Gamma Iota Sigma, a collegiate professional fraternity for students studying risk management, insurance and actuarial science.
Butler’s Davey Risk Management and Insurance program is one of only 58 in the country, according to the statement.