Loyola University New Orleans Receives $10 Million Gift

Loyola University New Orleans Receives $10 Million Gift

Loyola University New Orleans has announced a $10 million gift from the estate of longtime staffer Maedell Hoover Braud to endow new scholarship funds for undergraduates and law students.

Part of the university's $100 million Faith in the Future campaign, the gift will establish the Murphy-Braud Scholarship Endowment Funds at Loyola. Named for Hoover Braud's late husband's family, the gift will create separate $5 million scholarship endowments for undergraduates and law students. The scholarships will be awarded based on students' financial need and academic qualifications starting in the fall of 2019.

A lifelong resident of New Orleans, Braud spent her entire career, from 1948 until her retirement in 1980, as administrative assistant to Loyola's dean of the arts and sciences. In 1971, the university honored Braud for her service and awarded her an honorary master's of education in administration. In recognition of her longtime support for the school, she was inducted into the Lifetime Giving Society of St. Ignatius. Braud was married to the late Sidney Francis Braud, grandson of John Henry Murphy, who held a valuable patent on sugar cane refining machinery, owned and operated a large boiler factory on Magazine Street, and served as president of the New Orleans Public Belt Railroad for more than twenty years.

"Maedell Hoover Braud brought nearly a lifetime of blessings to Loyola, where our motto is 'men and women with and for others'. Her generosity of spirit, loving nature, and commitment to service have always been evident through her work here on campus and her many good works throughout the community," said Loyola president Rev. Kevin Wildes. "With this final legacy gift to Loyola, Maedell Hoover Braud has ensured scholarships for undergraduate and law students that will be enjoyed for generations. Our entire community is grateful for her generosity and her longstanding belief in and support of Loyola."

"Loyola University New Orleans Celebrates $10 Million Gift." Loyola University New Orleans Press Release 12/04/2017.