Loyola University New Orleans Receives More Than $6 Million for Scholarships

Loyola University New Orleans has announced gifts totaling more than $6 million from the Gayle and Tom Benson Charitable Foundation and the Patrick F. Taylor Foundation in support of need-based scholarships.

The Benson Charitable Foundation pledged $5 million over five years to the school — $4 million to establish the Tom and Gayle Benson Endowed Scholarship Fund and $1 million for scholarships to be awarded immediately. The Benson Endowed Scholarship Fund will support sophomores, juniors, and seniors who have a minimum GPA of 3.0 and are in financial need. "Gayle and I are proud to make this gift to Loyola University," said Tom Benson, who owns the New Orleans Saints football team. "It speaks to the dedication of this great university to prepare students for life ahead, not only through the classroom, but also through their Catholic faith and community service."

The Benson Charitable Foundation pledged $5 million over five years to the school — $4 million to establish the Tom and Gayle Benson Endowed Scholarship Fund and $1 million for scholarships to be awarded immediately. The Benson Endowed Scholarship Fund will support sophomores, juniors, and seniors who have a minimum GPA of 3.0 and are in financial need. "Gayle and I are proud to make this gift available to Loyola University," said Tom Benson, who owns the New Orleans Saints football team. "It speaks to the dedication of this great university to prepare students for life ahead, not only through the classroom, but also through their Catholic faith and community service."

The Taylor Foundation's $1.26 million grant will be used to provide annual scholarships of $15,000 over the next twelve years to first-generation college students from Louisiana. Recipients of the scholarships — to be awarded starting this fall — will be required to carry a class schedule of at least fifteen hours per semester and maintain a 2.3 GPA after the first year and a 2.5 GPA each subsequent year. "These scholarships will significantly benefit Louisiana students who are the very first in their family to have an opportunity to attend a university," said Phyllis M. Taylor, president and board chair of the Taylor Foundation. "It will also assist in helping to provide an educated workforce to face the needs of tomorrow."

"One of our goals as a Jesuit university is to make a Loyola education accessible to all talented and hardworking students," said Loyola University president Kevin William Wildes. "In the face of rising tuition costs nationwide, Loyola has renewed its commitment to increasing need-based scholarships, and private donor support such as these generous gifts enable us to enroll the best students regardless of their economic standing."

"Loyola Receives More Than $6 Million in Scholarship Support From Foundations." Loyola University New Orleans Press Release 04/09/2013.