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Press Release

Hylant Family Foundation Makes $1 Million Commitment to Butler University’s Andre B. Lacy School of Business

Helping build future leaders in the insurance & risk management industry

February 14, 2023

Toledo, OH February 13, 2023 – The Hylant Family Foundation has committed $1 million to Butler University to support students studying 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 in the Davey Risk Management and Insurance program.

“The Hylant family is passionate about developing future leaders in the insurance and risk management industry. Establishing an endowed scholarship program at one of the country's best risk management and insurance programs is an ideal way to accomplish that Hylant mission,” Richard Hylant said on behalf of the Hylant Family Foundation.

The Hylant Risk Management and Insurance Endowed Scholarship will begin awarding next academic year and will exist in perpetuity at Butler. The scholarship will be awarded to students with financial needs majoring in risk management and insurance. By establishing this scholarship, the Hylant family is nurturing the future of the industry and its leaders.

“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,” Craig Caldwell, Dean of the Lacy School of Business, said. “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 program.”

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. These professional development opportunities enhance the career readiness of students graduating from the Lacy School of Business.

As a large portion of the insurance industry’s workforce approaches retirement, the Lacy School of Business is committed to developing a talent pipeline and providing access to a meaningful career in the industry for students of all backgrounds. As one of only 58 risk and insurance programs in the country, Butler’s Davey Risk Management and Insurance program has a 100%placement rate.

“Hylant is honored to embark on this new partnership with Butler to support the demands of a quickly evolving risk management environment for our customers and partners,” Dave Norris, Hylant’s CEO of Emerging Markets, said. “Supporting and empowering the career development of all Davey Risk Management and Insurance students will position them for great success as the next generation of leaders in our industry.”


Butler University is a nationally recognized comprehensive university encompassing six colleges: Arts, Business, Communication, Education, Liberal Arts & Sciences, and Pharmacy & Health Sciences. Approximately 4,500 undergraduate and 1,000 graduate students are enrolled at Butler, representing 46 states and 24 countries. More than 75 percent of Butler students will participate in some form of internship, and Butler students have had significant success after graduation, as demonstrated by the University’s 99 percent placement rate within six months of graduation. The University was recently listed as the No. 1 regional university in the Midwest, according to the U.S. News & World Report Best Colleges Rankings, in addition to being included in The Princeton Review’s annual “best colleges” guidebook.