Nicaela Garaygay Named Inaugural Recipient of the Hylant Risk Management & Insurance Endowed Scholarship

Toledo, OH January 16, 2024 – The Hylant Family Foundation is proud to announce the inaugural recipient of the Hylant Risk Management & Insurance Endowed Scholarship at Butler University, Nicaela Garaygay. This scholarship revolves around fostering the growth of talented individuals passionate about making a mark in the risk management and insurance industry. Selected through a meticulous evaluation process by the university, the inaugural recipient embodies the dedication, promise, and academic excellence this distinguished scholarship aims to nurture.

"We are thrilled to announce Nicaela Garaygay as the first-ever recipient of the Hylant Risk Management & Insurance Endowed Scholarship," said Richard Hylant, Chief Insurance Officer. "We are confident that Nicaela will make significant contributions not only within Butler’s academic community but also in the broader business landscape."

The Hylant Family Foundation established this scholarship, as part of a $1 million partnership with the Andre B. Lacy School of Business at Butler University, to support students pursuing their education in risk management and insurance.

"The Hylant Risk Management & Insurance Endowed Scholarship represents one of our many commitments to cultivating the next generation of leaders in the risk management and insurance field," stated Craig Caldwell, Dean of Butler University’s Andre B. Lacy School of Business. "Our collaboration with Hylant underscores our shared vision of empowering promising students who demonstrate both academic excellence and financial need."

The scholarship, without a formal application process, signifies an approach to identifying and supporting talented students within the risk management and insurance program. Based on the student's eligibility and financial need, the scholarship aims to reduce barriers and provide critical support to deserving individuals pursuing excellence in this specialized field of study.

"It is an absolute honor to be named the first recipient of the Hylant Family Foundation Scholarship,” said Garaygay. “This investment puts me one step closer to achieving my academic and professional goals by alleviating financial barriers. It is my dream to be of service to others through this industry. However, it is more than just financial support. This gift has shown me that my efforts are not only noticed but also valued. I am encouraged to keep working hard and am hopeful for the opportunities it will bring other students. I am inspired by the trust and belief placed in me, and I am beyond grateful for the support from the Hylant Family Foundation and Butler University."

The Hylant Risk Management & Insurance Endowed Scholarship represents a milestone in supporting deserving students without traditional application barriers, symbolizing a collaborative effort between academia and industry to nurture talent and innovation within the field.