HYLAND FAMILY BUSINESS LAUNCHES NEW ENDOWMENT FUND
Family Aims to Pay Forward the Gift of a Catholic Education to Generations to Come
(Louisville, Ky.) – The Catholic Education Foundation of Louisville (the “Foundation”) today announced the latest addition to its growing endowment fund that will further the mission of the organization.
The Hyland families, along with their family-owned business, Hyland Insurance, recently founded a new permanent endowment fund at the Foundation in memory of Bill and Rosemary Hyland. Earnings from the fund will be used exclusively to provide tuition assistance to Catholic elementary students in the Archdiocese of Louisville.
The Hyland family has benefitted from Catholic education for many years. Bill and Rosemary Hyland both attended Catholic schools. Bill attended both St. Benedict and St. Elizabeth grade schools and St. Xavier High School, while Rosemary attended Christ the King grade school and Loretto High School. They had seven children who attended St. Matthias grade school and DeSales, Bishop David, and Angela Merici high schools. As the Hyland family moved into the next generations, many different grade schools and high schools served the family, including every Catholic high school in the Louisville area.
Business founder Tim Hyland remarked, “Putting seven children through Catholic grade school and high school was no easy feat for our parents, but they made the sacrifices to ensure my brothers and sisters had access to a Catholic education. The incredible legacy they established has been carried forward by each generation that followed and we are so blessed to partner with the Catholic Education Foundation to ensure that more needy families will get this life-changing opportunity for their children.”
Tim’s son and company President Terry Hyland remarked, “Generations of our family are indebted to Catholic education. We were inspired by another local family-owned business who recently started an endowment and we thought there is no better way to pay forward the gift of a Catholic education. This tribute to our grandparents is very meaningful to our entire extended family, and it is our hope that this new fund will forever empower many needy children in this community to attend a Catholic school.”
Foundation President Richard A. Lechleiter exclaimed, “How awesome it is that a successful, family-owned Hyland Insurance recognizes the value of a Catholic education and its importance to their family and the community! Thanks to the Hyland family, this extremely generous gift gives us even more confidence to say, ‘The Answer is Yes!’ to everyone who needs us. We are indeed grateful to Tim, Terry, the entire extended Hyland family and everyone at Hyland Insurance for this wonderful gift!”
Tim also expressed his hope that this new fund will inspire other local businesses to establish their own endowments at the Foundation. “I know that there are many companies in this community just like ours that wouldn’t be as successful as they are if it weren’t for Catholic school graduates serving in key leadership roles within those organizations. I would encourage other business owners to consider establishing an endowment at the Catholic Education Foundation – we are confident our investment will yield positive results for generations to come!”
Foundation Director of Development Kevin Woodward commented, “This is the twelfth permanent endowment added to the Foundation in the past couple of years! More families are choosing this kind of gift as a way to give back to the community for generations to come – how exciting for our young students!”
For more information on endowments, contact Kevin Woodward at 502.585.2747 or kwoodward@ceflou.org.
About the Catholic Education Foundation and Catholic Schools
For over 200 years, Catholic schools have contributed significantly to the social, spiritual and economic fabric of our community. The Catholic Education Foundation is a 501(c)(3) not-for-profit organization dedicated to the growth and vitality of Catholic education in the Archdiocese of Louisville. Since 1999, the Foundation has awarded over $37 million in support of Catholic education.
For the 2019/2020 school year, the Foundation and its funding partners – the Archdiocese of Louisville, the 40 Catholic elementary schools in central Kentucky, School Choice Scholarships of Kentucky and Community Catholic Center – awarded tuition assistance to an all-time high 3,250 Catholic elementary school students in central Kentucky with grants aggregating a record $6.5 million.
The Archdiocese of Louisville sponsors 40 elementary schools with 12,800 students and nine high schools with 5,900 students across central Kentucky. Visit the Foundation at www.ceflou.org.
