The Catholic Education Foundation of Louisville announced June 4 a new endowment 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 in memory of Bill and Rosemary Hyland.
Earnings from the Hyland Family Endowment Fund will be used exclusively to provide tuition assistance to Catholic elementary students in the Archdiocese of Louisville, according to a news release from the CEF.
Bill and Rosemary Hyland both attended Catholic schools in the Archdiocese of Louisville. Bill attended both St. Benedict and St. Elizabeth schools as well as St. Xavier High School. Rosemary Hyland attended Christ the King School and Loretto High School. They had seven children who also attended various Catholic schools in Louisville.
Tim Hyland, founder of Hyland Insurance, said putting seven children through Catholic elementary and high schools was “no easy feat” for his parents.
“But they made the sacrifices to ensure my brothers and sisters had access to a Catholic education,” he said.
Terry Hyland, Tim’s son and company president, said generations of his family are indebted to Catholic education and called the endowment a “tribute to our grandparents.”
“We thought there is no better way to pay forward the gift of a Catholic education,” he said. “It is our hope that this new fund will forever empower many needy children in this community to attend a Catholic school.”
Tim Hyland also expressed his hope that this new fund will inspire other local business owners to establish their own endowment at CEF.
This is the 12th permanent endowment the CEF has added in the past couple of years. Since 1999, the foundation has awarded more than $37 million in support of Catholic education. For more information on endowments, contact Kevin Woodward at 585-2747 or firstname.lastname@example.org.