Loyola University receives $5.2 million gift

Posted: 3:12 pm Wed, October 19, 2011
By Daily Record Staff

Loyola University Maryland, a Jesuit-run, Catholic university in Baltimore, announced it received a $5.2 million gift from H. Edward “Ed” Hanway, current chair of its Board of Trustees, and his wife, Ellen.

The gift, which university officials said is the largest from an individual in Loyola’s history, will support a number of key university initiatives, including its global studies program, York Road Initiative, and living-learning communities for first-year students, as well as create a new, endowed, full-tuition scholarship.

Ed Hanway, who graduated from then-Loyola College of Baltimore in 1974, is the retired CEO of Philadelphia-based health insurer Cigna Corp.