Loyola University Maryland Receives $10M Gift to Advance Nursing and Risk Management Education

Loyola University Maryland has received a $10 million donation from Ellen and H. Edward Hanway, a Loyola alumnus and former insurance industry executive. This contribution ranks as the second largest in the university's history and will fund the renovation and expansion of the Donnelly Science Center, development of the Loyola Nursing Leadership Scholars program, and support for risk management education. The Hanways have a longstanding philanthropic relationship with Loyola, with past gifts funding innovation centers, global studies programs, and faculty research initiatives. The current gift supports the university's strategic plan by enhancing health and STEM education, including expanding nursing offerings in partnership with Mercy Medical Center. The renovation project of the Donnelly Science Center will provide modern facilities by Spring 2027, incorporating Loyola's new Bachelor of Science in Nursing program launched in 2025. Significantly, the donation enables the introduction of a Bachelor of Science in Financial Risk Management and Insurance program within the Sellinger School of Business and Management, beginning Fall 2026. An endowed professorship in risk management and a fund for experiential learning opportunities will support faculty recruitment and provide practical training to students aspiring to careers in insurance and financial services. Ed Hanway's extensive experience in the insurance industry, including leadership roles at Cigna and contributions to insurance policy organizations, informs the focus on comprehensive risk management education. The gift also includes resources for general operational and scholarship support at Loyola. University leadership highlights the transformative impact of this donation in preparing students to meet evolving workforce demands and addressing industry and societal needs.