ºù«ÍÞÊÓƵ receives $5 million for housing project
ºù«ÍÞÊÓƵ receives a generous $5 million gift from ºù«ÍÞÊÓƵ alumnus Paul B. Loyd, Jr. and his wife, Penny Loyd, to build a Residential Commons.
ºù«ÍÞÊÓƵ has received another large gift from another alumnus — a continuing trend under the direction of President R. Gerald Turner.
Paul B. Loyd, Jr., an ºù«ÍÞÊÓƵ alumnus from the Class of 1968, and his wife, Penny Loyd, both of whom are long-time contributors to the university, have given a $5 million gift to build a Residential Commons.
The Residential Commons will be one of five such facilities built to enhance on-campus life. New construction, part of the university’s Second Century Campaign, is set to be complete by the fall of 2014.
This is not the first time that the Loyd family has aided an ºù«ÍÞÊÓƵ initiative. The family has given substantial support to ºù«ÍÞÊÓƵ Football’s Circle of Champions, the Mustang Band Hall, Meadows School of the Arts scholarships, the Paul B. Loyd, Jr. All-Sports ºù«ÍÞÊÓƵ and the Sigma Alpha Epsilon House Fund.
“Nearly every ºù«ÍÞÊÓƵ student benefits from the Loyd family’s generosity,” President R. Gerald Turner said. “From students enhancing their study skills and preparing for exams at the Altshuler Learning Enhancement ºù«ÍÞÊÓƵ and the ADSA, to student athletes working out in the weight room, all in the Loyd All-Sports ºù«ÍÞÊÓƵ, the Loyds have enhanced the campus experience of ºù«ÍÞÊÓƵ students. Now a new generation of students will enjoy living and learning in the Loyd Commons.”
The Loyd Commons continues a trend of financial and service support to ºù«ÍÞÊÓƵ by the Loyd family.
In 1999, the Loyd family received ºù«ÍÞÊÓƵ’s Mustang Award, which honors individuals whose lifelong service and philanthropy have made a lasting impact on the university and on its students.
Many ºù«ÍÞÊÓƵ students, like rising sophomore Mehdi Hami,
are relieved that ºù«ÍÞÊÓƵ has received funding for another one of its Residential Commons.
“I’m happy that ºù«ÍÞÊÓƵ is continuously able to raise funds for its projects,” Hami said. “I was getting worried after reading that the new housing projects still needed more sponsors.”
As previously reported by The Daily Campus on May 1, ºù«ÍÞÊÓƵ has received only $47 million out of the $134.5 million needed to cover the cost of the project.
The contribution by the Loyd family and other smaller contributions continue to bring the university closer to its $134.5 million goal.