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Former Presidents Bush and Clinton Pledge $430,000 to Loyola

Loyola press release - December 8, 2005

Former Presidents Bush and Clinton Pledge $430,000 to Loyola

(New Orleans) — Former Presidents George H.W. Bush and William J. Clinton presented a $430,000 check to Loyola as part of their Katrina Fund Grant program. University President Rev. Kevin Wm. Wildes, S.J., Ph.D., accepted the check on behalf of Loyola at the event held at the University of New Orleans yesterday.

The pledge amount was based on a number of factors, such as the number of students on Pell grants, physical damage to a campus, and an institution’s financial health. The Katrina Fund Grant program aims to award $30 million in grants to Gulf region higher education institutions devastated by Katrina.

During yesterday’s event, Presidents Bush and Clinton addressed the importance of getting higher education institutions up and running as quickly as possible.

“Universities and colleges are the cornerstones of communities across the region. Helping them get back on their feet is a key to the long-term recovery of the Gulf,” said former President Bush.

“These institutions need to reestablish themselves to give people hope that the foundations of their communities will be there now and in the future. Colleges and universities not only train new workers, but they are often the largest employers in their communities,” said former President Clinton.

“I greatly appreciate the generosity of those who contributed to the Bush-Clinton Katrina fund. This check is a major stepping stone that will aid Loyola in providing for its students and rebuilding its future in the New Orleans community in a post-Katrina era,” said Fr. Wildes.

Working with the universities and colleges throughout the region, the $30 million in funding will go toward repairs, reconstruction and replacement of equipment due to physical damage on campuses, assist students who left school due to its closure and/or their relocation after the hurricane, and salaries and benefits paid to retain and support faculty and staff.

In addition to the $30 million in grants to Gulf region higher education institutions devastated by Hurricane Katrina, the Bush Clinton Katrina Fund also included a $20 million grant for a ministerial partnership with local and regional faith-based organizations, and an initial disbursement of $40 million divided amongst the three states of Louisiana, Mississippi, and Alabama for their recovery and relief funds.

Presidents Bush and Clinton also announced a collaborative partnership between the Bush-Clinton Katrina Fund and the United Negro College Fund on behalf of the historically black colleges and universities that were devastated by Hurricane Katrina.

These grants come from the millions generously donated to the Bush-Clinton Katrina Fund to benefit the hundreds of thousands of hurricane and flood victims.

The Bush-Clinton Katrina Fund also announced two co-trustees who will guide the fund on behalf of the two presidents. Former Commerce Secretary Don Evans and former Labor Secretary Alexis Herman will serve in those roles. Herman is the current chairman and CEO of New Ventures. Evans is chairman of the Financial Services Forum.

“Alexis and Don are outstanding public servants who continue to give their country every day. Helping us guide the fund is just another example of that service. We are lucky to have them,” said Presidents Bush and Clinton.

For more information on the Bush-Clinton Katrina Fund, visit: www.bushclintonkatrinafund.org.

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