A longtime member of the Loyola University community, who served on Loyola's staff for more than 30 years, has left $10 million of her estate to the Uptown university, one of the largest gifts in school history.
University officials announced Monday that the gift from the estate of former staff member Maedell Hoover Braud, who died earlier this year, will create $5 million in a new scholarship endowment for undergraduate students and $5 million in a new scholarship endowment for law school students.
Scholarships from the new Murphy-Braud Scholarship Endowment Funds at Loyola will be awarded beginning in 2019. The funds are named for her late husband’s family.Mrs. Braud spent her entire career working for Loyola, from 1948 until her retirement in 1980, as administrative assistant to the Dean of the College of Arts and Sciences. In 1971, Loyola honored her for her many years of dedicated service and awarded her an Honorary Master of Education in Administration. For many years following her retirement, Mrs. Braud attended nearly every Loyola special event.
“Maedell Hoover Braud brought nearly a lifetime of blessings to Loyola, where our motto is ‘men and women with and for others.’ Her generosity of spirit, loving nature, and commitment to service have always been evident through her work here on campus and her many good works throughout the community,” said a statement from Loyola University New Orleans President the Rev. Kevin Wm. Wildes, S.J., Ph.D.
Until now, the university said Mrs. Braud's most cherished gift was her donation of three rooms in Loyola’s J. Edgar and Louise S. Monroe Library in honor of her beloved parents.
Mrs. Braud's $10 million gift also puts Loyola’s Faith in the Future fundraising campaign at $81.1 million of its $100 million goal.
“Maedell was extremely dedicated to the Jesuits, especially the deans she worked for,” recalled Loyola President Emeritus James C. Carter, S.J., Ph.D. “She was very professional, and extremely helpful. Anytime I had a problem as an advisor, I could call her and get an answer. If I was faced with a complicated case, she had a solution. She never left you with the feeling that you were imposing on her time. She was there to help.”
Mrs. Braud, a lifelong resident of New Orleans, was the wife of Sidney Francis Braud, who preceded her in death. Mr. Braud graduated from Jesuit High School New Orleans and received his undergraduate and law degrees at Loyola.
Mr. Braud's grandfather, John Henry Murphy, held a valuable patent on sugar cane refining machinery and owned and operated a large boiler factory on Magazine Street. He also served as president of the New Orleans Public Belt Railroad for over 20 years.