La Salle University has received a $1.25 million endowment commitment from the Maguire Foundation, which will provide permanent financial support to La Salle students who are Maguire Scholars. La Salle will match dollar-for-dollar this commitment to create the $2.5 million Maguire Endowed Scholars Program – one of the largest endowed scholarships in La Salle’s history.
Based in Conshohocken, Pa., the Maguire Foundation is a nonprofit that invests in the education of Philadelphia-area youth, and provides financial assistance to students from kindergarten through college. Started by James J. and Frances M. Maguire in 2000, the Foundation partners with 28 colleges and universities on the east coast and currently supports more than 300 Maguire College Scholars at these institutions.
The Maguire Foundation’s relationship with La Salle began four years ago, and has blossomed since. “The generous gift from the Maguire Foundation will help La Salle further the education of even more Maguire Scholars for years to come,” said La Salle President Colleen Hanycz. “Our first Maguire Scholars completed their four-year journey at Commencement in May, and we are excited to welcome more this fall and further the impact of the Maguire Foundation. What makes the endowment so special is that the Maguire Foundation is based on many of the same principles of our Lasallian heritage: the importance of education and service to others.”
The Maguire’s story and appreciation for the value of education and giving back is deeply aligned with the mission of St. John Baptist de La Salle. Born in the Philadelphia neighborhood of Germantown, Mr. Maguire had a difficult time in school as he was growing up. After serving in the Korean War, he enrolled at St. Joseph’s University where he continued to struggle until he met Reverend Hunter Guthrie, who was able to recognize Maguire was dyslexic. Guthrie stuck by Maguire throughout college and helped him with his reading and comprehension skills through graduation. Knowing that hard work, determination, and the kindness of others helped him reach his goals, Maguire values the importance of contributing to the education of students who show promise.
Mr. Maguire started his career in insurance at MetLife, where he focused his attention on working with the Philadelphia deaf community. He later went on to form nationally recognized Philadelphia Insurance Company, and in 2012 published his autobiography, Just Show Up Every Day, which focuses in part on his career and his struggles with dyslexia. His core values of preparation, passion, integrity, discipline, responsibility, and balance are the framework behind the Maguire Foundation. By giving toward the education of today’s youth, the Maguires are able to help students thrive and become future leaders.
“Receiving the Maguire Scholarship meant a great deal to my family and me. For my parents, it helped to lessen the financial burden of paying for my four years at La Salle. In addition to the help with tuition, it was an honor to be recognized for my academic achievements in high school, as well as my community involvement,” said Kaitlyn Corson, one of La Salle’s first Maguire Scholars. “My four years as a Maguire Scholar were spent being an active member of the La Salle community. Through organizations on campus as well as international service experience, I was able to demonstrate [not only] the ideals of the Maguire Foundation, but also the Lasallian tradition.”