Butler University issued the following announcement on Dec. 10

Gregory & Appel Insurance has given $500,000 to create the Gregory & Appel Endowed Scholarship for Risk Management and Insurance Education at Butler University, making it the largest corporate-sponsored endowed scholarship gift in University history.

The scholarship will benefit students studying risk management and insurance. Initiated by Gregory & Appel CEO Dan Appel and his wife, Kate, the scholarship is intended to help attract and develop new talent for the insurance industry in Indiana. Gregory & Appel announced yesterday that Dan Appel will be retiring as the company’s CEO at the end of 2019, but will serve as Non-Executive Board Chair. Andrew Appel will assume the role of CEO beginning January 1.

“We are extremely grateful to Gregory & Appel Insurance and Dan and Kate Appel for their investment in the lives of Butler students through this endowed scholarship gift,” President James Danko says. “Dan and Kate Appel are great friends to Butler University, and this scholarship is just the latest example of the many ways their influential leadership is making a difference in the Indianapolis community.”

The scholarship gift builds on Gregory & Appel’s long history of partnership with Butler. John J. Appel and his son, Fred G. Appel, were two of the 41 prominent local businessmen who financed the construction of Hinkle Fieldhouse on Butler’s campus in 1928. Now a National Historic Landmark, Hinkle has been a beloved community gathering place for more than 90 years.

In addition, Gregory & Appel has provided financial support to the Davey Risk Management and Insurance Program in the Andre B. Lacy School of Business. As one of only 58 risk management and insurance programs in the country, the Davey program is playing a crucial role in preparing a new generation of talent for an industry challenged by an aging workforce. Gregory & Appel regularly employs Butler students as interns, and a number of Butler graduates have found their professional home at the firm. In January 2019, Butler launched an online Master of Science in Risk and Insurance program to help address the industry’s talent gap.

“Gregory & Appel Insurance has been an incredible partner in the work of preparing our students for successful careers in the insurance industry,” says Lacy School of Business Dean Steve Standifird. “Their investment in the Davey Risk Management and Insurance Program as well as this new scholarship gift demonstrates their significant commitment to developing a talent pipeline of qualified future professionals. We are proud to collaborate in this effort with a company that shares our Butler values.”

Along with supporting the development of new talent for the insurance industry, the gift also enhances Butler’s scholarship endowment, a key priority of the University’s Butler Beyond strategic direction and comprehensive fundraising campaign. In an effort to broaden student access and success, the University is aiming to address the issue of affordability. Central to this goal is ensuring the long-term sustainability of the University’s robust financial aid program. Gregory & Appel’s scholarship gift is a significant step toward the University’s goal of putting a Butler education within reach of all students, regardless of financial circumstances.

For more than a decade, Gregory & Appel Insurance has been named a “Company that Cares” by the United Way of Central Indiana for their extensive involvement and investment in the local community. In recognition of exceptional volunteer and financial support, the United Way of Central Indiana awarded Gregory & Appel in 2017 with the Spirit United Award, its most prestigious recognition.

“It is my hope that this scholarship will support the development of our next generation of young leaders in insurance,” says Gregory & Appel CEO & Chairman Dan Appel. “The Davey Risk Management and Insurance Program is among the top in the nation and will deliver the best and brightest talent to our industry. We are honored and humbled to be part of a legacy that will innovate the future of insurance.”

Original source can be found here.