Gift supports Residential Commons Complex
SMU Trustee Paul B. Loyd, Jr. ’68 and his wife, Penny Requa Loyd, have provided a gift of $5 million to build a Residential Commons, one of five new residential buildings under construction as part of the renovation of the southeast section of campus. The new facilities are designed to enhance SMU’s living-learning environment.
Their gift was announced during Founders’ Day Weekend at the groundbreaking ceremony for the complex, scheduled to open in fall 2014.
The complex will provide housing, parking and dining facilities for 1,250 students, enabling all first- and second-year SMU students to live on campus. Each residential facility will include a faculty residence and offices, classrooms and seminar rooms.
“Nearly every SMU student benefits from the Loyd family’s generosity,” says President R. Gerald Turner. “From students enhancing their study skills and preparing for exams at the Altshuler Learning Enhancement Center and the Academic Development of Student-Athletes, to student-athletes working out in the weight room, all in the Loyd All-Sports Center, the Loyds have enhanced the campus experience of SMU students. Now a new generation of students will enjoy living and learning in the Loyd Commons.”
In addition to serving as a trustee, Mr. Loyd is a member of the executive boards for the Cox School of Business and the Annette Caldwell Simmons School of Education and Human Development. He is co-chair of the Second Century Campaign Steering Committee for Athletics and honorary chair and member of the Second Century Campaign Steering Committee for Houston.
Mrs. Loyd, a civic leader and community volunteer in Houston, graduated from St. Louis University with a B.S.B.A. and worked with several public and private companies both in the United States and abroad prior to the formation of the family’s charitable foundation.
The Loyds also serve as members of the SMU Parent Leadership Council.
“Paul and Penny Loyd’s generous gift to the Residential Commons is a perfect way to celebrate SMU’s centennial and prepare our campus for the Mustangs of the future,” says Brad E. Cheves, vice president for Development and External Affairs. “Loyd Commons will be an important part of a new tradition for residential and academic life at SMU.”
The Loyd gift is the second contribution naming a Residential Commons. Liz Martin Armstrong ’82 and Bill Armstrong ’82 also provided a $5 million gift toward construction of the complex.
SMU is continuing to seek funding support for this essential project, and the Residential Commons Complex includes many additional naming opportunities for donors.