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Iona University is pleased to announce it will honor Timothy Murphy, vice chair for Mastercard, at its annual Trustees Scholarship Award Gala on April 29, 2026. Murphy will be presented with the esteemed 2026 Iona Legacy Award.

This event celebrates the University’s dedication to service and scholarship by honoring distinguished community leaders who exemplify the Iona mission of transforming lives through education. The gala will take place at Cipriani 42nd Street in New York City.

Headquartered in Purchase, Mastercard is held in high esteem among Westchester County’s Fortune 500 companies, employing nearly 100 Iona alumni and regularly hosting students for tours, mentorship opportunities and career networking.

“We are excited to recognize Tim Murphy at this year’s gala,” said Iona President Seamus Carey, Ph.D. “In both his career and through his leadership in service to others, Tim demonstrates a deep commitment to excellence that positively shapes the world around him. We look forward to celebrating his legacy and strengthening the longstanding relationship between Iona and Mastercard.”

“I’m deeply honored to receive Iona’s 2026 Legacy Award,” Murphy said. “This recognition reflects values that have guided my career and community work: expanding opportunity, strengthening education and helping build pathways for people to thrive. I’m proud that Mastercard is contributing to Iona’s incredible efforts to open doors for students, especially first generation and high need scholars. Iona’s scholarship program changes lives, and supporting that mission is profoundly meaningful to me.”

Murphy is vice chair for Mastercard, serving as an ambassador for the company globally and focusing on strategic relationships with regulators and policymakers. He is also a member of Mastercard’s executive leadership team and management committee.

Before this appointment, Murphy was chief administrative officer, a role in which he drove alignment and execution across functions such as law, government affairs and policy, franchise, people and capabilities, corporate security and more to best position Mastercard to deliver for all stakeholders. He also previously served as general counsel, bringing a business mindset to advance Mastercard’s legal and regulatory affairs, public policy, corporate governance and compliance.

Throughout his 25-plus year tenure at Mastercard, Murphy has also served as chief product officer, president of the company’s U.S. region, and executive vice president of customer business planning and analysis. Before joining Mastercard in 2000, he was an associate in the New York and London offices of Cleary, Gottlieb, Steen & Hamilton.

Murphy is chair of the Board of Trustees for the National Urban League and co-chairs the Cyber Readiness Institute. He sits on the boards of Northwestern Mutual, the Mastercard Impact Fund, Community Solutions, and is a trustee of the U.S. Council for International Business. He is also on the advisory boards of the Asia Society Policy Institute and the Tech for Good Institute, and is a member of the Aspen Cybersecurity Group, Legal Services Corporation’s Leaders Council, the Economic Club of New York and the Council on Foreign Relations. Murphy was named a Legend in Law in 2018 by the Burton Foundation.

He earned a Juris Doctor, magna cum laude, from Harvard Law School and a Bachelor of Arts in political science from Amherst College.

For more information about tickets, e-journal ads and other sponsorship opportunities, visit the Trustees Scholarship Award Gala site at https://www.iona.edu/alumni/trustees-scholarship-award-gala.