Loyola University New Orleans is only as great as the individuals who bring it to life each day. In addition to the students, faculty at staff that collectively drive the university on its Jesuit mission, parents, alumni and friends from across the country contribute major gifts to Loyola that support both our current use needs and our long-term growth.
At Loyola, a major gift is considered a commitment of at least $25,000 given over five years.
Gifts at this level can be designated to current use efforts, such as the Loyola Fund (our unrestricted fund) or they can be endowed to create a fund that will support your designation in perpetuity.
An endowment is a permanently restricted net asset in which the principal is invested and only a portion of the investment earnings is spent. The rest of the earnings are retained in the fund so that the endowment grows over time, providing a perpetual source of funding. Loyola holds endowed gifts in perpetuity, investing the principal. The annual disbursement for an endowed scholarship is expected to be 5 percent of the three-month average market value of the fund’s asset, provided that the drawdown comes from the interest gained and not from the corpus.
For more information on donating a major gift to Loyola, please call 504-861-5454.