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Posted on 12/10/15 at 11:04 am to terriblegreen
No. The LSU Foundation oversees the university's endowed assets.
Say you give $10,000 to the LSU Foundation. That money is then invested in an endowed pool where that $10,000 is never touched, providing a source of perpetual funding for the university.
LSU will receive a portion of that investment's yearly return where you, the donor, has a say in how they should utilize it.
Say you give $10,000 to the LSU Foundation. That money is then invested in an endowed pool where that $10,000 is never touched, providing a source of perpetual funding for the university.
LSU will receive a portion of that investment's yearly return where you, the donor, has a say in how they should utilize it.
Posted on 12/10/15 at 11:07 am to GeorgeReymond
quote:
I don't get it. LSU has plenty of extremely wealthy alumni, I mean shite according to Times Higher Education, we're one of the World's top 100 universities for producing millionaires. Our graduates starting and mid-career salaries are among the best in the SEC too. However, the majority just don't feel obligated to give back to academics.
It starts from the day you get to campus. The schools that have been kicking our arse in the fundraising arena are building that culture of engagement from Day 1. Student philanthropy campaigns, parent-giving programs, etc.
Combined with a united message (that includes the Reveille & Advocate) to the success of our faculty/students/alumni, will get the ball moving.
We also need to get the young-alumni into the culture of giving immediately. Even if its $20/year. Those people are the ones you'll see making the 6-figure gifts when they can. Far too often, we ignore someone until they are CEO of a company and then come knocking. Too late at that point.
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