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Louisiana State University is a state institution and receives public funding. Doesn’t my tax money and tuition cover your costs? For the year 2007-2008, state funds only financed 58.1% of the operating budget for the university. While state-provided funding and auxiliary enterprises have steadily decreased over the years, tuition increases to compensate for the loss of those funds are impermissible—the E. J. Ourso College is determined to continue to provide a top quality business education that is also affordable. To achieve this goal, the college needs the help of its alumni and friends. What are the highest priorities for funding at the E. J. Ourso College of Business ? Funding the new business education complex is the number one priority of the E. J. Ourso College of Business. While serviceable, the current home of the E. J. Ourso College does not offer the infrastructure or technological capabilities to keep pace with the world of business and business education. A new business education complex, complete with cutting edge technology, is crucial in providing top-quality business education to our students. Other priorities for support include students, faculty, and programs. Student support consists of scholarships and fellowships meant to allow the college to recruit and maintain the best and brightest students from around the world. Faculty support creates endowed chairs of professorships as well as funding for research, an important part in gaining prominence in the realm of business education. Program support provides essential discretionary dollars that are used to initiate new programs, fund current activities, meet technological needs, and provide flexibility for meeting student and faculty needs. What about my employer matching gift program? You can double or even triple your gift if your company offers a Corporate Matching Gift Program. To see if your company matches gifts to higher education, contact its human resources office, or go to www.matchinggift.com/lsu and type in your company's name. Retired employees and employees' spouses may also be eligible. How does an endowment work? Essentially, the gift given as an endowment is invested and only a portion of the interest is used annually as support. This guarantees a yearly annuity that provides a stable source of funding to support whatever the donor may direct their gift toward. At LSU, our goal is to earn at least 9 percent annually on an endowment’s principal. About half of the earnings, or roughly 4.5 percent of the principal’s market value, is used to support the program for which the endowed gift is designated. The remainders of the earnings are applied to the principal to keep it growing and to provide a safeguard against the injurious effects of inflation. Therefore, a $1.5 million gift to create an endowed faculty chair would generate about $67,000 per year in spendable income to support that chair. And it does so forever, increasing over time as the endowment principal grows. How does LSU’s endowment compare with those at peer institutions? LSU’s endowment is significantly less than that of its regional peers. For example, the University of Texas has $96,000 of endowment dollars per student, and the University of Virginia has $103,000 per student. On the other hand, LSU averages $8,000 of endowment per student. Will I earn TAF points through my gift to the E. J. Ourso College of Business? Yes. Each $4,000 in philanthropic donations to the E. J. Ourso College of Business earns one (1) point. For more detailed information, visit http://www.lsutaf.org/content.php?display=about_priority. How should I make my gift to the E. J. Ourso College of Business? For further information on giving, please contact: Karen Deville OR Donate Online OR Donate by Check Mail to : Office of Advancement
E. J. Ourso College of Business
Louisiana State University 3139 Patrick F. Taylor Hall Baton Rouge, LA 70803 OR Stock Donation
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