Loyola University Chicago’s 2006 fiscal year was one of the University’s strongest from an operational and financial perspective. “We’re continuing to experience the resurgence and renewal that began several years ago,” says William Laird, vice president and chief financial officer.
The total increase in net assets for the fiscal year ending June 30, 2006, was $103.2 million, an outstanding 22 percent increase. And the year of strong growth puts Loyola’s endowment above $300 million.
Laird says the endowment’s robustness can be attributed to excellent investment returns, Loyola’s strategy of reinvesting its operating surplus, and the generous contributions of Loyola supporters, who in fiscal year 2006 contributed the largest dollar total of gifts in the University’s history.
“We’re extremely appreciative of the gifts made by our alumni, parents, friends, and business partners,” says President Michael J. Garanzini, S.J. “They helped make fiscal year 2006 an exceptionally productive and successful one.”