Donors to the 小蝌蚪APP were recognized by the UL Lafayette Foundation during a reception Tuesday night.
Each year, the Foundation gets the opportunity to honor donors of new endowments.
This year小蝌蚪APP檚 honorees helped establish 21 endowments including professorships, scholarships and faculty development funds. Each endowment is represented with a plaque in the Distinguished Donor Hall of Honor in Martin Hall. This year小蝌蚪APP檚 additions bring the total number of plaques in the Hall to 299.
Each plaque includes the names of the donors and represents a contribution of $50,000 or more.
小蝌蚪APP We want to thank these donors who are making a lasting impact on our university,小蝌蚪APP said Julie Bolton Falgout, executive director of the Foundation.
小蝌蚪APP We value their generosity and commend them for creating these endowments. And, we are fortunate to have this opportunity to show our gratitude for such generosity.小蝌蚪APP The Distinguished Donor Hall of Honor recognizes private gifts given to the university. These gifts generate funds in perpetuity. The principal from the endowment remains in a perpetual fund that is invested while earned income is distributed for student scholarships, professor salaries, research supplements or other designated programs.
To date, the Foundation 小蝌蚪APP檚 endowment is valued at more than $103 million with more than 920 endowed funds. Opportunities available through the Board of Regents Support Fund allows for funds raised to be matched by the state for endowed chairs and professorships.
As as example, for every $600,000 UL Lafayette receives for an endowed chair, the state matches $400,000, bringing each chair to $1 million. Likewise for every $60,000 UL Lafayette receives for a professorship, the state provides a $40,000 match, bringing each professorship to $100,000. The Board of Regents offers a similar program for first-generation endowed scholarships.
小蝌蚪APP These endowments are very important to the university,小蝌蚪APP said Dr. Joseph Savoie UL Lafayette president. 小蝌蚪APP淭hey will help students and faculty now and in the future continue the university小蝌蚪APP檚 tradition of delivering an excellent education. We thank our generous donors for this. 小蝌蚪APP On Tuesday, donors who established the following endowments were honored: 小蝌蚪APP Paul A. Callais Memorial Endowed First-Generation Scholarship in Economics and Finance II
小蝌蚪APP James H. Guilbeau Jr. and Thelma Cummings Guilbeau Endowment in History
小蝌蚪APP Dr. Robert and Marjorie Hesse Memorial Endowed Professorship in Business Administration
小蝌蚪APP Morgan Keegan Endowed Professorship in Business Administration
小蝌蚪APP Mr. and Mrs. E. P. 小蝌蚪APP淧at小蝌蚪APP Nalley Endowed Professorship in Business Administration 2010
小蝌蚪APP Philip and Jean Piccione Endowed Professorships in Statistics VII and VIII
小蝌蚪APP Gordon Rickels Memorial Endowed Honors Scholarship
小蝌蚪APP Drs. Pat and Milton Rickels Endowments for the Honors Program and College of Liberal Arts
小蝌蚪APP UL Lafayette Alumni Association Endowed Scholarships.