Fiscal Year 2005-2006 Financial Highlights

• Total assets under the management of the U of L Foundation reached $858,282,000, an increase of 12% over the close of the previous fiscal year. The Foundation received $33,306,000 in gifts and $20,050,000 in matching Research Challenge Trust Funds during the fiscal year.
• Disbursements by the Foundation on behalf of the University rose to $48,360,000. The funds support various purposes including scholarships, fellowships, academic program development, chairs, professorships, lectureships, faculty development, research, equipment, facilities, the U of L libraries.
• The U of L Advancement Office receives approximately 75% of their gift solicitation budget from the Foundation. This money allows the Advancement Office to facilitate new gifts and endowments.

Other financial highlights:

• The Foundation’s $62 million annual budget represents
  approximately 9.8% of total expenditures of the University.
• Scholarship and fellowship awards of $5,886,000 made
  attendance at U of L a reality for many students and eased the
  financial burden for many others.
• New scholarship endowments were established during the year
  through aggregate gifts of $4,750,706.
• The total number of scholarship endowments rose to 480, with a
  total market value of $127,816,102.
• $11,280,384 in disbursements from the Foundation were directed
  toward faculty salaries, which enabled the University to continue
  to attract and retain the highest caliber of faculty for teaching,
  research, and public service.
• Cash gifts, gifts-in-kind, new pledges, and new expected
  bequests equaled $96,250,265 for 2006.