President Jim Collins (’84) announced today that Loras College has received an anonymous estate gift of $589,275 from a recently deceased alumnus. The proceeds will endow need-based scholarships for deserving Loras students.
According to Collins, “Loras continues to provide an extraordinary array of educational opportunities while demonstrating impressive outcomes in spite of a challenging marketplace. Contributions such as this ensure that students are able to attend Loras College as their school of choice. The College already provides $20 million in financial aid to students each year.”
This generous benefactor was a priest in the Archdiocese of Dubuque for decades, lived a modest life and was the recipient of an inheritance. “He never thought his inherited windfall was his own,” says the executor of his estate, who also wishes to remain anonymous.
The gift supports the $75 million campaign that the College will officially launch on October 10, 2013, to give supporters the opportunity to join this benefactor in investing in student access, educational and coeducational programs, and academics at Loras College.
Loras College is Iowa’s first college and is commencing a year-long celebration of its 175th anniversary. As a Catholic, liberal arts and residential campus, Loras offers over 40 academic programs, immersive study away opportunities and more than 200 co-curricular programs for its predominantly traditional age, undergraduate student body. Of national significance, 96.5% of the Class of 2012 reported being employed and/or continuing their education within one year of graduation. Equally impressive is that 98.2% of the same class responded to the survey and over 85% reported being placed directly related to their academic field of study.