President Jim Collins
(’84) announced today that Loras College received over $100,000 through an anonymous cash donation toward the Inspiring Lives and Leadership: The Loras Legacy Campaign
goal of $75 million.
The donation was provided by the spouse of a late alumnus and will establish a scholarship for students with demonstrated financial need. “Loras was a special place to my husband,” explained the donor. The donation came from a previously established trust which was split in equal shares with Loras, Georgetown University and the couple’s local parish.
Currently, 83 percent of Loras students require some form of need-based assistance. To ensure that students are able to attend Loras College as their school of choice, the institution provides $20 million in aid annually to students—the second largest component of the college’s budget.
“Loras is on the move achieving all sorts of national recognition and our graduates are thriving even in a challenging economic environment. Our alumni and friends are not only responding with pride, but they are demonstrating extraordinary generosity so that more students can gain access to a great Catholic, liberal arts institution like Loras which produces outstanding student outcomes,” said Collins.
Launched on October 10, 2013, the Inspiring Lives and Leadership: The Loras Legacy Campaign
is the largest fundraising campaign in the 175-year history of the college. In addition to raising funds to support student aid and faculty/staff professional development, the campaign seeks funds to build upon the launch of its MBA program and business analytics curricular focus. As of February 28, 2014, the campaign has raised $51.2 million through more than 15,255 donors.