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A MESSAGE FROM THE PRESIDENT


DEAR LOYOLANS,


performance. In the fiscal year that ended June 30, 2013, the University generated an operating surplus of $30.9 million and an overall increase in net assets of $87.6 million. Funds from the operating surplus were set aside for future debt repayments and to establish quasi-endowments. The University spent approximately $200 million on capital expenditures—primarily at the Lake Shore Campus. Our endowment now stands at over $460 million, its highest ever, thanks to generous contributions from our donors and returns on investment. We continue to work to make a Loyola


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education more accessible and affordable. Principal among those efforts is Access to Excellence: The Campaign for Scholarships, which has now reached the halfway mark of its $80 million goal. To date, donors have created 118 new scholarships as part of the campaign. Notable among those are a scholarship that honors storied Professor of Law Richard A. Michael, a new Mallinckrodt Scholars program at the Gannon Center for Women and Leadership, and the first endowed scholarships for dance and studio art students at the College of Arts and Sciences, among others. For more information, visit LUC.edu/scholarshipcampaign.


am pleased to share an update with you on Loyola’s financial progress. As it has in recent years, Loyola continues to enjoy strong financial


Our fundraising efforts for the John Felice


Rome Center also continue to have an impact. The University has achieved $7.5 million toward the $12 million goal of Insieme per il Futuro, the campaign for the Rome Center. This fall, the John Felice Rome Center received a $1 million gift from Anthony F. Piazza II (JFRC ’62–’63), the largest current commitment in its history, which will support capital improvements at the Rome Center. For more information, visit LUC.edu/insieme. Reflecting our continued growth and progress


across all our campuses, Loyola moved up five spots in the latest U.S. News & World Report rankings to No. 101. This can be attributed to learning environment enhancements, an improved student-to-faculty ratio, an increase in the percentage of classes with fewer than 20 students, increased alumni giving to the University, and many other factors. Thank you for your continued partnership


with Loyola University Chicago. Together, we are making a bright future for our students and our community.


Sincerely,


Michael J. Garanzini, S.J.


PRESIDENT AND CEO LOYOLA UNIVERSITY CHICAGO


“Thank you for your continued partnership with Loyola.” 42 LOYOLA UNIVERSITY CHICAGO


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