A MESSAGE FROM THE INTERIM PRESIDENT
Loyola with endowed professorships as well as toward future debt repayments, capital projects, and to establish quasi-endow- ments. Our endowment value is relatively consistent with last year at approximately $540 million due to an overall 0.3 percent market return in fiscal year 2015. The University spent approxi- mately $128 million on capital expenditures, primarily related to the construction of the Center for Translational Research and Education (CTRE) on the Health Sciences campus (opening in spring 2016) and on the Schreiber Center, which was dedicated this fall and houses the Quinlan School of Business on the Water Tower Campus. In September, we hosted General Colin L. Powell (USA) Ret. at the Schreiber Center Grand Opening with nearly 500 dinner guests and raised over $300,000 toward student scholarships. The completion of the Re-Imagine Campaign and the
DEAR LOYOLANS, I am pleased to share this year’s annual report on the state of
the University with you. Our enrollments continue to be strong, with 16,437 students
enrolled this fall—an all-time high for University enrollment. The new Engineering Science program launched this semester with 35 freshmen, and other new programs include a partner- ship with Universidad Loyola Andalucía in Spain, the associate degree program through Arrupe College, and growth in our online programs to the extent that Loyola is now the second- largest deliverer of online degree programs among all 28 Jesuit universities in the US. This year we made important progress in the area of retention, with a freshman retention rate of 86 percent (our best in three years) and a transfer retention rate of 80 percent (our best in 25 years). This semester we also saw a 44 percent increase in African-American freshmen students over last year, and a 7.9 percent increase in students of color in our total undergraduate population over last year. These figures are important as we seek to continually recruit and retain a diver- sity of talented, motivated students here at Loyola. We continue to enjoy a strong financial performance. In the
fiscal year that ended June 30, 2015, the University generated an operating surplus of $39 million and an overall increase in net assets of $10 million. Funds from the operating surplus were allocated to fund scholarships and attract talented faculty to
Schreiber Center, along with many other academic initiatives, heralded the successful conclusion of the University’s 2009–14 strategic plan. The new plan, “Plan 2020: Building a More Just, Humane, and Sustainable Future” was approved by the Uni- versity’s Board of Trustees at their June meeting and we have already made progress toward our institutional priorities as detailed in the plan. You can learn more about Plan 2020 online at
LUC.edu/strategicplanning. We continue to focus on fundraising to help us meet the
financial needs of our students and the goals we have set for ourselves in Plan 2020. During fiscal year 2015, the Univer- sity achieved $30 million in fundraising progress from 11,000 gifts. We also benefitted from the generous support of alumni, friends, and donors who supported the annual Stritch Dinner in November at the Field Museum, which raised $450,000 for student scholarships. Our top fundraising priorities continue to be our campaigns for student scholarships, the Quinlan School of Business, the Gannon Center for Women and Leadership, and the John Felice Rome Center, as well as an update to the Special Collections at the University Libraries. To learn more about these efforts, please visit
LUC.edu/giving. Thank you for your continued support of Loyola. I wish you
and yours a Happy New Year. Sincerely,
John P. Pelissero, PhD
INTERIM PRESIDENT LOYOLA UNIVERSITY CHICAGO
40 LOYOLA UNIVERSITY CHICAGO
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