Anonymous $425,000 bequest for student scholarships
President Jim Collins (’84) announced that the College has received an anonymous $425,000 estate bequest toward the Inspiring Lives & Leadership campaign from the estate of a local community member. The generous estate gift is being used to fund student scholarship awards for the 2015-2016 academic year.
“Generous and selfless individuals are at the core of Loras’ mission. This individual who provided this estate gift is one such person. Loras will never forget his generosity and the impact it will have on countless students,” said Collins.
$410,540 Career Ready Internship Grant from Great Lakes creates 184 new paid internships
Loras College has been awarded a three-year, $410,540 Career Ready Internship Grant from Great Lakes Higher Education Guaranty Corporation. An anticipated 184 part-time, off campus paid internships will be created during the 2015-2018 academic years.
Loras College is one of 33 colleges and universities in Iowa, Minnesota, Ohio and Wisconsin that received a combined $12 million in Great Lakes grants to make internships more equitable for their students with financial need. Loras will collaborate with businesses and nonprofit organizations to provide the greatest number of current and future students with an educational opportunity they might not otherwise have.
This is the second time Loras College has been awarded a Career Ready Internship grant from Great Lakes Higher Education Guaranty Corporation. Loras received a $135,244 grant for the 2014-2015 academic year, creating 47 paid internships with organizations ranging from the City of Dubuque Economic Development Department and Holy Family Catholic Schools to the National Mississippi River Museum & Aquarium and Hillcrest Family Services.
Loras College Regents issue giving challenge
Through May 31, 2016, the Board of Regents is challenging the Loras family to increase or reinstate their gifts to the Loras Fund. The Regents have announced that they will match increases in this year’s Loras Fund gifts dollar for dollar.
“The Regent Challenge was introduced to inspire first-time and increased giving to the Loras Fund. In addition to increased dollars being raised to help with operations, this provides us with an opportunity to grow our donor base, which is a key goal of our expanded capital campaign,” explained Regent and Chair of the Inspiring Lives & Leadership steering committee Tom Tauke (’72).
The Loras Fund touches just about everything! Contributions to the Loras Fund create opportunities for students to study abroad, help others on service trips and find suitable internships. Donations also provide financial aid, technology in classrooms, instruments in laboratories and equipment for athletics. This barely scratches the surface. If it is happening at Loras College, chances are the Loras Fund had something to do with it.
Launched on October 10, 2013, the Loras College $100-million Inspiring Lives & Leadership campaign is the largest fundraising campaign in the 176-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, business analytics initiative and other academic programs. As of October 31, 2015 the campaign has raised $80.3 million through nearly 19,100 donors.
For more information, please visit loras.edu/giving.