Money continues to support student success, facility improvements
DUBUQUE, Iowa – Loras College, a Catholic liberal arts college, saw its best cash fundraising year in its 179-year history during this past fiscal year ending on May 31, 2018. More than 8,000 alumni, parents and friends donated nearly $12.4 million surpassing the prior record by $3.3 million.
“I applaud our alumni and friends for making significant investments in our students, campus community, and many curricular and co-curricular offerings,” Jim Collins (’84), president of Loras College, said.
The funds raised were far-reaching. Numerous initiatives were supported to strengthen academic services, career programming and student success. Twelve new scholarships were created to assist students financially. Contributions also supported capital improvements such as renovating Keane Hall and the Rock Bowl.
“The impact of giving is felt throughout campus. Students and faculty are being granted opportunities and resources that were recently unavailable. I am thrilled to watch these gifts transform the College for years to come.” said Donna Heald Ph.D., vice president for academic affairs.
Loras’ top gift for the year was an estate gift just over $3.2 million received from the late Rev. William Wilkie to support six different financial aid programs and awards. The gift will supplement the William E. Wilke Fund to bring the total endowment to more than $3.5 million. Wilkie is a 1950 graduate of Loras College and professor emeritus of history.
The financial commitments also align with Loras College’s enhancements across many fronts, including the launch of the Francis J. Noonan School of Business and its finance lab, the addition of a new minor in financial planning and wealth management, introduction of a postbaccalaureate premedical program, and, in partnership with the Dubuque Racing Association, the opening a new innovation laboratory.
ABOUT LORAS COLLEGE
Loras leverages its historic roots as Iowa’s first college, the second oldest Catholic college west of the Mississippi River and one of the nation’s 10 diocesan institutions to deliver challenging, life-changing experiences as part of its residential, Catholic setting. Loras ranks among 450 NCAA Division III athletic programs in Learfield Sports Directors’ Cup standings, 11th out of the Top 100 baccalaureate colleges, according to the 2016 Washington Monthly College Rankings, 13th Best Regional College, according to Midwest U.S. News Best Colleges and is among the 200 Best-Loved Colleges in the nation, according to Forbes Magazine.