2014 ECONOMIC AND COMMUNITY IMPACT REPORT
The renovations to Monroe Hall, Loyola’s largest building, are scheduled to be completed by spring 2015.
The purpose and value of Loyola University New Orleans’ educational enterprise is not only to fill our students with knowledge but also to make them men and women for others who will help create a better and economically stable world. We have a strong commitment to New Orleans and recognize our responsibility to funnel considerable resources back into the city and the region. Loyola adds substantial economic value to the city by employing its residents, attracting talent and businesses to the city, educating students to enter its work force, and directly sending money and providing services to the community.
$170.2 MILLION Economic impact $89.1 MILLION
to local businesses
$66.8 MILLION to faculty/staff/contractors
As a major employer, Loyola is steadfast in granting individuals from all corners of the world the opportunity to use their impressive talents and skills to better the knowledge and experience of our students. Loyola is dedicated to not only infusing money into the city but also to living the Jesuit traditions through our service learning programs and cultural activities with local organizations. For more than 100 years, Loyola has been driven by the Jesuit teachings of creating a better world for others through our students, faculty, staff, and campus community partners. I am pleased to share with you this report on Loyola University’s economic impact from 2013 – 2014 and how our community work reflects our dedication for New Orleans, the place we call home. With prayers and best wishes,
service learning projects
$13.9 MILLION spent by out-of-state students
Kevin Wm. Wildes, S.J., Ph.D., President
51-0914 Economic Impact Report.indd 2
11/7/14 3:01 PM
$170.2 MILLION: Loyola’s 2013 – 2014 Economic Impact
Loyola continues to add substantial funds and
Expenditures to local businesses, including those related to several large-scale construction projects
resources to the New Orleans economy through employment opportunities for residents,
Employment of Loyola faculty and staff, as well as outside contractors
bringing talent and businesses into the city, and injecting money directly into the local
Impact of out-of-state students who spend money in our community
market. For the fiscal year, Loyola’s economic impact amounted to approximately $170.2 million.
51-0914 Economic Impact Report.indd 3
In-kind value of volunteerism and service learning projects that provide support for local organizations
11/7/14 3:01 PM
Operations and Expenditures: $89.1 million $50.1 MILLION TOTAL OPERATING EXPENSES
$15 MILLION Grant or restricted accounts $39 MILLION Construction/ capital improvements
Our campus’ operational expenditures such as utilities, insurance, debt service, and miscellaneous office costs, financed from the operating budget or grant accounts, totaled $50.1 million this fiscal year. A substantial portion of this was paid to local companies that employ residents of Greater New Orleans.
$4.3 MILLION Debt service expense
$4.8 MILLION Utilities expense
$23.1 MILLION Miscellaneous expense
$2.8 MILLION Insurance premiums $23.1 MILLION
$35.1 MILLION Normal operating budget
Construction and Capital Improvements Loyola continues to expand our
$46.3 MILLION: infrastructure and reshape our physical Operational campus Expenditures to provide adequate resources, space, and state-of-the-art technology
Daily operations and expenditures for our students. This year’s construction from Loyola—such as utilities, and capital improvement projects insurance, debt service, and resulted in expenditures of $39 million. miscellaneous office costs— totaled $46.3 million this fiscal Monroe Hall, Loyola’s largest and year. A large portion of this most versatilewas facility, where 40 paid to local companies percent ofthat classes are held, is nearing employ residents Greater of its construction. theofcompletion New Orleans. The building, originally built in 1969, houses many departments—including biology, art, and design—and once fully complete in spring 2015, it will include additions such as biology research labs, design studios, two teaching computer labs, and a rooftop greenhouse. The four-yearlong construction process of Monroe Hall could not be completed without local construction businesses and architects combining their efforts to update a significant learning facility for our students.
51-0914 Economic Impact Report.indd 4
11/7/14 3:01 PM
A Major Employer Loyola maintains its role as a major employer in New Orleans and continues to provide direct employment to highly skilled full- and part-time faculty and staff. Loyola has also supported the employment of construction workers and a variety of contracted employees who work in capacities such as dining and vending services, the Loyola bookstore, and maintenance of our facilities. Many of our talented faculty and staff come from outside the region, including the nation’s best graduate schools and universities, dramatically enriching the caliber of the city’s work force and community members. Loyola paid an estimated $47.8 million after-tax payroll and provided an estimated $13.4 million in fringe benefits to its employees during the past year. Campus partner organizations (Sodexo Management Inc., Longleaf Canteen, Coca-Cola Refreshments USA Inc., Follett Higher Education Group, WFF Facilities Services) contributed approximately $3.8 million in salaries and benefits. Employee activities and those of campus partner organizations generated an estimated $2.1 million in state and local tax revenue. Payroll and benefits represent nearly 50 percent of Loyola’s operating budget.
Fr. Kevin Wm. Wildes, S.J., honors staff member Avia Alonzo for her years of service.
EMPLOYED AT LOYOLA
192 FULL- AND PARTTIME CAMPUS PARTNERS (contract employees)
1,114 FULL- AND PART-TIME FACULTY AND STAFF
66 WFF Facilities
110 Sodexo/ Longleaf (dining and vending services)
16 Follett Bookstore 341 Full-time
EMPLOYMENT ACTIVITIES: $66.8 MILLION 533 Full-time 141 Part-time
533 $3.5 MILLION: Full-time Campus services salary and benefits $2.1 MILLION: State and local income/sales tax revenue
$47.8 MILLION After-tax payroll
$13.4 MILLION: Fringe benefit disbursement
950: employed by construction projects in 2013 – 2014
51-0914 Economic Impact Report.indd 5
11/7/14 3:01 PM
Attracting Out-of-Towners As a major educator of the local community, Loyola also acts as a magnet that draws talent and business opportunities to New Orleans. During the 2013 – 2014 academic year, an estimated 1,799 of Loyola’s 4,864 students came to the university and the city from outside of the state of Louisiana and actively stimulated the local economy. In addition, approximately 1,450 campus visits took place during 2013 – 2014 in connection with recruiting and admissions. Many of our students who come from out of state not only become valuable members of the city’s work force but also contribute a sizable amount to the local economy though consumption spending in the city. Out-of-state students spent approximately $13.9 million in 2013 – 2014, with an estimated $6.3 million of that amount spent on rent and housing expenses. Their habitual spending encourages the local economy and allows for continued job creation in the city.
ENROLLMENT ACTIVITIES: $14.3 MILLION $0.47 MILLION: Student service learning and volunteerism
$6.3 MILLION: Rent/housing spending
$7.6 MILLION: Spending by out-of-state students
A Loyola ambassador leads a campus tour for potential students and their families.
51-0914 Economic Impact Report.indd 6
11/7/14 3:01 PM
Students sign up for service projects at the service learning fair.
Serve the Community, Serve the Economy • 564 Loyola students documented 16,359 service learning hours. • Service learning hours represent the labor equivalent of nearly nine annual full-time jobs. • According to national community service agencies, the hours also represent an in-kind value of $413,536 to the mostly nonprofit agencies and organizations for which the students work. • Student volunteers in The Shawn M. Donnelley Center for Nonprofit Communications provided 75 volunteer hours with 19 partner organizations this past year. • In 2013 – 2014, 21 law students volunteered their time fighting for just working conditions with The Wage Claim Clinic at the Workplace Justice Project through the Loyola College of Law.
51-0914 Economic Impact Report.indd 7
The impact of the connection between the classroom and the community is reinforced through the work of The Office of Community Engaged Learning, Teaching, and Scholarship at Loyola. The office serves as a bridge to facilitate mutually beneficial work between Loyola students and faculty and community partners such as the Good Work Network, Dress for Success, and Edible Schoolyard NOLA. Jon Altschul, Ph.D., assistant professor of philosophy, and a few of his students from Loyola’s Philosophy Club launched a pilot program called Big Ideas for Little Kids in an effort to spark philosophical discussion with students at Good Shepherd School in downtown New Orleans. The Catholic, Jesuit school provides quality full-day, tuition-free education to low-income and at-risk youth in kindergarten through fifth grade. The experimental program involves starting a philosophical conversation using classic children’s stories so they can start to think about the ideals of courage, beauty, and respect for others.
“We believe the key to success is knowing how to argue for what one wants or what one thinks is true,” Altschul says. “Engaging in philosophical dialogue, more than anything else, cultivates and nurtures this very skill.” The program is continuing at Good Shepherd School in the fall semester of 2014. The Loyola University New Orleans Community Action Program (LUCAP) is a student-initiated, student-led volunteer service and advocacy organization. LUCAP provides and directs volunteers in serviceoriented activity within the community and the university. In 2013 – 2014, 315 Loyola students and seven faculty and staff volunteered 2,463 service hours on 14 projects, representing an in-kind value of $51,512 to the organizations served.
11/7/14 3:01 PM
The Cultural Impact New Orleans, the place we call home, is one of the most culturally rich cities in the country, and the College of Music and Fine Arts at Loyola is the only entity of its kind at a U.S. Jesuit institution. We offer some of the best arts and music education of any university in the Gulf South, as well. Loyola also serves as a cultural resource for the city, providing the community with more than 100 events each year, most of which are free and open to the public. In 2013 – 2014, Loyola boasted several exciting cultural events and collaborations with local and national arts organizations: • Loyola hosted the annual Metropolitan Opera National Council District and Regional Auditions in January in partnership with the Metropolitan Opera House in New York City. Aspiring opera singers from the Gulf Coast vied for the national spotlight and for the chance to reach the finals, where they auditioned with the Metropolitan Opera Orchestra.
• The Department of Theatre Arts at Loyola joined forces for the first time with New Orleans’ only year-round professional theater, Southern Rep, to host three new theater camps for children ages 9 to 18. Each camp concluded with staged performances of “Guys and Dolls, Jr.”; “Sweeney Todd, School Edition”; and “Pirates of Penzance, Jr.” This new alliance between Southern Rep and Loyola provided students the opportunity to learn about auditions, acting technique, musicality, and dance. • Hailed as a musical treasure of Austria, the Vienna Boys Choir is one of the world’s foremost children’s choral groups. Five years after their first Loyola debut, the boys returned for a performance at Holy Name of Jesus Church in October 2013.
• The Priests, a classical music group of three priests from Northern Ireland, Frs. Martin O’Hagan, Eugene O’Hagan, and David Delargy from the Diocese of Down and Connor, returned to Loyola for a special holiday performance last November 2013. The group secured a place as one of the most recognized and successful acts in both the religious and secular worlds. • For the 45th year, Loyola’s Jazz Studies Program presented the Loyola Jazz Festival in March, representing the only educational jazz music festival in the region that offers highcaliber adjudication; masterclasses; and famous guest artists such as clarinetist, saxophonist, and educator Victor Goines ’84 in one package. More than 30 local high school jazz groups were invited to perform and attend free jazz masterclasses during the annual festival.
Loyola’s John Mahoney Big Band helped the Audubon Park Conservancy bring free concerts back to the Newman Bandstand after the New Orleans Uptown neighborhood tradition faded away more than 60 years ago.
51-0914 Economic Impact Report.indd 8
11/7/14 3:01 PM
Non-profit Organization U.S. Postage PAID Permit No. 121 New Orleans, LA
Campus Box 9 6363 St. Charles Avenue New Orleans, LA 70118
Our Economic and Community Influence • Loyola University had a
$170.2 million economic impact on the Greater New Orleans region in fiscal year 2013 – 2014, making a cumulative impact of approximately $685 million since 2010.
• Our physical campus is
nearing the completion of a historic transformation, which generated $39 million in impact related to construction last year, primarily benefitting local builders and architects.
• Loyola students
• Loyola’s Alumni Association
engaged 233 local volunteers who performed approximately 2,260 service hours in Louisiana.
• Loyola is a major employer
in a city of small businesses. It put 2,448 people to work last year as faculty, staff, contract, and construction employees.
• Loyola paid $47.8 million
in after-tax payroll and provided $13.4 million in fringe benefits to its employees during the year.
documented 18,822 volunteer hours through service learning or community activism, equal to approximately 10 full-time jobs and in-kind value of $413,536.
51-0914 Economic Impact Report.indd 1
11/7/14 3:01 PM
Published on Nov 17, 2014
The purpose and value of Loyola University New Orleans’ educational enterprise is not only to fill our students with knowledge but also to m...