Shaping the Future Through Giving

SHAPING THE FUTURE

giving THROUGH

UL LAFAYETTE FOUNDATION ENDOWMENT REPORT AND CAMPAIGN UPDATE

2023

At the University of Louisiana at Lafayette, we are witnessing one of the most transformational periods in our 125-year history. As a Carnegie R1 University, we are making tremendous strides in our research, expanding our campus and conducting the critical work to position our students as the leaders of tomorrow.

These notable achievements are made possible through your generosity and compassion.

You are proof that together, we can shape the future.

An essential component of your generosity is endowed gifts. These gifts provide invaluable support across the University, from our academic colleges to Louisiana Ragin’ Cajuns Athletics. Furthermore, endowed scholarships allow students experiencing financial hardships to attend UL Lafayette by helping remove financial barriers to obtaining a college education. All of these things are a result of your philanthropy.

On behalf of the University and the UL Lafayette Foundation, thank you for your generosity and contribution to the greatness of our faculty, staff, students, alumni, friends and community.

In this report, you will find your account activity statement for the fiscal year ended June 30, 2023, and investment performance summary. Additionally, we’ve shared highlights and updates on our Together campaign, the University’s largest comprehensive fundraising initiative. What you see is the culture of philanthropy blossoming throughout the University. As an institution, we understand that our success is achieved together, supporting our mission and vision. I encourage you to explore this report and discover the impact of your great gifts.

Should you have any questions regarding your account statements and investment performance documents, please contact UL Lafayette Foundation Chief Financial/ Administrative Officer Karl Meche at (337) 482-0700 or Karl.Meche@louisiana.edu.

With gratitude,

John I. Blohm Chief Executive Officer UL Lafayette Foundation

Together,

Your generosity has touched nearly every aspect of University life. Thank you for empowering our students, faculty and staff.

WE PROVIDE OPPORTUNITIES.

experienced significant market volatility in fiscal years 2021 and 2022, the Foundation’s disciplined, longterm investment strategy resulted in positive returns for fiscal year 2023 (8.7%), as well as for the previous 3- and 5-year periods (7.5% and 7.1%, respectively).

Foundation endowments continue to be a source of strength and support for the University. As of June 30, 2023, the value of the Foundation’s endowment was approximately $205 million, representing an increase of $5 million over last year. While the endowment

E ndowment market value

of donors who made # ENDOWED PLEDGES AND GIFTS

AS OF JUNE 30, 2023

$205M

FISCAL YEAR 2022-2023

IN TOTAL

7,244

225

ENDOWMENT PERFORMANCE Total Endowment Portfolio (in millions) Fiscal Years 2010-2023

10%

$250M

5%

$225M

0%

$200M

$205

$185

$174

$175M

$163 $149

$150M

$151

$148

$130

$125M

2023

2022

2021

2020

2019

$50M

2018

$75M

2017

*Cambridge Associates: all colleges & universities $100-$300 million

$96

2016

$100M

$116

2015

Peer Institution Median Benchmark Returns*

$117

2014

UL Lafayette Foundation Total Fund Returns

$182

2013

5 Year

2012

3 Year

$200

2011

1 Year

$233

2010

Total Annualized Investment Returns Versus Peers

FISCAL YEAR 2022–2023 TOTAL NEW COMMITMENTS TO THE ENDOWMENT

$3.17 MILLION

AMOUNTS AWARDED FROM ENDOWED FUNDS

$7.87 MILLION

$2.76 MILLION

ENDOWED CHAIR FUNDS AWARDED

$2.29 MILLION

ENDOWED SCHOLARSHIPS AWARDED

ENDOWED PROFESSORSHIP HOLDERS

ENDOWED CHAIR HOLDERS

STUDENT ENDOWED SCHOLARSHIP RECIPIENTS

ENDOWED PROFESSORSHIP FUNDS AWARDED

221

$2.3 MILLION

18

1,099

OTHER PROGRAM SUPPORT

% UNIVERSITY OPERATIONS FUNDED BY ENDOWMENT

$516,000

3.9%

NUMBER OF ENDOWMENT FUNDS RECEIVING

GIFTS AND PLEDGES IN FISCAL YEAR 2022-2023

TOGETHER.LOUISIANA.EDU

126

CAMPAIGN UPDATE A FRAMEWORK FOR THE FUTURE

Together: The Campaign for the University of Louisiana at Lafayette supports the University’s vision for the future — from scholarships to the creation of new programs. To achieve this goal, the campaign aims to increase philanthropic support for three pillars, or areas of support:

1

STUDENT SUCCESS AND TEACHING focuses on increasing scholarship access for undergraduate and graduate students, enhancing teaching and learning environments, expanding programs and optimizing facilities for student-athletes.

Together, WE SHAPE THE FUTURE

2

RESEARCH AND DISCOVERY provides opportunities to attract and retain world-class faculty members, expand existing research programs and partnerships and modernize research facilities to remain competitive.

3

SERVICE TO THE COMMUNITY helps the University expand its impact on K-12 education, enhance performance spaces and strengthen its role in creating a strong regional workforce.

When the University of Louisiana at Lafayette publicly launched the Together campaign in late 2021, its $500 million goal made history. More than two years later, its momentum is poised to support the University’s bold vision for the future.

The Together campaign is the largest comprehensive fundraising initiative in University history. Through the generosity of donors, alumni and friends of the University, the campaign has reached nearly 80% of its goal as of September 2023.

“When a donor establishes a student scholarship, for example, or supports a faculty researcher’s innovative work, or gives to a community service initiative, their generosity flows through us,” UL Lafayette President Dr. Joseph Savoie said. “They’re creating progress that benefits our region and, in many instances, the world.”

Since its start, the campaign has helped to address critical needs inside and outside the classroom. Philanthropic support given through the campaign is preparing the University to meet the needs of the state and the world.

“Our donors are dreaming big and infusing UL Lafayette’s academic, research and service missions with an intense energy,” John Blohm, vice president for University Advancement and CEO of the UL Lafayette Foundation, said. “This momentum will benefit the community we’re proud to serve and the students who come here to pursue their dreams.”

The Together campaign concludes in 2025.

Together CAMPAIGN

BY THE NUMBERS

Take a look at where support for the campaign comes from and where it’s making an impact.

LARGEST CAMPAIGN DONORS TO DATE: $20 MILLION LHC Group to the College of Nursing & Health Sciences

$15 MILLION

Our Lady of Lourdes Regional Medical Center for the Renovation of Cajun Field

CAMPAIGN SUPPORT RECEIVED $110 MILLION

$287 MILLION

has benefited academics and programmatic support

8

Endowed Chairs

27K INDIVIDUALS AND

ORGANIZATIONS HAVE MADE CAMPAIGN GIFTS 60%

employees & alumni

33% 7%

corporations, foundations & organizations

in the creation of:

THE CAMPAIGN HAS RESULTED

has benefited the athletics program

friends, parents & students

47

Endowed Professorships

220

Endowed Scholarship Funds

ESTATE AND PLANNED GIFTS MAKE UP

$33.2 MILLION IN COMMITTED SUPPORT

key component of the Together campaign is garnering support for CAPITAL Acapital improvements that will lead the University into the future.

PROJECTS The campaign has resulted in new facilities, enhancements to facilities for student-athletes to compete and fans to enjoy, and labs and learning spaces that are enhancing the University’s role in creating tomorrow’s workforce.

CAJUN FIELD: Completed in 1971, the home of Louisiana

Ragin’ Cajuns Football has never had a major renovation.

Construction and renovation plans for the facility include premium suites for fans, a dining facility for student-athletes, a new videoboard, lights, sound system, upgraded west side seating, new east side façade, and operational and office spaces for Department of Athletics staff.

THE KATHLEEN BABINEAUX BLANCO PUBLIC POLICY CENTER:

The center is slated to open next spring on the third floor of Edith Garland Dupré Library.

Named for former Gov. Blanco, an alumna and the only woman to hold Louisiana’s highest public office, it is an archive and independent, interdisciplinary center that conducts applied policy-related research to assist decision-makers in their work.

A NEW ENGINEERING COMPLEX:

Housed in a building that is nearly six decades old, the College of Engineering is poised to expand its physical space to better support excellence in education and research. With expansion, students will have access to a modern, cutting-edge facility with enhanced learning opportunities, a stateof-the-art makerspace and the new Engineering Center of Excellence (ECoE).

NURSING SIMULATION CENTER:

The College of Nursing & Health Sciences is home to one of only 130 nursing simulation programs in the world accredited by the Society for Simulation in Health Care. The high-tech simulators can be programmed to exhibit patient symptoms and reactions a nurse might encounter. This provides valuable, practical experiences that translate into improved patient care.

THE LEARNING LAB:

As part of the College of Education & Human Development, the lab will provide a place for high-quality teaching and learning. Learning Lab students will dive into creativity and curiosity through innovation labs, outdoor classrooms and adventure playgrounds. Meanwhile, future teachers will be immersed in a living model of best practices and gain valuable skills.

LOUISIANA SOLAR ENERGY LAB: The largest solar

research facility in the state and one of the largest outdoor testing labs in the southeastern United States, it’s already preparing UL Lafayette students for careers in renewable energy by offering space for teaching, advanced research, and workforce development through hands-on courses.

HEALTH SCIENCES CAMPUS: The University’s new Health Sciences Campus welcomed its first students at the start of the Fall 2023 semester. The campus is located on a portion of a 25-acre tract UL Lafayette acquired from the Catholic Diocese of Lafayette and Our Lady of Lourdes Regional Medical Center. The next phase of development for the campus will include the design and programming for a Regional Simulation Center.

LEGACY OF BELOVED FACULTY MEMBER MEMORIALIZED THROUGH SCHOLARSHIPS When Carolyn Dural, the College of Liberal Arts’ assistant dean and an alumna, passed away in August 2020, her loss was felt deeply.

“Ms. Dural assisted countless students in achieving their dreams. She also taught hundreds of faculty advisors how to help their students succeed.”

– Dr. Joseph Savoie, UL LAFAYETTE PRESIDENT

As a longtime faculty member in the college, she was a fixture, guiding students through their collegiate career, preparing them for bright futures.

“Ms. Dural assisted countless students in achieving their dreams. She also taught hundreds of faculty advisors how to help their students succeed,” said Dr. Joseph Savoie, UL Lafayette president.

Dural earned a bachelor’s degree in sociology and a master’s degree in French from the University. She later taught the latter subject from 1995 to 1998, the same year she became assistant to the dean of the College of Liberal Arts. Her tenure as assistant dean of the college began in 2009.

Her impact was undeniable, and in 2021, two funds were established to honor her legacy by providing support to both faculty and students in the College of Liberal Arts. The Carolyn Dural Memorial Fund will provide annual awards to outstanding faculty and the Carolyn Dural Endowed Student Support Fund will support a variety of student endeavors such as study abroad experiences, conference travel and research.

The funds proved a fitting remembrance of a person whose life’s work was rooted in supporting students and the faculty members who advise them.

UNIVERSITY’S FIRST DEANSHIP STILL CREATING AN IMPACT In early 2021, the University of Louisiana at Lafayette, LHC Group and the Myers Family Foundation announced a historic and transformational partnership designed to further each of their respective missions of recruiting and equipping more nurses and other health care professionals.

The University announced that LHC Group is committing a $20 million investment over the next 10 years in the University’s nursing program, which is the largest private investment an academic unit at the University has ever received.

As a part of the LHC Group investment, the College of Nursing & Health Sciences was able to establish the University’s first endowed deanship to provide discretionary funds for strategic priorities, such as faculty development, research, student activities and outreach efforts.

“We are grateful to LHC Group for the establishment of the deanship and their continued support of the College of Nursing & Health Sciences,” Interim Dean Dr. Lisa Broussard said. “The establishment of this deanship for our college underscores the importance of ensuring that we are equipped to handle the varied needs of our students and faculty.”

An additional critical investment by LHC Group is the endowed simulation lab program, which supports the internationally accredited simulation program. This funding enables the college to maintain state-of-the-art technology that maximizes the student experience, including virtual reality and the latest in high-fidelity simulation.

“Through the deanship, we’ve replaced much-needed equipment, provided professional development for faculty and students and hosted activities and events. All of these enhance our college’s offerings and positively impact student outcomes,” Broussard said.

Lafayette-based LHC Group is a national provider of in-home health care services and innovations for communities around the nation and the joint venture partner for approximately 400 leading U.S. hospitals and health systems. The company operates in 35 states and the District of Columbia and employs approximately 30,000 people.

THE POWER OF ONE: HOW ONE ENDOWMENT IS CHANGING THE COURSE OF ACADIANA HISTORY In 2021, Dr. Terrance Chambers received the Donald & Janice Mosing BORSF Endowed Chair in Mechanical Engineering. This prestigious award for accomplished and tenured faculty supports his research and creative endeavors in energy efficiency, sustainable energy and solar energy.

In addition to his work as a professor and director of the Energy Efficiency and Sustainable Energy Center, he led the development of the development of the Louisiana Solar Energy Program of Excellence at University Research Park, a special project from the U.S. Department of Energy, and, most recently, a new $1.1 billion investment from First Solar, the largest solar energy manufacturer in the Western Hemisphere.

THE SOLAR LAB Housed at one of the largest outdoor solar testing facilities in the southeastern United States, the University of Louisiana at Lafayette’s Solar Energy Lab, housed in Antoun Hall, is poised to have a far-reaching impact on renewable energy.

Chambers oversaw the development of the solar lab, which broke ground in February 2022.

“It is one of the premier facilities in the southeastern U.S. and will solidify the University’s solar program among the best in the nation,” he said.

As a hub for solar research, technology development, instruction, training, outreach, workforce development and industry collaboration, the program supports a comprehensive approach to energy education. This includes considering future consumption needs while keeping the state’s goal of achieving carbon neutrality by 2050.

The 6-acre solar lab at University Research Park produces enough energy to power 19% of UL Lafayette’s south campus – including the Louisiana Ragin’ Cajuns Athletics Complex – and saves the University $120,000 annually in electricity costs.

SOLAR ENERGY WORKFORCE PROJECT In June 2023, UL Lafayette became one of 12 entities nationwide to earn a grant from the U.S. Department of Energy to expand the solar energy workforce and create jobs in underrepresented communities.

The $1 million grant supports the University’s efforts to establish the Louisiana Solar Corps, a statewide solar workforce training and apprenticeship program, in collaboration with other colleges and universities, industry, government and nonprofit organizations.

Chambers, who serves as principal investigator for the project, said this initiative supports the University’s decade-long efforts to build a solar workforce training program. As a leader in energy technology, the University will play a vital role in the workforce development component, with the goal of helping the people who receive the training transition into permanent jobs.

In October, the University received $87 million in funding to create Community Resilience Hubs and lead workforce development. Part of the Hubs for Energy Resilience Operations (HERO), the initiative aims to give communities access to electricity and other vital services during natural disasters. The grant is the largest in University history. Chambers, along with faculty researchers from the College of Engineering, are spearheading the effort.

PARTNERSHIP WITH FIRST SOLAR First Solar, the largest solar energy manufacturer in the Western Hemisphere, is building its fifth U.S. manufacturing facility in New Iberia, La. The facility will be a $1.1 billion investment – believed to be the largest the largest single capital investment in the area’s history.

More than 700 direct, plus at least 694 indirect jobs, will result from the opening of First Solar. The company is relying on UL Lafayette graduates to fill a large portion of the jobs, as well as students for internships and facilities for testing and training. Much of the collaboration will culminate in and around the Louisiana Solar Energy Lab and will be led by Chambers.

Dr. Ramesh Kolluru, the University’s vice president for Research, Innovation and Economic Development, said, “This economic development success [is] made possible by the impactful work of our researchers like Dr. Chambers.”

BOARD OF TRUSTEES 2023-2024

Officers Bryan Hanks, Chairman Donna Landry, Vice Chair Camille Poché, Secretary/Treasurer

Board Members

Georges Antoun Jeanne Billeaud John Blohm, Ex-Officio Donald Broussard Adam Champagne Dr. Jason Cormier Ed Domingues Howard “Eddy” Dupuis Gene Fortier F. Stan Hardee, Jr. Randy Haynie Troy Hebert Dr. Amelie Hollier Dr. Herman Hughes Tommy Kreamer, Immediate Past Chair Sam Landers Dr. Jim Lipstate Wendy Lopez Bill McElligott, Sr. Charlie Moncla Harold “Took” Osborn Steve Oubre Marshall Pierite Jeanine Piskurich Jerry Prejean James “Jim” H. Prince Josh Proffitt Rosalind “Roz” Robertson Dave Romagosa Dr. E. Joseph Savoie, Ex-Officio Don Washington

following information provides UNDERSTANDING YOUR The terms and definitions to assist you ENDOWMENT REPORT in reading your endowment report.

FISCAL YEAR: Your report contains data about the indicated fund from the UL Foundation’s most recent, audited fiscal year (July 1, 2022 to June 30, 2023).

MARKET VALUE OF ENDOWMENT:

Fair market value of your endowment account as of the indicated date(s).

GIFTS RECEIVED: Total amount of contributions received during the fiscal year. Gifts from donors can be in the form of cash, stocks/ securities, real estate and other assets.

NET INVESTMENT INCOME, GAINS & LOSSES: Interest, dividends, realized and

unrealized gains (losses), net of investmentrelated expenses.

For more information on the UL Lafayette Foundation endowment reports, please contact:

ADMINISTRATIVE SERVICE FEE:

The fee paid to the UL Lafayette Foundation to partially fund operational costs, including oversight and administration of endowment accounts.

For Fiscal Year 2023, this fee was 1.5% of the average monthly balance of the market value of your endowment.

ENDOWMENT EXPENDITURES: Funds

provided by your endowment to the University in support of and in accordance with the endowment’s purpose. Each fiscal year, the UL Lafayette Foundation provides a spendable amount to the University, in accordance with the UL Foundation’s endowment spending policy. For Fiscal Year 2023, the spending policy amount was 4.5% of the average estimated market value of the endowment as of the end of 2022.

KARL MECHE Chief Financial/Administrative Officer UL Lafayette Foundation Karl.Meche@louisiana.edu (337) 482-0700

“ There’s no greater act of gratitude than serving our University as a volunteer. Your service is an investment in its future and the promise of its students.”

B ryan Hanks,

CHAIRMAN, UL LAFAYETTE FOUNDATION BOARD OF TRUSTEES

We’d love to hear from you and would appreciate your feedback by scanning the QR code or visiting www.louisiana.edu/ endowment2023.