Name: The Investment Office
Assets Under Management: $606 Million (Source: Loyola University of Chicago on 6/30/2014)
Annual Report: Loyola University of Chicago’s FY 2014 Financial Statement
Portfolio Insights: “Loyola University of Chicago (referred to as Loyola University Chicago or LUC) is a private, coeducational, not‐for‐profit institution of higher education and research founded in 1870 by the Society of Jesus (Jesuits). LUC’s patron saint and namesake is St. Ignatius Loyola (1491‐1556), the founder of the Society of Jesus, which today is the largest religious order in the Roman Catholic Church. LUC operates on eight campuses providing educational services to approximately sixteen thousand students primarily in undergraduate degree programs as well as graduate and professional degree programs. LUC performs research, training, and other services under grants and contracts with government agencies and other sponsoring organizations. The LUC consolidated financial statements are comprised of Higher Education, Mundelein College (Mundelein), and Loyola Rome Center Foundation (Foundation). Mundelein exists to provide limited services for the benefit of LUC. The Foundation fosters, promotes, disseminates, and enhances the mission and values that govern LUC’s John Felice Rome Center campus and LUC’s programs in Italy.” (Source)
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Top Loyola University of Chicago Endowment Fund Headlines:
1) Loyola University Chicago has pledged to accomplish 10 out of 12 environmental goals outlined in the Illinois Sustainable University Compact. The Office of University Environmental Sustainability was established in 2008 and employs a full-time director. Sustainability has been incorporated into employee orientation, and departments are encouraged to develop their own green action plans. The university is targeting a 10 percent reduction in per-credit-hour gas and electricity use by 2014. Loyola is upgrading many of its buildings with energy-efficient technologies, such as energy management systems, heat recovery systems, LED lighting, and lighting sensors. The campus also features solar-powered flashing stop signs, and green IT policies and campaigns to reduce lab energy use are in place. (Source)
2) Mar 19, 2014 – On Tuesday evening, Loyola University of Chicago became the first Catholic institution, and the first from the state of Illinois, whose student government has passed an anti-Israel divestment resolution.
The resolution, which a source says was not announced in advance, and faced no debate or opposition, called for the university “to divest from corporations profiting from Israel’s occupation” and passed unanimously, with twenty-six votes in favor and two abstentions. (Source)
3) Loyola University of Chicago was awarded $998,194 in funding through the High-Risk Youth Mentoring Research and Evaluations Program for high-risk youth mentoring research. This research aims to promote positive development among African -American and Latino youth. (Source)
4) Loyola University of Chicago received $50,999 to pilot and evaluate a series of water conservation measures focusing on behavior-change campaigns for students and employees on campus and conservation retrofits in residence halls and laboratories. The university predicts annual water savings of at least 2.5 million gallons. They will also produce a Resource Tool Kit to assist other universities and institutions to conserve water. (Source)
5) Loyola University of Chicago political science professor Alan Gitelson believes it is likely that Congress will resolve the budgetary issue before the funding deadline, but “there’s absolutely no certainty at this particular point” and no way of “knowing to what degree they’re going to have to compromise on this issue.”
“The antagonisms are significant between the Democrats and the Republicans, and particularly between the Republicans and the president. And having said that, the Republicans internally have tensions that they have to deal with,” he explained.
“We know that both the Democratic leadership and members and the Republican leadership want to resolve this issue,” Gitelson continued. “What we don’t know at this particular point in time is how much pressure can be placed on the Republican leadership to resolve the issue.” (Source)