Our Impact

Once $50,000 is raised, the scholarship will be fully endowed, perpetually providing support to the spirit teams.

Loyola published the following guidance and disclaimer explaining how an endowed scholarship works:

$50,000 Endowed fund
x 8% Estimated rate of return
= $4,000 Investment return
$2,500 Available for scholarship disbursement
$1,500 To manage and grow fund principal

The above example is for illustration purposes only. Endowments are long-term accounts with a minimum balance requirement. The Loyola University endowment accounts are all pooled and invested as one portfolio. The spending formula to be used distributes annually 5% of a trailing 12-quarter average of the endowment’s total market value, with the understanding that this spending rate over the long term will not exceed total real return (return net of inflation) from investments. The annual amount will be distributed in accordance with guidelines set by the donor. Net returns in excess of the spending rate increase the market value of the endowment pool. The pool is invested over an infinite time horizon with the goal of maintaining the value in real terms, thus providing a steady flow of income.