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Contact: Christine Payton Nov. 1, 2010
(337) 482-6397, payton@louisiana.edu
 
UL LAFAYETTE FOUNDATION RECOGNIZES DISTINGUISHED DONORS
 
Donors to the University of Louisiana at Lafayette were recognized by the UL Lafayette Foundation during a reception Tuesday night.


Each year, the Foundation gets the opportunity to honor donors of new endowments.
This year’s honorees helped establish 21 endowments including professorships, scholarships and faculty development funds.
UL Lafayette President Dr. Joseph Savoie, members of the Alumni Association's Executive Board Sonny Launey, Melanie Martin, Robbie Bush, Alumni Association Director Dan Hare, Foundation Board of Directors President Barry Berthelot

Each endowment is represented with a plaque in the Distinguished Donor Hall of Honor in Martin Hall. This year’s additions bring the total number of plaques in the Hall to 299.

Each plaque includes the names of the donors and represents a contribution of $50,000 or more.

“ We want to thank these donors who are making a lasting impact on our university,” said Julie Bolton Falgout, executive director of the Foundation.

“ We value their generosity and commend them for creating these endowments. And, we are fortunate to have this opportunity to show our gratitude for such generosity.”

The Distinguished Donor Hall of Honor recognizes private gifts given to the university. These gifts generate funds in perpetuity.

UL Lafayette President
Dr. Joseph Savoie, Gloria Callais
and Foundation Board of Directors
President Barry Berthelot
The principal from the endowment remains in a perpetual fund that is invested while earned income is distributed for student scholarships, professor salaries, research supplements or other designated programs.

To date, the Foundation ’s endowment is valued at more than $103 million with more than 920 endowed funds.
UL Lafayette President Dr. Joseph Savoie, Elsie Caillouet, Velma Sibille, Dr. Lewis Cummings and Foundation Board of Directors President Barry Berthelot

Opportunities available through the Board of Regents Support Fund allows for funds raised to be matched by the state for endowed chairs and professorships.

As as example, for every $600,000 UL Lafayette receives for an endowed chair, the state matches $400,000, bringing each chair to $1 million.
UL Lafayette President Dr. Joseph Savoie, Claire Hesse Judice, Stephen Hesse and Foundation Board of Directors President Barry Berthelot

Likewise for every $60,000 UL Lafayette receives for a professorship, the state provides a $40,000 match, bringing each professorship to $100,000. The Board of Regents offers a similar program for first-generation endowed scholarships.

“ These endowments are very important to the university,” said Dr. Joseph Savoie UL Lafayette president. “They will help students and faculty now and in the future continue the university’s tradition of delivering an excellent education. We thank our generous donors for this. ”

On Tuesday, donors who established the following endowments were honored:
UL Lafayette President Dr. Joseph Savoie, Jean Piccione, Philip Piccione and Foundation Board of Directors President Barry Berthelot

• Paul A. Callais Memorial Endowed First-Generation Scholarship in Economics and Finance II

• James H. Guilbeau Jr. and Thelma Cummings Guilbeau Endowment in History

• Dr. Robert and Marjorie Hesse Memorial Endowed Professorship in Business Administration

• Morgan Keegan Endowed Professorship in Business Administration

• Mr. and Mrs. E. P. “Pat” Nalley Endowed Professorship in Business Administration 2010

• Philip and Jean Piccione Endowed Professorships in Statistics VII and VIII

• Gordon Rickels Memorial Endowed Honors Scholarship

• Drs. Pat and Milton Rickels Endowments for the Honors Program and College of Liberal Arts

• UL Lafayette Alumni Association Endowed Scholarships.


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Document last revised Tuesday, November 2, 2010 2:51 PM

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