the most surprising thing to me was how small the endowment fund was and is. $165 million is now $130 million. That's not quite university status...
Then again, it probably ranks in the top 3% for cash balances among all tax-exempt nonprofits.
That's kind of a crazy point. Our endowment is not counting on bake sales and car washes for revenue. I would hope we are in the top 1% of all tax-exempt non profits in the U.S. Unfortunately, we're only competing with Universities, not the local Key Club.
For percpective, yesterday someone gave $300 million to the University of Chicago's Business School. Most universities count their endowments with a $B not an $M. Loyola's is paltry in comparison.
