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FAQ’s

Your Foundation

FAQs

View our commonly asked questions at LSU Health Foundation. Contact us if you do not see your question listed below.

What is LSU Health Foundation?

The Foundation is LSU Health Sciences Center’s premier academic fundraising and support organization.

 

Where is the Foundation located?

The LSU Health Foundation is located across the street from the University Medical Center in a new four-story, 22,000 square foot office building. The $8.5 million FEMA funded project replaced of the previous facility that was destroyed by Hurricane Katrina. The first level includes convenient parking.

 

What are the Foundation’s goals?

The Foundation actively seeks financial support to advance student learning, faculty quality and research goals at the LSU Health Sciences Center.

 

Can I determine where my support goes?

Absolutely. You can direct your gift to support a particular department in one of the six schools or Centers of Excellence. We can also help you find ways to support specific research programs, scholarships, student life programs and any other facet of the educational experience.

 

How do I give to the Foundation?

Click on the “Give Now” links located throughout our website. Or give us a call at 504.568.3712 and ask about giving.

 

Will my gift to the Foundation be tax deductible?

LSU Health Foundation is a 501(c)(3) non-profit organization. Your gift receipt amount is tax deductible to the extent allowed by law. No goods or services were provided in exchange for your donation. For instance, if you support the foundation by purchasing an item at an auction or a ticket to a fundraising event, the value of the goods or services will be included with the receipt. That way you can calculate the deductible amount on your taxes.

 

Will my gift and name be publicized?

Unless you request otherwise, your name and gift will be acknowledged in Foundation publications such as our annual report. If you choose, you may request anonymity.

 

What is an endowment?

An endowment is a charitable gift that is invested and managed in a way that allows it over time to provide an income stream to the beneficiary while maintaining the gift’s purchasing power in perpetuity. The goal is to invest endowed funds in a diverse pool of asset classes to earn a long term rate of return that will maintain the funds’ purchasing power while providing an annual income to the beneficiary.

 

How do the LSU Health Foundation and Medical Alumni Association work together?

The Medical Alumni Association focuses on maintaining and growing alumni relationships with the School of Medicine, while the Foundation focuses on providing academic support for all six schools and managing the endowments for those schools.