What is the difference between The Fund for LMU (Annual Fund) and the endowment?
The Fund for LMU, our annual fund, supports the annual needs of the university to provide a meaningful educational experience. We access these funds throughout the year as needed and they are designated for current year use, much like a check book. An endowment is similar to a saving account; these funds are invested for future initiatives to ensure longevity of programs, scholarships and other student-centered programs. LMU usually spends only 5% the investment earnings from its endowment so that we can save for future needs of the university.
