Educational Institutions

LSU Foundation

  • Baton Rouge, LA
  • www.lsufoundation.org

Mission Statement

The mission of the LSU Foundation is to foster private financial support for LSU, the LSU AgCenter, the LSU Law Center and the LSU System Office. The Foundation encourages and receives restricted and unrestricted capital gifts and bequests for the university. The Foundation also manages most of the investments and serves as trustee for most of the endowed funds and other private assets contributed for the benefit of the university. The Foundation's development program supports the activities of LSU academic units by attracting contributions for scholarships, professorships, endowed chairs, library resources, computers and laboratory equipment, research studies, works of art, musical instruments, construction and renovation of facilities, and many other purposes that cannot be financed entirely with state funds.

Main Programs

  1. Academic and research activities
Service Areas

Self-reported

International

LSU Foundation is a support organization for Louisiana State University, the LSU AgCenter, the LSU Law Center and the LSU System Office. LSU serves the international community.

ruling year

1963

President and CEO since 2015

Self-reported

Stephen Moret

Keywords

Self-reported

university, endowment, Lousiana, education, students, scholarships, professorships, chairs

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EIN

72-6020969

 Number

5589917105

Contact

Cause Area (NTEE Code)

Higher Education Institutions (B40)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Academic and research activities

LSU Foundation provides support in the following endeavors: -Academic and research activities: operational support expenses to supplement state funding and aid the 17 academic colleges of the university, as well as the law center and agricultural center, in accomplishing the University's mission. -Chairs and professorships: expenses to directly support the scholarly activities of over 500 specifically distinguished university faculty holding designated chairs and professorships. -Scholarships and fellowships: financial support for university graduate and undergraduate students through approximately 1,000 available scholarships and fellowships. -Capital outlay: acquisition of equipment and construction of facilities for use in the academic and research endeavors of the University. -Othe program support: general support, such as (1) salary support for academic leadership positions, such as chancellors and vice-chancellors, (2) institution-wide academic programs, such as the chancellor's distinguished lecture series and hosting visiting scholars, (3) student and faculty recruitment, (4) service awards for outstanding faculty and professional staff, and (5)travel to national and international business seminars and conferences for deans of academic units.

Category

Education

Population(s) Served

Other Named Groups

Budget

$43,650,120.00

Service Areas

Self-reported

International

LSU Foundation is a support organization for Louisiana State University, the LSU AgCenter, the LSU Law Center and the LSU System Office. LSU serves the international community.

Social Media

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

L S U FOUNDATION
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

LSU Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair and Board Members
  • Access to the GuideStar Community
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President and CEO

Stephen Moret

BIO

Stephen Moret joined the LSU Foundation as president and CEO in May 2015. As a liaison to the LSU president to ensure more efficient, effective fundraising efforts, Moret's duties include establishing and communicating fundraising priorities, as well as coordinating fundraising activities throughout LSU campuses and philanthropic affiliate organizations.

Prior to joining the LSU Foundation, Moret was Louisiana Economic Development Secretary from 2008 until April 2015. Over that time, LED secured projects that are resulting in more than 91,000 new direct and indirect jobs and $62 billion in capital investment. During Moret's tenure, LED repeatedly was recognized as one of the top-performing state economic development agencies in the U.S., and Louisiana now ranks higher in every national business-climate ranking than it ever did before 2008. Prior to being appointed by Gov. Jindal, Moret served as president and CEO of the Baton Rouge Area Chamber from 2004 to 2008. Under his leadership, BRAC grew into a national-caliber regional economic development organization and revenues tripled. Moret is a former management consultant with McKinsey & Company, where he specialized in service operations, and a former project supervisor with Trinity Consultants, where he advised large industrial facilities on environmental issues related to major plant expansions. He was assistant to the chancellor of LSU, an independent consultant to Harvard University, and a public policy fellow with the Public Affairs Research Council of Louisiana, or PAR. His research at PAR on restructuring Louisiana's higher education system earned the Most Distinguished Research Award from the national Governmental Research Association.

In 2008, Moret was a contributing author to “Retooling for Growth: Building a 21st Century Economy in America's Older Industrial Areas," a book published by Brookings Institution Press. He earned a B.S. in mechanical engineering from LSU, where he was elected president of the student body, and an MBA from Harvard Business School, where he was elected co-president of the student body and was a recipient of the Dean's Award for exceptional leadership and service. In May 2016, he earned a doctorate in higher education management from the University of Pennsylvania, where his research and dissertation focused on the linkages between postsecondary education and the labor market.

Governance

BOARD CHAIR

Mr. T. Cass Gaiennie

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?