Development Office gives U of L room to grow By John Friedlein Staff Writer U of L's money raisers are good at what they do. From rubbing elbows with multimillionaires, to soliciting alumni on the phone, the University's Development Office employs a variety of methods to bring in big money.
Endowments are self-generating money machines.
According to Rich Colins, Vice Prsident of Developmetn, a majority of the endowment is invested in equities and bonds. The University's investments are augmented by private investors, as well. Furthermore, Collins said private endowments are matched by the legislature. The funds are directed to the various colleges, schools, programs and libraries. In this way, the alum often gets involved.