The Louisiana Tech University Foundation has enjoyed a distinguished history since its founding on October 1, 1962. The first name of the Foundation was "The Louisiana Tech Alumni Foundation," and on August 31, 1987, the Board of Directors adopted a resolution changing the name to "The Louisiana Tech University Foundation."
The Foundation was first formed "to promote the educational and cultural welfare of Louisiana Polytechnic Institute and all departments thereof, and to develop, expand, and improve the College's facilities so as to provide broader educational advantages and opportunities, encourage research and increase the College's usefulness to the citizens of Louisiana and the United States of America." The original purpose of the Foundation continues into the 21st century and has been expanded into the Foundation's mission statement and operating practices.
The Louisiana Tech University Foundation serves a large number of objectives in support of the University, and five purposes shape its core values and missions. These basic values and purposes are:
- to secure private gifts as a resource distinct from state and institutional resources;
- to enlist and use key volunteers in development endeavors on behalf of the institution;
- to engage prospective donors in the University's dreams and aspirations, and steward their investments of time and money;
- to provide a vehicle for important University activities, ventures, and service, such as acquiring real estate by gift or purchase that the University cannot pursue (at least not in a timely manner) because of statutory or regulatory restrictions; and
- to strengthen the University's public image and create an environment conducive to financial support.
From its modest beginning in 1962, the assets of the Foundation had grown to $1.5 million in 1987. The net assets of the Foundation at the end of the 2015-16 fiscal year exceeded $91 million. This includes the management of 14 Eminent Scholar Chairs, 144 Endowed Professorships, 4 First Generation Scholarships and 21 Graduate Scholarships (as of January 2017).
The Foundation operates under the umbrella of the University's Division of University Advancement (which also includes the Louisiana Tech Alumni Association and the Louisiana Tech Athletic Club) and is housed at the Marbury Alumni Center at 900 Tech Drive, Ruston, Louisiana.
The Engineering and Science Foundation, which actually pre-dated the formation of the University Foundation, functions under the umbrella of the University Foundation but retains its own Board of Directors; assets of the Engineering and Science Foundation are included in the assets of Foundation but are accounted for and invested separately.
University Fund (make an online donation)
Cash and Securities
Endowed Professorships and Chairs
Corporate Matching Funds
State Matching Funds