The Longwood University Foundation, Inc. focuses on honoring donor intent and creating benefit for the University through prudent investment of its endowment that supports stable and steady stewardship of gifts.
Longwood Foundation
The Foundation provides for the betterment of Longwood University and her students through the execution of sound investment portfolio management and administration of the endowment, operational and program funds along with administration of the endowment’s scholarship awards. We also successfully coordinate our fundraising, reporting and donor relationship management with the University’s talented Department of Institutional Advancement.
Investments
The Foundation strives to meet our long-term investment goals through the use of professional investment managers and self-directed funds. These goals include not only achieving investment return benchmarks to allow for continued growth in our scholarship payout, but also prioritizing the preservation of endowment principal and tight management of underlying investment risks. The Foundation endeavors to meet established investment benchmarks for 10-year average returns and limit the effects of any short-term market volatility.
Scholarships
Awarding scholarships is a key component of the Foundation’s purpose. By maximizing donor support through strategic investments and timely distribution of resources, the Foundation awarded $2.9 million in scholarships for the 2023-2024 academic year.
University Support
The Foundation also provides support for many University academic, institutional and athletic programs. The Foundation provided approximately $2.8 million for the 2023-2024 academic year.
Key Foundation Milestones
- 1959 – LUF is incorporated as a private, independent foundation
- 1980 – LUF assets exceed $1 million
- 1989 – LUF assets exceed $5 million
- 1997 – LUF assets reaches approximately $15 million and awards over $500,000 in scholarships
- 2002 – LUF establishes the Lancer Student Investment Fund
- 2009 – LUF awards over $1 million in scholarships
- 2017 – LUF receives $10 million gift for scholarships and transformational learning experiences
- 2020 – LUF assets exceed $100 million
- 2021 – LUF awards over $2 million in scholarships
Check out our YouTube channel to discover in-depth videos showcasing a few of the scholarships we offer.