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Endowments

Establishing an Endowment

Gifts to endowments are not spent; rather they are invested to maximize the return on investment and create income that is used to fund the specific areas designated by the endowment’s creator. As the endowment continues to grow through a steady flow of funding each year, it generates greater levels of income and impact.

The goal is to ensure that the principal maintains its purchasing power over time to support future generations. The larger the endowment is, the greater the income that can be provided; therefore, there are more opportunities available for students, faculty and strategic University programs.

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Marcia and Billy Beer Endowment

Marcia Beer

The LSU Health Foundation New Orleans has received a $7.5 million gift from the estate of Marcia and Billy Beer. This is the largest gift in the Foundation’s history. The endowed donation will support tuition scholarships to LSU Health New Orleans School of Medicine. The scholarships will be funded by the interest earned on the gift, leaving the principal intact to grow for new scholarships forever. They will allow qualified students who would otherwise be unable
to afford medical school to become physicians.

Billy Beer had a career in finance, and Marcia Beer was an Executive Vice President of a major local bank before Billy’s illness connected him to LSU Health New Orleans. The excellent care Billy received from LSU Health physicians throughout his adult life managing his polio and post-polio syndrome inspired the couple to name the LSU Health Foundation as a beneficiary
of their estate.

This transformative gift will allow the Foundation to provide ten full medical school tuition scholarships to the LSU Health New Orleans School of Medicine in perpetuity,” notes Dr. Steve Nelson, Interim Chancellor of LSU Health New Orleans.