canesproponent
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Fiscal Year 2020 - Louisiana State University
As LSU is putting together its $562 million operating budget for the coming year, administrators have discovered they’ll probably come up about 3% short, but the Board of Supervisors wants to try to find the money elsewhere and not raise fees again.
While the amounts received from the state were like last year, Louisiana taxpayers have reduced their appropriation to LSU by roughly half since 2009. LSU received received $254 million from state coffers in 2009 and $115 million for this fiscal year. The difference has been made up, in large part, by fee and tuition increases.
Another example of an affiliate is the Tiger Athletic Foundation. Formed in 1983 to support LSU’s football, baseball and other athletic programs, TAF is a nonprofit sitting on nearly a half billion dollars in assets, $498.7 million in 2017, and a quarter billion in funds, $244.4 million, according to disclosures filed with the Internal Revenue Service. TAF’s principal offices are in the Pete Maravich Assembly Center on the LSU campus.
As LSU is putting together its $562 million operating budget for the coming year, administrators have discovered they’ll probably come up about 3% short, but the Board of Supervisors wants to try to find the money elsewhere and not raise fees again.
While the amounts received from the state were like last year, Louisiana taxpayers have reduced their appropriation to LSU by roughly half since 2009. LSU received received $254 million from state coffers in 2009 and $115 million for this fiscal year. The difference has been made up, in large part, by fee and tuition increases.
Another example of an affiliate is the Tiger Athletic Foundation. Formed in 1983 to support LSU’s football, baseball and other athletic programs, TAF is a nonprofit sitting on nearly a half billion dollars in assets, $498.7 million in 2017, and a quarter billion in funds, $244.4 million, according to disclosures filed with the Internal Revenue Service. TAF’s principal offices are in the Pete Maravich Assembly Center on the LSU campus.