Even though the national economy is hurting, the endowment for our local university has grown considerably over the past five years.

Julie Falgout, executive director of the UL Foundation, says the general endowment has gone from less than $100 million in 2006 to more than $117 million as of June this year. Falgout says over the past year, it's seen a 21 percent return on earnings, well above the 8 percent growth benchmark they consider being good.