The Eye Street Reserve Fund will provide an ongoing source of funding for faculty salaries, academic departments, extracurricular activities, and other essential elements of the Gonzaga experience. The goal is to give Gonzaga the liquidity and financial flexibility we need to respond to changes in circumstances or strategic opportunities as they arise.
Why is building Gonzaga's reserve fund a campaign priority?
Jesuit education—with its focus on educating the whole person through rigorous academics, meaningful service and retreat opportunities, and robust extracurricular activities—is expensive. Because of this, tuition alone falls far short of covering the cost of a Gonzaga education. The Eye Street Reserve Fund will allow us to continue our Jesuit tradition of academic excellence while fulfilling our mission of forming young men who are religious, loving, intellectually competent, open to growth, and committed to doing justice.
Why a goal of $15 million?
Every year, Gonzaga must raise at least $3 million in unrestricted funds in order to cover our tuition gap and operating expenses. This annual obligation limits our ability to address unanticipated expenses or invest in long-term projects. Creating a board-designated fund within Gonzaga's endowment of $10 million will provide the necessary income to handle the unexpected and seize upon strategic opportunities when they arise.