LSU’s Athletic Department will transfer $10 million to the University this year, the department announced in a news release Monday.
“Our athletic department is sincerely committed to supporting the academic mission of the university, and we’re extremely proud to transfer over $10 million this year,” said Director of Athletics Joe Alleva in the release. “These funds provide vital resources for our students, faculty and staff, and they help to sustain LSU as one of the top research institutions in the country.”
Since 2012, the Athletic Department has contributed $7.2 million per year to the University, a number set in the Athletics Fund Transfer Policy by the LSU Board of Supervisors. According to the policy, each year the department receives a surplus, a part of that surplus must be added to the annual $7.2 million, according to the release.