# LSU Health Foundation

LSU Health Foundation is a Foundation based in New Orleans, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** New Orleans, United States
- **Region:** North America
- **Address:** 2000 Tulane Avenue, New Orleans, LA, United States
- **Founded:** 1988
- **Assets under management:** $200M+
- **Website:** lsuhealthfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/lsu-health-foundation

## Regulatory record

- **Reports private funds:** No

## About

The LSU Health Foundation was established in 1988 as the primary fundraising engine for LSU Health Sciences Center New Orleans. Operating as a 501(c)(3), the foundation channels philanthropic capital into six professional schools and eight centers of excellence. Its board includes Robert A. Savoie, who also leads the technology firm Geocent, reflecting a governance model that draws on local business leadership. The foundation's deployment strategy blends traditional endowment management with direct real asset ownership tied to its academic mission. Asset-class exposure spans commercial real estate, residential development, and venture funding. The portfolio includes the foundation's headquarters at 2000 Tulane Avenue, a mixed-use lakefront property in Mandeville, and undeveloped land parcels on Tulane Avenue. The foundation also launched the LSU Health Foundation Seed Capital Innovation Fund to back early-stage ventures, participating in programs through the Louisiana Economic Development Corporation. Beyond its balance sheet, the foundation operates through public-private partnerships. A notable example is the $102M Student Living Center developed with Provident Resources Group, which added residential capacity to the New Orleans campus. The foundation holds a curated collection titled The Art of Medicine, housed at the Medical Education Innovation Center. Key relationships include benefactors like Al Copeland Jr., who partnered on the Mariner's Village retirement community. The foundation's architecture combines an operating real estate company with a grant-making endowment, making it structurally distinct from a purely financial endowment. It does not simply allocate to external managers; it originates, develops, and holds mission-aligned property on behalf of the LSU Health Sciences Center, blurring the line between institutional investor and university development arm.

## Sectors

- Healthcare Services
- Education
- Real Estate

## People

- Robert A. Savoie — Board Member
- Al Copeland Jr. — Major Donor and Development Partner

## Questions

### What is LSU Health Foundation's primary mission and how does it deploy capital?

The foundation exists to raise and manage funds exclusively for LSU Health Sciences Center New Orleans. It deploys capital across two primary tracks: direct real estate development that serves the campus — such as the Student Living Center and commercial properties on Tulane Avenue — and a Seed Capital Innovation Fund that makes venture investments. This dual mandate makes it a hybrid between a university development office and a direct investor.

### How does the foundation participate in venture capital?

It operates the LSU Health Foundation Seed Capital Innovation Fund, which targets early-stage ventures, and maintains ties to the Louisiana Economic Development Corporation's venture and seed capital programs. The fund is designed to support innovation that aligns with the Health Sciences Center's research and clinical priorities.

### Who governs the LSU Health Foundation?

The board includes executives such as Robert A. Savoie, who serves as a board member while leading the IT firm Geocent. Governance draws heavily from Louisiana's business community, with major donors like Al Copeland Jr. also deeply involved in foundation-led development projects.

### What are the foundation's principal real estate assets?

The portfolio includes its commercial headquarters at 2000 Tulane Avenue, two undeveloped parcels nearby on Tulane Avenue, the LSU Health New Orleans Student Living Center developed with Provident Resources Group, and a mixed-use lakefront property in Mandeville, Louisiana. These assets serve both an investment and a campus-support function.

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Last updated: 2026-07-08T22:13:27.859Z

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