Lokey began donating large sums of money to charities in 1990. By 2007, he had donated more than $400 million, of which 98 percent was given to secondary and post-secondary education.
Santa Clara University,
Bellarmine College Preparatory, and
Portland State University. These efforts led to his listing as one of the ten highest donors in the United States by the
Chronicle of Philanthropy in 2006. During his lifetime, Lokey donated over 90% of his fortune, exceeding . He was the University of Oregon's 2017-2018 honorary degree recipient. In 2018, he donated $10 million to the
University of Haifa for the construction of a new building in downtown
Haifa, Israel. As of June 2014, Lokey had also donated a total of $139.9 million to the University of Oregon in
Eugene. This includes a $74.5 million donation in 2007 that was the second most ever given to the school, and the largest donation designated for academics. The facility is named the Lorry I. Lokey Stem Cell Research Building. ==Personal life==