All posts tagged "Keith Sherman"

  • Op-ed: Foundation declares “clean bill of health,” looks to the future

    By Keith Sherman, U of L Foundation Director– 884. That’s the number of consecutive days the University of Louisville Foundation was under review from the Kentucky state auditor, a forensic auditing firm and our financial auditor. But...

    • Posted January 15, 2018
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  • Donors to help pay forensic audit’s $2.2 million tab

    By Shelby Brown– The James Graham Brown Foundation and C.E. and S. Foundation pledged $1 million each to help cover costs for investigating the U of L Foundation. June’s investigative audit, released publicly June 8, now totals upwards of...

    • Posted August 8, 2017
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  • Grawemeyer hall, thinker, thinker statue, u of l, louisville, university of louisville
    University charts future, expects progress

    By Shelby Brown– While many students deserted U of L this summer, administrators repair damages done by their predecessors. The board of trustees and the foundation have met several times during the summer to discuss the university’s progress. “These...

    • Posted June 30, 2017
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  • ULF, ULREF, ad hoc
    Takeaways from back-to-back Foundation meetings

    By Shelby Brown– The new forensic investigation committee, U of L Real Estate Foundation and the U of L Foundation board of directors met in succession June 22, barely breaking for lunch. The forensic group, still in...

    • Posted June 22, 2017
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  • U of L Foundation fires Kathleen Smith

    By Shelby Brown– The U of L Foundation has fired administrative officer Kathleen Smith, who had been on paid leave following the resignation last fall of former President James Ramsey. Chief Operating Officer Keith Sherman confirmed Smith’s...

    • Posted June 22, 2017
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  • U of L Foundation
    Updated: U of L Foundation operating conservatively, hopes to see donors return

    By Shelby Brown– The U of L Foundation’s interim director says the dwindling non-profit will be stabilized by following previously-ignored financial advice from its investment managers. “They gave certain advice that wasn’t necessarily heeded or accepted,” Keith...

    • Posted May 30, 2017
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  • U of L Foundation approves its first line-item budget

    By Kyeland Jackson — The University of Louisville Foundation approved its first line-item budget Tuesday, a common financial practice unseen in former president James Ramsey’s tenure. The line-item budget, a move towards transparency, details what assets and liabilities...

    • Posted April 25, 2017
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  • U of L Foundation overspent under Ramsey

    By Shelby Brown– The U of L Foundation overspent drastically under former president James Ramsey, over-reported its assets and is struggling to find new donors, according to a report in today’s meeting. Foundation executive director Keith Sherman...

    • Posted March 14, 2017
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