All posts tagged "ULF"

  • Foundation nominates six new directors

    By Kyeland Jackson — The University of Louisville Foundation’s nominating committee nominated six at-large directors to the ULF board Feb. 7. ULF’s committee suggested the following members and term end dates: Mike Bowers – June 30, 2018 Laura Douglas...

    • Posted February 7, 2017
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  • The Louisville Cardinal News
    Foundation to nominate new directors

    By Kyeland Jackson — The University of Louisville Foundation’s nominating committee is scheduled to nominate new at-large directors to ULF’s board tomorrow. The committee meets Feb. 7 at noon. Nominations, if approved, require foundation board approval before...

    • Posted February 6, 2017
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  • Brief: Foundation elects Diane Medley as chair

    By Kyeland Jackson — Diane Medley has officially been named the University of Louisville Foundation’s chair, with Mark Lynn elected as treasurer. Brucie Moore was the foundation chair before Medley, but was deposed by Senate Bill 12’s...

    • Posted January 24, 2017
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  • U of L Foundation; ULF
    Internal foundation audit could cost up to $897,000

    By Kyeland Jackson — An internal audit investigating the University of Louisville Foundation’s financial records and procedures will cost up to $897,000. The Courier-Journal first reported the story, obtaining the contract between ULF and Alvarez & Marsal,...

    • Posted December 24, 2016
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  • Foundation spending deemed unsustainable

    By Kyeland Jackson — Spending by the University of Louisville Foundation could soon outstrip its resources, according to Cambridge Associates, ULF’s financial advisors. Cambridge Associates made the statement Wednesday as part of an annual endowment update. Their...

    • Posted December 21, 2016
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  • Grawemeyer Hall U of L
    Audit unearths dysfunction and questionable financial deals between U of L, foundation

    By Kyeland Jackson — After 18 months of investigation, Kentucky Auditor Mike Harmon’s audit found questionable practices between the University of Louisville and the U of L Foundation, U of L’s endowment manager. Citing “serious weakness” in ULF’s...

    • Posted December 14, 2016
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  • Grawemeyer Hall U of L
    U of L Foundation receives negative debt rating

    By Kyeland Jackson — Moody’s, a debt rating service, has changed the U of L Foundation’s rating from “stable” to “negative,” according to a statement released by the group May 23 and a report by the Courier-Journal. The rating...

    • Posted May 27, 2016
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  • James Ramsey
    Foundation paid Ramsey nearly $3 million in 2014

    By Kyeland Jackson — President James Ramsey was paid $2.8 million by the University of Louisville Foundation in 2014, $1 million more than he was paid in 2013. Originally reported by the Courier-Journal, tax returns from the...

    • Posted May 26, 2016
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  • UL Foundation secretly discusses Ramsey in meeting

    By Olivia Krauth– The University of Louisville Foundation secretly discussed a show of support for President James Ramsey Monday, but only after closing the room to the public. One lawyer says it was an illegal discussion. According...

    • Posted March 9, 2016
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  • The Louisville Cardinal News
    U of L Foundation loses $66.2 million

    By Kyeland Jackson — The U of L Foundation finance committee reported a loss of $66.2 million in its endowment to President James Ramsey, Board of Trustees Chair Larry Benz and U of L Foundation members today. Director of...

    • Posted March 7, 2016
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