University of Louisville Foundation

Sergey Kuzmin / 123rf Stock Photo

The Internal Revenue Service says it will audit the University of Louisville Foundation.

University of Louisville May Sue Its Own Foundation

Nov 13, 2017
J. Tyler Franklin, WFPL

The University of Louisville is considering suing its own foundation in the wake of a damaging audit and months of talk about recouping misspent money, according to leaders at the U of L Foundation.

J. Tyler Franklin/WFPL

Two Louisville-based foundations have each committed $1 million to cover most of the cost of a forensic audit of the University of Louisville Foundation.

Matt Markgraf, WKMS

Murray State University’s Board of Regents approved on Friday a 'balanced' budget for the next academic year, shifting $7.3 million dollars. They also formally approved Mark Arant as Provost and VP of Academic Affairs, changes to academic programs and numerous other matters. Board Chair Stephen Williams also weighed in on the recent 'scathing' University of Louisville Foundation audit.

Swift Reaction To Scathing University Of Louisville Audit

Jun 9, 2017
Kate Howard, KYCIR, via WFPL

Fallout from the scathing audit of the University of Louisville Foundation started to take hold Friday, while attorneys for two top former school executives pushed back against the allegations.

Kate Howard, KYCIR, via WFPL

The University of Louisville Foundation audit released Thursday paints a picture of excessive and often secret spending on investments, real estate and lavish pay that left the school’s endowment depleted.

J. Tyler Franklin/WFPL News

The state audit of the University of Louisville Foundation found infighting, secrecy and a leader with unchecked power, but none of that was a big surprise.

J Tyler Franklin / WFPL

A state audit of the University of Louisville Foundation found a president with too much unchecked power, numerous examples of broken bylaws and a “dysfunctional governing climate” at the school’s nonprofit.

University of Louisville

A leading supporter of former University of Louisville President James Ramsey is resigning his seat on the school's foundation board.

The Courier-Journal reports that Dr. Bob Hughes sent a copy of his resignation letter to the newspaper on Tuesday.

Hughes, a physician who practices in Murray, remains on the school's board of trustees.

He unsuccessfully fought to retain Ramsey as president of the university and foundation. Ramsey was forced to resign from both positions.

J. Tyler Franklin/WFPL

The University of Louisville Foundation's chairman says the organization's assistant secretary has been placed on paid leave in another shake-up at the school's fundraising arm.

The Courier-Journal reports that in her role as assistant secretary, Kathleen Smith ran the foundation's day-to-day operations.

Smith also served as former UofL president James Ramsey's chief of staff. The 69-year-old Smith retired as the president's chief of staff earlier this month but had wanted to stay on through the end of the year at the foundation to complete some projects.

Pages