Throughout the centuries, education has been one of humanity’s highest aspirations. The quest for greater understanding of our world defines our essential humanity and underpins the guiding spirit of our growth and evolution. It is the purpose, process, nature and ideals of education that drive our great universities.
It is this same calling that drives The University of Louisville Foundation. The Foundation’s vision is to make the University of Louisville a premier metropolitan research university recognized for advancing the intellectual, social and economic development of our community and its citizens while placing the University among the top tier of similar universities in the nation.
Founded in 1970, the Foundation is directed and supervised by a 15-member board of directors whose members each serve three-year terms. A majority of the board of directors are not members of the board of trustees or officers or employees of the University. The president of the university serves also as president of the Foundation and as a member of the Board. The Foundation is an independent 501(c)(3) not for profit corporation that holds, invests and designates funds of the University.
The students, academic staff, schools, colleges and libraries of the University rely heavily on support generated from the endowments of the Foundation. These funds are invested and managed by the Foundation in support of the university’s education, research and service goals and used for scholarships, endowments, research chairs, grants and other academic initiatives. Gifts to the University are managed according to the wishes of the donor and the appropriate University departments. Gifts without restrictions are managed at the discretion of the Foundation Board upon recommendation of the president. The Foundation’s efforts have driven the University’s endowment into the ranks of the top 100 colleges and universities in the United States.
Source: 2013 NACUBO-Commonfund Study of Endowment