2 trustees call for foundation to be folded into university

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LOUISVILLE, Ky. (AP) — Two trustees at the University of Louisville are calling for change at an independent foundation that manages the school’s $1.1 billion endowment.

The Courier-Journal (http://cjky.it/1FA3ejI) reports Steve Wilson and Craig Greenberg said they think the University of Louisville Foundation should answer to the Board of Trustees to ensure transparency and allow for better coordination of compensation packages for top officials.

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In addition, Wilson is also asking the state to audit the foundation and the university.

The moves come after news reports in February about large deferred compensation packages awarded to President James Ramsey, Provost Shirley Willihnganz and Chief of Staff Kathleen Smith.

Dr. Robert Hughes, who is chairman of the trustees and the foundation, called the actions of Wilson and Greenburg "disrespectful" and said they should have made their request through the board instead of the media.

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Information from: The Courier-Journal, http://www.courier-journal.com

 

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