Louisville Medical Center Development Corporation
To hold and administer tax increment financing (TIF) for real estate projects.
Louisville Medical Center Development Corporation at a glance
In short: Louisville Medical Center Development Corporation gave $84.8M across 1 grant in 2024 (avg $84.8M), mostly in Kentucky. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $84,798,640
- +287.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $84,798,640
- +287.2% vs 2023
- Median grant
- $84,798,640
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Louisville Medical Center Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Louisville Real Estate Foundation Inc ($84.8M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was $5M or more: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Louisville Medical Center Development Corporation gives
- Giving grew 1567% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $5.1M (2021) to $84.8M (2024). In 2024 it made 1 grant totaling $84.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville Real Estate Foundation Inc Louisville, KY | General support and asset transfer upon merger with university of louisville real estate foundation, inc. | $84,798,640 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | — | $965,599 | $89,237,262 | $84,798,640 | 1 | $59,760 |
| 2023 | $88,271,663 | $21,350,030 | $26,348,417 | $21,903,002 | 1 | $198,631 |
| 2022 | $95,269,229 | $9,026,175 | $10,933,281 | $6,500,000 | 1 | $3,665 |
| 2021 | $97,176,335 | $8,068,476 | $9,525,797 | $5,088,100 | 1 | $1,234 |
| 2020 | $98,636,432 | $2,454,280 | $4,477,560 | — | — | $9,269 |
| 2019 | $100,622,733 | $9,689,165 | $15,166,247 | $10,735,431 | 1 | $50,418 |
About Louisville Medical Center Development Corporation
Based on IRS filings
Louisville Medical Center Development Corporation is a public charity focused on Health, based in Louisville, KY. IRS filing data is available from 2019 through 2024. In 2024, it awarded 1 grant totaling $84.8M. Net investment income was $60K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Louisville Medical Center Development Corporation is led by Keith Sherman, Chair on every filing since 2019; none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
Keith Sherman
Chair
On filings since 2019
1 hr/week
No compensation reported
Craig Hawley
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Mariah Gratz
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Jill Force
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Powell Spears
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Charlie Dahlem
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Jessica Cole
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Kim Schatzel
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Mark Nickel
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Scott Brinkman
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Jake Smith
Director
New on the 2024 filing
0.5 hrs/week
No compensation reported
Steve Gault
Vice Chair & Secretary
Director → Vice Chair & Secretary, 2023
On filings since 2019
1 hr/week
No compensation reported
Former officers (9)
- Former: Earl Reed (2019–2023) — Director
- Former: Ken Payne (2019–2023) — Director
- Former: Paul Carrico (2019–2023) — Director
- Former: Sandy Metts Snowden (2019–2023) — Director
- Former: Lori Gonzalez (2022–2023) — Director
- Former: Derrick Littlejohn (2019–2022) — Director
- Former: Neeli Bendapudi (2019–2022) — Director
- Former: Robert Koetter (2019–2021) — Director
- Former: Michael Bowers (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Louisville Medical Center Development Corporation
How much does Louisville Medical Center Development Corporation give each year?
Louisville Medical Center Development Corporation gave $84.8M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $21.9M across 1 grant.
What is Louisville Medical Center Development Corporation?
Louisville Medical Center Development Corporation is a public charity focused on Health, based in Louisville, KY.
Where does Louisville Medical Center Development Corporation operate?
Louisville Medical Center Development Corporation has awarded grants in Kentucky.
What is Louisville Medical Center Development Corporation's EIN?
Louisville Medical Center Development Corporation's EIN (Employer Identification Number) is 61-1320759. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 29, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Louisville Medical Center Development Corporation funds
Health Open opportunities, soonest deadline first.
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