The foundation supports the university of louisville in its effort to maintain its distinction as a premier, nationally recognized metropolitan research university while promoting the university's departments in their educational, scientific, and literary efforts and enterprises. By maximizing private charitable support and investing prudently, the foundation helps keep the university in a leadership position for research and academic instruction.
Key facts about University of Louisville Foundation Inc
In short: University of Louisville Foundation Inc gave $67.5M across 2 grants in 2025 (avg $33.7M), mostly in Kentucky. Source: 2025 IRS Form 990.
- EIN
- 23-7078461
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $67,498,401
- Grants made (2025)
- 2
- Average grant
- $33,749,201
- Median grant
- $33,749,201
- Total assets
- $1,207,594,633
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.2B
+4.0% YoY
Annual Giving
$67.5M
+2.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$33.7M
+2.5% YoY
How University of Louisville Foundation Inc gives
- Giving grew 20% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About University of Louisville Foundation Inc
Based on IRS filings
University of Louisville Foundation Inc is a public charity focused on Education, based in Louisville, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2B in total assets. In 2025, it awarded 2 grants totaling $67.5M. Net investment income was $16.1M.
Focus Areas
Open Grants
6 open opportunities from University of Louisville Foundation Inc
GEA Scholars Program
University of Louisville Foundation Inc
Amount
$10,000
Deadline
Deadline not published
Grawemeyer Award for Education
University of Louisville Foundation Inc
Amount
$100,000
Deadline
Deadline not published
Grawemeyer Award for Ideas Improving World Order
University of Louisville Foundation Inc
Amount
$100,000
Deadline
Deadline not published
Ready to take the next step with University of Louisville Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $50.1M (2021) to $67.9M (2023). In 2025 it made 2 grants totaling $67.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of Louisville ($65.1M). Together the top 2 received $67.5M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was $5M or more: 9 grants of 10 (90%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville Louisville, KY | Operational and Development Support | $65,110,894 |
| U of L Health - Louisville Inc Louisville, KY | General Support | $2,387,507 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,207,594,633 | $1,161,032,051 | $1,057,025,817 |
| Revenue | $49,019,760 | $65,921,956 | $52,798,346 |
| Expenses | $75,026,008 | $75,831,967 | $79,408,065 |
| Net Investment Income | $16,057,353 | $118,096 | $-115,109 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS June 29, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 21, 2021)
- 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 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
Leadership & Key People
Officers and directors from IRS filings
University of Louisville Foundation Inc is led by Keith Sherman, Executive Director & COO on every filing since 2019; 3 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Keith Sherman
Executive Director & COO
On filings since 2019
27.5 hrs/week
$232K (2019) → $303K (2025)
Jill Force
Chair
Director → Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Regina Lanskwert
Director of Administration
On filings since 2019
43 hrs/week
$122K (2019) → $144K (2025)
Jim Boone
Director
Secretary → Vice Chair, 2024
Vice Chair → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
David Anderson
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Al Cornish
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Ernest Brooks
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Jessica Cole
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Eugene Mueller
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Jerry Abramson
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
Scott Brinkman
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Chris Dischinger
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Diane Medley
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Kevin Ledford
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Matt Carper
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Rudy Spencer
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Sofya Alterman
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Allie Rose Phillips
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Charlie Dahlem
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Gerry Bradley
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Jake Smith
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Mariah Gratz
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Powell Spears
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Justin Ruhl
Controller
Director of Fndtn Accntng Oprtns → Controller, 2020
On filings since 2019
30 hrs/week
$111K (2019) → $139K (2025)
Larry McDonald
Secretary
Director → Secretary, 2024
On filings since 2019
1 hr/week
No compensation reported
Mark Nickel
Vice Chair
Vice Chair → Director, 2024
Director → Vice Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Former officers (32)
- Former: Mary Nixon (2019–2024) — Director
- Former: David Krebs (2020–2024) — Director
- Former: Jim Rogers (2020–2024) — Director
- Former: John Thompson (2020–2024) — Director
- Former: Katie Hayden (2024) — Director
- Former: Earl Reed (2019–2023) — Director
- Former: John Smith (2019–2023) — Director
- Former: Ken Payne (2019–2023) — Director
- Former: Paul Carrico (2019–2023) — Director
- Former: David Schultz (2021–2023) — Director
- Former: Lori Gonzalez (2022–2023) — Director
- Former: Dorian Brown (2023) — Director
- Former: Neeli Bendapudi (2019–2022) — Director
- Former: Susan Magness (2019–2022) — Director of Budget
- Former: John Chilton (2020–2022) — Director
- Former: Ugonna Okorie (2022) — Director
- Former: Krista Wallace-Boaz (2019–2021) — Director
- Former: Sandra Frazier (2019–2021) — Director
- Former: Sabrina Collins (2021) — Director
- Former: David Grissom (2019–2020) — Director
- Former: John Ballard (2019–2020) — Golf Course Superintendent
- Former: Nitin Sahney (2019–2020) — Director
- Former: Ron Abrams (2019–2020) — Director
- Former: Tom Meeker (2019–2020) — Director
- Former: Jasper Noble (2020) — Director
- Former: Enid Trucios-Haynes (2019) — Director
- Former: John Schnatter (2019) — Director
- Former: Jonathan Fuller (2019) — Director
- Former: Laura Douglas (2019) — Secretary
- Former: Michael Bowers (2019) — Treasurer
- Former: Vishnu Tirumala (2019) — Director
- Former: Will Armstrong (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $303K, to Keith Sherman (Executive Director & COO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about University of Louisville Foundation Inc
How much does University of Louisville Foundation Inc give each year?
University of Louisville Foundation Inc gave $67.5M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $65.8M across 2 grants.
How large is University of Louisville Foundation Inc?
University of Louisville Foundation Inc reported $1.2B in total assets on its 2025 IRS Form 990. Its revenue that year was $49.0M.
What is University of Louisville Foundation Inc?
University of Louisville Foundation Inc is a public charity focused on Education, based in Louisville, KY. It holds $1.2B in total assets as of 2025.
Where does University of Louisville Foundation Inc operate?
University of Louisville Foundation Inc has awarded grants in Kentucky.
What is University of Louisville Foundation Inc's EIN?
University of Louisville Foundation Inc's EIN (Employer Identification Number) is 23-7078461. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching University of Louisville Foundation Inc by hand.
Explore Open Grants
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