Nonprofit · EIN 23-7078461
UNIVERSITY OF LOUISVILLE FOUNDATION INC
Tax-exempt · LOUISVILLE, KY 40208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $49,019,760 | $75,026,008 | -$26,006,248 | $1,207,594,633 | $61,853,115 | $1,145,741,518 |
| June 30, 2024 | 990 | $65,921,956 | $75,831,967 | -$9,910,011 | $1,161,032,051 | $62,770,657 | $1,098,261,394 |
| June 30, 2023 | 990 | $52,798,346 | $79,408,065 | -$26,609,719 | $1,057,025,817 | $62,078,949 | $994,946,868 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $32,669,147
- Program service revenue
- $0
- Investment income
- $16,057,353
- Net rental income
- -$582,127
- Other revenue
- $293,260
Expenses
- Grants and similar amounts paid
- $67,498,401
- Compensation of officers, directors and key employees
- $380,899
- Other salaries and wages
- $696,717
- Salaries, compensation and benefits (total)
- $1,532,382
- Professional fundraising fees
- $0
- Legal fees
- $66,553
- Accounting fees
- $112,534
- Occupancy
- $147,566
- Travel
- $71
- Depreciation
- $54,490
- Program services (functional)
- $74,365,248
- Management and general (functional)
- $660,760
Balance sheet and other
- Total assets, start of year
- $1,161,032,051
- Total assets, end of year
- $1,207,594,633
- Total liabilities, end of year
- $61,853,115
- Net assets, end of year
- $1,145,741,518
- Land, buildings and equipment
- $12,233,360
- Publicly traded securities
- $379,443,945
- Net assets without donor restrictions
- $65,584,206
- Net assets with donor restrictions
- $1,080,157,312
- Gross receipts
- $50,133,272
- Employees
- 12
- Volunteers
- 24
- Year formed
- 1970
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $303,255 | $39,404 |
| REGINA LANSKWERT | DIRECTOR OF ADMINISTRATION Highest-paid employee | 43 | $143,788 | $33,155 |
| JUSTIN RUHL | CONTROLLER Highest-paid employee | 30 | $138,964 | $30,616 |
| JERRY ABRAMSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SOFYA ALTERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GERRY BRADLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERNEST BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT CARPER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JESSICA COLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AL CORNISH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHARLIE DAHLEM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS DISCHINGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JILL FORCE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIAH GRATZ | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN LEDFORD | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY MCDONALD | SECRETARY Trustee or director, Officer | 1 | $0 |
| EUGENE MUELLER | DIRECTOR Trustee or director | 0.5 | $0 |
| MARK NICKEL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ALLIE ROSE PHILLIPS | DIRECTOR Trustee or director | 0.5 | $0 |
| JAKE SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| POWELL SPEARS | DIRECTOR Trustee or director | 0.5 | $0 |
| RUDY SPENCER | DIRECTOR Trustee or director | 0.5 | $0 |
| JIM BOONE | DIRECTOR (PREVIOUS) Trustee or director | 1 | $0 |
| DIANE MEDLEY | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 |
| KIM SCHATZEL | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $292,771 | $47,514 |
| JUSTIN RUHL | CONTROLLER Highest-paid employee | 41 | $131,650 | $43,248 |
| REGINA LANSKWERT | DIRECTOR OF ADMINISTRATION Highest-paid employee | 43 | $128,158 | $44,078 |
| JERRY ABRAMSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SOFYA ALTERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JIM BOONE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERNEST BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT CARPER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JESSICA COLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AL CORNISH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS DISCHINGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JILL FORCE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATIE HAYDEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KEVIN LEDFORD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LARRY MCDONALD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANE MEDLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EUGENE MUELLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIM SCHATZEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RUDY SPENCER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID KREBS | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| MARK NICKEL | DIRECTOR (PREVIOUS) Trustee or director | 1 | $0 | $0 |
| MARY NIXON | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| JIM ROGERS | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| JOHN THOMPSON | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH SHERMAN | EXECUTIVE DIRECTOR & COO Officer | 27.5 | $279,331 | $40,327 |
| REGINA LANSKWERT | DIRECTOR OF ADMINISTRATION Highest-paid employee | 43 | $138,046 | $38,521 |
| JUSTIN RUHL | CONTROLLER Highest-paid employee | 41 | $124,965 | $38,531 |
| JERRY ABRAMSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JIM BOONE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT BRINKMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERNEST BROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JESSICA COLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AL CORNISH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JILL FORCE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID KREBS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LARRY MCDONALD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EUGENE MUELLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARK NICKEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARY NIXON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JIM ROGERS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIM SCHATZEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DORIAN BROWN | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| PAUL CARRICO | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| LORI GONZALEZ | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| KEN PAYNE | DIRECTOR (PREVIOUS) Trustee or director | 1 | $0 | $0 |
| EARL REED | DIRECTOR (PREVIOUS) Trustee or director | 1 | $0 | $0 |
| DAVID SCHULTZ | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
| JOHN SMITH | DIRECTOR (PREVIOUS) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 CENTRAL AVE STE 212, LOUISVILLE, KY 40208-1451
- Principal officer (990 for 2024)
- KEITH SHERMAN, 215 CENTRAL AVE STE 212, LOUISVILLE, KY 40208
- Signed the 990
- KEITH SHERMAN, EXECUTIVE DIRECTOR & COO
- Phone
- (502) 212-8200
- Website
- LOUISVILLEFOUNDATION.ORG
- Return prepared by
- DEMING MALONE LIVESAY & OSTROFF PSC
Mission
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, (SEE SCHEDULE O) 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.
Program accomplishments
- THE FOUNDATION SUPPORTS THE UNIVERSITY OF LOUISVILLE IN ITS EFFORTS 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.CONTINUED ON SCHEDULE O.EXCELLENCE IN RESEARCH TRANSLATES TO REAL-WORLD SOLUTIONS TO THE ISSUES AND COMPLEX PROBLEMS POSED TO OUR COMMUNITIES EACH AND EVERY DAY. STRONG METROPOLITAN RESEARCH UNIVERSITIES ARE ENGINES FOR INTELLECTUAL AND ECONOMIC GROWTH AND PROSPERITY, AND THE FOUNDATION MAKES THE UNIVERSITY MORE POWERFUL EVERY DAY BY PROVIDING TALENTED RESEARCHERS WITH NECESSARY RESOURCES TO MAKE BREAKTHROUGHS THAT MATTER. AS PUBLIC FINANCIAL SUPPORT FOR HIGHER EDUCATION HAS DECLINED AND THE COST CONTINUES TO INCREASE, THE FOUNDATION IS WORKING TO ENSURE THE DEFICIT IN FUNDING IS MET, AND THAT STUDENTS CAN CONTINUE TO BECOME UNIVERSITY OF LOUISVILLE ACADEMICS, ATHLETES AND CITIZENS, CREATING THEIR OWN UNIQUE UOFL STORIES. THAT IS WHY THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE VARIOUS ACADEMIC, ATHLETIC AND CAREER PURSUITS.Expenses $74,365,248 · grants $67,498,401 · revenue $875,387
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7078461
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $1,207,594,633
- Income (IRS master file)
- $50,133,272
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $49,019,760 | $75,026,008 | $1,207,594,633 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $65,921,956 | $75,831,967 | $1,161,032,051 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $52,798,346 | $79,408,065 | $1,057,025,817 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $57,798,687 | $67,383,319 | $1,030,933,372 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7078461).
Questions about UNIVERSITY OF LOUISVILLE FOUNDATION INC
- What is the EIN of UNIVERSITY OF LOUISVILLE FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF LOUISVILLE FOUNDATION INC is 23-7078461.
- Is UNIVERSITY OF LOUISVILLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to UNIVERSITY OF LOUISVILLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF LOUISVILLE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF LOUISVILLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF LOUISVILLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF LOUISVILLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KEITH SHERMAN.
- Who are the officers and directors of UNIVERSITY OF LOUISVILLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 3 received compensation from the organization, the highest $303,255 (KEITH SHERMAN, EXECUTIVE DIRECTOR & COO).
- How much revenue does UNIVERSITY OF LOUISVILLE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $49,019,760, expenses of $75,026,008 and total assets of $1,207,594,633 at year end.
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- BELLARMINE UNIVERSITY EIN 61-0482955 · last filed 990 for 2025
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- LOUISVILLE COLLEGIATE SCHOOL EIN 61-0449630 · last filed 990 for 2025
- CHRISTIAN ACADEMY OF LOUISVILLE INC EIN 61-0907309 · last filed 990 for 2025
- KENTUCKY COUNTRY DAY SCHOOL INC EIN 61-0731998 · last filed 990 for 2025
- SIMMONS COLLEGE OF KENTUCKY INC EIN 20-5289168 · last filed 990 for 2025