UofL Foundation board fires CFO Jason Tomlinson
The University of Louisville Foundation’s board of directors voted unanimously at its meeting on Tuesday to fire its chief financial officer, who had been on paid leave from his position since at least June 9. As first reported by IL, CFO Jason Tomlinson has...
UofL Foundation board creates committee to further investigate audit findings
In the wake of a scathing audit report on the University of Louisville Foundation’s past leadership, the foundation’s board of directors on Wednesday chose to create an ad hoc committee to further investigate the information revealed in the audit. That committee in turn will...
UofL Foundation chief financial officer placed on paid leave in wake of scathing audit
The University of Louisville Foundation’s chief financial officer has been placed on paid leave, though the head of the foundation has declined to provide any further information on the matter. This news comes just a day after a scathing forensic audit was released on the...
UofL Foundation director expects endowment gifts to pick back up after forensic audit is released next week
The interim executive director of the University of Louisville Foundation says that while endowment gifts to the university in the first 10 months of the current fiscal year are less than half of their total from the previous year, he expects major donors will...
Pharmacogenetics company tied to UofL Foundation files for bankruptcy
A local pharmacogenetics company that has a partnership with the University of Louisville Foundation filed Chapter 11 bankruptcy on Tuesday, citing a recent overpayment demand of $26.3 million from a Medicare contractor. Pharmacogenetics Diagnostic Laboratory, LLC — also known as PGXL Laboratories — was...
UofL Foundation claims it is paying no costs for $102K office renovation
The University of Louisville Foundation claims it is not paying for over $100,000 worth of construction costs to remodel its office space, saying its landlord is picking up those costs through a tenant improvement allowance under a new lease that has yet to be drafted....
UofL Foundation declines to move forward on forgiving $28 million in debt owed to endowment
The University of Louisville Foundation’s board declined to move forward on an agenda item to forgive $28 million of debt owed to the university’s endowment by one of the foundation’s affiliates, with board chair Brucie Moore saying at Thursday’s meeting that they need more...
UofL Foundation board nears compromise with trustees on independent audit of foundation finances
Following weeks of tension between the boards of the University of Louisville and its nonprofit foundation, the chairs of both boards appeared happy with a compromise reached Friday on the terms by which the foundation’s finances will be audited by an independent, national accounting...
University of Louisville submits plans for 11-story downtown office and retail building
The University of Louisville Foundation plans to build an 11-story, 329,394-square-foot office building in downtown Louisville. The foundation filed plans with Louisville-Jefferson County Metro Government for the second building on the J.D. Nichols Campus for Innovation and Entrepreneurship, located at 350 E. Market St....
Jason TomlinsonAugust 18, 2019
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