U Of Louisville Is Depending More On Foundation

Ann McClure's picture

For the first time in the University of Louisville’s history, more of the school’s budget for educating students is coming from its foundation — the school’s fundraising arm — than from the state’s general fund appropriation.

And that is an ominous sign that state officials are not as focused on providing college education as they once were — and jeopardizes advances made in the years after the state’s 1997 higher education reform effort, U of L President Jim Ramsey said.

“Higher education has not been the highest priority over a period of time,” said Ramsey, adding that the university has lost numerous high-profile professors as state funding has been cut.

Despite the fact that state contributions have dropped under Gov. Steve Beshear, his spokeswoman said funding higher education has been a prime goal and that Beshear has protected it as best he could.

Read more