Home > News > Foundation cuts $13.7 million from U of L
By Kyeland Jackson —
The University of Louisville Foundation will cut $13.7 million from U of L, combating extensive spending by the foundation’s prior administrators.
The cuts promise changes for the university, which operated on inflated figures until changes to administration began.
ULF carryover funds, currently valued at $43 million, will soften the $13.7 million cut to U of L. However, that carryover has some restrictions from donors who mandate their funds be spent a certain way.