Home > News > Bendapudi assures trustees she’s set to fundraise
By Joseph Lyell —
Interim Executive Director of the U of L Foundation Keith Sherman presented trustees with grim details of the foundation’s fundraising woes at May 17’s board of trustees meeting.
Sherman said the lack of pledged donations to the university’s endowment is concerning. This comes as the university has no vice president for advancement—the fundraising department that reports to the president.
“Most of the giving that is happening is not endowed. And you can only go so long without new money coming into the endowment to be able to do what we’re charged to do,” Sherman said.