Contrary to a Courier-Journal report, Jim Ramsey was not going to be cut loose from the University of Louisville Foundation at a specially-called meeting of the group’s Executive Committee on Monday. Nor was his assistant Kathleen Smith going to be fired.
The meeting, which was canceled, had been scheduled quickly over the weekend following a missive from the J. Graham Brown Foundation on Friday warning that it could withhold donations from the ULF without more transparency.
“Actually the main purpose of the meeting was to issue a Request for Proposal for a full audit as soon as possible and get the process started,” said Hughes.