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    5. Louisville Medical Center Development

    Louisville Medical Center Development

    Active
    LOUISVILLE, KY5022128200EIN: 61-13207593 filings on record
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    About Louisville Medical Center Development

    The Louisville Medical Center Development Corporation functions as a narrow-purpose funder that directs large-scale real-estate and institutional support to the University of Louisville. Its activity appears to be transactional—transferring assets and providing general support tied to a merger or consolidation rather than making programmatic grants to multiple nonprofits. The foundation’s giving is focused on campus/infrastructure and institutional development within the Louisville higher-education ecosystem.

    Focus Areas

    University of Louisville campus real estate and infrastructure transfersInstitutional consolidation and merger-related asset support for higher educationStrategic capital/resource transfers to university-affiliated entities

    Who They Fund

    University of Louisville Real Estate Foundation (university-affiliated foundation)higher education institution/foundation resulting from merger

    Giving Approach

    Highly concentrated, transactional giving: very large, infrequent grants (three grants totaling the foundation’s entire giving) all to a single recipient for asset transfer and general support tied to a merger.

    Funding Style

    Financial Snapshot

    Annual Giving

    $84.8M

    Total Assets

    $0

    Total Revenue

    $966K

    Total Expenses

    $89.2M

    Typical Grant Size

    Most grants fall between $14.2M and $53.4M, with a median of $21.9M.

    25th Percentile

    $14.2M

    Median

    $21.9M

    75th Percentile

    $53.4M

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in KY.

    Funding intensity
    Low
    High
    Headquarters

    Leadership

    KEITH SHERMAN

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    Free account · instant fit score · similar funders
    general/unrestricted supportasset transfer/capital supportmerger-related fundingone-time/transactional grant

    Notable grantees: University of Louisville Real Estate Foundation, Inc.

    Topics

    university-affiliated real estate consolidationinstitutional merger facilitationcampus real estate/capital assetsfoundation-to-foundation asset transfer
    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INCLOUISVILLE, KY$84,798,6402025GENERAL SUPPORT AND ASSET TRANSFER UPON MERGER WITH UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC.
    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INCLOUISVILLE, KY$21,903,0022024GENERAL SUPPORT
    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INCLOUISVILLE, KY$6,500,0002023GENERAL SUPPORT

    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC

    $84,798,640
    LOUISVILLE, KY2025

    GENERAL SUPPORT AND ASSET TRANSFER UPON MERGER WITH UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC.

    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC

    $21,903,002
    LOUISVILLE, KY2024

    GENERAL SUPPORT

    UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC

    $6,500,000
    LOUISVILLE, KY2023

    GENERAL SUPPORT