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.
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.
$84.8M
$0
$966K
$89.2M
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
About 100% of grants go to recipients in KY.
KEITH SHERMAN
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Notable grantees: University of Louisville Real Estate Foundation, Inc.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | LOUISVILLE, KY | $84,798,640 | 2025 | GENERAL SUPPORT AND ASSET TRANSFER UPON MERGER WITH UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC. |
| UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | LOUISVILLE, KY | $21,903,002 | 2024 | GENERAL SUPPORT |
| UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC | LOUISVILLE, KY | $6,500,000 | 2023 | GENERAL SUPPORT |
UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC
$84,798,640GENERAL SUPPORT AND ASSET TRANSFER UPON MERGER WITH UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION, INC.
UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC
$21,903,002GENERAL SUPPORT
UNIVERSITY OF LOUISVILLE REAL ESTATE FOUNDATION INC
$6,500,000GENERAL SUPPORT