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    3. University of Louisville Foundation
    University of Louisville Foundation logo

    University of Louisville Foundation

    ActiveEducation
    LOUISVILLE, KYWebsite5022128200

    About University of Louisville Foundation

    Advance academics at the University by providing financial support.

    Focus Areas

    Higher educationScholarshipsAcademic researchUniversity facilitiesHealth (UofL Health philanthropic support)

    Funding Style

    general operating supportcapacity buildingorganizational developmentfundraising/development support

    Topics

    operational supportadministrative expensesprogram developmentdevelopment/fundraising capacity

    About University of Louisville Foundation

    A defining feature of University of Louisville Foundation Inc is the scale of its support to the University of Louisville itself: three recent awards of $58,510,954 in 2025, $57,301,226 in 2024, and $45,549,057 in 2023 were all tagged for operational and development support. That pattern points to a funder built around advancing the university’s core academic and institutional capacity rather than dispersing many small grants. The foundation also supports U of L Health – Louisville Inc, with recent general support grants of $10,655,652 in 2023, $10,593,560 in 2024, and $7,315,150 in 2025. Across the record provided, the giving is concentrated in Louisville and tied to higher education, scholarships, academic research, university facilities, and health-related philanthropic support. Its stated purpose is to advance academics at the university by providing financial support, and the grant record shows that purpose translated into repeated, large-scale institutional awards.

    What University of Louisville Foundation Funds

    Higher education is the clearest thread in the recent grant record. University of Louisville received $58,510,954 in 2025 for operational and development support, following a $57,301,226 award in 2024 with the same purpose. The foundation also backs health-related institutional support through U of L Health – Louisville Inc, which received $10,655,652 in 2023 for general support. Academic research and university facilities appear in the stated focus areas, alongside scholarships, showing that the foundation’s priorities extend beyond a single line of programming. The available taxonomy also points to operational support, administrative expenses, program development, development and fundraising capacity, and infrastructure and systems strengthening as the kinds of support it provides.

    How University of Louisville Foundation Gives

    The grant-size distribution is very large: the p25 grant is $10,609,083, the median is $28,102,354, and the p75 is $54,363,184. Recent awards cluster around major institutional support rather than many small grants, and the same recipients appear across multiple years, indicating recurring support. The foundation’s structure reads as an institutional or university foundation, with general operating support, capacity building, organizational development, and fundraising/development support as its main modes. No application process is described in the data provided.

    Financial Snapshot

    Annual Giving

    $65.8M

    Total Assets

    $1.2B

    Total Revenue

    $65.9M

    Total Expenses

    $75.8M

    Typical Grant Size

    Most grants fall between $10.6M and $54.4M, with a median of $28.1M.

    25th Percentile

    $10.6M

    Median

    $28.1M

    75th Percentile

    $54.4M

    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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    EIN: 23-7078461
    3 filings on record
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    infrastructure and systems strengthening

    Where University of Louisville Foundation Makes Grants

    Giving is entirely local and entirely in Kentucky, with 100% of grants to recipients in the HQ state. Louisville is the recipient city in every recent grant listed. The recipient country distribution is exclusively U.S.-based, with 6 grants, or 100.0%, in the United States. The pattern is tightly centered on the University of Louisville and U of L Health – Louisville Inc, both in Louisville, KY.

    Frequently Asked Questions About University of Louisville Foundation

    What kinds of organizations does University of Louisville Foundation Inc support?

    The foundation supports higher education, scholarships, academic research, university facilities, and health-related philanthropic support. The recent grant record centers on the University of Louisville and U of L Health – Louisville Inc, both in Louisville, KY.

    How large are the foundation’s grants?

    The grant-size distribution is substantial: p25 is $10,609,083, the median is $28,102,354, and p75 is $54,363,184. Recent awards also include three grants above $45 million to the University of Louisville.

    Does the foundation fund outside Kentucky?

    No. The geographic record shows 100% of grants to recipients in the HQ state, Kentucky, and all six recent grants went to Louisville-based recipients.

    Are grants recurring or mostly one-time awards?

    The recent record shows recurring support. The University of Louisville received large awards in 2023, 2024, and 2025, and U of L Health – Louisville Inc also received grants in 2023, 2024, and 2025.

    What kind of support does it provide?

    The foundation’s recent grants are tagged as operational and development support or general support. Its taxonomy also includes administrative expenses, program development, development and fundraising capacity, and infrastructure and systems strengthening.

    Latest 990 Filing

    2025

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

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    UNIVERSITY OF LOUISVILLELOUISVILLE, KY$58,510,9542025OPERATIONAL AND DEVELOPMENT SUPPORT
    U OF L HEALTH - LOUISVILLE INCLOUISVILLE, KY$7,315,1502025GENERAL SUPPORT
    UNIVERSITY OF LOUISVILLELOUISVILLE, KY$57,301,2262024OPERATIONAL AND DEVELOPMENT SUPPORT
    U OF L HEALTH - LOUISVILLE INCLOUISVILLE, KY$10,593,5602024GENERAL SUPPORT
    UNIVERSITY OF LOUISVILLELOUISVILLE, KY$45,549,0572023OPERATIONAL AND DEVELOPMENT SUPPORT
    U OF L HEALTH - LOUISVILLE INCLOUISVILLE, KY$10,655,6522023GENERAL SUPPORT

    UNIVERSITY OF LOUISVILLE

    $58,510,954
    LOUISVILLE, KY2025

    OPERATIONAL AND DEVELOPMENT SUPPORT

    U OF L HEALTH - LOUISVILLE INC

    $7,315,150
    LOUISVILLE, KY2025

    GENERAL SUPPORT

    UNIVERSITY OF LOUISVILLE

    $57,301,226
    LOUISVILLE, KY2024

    OPERATIONAL AND DEVELOPMENT SUPPORT

    U OF L HEALTH - LOUISVILLE INC

    $10,593,560
    LOUISVILLE, KY2024

    GENERAL SUPPORT

    UNIVERSITY OF LOUISVILLE

    $45,549,057
    LOUISVILLE, KY2023

    OPERATIONAL AND DEVELOPMENT SUPPORT

    U OF L HEALTH - LOUISVILLE INC

    $10,655,652
    LOUISVILLE, KY2023

    GENERAL SUPPORT