U of L fundraising approaches $1 billion - WDRB 41 Louisville News

U of L fundraising approaches $1 billion

Posted: Updated:

LOUISVILLE, Ky. (AP) -- The University of Louisville has surpassed its $1 billion fundraising goal with a few months to spare before the capital campaign ends.

UofL President James Ramsey says the record-breaking campaign will continue the school's upward trajectory in academics, research and athletics.

Ramsey led a campus event Thursday to celebrate the milestone.

The money raised is earmarked for scholarships, endowed faculty chairs, research and new facilities.

When the fundraising campaign began in 2007, UofL set a goal of $750 million by 2013.

School trustees raised the goal to $1 billion and extended the campaign through June of this year.

Kentucky's public universities have endured a series of state spending cuts in recent years. The two-year budget passed recently by state lawmakers includes a 1.5 percent funding cut for universities in the first year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2018 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.