U of L's Keith Inman to replace Randy Coe as president of Kosair Charities
After 21 years leading Kosair Charities, Randy Coe plans to retire as the organization’s president in August and hand the reins to Keith Inman, the longtime chief fundraiser at the University of Louisville.
LOUISVILLE, Ky. (WDRB) -- After 21 years leading Kosair Charities, Randy Coe plans to retire as the organization’s president in August and hand the reins to Keith Inman, the longtime chief fundraiser at the University of Louisville.
Coe and Inman confirmed the change, scheduled for Aug. 7, in interviews Friday.
Coe, 69, said he began thinking about an orderly transition for his retirement about three years ago.
“It’s time to go,” Coe said, adding that he turns 70 in September.
Inman’s departure means another critical vacancy in a high-ranking administrative position at the university, which has “interim” leaders for its president, provost, vice president of health affairs, chief financial officer and other posts.
Inman, 61, has been U of L’s vice president for advancement since 2006, when former U of L President James Ramsey recruited him from what was then Jewish Hospital & St. Mary’s Healthcare.
Inman noted that Kosair – whose mission is to help children in need – gives away $11 million to $15 million a year in addition to raising funds.
“I always kind of wanted to end my career at a place that gave away money,” Inman said.
Coe, who said he has known Inman for 30 years, called Inman a “superstar” with deep ties to the donor community of Louisville.
“He brings a tremendous track record of being able to ethically raise money,” Coe said.
Coe said Kosair’s board had no qualms about hiring Inman even as the university works to restore confidence of donors after the U of L Foundation – which handles much of the money raised by Inman – was found to overspend with lavish compensation of administrators.
The recent forensic investigation of the foundation, which hardly mentions Inman, shows Inman “did nothing wrong whatsoever,” Coe said.
Still, Inman insisted on not finalizing his hiring by Kosair until the forensic report was released earlier this month, Coe said.
Inman said it’s “no secret” the troubles at the foundation have made his job harder. In the fiscal year ending today, U of L will have raised about $150 million, he said, compared to $241 million the previous year.
But the slowdown in philanthropy at U of L played no role in his decision to leave, Inman said.
“It’s really something I have been looking at for a long time,” he said.
Inman confirmed that his 2006 contract with the university entitles him to a payout of one year’s salary if leaves voluntarily after ten years in the job.
Inman made $351,000 in total pay in 2016, according to the forensic report on the foundation.
Coe was paid $208,646 by Kosair and related organizations in the fiscal year ended Sept. 30, 2015, according to Kosair’s most recently available tax disclosure.