Kentucky Center for Investigative Reporting (https://kycir.org/series/the-university-of-louisville-cloaked-in-secrecy/)
The Kentucky Center for Investigative Reporting has fought for the release of public records and information from the University of Louisville.
School officials have largely ignored a state law meant to guarantee transparency in contracting, sidestepped cost guidelines and shifted control to an outside firm in order to shield details of the examination.
Fallout from the scathing audit of the University of Louisville Foundation started to take hold Friday, while attorneys for two top former school executives pushed back against the allegations.
A forensic audit of the University of Louisville Foundation painted a “disturbing picture” of excessive, secret spending on investments, real estate and compensation to staffers.
It marks our newsroom’s latest victory in our fight for openness in Kentucky’s institutions, and a victory for all those who believe that sunlight is the greatest disinfectant.
A new state audit slammed the University of Louisville Foundation and its leadership, citing examples of broken bylaws, a “dysfunctional governing climate” and a lack of transparency.
Moody’s Investor Service downgraded the credit ratings for both the university and the University of Louisville Foundation, citing “ongoing legal challenges and leadership changes.”
Following a KyCIR investigation, the chairman of the University of Louisville Board of Trustees called for further examination of a real estate transaction involving the school’s foundation and a major donor.
KyCIR reveals how the university’s nonprofit fundraising arm took a 99 percent ownership stake of a vacant factory in Oklahoma. The move appears to have no academic purpose and raises ethical red flags, experts said.
The Kentucky Center for Investigative Reporting filed a lawsuit Thursday against the University of Louisville Foundation, the latest step in a long public records fight.
Trustees authorized Chairman Larry Benz to work with outside lawyers to prepare and initiate a lawsuit against the University of Louisville Foundation if they don’t follow a “pathway toward restored confidence.”
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