The University of Louisville Foundation Bought An Empty Factory In Oklahoma—Because A Donor Asked

Number 27832
Subject Nonprofits
Source Kentucky Center for Investigative Reporting
Year 2016
Publication Date Oct. 11, 13, 2016
Summary Reporter Kate Howard revealed how the University of Louisville’s nonprofit fundraising arm bought an abandoned factory in Oklahoma at the behest of a major donor. The multi-layered $3.47 million-dollar transaction had no academic purpose, did not result in any revenue for the organization and appeared to be an ethical breach and tax code violation.
Category Contest Entry
Keywords university; donor; foundation; academic; revenue
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