Board of Trustees Retreat July 17, 2015 Jenny Wiley Kentucky State

Transcription

Board of Trustees Retreat
July 17, 2015
Jenny Wiley Kentucky State Park, Prestonsburg, KY
NOTE: All meetings will be held on July 17th
Dress: Business Casual
Thursday, July 16, 2015
6:00 – 7:30 p.m.
Reception for UofL Alumni in the Eastern Kentucky Region
Wilkinson/Stumbo Conference Center
8:00 p.m.
Dinner for Trustees, Staff – Pig in a Poke, 341 University Dr., Prestonsburg, KY 41653
Friday, July 17, 2015
NOTE: All meetings in Goldenrod Room, Jenny Wiley State Resort Park
Checkout: Before 11:30 a.m.
7:30 – 9:15 a.m.
Roundtable Discussion, moderated by President Ramsey (Working Breakfast)
 University of Pikeville Chancellor Paul Patton – History of HB 1
 Brian Gupton – Dataseam
 Charles Morton – Harlan Independent Schools Superintendent
 Caitlin Kidd – Harlan Scholar & Governor’s Scholar, Prestonsburg HS Alum
9:15 – 9:30 a.m.
Break (or participate in following)
9:15 – 9:20 a.m.
Nominating Committee ULRF, (Butt)
9:30 – 10:30 a.m.
Special Meeting of Board of Trustees (Open Session)
 President’s Evaluation by Board of Trustees
 Action from the Compensation Committee (Moore)
Immediately
Following:
Annual Meeting of UofL Research Foundation, Inc.
 Report of the Nominating Committee/Election of Officers (Butt)
 Research Update – Exec. Vice President for Research and Innovation (McClain)
 Approval of ULRF budget
11:30 a.m.
Break for Checkout
12:00 –2:00 p.m.
(Lunch Meeting)
Roundtable on Shaping Our Appalachian Region (SOAR) and UofL’s participation
(Congressman Hal Rogers and Executive Board Member of SOAR Jim Host)
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Break as Necessary
Immediately
Following:
Committee Meetings:
 Personnel Committee (Bingham)
o Regular Business
o Executive Session
 Monthly Personnel Actions (Pinto)
 Finance Committee (Benz)
o Regular Business
o Affiliated Corporations Overview (Benz)
o Briefing on ULF budget (Benz)



5:00 p.m.
Board of Trustees Meeting (Chairman Hughes)
o Consent Agenda
 Actions from Personnel Committee
 Actions from Finance Committee
Report on Evaluation of President Ramsey (Chairman Hughes)
Executive Session with President Ramsey to discuss Personnel
Adjournment
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NOMINATING COMMITTEE OF THE
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION, INC.
BOARD OF DIRECTORS
July 17, 2015
Goldenrod Room
Jenny Wiley State Resort Park
Prestonsburg, KY
In Open Session
Tab
I.
Call to Order
Butt
II.
Approval of Minutes, July 10, 2014
Butt
1
III.
Discussion Regarding 2015-2016 Officers for UofL
Research Foundation, Inc.
Butt
2*
IV
Adjournment
*Under Separate Cover
Committee Members:
Ron Butt, Chair
Marie Abrams
Steve Wilson
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MINUTES OF THE NOMINATING COMMITTEE OF THE
BOARD OF DIRECTORS
July 10, 2014
In Open Session
Members of the University of Louisville Research Foundation Nominating Committee
met at 9:20 a.m. on July 10, 2014 in the Myer Rivers Room of the Luther F. Carson
Center, Paducah, KY, with members present and absent as follows:
Present:
Other Board
Members
Present:
From the
University:
Dr. Jody Prather, Chair
Mrs. Marie Abrams
Mr. Ron Butt
Mr. Bob Benson, Jr.
Mr. Laurence Benz
Dr. Emily Bingham
Mr. Jonathan Blue
Mr. Steve Campbell
Dr. David Dunn
Ms. Monali Haldankar
Mr. Douglas Hall
Mr. Bruce Henderson
Dr. Robert Curtis Hughes
Ms. Angela Lewis-Klein
Ms. Brucie Moore
Dr. William Pierce
Dr. James R. Ramsey
Mr. Robert W. Rounsavall, III
Ms. Debbie Scoppechio
Dr. Joe Steffen
Dr. Shirley Willihnganz
Mr. Steve Wilson
Ms. Phoebe Wood
Ms. Dana Mayton, University Counsel
Mr. Keith Inman, Vice President for University Advancement
Ms. Susan Howarth, Assoc. VP for Finance and Budget
Mr. Jason Tomlinson, Assoc. VP for Finance and Budget
Mr. Mark Hebert, Director, Media Relations
Ms. Rebecca Simpson, Sr. Assoc., VP for University Advancement
Dr. Pamela Feldhoff, Incoming Faculty Representative Trustee
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Mrs. Trisha W. Smith, Director of Special Projects
Mrs. Kathleen Smith, Assistant Secretary
Mr. Jake Beamer, Board Liaison
I.
Call to Order
Having determined a quorum present, Chair Prather called the meeting to order at
9:20 a.m.
II.
Approval of Minutes, July 11, 2013
Mrs. Abrams made a motion, which Mr. Butt seconded, to approve the minutes of
July 11, 2013. The motion passed.
III.
Discussion Regarding 2014-2015 Officers for UofL Research Foundation, Inc.
Chair Prather read the following state of officers:
Chairman
Vice Chair
Treasurer
Secretary
President
Vice President
Vice President
Chief Business Officer
Assistant Treasurer & CFO
Legal Counsel
Assistant Secretary
Ron Butt
Jonathan Blue
Emily Bingham
Joe Steffen
James R. Ramsey
Shirley Willihnganz
William Pierce
Mitchell Payne
Susan Howarth
Dana Mayton
Kathleen M. Smith
Hearing no additions or objections, Mr. Butt made a motion, which Mrs. Abrams
seconded, to approve the slate. The motion passed. Chair Prather noted the slate
would go to the full ULRF Board for approval.
IV
Adjournment
The meeting adjourned at 9:25 a.m.
Approved by:
________________________
Assistant Secretary
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SPECIAL MEETING OF THE BOARD OF TRUSTEES
UNIVERSITY OF LOUISVILLE
July 17, 2015
Goldenrod Room
Prestonsburg, KY
Open Session Agenda
Tab
I.
II.
III.
IV.
Call to Order
Hughes
Approval of Minutes, June 4, 2015
Hughes
1
President’s Evaluation
 Action from the Compensation Committee
Hughes
Moore
2
Adjournment
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MINUTES OF THE REGULAR MEETING OF THE
BOARD OF TRUSTEES OF THE
June 4, 2015
In Open Session
Members of the University of Louisville Board of Trustees met at 1:06 p.m. on June 4, 2015, in
Rooms 101 and 102 of the Clinical and Translational Research Building, HSC, and concluded its
meeting in the Wagner Conference Room of Cardiovascular Innovation Institute, HSC, with
members present and absent as follows:
Present:
Dr. Robert Curtis Hughes, Chair
Mrs. Marie Abrams
Dr. Laurence Benz
Dr. Emily Bingham
Mr. Ron Butt
Dr. Pamela Feldhoff
Mr. Douglas Hall
Mr. Bruce Henderson
Ms. Brucie Moore
Dr. Jody Prather
Mr. Steve Wilson (departed at 2:10 p.m.)
Ms. Phoebe Wood
Absent:
Mr. Robert P. Benson
Mr. Jonathan Blue
Mr. Stephen Campbell
Dr. Kevin Cosby
Mr. Craig Greenberg
From the
University:
Dr. James R. Ramsey, President
Dr. Neville Pinto, Interim Executive Vice President and Provost
Dr. William Pierce, Executive Vice President for Research and Innovation
Dr. David Dunn, Executive Vice President for Health Affairs
Mr. Harlan Sands, Sr. VP for Finance and Administration, CFO/COO
Ms. Leslie Strohm, Vice President for Strategy and General Counsel
Mr. Dan Hall, Vice President for Community Engagement
Mr. Keith Inman, Vice President for Advancement
Mr. Jerry Johnson, Chief of Staff, EVPHA
Dr. Toni Ganzel, Dean, School of Medicine
Dr. Michael Mardis, Dean of Students
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Ms. Becky Simpson, Sr. Assoc. VP for Communications and Marketing
Ms. Amy Shoemaker, University Counsel
Ms. Sandy Russell, Asst. Director for Insurance and Risk Management
Ms. Diana Whitlock, Assistant to Vice Provost for Diversity
Mr. Gary Mans, Director of Media Relations, HSC
Mr. Mark Hebert, Director of Media Relations
Ms. Julie Kroger, Director of Special Projects
Ms. Trisha Smith, Deputy Chief of Staff
Guests:
I.
Mr. Kevin Lofton, CEO, Catholic Health Initiatives
Dr. Cliff Deveny, Sr. VP for Physician Services & Clinical Integration, CHI
Ms. Ruth Brinkely, CEO, KentuckyOne Health
Mr. Paul Edgett, EVP for Growth and Business Operations, KentuckyOne Health
Mr. David McArthur, Mgr., Media & Community Relations, KentuckyOne Health
Mr. Richard Schultz, Incoming Board Chair, KentuckyOne Health
Mr. Scott Jones, Director, KentuckyOne Health Board
Ms. Barbara Weakley-Jones, Director, KentuckyOne Health Board
Mr. Tim Mulloy, Peritus PR
Dr. Layman Gray, Jewish Hospital Distinguished Chair in Cardiovascular Surgery
Call to Order
Having determined a quorum present, Chairman Hughes called the meeting to order at
1:06 p.m.
II.
Report of the President
President Ramsey introduced Mr. Kevin Lofton, CEO of Catholic Health Initiatives.
Mr. Lofton introduced his team at Catholic Health Initiatives (CHI) and KentuckyOne
Health (KyOne). He updated the Board on the partnership between KentuckyOne Health
and the University of Louisville.
He noted collaboration is essential for University of Louisville Hospital, James Graham
Brown Cancer Center and KyOne to deliver on the core mission of providing high quality
care effectively and affordably for the people of Louisville and beyond. The partnership
between KyOne and the University of Louisville was created with a clear vision: to
create a statewide standard of care that sets the bar for quality; to develop an integrated
care model that seamlessly coordinates the care across the entire continuum; to partner
with physicians to guide, govern and manage the health care system; to implement
patient-centered models of care that are designed to engage and empower individuals in
improving their health and health care outcomes.; to restructure the care provided to
deliver better access and greater value; and to lead changes in the financing structure to
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advance payment systems that align reimbursement with desired changes in health care
delivery.
As of April 2015, KyOne had delivered more than $239 M of investment to UofL: $164
M in academic support; $49 M in strategic medical programs and services investment;
$7.5 M in performance incentives; $3 M in research initiatives; and more than $15 M in
support of the HSC.
Mr. Lofton concluded his report on market strength and community value, outlook and
progress in Louisville and beyond, expanding the awareness of UofL, and critical
elements to long-term success. He then fielded questions from the Board.
Chairman Hughes thanked Mr. Lofton.
The Board recessed for a tour of HSC facilities. The meeting reconvened at 5:54 p.m. in
the Wagner Conference Room of the Cardiovascular Innovation Institute.
Chairman Hughes thanked the President, Dr. Dunn and University staff for the
information sessions and tours. He then introduced Dr. Layman Gray who provided an
overview and history of the Cardiovascular Innovation Institute.
III.
Approval of Minutes
Mr. Butt made a motion, which Ms. Moore seconded, to approve the minutes from the
meetings on May 14, 2015, as listed at Tabs 1-3. The motion passed.
IV.
Consent Agenda
Chairman Hughes read the consent agenda. Ms. Haldankar asked the recommendation
regarding 2015-16 Tuition Increase be pulled from the consent agenda for further
discussion. Ms. Abrams made a motion, which Ms. Moore seconded, to approve the
consent agenda as listed:
Consent Agenda
From the Audit Committee, May 14, 2015
 Action Item: Approval of Continuation
of Contract for Strothman + Co.
From the Finance Committee, May 14, 2015
 Action Item: Approval of 2015-16
 Fees
 Six Year Capital Plan
 Operating Budget
From the Personnel Committee, June 4, 2015
 Action Item: Phased Retirement Recommendations
 Action Item: Monthly Personnel Recommendations
The motion passed.
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Chairman Hughes read the recommendation regarding the 2015-16 Tuition Increase. Ms.
Haldankar spoke against the tuition increase.
Ms. Abrams stated the Board understood the burden placed on students, but decreased
state appropriations have given the Board no choice.
Ms. Wood reminded the Board that the CPE authorized a two-year increase of 8%; a 5%
increase for 2014-15 and now a 3% increase for 2015-16.
Dr. Benz noted the tuition increase would help fund the faculty and staff raises.
Mr. Henderson stated the public should be more aware the fifth largest source of revenue
to the University is the state appropriation.
Ms. Wood made a motion, which Ms. Moore seconded, to approve the
The President’s recommendation that the Board of Trustees approve tuition
increases per the attached schedules for Academic Year (AY) 2015-16. The
recommendation is the result of much deliberation and consultation with the
various constituency groups across campus and is consistent with the tuition
rate increase parameters established by the Council on Postsecondary
Education.
The motion passed with Ms. Haldankar opposed.
V.
Action Item: Creation of Doctor of Nursing Practice (DNP)
Dr. Dunn explained the American Association of Colleges of Nursing (AACN) mandated
all programs preparing advanced practice registered nurses (APRNs) must transition to
the DNP. Therefore, the School of Nursing (SON) plan is to transition the current Master
of Science in Nursing (MSN) degree with APRN concentrations to the DNP degree.
DNP graduates would be better prepared to manage more complex diseases, especially
applicable given the burgeoning number of elderly coupled with the growing number of
clients covered by the KYnect Health Insurance Connection program under the
Affordable Care Act.
The Faculty Senate recommended the creation of the Doctor of Nursing Practice at their
meeting on May 6, 2015. The Council on Postsecondary Education approved the DNP
pre-proposal on April 21, 2015. The Executive Vice President/University Provost, the
Executive Vice President for Health Affairs, and the Dean of the School of Medicine
joined the President in making this recommendation.
Dr. Benz made a motion, which Ms. Wood seconded, to approve the
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The President’s recommendation that the Board of Trustees approve the
creation of the Doctor of Nursing Practice (DNP) effective May, 2016.
The motion passed.
VI.
Report of the Chair
Chairman Hughes presented a preliminary draft proposal for the July 17, 2015 Board of
Trustees Retreat in Prestonsburg, KY. He asked University staff to send to the Board a
briefing paper on Shaping Our Appalachian Region (SOAR) on which Congressman Hal
Rogers and Former Secretary of Commerce Jim Host would lead a roundtable discussion
at the Retreat.
VII.
Adjournment
Having no other business to come before the Board, Mrs. Abrams made a motion, which
Dr. Prather seconded, to adjourn the meeting at 6:16 p.m.
The meeting adjourned.
Approved by:
____________________________
Assistant Secretary
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RECOMMENDATION TO THE BOARD OF TRUSTEES REGARDING THE
PRESIDENT’S BONUSES AND COMPENSATION
Compensation Committee – July 13, 2015
Board of Trustees – July 17, 2015
RECOMMENDATION:
The Compensation Committee recommends:
That the President receive a merit increase for 2014-15 of six percent (6%) of his
2014-15 university salary in recognition of his exceptional performance during the past
year; and
That the Board of Trustees hereby requests the University of Louisville
Foundation, Inc. to make a supplemental payment to the President in recognition of his
annual goals set by the Board of Trustees in an amount equal to twenty-five percent
(25%) of the President’s total salary for 2014-15.
Committee Action:
Passed: ___X_____
Did not Pass: ____
Other: _________
Date: __7/13/2015____
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
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BOARD OF DIRECTORS
Annual Meeting
July 17, 2015
Goldenrod Room
Prestonsburg, KY
In Open Session
Tab
I.
II.
III.
IV.
V.
VI.
Call to Order
Butt
Action Item: Approval of Minutes November 13, 2014
Butt
Report of the Nominating Committee
 Approval of Slate of Officers for 2015-16
Butt
2*
Update from Executive Vice President for Research
and Innovation
Butt
Action Item: Approval of ULRF 2015-16 Operating Budget
Butt
Adjournment
* under separate cover
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1
3
MINUTES OF THE REGULAR MEETING OF THE
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION, INC.,
BOARD OF DIRECTORS
In Open Session
Members of the University of Louisville Research Foundation, Inc., Board of Directors met at
1:25 p.m. on November 13, 2014, in the Jefferson Room, Grawemeyer Hall, with members
present and absent as follows:
Present:
Mr. Jonathan Blue, Vice Chair presiding
Mrs. Marie Abrams
Mr. Robert P. Benson
Dr. Laurence Benz
Dr. Emily Bingham
Mr. Stephen Campbell
Dr. Kevin Cosby
Dr. Pamela Feldhoff
Mr. Craig Greenberg
Mr. Bruce Henderson
Ms. Brucie Moore
Dr. Jody Prather
Mr. Steve Wilson
Ms. Phoebe Wood
Absent:
Mr. Ron Butt
Mr. Douglas Hall
From the
University:
Dr. David L. Dunn, Executive Vice President for Health Affairs
Mr. Sam Connally, Vice President for Human Resources
Ms. Priscilla Hancock, Vice President for Information Technology
Dr. Mike Mardis, Interim VP for Student Affairs
Ms. Dana Mayton, University Counsel
Mr. John Drees, Assoc. Vice President for Communications and Marketing
Ms. Anne Rademaker, Financial Reporting and University Accounting
Ms. Trisha W. Smith, Director of Special Projects
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I.
Call to Order
Having determined a quorum present, Vice Chair Blue called the meeting to order at 1:25
p.m. He welcomed new members Dr. Feldhoff and Mr. Greenberg.
II.
Consent Agenda
Vice Chair Blue read the consent agenda.



Action Item: Approval of Minutes of Meeting, 7-10-2014
Action Item: Approval of Signature Authority
From the Audit Committee
 Audited Financial Statements for Year Ended June 30, 2014
and Independent Auditor’s Report
 Consolidated Schedule of Expenditures of Federal
Awards and Other Reports Required by OMB
 Circular A-133 for the Year Ended June 30, 2014
Mrs. Abrams made a motion, which Dr. Hughes seconded, to approve the consent agenda
as listed. The motion passed.
III.
Update on Commercialization Initiatives
President Ramsey introduced Dr. Don Miller of Advanced Cancer Therapeutics (ACT)
and Dr. Suzanne Ildstad of Regenerex who provided updates on their respective
companies. They then fielded questions from the board.
Vice Chair Blue thanked the faculty for their reports, noting the updates were for
information purposes only and no action was needed.
IV.
Adjournment
Hearing no other business, Vice Chair Blue called for a motion to adjourn the meeting.
Ms. Wood made a motion, which Mrs. Abrams seconded, to adjourn.
The meeting adjourned at 1:46 p.m.
Approved by:
________________________
Assistant Secretary
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RECOMMENDATION TO THE BOARD OF DIRECTORS
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION, INC.,
REGARDING THE OPERATING BUDGET FOR 2015-2016
Board of Directors: July 17, 2015
RECOMMENDATION:
The President recommends that the Board of Directors approve the
proposed operating budget for the fiscal year 2015-2016 for the University of
Louisville Research Foundation, Inc. as specified in the attached budget
document.
Committee Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
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University of Louisville
Research Foundation
FY 2015-16 Operating Budget
Presented to the Board of Trustees
July 17, 2015
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UofL Research Foundation
2016 Operating Budget
Table of Contents
Contents
Overview ........................................................................................................................................................................................................................ 1
Clinical Services .............................................................................................................................................................................................................. 2
Sponsored Agreements – Direct Costs .......................................................................................................................................................................... 3
Sponsored Agreements – Facilities and Administrative Cost Recoveries (F&A)............................................................................................................ 8
List of Figures
Figure D: Sponsored Research Awards Received by UofL, FY 2009-10 through FY 2014-15 (estimated) ..................................................................... 4
Figure E: Sponsored Program Awards Received by UofL by Sponsor Type in FY 2014-15 (estimated) ......................................................................... 5
Figure F: Sponsored Programs Award Dollars Received by UofL by Purpose in FY 2014-15 (estimated) ..................................................................... 7
Figure G: UofL F&A Income FY 2007 through FY 2016 .................................................................................................................................................. 9
List of Tables
Table 18: UofL Research Foundation Budget................................................................................................................................................................. 1
Table 19: Clinical Projected Revenues by Unit, Fiscal Year 2015-16.............................................................................................................................. 2
Table 20: Federal Award Dollars by Agency FY 2009 through FY 2014 ......................................................................................................................... 6
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OVERVIEW
The University of Louisville Research Foundation (ULRF) is a non-profit corporation affiliated with the University of Louisville. The Research
Foundation was established in 1989 for the purpose of promoting and supporting research projects, investigations, clinical operations, and other
activities relating to the educational, scientific, literary, health care and public service missions of the University.
Table 18 shows ULRF budgeted revenues and expenditures for FY 2014-15 and FY 2015-16. For FY 2015-16, the ULRF budget totals $462.1
million, which is $10.9 million more than FY 2014-15. The increases are primarily attributable to serving more patients and an expected increase
in federal grant awards.
Table 18: UofL Research Foundation Budget
Revenues
FY 2015
FY 2016
Clinical Operations
$270,391,700 $274,534,000
Sponsored Agreements - Direct 159,849,200 164,617,000
Sponsored Agreements - F&A
21,000,000
23,000,000
Total Revenue
$451,240,900 $462,151,000
Expenditures
Salaries
Fringe Benefits
Operating Expense
Total Expenditures
FY 2015-16 Change
Amount Percent
$4,142,300
1.5%
4,767,800
3.0%
2,000,000
9.5%
$10,910,100
2.4%
$249,179,900 $251,925,278 $2,745,378
48,106,500
50,089,587
1,983,087
153,954,500 160,136,134
6,181,634
$451,240,900 $462,151,000 $10,910,100
1.1%
4.1%
4.0%
2.4%
Source: UofL Research Foundation, Inc.
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ULRF has three primary sources of revenues: 1) clinical services; 2) grants and contracts; and 3) facilities and administrative cost recoveries.
CLINICAL SERVICES
Of the $462.2 million total Research Foundation budget for FY 2015-16, clinical services revenues total $274.5 million, or 58%. Clinical
services revenues come from patient care and laboratories including primary care, radiology, oncology, neonatal care, and cardiology. Clinical
services revenues also include financial support from affiliated hospitals for clinical services, academic programs, and house staff (interns and
residents).
Table 19 shows clinical services budget amounts by unit for FY 2015-16.
Table 19: Clinical Projected Revenues by Unit, Fiscal Year 2015-16
Clinical Total by Unit
Amount ($)
Percent to
Total
Number of
Programs
School of Medicine
244,851,433
89.2%
266
School of Dentistry
18,555,255
6.8%
29
818,309
0.3%
2
10,309,003
3.7%
16
274,534,000
100.0%
313
School of Nursing
Executive Vice President for Health Affairs
Total
Source: Budget and Financial Planning
2|Page
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The School of Medicine accounts for 89% of all clinical services revenues and 84% of all clinical programs at the University of Louisville.
Within the School of Medicine, almost 50% of FY 2015-16 budgeted clinical revenues come from graduate medical education, diagnostic
radiology, neurological surgery, anesthesiology, and six pediatric programs.
Clinical services revenues for the School of Dentistry primarily come from the Dental Clinic and two graduate residency programs.
The School of Nursing has two clinical services programs: nursing education and nursing practice. Nearly all budgeted clinical services
revenues come from the nursing practice program.
Under EVPHA, clinical services revenues help fund strategic initiatives for the School of Public Health, the HSC Office of Diversity and HSC
central administration. Based on the strategic goals of the EVPHA, a portion of these funds may be allocated to other HSC units during the fiscal
year.
SPONSORED AGREEMENTS – DIRECT COSTS
Revenues from sponsored agreements (which are also referred to as grants and contracts) come from awards by government, for profit, and
nonprofit entities to UofL faculty and researchers. For example, the National Institutes of Health recently awarded the University a $3 million
grant to help speed the commercialization of discoveries by UofL researchers. Grants and contracts are the second largest component of the
ULRF budget, totaling $164.6 million in FY 2015-16.
There are three types of sponsored agreement activities at the University:



Grants – provide financial assistance for basic research, training or community service projects;
Contracts – provide financial support for a specific task and are usually initiated by a sponsor; and
Other Awards – include cooperative agreements, purchase orders and sub-agreements.
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Figure D shows sponsored program awards at the University of Louisville for fiscal years 2009-10 through 2014-15. Mirroring the national
trend, revenues peaked in FY 2009-10 as federal research funding tied to the American Recovery and Reinvestment Act were made available.
Revenues declined in subsequent years as stimulus programs expired. In FY 2009-10, the University received $28.8 million in direct federal
funding from the American Recovery and Reinvestment Act. By FY 2012-13 that amount declined to $600,000. Grant awards are expected to
increase in FY 2015-2016.
Figure D: Sponsored Research Awards Received by UofL,
FY 2009-10 through FY 2014-15 (estimated)
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Source of Funds
Figure E shows estimated FY 2014-15 sponsored research awards to the University of Louisville by sponsor type. Federal and federal flow
through funding accounted for $89 million of funding. Non-profit awards were the next largest at $17 million.
Figure E: Sponsored Program Awards Received by UofL by
Sponsor Type in FY 2014-15 (estimated)
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Table 20 details federal sponsored research awards to the University of Louisville. Despite increases in FY 2014-15, total federal awards to
the University remain below FY 2010-11 and FY 2011-12 levels. Funding from the National Institutes of Health has been the largest and most
consistent source of federal awards over this period. Relative to all other federal fund sources, the National Institutes of Health typically
accounts for nearly 3 of every 4 dollars in federal awards to the University. Funding from the Health Resources and Services Administration—
which awards grants to institutions to improve and expand health care services for underserved people—and from the Department of Defense
are the other primary sources of federal awards to UofL.
Table 20: Federal Award Dollars by Agency FY 2009 through FY 2014
Federal Agency
2011
2012
2013
2014
2015 est.
National Institutes of Health
49,137,724 53,927,293 51,056,706 42,618,870 47,184,124
Health Resources and Services Administration
8,048,732
2,541,674
3,003,168
3,779,020
3,164,354
Department of Health and Human Services (Other)
1,749,853
939,791
1,938,330
2,496,030
1,947,436
Department of Education
5,472,927
6,444,453
2,135,882
2,472,498
2,604,710
National Science Foundation
3,023,898
5,834,611
3,341,071
1,291,941
3,057,008
Department of Defense
6,173,703
4,573,151
1,466,907
1,213,632
4,595,883
Other Federal
338,606
973,335
831,623
923,911
1,154,332
Environmental Protection Agency
207,000
442,000
363,000
691,702
255,912
Centers for Disease Control
884,922
1,290,918
846,000
605,097
275,148
Department of Energy
2,447,200
105,000
78,000
73,000
NASA
2,000,000
3,000
2,780
444,555
Department of Justice
250,000
500,000
377,187
Department of the Interior
453,201
165,756
Total
$80,187,766 $77,740,982 $65,063,467 $56,165,701 $65,060,649
Change FY 2014-2015
Amount
Percent
4,565,254
10.7%
(614,666) (16.3%)
(548,594) (22.0%)
132,212
5.3%
1,765,067 136.6%
3,382,251 278.7%
230,421
24.9%
(435,790) (63.0%)
(329,949) (54.5%)
(73,000) (100.0%)
444,555
N/A
377,187
N/A
0
N/A
$8,894,948
15.8%
6|Page
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Use of Funds
Figure F shows estimated FY 2014-15 sponsored programs award dollars to the University of Louisville by purpose. Nearly 70% was used to
fund research activities. Approximately 16% helped fund training and education activities. These training funds typically come from the National
Research Service Award (NRSA), a function of the National Institutes of Health, and are designed to train individuals to conduct research and
prepare for research careers. Service Activities include community outreach programs as well as public health screenings. Clinical trials are
chiefly pharmaceutical testing and new therapy testing. Other sponsored activity includes analytical studies and surveys, treatment analysis, and
program implementation – specifically state mandated programs.
Figure F: Sponsored Programs Award Dollars Received by
UofL by Purpose in FY 2014-15 (estimated)
7|Page
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SPONSORED AGREEMENTS – FACILITIES AND ADMINISTRATIVE COST RECOVERIES (F&A)
All federally-funded grants and contracts allow for the recovery of central administrative and infrastructure costs associated with supporting
faculty, researchers, and staff funded by the grants and contracts. The Facilities and Administrative cost recovery rate, or F&A rate, is currently
50%. As per our recently negotiated agreement with the federal government, our F&A rate will increase to 53% in FY2015-16. This will only apply
to new awards and will not be applied against existing awards. In FY2016-17 this rate will increase to 54%.
A portion of F&A revenues fund the following research support activities:



Research Infrastructure Funds (RIF) – Investments in infrastructure that support efforts to secure and maintain extramurally
funded research programs, including departmental and individual RIFs.
University Scholars – This program, initiated by a dean, then sent to be reviewed by a full committee, and ultimately
approved by the Provost and President, is used to recruit and retain faculty who exhibit substantial credentials in research.
These credentials are then reviewed at year 3 to determine if the requirements, such as published works and grants
garnered, have been met.
Debt Service – Debt service payments on University buildings that house research activities.
Of the remaining F&A funds, 80% is transferred to the University for indirect expenses incurred in administering and supporting sponsored
agreements. The other 20% is used by the Research Foundation to fund equipment purchases, research faculty recruiting packages, and other
programs in support of the research enterprise.
8|Page
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Figure G shows F&A cost recoveries from FY 2006-07 through FY 2015-16. Due, in part, to the rate increase, F&A revenues in FY 2015-16 are
expected to increase by $2 million.
Figure G: UofL F&A Income FY 2007 through FY 2016
9|Page
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PERSONNEL COMMITTEE
UNIVERSITY OF LOUISVILLE BOARD OF TRUSTEES
July 17, 2015
Goldenrod Room
Prestonsburg, KY
In Open Session
Tab
I.
Call to Order
 Approval of Minutes, June 4, 2015
Bingham
II.
Executive Session
 Motion to recess to discuss personnel matters
pursuant to KRS 61.810(1)(f)
Bingham
III.
Open Meeting Reconvenes
 Report on Executive Session
 Appropriate action, if any
Bingham
IV.
Other Business
V.
Adjournment
1
Committee Members:
Emily Bingham, Chair
Angela Lewis-Klein, Vice Chair
Marie Abrams
Kevin Cosby
Pam Feldhoff
Bruce Henderson
Robert W. Rounsavall, III
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MINUTES OF THE PERSONNEL COMMITTEE OF THE
June 4, 2015
In Open Session
Members of the Personnel Committee of the University of Louisville Board of Trustees met at
12:08 p.m. on June 4, 2015, in Rooms 101 and 102 of the Clinical and Translational Research
Building, HSC, with members present and absent as follows:
Present:
Dr. Emily Bingham, Chair
Ms. Angela Lewis-Klein, Vice Chair
Mrs. Marie Abrams
Dr. Pamela Feldhoff
Mr. Bruce Henderson
Absent:
Dr. Kevin W. Cosby
Other Trustees
Present:
Dr. Larry Benz
Mr. Doug Hall
Ms. Brucie Moore
Dr. Jody Prather
Mr. Steve Wilson (arrived at 12:25 p.m.)
Ms. Phoebe Wood
From the
University:
Ms. Amy Shoemaker, University Counsel
Ms. Sandy Russell, Asst. Director for Insurance and Risk Management
Dr. Mordean Taylor-Archer, Vice Provost for Diversity
Ms. Diana Whitlock, Assistant to Vice Provost for Diversity
Ms. Julie Kroger, Director of Special Projects
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Ms. Trisha Smith, Deputy Chief of Staff
I.
Call to Order
Having determined a quorum present, Chair Bingham called the meeting to order at 12:08
p.m.
Approval of Minutes, April 2, 2015
Mrs. Abrams made a motion, which Mr. Henderson seconded, to approve the minutes of
April 2, 2015. The motion passed.
II.
Information Item: Diversity Report
Dr. Pinto introduced Dr. Taylor-Archer, Associate Vice Provost for Diversity, who
presented a progress update of the University’s Diversity Plan.
The Plan focuses primarily on two groups, African American and Hispanic/Latino,
because these groups had the largest numbers and/or greatest growth in geographic areas
(Jefferson, Oldham and Trimble counties).
Dr. Taylor-Archer reported on the Institutional Profile of the University. She noted Dr.
Neville Pinto was appointed interim Executive Vice President and University Provost;
Victoria Allen and Caitlin Durgin were elected as 2015-16 SGA President and Executive
Vice President respectively; Amanda Allen was the only student from Kentucky to
receive a Truman Scholarhip in 2015; 2015 Fulbright Scholars were Lashawn Ford,
Zerlina Bartholomew, and Markita Helton; and other 2014-15 awards and recognitions.
Dr. Taylor-Archer then presented statistics of student bod y and workforce diversity.
She reported the University will continue to monitor and assess student body diversity,
success, closing the achievement gap, workforce diversity, and campus climate. Each of
the academic and non-academic units will continue to have a diversity committee
designed to create and implement strategies for students and employees that advance the
diversity goals of the institution. The student support units reporting to the Vice Provost
for Diversity and International Affairs will continue to expand their retention programs to
better serve women, African Americans, Hispanic/Latinos, international students, and
LGBT students and employees.
Dr. Taylor-Archer then fielded questions from the Committee.
Chair Bingham thanked the Vice Provost for her report.
III.
Action Item: Approval of Phased Retirement Recommendation
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Dr. Pinto explained that in February 2003, the Board of Trustees authorized the
implementation of this policy for a two-year period and in February 2005 extended it for
five more years; the Board of Trustees extended the policy again for five years more in
February 2010. The policy allows faculty who meet certain criteria to enter retirement
through a phased reduction in their university workload assignments. This has been a
successful option for faculty and has allowed units to realize some budgetary savings.
Mr. Henderson made motion, which Mrs. Abrams seconded, to approve the
President’s recommendation that the Board of Trustees extend the attached
Phased Retirement Options for University of Louisville Faculty for a fiveyear period (2015-2020); and
That the Executive Vice President/University Provost reevaluate this policy
in the Spring of 2020 for continuation, discontinuation, or change.
The motion passed.
IV.
Information Item: Finance and Administration Reorganization
Senior VP Sands presented the Finance and Administration Reorganization for enhancing
service and fiscal management during a time of growth and financial pressures. The new
organizational structure created new positions and restructured the Operations, Facilities
Management, Finance/Controller, and Budget and Planning units. A broad-based,
national search for internal and external candidates would be undertaken to fill the new
positions.
Mr. Sands stated the new structure would create functional responsibility centers; less
vertical administrative layers; strategically-focused financial management units; process
improvements, system enhancements, operational efficiencies, and improved customer
service; direct oversight of lead financial officers; and direct reporting relationships for
Audit and Institutional Compliance, Information Technology, Human Resources, and
Public Safety. The timeline for implementation would begin in June 2015 and conclude
in December 2015. Mr. Sands then fielded questions from the Committee.
Mrs. Abrams asked if the reorganization responded to recommendations of the Strothman
and Co. consulting engagement. Mr. Sands noted most of the recommendations would be
achieved in the new merged financial management units.
Ms. Wood was supportive of the reorganization commenting it was critical for good
governance structure and implementation. Mr. Wilson concurred.
Chair Bingham thanked Mr. Sands for his update.
V.
Executive Session
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Pursuant to KRS 61.810(1)(f), Mrs. Abrams made a motion, which Mr. Rounsavall
seconded, to go into executive session to discuss personnel matters. The motion passed.
VI.
Chair Bingham reconvened the open session at 1:04 p.m. and reported the committee
discussed personnel matters.
Monthly Personnel Matters
Ms. Lewis-Klein made a motion, which Mrs. Abrams seconded, to approve the
President’s recommendation that the following personnel recommendations
be approved by the Board of Trustees.
APPOINTMENTS
Administration
Lee Smith, MDiv, Yale University; Associate Vice President for Performance
Improvement and Business Analytics, July 20, 2015. The appointment as
Associate Vice President for Performance Improvement and Business
Analytics is at the pleasure of the Board of Trustees.
College of Arts and Sciences
Nefertiti Burton, M.F.A., Professor (Tenured) of Theatre Arts; resignation of
additional appointment as Associate Dean for International Programs,
Diversity, and Outreach, June 30, 2015 and additional appointment as Chair
of Theatre Arts, July 1, 2015. The additional appointment as Chair of
Theatre Arts is at the pleasure of the Board of Trustees.
Jonathan Haws, Ph.D., Associate Professor (Tenured) of Anthropology;
additional appointment as Chair of Anthropology, July 1, 2015. The
additional appointment as Chair of Anthropology is at the pleasure of the
Board of Trustees.
Jessica L. Murnock, M.P.A., Columbus State University; Professor and
Chair of Military Science, August 5, 2015.
David S. Owen, Ph.D., Associate Professor (Tenured) of Philosophy;
additional appointment as Chair of Philosophy, July 1, 2015. The additional
appointment as Chair of Philosophy is at the pleasure of the Board of
Trustees.
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Theresa Rajack-Talley, Ph.D., Associate Professor (Tenured) of Pan African
Studies; additional appointment as Associate Dean for International
Diversity and Engagement Programs, August 1, 2015. The additional
appointment as Associate Dean for International Diversity and Engagement
Programs is at the pleasure of the Board of Trustees.
Ryan D. Schroeder, Ph.D., Associate Professor (Tenured) of Sociology;
additional appointment as Chair of Sociology, July 1, 2015. The additional
appointment as Chair of Sociology is at the pleasure of the Board of Trustees.
Gennaro F. Vito, Ph.D., Professor (Tenured) of Criminal Justice; additional
appointment as Chair of Criminal Justice, July 1, 2015. The additional
appointment as Chair is at the pleasure of the Board of Trustees.
Brandeis School of Law
Cedric Merlin Powell, J.D., Professor (Tenured) of Law; additional
appointment as Associate Dean for Research and Faculty Development, July
1, 2015 through June 30, 2016. The additional appointment as Associate
Dean for Research and Faculty Development is at the pleasure of the Board.
School of Medicine
Jeffrey M. Bumpous, M.D., Professor (Tenured) of Otolarngology-Head and
Neck Surgery and Communicative Disorders and the J. Samuel Bumgardner
Professor of Otolaryngologic Surgery; change of additional appointment
from Interim Chair to Chair of Otolaryngology-Head and Neck Surgery and
Communicative Disorders, July 1, 2015. The additional appointments as the
J. Samuel Bumgardner Professor of Otolaryngologic Surgery and Chair of
Otolaryngology-Head and Neck Surgery and Communicative Disorders are
at the pleasure of the Board of Trustees.
School of Music
Frederick Speck, D.M.A., Professor (Tenured), School of Music; additional
appointment as Chair of the Department of Performance Studies, July 1,
2015. The additional appointment as Chair is at the pleasure of the Board of
Trustees.
Gerald H. Tolson, M.M.Ed., Professor (Tenured), School of Music;
additional appointment as Chair of the Department of Academic and
Professional Studies, July 1, 2015. The additional appointment as Chair is at
the pleasure of the Board of Trustees.
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J.B. Speed School of Engineering
Sundar Atre, Ph.D., Pennsylvania State University; Professor (Tenured) of
Mechanical Engineering and Endowed Chair of Manufacturing and
Materials, July 1, 2015. The additional appointment as Endowed Chair of
Manufacturing and Materials is at the pleasure of the Board of Trustees.
The motion passed.
VII.
Adjournment
Mrs. Abrams made a motion, which Ms. Lewis-Klein seconded, to adjourn the meeting at
1:06 p.m. The motion passed.
Approved by:
________________________
Assistant Secretary
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FINANCE COMMITTEE
July 17, 2015
Goldenrod Room
Prestonsburg, KY
Tab
I.
Call to Order
Benz
Action Item: Approval of Minutes, May 14, 2015
Benz
1
III.
Action Item: Signature Authority
Benz
2
IV.
Action Item: Capital Construction
Benz
3
V.
Affiliated Corporations Overview
 ULAA
 ULRF
 QCCT
 ULMSF
Benz
Butt/Hall
Butt
Abrams
Dunn
Briefing on UofL Foundation, Inc. Budget
Benz
II.
VI.
VII.
Adjournment
Committee Members:
Vacancy, Chair
Larry Benz, Vice Chair
Emily Bingham
Pam Feldhoff
Robert Curtis Hughes
Angela Lewis-Klein
Robert W. Rounsavall, III
Page 59/99
MINUTES OF THE FINANCE COMMITTEE OF THE
May 14, 2015
In Open Session
Members of the Finance Committee of the University of Louisville Board of Trustees met at
1:00 p.m. on May 14, 2015 in the Jefferson Room, Grawemeyer Hall, with members present and
absent as follows:
Present:
Dr. Larry Benz, Vice Chair presiding
Dr. Emily Bingham
Dr. Pam Feldhoff
Absent:
Ms. Phoebe Wood
Other Trustees
Present:
Mrs. Marie Abrams
Mr. Robert P. Benson , Jr.
Mr. Ron Butt
Mr. Steve Campbell
Mr. Craig Greenberg
Mr. Douglas Hall
Ms. Brucie Moore
Dr. Jody Prather
Mr. Steve Wilson
From the
University:
Dr. David Dunn, Executive Vice President for Health Affairs
Dr. Michael Mardis, Dean of Students
Mr. John Drees, Assoc. VP for Communications and Marketing
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Ms. Anne Rademaker, University Accounting and Reporting
Ms. Eunice Barbour, Sr. Policy and Budget Analyst
Mr. Chris Hodgkins, Policy and Budget Analyst
Other:
I.
Mr. Tim Mulloy, Peritus PR
Call to Order
Having determined a quorum present, Vice Chair Benz called the meeting to order at 1:00 p.m.
Approval of Minutes, February 5, 2015
Dr. Feldhoff made a motion, which Dr. Hughes seconded, to approve minutes of February 15,
2015.
The motion passed.
II.
Workshop: Approval of 2015-16 Operating Budget
President Ramsey presented a high-level overview of the Operating Budget clarifying
confusion regarding the combined budget. He repeated the Seven Strategies for moving
forward during difficult financial times: (1) reduce expenses through cost efficiencies;
(2) transform assets from underperforming to performing; (3) increase value from
research and intellectual property; (4) use private sector for housing; (5) generate clinical
income to support teaching/academics; (6) use tax increment financing approved by
KEDFA; and (7) increase philanthropic support.
Dr. Ramsey explained the University of Louisville Foundation, Inc.’s purpose was to
support teaching and research. He then presented the restricted endowment and gift
budgets for the Foundation, showing exactly where funds were distributed.
Mr. Sands and Ms. Howarth presented the balanced operational budget and discussed
with the Committee recommendations regarding tuition increases, changes to various
student fees, and the Six Year Capital Plan.
The President, Mr. Sands, and Ms. Howarth then fielded questions from the Committee.
Mr. Campbell asked for information regarding the growth of the UofL Foundation.
2015-16 Tuition
Dr. Bingham made a motion, which Ms. Lewis-Klein seconded, to approve the
Page 61/99
President’s recommendation that the Board of Trustees approve tuition
increases per the attached schedules for Academic Year (AY) 2015-16. The
recommendation is the result of much deliberation and consultation with the
various constituency groups across campus and is consistent with the tuition
rate increase parameters established by the Council on Postsecondary
Education.
The motion passed.
2015-16 Fees
Dr. Bingham made a motion, which Dr. Feldhoff seconded, to approve the
President’s recommendation that the Board of Trustees approve the new fees
and increases as listed below.
 College of Arts & Sciences Intensive English program: Increasing the
$500 course fee for students enrolled in the 20-hour per week IELP
program. The additional revenue generated will offset the higher
costs associated with the program’s day-to-day operations and help
maintain program quality.
 College of Arts & Sciences Physics and Astronomy fee: The
Department of Physics and Astronomy requests a new $50 fee for six
physics courses that use computers and specialized software for
weather analysis. The fee will be assessed on courses in the Bachelor
of Science in Atmospheric Science program. The proposed course fee
will affect primarily junior and senior level students.
 College of Education and Human Development, Department of Health
and Sports Sciences: A new course fee of $95 for two fitness courses
and a $40 course fee will for three lab courses will help fund the
replacement of aging and deteriorating exercise equipment. The new
fees are projected to generate approximately $40,000 in annual
revenue.
 Meal Plan Increase: The following meal plan fee changes are due to
increased operating costs and a goal to enhance our levels of customer
service:
 Increase the resident meal plans by 3%:
o Residence hall with a kitchen – increase by $30 to
$960 per semester
o Residence hall without a kitchen – increase by $45 to
$1505 per semester;
 Increase the commuter meal plan from $175 to $200 per
semester; and
 For Academic Years 2017and 2018, the resident meal plans
will be increased by the Consumer Price Index-Urban,
Food Away from Home.
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o It will be capped at a maximum of three percent
annually.
 The commuter meal plan cost of $200 per semester will not
be increased for Academic Years 2017 and 2018.
 All proposed meal plan increases have been approved by
SGA.
 Student Housing: Based on projected increases in maintenance and
operations costs and other related programmatic costs, housing rates
will increase by three percent for non-family units and by two percent
for family units. This recommendation applies to the following UofL
owned residence halls: Louisville, Medical Dental apartments, Miller,
Threlkeld, Unitas, and University Tower Apartments.
The motion passed.
Six Year Capital Plan
Dr. Bingham made a motion, which Ms. Lewis-Klein seconded, to approve the
President’s recommendation that the list of projects on Attachment A be
approved for submission to the Capital Planning Advisory Board as the
university’s 2016-2022 Capital Plan.
The motion passed.
2015-16 Operating Budget
Dr. Hughes made a motion, which Dr. Feldhoff seconded, to approve the
President’s recommendation that the Board of Trustees approve the
proposed University operating budget for Fiscal Year 2015-16, as attached.
The motion passed.
III.
Adjournment
Dr. Bingham made a motion, which Dr. Benz seconded, to adjourn the meeting at 2:21
p.m. The motion passed.
Approved by:
________________________
Assistant Secretary
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RECOMMENDATION TO THE BOARD OF TRUSTEES
CONCERNING BANKING RESOLUTIONS
Finance Committee – July 17, 2015
Board of Trustees - July 17, 2015
Recommendation:
The President recommends:
That the University of Louisville Board of Trustees adopts the attached resolution
relating to investment custodial and safekeeping accounts at PNC Capital Markets, LLC
Pittsburg, Pennsylvania.
Committee Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
Page 64/99
RESOLUTION
RESOLVED THAT:
(1)
University of Louisville (“University”) desires to open one or more accounts (not
including margin accounts) at PNC Capital Markets LLC (“PNCCM”) for the purchase
and sale (not including making of short sales) of all forms of securities and financial
instruments (“Securities”.)
(2)
This resolution applies to all accounts opened by the University’s Controller’s Office at
the PNCCM under the University of Louisville name.
(3)
The following officers and employees of the University, listed below, are authorized: (a)
to give and receive from PNCCM instructions concerning any transaction related to the
purchase, sale, transfer or holding of Securities in a duly authorized and approved
account under the University of Louisville name at PNCCM; and (b) to sign for the
University all releases, assignments, powers of attorney and/or documents in connection
with any such account.
James R. Ramsey
President
__________________________
Neville Pinto
Interim Provost
__________________________
Harlan M. Sands
__________________________
Sr. VP For Finance and Administration, CFO/COO
John R. Shipley
Interim Assoc. VP for Finance/Controller
__________________________
Joseph R. Gahlinger
Dir, Investment & Financial Mgt
__________________________
David W. Woods
Assistant Treasurer
__________________________
(4)
The officers and employees named above have provided specimen signatures herein and
are authorized to sign signature cards and Accounts agreements.
(5)
The Assistant Secretary of the University Board of Trustees is authorized and directed to
deliver for and on behalf of the University, a certificate of this resolution to PNCCM.
(6)
PNCCM is authorized to rely upon this Resolution until the bank has received written
notice of any amendment or recession of the resolution.
Page 65/99
Certificate
I certify that I am the duly qualified Assistant Secretary of the Board of Trustees of the University
of Louisville, that the foregoing is a true copy of a resolution adopted at the regular meeting of
such Board which was duly held on the 17th day of July, 2015, at which meeting a quorum was
present, and a majority of members present voted in favor of the adoption of such resolution. I
further certify that such resolution is still in full force and effect.
Dated this _________day of _________________, ______________.
________________________________________________
Assistant Secretary
Board of Trustees
(Seal of the University)
Page 66/99
CONCERNING CAPITAL CONSTRUCTION PROJECTS
RECOMMENDATION:
The President recommends that the following projects be approved:
PROJECT:
_
_ ESTIMATED COST:
FUND SOURCE:
Heddy & Herman Kurz Visitors Center
$2,000,000
Private Gifts
Soccer Practice Field
$2,000,000
Private Gifts
BACKGROUND:
The Visitors Center will be the centerpiece of the new main entrance (off I-65) to campus. These projects
will complement the $22 million Floyd Street safety and infrastructure program and direct future students
and visitors to the Belknap Campus, serve as a meeting place, and a route to the athletic facilities and
fields along Floyd Street.
The soccer practice field will replace the McDonald’s field (site of Kurz Center). The field will be
constructed at a site near the Lynn Stadium. The project will provide ULAA with the same amenities that
are in place at the current field such as lights, drains, irrigation, fencing and sodding. ULAA approved
this project in June.
These projects will go to the Council on Postsecondary Education on September 29 and the Capital
Projects and Bond Oversight Committee on October 20.
Committee Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
Page 67/99
BOARD OF TRUSTEES
July 17, 2015
Goldenrod Room
Prestonsburg, KY
Open Session Agenda
I.
Call to Order
Hughes
II.
Consent Agenda
Hughes
A. From the Personnel Committee
 Approval of Monthly Personnel Recommendations
 Approval of Alumni Awards
B. From the Finance Committee
 Approval of Signature Authority
 Approval of Capital Construction
C. Approval of August Degree Candidates
III.
IV.
V.
VI.
VII.
Action Item: Approval of Creation of John H. Schnatter
Center for Free Enterprise
Hughes
Report of the Chairman
 Evaluation of the President
Hughes
Executive Session
 Motion to recess to discuss personnel matters
pursuant to KRS 61.810(1)(f)
Hughes
 Report on Executive Session
 Appropriate action, if any
Adjournment
* under separate cover
Page 68/99
1
2
3
4
5
6
CONCERNING BANKING RESOLUTIONS
Board of Trustees - July 17, 2015
Recommendation:
The President recommends:
That the University of Louisville Board of Trustees adopts the attached resolution
relating to investment custodial and safekeeping accounts at PNC Capital Markets, LLC
Pittsburg, Pennsylvania.
Committee Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
Page 73/99
RESOLUTION
RESOLVED THAT:
(1)
University of Louisville (“University”) desires to open one or more accounts (not
including margin accounts) at PNC Capital Markets LLC (“PNCCM”) for the purchase
and sale (not including making of short sales) of all forms of securities and financial
instruments (“Securities”.)
(2)
This resolution applies to all accounts opened by the University’s Controller’s Office at
the PNCCM under the University of Louisville name.
(3)
The following officers and employees of the University, listed below, are authorized: (a)
to give and receive from PNCCM instructions concerning any transaction related to the
purchase, sale, transfer or holding of Securities in a duly authorized and approved
account under the University of Louisville name at PNCCM; and (b) to sign for the
University all releases, assignments, powers of attorney and/or documents in connection
with any such account.
James R. Ramsey
President
__________________________
Neville Pinto
Interim Provost
__________________________
Harlan M. Sands
__________________________
Sr. VP For Finance and Administration, CFO/COO
John R. Shipley
Interim Assoc. VP for Finance/Controller
__________________________
Joseph R. Gahlinger
Dir, Investment & Financial Mgt
__________________________
David W. Woods
Assistant Treasurer
__________________________
(4)
The officers and employees named above have provided specimen signatures herein and
are authorized to sign signature cards and Accounts agreements.
(5)
The Assistant Secretary of the University Board of Trustees is authorized and directed to
deliver for and on behalf of the University, a certificate of this resolution to PNCCM.
(6)
PNCCM is authorized to rely upon this Resolution until the bank has received written
notice of any amendment or recession of the resolution.
Page 74/99
Certificate
I certify that I am the duly qualified Assistant Secretary of the Board of Trustees of the University
of Louisville, that the foregoing is a true copy of a resolution adopted at the regular meeting of
such Board which was duly held on the 17th day of July, 2015, at which meeting a quorum was
present, and a majority of members present voted in favor of the adoption of such resolution. I
further certify that such resolution is still in full force and effect.
Dated this _________day of _________________, ______________.
________________________________________________
Assistant Secretary
Board of Trustees
(Seal of the University)
Page 75/99
CONCERNING CAPITAL CONSTRUCTION PROJECTS
RECOMMENDATION:
The President recommends that the following projects be approved:
PROJECT:
_
_ ESTIMATED COST:
FUND SOURCE:
Heddy & Herman Kurz Visitors Center
$2,000,000
Private Gifts
Soccer Practice Field
$2,000,000
Private Gifts
BACKGROUND:
The Visitors Center will be the centerpiece of the new main entrance (off I-65) to campus. These projects
will complement the $22 million Floyd Street safety and infrastructure program and direct future students
and visitors to the Belknap Campus, serve as a meeting place, and a route to the athletic facilities and
fields along Floyd Street.
The soccer practice field will replace the McDonald’s field (site of Kurz Center). The field will be
constructed at a site near the Lynn Stadium. The project will provide ULAA with the same amenities that
are in place at the current field such as lights, drains, irrigation, fencing and sodding. ULAA approved
this project in June.
These projects will go to the Council on Postsecondary Education on September 29 and the Capital
Projects and Bond Oversight Committee on October 20.
Committee Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
Page 76/99
Ellis,Katrina Ryan
August 2015 Degree Applicants
Embry,Phoebe Elizabeth
Arts & Sciences
Finley,Tyler James
Associate in Arts
Fridley,Marcus Andrew
Barbour,Charity Symone
Gadd,Hannah N
Greene,Lisa Michelle
Gardner,Meredith Michelle
Helms,Marissa Rae
Gividen,Erica Marie
Gribler,Aryn Renee
Gunsauley,Taylor Henri White
Bachelor of Arts
Hagan-Nelson,Melissa Dawn
Hanle,Bailee Marie
Adams,Christopher Joseph
Hardin,Joey Odessa
Adams,Tiffany Marie
Harris,Regina M
Albright,Kara Brooke
Harrison,William L
Andrew,Olivia Lauren
Harshaw,Alexandria Nicole
Austin,Taylor Alexandria
Helms,Marissa Rae
Barnett,John Paul
Holt,Raymond
Blanton,Sarah Nicole
Jones,Hunter Alexander
Brehm,Karlee Christine
Jones,Jacob Nathaniel
Brittain,Emily Marie
Krish,Jonathan Hunter
Brown,Eli Huston
Lawrence,Jayla Ryan
Burden,Tyler Steven
Le,Hau Duc
Butler,Lamondre DeShawn
Marchand,Richard Alan
Butts,Harrison Albert
Martin,Emily Lauren
Calp,Shamara Lyn
Martin,Zachary E
Caruso,Anthony
McConnell,Christopher Robert
Clare,Krista Lenee
McGruder,Rachel Lashon
Compton,Tiffany Ann
McPheron,Andrew Cody
Dahlia,Thomas
Miles,Shawn C
Davis,Nathaniel Reykun
Miller,Zachary Daniel
Deneen,Mackenzie Hallie
Minogue,Sara Kathleen
Dieng,Gorgui Sy
Moore,Justin
Dishman,Dominique Raukise
Murphy,Michelle Ann
Dodge,Shelby McKenna
Nuru,Abdulhakeem
Duke,Brandon Tyler
O'Connell,Thomas John
Eames,Molly Catherine
Owen,Tina Nydia
Edwards,Ashley Marie
Pandher,Simran K
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Pennington,Lauren R
Yoder,Amy Corinne
Polston,Andrew David
Young,Kendall Darnell
Proctor,Jacob Crispin
Young,Phillip Michael
Rodriguez,Ashley Lizett
Ruhs,Alexandria L
Bachelor of Science
Saculles,Stephanie Anne
Allen,Kelly Lynn
Sanders,Jesse Wayne
Antimisiaris,Sophia Marguerethe
Schagene,Julian Allen
Baer,Sarah Catherine
Scott,Chancellor De Nicholas
Beck,Amanda Michell
Shackleford,Frank Andrew
Bennett,Vanessa Rae
Sharp,Candace Jeanine
Bodey,Kalie Carol
Sherek,Nicholas William
Browning,Sara E
Shields,Daniel
Butz,Lauren Michelle
Shiferaw,Fasica Christine
Caldwell,Chadrick Tyler
Skaggs,Katie Ann
Chiu,Melissa
Slaughter,Shannon Laine
Deines,Megan Lucie Jane
Smith,Austin Franklynn
Doll,Erika Jean
Socha,Bridgette Katherine
El-Mallakh,James Rifaat
Spaulding,Linease Paige
Ford,Lucinda Cynthia
Springer Whallin,Julia B
Gleitz,David Howard
Stemple,Jessica Marie
Gray,Whitney Linn
Stephens,Murphy Frances
Griffith,Kenyeal Deneen
Stocker,Emily R
Hardesty,Lindsey Noel
Stratton,Justan William
Hieatt,Kieleigh Alexandria
Thurman,Richard Brent
Jasnoff,Matt T
Torregroza Barroso,Fernanda Paola
Keenan,Jennifer Rose
Torres Braun Valle,Maria Alejandra
Lacey,Stormie Destiny
Underwood,Alison Rae
Linton,Austin Jeffrey
Wade,Seth Hamilton
Lyons,Jenna Louise
Weigel,David Winter
Marin,David William
Wheeler,Erin Michael
Messmer,Alexis Anne
White,Aleya Angelique
Neuendorf,Nicholas Bryan
Whitehouse,Scott Winston
Newman,Megan Elizabeth
Wiggins,Pinkney Susannah
Philhower,Cody Nicholas
Wilburn,Lindsey P
Rasche,Courtney N
Williams,Alyce Shane'
Renn,Alexander Joseph
Williams,Jordan Jamal
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Rice,Payton Sabina
Money,Chad Preston
Satterly,Samantha Gale
Noland,Adam C
Smith,Omar Travis
Onyiri,Ogochukwu Sunny
Southers JR,David Wayne
Osborne,Dustin Lee
Spano,Antonino
Paudel,Hem Sharma
Standard,Velerial Lynn
Persons,William E
Stratton,Justan William
Petrie,Jenny M
Test,Student
Pitts,Carole Holley
Wells,Alan Michael
Schweinhart,April M
Werner,Sarah Elizabeth
Shah,Nidhi Jitendra
Whitacre,Joshua Lee
Strong,Jessica Vemich
Wilkins,Brittany Eva Ann
Suer,Charles Jacob
Workman,Austin Blake
Thapa,Rajesh
Wang,Minghu
Certificate in Diversity Literacy
Xie,Yizhou
Mayes,Wesley LaRon
Yankson,Eric
Certificate in Women's and Gender Studies
Master of Arts
Akindele,Marilyn Kasiemobi
Rose,James Patrick
Altman,Kevin Scott
Bratton,Emily Nicole
Certificate in Translation
Carlson,Robert Marvin
Campbell-Speltz,Heather Aurora
Collier,Cassandra Maria
Covington,Mary Alexandra
Doctor of Philosophy
Gettelfinger,Megan Bogard
Anderson,Paul Wallace
Ma,Qinqin
Bogart,Benjamin
Pavageau,Megan Elizabeth
Carmasin,Jeremy Stark
Pfaff,Kyle Andrew
Cooper,Michael R
Schroering,Ashleigh Larissa
Fang,Aiqin
Skees,Steven David
Feng,Yi
Foreman,Erika Dawn
Frabetti,Alton C
Master of Fine Arts
Getz,Brittney Rose
Williams,Takayla Justina
Gottshall,Charles Bradford
Hoots,Lucas Addison
Master of Science
Langley,Meghan R
Adnani Takantapeh,Moein
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Biddle,Donald Joseph
Holland,Kelly C
Biladeau,Sara Katherine
Ludwig,Rebecca Ann
Hellmann,Ashlea Nicole
Lynch,Bryan Thomas
Lentner,Geoffrey Robert
Martinez,Annia
McLawhorn,Nicole Anne
Muenchen,Adam James
Montgomery,Victoria Ann
Ngo,Tuan Duc
Saiyad,Mohamedhasib
Pryor,Michael Phillip
Sandifer,Jeremy Dewayne
Smith,Ian
Teague,Titus Uriel
Sommer,Victoria Calland Ann
Terrell,Ryan Kristofer
Steinkamp,Chris Steven
Thurman,Benjamin Grafton
Stitt,Guy Jeremy
Tian,Ran
Temple,Kayla Sue
Watkins,Khristopher Alan
Turner,Christian Taylor
Webster,James Phillip
Valeske,Laura Katharina
Zhang,Congyan
Watson,Chad Tyler
Zhao,Rong
Wertz,William Jacob
Zellers,Jamie Marie
Business
Bachelor of Science in Business Economics
Andriot,Ian Cory
Bachelor of Arts
Koopman,Allison Louise
Babbarwal,Aman
Bachelor of Science in Business Administration
Al Saif,Ahmed Ibrahim
Certificate in Accounting
Janson,Elizabeth Staley
Allen,John Bennett
Baker,Daisy Vesta
Baskett,Zerric Allen
Bae,Tae Jun
Betz,Christian Robert
Boyle,Hannah Elizabeth
Master of Accountancy
Brown JR,Ronel Allen
Abbasova,Zakiya
Carr,Jessica Rose
Bailey,Caitlin Brooke
Gallagher,Evelyn Madigan
Barnett,Danielle Lynn
Goodwin,Brian Galen
Davis,Julia
Grassman,Amelia Ann
Hafele,Nicole Suzanne
Harris,John Nicholas
Johnson,Ryan
Heustis,Graham David
Kidwell,Frances
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Lawton,John Michael
Li,Long
McKeehan,Joshua David
Li,Peiwei
Montano,Michael
Lovan,Alexandria
Lupfer,Andrew
Mackay,Patrick Samuel
Master of Business Administration
Adams,Benjamin J
Mai,Huy Xuan
Ariel-Joel,Haggai Haim
Mayfield,Joseph Ross
Bagga,Hardeep Kaur
Mcilduff,Mark Patrick
Balasubramanian,Vignesh
Melander,Ryan Adam
Ball,Joachim Patrick
Melton,Quashawn Lamar
Bormann,Abigail Marie
Miao,Michael
Bozarth,Jeremy Cole
Moutki,Houda
Brinker,Thomas David
Naik,Kuntesh
Brown,Emily May
Newton,Sarah Allison
Browne,Lindsey Helen
Pope,Natalie Elaine
Cathey,Kimberly Michelle
Prentice,Christopher Julian
Cook,Lauren
Prepeliuc,Cipriana
Crider,Cole Joseph
Rabiee,Reza Adam
Davidson,Evan Mark
Rahman,Khalil
Del Pozo,Alessandra
Rajagopalan,Kapilan S
Dunaway,John Michael
Ray,Michael David
Fisher,Abby J
Ritchie,Brandon
Foster,Jordan Thomas
Saiyed,Soha Tajoddin
Gripshover,Mark Alex
Schario,Kelly
Hariharan,Shoba
Sethi,Jasleen Kaur Paramjeet Singh
Haydon,Joseph Albert
Singh,Dipti
Hayes,Meredith Paige
Smiley,Jill Marie
Hockenbury,William
Thompson,Lyndsey
Holwager,Charles Matthew
Tidei,Paul
Hopkins,Ian R
Tinnell,Geoffrey
Howard,Andrea Lee
Traurig,Christina Clara
Jones,Paul
Wahl,Kristine E
Kelly,Michael Robert
Weis,Ashley R
Kramer,Katlin Anne
Wessel,Bryan Edward
Krouse,Ian Patrick
Lee,Elizabeth Summers
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Education & Human Development
Skaggs,Catherine Alexis
Bachelor of Science
Smith,Kenneth Dewayne
Bomar,Kathryn Lynn
Sparks,Keenan Shea
Boyle,Adam J
Swearingen,Brady
Brewer,Brandy Nicole
Swisher,Justin Burdette
Brown,Keith Zachary
Taylor,Amber Lacole
Carpenter,Corey T
Tipton,Christopher Darrett
Cephas,Davelle
Troutman,Chase Warren
Clark,Alan Oechslin
Washington,Terrell Demarcus
Clark,Daniel James
Webb,Courtney Michelle
Culton,Michael James
Williams,Brenda Kay
Cutsinger,Bryan
Williams,Jordan Michael
Davis,Stephanie Diebold
Wolf,Ryan Nicholas
Dobson,Kenneth W
Dukes,Darrin Gregory Hosbach
Bachelor of Science in Early Elementary
Dunkley,Rebecca Lynn
Education
Edwards,Jermaine Christopher
Jenkins,Kimberly Elizabeth
English,Jennifer
Johnston,Christopher Saint
Fogarty,Patrick Michael
Reid,Erin Brittany
Gilmore,Justin
Gordon,Kendall Renee
Hedden,Bradley Darren
Barnard,Allison Denise
Herberger,Daniel Ray
Burton,Sonya Lynn
Hipenbecker,Bailey Jane
Busch,Lorna Yvette
Jolly,Andrea Marie
Dix,Leah Lenore
Keenan,Kaitlyn Marie
Goldstein,Jason Ross
Logsdon,Ruth Ann
Jeppsen,Benjamin D
McRay,Kasey Brock
Miller Bennett,Victoria A
Miller,Brent Phillip
Mitchell,Amanda M
Newcom,Elliott Noel
Rice,Jason A
Paschal,Dianna Mary
Stone,Shannon Michelle
Roadhouse,Karissa Amber
Strokoff,Johanna Rachelle
Robinson Jr.,Calvin Dean
Taylor,Wanda Adams
Sands,Blake Garret
Saterfield,William Tyrone
Schleuger,Lawrence P
Master of Arts
Buckner,Lucretia Ann
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Campbell,Jerquil R
Sanchez,Desiree Nichole
Jenson,Eric Scott
Sermersheim,Brian Wayne
Kennedy,Steven Ian
Shines,Elaine Rachael
Kitts,Tristin Joy
Smith,Stephanie Marlene
Koch,Leah Aileen
Summers,Megan Ann
Reid,Joseph G
Tucker,Andrea Dawn
Vincent,Alicia Kay
Worman,Amber Dawn
Master of Arts in Teaching
Yaksic,Raymond Charles
Anderson,Jazmine Nicole
Kamer,Tiffany Hipps
Weisberg,Mariella L
Master of Science
Cue,Keshawn Lenise
English,Taisha Maritza
Master of Education
Bahojb-Nouri,Leyla Victoria
Hughes,Tashe
Boyle,Jami Lynne
Kappesser,Kimberly Denise
Brundage,John Alexander
Kimpan,John Joseph
Byers,Austin
King,Kasie Leona
Carris,Emily Katherine
Shoup,Carl Mendel
Clark,Gina Nicole
Turner,Jake Leo
Fowler,Stephanie Nicole
Van Thyne,Matthew Brian
Hart,Samantha Megan
Dyer,Michelle Lee
Herbert,Kristen Lynn
Hiner,Dylan Lee
Specialist in Education
Houston,Paige Elizabeth
Crase,Jennifer Lynne
Hunt,Ashley Nicole
Pille,Erin Elizabeth
Jones,Kevin A
Keil,Evan Dane
Martin,Amanda Lynn
Mayes,Wesley LaRon
Dentistry
Master of Science in Dentistry
Cockerham,Bobby Lee
Michalak,Courtney Lynn
Gies,Kayla
Michel,Kayti Sheldyn
Hillam,Jordan Rodney
Morris,Sydni Peak
Hsu,Ting-Wei Henry
Nguyen,Yen
Jones,Katherine Blair
Orovecz,Joseph John
Jones,Margaret Ann
Polser,Geneva Ann
Lewis,Ryan Charles
Rambadt,Brian Pierce
O'Connell,Meghan Kathleen
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Ovcharenko,Natalia
Wardrip, Krista Marie
Petkovich,Kimberly Elizabeth
Platt,Joseph Richard
Razi,Kaleem
Hao, Qiuli
Schilling,Eileen Brockman
Oak, Charles Shawn
Shannon,Christopher Jean-Bart
Slaughter III,James E
Master of Science in Social Work
Stapleton,Brandon Morris
Alvey, Kalin Cheyenne
Billington, Courtney Taylor
Bachelor of Science
Caudill, Mari Ann
Stewart, Jenna Kristine
Cebe, Ashley Beth
Edington, Elizabeth Ashley
Ellis, Curtis Ne'Coy
Doctor of Dental Medicine
Gonding, Amanda Michelle
Hayes, Derek Hunter
Hackett, Heather Ann
Rott, Robin Lynn
Hurley, Rebecca Brooke
Torgerson, Spencer R
Loaiza, Raven A
Money, Cynthia
Master of Science
Pitman, Claire Harmon
Joshi, Deepika
Sheehan, Julie Marie
Such, Brittney
Public Health & Information Sciences
Brandeis School of Law
Johnson, David Anthony
Juris Doctor
Master of Public Health
Bush, Christopher David
Rhodes, Matthew Thomas
Casi III, Paul A
School of Interdisciplinary and Graduate
Studies
Hasty, Michael D
Homer, Jessica A
Maggard, Shannon Lynn
Master of Arts
Carlson, Angela Beth
Medicine
Kent School of Social Work
Bachelor of Social Work
Al Maqtari, Tareq Mohammed Mugahed
Jeffery, Runora Jeanell
Albeituni, Sabrin
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Baldauf, Keegan J
Yoder, Laurel Olivia
Hallgren, Justin Lauren
Kumar, Pritesh Prakash
Master of Music
McCulloch, John Patrick
Schroeder, Ian Keith
Schmidt, Marvin Lee
Winchester, Lee Jordan
Nursing
Bachelor of Science in Nursing
Master of Science
Abplanalp, Wesley Tyler
Carlisle, Samantha M
Cobb, Catherine Ann
Coughlin, Lydia Clare
DeVeau, Kathryn Michele
Dupre, Tess Victoria
Gerlach, Dylan Nathanael
Hamed-Berair, Rihab Eltayeb
Jackson, Nicole Marion
Ngha, Bill Achuomih
Nkansah, Reginald Kwaku
Nuru, Mohammed
Pandit, Harshulkumar Mayankkumar
Poole, Lauren Grace
Sokhadze, Guela
Subramanian, Dhruv
Tang, Tao
Wechman, Stephen Lindsey
Music
Bachelor of Arts
Crist, Amber Jane
Gentry, Jonathan Edward
Meinshausen, Chloe Grace
Bachelor of Music
Boyd, Jalisha Vena
Caudill, Emily Cecile
Anderson, Kelly M
Baena, Monica Elena
Barnett, Jamie Michelle
Bell, Shannon Lee
Blackburn, Mindi Dawn
Boling, Kelsey Shearn
Boudreau-Burwell, Chelsea Anneliese
Chitti, Rachel Edwina
Clark, Shana Marie
Combs, Victoria Lenee
Cotton, Christopher Robert
Dauby, Emily Ann
Dewan, Rex Nathan
Fradkin, Irina
Gillespie, James Smith
Gover, Michelle Rene
Greschel, Heather Elizabeth
Hammel, Michael David
Healy, Allison Dawn
Hill, Mary Edith
Husband, Christy Nicole
Jackson, Elizabeth Mary
Lazarus, Lauren Jacqueline
Lindsey, Joy Lynette
Littlejohn, Tessa Michelle
Lose, Michelle Rhea
Mayhall, Hillary Lee
McCarty, Jerred Davis
McConnell, Michael Scott
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McCord, Daphne Lynn
Edelen,Olivia Paige
Medley, Caroline Grace
Heeb,John Michael
Melloan, James Harley
Long,Douglas Allen
Miles, Crystal Leighann
Oldham,James Gilbert
Moss, Tiffany Marie
Yanchenko,Volodymyr
Neblett, Gwendolyn Elaine
Bachelor of Science in Civil Engineering
Perry, Rachel A
Russell, Megan Leigh
Cutler,Eric Zane
Song, Ye
Decker,Dustin Ray
Stringer, Deanna Marie
Lyvers,Cody Neil
Stucker, Janella
Raksha,Massimo
Thomas, Brandi Elizabeth
Saylor,Mark Benjamin
Zwart, Mandy Marie
Schurr,Lucia Anita
Wilson,Melissa Ann
Yeager,Gregory Matthew
Master of Science in Nursing
Anderson, Virginia Lynn
Bachelor of Science in Computer
Drake, Lauren Elizabeth
Engineering and Computer Science
Parker, Erin Marie
Pearcy, Tara Lyn
Abraham,Jeena
Post Master's Certificate for Nurse Practitioner
Duncan,Cynthia Abbott
Colyer,Jacob Barrett
Cook,Robert James
Easley,Holden Thomas
Ethridge,Kyle Anthony
Speed School of Engineering
Givan,Christopher Paul
Bachelor of Science in Bioengineering
Hans,John Taylor
Black, Kaitlyn Alexandra Shay
Jackson,Joshua Thomas
Hoeper, Alyssa A
Kim,James Hyongsup
Kinney, Kelsey Amber
Knox,Jon Calvin
Montgomery, Christopher Lee
Lorch,Elizabeth Mary
Schreiver, Katelyn Michelle
Parrott,Russell Wallace
Sliter, Eric Alexander
Raichandani,Jackie Bhagwan
Straub, Heather Ann
Schweinhart,Steven A
Tapolsky, Nathalie Rachel
Thomas,Nathan Lee
Valladao, Laura Ashley
Trost,Lucas
Bachelor of Science in Chemical Engineering
Bachelor of Science in Electrical
Cox,Erik Jeffrey
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Engineering
McGovern,William Thomas
Aguiar,Ricardo Alberto
Miller,Drew E
Dobson,Matthew Lee
Mountain,Philip John
Figueroa,Daniel A
Nuttle,Steven
Olsen,David Mathew
Hall,Samuel Charles
Rains,Andrew Douglas
Hovekamp,Kevin J
Rogers,Jonathan David
Kremer,Troy Michael
Strader,John Tyler
Tangney,John Pringle
Taylor,Andrew Garrett
Bachelor of Science in Industrial Engineering
Fisher,Gabrielle Michelle
Tursic,Andrew Joseph
French,Katelyn Denise
Weigel,Jacob Todd
Lassell,Austin Jeffrey
McFarland,Jamal Rashad
Certificate in Data Mining
Murray,Allison May
McCue,Holly Marie Sova
Rees,Alexander Sean
Sun,Wenlong
Swoboda,Devon Lyn
Williams,Daniel Thomas
Certificate in Environmental Engineering
Wilson,Luke
Hack,Alexander Carl
O'Brien,Devin Patrick
Bachelor of Science in Mechanical Engineering
Baker,Matthew John
Certificate in Network and Information Security
Batchelor,Timothy Scott
Davenport,Samuel Lee
Carnahan,Andrew David
Peoples,Lorinda Marnita
Coulter,Nathan Edward
Robinson,Michael Bryant
Deacon,Cameron Neal
Dowell,James Casey
Feimer,Nicholas James
Alim,Waleed
Fetter,Keith R
Borden,Jeffery Wayne
Greenwell,Tyler William
Carreon Garciduenas,Maria de Lourdes
Guhy,Lukus Holt
Chen,Jubin
Hepke,Dakoda T
Nemati,Farid
Keeney,Sean Michael
Zeng,Kai
Larkin,Matthew T
Lovelace,Brendan Taylor
Martinez-Lopez,Oscar D
Master of Engineering with specialization in field
of Bioengineering
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Choi,Young
Saligumba,Steve Cledera
Knapp,Nicole Anne
Morris,Brandon
Master of Engineering with specialization in the
Scherzer,Michael Thomas
field of Engineering Management
Shields,Garrett Patrick
Aguilar,Yeannina Yitzel
Wainwright,Grace Noel
Akaydin,Matthew Heinz
Alacon Hurtado,Juan Miguel
Ayarza,German Enrique
field of Chemical Engineering
Bakun,Michael A
Meredith,Oliver Muir
Biancheri Loo,Italo Giovanni
Meriden,Omar R
Bryant,Loren Adrienne
Robeson,Matthew James
Cabal Doens,Elisa Lorena
Campbell Oropeza,Denise Linette
Chaparro,Julian Eduardo
field of Civil Engineering
Coronado,Mayhell
Ward,Angela Danielle
Delgado,Juan Carlos
Devine,Benjamin D
field of Computer Engineering and Computer
Science
Espinosa Castillo,Efren Enrique
Ferrero,Rafael Augsuto
Gardner,Luis Guillermo
Gilbert,Robert Gordon
Block,Bryan Patton
Gonzalez,Jose Gabriel
Bond,James Matthew
Hands Salerni,Tomas Eduardo
Coleman,Christopher A
Hayes,Gregory Thomas
Couch,Cody William
Hermida,Aurora
Couch,Kyle Alexander
Hicks,Joshua Timothy
Davenport,Samuel Lee
Hopkins,Charles James
Donnermeyer,Andrew J
Howerton,Aaron J
Meredith,Charles Logan
Malcom,Stephen Alexander
Sabel,Nicholas Tyler
Martinez Lassonde,Abdel
Wainscott,Collin David
Marx,John Theodore
field of Electrical Engineering
Mauk,Tyson Norton
Mendoza Merchant,Neiram Luzett
Murillo,Victor Manuel
Barrett,Zacharie Allen
Oliva Cano,Byron Dario
Kenett,Stephanie Bustamante
Pineda,William German
McClellan,Madison C
Ramos Saavedra,Victor Jovino
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Restrepo,Henry
Martin,James Jonathan
Rojas Toro,German Ernesto
Rowley,Samuel Warren
Ruiz,Diana Wong
Rush,Everett Neil
Torrente,Juan Marcial
Shang,Hong
Tunon,Yarisell Melissa
Shoup,Cory Blaine
Steele,Victoria Elisabeth
Stutts,Thomas James
field of Industrial Engineering
Tyagi,Purnima
Bell,Gerald Francis
Brown,Nathan Thomas
Cromwell,Keri Peyton
Dreisbach,Andrew A
Lassell,Austin Jeffrey
field of Mechanical Engineering
Daunis,Matthew Klint
Driscoll,Patrick John
Hack,Alexander Carl
O'Brien,Devin Patrick
Seelhorst,Allen Thomas
Walsh,Tyler Charles
Master of Science
Alvarado,Jessica
Billman,David William
Dettlinger,Zachary Dane
Dickerson,Alisa Marie
Fenko,Anna
Hall,Dalton James
Hamad,Lindsey Marie
Hemingway,Erik R
Krebs,Steffen
Kung,Ryan Ge-Chel
Kwon,Lois Haeun
Malladi,Sudeep Vikram
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CONCERNING THE CREATION OF THE JOHN H. SCHNATTER
CENTER FOR FREE ENTERPRISE
Board of Trustees –
July 17, 2015
RECOMMENDATION:
The President recommends that the Board of Trustees approve the creation of the John H.
Schnatter Center for Free Enterprise.
BACKGROUND:
The Schnatter Center proposal and budget are attached.
The creation of the Center was approved by the Faculty Senate on July 1, 2015. The
Executive Vice President/University Provost joins the President in making this recommendation.
Board Action:
Passed: ________
Did not Pass: ____
Other: _________
Date: __________
__________________________________
Assistant Secretary
Page 90/99
Version 2 (9 April 2015)
John H. Schnatter Center for Free Enterprise
1.
Purpose of the Center
Center’s Mission
The Center’s mission is to engage in research and teaching that explores the role of enterprise and
entrepreneurship in advancing human well-being. The center activities will include research, teaching,
research seminars, reading groups, public lectures, and other outreach activities, as well as, courses
related to the mission of the center and an annual speaker event.
COB Mission
The College of Business at the University of Louisville offers high quality undergraduate and graduate
business programs that prepare our students for responsible and rewarding careers. We enhance the
intellectual and economic vitality of our city, the region, and the broader business community through
our academic programs, research, and community outreach activities.
University Mission
The University of Louisville shall be a premier, nationally recognized metropolitan research university
with a commitment to the liberal arts and sciences and to the intellectual, cultural, and economic
development of our diverse communities and citizens through the pursuit of excellence in five
interrelated strategic areas:
1.
2.
3.
4.
5.
Educational Experience
Research, Creative, and Scholarly Activity
Accessibility, Diversity, Equity, and Communication
Partnerships and Collaborations
Institutional Effectiveness of Programs and Services.
Although the Forcht Center in the College of Business has entrepreneurship in its name, it deals
exclusively with training individuals to become entrepreneurs. This differs from the mission of the John
H. Schnatter Center for Free Enterprise which will engage in research and teaching about the influence
of entrepreneurship and enterprise on society and the practical, real-life ethical issues faced by
businesses and business people. For the Center to be successful, several new faculty will be recruited to
teach classes and engage in research examining the influence of enterprise and entrepreneurship. The
center is fully funded for the first five years.
The Center activities will include:
•
Provide educational initiatives including courses, seminars, reading groups, research fellowships,
symposiums and lectures, including one annual “keynote” speaker who will help build a larger
intellectual exchange around the Center’s Mission through a talk on the role of enterprise and
entrepreneurship in advancing well-being.
•
Engage the Louisville community through talks, seminars, dissemination/publication of research,
and other activities that will share the Center’s work with the community.
•
Encourage topical research in enterprise and entrepreneurship including the influence of public
policies on economics.
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The Center will help fulfill the COB mission in several areas. The Center’s activities will help enhance the
economic vitality of the city region and business community in general. The courses will examine the
business values that help businesses become successful. Tentatively, depending on the pool of
applicants, we would like to have the new faculty teach Austrian Economics or Public Choice Economics
at the undergraduate level, and an MBA course on Business Values. We currently do not have
economics faculty with fields in those areas. Other courses that the new faculty will teach will depend
upon their fields and interests. We will also use the visiting faculty to teach courses currently not offered
in the economics department or to fill gaps in courses that we need. The research seminars will be for
both students and faculty and will engage both in ideas about the relationship between
entrepreneurship and economic growth. Reading groups for students will be organized examining ideas
from past and current authors on areas relating to the mission of the center. These student activities
will help prepare our students for responsible and rewarding careers.
The center will be sponsoring speakers that are open to the business community. I intend to bring in
several entrepreneurs and authors as speakers. Some potential speakers might be Jonathan Haidt,
author of The Righteous Mind, and Carl Schramm, previous head of the Kauffman Foundation.
Jonathan’s ideas about moral psychology and capitalism may help to bring better understanding on why
various groups tend to differ on capitalism. Carl’s experience at the Kaufmann Foundation will be useful
to entrepreneurs in understanding what works and what does not work in starting a business. The intent
is to bring local business people to speak to classes and student groups about their entrepreneurial
experiences. This should help the Center and COB forge even better relationships with the business
community.
Research funding is available in the gift. We have five summer research grants each year. Other
research will be up to the faculty to determine on their own. The Center’s economists will examine the
influence of policies, entrepreneurship, and free enterprise on economic outcomes. The particular
policies and topics examined will depend on their fields. If we commit to specific topics, then we will
limit the candidates in the hiring pool to too specific of an area. Thus we have kept the research area
open to make it possible to hire the best candidates that have the ability to communicate the ideas
relating to the mission of the center. Center affiliated faculty will be encouraged to engage in
interdisciplinary research. Research examining free enterprise and entrepreneurship can have direct
applicability to the community in terms of understanding what policies are viable for greater economic
growth.
The Center will also have an annual speaker event bringing in a nationally known speaker. This series will
be open to all students and the public at large. This will enhance the mission of the college through
enhancing the intellectual vitality.
The Center will not be involved in any certificate programs. Classes taught by Center affiliated faculty
will be in their Department and assigned according to the needs of the College.
All of these activities are related to the University’s mission. They enhance the educational experience of
our students by engaging them in ideas about entrepreneurship and economic growth. The research
from the center will help make the university a nationally recognized metropolitan research university.
2.
Director
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Stephan F. Gohmann, BB&T Distinguished Professor of Free Enterprise and Professor of Economics will
direct the center. His involvement will be 20 percent of FTE for the first three years. Money from grants
from the John H. Schnatter Family Foundation and the Charles Koch Foundation will be used to pay for
his time. Faculty members will be recruited to work with the center and will receive summer funding for
research and participation. Since these faculty members are on a ten month appointments, their
present activities will not have to be replaced. The other key faculty members will be the two new
faculty hired to participate in the Center and teach economics. The faculty will be hired by the
economics department and will be affiliated with the Center. All hiring will follow university and College
of Business procedures and will be conducted by the Department of Economics. The hired faculty will
belong to the Department of Economics, and will follow all procedures that other department faculty
follow.
3.
Staff
The Center’s staffing needs with be a shared administrative assistant at 40% of time, a marketing and
events coordinator at 100% time and a development officer at 50% of time to be shared with the COB.
The amount of funding for staff positions is sufficient for these percentages. These individuals will be
retained through the normal university hiring process.
4.
Space requirements
The Center will be housed in the College of Business room 144 which used to be occupied by the Equine
Program. One office room and a secretarial area will be used. Since the space is currently unoccupied,
the Center will not need to relocate any other individuals.
5.
Equipment
The administrative assistant and development officer will each be provided with a computer from
surplus computers in the College of Business. If no surplus computers are available the Center will
purchase them. Printers will be purchased as necessary.
We will purchase several new computers for the new faculty and programs such as Stata. Also we wish
to have money available to purchase data that new faculty may wish to use depending on their needs.
For example, the CRSP (center for Research on Security Prices) and Compustat data bases are quite
expensive and would likely use all of the $30,000. Also entrepreneurship data is quite expensive. Again,
since the needs of the new faculty hires are unknown, we want to have a cushion to give them and
other affiliated faculty money to purchase necessary equipment.
6.
Source of Funds
The center will be fully funded for the first five years using funds from grants from the John H. Schnatter
Family Foundation and the Charles Koch Foundation. This funding is anticipated to occur on March 11,
2015. The amount of funding for the first three years is as follows:
Year 1 $1,530,800
Year 2 $1,187,800
Year 3 $1,187,800
7.
Statement from the Dean
Attached
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8.
Anticipated revenues and expenditures
See the attached budget form.
9.
Provide a written statement from the Dean, Vice President or department chairs verifying
each financial commitment made in support of the program.
In the attached letter from 7 above.
10.
Indicate how the work of the Center or Institute will be evaluated. Please describe the Center
or Institute’s evaluation plan according to the following criteria:
a. the specific objectives or anticipated outcomes for the work of the Center or Institute;
Activities & Timeline
The John H. Schnatter Center for Free Enterprise at the University of Louisville will facilitate the
following:
2015-16 Academic Year
•
Establish the Center

•
Advertise to hire either 1 or 2 faculty member(s) to teach courses and conduct research in
economics. The timeline for the hires will depend on the quality of the talent market. New hires
will teach courses and grow the Center’s capacity to educate students in the ideas of free
enterprise.
Identify and mentor undergraduate and MBA students through:
o
A lecture series on the role of the entrepreneur in society, the conditions under which
entrepreneurship drives prosperity and well-being, and the moral foundations of a free society;
o
Reading groups covering seminal works in economics and entrepreneurship, especially
the institutions that drive societal well-being: property rights, free enterprise, and sound money,
among others, at the Center director’s discretion.
o
Research assistantships wherein students will work with Center faculty to study the
institutions which encourage entrepreneurship and prosperity in society.
•
Hire outreach director to begin building the Center’s network
•
Courses to be offered to undergraduate or professional and full-time MBA students based upon
the Center’s mission.
2016-2017 AY
•
Hire visiting professor/researcher to build on the Center’s teaching and research capacities,
improving the quantity and quality of the Center’s program and intellectual output in the following areas
pursuant to the Center’s mission:
o
Research and teaching that explores the role of entrepreneurship and enterprise in advancing
well-being in a free society.
o
The institutional conditions under which entrepreneurs create the most value.
o
Kentucky’s economic institutions compared with similar geographic areas.
Page 94/99
•
Add 1-2 PhD fellowships whose recipients will be mentored by Center faculty, including new
faculty hired through this program.
2017-2018 AY
•
Add 1 research fellow, expanding capacity for policy-relevant and “foundational” research,
b. the specific measures, assessment tools, and/or performance indicators that will be used to assess
the fulfillment of the Center or Institute’s objectives;
We will measure participation in center activities as follows:
For hiring: How many positions are filled, how many candidates applied, and courses taught by these
new hires. This applies to both tenure track and visiting faculty.
For the outreach/development director, we will examine the number of contacts and amount of funding
generated each year.
Research: We expect all faculty hires to produce high quality research, but realize that this pipeline takes
some time. The measure of research productivity will be the number of academic articles submitted,
conference presentations, number or articles published, and quality of the publication as measured by
the College of Business publication list. The research expectation will be the same as for all other tenure
track faculty members in the COB. Similar expectations will be applied to the visiting faculty.
Participants in the center will also be expected to engage in the community. Although we have no set
number of engagements, we will measure how many speaking events, interviews, and editorials they
produce.
For the lecture series and reading groups, we will measure the number of participants at each event.
Likewise, for courses offered pertaining to the center, we will measure the number of students enrolled
in the course.
PhD fellows are expected to proceed through the program successfully. The measure here will be the
number of academic papers they have written as well as their grades in the program.
c. the schedule for collection, analysis, and reporting of evaluation data described in b. above;
The information will be collected as it happens and reported at the end of each academic year.
d. the person, committee, or entity that will receive the evaluation data or reports and is responsible
for developing and implementing changes and improvements.
These data will be presented to the Dean of the College of Business. He will meet with the Center
director to discuss changes and improvements.
Page 95/99
University of Louisville
Centers and Institutes Budget Form
Revised 4/14/2015
Center/Institute: _______________________________________
The John Schnatter Center for Free Enterprise
Given the hiring of faculty takes one year, additional revenues will be carried over to the next year
Unit Home (i.e. A&S,
College
Med…)
of Business
_______________________________
Amounts and Sources of Revenue
Fiscal Year
Projected
2015-2016
1. Regular State
Appropriation & Fees
a. New Allocation
b. Internal Reallocation
Projected
2016-2017
Projected
2017-2018
Projected
2018-2019
Projected
2019-2020
Projected
2020-2021
0
0
0
0
0
$941,200
$620,800
$941,200
$259,800
1,134,530
$941,200
$259,800
1,146,410
$941,200
$259,800
1,158,290
$941,200
$259,800
1,170,170
0
2. Institutional Allocation from
Restricted Endowment
3. Institutional Allocation from
Unrestricted Endowment
4. Gifts
John H. Schnatter Family Foundation
Charles Koch Foundation
Carryover of unexpended funds
5. Extraordinary State Appropriation
1,182,050
6. Grants and Contracts
7. Capitation
8. Capital
9. Renovation
10. Library Support
TOTAL REVENUES
$1,562,000
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$2,335,530
$2,347,410
$2,359,290
$2,371,170
$1,182,050
Expenditures for the Center/Institute
Current
2015-2016
Fiscal Year
Projected
2016-2017
Projected
2017-2018
Projected
2018-2019
Projected
2019-2020
Projected
2020-2021
I. Personnel
1.Full-time Faculty (FTF)
a. Number of FTF
b. Total Salaries
c. Total Fringe Benefits Cost
0.2
37000
10545
COST OF FTF : (b+c)
$47,545
4.2
527000
150195
$677,195
4.2
527000
150195
$677,195
4.2
527000
150195
$677,195
4.2
527000
150195
$677,195
4.2
527000
150195
$677,195
2. Part-time Faculty (PTF)
a. Number of FTF
b. Total Salaries
COST OF PTF: (b)
3. Graduate Assistants (GA)
a. Number of GA
b. Total GA Stipends
@$33,000/year
These are stipends that
will supplement
incoming students
COST OF GA: (b)
$0
4. Staff Support (SS)
a. Number of Staff
b. Total Staff Salaries
c. Total Fringe Benefits Cost
2
105000
29925
4
4
4
4
4
132000
132000
132000
132000
132000
$132,000
2
105000
29925
$132,000
2
105000
29925
$132,000
2
105000
29925
$132,000
2
105000
29925
$132,000
2
105000
29925
COST OF SS: (b+c)
$134,925
$134,925
$134,925
$134,925
$134,925
$134,925
TOTAL PERSONNEL COST
$182,470
$944,120
$944,120
$944,120
$944,120
$944,120
Page 97/99
II. Operating Cost
1.Supplies, Including equipment Maintenance
15000
15000
15000
15000
15000
15000
2. Travel
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
3. Library
a. one-time retrospective purchasing
b. Book and journal acquisitions
c. Computerized information system
4. Student Support-Tuition Remission
5. Equipment
6. Off-campus Facilities
7. Accreditation
8. Other (explain)
Speakers, reading groups, etc
ADD SURPLUS HERE
TOTAL OPERATING COST
$170,000
$170,000
$170,000
$170,000
$170,000
$162,930
$245,000
$245,000
$245,000
$245,000
$245,000
$237,930
$0
$0
$0
$0
$0
$0
$427,470
$1,134,530
$1,189,120
$1,146,410
$1,189,120
$1,158,290
$1,189,120
$1,170,170
$1,189,120
$1,182,050
$1,182,050
III. Capital Cost
1. Facilities
a. New Construction
b. Renovation
c. Furnishings
TOTAL CAPITAL COST
TOTAL EXPENDITURES
Unexpended funds
Page 98/99
List all current employees paid from the center/institute budget (faculty, staff, graduate asst. or other temp. employees.)
1.Full-time Faculty (FTF)
Name
Full-time Equivalent
(FTE)
Stephan F.
Gohmann
Status
Perm. or Temp.
0.2 perm
Total
Salary
132093
Total
Salary paid by
the program/center/institute
37000
$37,000
2. Part-Time Faculty (PTF)
Name
(FTE)
Status
Perm. or Temp.
Total
Salary
Salary paid by
Status
Perm. or Temp.
Total
Salary
Salary paid by
Total
Salary
51400
83525
Salary paid by
815400
83525
Total
3. Graduate Assistants (GA)
Name
(FTE)
Total
4. Staff Support (SS)
Name
To be hired
To be hired
(FTE)
Status
Perm. or Temp.
1 perm
1 perm
Total
Note: the total FTE and salary amounts should be equal to the personnel cost information listed in the departmental expenditures.
Page 99/99

Board of Trustees Retreat July 17, 2015 Jenny Wiley Kentucky State

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