University of Louisville Research Foundation
University of Louisville Research Foundation reported $659.3 million in revenue and $701.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $97.94 went to program services, $2.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.4% of the total. Government grants made up 24.0%. The highest compensation it reported for one person was $1,247,194 (President to 3/26/25). Revenue rose 29% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $702MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $659M- Contributions & grants (non-government)$2.56 $17M
- Government grants$24.05 $159M
- Program service revenue$72.43 $478M
- Other revenue$0.96 $6.4M
Investment income was negative: −$114K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 26.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 24.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 72.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,247,194 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.18% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe University of Louisville Research Foundation houses financial activity related to services provided by the UofL Health Sciences Center and over 1,200 physician faculty within the University's School of Medicine. The faculty at the School of Medicine staff 260 clinics over a multi-state region and provided the following services during the fiscal year: - Added 132 new providers and 5 new locations to serve the local community and the Commonwealth; - Treatment provided in over 2.5 million separate patient visits; and - Added more than 118,500 new patients to the UofL Health System. The…
The University of Louisville Research Foundation (ULRF) continued its mission of conducting groundbreaking research in the 2024-2025 fiscal year, securing over $170 million to drive innovation and address critical societal challenges. This significant investment, comprising 857 separate awards, fuels essential research across key areas, including health, workforce development, engineering, and climate resilience. Federal agencies recognized ULRF's leadership with $91 million in direct funding, complemented by $27.2 million in federal flowthrough. Robust support from the Commonwealth of…
The University of Louisville Research Foundation provides funding for student scholarships at the University of Louisville. During the fiscal year, the organization provided $14 million in funds to approximately 2,500 students attending the University
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President to 3/26/25 Officer, 0.5 hrs/week | $0 | $947,939 | $299,255 | $1,247,194 |
| Vice Pres to Pres eff 3/27/25 Officer, 0.5 hrs/week | $0 | $657,196 | $61,427 | $718,623 |
| Former Vice President Former | $0 | $526,076 | $61,496 | $587,572 |
| Vice President from 2/13/24 Officer, 0.5 hrs/week | $0 | $490,456 | $41,168 | $531,624 |
| Vice Pres from 3/27/25 Officer, 0.5 hrs/week | $0 | $318,353 | $14,668 | $333,021 |
| Former Vice President Former | $0 | $280,414 | $50,879 | $331,293 |
| Former Vice Pres Former | $0 | $194,637 | $27,144 | $221,781 |
| Director Director/trustee, 0.5 hrs/week | $0 | $149,912 | $31,121 | $181,033 |
0 people received more than $100,000 in reportable compensation from University of Louisville Research Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 612
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| UNIVERSITY OF LOUISVILLE PHYSICIANS INC Medical/healthcare | $10,790,250 |
| WESTERN KENTUCKY UNIVERSITY Research services | $1,689,659 |
| CARDINAL HEALTH INC Medical services | $1,477,598 |
| UNIV OF KY RESEARCH FOUNDATION Research services | $1,190,825 |
| CHARTIS GROUP LLC Consulting services | $1,091,168 |
Individuals listed as contractors are left out. 88 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to University of Louisville Research Foundation totaling $65,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Louisville Research Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Louisville Research Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Louisville Research Foundation spent in FY2025, $97.94 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Quinnipiac UniversityHamden, CT · revenue $659M · programs 87.2% · FY2025
- Universite de SherbrookeCanada, · revenue $662M · programs 76.9% · FY2025
- Seton Hall UniversitySouth Orange, NJ · revenue $657M · programs 88.3% · FY2025
- Everglades CollegeFt Lauderdale, FL · revenue $663M · programs 100.0% · 2024
- The New SchoolNew York, NY · revenue $631M · programs 85.4% · FY2025
Questions people ask
How much of University of Louisville Research Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Louisville Research Foundation reported that 97.9% of its $701.6 million in expenses went to program services, 2.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of Louisville Research Foundation pay its top executive?
The largest total compensation University of Louisville Research Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,247,194, for the role of President to 3/26/25 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Louisville Research Foundation get its money?
Of $659.3 million in revenue in the fiscal year ending June 30, 2025, 26.6% came from contributions and grants (including 24.0% from government grants) and 72.4% from program service revenue (Form 990, Part VIII).
Is University of Louisville Research Foundation a registered charity?
The IRS lists EIN 61-1029626 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349300908 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349309896 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349304318 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349303468 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349304560 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349300332 · read the filing
All filings for EIN 61-1029626: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.