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The U of L Files

State Audit Finds Dysfunction, Rule-Breaking, Lack of Transparency at U of L Foundation

A state audit of the University of Louisville Foundation found a president with too much unchecked power, numerous examples of broken bylaws and a “dysfunctional governing climate” at the school’s nonprofit.

But the 59-page report released Wednesday by State Auditor Mike Harmon stopped short of making referrals for a criminal investigation.

Dunn And Done: Million-Dollar Parachute For Top U of L Exec

A top University of Louisville executive who was under FBI investigation for alleged misuse of funds was given a $1.15 million parachute this week to leave.

David Dunn, executive vice president for health affairs, has been on paid leave since last December, collecting an $809,000 annual salary even though his contract expired in July.

At U of L, Losing Accreditation Would Mean Major Peril

If the University of Louisville lost its accreditation, it would likely shut down — or at least cease to exist as you know it.

Only the wealthiest students would remain because unaccredited institutions don’t get Pell grants and federal student loans. An exodus of talented faculty would likely follow as enrollment dropped. Card Nation might become just a memory, too, since the NCAA’s rules allow only accredited schools to compete.