Greg Postel, who has been on the University of Louisville payroll since 1994, says he cares a great deal about the school, suggesting that he has been very supportive of UofL. His financial support, however, while notable, has been erratic, and interesting in one instance.
Postel’s record of giving to the University is relevant because he wants to be UofL’s next President, responsible for overseeing and growing the school endowment, now valued in the neighborhood of $770 million. Postel would be the individual expected to inspire donors to invest in the University’s future. It would help if he had been generous himself.
An open records request to the University by UofLCardGame yielded the information that Postel has donated a total of $36,120 to UofL over the past 23 years. That’s for an employee currently drawing at least $950,000 annually, serving as Interim President of the school and Interim Executive Vice President for Health Affairs.
Postel’s most significant donation to the University was on December 1, 1998 when as Assistant Professor of Radiology he made a lump sum gift of $35,000 to the UofL School of Medicine. Coincidentally, he was named permanent Chairman of the Radiology Department in April just five months later.
This largest gift coming during the administration of former UofL President John Shumaker who reportedly increased the school’s endowment from $183 million to $500 million from 1995 to 2001. No way of knowing 20 years later whether there was any relationship between the gift and the appointment. The timing is interesting.
Postel actually has made only three financial donations to the school, all of them to the School of Medicine. His second financial contribution was 14 years later. It was a gift of $1,000 to the school and the J. Graham Brown Cancer Center in connection with the old Mint Julep Ball before the 2012 Kentucky Derby.
His most recent gift to UofL came four years ago in October of 2014 when he pledged a modest $120, again to the School of Medicine. The money was deducted in amounts of $10 each via payroll deductions over the next 12 months. He has made no contributions to UofL athletics or other academic programs.
The initial gift of $35,000 was credited solely to Postel. The subsequent donations were in the name of Postel and his wife Sally L. Postel, a University of Kentucky graduate. A response to an open records request to UK indicated that the Postels have made no contributions to the Lexington school.
According to the response to our information request on Dec. 21st, Postel had not made any additional financial contributions to UofL since becoming Interim President in January 2017.