Handmaker provides insight into Jim Ramsey’s compensation at UofL

Jim Ramsey and Junior Bridgeman during one of Ramsey’s final board meetings at UofL.

Somewhere in Florida, Jim Ramsey is catching up on his golf game, hopefully recovering from some of the controversy that surrounded his departure as President of the University of Louisville last year.

As she resigned, Margaret Handmaker provided some facts on issues affecting UofL’s efforts to fend off attempts by a competitor university to recruit Jim Ramsey away from Louisville.

Some additional perspective on Ramsey’s compensation at UofL was recently provided by Margaret Handmaker when she submitted her resignation from the UofL Foundation to Diane Medley, the new Chairman of the Foundation.

Ramsey was sharply criticized by some former members of the University Board of Trustees for what some believed was excessive remuneration. The annual compensation in his IRS returns between 2012 and 2014 was confusing because his reported income apparently included deferred payments.

The criticism, not surprisingly, came from Trustees who were not around when the University Board in 2005 adopted a Deferred Compensation Plan — a practice employed by universities to attract and retain key leaders through competitive levels of total compensation and deferred vesting.

Diane Medley recently assumed the chairmanship of the UofL Foundation. She’s also a member of the UofL Board of Trustees.

In her letter of resignation,Handmaker noted that the UofL Foundation would “be faced with a significant shortage of institutional memory” moving forward with a new Interim Executive Director, all new University Trustees, and all new UofL Foundation board members.

She also noted that “as with other complex boards, the  University relies on a committee structure to report information to the full board. Any suggestion that Trustees do not know what is going on at the Foundation is not well informed.”

She attached a memo in which she stated:

— “President Ramsey was recruited by the University of Tennessee, and the UofL Trustees felt strongly that they wanted to do “whatever it took” to keep him at the University of Louisville.

— “In discussions with President Ramsey, the Chair of the Trustees learned that the President did not want a higher salary, but a supplemental retirement benefit would be attractive to him.

— “Once again, the Trustees asked the Foundation to pay this benefit.

— “The same person chaired both the Board of Trustees and the Foundation Board (as was often the case), so the “ask” was a bit of a formality. The grant and the ultimate payout of the retention plan was reported in the Foundation’s IRS Form 990, which is available to the members of all boards and to the public.”

Kathleen Smith was a key member of Ramsey’s staff at the University while also overseeing Foundation activities.

Ramsey also came under attack for retention bonuses for some of his staff, including Kathleen Smith, who served his chief of staff at the University and for the UofL Foundation.

Handmaker notes in her memo that “when (the late) Chester Porter was chair of both boards, he said that it was critically important to discourage Kathleen Smith from electing early retirement. A retention plan for Kathleen was designed by Chester and implemented by the Foundation.” Smith was placed on paid leave last fall.

Handmaker was among four directors who resigned from a group that also included Dr. Salem George, Joyce Hagen, and Dr. William Selvidge. 

They were around when Jim Ramsey was in the midst of transforming the University from a commuter school to a member in full standing in the Atlantic Coast Conference, significant improvements in the GPA average of incoming freshmen and higher graduation rates, unprecedented growth in the University’s endowment, unparalleled growth of the physical campus and a boom in student housing.

They saw the best of times under Jim Ramsey and, in recent months, some of the most challenging days ever for UofL. 

The hits keep coming but milestones never stop at University of Louisville

The University of Louisville is under attack on so many fronts that some of us are becoming hardened to the accusations, skeptical of the sources. Some unbelievable accusations have surfaced, and they never seem to go away. 

Any more bad news out there? Cough it up and clear the air. Only three more weeks before 2016 becomes history. What a crappy year in so many ways.

— Jim Ramsey, the former UofL President, accused of administrative irregularities in a state audit of the UofL Foundation. That would be the same Jim Ramsey who is credited for the unprecedented growth of the University over the past decade. 

— The Southern Association of Colleges and Schools placing UofL’s accreditation on probation for a year for actions taken by Governor Bevin in attempting to replace the current members of the Board of Trustees. Why the organization would threaten the school’s accreditation for any reason other than academic reasons defies any logic. No surprise, however, given the ideology of members governing the Southern Association.

— Governor Bevin, ignoring the Southern Association’s action, indicating that he will attempt to change state law during the 2017 legislation session to justify his action. A dangerous precedent if he is successful, allowing future Governors to replace board members at will, possibly putting the University’s very existence at risk in a state where little love is lost on UofL.

Few people in America more noble or better positioned than sportswriters to address sins and shortcomings.

— The never-ending probe of the UofL basketball program following revelations that former player and assistant coach had been sponsoring stripper parties and sexual favors for players. Once a program is accused, the NCAA’s review process drags on forever, with no consistency in how cases are handled and punishments are administered.

— The latest embarrassment, the admission of a Wake Forest radio football analyst that he had provided game plan information to opposing teams, including UofL. Louisville, unfortunately, was where information was uncovered exposing the individual, exposing UofL to criticism from the talking heads and saintly sports columnists like Tim Sullivan.

The lowest of low points, being lectured by the scribes. Few people in America more noble or better positioned than sportswriters to address sins and shortcomings. Who’s to question their qualifications? A terrible profession when success is often defined by how many people hate you.

Quite a tumble from the glory years, particular from the Year of the Cardinal in 2013 when the University of Louisville could do no wrong. Distant memories for now.

The Lamar Jackson success story, the first UofL football player to ever win the Heisman Award, providing a brief reprieve from the torrent of bad news. But also serving as a reminder that many great things will continue to happen at UofL.

Overcoming hard times is part of being an advocate for the University of Louisville. Fans and supporters of UofL have had to weather more than their share of adversity over the decades.

They’ve grown accustomed to being targeted by neighboring fans, by a local newspaper that claims to be a state newspaper at the expense of the local school, and by the growing pains that occur when a school is ambitious. Predictably the University of Louisville always gets stronger and better, achieving unprecedented milestones while eyeing even more challenging goals.

Always been that way. It will never change. 

New UofL Foundation Chairman says lawsuit not necessary or productive

Every day is Game Day at the University of Louisville for Brucie Moore whose first challenge as the new Chairman of the UofL Foundation is the threat of a lawsuit from the UofL Board of Trustees.

Moore, who succeeded Bob Hughes in the role last Friday, said she didn’t believe “a legal lawsuit between the Trustees and the Foundation is necessary or productive.” She said the Foundation has approved the addition of two new personnel to help respond to numerous open records’ requests and intends to be as transparent as possible.

Larry Benz and Mark Lynn during Foundation board meeting Friday.
Larry Benz and Mark Lynn during Foundation board meeting Friday.

A graduate of the University of Maryland, Moore is from Waverly in Union County where she serves as County Attorney/Prosecutor. She obtained her law degree from the University of Memphis. She also serves on the UofL Board of Trustees.

“My heart is with this University,” she told reporters. “As I walk around this campus, I see the students, I see the faculty and staff. It’s Game Day every day on this campus. This University has been here over 200 years. We’ve had a rocky few months but every major university responds to challenges, and we’re going to move forward.”

Moore said she was in favor of a forensic accounting of Foundation records, something “that means a lot of different things to different people. This Foundation has grown so much so quickly that we need to get our arms around this process.”

She believes the audit should be a joint effort between the Foundation and the University. “All members of the Board of Trustees are welcome to have input into the process, including the naming of the accounting firm.”

Moore was appointed to the UofL Board of Trustees in 2008 by then Kentucky Governor Steve Beshear. According to the Courier-Journal, Moore has given at least $71,745 in campaign donations since 1998, including $4,000 to Beshear; $1,000 to Beshear’s son, Andrew; and $1,240 to the Kentucky Democratic Party.

According to sources, Gov. Beshear, a University of Kentucky grad, wanted to scuttle the UofL Foundation, and fold the organization under the auspices of the Board of Trustees. All recent Beshear appointments appear to be leaning in that direction.

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Last Friday, Jim Ramsey stepped down as President of the Foundation and Bob Hughes agreed to relinquish his chairmanship in the interest of the University and to promote harmony between the two organizations.

No indications as yet of any reciprocal actions from Larry Benz or Craig Greenberg, members of the Board of Trustees who led the attacks against Ramsey and the Foundation.

The Trustees will meet Thursday to consider nominations, the Foundation on Friday to consider requests for proposals to conduct the comprehensive audit.

Per Bob Hughes: UofL Foundation had no plans to fire Jim Ramsey

Contrary to a Courier-Journal report, Jim Ramsey was not going to be cut loose from the University of Louisville Foundation at a specially-called meeting of the group’s Executive Committee on Monday. Nor was his assistant Kathleen Smith going to be fired.

The meeting, which was canceled, had been scheduled quickly over the weekend following a missive from the J. Graham Brown Foundation on Friday demanding an audit and warning that it could withhold donations from the ULF without more transparency.

Jim Ramsey would have served as a resource under proposed agreement.
Jim Ramsey would have served as a resource under proposed agreement.

“Actually the main purpose of the meeting was to issue a Request for Proposal for a full audit as soon as possible and get the process started,” said Hughes. “We have the utmost respect for the Brown Foundation and what it has done for UofL.”

Ramsey’s future was to be discussed, based on preliminary discussions between Bob Hughes, ULF Chairman; Larry Benz, Chairman of the “old” UofL board, and Craig Greenberg, another UofL board member. “We were going to debate accepting Jim Ramsey’s resignation but to be available as a resource until June 30 of next year,” said Hughes. “They indicated they were in agreement and thanked me for taking the initiative.”

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Jim Ramsey still wants to help University of Louisville achieve research mission

Submitting his resignation as President of the University of Louisville had to be the hardest thing Jim Ramsey has ever done, considering the phenomenal growth that occurred at UofL during his 14 years at the helm.

The Louisville native told this observer that he wants to continue to work with individuals and community organizations which share his aspirations for the University, wanting very much to see UofL’s trajectory continue spiraling upwards.

Jim Ramsey sharpens focus on development at UofL Foundation.
Jim Ramsey sharpens focus on development at UofL Foundation.

He’s confident UofL is in good hands with Neville Pinto filling the vacuum as Acting President. “Dr. Pinto is a strong, proven academic leader, and did an exceptional job as the Dean of Speed School and as the Acting Provost,” he said.

Ramsey said he will miss the day-to-day interaction with UofL students, staff and faculty, but wants to continue supporting the University in meaningful ways. He hopes that by continuing as President of the University of Louisville Foundation, he can contribute to UofL achieving its mission as a premier metropolitan research university.

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