Those of us enthralled with the unparalleled growth at the University of Louisville campus over the past decade never want James Ramsey to retire. The accomplishments during his UofL presidency have been extraordinary, and they just keep coming.
In the past academic year alone, the University has entered the Atlantic Coast Conference, completed the construction of a $37 million student recreation center, and successfully completed a $1 billion fundraising campaign, among other breakthroughs.
Since he took the post in 2002, UofL has boosted its graduation rate by more than 60 percent, admitted freshmen classes that are more academically gifted each year, recognized more Fulbright scholars than any other state school, and doubled the number of students living on campus.
On Friday, the UofL Foundation voted unanimously to increase Ramsey’s salary by four percent of his Foundation salary and two percent of his University salary. His annual salary as of June 30, 2014, was $624,000 and included $342,930 in university funds plus $281,070 from the privately-funded Foundation.
Hopefully he keeps some of that money for himself this time around. In the past, Ramsey has given nearly $1 million back to the university in the form of outright donations and by giving up bonuses and pay raises. If he were in the private sector heading a similar-sized corporation with such accomplishments, Ramsey would be making five or six times his annual salary at UofL.
Here’s an update from Dr. Ramsey on some recent milestones: