Trustees review goals, praise President Ramsey
The University of Louisville Board of Trustees met July 8-9 at Fort Knox for a two-day retreat that included a review of university goals and President James Ramsey's performance.
Ramsey reported that 35 of 36 goals for the 2009-2010 academic year were achieved. The only goal that fell short was a plan to boost the percentage of alumni who donate to the university. While the alumni giving percentage was not reached, overall donations to the university reached $108 million for the academic year – a record for UofL.
Other accomplishments from the past year include:
- Increasing the number of baccalaureate degrees awarded to an estimated 2,536 and the number of doctoral degrees awarded to 162
- Boosting the number of students studying or conducting research outside of the U.S. to 523 and the number of transfer students to 1,559
- Continuing to improve the six-year baccalaureate graduation rate by increasing it to 48.4 percent
"It was a very good year," Ramsey said. "We stayed focused on the end game, continued improvement and the 2020 plan."
Salem George, chair of the board's compensation committee, said the report on goals achieved was "excellent" and that Ramsey had earned the 25 percent of his total salary bonus that is part of his compensation package.
Ramsey decided to decline the bonus in light of the financial pressures the university is facing. This is the third consecutive year Ramsey declined his bonus.
The bonus would have been $114,033. Ramsey's total annual salary from the university and the University of Louisville Foundation is 456,131.
"We appreciate the president's decision to decline the bonus" due to financial concerns, said board chairman Owsley Brown Frazier.
In a summary report of the president's evaluation, the board praised Ramsey for his leadership and "tenacious grit." The board also acknowledged his effectiveness despite some difficult issues including budget cuts, major damage to the campus due to flooding and the challenge of rebuilding the neurosurgery residency program.