Contract Extended For UofL President

{Kentucky}...The University of Louisville trustees have extended President James R. Ramsey's contract through 2020. Compensation issues are to be worked out later by the board and the UofL Foundation, which pays part of Ramsey's salary. Ramsey is currently paid $478,939 annually after accepting a 5 percent raise in July. His contract had been set to expire in June. During Ramsey's tenure, the university has improved its six-year graduation rate from 33 percent to 50.8 percent, annual research expenditures from $80.9 million to $198.4 million and the university's endowment from $478.9 million to $783.2 million. Trustee Marie Abrams, who represents alumni, says Ramsey understands Kentucky's postsecondary education reform law of 1997 better than anybody with the possible exception of former Governor Paul Patton, who signed it.