UL Fundraising Healthy

(Kentucky)  The sluggish economy hasn't slowed fundraising at the University of Louisville. The university said Friday that it raised nearly $141 million in private funds in the year ending June 30, a record amount for a single year at the school.

It's the fourth straight year that UofL has bested its previous year's fundraising total.

UofL President James Ramsey says some 29,000 donors gave or pledged a total of $140.7 million.  The money will be used to create student scholarships, recruit and retain faculty, boost teaching and research and support academic units and libraries. Ramsey says the fundraising success has helped counter the effects of a sluggish economy and declining state funding.