Home > News > Foundation paid executives $8 million in deferred compensation last fiscal year
By Kyeland Jackson —
Between July 2016 and now, the U of L Foundation paid executives more than $8 million in deferred compensation.
The ULF Accounting Supervisor Justin Ruhl detailed the payouts during July 14’s finance committee meeting. Ruhl said those payments marked as a liability, draining funds from the the ULF’s $800 million funds.
“The other liabilities in their (finance committee’s) ballot sheet includes executive deferred compensation, so our liability decreased from payouts in fiscal year 2017 by approximately $8 million – a little over $8 million,” Ruhl said.