Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

June 2012
27 28 29 30 31 01 02

Click here to submit an event.

University of Louisville receives $10 million gift


LOUISVILLE - The University of Louisville landed one of its largest gifts in school history on Thursday, a $10 million donation. The generous gift came from a prominent local businessman who attached no conditions on how the money is used.

The gift from J.D. Nichols, chairman of the local real estate development firm NTS Corp., continued the school's fundraising momentum.

The University of Louisville announced in April that it had surpassed its $1 billion goal for a fundraising campaign, now winding down, that began in 2007. The capital campaign is aimed at boosting student scholarships, faculty support and research.

Nichols' donation is undesignated, meaning it can be used at the discretion of UofL President James Ramsey.

"I trust Jim," Nichols said in explaining his reason for not attaching any strings. "He knows where it needs to go and I don't."

Nichols is a 1964 graduate of UofL's law school and a former member of the school's board of trustees.

His donation ranks as the 11th-largest in UofL history and the second-largest unrestricted gift, the school said.

It will be paid over three to five years, it said.

"Education is the key to the continued growth and success of our community," Nichols said.

"For some time, I've wanted to do something that would impact UofL students, faculty and this community."

Ramsey said no decision has been made on where the money will go.

The gift will be used to entice more giving to benefit research and teaching, he said.

"It won't be focused on one academic department or another academic department, but how we - through our teaching and research and community outreach - can really address community issues," Ramsey said.

The donation was announced at The Nucleus, the UofL Foundation's new office building.

The Nucleus is the first new building as part of a developing complex for entrepreneurs, researchers and businesses.

UofL said Thursday that the downtown complex will be named the J.D. Nichols Campus for Innovation and Entrepreneurship.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha ea9a65ac032d4a83aeb1666e922616ad
Top Classifieds
  • RUNNING, fixable, junk vehicles, equi ... Details
  • Cash for farms & gold (270)339-8 ... Details
  • ONLINE Real Estate Auction 435 ... Details
  • 52" Pioneer Projection TV $15 ... Details
  • Seasoned Firewood. 243-5815 Details
  • PILLOW TOPmattress sets NEW in plasti ... Details
  • Deutz-Fahr Cab Loader 4X4, Clean, 270 ... Details
  • BRK Colonial 4500SF 9 rm, 4br, 5 ba, ... Details
  • 2003 16X80 Clayton Mobile Home, 3 BR ... Details
  • FAIRHURST BLDG.295 sq. ft. office1900 ... Details
  • OPEN HOUSE SUNDAY 2-4126 Mimosa Paduc ... Details
  • Open House Sunday 1-3pm 5525 KY ... Details
  • SEEING is believing! Don't buy p ... Details
  • Sale by Owner65 Acres inLivingston Co ... Details
  • FHA, USDA, VA & Conventional Loan ... Details
  • 2005 HD HERITAGE DELUXE CLASSIC , Ne ... Details
  • 2000 YAMAHA 65 V-Star 34k $1800 ( ... Details
  • Harley Davidson 1994 Softtail Spring ... Details
  • 2002 Hyundai Santa Fe, $3,800.270-705 ... Details
  • 2001 Corvette Convertible, Heads Up D ... Details
  • 02 HD Softail Duece,82k,$6,500 (270) ... Details
  • SHARPE 2006 MONTE CARLO LT. Sunroof, ... Details
  • 1971 Honda Trail 70, call after 5pm 2 ... Details
This Week In Photos
Most Popular
  1. Warmer weather ahead for Paducah
  2. School employees challenge union fees
  3. Trump gives support to 2nd Amendment following shooting
  1. Coke pays to twist the truth
  2. Couple bringing passion to Smedley-Yeiser revival
  3. Driver hurt, charged in Fulton collision
  1. Couple bringing passion to Smedley-Yeiser revival
  2. Williams' widow, kids settle estate fight
  3. Warmer weather ahead for Paducah

Check out these recently discussed stories and voice your opinion...