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        <BusinessName>
          <BusinessNameLine1Txt>Prof Carmine Esposito</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Ralph Fitzpatrick</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Jonathan Fuller</BusinessNameLine1Txt>
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        <TitleTxt>Director From 5/16/18</TitleTxt>
        <AverageHoursPerWeekRt>0.5</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>9.5</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Dr Joseph Han</BusinessNameLine1Txt>
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        <TitleTxt>Director from 1/24/18</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Dawn Heinecken PhD</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Dennis P Heishman</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Dr Mary Hums</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>A Keith Inman</BusinessNameLine1Txt>
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        <TitleTxt>Director to 7/31/17</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Steve Jones</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Mariana Juarez</BusinessNameLine1Txt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Dr Kimberly Kempf-Leonard</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Sarah E Love</BusinessNameLine1Txt>
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        <TitleTxt>Director to 4/30/18</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Thomas Meeker</BusinessNameLine1Txt>
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        <TitleTxt>Director from 9/1/17</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Timothy O'Hern</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Sam Rechter</BusinessNameLine1Txt>
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        <TitleTxt>Diector</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>James M Rogers</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0.5</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Prof Shelley M Santry</BusinessNameLine1Txt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prof Lars S Smith</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>William A Stone</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Jessica R Stumbo MD</BusinessNameLine1Txt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prof Gerald H Tolson</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Prof Michael Voor</BusinessNameLine1Txt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prof Elaine O Wise</BusinessNameLine1Txt>
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        <TitleTxt>Director</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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        <BusinessName>
          <BusinessNameLine1Txt>Thomas M Jurich</BusinessNameLine1Txt>
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        <TitleTxt>Athletic Director to 10/20/17</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Vincent J Tyra</BusinessNameLine1Txt>
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        <TitleTxt>Athletic Director from 10/3/17</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Leslie C Strohm</BusinessNameLine1Txt>
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        <TitleTxt>Legal Counsel to 5/25/18</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Kyle J Beamer</BusinessNameLine1Txt>
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        <TitleTxt>Assistant Secretary</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>49.5</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Ronald Kevin Miller</BusinessNameLine1Txt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Richard Pitino</BusinessNameLine1Txt>
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        <TitleTxt>Men's Basketball Coach to 11/1/17</TitleTxt>
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        <BusinessName>
          <BusinessNameLine1Txt>Robert P Petrino</BusinessNameLine1Txt>
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        <TitleTxt>Men's Football Coach</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Daniel S McDonnell</BusinessNameLine1Txt>
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        <TitleTxt>Men's Baseball Coach</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0</AverageHoursPerWeekRltdOrgRt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Jeff Walz</BusinessNameLine1Txt>
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        <TitleTxt>Women's Basketball Coach</TitleTxt>
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        <ReportableCompFromOrgAmt>1209791</ReportableCompFromOrgAmt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Peter A Sirmon</BusinessNameLine1Txt>
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        <TitleTxt>Asst. Football Coach to 1/19/18</TitleTxt>
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        <OtherCompensationAmt>43348</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Dr James R Ramsey</BusinessNameLine1Txt>
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        <TitleTxt>Former President and Chair</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Neville G Pinto PhD</BusinessNameLine1Txt>
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      <Form990PartVIISectionAGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prof Enid Trucios-Haynes</BusinessNameLine1Txt>
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        <TitleTxt>Former Vice Chair</TitleTxt>
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      <Form990PartVIISectionAGrp>
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        <ContributionControllerInd>false</ContributionControllerInd>
        <ContributionFamilyInd>false</ContributionFamilyInd>
        <Contribution35ControlledInd>false</Contribution35ControlledInd>
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          <BusinessNameLine1Txt>Peter A Sirmon</BusinessNameLine1Txt>
        </BusinessName>
        <TitleTxt>Asst. Football Coach to 1/19/18</TitleTxt>
        <BaseCompensationFilingOrgAmt>911112</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>9375</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>27000</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>16348</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>963835</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a First-class or charter travel</FormAndLineReferenceDesc>
        <ExplanationTxt>Both the men's football and men's basketball teams travel to away competitions on charter planes. Charter service is submitted for competitive bids for both teams to obtain the price/service. This process is per industry standard for the majority of Division 1 schools. Per the organization's policies, first class airfare cannot be expensed back to the organization.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Travel for companions</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization obtains approval from the President's Office for all travel of athletic staff family members to special events such as post-season competitions, holiday tournaments, and other events where spouses are expected to attend for bona fide business purposes. Expenses are covered from unrestricted monies and not part of the Athletic Association's operating budget.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Tax indemnification and gross-up payments</FormAndLineReferenceDesc>
        <ExplanationTxt>Thomas Jurich - $226,787 tax gross ups on additional insurance premiums and deferred compensation benefits per employment contract.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Health or social club dues or initiation fees</FormAndLineReferenceDesc>
        <ExplanationTxt>The organization is authorized to provide country club memberships for the athletic director and some of its coaching staff as part of their respective employment contracts. These benefits are taxed accordingly based on personal vs. business usage. Monthly dues are paid directly by the organization and employees are reimbursed for any business related expenses under the organization's accountable plan on a monthly basis.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Personal services</FormAndLineReferenceDesc>
        <ExplanationTxt>Financial planning services were allowed for the Director of Athletics and were capped at a set amount per calendar year. The expenses are paid by the organization and the employee is taxed on the amount of the services provided each year.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 4a Severance or change-of-control payment</FormAndLineReferenceDesc>
        <ExplanationTxt>Keith Inman - $376,800 administrative payout from University of Louisville upon severance as per employment contract. James Ramsey - $180,141 net final settlement installments from 2016 separation agreement from University of Louisville.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan</FormAndLineReferenceDesc>
        <ExplanationTxt>Jeffrey Walz - $615,450 deferred retention bonuses accrued on Section 457(f) nonqualified deferred compensation arrangements per employment contract. Daniel McDonnell - $64,488 deferred retention bonuses accrued on Section 457(f) nonqualified deferred compensation arrangements per employment contract. $150,000 of such bonuses vested and paid during 2017. Richard Pitino - $973,309 deferred retention bonuses accrued on Section 457(f) nonqualified deferred compensation arrangements per employment contract. $750,000 of such bonuses vested and paid during 2017. Thomas Jurich - $97,223 reportable deferred retention bonuses accrued during 2017 on Section 457(f) nonqualified deferred compensation arrangements per employment contract. Other contributions to Section 457(f) deferred compensation plans totaling $235,000 vested and were paid by the organization during 2017 as per the employment contract.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>University of Louisville</BusinessNameLine1Txt>
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        <BondIssuerEIN>611014882</BondIssuerEIN>
        <CUSIPNum>914391R41</CUSIPNum>
        <BondIssuedDt>2016-12-27</BondIssuedDt>
        <IssuePriceAmt>81099955</IssuePriceAmt>
        <PurposeDesc>Retire 2008 Bonds for finance of football stadium expansion</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
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        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>3980000</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>81691284</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>0</CapitalizedInterestAmt>
        <RefundingEscrowAmt>30980902</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>511804</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>42164443</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>0</OtherSpentProceedsAmt>
        <UnspentAmt>8034135</UnspentAmt>
        <SubstantialCompletionYr>2018</SubstantialCompletionYr>
        <CurrentRefundingInd>false</CurrentRefundingInd>
        <AdvanceRefundingInd>true</AdvanceRefundingInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <PrivateBusUseByOthersPct>0.081</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.0</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.081</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>true</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>true</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <RegulatorySafeHarborStsfdInd>false</RegulatorySafeHarborStsfdInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule K, Part II, Line 3 Total Proceeds of Issue</FormAndLineReferenceDesc>
        <ExplanationTxt>TOTAL PROCEEDS OF $81,691,284 LESS INTEREST EARNINGS OF $591,329 RECONCILES TO THE ISSUE PRICE OF $81,099,955.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule K, Part III, Line 6 Private Business Use</FormAndLineReferenceDesc>
        <ExplanationTxt>Pertains to various naming rights contracts. The average annual yearly private business use percent over the measurement period is 3.9 percent.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule K, Part IV, Line 2c Rebate computation</FormAndLineReferenceDesc>
        <ExplanationTxt>As of the most recent calculation dated June 30, 2018, the bond has negative rebatable arbitrage totaling ($1,819,389).</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
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      <SecuritiesPubliclyTradedGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>7</ContributionCnt>
        <NoncashContributionsRptF990Amt>322146</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </SecuritiesPubliclyTradedGrp>
      <FoodInventoryGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>36930</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </FoodInventoryGrp>
      <Form8283ReceivedCnt>0</Form8283ReceivedCnt>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>true</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule M, Part I Explanations of reporting method for number of contributions</FormAndLineReferenceDesc>
        <ExplanationTxt>Securities - Publicly traded - CONTRIBUTIONS OF MULTIPLE SHARES OF STOCK Food inventory - Catering/food</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="17005876" softwareVersionNum="2017v2.2">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 18 TAX RETURN DISCLOSURE</FormAndLineReferenceDesc>
        <ExplanationTxt>COPIES OF THE ORGANIZATION'S MOST RECENT FORMS 990 AND 990-T ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15b OTHER EMPLOYEE COMPENSATION DETERMINATION PROCESS</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND OTHER KEY EMPLOYEES INVOLVED ALL OF THE FOLLOWING ELEMENTS: - DATA GATHERING AND ANALYSIS OF COMPENSATION AT COMPARABLY SIZED ORGANIZATIONS ALONG WITH BENCHMARKING AGAINST OTHER QUALIFIED OFFICIALS IN SIMILARLY SITUATED POSITIONS; - REVIEW AND APPROVAL BY THE ORGANIZATION'S ATHLETIC DIRECTOR AND EXECUTIVE SENIOR ASSOCIATE ATHLETIC DIRECTOR; AND - CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION DETERMINATION PROCESS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS SINCE THE ORGANIZATION HAS NO SUCH COMMITTEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b Review of form 990 by governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>University of Louisville finance personnel and an outside firm prepared the return and a copy of the return was provided to all board members for review prior to filing.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c Conflict of interest policy</FormAndLineReferenceDesc>
        <ExplanationTxt>If an item is presented to the Board of Directors (or any other policy board) for action, e.g., purchase of property, merging with another entity, buying services, etc., the Board member will disclose his or her possible conflict of interest and must recuse himself or herself from voting. The Board member also avoids participating in any decision or advocating for any decision of the Board. In some circumstances, e.g., when the conflict of the Board member places the Board member in competition with the University, the Board member will leave the board meeting during discussion or update on the action. Before any meeting of the various boards, an agenda is circulated to each member or director with descriptions of the action items. This allows sufficient time for any board member or director to alert the board about a potential conflict of interest. Past practice includes written disclosure by the board member outlining: (1) that a conflict of interest may exist; (2) the nature and extent of the conflict; and (3) the description and potential benefit, direct or indirect, to the member of the board. This information will be supplied to legal counsel and the entire board ahead of the meeting, and a copy of the information will be maintained in the board member's file.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15a Process to establish compensation of top management official</FormAndLineReferenceDesc>
        <ExplanationTxt>The process for determining compensation of the organization's Athletic Director involved all of the following elements: - Data gathering and analysis of compensation at comparably sized organizations along with benchmarking against other qualified officials in similarly situated positions; - Review and approval by an independent Personnel Committee; - Review and approval by the independent Board of Directors of the organization pursuant to feedback from the Personnel Committee; and - Contemporaneous documentation of the compensation determination process by the Personnel Committee and the Board of Directors in each body's respective minutes.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19 Required documents available to the public</FormAndLineReferenceDesc>
        <ExplanationTxt>Copies of the organization's financial statements, articles of incorporation, and conflict of interest policy are available at www.louisville.edu or upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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          <BusinessNameLine1Txt>UNIVERSITY OF LOUISVILLE</BusinessNameLine1Txt>
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          <AddressLine1Txt>UNIVERSITY OF LOUISVILLE</AddressLine1Txt>
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          <ZIPCd>40292</ZIPCd>
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          <BusinessNameLine1Txt>UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION INC</BusinessNameLine1Txt>
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          <AddressLine1Txt>UNIVERSITY OF LOUISVILLE</AddressLine1Txt>
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        <LegalDomicileStateCd>KY</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(3)</ExemptCodeSectionTxt>
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      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL PRACTICE ASSOC</BusinessNameLine1Txt>
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          <AddressLine1Txt>550 SOUTH JACKSON STREET</AddressLine1Txt>
          <CityNm>LOUISVILLE</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>40202</ZIPCd>
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        <PrimaryActivitiesTxt>MEDICAL CARE</PrimaryActivitiesTxt>
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          <BusinessNameLine1Txt>UNIVERSITY PHYSICIANS GROUP INC</BusinessNameLine1Txt>
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          <AddressLine1Txt>323 EAST CHESTNUT STREET</AddressLine1Txt>
          <CityNm>LOUISVILLE</CityNm>
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