UL Foundation IRS scrutiny; tax-exempt status at risk

[Smashcat]

Here's what the U of L Foundation routinely put on its annual IRS forms about its compensation of former officers like Jim Ramsey http://www.wdrb.com/story/37042824/university-of-louisville-foundations-tax-exemption-could-be-at-risk-director-testifies…

 

[ganner918]

Seriously, people need to be in prison.

 

[YouKay]

Lying to the IRS is never a good idea. Neither is looting a nonprofit organization and making it your personal piggy bank.

Gonna be a lot of people prosecuted over this before it is all said and done.

 

[ganner918]

Lying to the IRS is never a good idea. Neither is looting a nonprofit organization and making it your personal piggy bank.

Gonna be a lot of people prosecuted over this before it is all said and done.

You'd hope so but I'm afraid Ramsey is just going to retire with his fortune and get away with it.

 

[ZenCatFan73]

 

[YouKay]

You'd hope so but I'm afraid Ramsey is just going to retire with his fortune and get away with it.

The IRS could order the Foundation to claw back some of his compensation.