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CHARITY REVIEW
Issued: August 2025 Expires: August 2027

Spalding University

Accredited Charity
Accredited Charity

Meets Standards
(502) 585-9911
845 S. 3rd. St.
Louisville , KY, 40203
https://spalding.edu/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Spalding University meets the 20 Standards for Charity Accountability.

Stated Purpose:
Spalding University is a diverse community of learners dedicated to meeting the needs of the times in the tradition of the Sisters of Charity of Nazareth through quality undergraduate and graduate liberal and professional studies, grounded in spiritual values, with emphasis on service and the promotion of peace and justice.

Year, State Incorporated:
1973, KY

Spalding University is a co-educational private non-profit institution located in downtown Louisville, Kentucky. With a special focus on health professions, Spalding offers over 40 graduate and undergraduate professional and liberal studies degree programs and has an enrollment of over 1,900 students. Since 1814 Spalding has been serving its students and the Louisville community in the tradition of its founders, the Sisters of Charity of Nazareth, with an active spirit of service and compassion. Spalding is recognized as the first "Compassionate University" by Compassion Action Network International and is designated by Carnegie Classifications as an “Opportunity Colleges and Universities” institution. Spalding’s outstanding faculty includes Kathleen Driskell, Kentucky’s 2025-2026 Poet Laureate. Spalding University is celebrated for a rigorous yet nurturing environment, emulated for its interdisciplinary collaborations, and acclaimed for its contributions to the community.

For the year ended June 30, 2024, Spalding University's program expenses were:

Program services $28,770,800
Total Program Expenses $28,770,800

Chief Executive
Anne Kenworthy, President

Chair of the Board
Ms. Kellie R. Sheryak

Chair's Profession / Business Affiliation
Managing Director, UBS Financial Services

Board Size
23

Paid Staff Size
706

Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals, Appeals via Social Media (Facebook, etc.), Solicitations for Used Clothing

% of Related Contributions on Fundraising: 24.89%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Spalding University's audited financial statements for the year ended June 30, 2024.

Source of Funds
Tuition and fees, net $24,731,019
Gain on sale of assets $4,308,921
Sponsored programs $2,674,120
Auxiliary enterprises $2,270,441
Contributions $1,202,177
Other $917,369
Net investment income $700,494
Bequests and perpetual trusts $53,373
Total Income $36,857,914

Programs: 78% Fundraising: 1% Administrative: 21%

Total Income $36,857,914
Total expenses: $36,967,186
  Program expenses $28,770,800
  Fundraising expenses $312,526
  Administrative expenses $7,883,860
  Other expenses $0
Income in Excess of Expenses $-109,272
Beginning Net Assets $72,056,116
Other Changes In Net Assets $2,723,372
Ending Net Assets $74,670,216
Total Liabilities $10,790,124
Total Assets $85,460,340
Ending net assets as reported above include $42,286,934 without donor restrictions and $32,383,282 with donor restrictions.

Total assets as reported include $44,072,902 in property, plant, and equipment, net.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB serving Greater Kentucky and South Central Indiana