A new executive board was appointed for the UL Lafayete Foundation, the primary trustee of university assets. The appointments are for two years.
Barry Berthelot has been named the UL Â鶹´«Ã½app Foundation’s new president, Bill Fenstermaker the new vice president and Jay Culotta is secretary/treasurer. The new officers have a combined multitude number of years of foundation management experience, according to Julie Bolton-Falgout, the Foundation’s executive director.
Berthelot, the former president and CEO of JP Morgan Chase Bank Â鶹´«Ã½app said he is looking forward to his term as the Foundation Board president and will work to provide strong leadership and guidance during these challenging economic times. He served on the Board of Trustees as audit and finance chairman. Berthelot is a UL Â鶹´«Ã½app graduate in economics.
Newly appointed Vice President Bill Fenstermaker has served on the Board as chairman of the Foundation’s development committee and past co-chairman of the UL Â鶹´«Ã½app’s centennial campaign fund drive. Fenstermaker is a graduate of UL Â鶹´«Ã½app in production management and is chairman and CEO of Fenstermaker and Associates.
A long-time trustee member and university supporter, Jay Culotta has been appointed as secretary/treasurer. Culotta also graduated from UL Â鶹´«Ã½app with a degree in pre-med and is a retinal specialist in Â鶹´«Ã½app.
Outgoing officers John Chappuis and Gerald Dubroc were recognized for their dedication as volunteers to the university and continued commitment to service on the Foundation Board.
The UL Â鶹´«Ã½app Foundation is dedicated to the promotion of educational, social, moral and material welfare of the university through assisting in the acquisition of donations. The Foundation manages the investments and serves as trustees of the endowment funds and other private assets contributed for the benefit of UL Â鶹´«Ã½app. Distribution of the funds is vital to university success as monies are given for qualified scholarship and professorship recipients as well as support of various university factions.
Falgout noted the Foundation’s success would not be possible without the continued support of university donors and Board of Trustee volunteers who have engaged themselves in the “perpetual care of this great institution.â€
For more information about the UL Â鶹´«Ã½app Foundation, visit or call 337-482-0700.