KU Endowment, at 1891 Constant Ave., is shown in this Journal-World file photo from Nov. 23, 2016.
Like the University of Kansas, KU Endowment adopted cost-saving measures this fiscal year because of financial uncertainty related to the COVID-19 pandemic.
Michelle Strickland, spokesperson for the nonprofit organization, said in an email to the Journal-World that these measures include a 10% operating budget reduction for the current fiscal year, the implementation of a hiring freeze and no salary increases this fiscal year.
Strickland said three employees who serve in officer roles took a 10% reduction in their salaries for six months. Six employees accepted voluntary retirement offers. Additionally, KU Endowment’s offices were closed for 10 days in 2020 — six Fridays in the summer and Dec. 28 through Dec. 31. Employees who had paid-time-off hours available could use them on those days, Strickland said.