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.