The University of Louisiana Foundation announced the election of Bill Fenstermaker as the 20th president of the UL Foundation Board of Trustees. Frank Jay Culotta has been named vice president, and Reed Andrus is secretary/treasurer. Fenstermaker succeeds Barry Berthelot and will serve a two-year term.

The three new officers combined have over 30 years of foundation management experience.

Fenstermaker is a graduate of UL in production management and is chairman and CEO of Fenstermaker and Associates. He has served as a trustee member since 1998.

A long-time trustee and university supporter, Jay Culotta graduated from UL with a degree in pre-medicine and is a practicing physician as a retinal specialist in Lafayette.

Reed Andrus, a graduate of UL with a degree in political science, is a commercial real estate developer.

Three new local business leaders have joined the board of trustees: Michael Finch, Dr. Walter Comeaux Jr., and Marc Judice. Longtime board members, Gerald Dubroc and W.W. Rucks III will serve as emeritus members.

“We are grateful to the individuals that donate their time and talent to serve on the board of trustees,” said Julie Falgout, UL Foundation Executive Director. “The men and women who comprise the UL Foundation Board of Trustees are true leaders in the community. Members of the board recognize their fiduciary obligation and with their expertise, we are able to ensure donors gifts and endowments have the strongest impact and greatest financial return.”

The UL 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. 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.


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