A transfer of power is the order of business in the UL Lafayette Foundation, the primary trustee of University assets, as a new Executive Board begins preparation for their two-year leadership appointments. According to Julie Bolton Falgout, UL Foundation Executive Director, Barry Berthelot has been named the UL Lafayette 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.

Berthelot, the former President and CEO of JP Morgan Chase Bank Lafayette says 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 has actively served on the Board of Trustees as Audit and Finance Chairman. Berthelot is a UL 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’s Centennial Campaign Fund Drive. Fenstermaker is a graduate of UL 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 with a degree in Pre-Med and is a practicing physician as a retinal specialist in Lafayette.

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 Lafayette 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 Lafayette. 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 emphasizes the fact the Foundations success would not be possible without the continued support of our University donors and Board of Trustee volunteers who have engaged themselves in the perpetual care of this great institution.