Trager Family, Republic Bank Foundation Gift to Enhance Optimal Aging Institute at UofL

LOUISVILLE, Kentucky, Oct. 4 -- The University of Louisville issued the following news release:

The Republic Bank Foundation and the Trager family have pledged substantial funding to continue and expand the work of the University of Louisville's world-class institute that promotes research and innovation in the field of optimal aging.

UofL President Neeli Bendapudi announced the gift at her inauguration as the university's 18th president.

The donation will enhance UofL's Institute for Sustainable Health and Optimal Aging, which connects providers in the aging services community to resources for older adults, caregivers, businesses, service providers and researchers. The institute will be renamed the Trager Family Institute for Optimal Aging. Additionally, the gift will create the Republic Bank Foundation Optimal Aging Clinic, which will apply the research conducted and offer hands-on services to its clients.

"The Trager Family Institute for Optimal Aging will bolster our current efforts and launch new initiatives in research, treatment and programming that will improve the quality of life for our older citizens," Bendapudi said. "Louisville is a hub for aging-care businesses, insurance companies and health care organizations. Our goal is to create partnerships that will leverage this expertise to improve the lives of people in the commonwealth and throughout the world."

The Trager Family Foundation and Republic Bank Foundation will contribute equally to the Trager Family Institute for Optimal Aging. Bendapudi called the contributions "generous and significant."

"As both a family and organization, our roots with the University of Louisville run deep. So, at the beginning of this new chapter for the university, with much optimism for the city, the university, and President Bendapudi, we felt that it was important to show our support," said Steve Trager, chairman and CEO of Republic Bank. "Considering the importance of the elder-care industry to Louisville's economic development, we are proud to partner with the University of Louisville to introduce the Trager Family Institute for Optimal Aging.

"It is our hope that this gift will help develop a world-class conduit that elder-care companies can partner with in research, innovation and career development," Trager added. "Additionally, local citizens will become beneficiaries of the Institute's efforts through the newly established Republic Bank Foundation Clinic. On behalf of the entire Trager family and the Republic Bank Foundation, we are excited to be able to support one of President Bendapudi's and the University of Louisville's core focuses, aging and elder-care."