Wednesday, August 25, 2010

L.A. Times: "Cal State May Be Mixing Public and Private Funds in Nonprofit Foundations"

Public colleges and universities have long used affiliated charities to raise funds from alums, provide auxiliary services such as students housing, develop technology, and engage in other activities that might have negative ramifications - such as reduced state subsidies - if done directly by the public institutions.  The L.A. Times reports, however, that the California Faculty Association, a union for California State University system faculty and certain staff, is accusing California State University officials of going to far in the use of such affiliates when they allegedly deposited public funds with such organizations even though such entities are exempt from California's open record laws.  CFA's full report is available on its website.

LHM

http://lawprofessors.typepad.com/nonprofit/2010/08/la-times-cal-state-may-be-mixing-public-and-private-funds-in-nonprofit-foundations.html

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