Wednesday, November 04, 2009
Editorial: Higher-Education Foundations Should be Transparent
The Modesto Bee's publisher and president says the funding practices of higher-education foundations should be more transparent. The non-profit foundations are typically controlled by campus presidents and board members and are funded by donors, and they are not subject to the California Public Records Act.
Governor Arnold Schwarzenegger could have increased transparency of these higher-education foundations by enacting Senate Bill 218, but he vetoed it instead.
Click here for more about how a loan from the Sonoma State University Academic Foundation to one of its board members will cost the school at least $250,000 and could mean reduced student scholarships and campus events for the 2010-11 school year.