HARTFORD, Conn. – The University of Connecticut Foundation and its supporters appear to have successfully dodged another round of bills to require more financial transparency from the school’s nonprofit fundraising arm that yielded $81.1 million in 2014.
Two similar bills were never brought to vote in the Higher Education and Employment Advancement Committee and the Government Administration and Elections Committee. The measures would have subjected higher education foundations — not just the University of Connecticut Foundation — to the state’s Freedom of Information Act and to financial audits by the Auditors of Public Accounts. Both bills had provisions to maintain donor anonymity.
During Monday’s meeting of the GAE Committee — its last before the deadline to report bills out of committee — state Sen. Michael McLachlan, R-Danbury, made a failed attempt to get the proposal added to the agenda.
See the complete story at CT News Junkie.
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