The University of Connecticut Foundation, which has raised hundreds of millions of dollars from private donors, should be considered a public agency under the state’s Freedom of Information Act, advocates argued at a legislative hearing, according to the Hartford Courant.
The Courant story reports on a bill in the state house that would make the UConn Foundation subject to the same disclosure requirements as regular government agencies and require that its books be inspected by Connecticut’s Auditors of Public Accounts.
Like all private foundations, the UConn Foundation is exempt from the FOI Act, although, as a 501(c)(3), it files a Form 990 with the Internal Revenue Service, which is essentially a tax return that contains only general information about revenues and expenditures. Continue>>>
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