Connecticut’s House and Senate passed legislation Tuesday aimed at increasing financial transparency at the flagship state university’s nonprofit fundraising arm, sending the measure to Gov. Dannel Malloy’s desk, says the Hartford Courant. The bill, approved by wide margins in both chambers, would require the UConn Foundation to provide the state with a broad breakdown of its spending in certain categories but does not mandate donor disclosure.
The measure is a compromise that follows lawmakers’ rejection in past years of calls by open-government advocates to make foundation financial data subject to the state’s Freedom of Information Act. The nonprofit said such a move would violate donors’ privacy and deter giving. The new measure "meets the needs and goals of the foundation as well as the desire to have transparency," said Rep. Whit Betts, the ranking Republican on the House higher-education committee.