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January 13, 2015

Lawmakers Consider Greater Disclosure for UConn Foundation

Connecticut legislators will consider proposals this session to require greater financial disclosure by the nonprofit fundraising arm of the state's flagship public university, reports the Journal Inquirer of north-central Connecticut. Some lawmakers have criticized University of Connecticut Foundation spending, including a $251,000 speaking fee for Hillary Clinton and an increase from $145,000 to $300,000 in the foundation-paid portion of university President Susan Herbst's salary.

Current state law exempts the foundation from Connecticut's Freedom of Information Act. Foundation spokesman Derek Slap said the organization, which discloses its annual audit on its website, is already sufficiently transparent and that changes could deter giving. "It’s imperative that donors have confidence that their personal information will remain private and that the foundation does not become a de facto state agency," he said.