Brown calls for better management of CSU Stanisław Foundation

SAN FRANCISCO-fundraising terminating the investigation concerning the practices California State University at Stanislaw at, Attorney General Edmund g. Brown Jr. announced today that CSU Stanislaw August, with supporting evidence, by the foundation of the money it raises and spends in order to guarantee better control of the school.

"We have examined the charitable foundation gave money to appropriate treatment, but it is not an infringement of the legislation was found," Brown said. "However, the Administrative Board of the Foundation has approved changes to improve the monitoring of its funds. "

Brown's Charitable trust in part stated that the Foundation shall exercise inadequate supervision of the 20 million dollar property, but the funds are used correctly and not violations of the laws of the State of

In April, San Francisco, Senator Leland Yee, at the request of the State agreed to examine, inter alia, Brown, whether it was for the benefit of its money on the campus of expenditure, as it promises to its donors, University and the public.Brown also examined the CSU Stanislaw refusal on Sarah Palin University fundraising event log Rotate.

Later Californians Aware, a non-profit watchdog group filed a civil lawsuit to compel disclosure of the University and the Foundation against and Brown suspend his investigation until trial.

Brown's audit has shown sufficient Foundation accounting system, it could not fully understand their duties and responsibilities of law concepts charitable trust and is not implemented its own auditor's recommendation to establish the budget of all fundraising events in recent times., the Foundation is working to correct these independent auditor with his or her term of Office.

The foundation Board approved:

-Participate in the training of managers and directors of charitable organisations for the charitable organisations of the boards of appeal of the fiduciary duties.
-Having regard to the report immediately all the recommendations made by the independent auditor.
-Shall ensure that its connections to all fundraisers outside of California, under the law.
-The need to ensure that it is the temperature of all tax and corporate governance policies.

Attorney General Charitable trust of some of the monitors charities, make sure that they comply with the law, the articles of Association and their accessories. the Attorney General shall have the right to bring legal actions against the charitable assets under the supervision of their use or do not otherwise comply with the law.

CSU Stanislaw, the closing of the letter.

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