State University of New York
Oversight of Campus-Related Foundations (Follow-Up Report) SUNY campuses contract with campus-related, not-for-profit foundations to accomplish fundraising which supports the educational, research and public service missions of the campuses. SUNY System Administration oversees all SUNY operations, including the foundations. In audit 2006-S-96, we examined this oversight and found that it needed to be improved to be sufficient to ensure that the foundations conducted their activities exclusively for the benefit of the campuses and in accordance with SUNY and campus policies. For example, we determined that the investment and expenditure policies of several foundations did not fully comply with SUNY requirements. When we followed up on these matters with SUNY officials, we found that they had generally implemented our audit recommendations.
For a complete copy of Report 2009-F-33 click here.
For a copy of the 90-day response click here.