TURLOCK -- Signing a contract to bring Sarah Palin to town thrust the California State University, Stanislaus Foundation into the spotlight last month.
But the foundation, established in 1960, has been working for years to bring money to the university.
With the economy in turmoil and the state slashing spending, that money has never been more important. It's also never been more scrutinized -- lawmakers and lobbyists want foundation records made public.
University officials maintain that the foundation is a private entity and that opening financial records will discourage donations from people who prefer to remain anonymous.
"There is more need than there is money," said foundation President Matt Swanson. "Especially with big gifts, what we need to be able to preserve is the ability to protect the donor's anonymity. That's our biggest fear."
Read the complete story at modbee.com
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