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SAN FRANCISCO (AP) _ A state investigation into fundraising practices at California State University, Stanislaus found no violations of law or misuse of funds at its charitable foundation.
Attorney General Jerry Brown said Friday that the CSU Stanislaus Foundation exercised inadequate oversight of its $20 million in assets and has agreed to improve oversight of its fundraising operations.
CSU Stanislaus officials say they are already working to implement many of the corrective actions required by the attorney general.
Brown agreed to investigate the foundation at the request of state Senator Leland Yee, a Democrat from San Francisco.
His office investigated how the foundation spent its money, as well as the university’s refusal to turn over records related to Sarah Palin’s appearance at a recent fundraiser.