Post by Logan on Jun 20, 2016 3:01:39 GMT -6
JSU foundation spending: Hooter's, hotels and alcohol
According to a 2014 report, a Jackson State University administrator spent about $24,000 on personal expenses using a credit card for JSU’s nonprofit development foundation. Funds donated to the foundation can be designated as restricted for certain purposes, such as scholarships, or unrestricted, which means the JSUDF’s board of directors and JSU President Carolyn Meyers determine how they are spent.
According to its 2014 tax records, JSU’s development foundation had net assets of $25.7 million.
Below are spending highlights from the report, which said JSU employees used foundation funds for personal expenses, didn’t have appropriate documentation for transactions or made transactions that originally lacked request-for-expenditure forms. Unless otherwise noted, those named did not return requests for comment.
Read more: www.clarionledger.com/story/news/2016/06/18/jsu-foundation-spending-hooters-hotels-and-alcohol/86041774/
According to a 2014 report, a Jackson State University administrator spent about $24,000 on personal expenses using a credit card for JSU’s nonprofit development foundation. Funds donated to the foundation can be designated as restricted for certain purposes, such as scholarships, or unrestricted, which means the JSUDF’s board of directors and JSU President Carolyn Meyers determine how they are spent.
According to its 2014 tax records, JSU’s development foundation had net assets of $25.7 million.
Below are spending highlights from the report, which said JSU employees used foundation funds for personal expenses, didn’t have appropriate documentation for transactions or made transactions that originally lacked request-for-expenditure forms. Unless otherwise noted, those named did not return requests for comment.
Read more: www.clarionledger.com/story/news/2016/06/18/jsu-foundation-spending-hooters-hotels-and-alcohol/86041774/