Rocky Mountain News: Local: "State auditor will review records on athletics spending
By Joanne Kelley, Rocky Mountain News
November 27, 2004
The University of Colorado Foundation maintains that it keeps close tabs on the millions of dollars that flow in and out of its vast coffers, but the details are mostly kept private, raising questions about who benefits from all the secrecy.
Charity watchdogs say the setup at most university foundations is ripe for abuse, while attorneys and accountants insist that it's all perfectly legal."
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