CU Foundation releases a decade of financial
records regarding CU Athletics
January 2005

The University of Colorado Foundation has adopted a new, comprehensive public information disclosure policy to clarify its spirit of cooperation and openness. The new policy will give the public and media increased access to information, and will protect competitive business strategies and confidential donor and personnel information.

“Our goal is to ensure the Foundation’s ability to secure and manage its funds for the continued success of the University of Colorado System,” said George A. Sissel, CU Foundation chairman.

The new Public Information Disclosure Policy reflects the Foundation’s commitment to approaching disclosure of information in an open, honest and fair manner. The policy outlines the three general categories of materials, as well as procedures for requesting information.

The three categories are: information the Foundation is obligated to disclose pursuant to state or federal law (e.g. IRS Form 990); information that it voluntarily discloses (e.g. financial documents, investments, etc.); and information that it is constrained from disclosing for specific reasons (e.g. private donor information and personnel records). The entire disclosure policy is available in detail on the Foundation’s web site, www.cufund.org.

The CU Foundation voluntarily released thousands of pages of detailed financial information regarding communications, transactions and transfers to CU for the benefit of the CU Boulder Athletic Department from FY 1994-1995 to FY 2003-2004. These records include details of gift funds and accounts benefiting CU Boulder Athletics and all correspondence between the Foundation and University dealing with financial transactions benefiting Athletics. Private donor information was deleted. The information is available online at www.cufund.org.

The University of Colorado Foundation is a privately governed, non-profit organization whose mission is to support the University of Colorado by raising private funds outside the realm of state funding and by managing assets independently from the University.

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