The Center for Investigative Reporting’s analysis of the University of California’s endowment performance focused on the 10 U.S. universities with the largest endowments, based on data compiled by the National Association of College and University Business Officers.
Better performance from fiscal 2004 through 2013 would have meant tens of millions of dollars a year to spend during a decade when the state’s premier public university system saw massive cuts in state funding.
Some of the poorest, oldest and most vulnerable people in the Bay Area live in Richmond public housing, where vermin and crime are known problems. But residents say their pleas for help are going ignored.
Fifteen little-known U.S. charities reported sending $40 million worth of medical supplies to Guatemala in 2010. But no one – including the charities and its biggest recipient – was willing to be specific about where the medical supplies went or exactly who benefited.
California’s Department of Health Care Services pledged a multitude of changes after an internal audit identified weak rules, dysfunctional bureaucracy and ineffectual monitoring that left the publicly funded rehab program for the poor open to fraud and put patients at risk.