The 2009 “Toolbox” Report and the Japanese Garden (& Other Issues)

Given the ongoing budget crisis, UCLA formed a task force to look at various revenue-generating options.  The report of the task force is dated April 24, 2009.  Among the possibilities considered was the sale of various properties including the Japanese Garden.  The report indicates that consultations with the state Attorney General were underway well before the 2010 court decision that permitted the sale, even though it was inconsistent with the existing terms of the donation.


The report explores other areas such as faculty pay, fund raising, “branding,” and tuition.  You can read the full report at the link below (scroll towards the bottom of this post.


Below is the Table of Contents.  Below that is the section on the Japanese Garden:

I. Task Force Charge and Process p. 1
II. Principles for Review of Revenue Creation Proposals p. 2
III. Summary of Recommendations p. 4
IV. Major Issues and Recommendations
                    Student Fees p. 6
                    Enrollment of Nonresident Undergraduates p. 14
                    Development of New Academic Programs & Services p. 15
                    Research Funding p. 19
                    Faculty Compensation Plan p. 21
                    Brand Extension Licensing p. 23
                    Fundraising Opportunities p. 25
                    Sale of Underutilized Property p. 27
Appendix A: UCLA Approval Process for Revenue-Generating
Courses and Programs p. 30
Appendix B: Revenue Generating Course and Programs
Administrative Guide p. 34
Appendix C: Guidelines for endowed chairs p. 36
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Task Force Membership:

  • Kathryn Atchison, Vice Provost for Intellectual Property and Industry Relations
  • Hilu Bloch, Associate Dean & CAO, Anderson Graduate School of Management
  • Robin Garrell, Professor and Vice Chair, Academic Senate
  • Janina Montero, Vice Chancellor for Student Affairs
  • Sam Morabito, Administrative Vice Chancellor
  • Steven A. Olsen, Vice Chancellor, Finance, Budget & Capital Programs (chair)
  • No-Hee Park, Dean, School of Dentistry
  • Cathy Sandeen, Dean, University Extension
  • Michael Schill, Dean, School of Law
  • Rhea Turteltaub, Vice Chancellor, External Affairs
  • David Unruh, Assistant Provost, Academic Program Development
  • Kang Wang, Professor, School of Engineering and Applied Science

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Section on Japanese Garden

From pp. 27-28:

The Carter Estate:

The Carter Estate, located at 626 Siena Way, Bel Air, about one mile from campus, is situated on 0.85 acres and includes a two story residence and an adjacent guest house in approximately 7300 gross square feet. The house was vacated by Mrs. Carter in early 2006. The house, which has remained vacant since Mrs. Carter’s departure, is currently being managed by UCLA Asset Management.
In June, 2007, the value of this property was appraised at $9,000,000. The University is free to sell this property (via a competitive public bid process) but the proceeds must fund seven endowments specified by Mr. Carter including endowed chairs in the College, Anderson and the School of Medicine, a maintenance endowment for the Japanese Gardens, the establishment of an art history research center in the College, a student awards fund for Anderson and a discretionary fund for the director of the Jules Stein Eye Institute. In 2006, the estimate of the amount needed to fund the corpus for these endowments was $4.7 million. As such, the net proceeds from the sale of the home would be net of the $4.7 million.

The Japanese Gardens:

The UCLA Hannah Carter Japanese Garden and the UCLA Carter House (described above) were, prior to December 1964 part of a single parcel of approximately 1.94 acres. In 1964 the Gardens portion of the site was separated from the Carter House portion. The 1964 grant deed transferring the property to the Regents was amended in 1982 with the requirement that the University names the garden for Mrs. Carter and retain it in perpetuity. 

Significant research has been completed on the process (via the California Attorney General) required to remove the restriction on the Garden so that the University could then sell the property. We are advised that it would be possible to remove the restriction but the outcome is not certain. And, there would likely be some political ramifications from various groups about the sale of the Gardens as a potential building site.

In 2007, the MAI appraisal indicates a value of $5.7 million if the property can be sold without the deed restriction to maintain it as the Gardens and $3.4 million with the restriction intact.
The combined value of selling both the Carter House and the Gardens (with the restriction on the Gardens in place) was $12.5 million. The value of the combined properties without restrictions was estimated in 2007 at $14.7 million. Of course property values since 2007 have declined, thus an updated appraisal would be required to ascertain the current value of these properties.
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Link to report:

Open publication – Free publishingMore branding

It is not known how much time was spent by the Task Force specifically on the Japanese Garden issue.  During the period in which the task force operated, UCLA had a website for the garden which has since been taken down.  However, you can see the website as it was – and as it was available to the task force at:
http://web.archive.org/web/20100815093728/http://www.japanesegarden.ucla.edu/

UCLA History: Fundraising

The issues of the sale of the Japanese Garden and the construction of the hotel/conference center both point to fundraising and gifts to UCLA.  The recent history of UCLA – UCLA: The First Century – has a section on the early days of fundraising.  (See an earlier blog post on the book.)

In the book is the undated photo on the left of Dean Neil Jacoby of the business school promoting his idea of a building for the school.  The book, incidentally, incorrectly gives his dates as dean as 1948-73.  In fact, when yours truly arrived on campus in the summer of 1968, Jacoby was no longer dean although he remained a faculty member.  The deanship had been recently assumed by George Robbins and then later by Harold Williams, all before 1973.  (Jacoby managed, however, to be both dean and a member of President Eisenhower’s Council of Economic Advisors simultaneously during his actual term as dean.)

In any event, Jacoby first went to the local business community in a fundraising effort for the new building. The private universities screamed about UCLA – which got state support – competing with them for private funds.  Various accords were reached over time – described in the book – limiting the ability of UC and UCLA to solicit private funds. In the end – not reported in the book – Jacoby went around the university bureaucracy that controlled priorities for capital projects and took his case for the building to the Regents. By the time I arrived in 1968, the structure had been built.  (It is now the Luskin School of Public Affairs.)

Of course, nowadays UC campuses fund raise at will.  However, one suspects that in the era when fundraising was restricted by the deals with the privates – gifts in kind – such as the Japanese Garden got around whatever constraints there were.

Fundraising problems for UC?

A news report suggests alumni reluctance. Excerpt below:

As the University of California’s regents look for new sources of money to make up for state budget cuts, they are finding that university alumni are not as willing to donate as they may have hoped. In interviews, a dozen alumni who paid more modest sums for tuition several years ago say they are less apt to give if it means maintaining existing programs or staff salaries, rather than say, expanding university offerings.

“What we have found is that a lot of the alumni think back to when they went to school and they think, I did it, why can’t they do it?” said Nathan Bostrom, executive vice president for business operations for the University of California. “But the state makes up just 11 percent of our budget now. So it will have to come from other funding sources.”

Full story at: The Bay Citizen http://www.baycitizen.org/education/story/uc-alumni-reluctant-donate/

Fundraising does pose problems if you approach the wrong folks:

Zen Vetoes

Governor Brown has been vetoing and signing. Among the vetoes were two that would have made commercial initiative signature gathering more difficult. One was a ban on paying signature gatherers by the signature. They would have then been paid by the hour which would have changed the incentive structure in a way that would have undermined name gathering. In theory, they would have sat in front of supermarkets and watched the clock tick rather than annoy people into signing. And he vetoed another bill that would have required signature gatherers to wear large badges saying they were being paid. Presumably, that would have made signature gathering more difficult since the illusion of a volunteer-for-the-great cause gathering would have been removed.

Exactly why the governor did what he did is just one of those Jerry Brown contrarian Zen mysteries. Democrats liked the bills (or they would not have passed). He is a Democrat but he vetoed them. It seems to be something like that. Anyway, from the narrow UC perspective, the vetoes mean that it will be easier for whoever (a whoever with $1-$2 million for signature gathering) to put pension initiatives doing who-knows-what on the ballot. And the who-knows-what could override the Regents’ December 2010 decision on the UC pension. Thanks, Jerry.

The governor vetoed a bill related to CalPERS survivor benefits saying action on pensions should be part of some larger pension reform. What that is will presumably be revealed in the weeks to come.

There remains the issue of when stuff might get on the ballot. Normally, initiatives that have the needed signatures are put on the next available election. The first statewide election will be the presidential primary. Since there is little mystery about who the Democratic nominee for president will be, the primary will turn out Republicans. (On the other hand, the primary is being put back to June so by that time the Republican nominee might well be known.) On the assumption that the primary will tilt toward Republicans, legislative Dems are pushing a bill that would put initiatives on the November ballot instead. We will have to see how that turns out. Yours truly is traveling at the moment and not fully up-to-date on this matter.

The governor did sign the bill making university fundraising foundations more “transparent.” See earlier blog posts on that issue.

Credit Where It’s Due?

CaliforniaWatch has an article today about deals between credit card companies and universities which give the card offerers exclusive rights to mailing lists. The article is based on data released annually by the Federal Reserve.

It appears that in the case of UCLA, the deal is with the UCLA Alumni Association and not UCLA itself. In 2010, the Association received $733,318 based on 26,505. The contract indicates that the card issuer has access to “members” defined as follows:

“Member” means alumni, fans, ticket holders or supporters of the University of California, Los Angeles Athletic Department (“UCLA Athletic Department”) and/or other potential participants mutually agreed to by UCLAAA and MBNA America.

It appears that private universities may make these deals directly and collect the revenue. (USC got $1.5 million.) Public universities do not make these deals and leave it to their alumni groups to do so. Whether there is some prohibition on public universities making such arrangements is not indicated in the article.

The CaliforniaWatch article is at http://californiawatch.org/dailyreport/state-colleges-alumni-groups-reap-66m-credit-card-royalties-12429

The Federal Reserve database is at http://www.federalreserve.gov/collegecreditcardagreements/Search2010.aspx

The contract with the UCLA Alumni Association is at http://www.federalreserve.gov/CreditCardAgreementsContent/CollegeAgreement_1902.pdf

Before you rush out for your credit card and get into debt, maybe you should ask Mom:

More on Looking at the Law School’s Gift Horse

An earlier blog post noted the controversy over the Milken gift to the UCLA Law School to set up an institute on business law and policy.

The controversy seems to have triggered a message from the Law School Dean now posted on the School’s website and a job description that is being circulated for the executive director of the new Institute.

Below is 1) the message from the dean on the controversy, 2) the job description in italics, and 3) the original announcement of the gift.

Our earlier post is at:

http://uclafacultyassociation.blogspot.com/2011/08/ucla-law-schools-gift-horse.html

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An Important Message from Dean Rachel F. Moran

MESSAGE FROM THE DEAN

I am compelled to clear up mischaracterizations in a recent New York Times article about a $10 million gift from alumnus Lowell Milken to endow the Lowell Milken Institute for Business Law and Policy. The story inaccurately portrays the concerns of a few faculty members as an ongoing debate about whether it is appropriate to accept the gift.

In fact, the gift was the product of discussions that began in 2008, and there was broad consultation with members of the business law faculty. Until recently, all of them had expressed uniform and enthusiastic support for the creation of the Institute. In fact, only one faculty member, Lynn Stout, has expressed objections directly to me. Given that the Law School has approximately 70 ladder-rank faculty members, it is not surprising that a few may have a difference of opinion. I respect the right to dissent as an essential element of academic freedom, and indeed I would not have it any other way. However, I do not believe that the disagreement of a few should stand in the way of the flourishing of the many.

We thoroughly weighed all of the issues that Professor Stout has raised, and we came to a distinctly different and well-reasoned conclusion. In doing so, we applied fundamental principles of fairness that are foundational in American law. We looked at all facets of the record, we were careful to refrain from guilt by association, and we assumed that individuals are presumed innocent until proven guilty. Lowell Milken’s life has been marked by accomplishment and service. He has been a brilliant student, an outstanding lawyer, a successful businessman, and a visionary philanthropist. A quarter of a century ago, Mr. Milken was accused of misconduct. However, he was never convicted of any crime, and indeed, there were neither admissions nor findings of any wrongdoing. I do not believe that decades-old, unproven allegations should serve as a basis for rejecting a gift from a person who has made enormous contributions to the betterment of others and now wishes to do even more.

After the public announcement of the gift, I received numerous notes of congratulation from faculty, alumni, and friends. There is good reason for their endorsement. This is a gift that will enhance our ability to prepare the next generation of leaders in the field of business law and policy as well as our capacity to promote cutting-edge research that responds to the pressing need to promote an entrepreneurial economy. This quest for excellence is entirely consistent with our traditions as a great public law school. I am proud of Mr. Milken’s transformative gift; his generous support will strengthen our curriculum, provide scholarships and prizes for students, enable us to expand our outreach in the community through conferences and publications, and support the work of our faculty. There is overwhelming support for the Milken gift in our community, and that support is based on nuanced evaluations that succumb neither to rank speculation nor a rush to judgment.

I also was troubled that the article included gratuitous attacks on Stewart Resnick, another alumnus, and his wife Lynda, both of whom are successful businesspeople and long-time and generous supporters of not just the law school but other units across campus. The article relied on unsubstantiated accusations to condemn a gift to support loan repayment assistance for students who choose to pursue a career in public interest law.

I am profoundly disappointed that the New York Times article created a misleading picture about the bona fides of our alumni and the integrity of our law school.

Source: http://law.ucla.edu/news-media/Pages/News.aspx?NewsID=1925

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EXECUTIVE DIRECTOR

LOWELL MILKEN INSTITUTE FOR BUSINESS LAW AND POLICY

UCLA SCHOOL OF LAW

The UCLA School of Law is seeking a highly energetic, experienced individual to be the

Executive Director of a newly established Institute for the study and practice of business law and policy located at the UCLA School of Law. The Institute is designed to bring world class policy analysis, research and educational opportunities in business law and policy to UCLA, the broader community of Southern California, the nation and the world.

The Executive Director will plan and oversee all aspects of the Institute’s programs, which are designed to support and expand research, policy analysis, and teaching (including clinical teaching) about business law and policy at UCLA School of Law. The Executive Director will help to develop the business law curriculum, including improving and expanding the

Business Law Specialization for law students. The Executive Director will also supervise fellows, policy consultants, research assistants, student interns, and volunteers; engage in fundraising; and organize symposia and other academic programs related to the advancement

of business law and policy. The Executive Director will work closely with the Faculty Director, members of the business law faculty, and the advisory board of the Institute.

Minimum requirements include an excellent academic record; a J.D., M.B.A. or equivalent advanced degree from a U.S. school; at least five years of successful business law practice or business experience; demonstrated management, administrative and organizational skills, with successful prior experience in fundraising or coordinating scholarly or professional conferences preferred; prior successful teaching experience and a record of publications concerning business law and policy topics preferred; a strong record of established relationships with other business professional and with professional organizations preferred.

The level of appointment will be commensurate with qualifications and experience. This is a year-round, academic, non-tenure track position.

Confidential review of applications, nominations and expressions of interest will begin immediately and continue until an appointment is made. Please send resume, cover letter, and the names and addresses for at least two professional references to the attention of:

Edna Sasis, Office of the Dean, UCLA School of Law,

405 Hilgard Avenue, Los Angeles, CA 90095-1476.

Email applications may be sent to sasis@law.ucla.edu or be faxed to (310) 206-7147.

The University of California is an affirmative action/equal opportunity employer, and seeks candidates committed to the highest standards of scholarship and professional activities and to a campus climate that supports equality and diversity.

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Original announcement:

UCLA School of Law Receives Transformative $10 Million Gift From Alumnus Lowell Milken

Contact: Lauri Gavel, gavel@law.ucla.edu, 310-206-2611

Gift of $10 million serves as capstone of UCLA School of Law’s $100 million campaign

LOS ANGELES, CA, August 9, 2011 — UCLA School of Law has received a transformative $10 million gift — the largest single gift in the school’s history — enabling the law school to meet and exceed its ambitious $100 million fundraising goal well ahead of its original five-year schedule. The Campaign for UCLA School of Law was publicly launched in 2008 to increase private resources for student scholarships, to attract and retain faculty, and to support centers and institutes that inform law and public policy.

The $10 million gift from 2009 Public Service Alumnus of the Year Lowell Milken ’73, a leading philanthropist and pioneer in education reform, establishes the Lowell Milken Institute for Business Law and Policy. The institute’s creation is the culmination of a three-year process of exploration initiated by UCLA Law leadership with Milken to develop initiatives in business and law that will serve students, faculty and the greater community through innovative research, hands-on skills training and real-world problem-solving.

UCLA School of Law dean Rachel F. Moran noted that the Lowell Milken Institute will draw on the school’s existing strengths in business law and policy, including its premier faculty and outstanding students, as well as its long tradition of interdisciplinary collaborations.

“In line with the goals of the Campaign for UCLA Law, Lowell’s generosity will enable us to initiate a range of curricular innovations, further critical research and provide financial support for students, who will become our nation’s future leaders in business law and policy,” Moran said.

An expanded curriculum and enhanced training in real-world transactional skills will aid not only students but the broader legal and business communities, she added.

The gift serves as the capstone of the law school’s record-breaking campaign which, in addition to the Lowell Milken Institute for Business Law and Policy, led to the creation of the David J. Epstein Program in Public Interest Law and Policy, the Emmett Center on Climate Change and the Environment, the Williams Institute on Sexual Orientation Law and Public Policy (which had previously been a program), the Michael T. Masin Scholars Fund, and the Stewart and Lynda Resnick Endowed Fund in Support of Public Interest Law. The campaign also funded the school’s A. Barry Cappello Courtroom, the Bruce H. Spector Conference Room and the Bernard A. and Lenore S. Greenberg Endowed Law Review Fellow Fund.

According to Moran, private philanthropy throughout the campaign more than doubled the number of endowed chairs at the law school, including four chairs endowed by longtime supporters Ralph ’58 and Shirley Shapiro, and UCLA School of Law had the highest rate of growth in alumni giving of any top 20 law school, as participation rates soared to more than 30 percent. Key to this success was the Law Firm Challenge, which broke new records every year under the leadership of its founding chair James D. C. Barrall ’75, as well as the recently created Reunion Challenge.

“As our record growth in giving demonstrates, our alumni have rallied together in unprecedented numbers under the leadership of Campaign chairman Ken Ziffren ’65 and a team of dedicated volunteer leaders,” Moran said. “They’ve demonstrated their commitment to UCLA School of Law’s long-standing traditions of excellence, innovation, access and service. This critical campaign and the transformative gift from Lowell Milken show that our students, alumni and friends share the vision and values that define us as a great public law school, and their ongoing support will help us to overcome the often dour predictions prompted by the state and national budget crisis.”

Private philanthropy is vital to preserving the long-standing tradition of serving the community and the greater good, a commitment integral to the mission of both the law school and the UCLA campus.

“This generous gift will deepen UCLA Law’s already strong impact on the vibrant Los Angeles legal and business communities and help prepare students with the training they need to meet the challenges of today’s global and entrepreneurial economy,” said UCLA Chancellor Gene Block. “Through groundbreaking research, as well as symposia and conferences, the Lowell Milken Institute will facilitate the kind of sustained dialogue with policymakers and practitioners that is UCLA’s hallmark as a public university.”

Alumni and philanthropists increasingly are recognizing this imperative.

“At a time when our state’s great universities are under significant financial pressure and constraints, it is incumbent upon those of us who benefited greatly from our educational experiences within the UC system to help support the outstanding work of these universities,” said Milken, who graduated Phi Beta Kappa and summa cum laude from the University of California, Berkeley, where he received the School of Business Administration’s Most Outstanding Student award. At UCLA School of Law, he earned his degree with the distinction of Order of the Coif and UCLA Law Review.

As chairman and co-founder of the Milken Family Foundation, Lowell Milken’s dedication to education reform has been informed by more than three decades of education research, policy and practice, as well as firsthand visits to thousands of classrooms. Milken created the Milken Educator Awards in 1985, the nation’s most prominent teacher-recognition program. In 1999, he founded TAP™: The System for Teacher and Student Advancement, a proven, comprehensive school reform now active in 13 states to attract, develop, motivate and retain the best talent for the American teaching profession. He also was instrumental in the establishment of High Tech Los Angeles, a public charter high school that engages students through self-directed learning, collaborative projects and real-world internships.

An international businessman, Milken is co-founder of Knowledge Universe, the world’s largest early childhood education company. Headquartered in Singapore, Knowledge Universe operates worldwide with more than 38,000 employees. Milken is also chairman of London-based Heron International, a worldwide leader in property development.

About UCLA School of Law and the Campaign

Founded in 1949, UCLA School of Law is the youngest major law school in the nation and has established a tradition of innovation in its approach to teaching, research and scholarship. With approximately 100 faculty and 970 students, the school pioneered clinical teaching, is a leader in interdisciplinary research and training, and is at the forefront of efforts to link research to its effects on society and the legal profession.

In April 2008, UCLA School of Law publicly launched the $100 million Campaign for UCLA School of Law — the largest fundraising effort in the school’s history — to increase funding for student scholarships and to attract and retain a world-class faculty. The campaign also seeks funding to expand academic courses and support law school clinics, centers and programs that inform law and public policy.

For more information, visit www.law.ucla.edu.

From http://www.law.ucla.edu/news-media/Pages/News/UCLA-Law-Receives-Transformative-$10-million-gift-from-Alumnus-Lowell-Milken.aspx

Of course, too much looking at gifts in the mouth might lead to an empty feed bag:

UPDATE: The LA Times editorial board has decided UCLA should keep the money. So there you have it:

http://www.latimes.com/news/printedition/opinion/la-ed-milken-20110830,0,1077411.story

UCLA Law School’s Gift Horse

Milken’s Gift Stirs Dispute at U.C.L.A. Law School
Inside Higher Ed points to the story (excerpted) below in a blog of the NY Times:
When the U.C.L.A. School of Law announced a $10 million gift from Lowell Milken to establish a business law institute in his name earlier this month, the university described him as a “pioneer in education reform” and a “leading philanthropist.” Behind the scenes, Mr. Milken’s big donation has set off an internal debate at the school. While many faculty members welcomed the money, one of the University of California, Los Angeles’s top business law professors has said the gift poses deep ethical problems and reputational risks, given Mr. Milken’s run-in with securities regulators two decades ago.
“The creation of a Lowell Milken Institute for Business Law and Policy will damage my personal and professional reputation, as I have devoted my career to arguing for investor protection and honest and ethical behavior in business,” Lynn A. Stout wrote in a letter last month to the president of the University of California and U.C.L.A.’s chancellor. Ms. Stout, a specialist in corporate governance and moral behavior, said in an interview last week, “I think it’s somewhat distressing that so few people seem to be aware of Lowell and Michael Milken’s business history.” …
Full story at http://www.insidehighered.com/news/2011/08/23/qt#268540 and http://dealbook.nytimes.com/2011/08/22/milkens-gift-provokes-dispute-at-u-c-l-a-law-school/

Seems like some folks are more anxious to get a gift horse than others:

Cat gifts are clearly better:

Owner bequeaths $7.6 million to UC Davis vet school in cat’s name
Not much more to be said about that, but the full story is at: http://www.sacbee.com/2011/08/23/3854696/owner-bequeaths-76-million-to.html
Update: A radio program on the Milken gift – with Prof. Lynn Stout as a guest – is at http://media.scpr.org/audio/upload/2011/08/24/20110824_airtalk_Milken.mp3

How Transparent Should UC Foundations Be? The Governor Will Give Us His View Soon

Bill on university groups’ public disclosure heads to Jerry Brown

CapitolAlert, 8/18/11

Leland Yee is hoping the third time’s a charm. Senate Bill 8, which would expand the authority of the California Public Records Act on the state’s college campuses, is heading to Gov. Jerry Brown for consideration. The San Francisco Democrat’s two previous bills to subject college auxiliary organizations, such as foundations, to the state’s public records act were vetoed by then Gov. Arnold Schwarzenegger. The Senate approved amendments to the current version today, 36-1, sending it to Brown’s desk.

…(L)ast year the foundation at California State University, Stanislaus, declined to report how much it was paying former vice presidential candidate Sarah Palin to speak at a fundraiser — until it was forced to do so by the courts. Yee made national headlines by drawing attention to the case. Yee’s two previous bills were opposed by the University of California and the California State University, which said many donors did not want to have their identities revealed.

But UC and CSU dropped their opposition to the current bill after Yee agreed to amend it to protect the anonymity of donors except in situations in which the donor receives something from the university worth more than $2,500 or in which the donor receives a no-bid contract within five years of the donation. The bill also does not grant anonymity to donors who attempt to influence curriculum or university operations.

Full story at: http://blogs.sacbee.com/capitolalertlatest/2011/08/university-public-disclosure-senate-bill-8.html

Yee is running for mayor of San Francisco along with several other candidates. If Brown doesn’t sign the bill, it probably will have more to do with SF politics than anything else.

Anyway, being transparent doesn’t always produce desirable results. Maybe you can be too transparent:

Update: Even the good senator has some transparency issues, apparently: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/19/MNEF1KO6S1.DTL

Lawful Money

Milken Foundation gives $10M to UCLA law school

Daily News, 08/09/2011

LOS ANGELES – Lowell Milken gave UCLA’s law school $10 million, putting it ahead of schedule in raising $100 million over five years, it was announced today. The fundraising drive was started in 2008 to benefit student scholarships, attract and retain faculty and to support centers and institutes that inform law and public policy. The gift from Milken, the biggest in the law school’s history, will be used to start the Lowell Milken Institute for Business Law and Policy…

Full article at http://www.dailynews.com/news/ci_18645516

Down it comes:

Congratulations to UC-SD: But are they sure there what they are getting?

Geisel gives $2 million to fix chancellor’s residence: House used in fundraising and UCSD events is currently uninhabitable

Pat Flynn, Dec. 16, 2010, San Diego Union-Tribune

Audrey Geisel, a longtime benefactor of the University of California San Diego, has donated $2 million to jump-start renovation of University House, the currently uninhabitable residence meant for use by the campus’ chancellor. Geisel, the widow of Theodor “Dr. Seuss” Geisel, author of “How the Grinch Stole Christmas” among many other books, was given in honor of the university’s 50th anniversary, which is being celebrated this year.

In 2004, engineers determined that University House was uninhabitable for several reasons, including questions about the stability of its roof in the event of an earthquake…

In 1995, the university’s library was renamed Geisel Library in honor of Theodor Geisel, following a $20 million gift from Audrey Geisel.

Full article at http://www.signonsandiego.com/news/2010/dec/16/geisel-gives-2-million-to-fix-ucsd-chancellors/

There may be some issues about a Dr. Seuss house. His architectural tastes were unusual.