Endowment and Funding

eiffelguy87
Wed, 26 Jan 2005 21:56:57 +0000

The term “sunshine laws” is a general term referring to laws that allow the public to see what an organization, government agency, or company does.

For example, there are sunshine laws on Political Action Committees (PAC). PACs must report how much they donate to each candidate. Political candidates must also report how much money they receive; again, a product of sunshine laws.

In this case, these students are pressing that laws be passed to force universities to disclose how the endowments are being spent, allowing the “sun” to “shine” upon the actions of the university.