August 3, 2018

August 3, 2018 - The Detroit Free Press reports on the University of Michigan's over $100 million investment in a mega-donor's private equity funds. 

"It is the kind of financial back-and-forth that has troubled critics worried about how large donations to U-M and other elite universities could influence investment decisions worth billions of dollars."

Dean Melanie Leslie is quoted in the article:

Melanie Leslie, the dean of the Benjamin N. Cardozo School of Law at Yeshiva University in New York, who has studied governance issues at nonprofits, said in an interview that "it’s all about process and transparency. ... I don’t think a blanket rule prohibiting the investments with donors is necessarily the way to go."

Leslie added that the process must be clear enough to avoid a "lack of accountability and people benefiting their friends." 

Read the article in the Detroit Free Press.