No and incorrect. If a donation is given to a university, whether for the establishment of a foundation or as a gift in general, the university has complete control of said gift and the foundation.

If the gift for the foundation is a lump sum rather than a gift over the years (the latter is usually the case to ensure that the foundation does indeed follow the original intent of the gift), I can see the university trying to claim that they have no ownership if they are afraid the rest of the gift will not be forthcoming (often phone calls with implied threats work).

Either way, the monies are the property of the university. Any promises of future monies are not, of course.

So, I am assuming that the foundation did not get $50 million in a lump sum from this benefactor, rather the $50 million is a gift doled out over the years (typical type of large gift to universities).

The university owns the monies already transferred and owns the foundation. Now that the university is trying to feed the public a bullcrap line of ownership, one must wonder what put fear in the hearts of the foundation?

Although I can reconcile many things about both candidates which have been discussed, Ayers is not one of them. Not by a long shot. I, for one, need more information on this. And, knowing what I know about academia, I am even more suspicious with the foundation's dillydallying around with disclosure.

This is not winning points with me.

Evidently, you don't read. This has already been answered.

Maybe this will help you out:
This school is a publicly supported institution and must follow the law. Not that in Chicago that means anything, but for the rest of us unwashed masses, it's important.

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Andy
Cynical Optimist

Com-on! Sitting in an America hating racist church for 20 long years, has raised some eyebrows. Candidates past connections, as always, are a topic of conversation.

Now this is about an American terrorist--whose group was responsible for attacks on this country, (Pentagon & a police station). Then this same associate stated directly after 9/11, he just wished his group had done more damage. This is someone Obama knows, whom was referred to as a friend.

Yes, Americans want to know their candidate before they cast their votes.

Absolutely nothing unusual about questioning his past associates.

It wasn't that long ago, that media perception of John Edwards, as the greatest, family loving man there ever was. Now look at the news--adultry, while is wife is trying to survive breast cancer.

It's not about a monetary donation to the University. It's about records donated which may, and most likely do, detail the close working relationship between Obama and Ayers which would refute Obama's assertion that Ayers was just a "guy who lives in my neighborhood."

This is a coverup in the making and we can watch it unfold. It's fascinating really.

Who is Bill Ayers and Why Does He Matter?

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Andy
Cynical Optimist

Wrong again.

Kerry allows Navy release of military, medical records - The Boston Globe

__________________
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Great. I just don't see the point being made. OK so his judgement is SOMEHOW effected. But how would this effect his presidency? How does this make him a different man than he already seems to be? So he's not squeeky clean. I see no reason why this effects his judgement when it comes to foreign policy, the econemy, civil rights issues, or w/e people should care about.

Oh, I realize that it is about disclosure, one that was promised as forthcoming. Now, that disclosure has "complications" and those complications are due to ownership of the foundation, as claimed by the university. This latter claim is what has made by BS detector go crazy. It's bull and folks are buying it.

But, never be amazed about how academia can obfuscate and avoid disclosure of information that both the private sector and the government are obliged to disclose.

There is a reason for their dillydallying at this point.

A cover-up in the making, indeed.

Interesting. The Chicago Annenberg Challenge has closed.

The Annenberg Challenge Sites: Chicago

It's an email link to a Brown University email address.

Brown University is the location of the Walter Annenberg Foundation, the providers of the initial $50 million grant.

The Chicago Annenberg Challenge closed in 2001. Not sure why it closed but they rolled all the remaining assets into another foundation. They received just under $50 million and had to supplement that with 2/1 local money. So, they had about $160 million at some point.

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Andy
Cynical Optimist

Thanks for that information.

I'm still wondering why once available public records about the administration of these funds in Chicago are now unavailable to the public.

The AP is reporting the University will make the papers available on Tuesday.

Based on the lack of coverage of this issue by the MSM it will be interesting to see what the papers reveal and how the MSM will spin it. I suspect Obama's extensive relationship with Ayers will be treated as no big deal, and that says much about the course our country is on.

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Andy
Cynical Optimist

Why would the report crap like this? It's not current, it's not an issue, and going back to what I said earlier the story would be crap. Their ratings would drop significantly if they reported every thing you wanted reported.

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"Hard work without talent is a shame, but talent without hard work is a tragedy." -fortune cookie

They should report it for the same reason they reported the questions about the Bush National Guard service record prior to the 2000 election. Oh, and then suddenly found a document a week before the 2004 election so they could get another round of it. THAT is the reason the Ayers story should be reported - especially when new information is released. And yes, please have someone make sure there are no forgeries!

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Drive Bias

Stanley Kurtz is a respectable researcher. No doubt some on the fringe will try to pass off forgeries but they won't get any air time simply because the MSM is so totally in the tank for Obama. The legitimate story will barely get air time, and even that will be spun beyond recognition.

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Andy
Cynical Optimist

Well you certainly learn something new everyday.

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"Hard work without talent is a shame, but talent without hard work is a tragedy." -fortune cookie