{"id":140353,"date":"2026-01-19T18:23:07","date_gmt":"2026-01-19T18:23:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/140353\/"},"modified":"2026-01-19T18:23:07","modified_gmt":"2026-01-19T18:23:07","slug":"csu-finds-nonprofit-controlling-fresno-state-funds-at-risk-of-fraud-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/140353\/","title":{"rendered":"CSU Finds Nonprofit Controlling Fresno State Funds at Risk of Fraud"},"content":{"rendered":"<p>A California State University review found that the practices of a Fresno State nonprofit put it at risk of fraud, <a href=\"https:\/\/www.fresnobee.com\/news\/local\/article314292657.html\" target=\"_blank\" rel=\"noopener nofollow\">The Fresno Bee reported<\/a>.<\/p>\n<p><a href=\"https:\/\/edsource.org\/updates\/fresno-state-finds-nonprofit-controlling-university-funds-at-risk-of-fraud\" target=\"_blank\" rel=\"noopener nofollow\">This story<\/a> was originally published by EdSource.\u00a0<a class=\"external\" href=\"https:\/\/bit.ly\/4d4oItr\" target=\"_blank\" rel=\"noopener nofollow\">Sign up<\/a>\u00a0for their daily newsletter.<\/p>\n<p>Operating as a nonprofit independent of the university, the Fresno State Foundation controls hundreds of millions of dollars for the campus, including scholarships and research funds.<\/p>\n<p>According to the\u00a0<a class=\"external\" href=\"https:\/\/auxiliary.fresnostate.edu\/foundation\/foundation-review.html\" target=\"_blank\" rel=\"noopener nofollow\">review<\/a>, the foundation put those funds at risk by:<\/p>\n<p>Allowing \u201cthe same individual,\u201d though unnamed, to prepare and approve multimillion-dollar wire transfers with the authority to revise vendor records<br \/>\nNot including faculty with experience in research administration on its board<\/p>\n<p>\u201cWith no faculty serving in any oversight capacity, we have no idea what they were doing,\u201d Andrew Jones, president of the Fresno State chapter of the California Faculty Association, told The Bee.<\/p>\n<p>Fresno State said in a statement on its website:<\/p>\n<p>\u201cAs expected, the review did not identify any fraud, misappropriation of funds, or malfeasance. It did identify areas where governance, financial controls, and operational practices must be modernized. Addressing these findings is a top institutional priority, and work is already underway.\u201d<\/p>\n<p>To strengthen oversight, Fresno State President \u200bSa\u00fal Jim\u00e9nez-Sandoval, who requested the review, said the university and foundation will seek to revise the board\u2019s makeup, among other actions.<\/p>\n<p>The foundation will also address the findings and publicize a plan to do so, Executive Director Brady Crook said in an email to The Bee.<\/p>\n<p>You can read Jim\u00e9nez-Sandoval\u2019s full statement <a href=\"https:\/\/today.fresnostate.edu\/an-update-on-the-fresno-state-foundation\/\" target=\"_blank\" rel=\"noopener nofollow\">at this link<\/a>.<\/p>\n<p>(GV Wire contributed to this report.)<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A California State University review found that the practices of a Fresno State nonprofit put it at risk&hellip;\n","protected":false},"author":2,"featured_media":140354,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[112,114,113],"class_list":{"0":"post-140353","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fresno","8":"tag-fresno","9":"tag-fresno-headlines","10":"tag-fresno-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/140353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=140353"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/140353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/140354"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=140353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=140353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=140353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}