Financial Accounting Blog

Tuesday, October 14, 2003

The Athens NEWS: Twice weekly alternative
The following article is about the KPMG audit of OU Foundation's which revealed investments floundered during 2002.

The OU Foundation is a private non-profit corporation that was set up in 1945 to handle the university's charitable endowment.
Net assets of the Foundation took a hit of more than $31 million for the audit period, dropping from more than $192 million to around $161 million.