“On Campus, the Fallout From the College Admissions Scandal,” The Wall Street Journal, March 16, 2019. If the “donations” were bribes, what happens to your tax exemption?
This scandal will occupy the collective consciousness for some time to come. It has all the elements – money, Hollywood, fat cats doing wrong, overbearing parents, class distinctions, and reputations besmirched. Not primarily an information governance case, although the scamming of the SAT/ACT tests fits.
But from the perspective of this blog, what does one do when one learns that some of the donations it received may be “tainted”? That taint may have some impact on the institution’s tax exemption. If you have that information, are you in compliance? What process do you have to govern this? If you don’t do anything, are you failing to use information?
