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San Francisco College’s Foundation Seeks Control of Assets Amid Probe

January 29, 2010, 2:08 pm

City College of San Francisco’s foundation is seeking full control of its $19-million in assets in the wake of allegations of financial impropriety involving three former school officials, the San Francisco Chronicle reports.

Philip Day, the school’s former chancellor, and two retired administrators face felony charges stemming from alleged misuse of funds. While the foundation raises money for scholarship and programs, the college maintains its accounts. All have pleaded not guilty.

In letters late last year to the current Chancellor Don Griffin, top foundation officials said the case has undermined donors’ confidence and that the foundation should have full control over its assets and record-keeping.

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