Excessive heat warning issued for most SE Wisconsin until 8 p.m. Saturday

Report: $5.4 million in questionable UW transactions

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MADISON, Wis. — A new report shows about $5.4 million in questionable transactions between University of Wisconsin System schools and their private foundations between 2010 and 2017.

The system began reviewing transactions between schools and foundations in January after accusing former UW-Oshkosh officials of illegally transferring $11.3 million to the school’s foundation to cover construction projects.

The system released a report detailing its findings Wednesday. According to the report, nearly $35.5 million moved from the universities to the foundations between mid-2010 and this past January.

Transactions totaling $5.4 million required additional analysis, including $183,805 UW-La Crosse repaid to its foundation to cover renovations at its football stadium. Other issues included checks written incorrectly, scholarship withdrawals and accounting errors and foundation overpayments to universities that the schools sent back.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.