Richard Lambert, University Counsel says:

Whether the University has any authority over the Foundation is a legal conclusion.

Q:  Does the University have any authority over the Foundation? 

A: by Mr. Lambert.  "what do you mean by 'authority'?

Q:  Did Dr. DePree's check that he paid to the BAC go through -- go to the Foundation?

A: by  Mr. Lambert, "And once again, we're not able to talk about an individual donation."

[Don't forget, Dr. DePree was sitting there; it was his donation; and it was still a secret.  Keep in mind that greater than 99% of all donors are identified by name in Foundation publications.]

Q:  Tell me what the source of this confidentiality is (as to a donor's gift)? 

A: by Mr. Lambert, "it's a private donation."
Pride
At the College of Business of the University of Southern Mississippi*
 
Tim Ryan, Executive Director of The Foundation says:

Q:  Are you [the Foundation] responsible to any public officials?

A:  To my knowledge no.

Q:  What's your background?

A: "I graduated from the University of Southern Mississippi with a master's -- I majored in finance and minored in economics.  I finished half of a -- approximately half of a master's degree."
Tim Ryan, Executive Director of the Foundation
http://www.usmpride.com/index.html
http://www.usmpride.com/Week 1.html
http://www.usmpride.com/week2.html
http://www.usmpride.com/contact.html
Our core mission reflects taking PRIDE in all we do - Professionalism, Respect, Integrity, Discipline, Excellence
So, are you ready to cut a check to the USM Foundation?  (click on link, please)
*From one full professor's point of view