New Haven Independent

GESO
425 College St.
New Haven, CT 06511
(203) 624-5161
geso@yaleunions.org
October 11, 2005

Richard Levin
Woodbridge Hall
New Haven, CT 06520

Dear President Levin,

On October 7, 2005, you were quoted in the Yale Daily News as saying that you are unsure if Yale is still invested in Corrections Corporation of America.

Enclosed, please find the documents to verify Yale’s ownership of shares of CCA stock.

The documents are:

1) Statement 13, page 3 of Yale’s 2003 Form 990 showing Yale’s ownership of 87.5337% of Farallon Capital Institutional Partners II, LP.
2) Farallon Capital Management’s SEC filing Form 13G (May 10, 2005). Page 4 shows Farallon Capital Institutional Partners II’s ownership of 47,100 shares of CCA. Because Farallon owns more than 5% of CCA’s stock, they are required to file a form 13G everytime they buy or sell any shares of CCA. Since the May 10th filing is the most recent one, Yale still holds those shares.

In addition, please find enclosed our report entitled Endowing Injustice: Yale University’s Investment in Corrections Corporation of America. This report details the reasons we believe that Yale must divest from CCA immediately.

We look forward to meeting with you at your earliest convenience to discuss this serious matter.