Records and information that concern gifts to public institutions of higher education or foundations established under §49-7-107, and that include the name, address, telephone number, social security number, driver license information, or any other personally identifiable information about the donor or members of the donor's family, shall not be open for public inspection. Public institutions of higher education and foundations established under §49-7-107 shall create an annual report of gifts received during each twelve-month period, including the amount of the gift and a general description of its use, but not including any personally identifiable information about the donor or members of the donor's family. Upon request, the annual report of gifts shall be made available for inspection by any citizen of Tennessee. Upon request, the attorney general and reporter may review all records or information concerning gifts to public institutions of higher education, and to foundations established under § 49-7-107, including all personally identifiable information about the donor or members of the donor's family.