December 11, 2008
Princeton to Pay $90-Million to Settle Dispute With Donors' Heirs
Princeton University will pay $50-million and almost as much in legal fees to foundations controlled by the heirs of a major donor to the institution, in a settlement that ends a closely watched lawsuit over how strictly colleges must adhere to a donor's wishes.
The bitter dispute centered on an endowment, known as the Robertson Foundation, that supports the university’s Woodrow Wilson School of Public and International Affairs.
The endowment, now worth more
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
