January 9, 2009

Settlement Ends Dispute Between Princeton and Donors' Heirs

By KATHRYN MASTERSON and BEN GOSE

Princeton University settled a long-running and bitter dispute with the heirs of a major donor last month by agreeing to pay $50-million to the heirs' foundation and nearly as much for their legal fees.

The case has been closely watched as a test of how strictly institutions must adhere to donors' wishes. The settlement means the case won't produce any legal precedents for such situations. Still, experts say the case and its settlement do provide some useful lessons to colleges about

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