June 24, 2005

U. of Ga. Makes Peace With Foundation

By PAUL FAIN

The standoff between the University of Georgia and the University of Georgia Foundation, a private donor group with which the university has long feuded, is over.

In April the university had moved to cut its ties to the foundation. But under a deal struck this month, the foundation will manage the university's $450-million endowment but will cede its role as the primary recipient of gifts to the institution.

The new recipient is the Arch Foundation, which the university created

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