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

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.