January 15, 2009
A Bitter End
Settlement resolves dispute between Princeton U. and 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 helps support the university's Woodrow Wilson School of Public and International Affairs.
The endowment, worth more than $700-million,
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
