Paul Smith’s College will not receive a $20-million donation from billionaire philanthropists Joan and Sanford Weill that was contingent on adding Ms. Weill’s name to the small upstate New York institution, reports The New York Times. A state judge earlier this month rejected the proposed renaming to Joan Weill-Paul Smith’s College, which would have required voiding a provision in the will of the institution’s original benefactor.
College officials said Thursday that they have decided not to appeal the ruling, and the Weills have opted not to make the contribution. “It was a naming gift, so without the court allowing us to go forward there was no money,” college spokesman Bob Bennett said. “That was the deal, right from the beginning.” Ms. Weill did not respond to requests for comment.
We're sorry. Something went wrong.
We are unable to fully display the content of this page.
The most likely cause of this is a content blocker on your computer or network.
Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.
If you continue to experience issues, please contact us at 202-466-1032 or cophelp@philanthropy.com