Online edition of India's National Newspaper
Thursday, Nov 30, 2006
ePaper
Google



Opinion

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Obituary |

Opinion - News Analysis Printer Friendly Page   Send this Article to a Friend

Lawsuit on donations

Ed Pilkington

AMERICAN UNIVERSITIES are closely watching a legal action in New Jersey that could determine whether they continue to have the freedom to spend billions of dollars in annual donations as they see fit. The two-day hearing, which began on Tuesday, has been brought by the children of Charles and Marie Robertson, among the largest benefactors to Princeton University. They seek control of the endowment, saying it has not been spent in accordance with their parents' wishes.

The donation of $35 million was made in 1961 out of a supermarket inheritance.

Charles Robertson, a graduate of Princeton, stipulated that the endowment should be used to train graduates to enter government service in international affairs. The benefactors' son William said in a statement: "University officials secretly used the foundation's growing endowment as a piggy bank, diverting more than $200 million to activities, projects, programmes and personnel unrelated to the mission," William Robertson said in a statement. — © Guardian Newspapers Limited 2006

Printer friendly page  
Send this article to Friends by E-Mail



Opinion

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu