Family, Princeton Clash Over Use of Gift

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The legal battle between the family that created the endowment fund for the Woodrow Wilson School of Public and International Affairs and Princeton University has escalated over allegations that the Ivy League school has not used the gift as originally intended, the Wall Street Journal reports.

The foundation that controls the endowment was created in 1961 with a $35 million gift from Princeton alumnus Charles Robertson and his wife, Marie, an heiress to the A&P grocery fortune, to support the training of graduate students to serve in the federal government, particularly in the area of foreign relations. But in July 2002, the Robertson family, long unhappy with the low number of Wilson graduates actually going into government service, filed suit to gain control of the endowment and take it to another school. Based on court papers, the family’s lawyers allege that Princeton is trying to commingle money from the endowment with funds from the university’s general endowment.

http://fdncenter.org/pnd/news/story.jhtml?id=130700004 

 

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