ERIC Number: ED496429
Record Type: Non-Journal
Publication Date: 2004
Reference Count: 0
That's Not How I Wanted You to Use My Gift
Association of Governing Boards of Universities and Colleges, Trusteeship v12 n6 Nov-Dec 2004
Many people think of gifts to colleges and universities in pleasant terms, but sometimes things go wrong. When a donor's children sued Princeton University in 2002, development officers, college presidents, and trustees took note. Whoever is right and whoever prevails, the lawsuit illustrates that the feel-good images associated with major gifts do not always tell the full story. Donor-college relations usually go smoothly, but some donors and their heirs do not like the way colleges use their money, and may insist that the school change its ways or even return the donation. While state laws generally make it difficult for donors to challenge institutions' use of their money, it is important for all colleges and universities to avoid these types of disputes altogether. This article presents some guidelines for dealing with donors in a way that promotes understanding and trust.
Descriptors: Donors, Laws, College Presidents, Fund Raising, Private Financial Support, Philanthropic Foundations, College Administration, Legal Responsibility, Documentation, Interpersonal Communication, Trusts (Financial), Trust (Psychology)
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Guides - Non-Classroom
Education Level: Higher Education
Authoring Institution: Association of Governing Boards of Universities and Colleges, Washington, DC.