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Masterson, Kathryn3
Gose, Ben1
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Masterson, Kathryn; Gose, Ben – Chronicle of Higher Education, 2009
This article reports that Princeton University has settled a long-running dispute with the heirs of a major donor by agreeing to pay $50-million to the heirs' foundation and approximately the same amount for their legal fees. The case has been closely watched as a test of how strictly institutions must adhere to donors' wishes. The settlement…
Descriptors: Donors, Laws, Philanthropic Foundations, Endowment Funds
Masterson, Kathryn – Chronicle of Higher Education, 2008
This article reports that as many as five colleges or charitable foundations whose endowments have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment managers, alleging misrepresentation of risk or mismanagement. Jacob H.…
Descriptors: Endowment Funds, Trusts (Financial), Financial Services, Money Management
Masterson, Kathryn – Chronicle of Higher Education, 2008
The Supreme Court of Virginia has ruled in favor of Randolph College in two lawsuits brought by students and alumnae donors upset that the institution, formerly Randolph-Macon Woman's College, went coed last fall. In one case, the court ruled against a group of students who argued that the decision to enroll men was a breach of contract. The…
Descriptors: Court Litigation, Single Sex Colleges, Educational Change, Coeducation