A development related to the most-watched donor-intent court case, from CHE:
Princeton University announced on Monday that it has repaid $782,375 to the Robertson Foundation, adding yet another chapter in a continuing legal battle between the university and the heirs of the donors of the foundation, which now has assets worth more than $800-million.
The money that the university returned had been used for the Graduate Funding Agreement, a program that supported graduate students in academic departments such as economics, politics, and sociology, that were related to the Woodrow Wilson School of Public and International Affairs. The Robertson Foundation was created to support the graduate programs within the Woodrow Wilson school, and the heirs have alleged that the Graduate Funding Agreement did not fall within the appropriate use of the foundation’s funds. …
Princeton officials said on Monday that they believed their use of the Robertson funds had been compliant with the purposes of the foundation.
But they decided to repay the $782,000, they said, because “the university has acknowledged error in not disclosing to the Robertson Foundation board that the foundation would be funding the [Graduate Funding] Agreement.”
A spokeswoman for Princeton said that the return of the money was not part of any settlement negotiations in the lawsuit.
The official Princeton statement is here.