Printer Friendly

Cracks in the foundation.

Regarding Charles Peters's "Tilting at Windmills" (November) item on the lawsuit by William Robertson and his sisters against Princeton University: The plaintiffs are not asking "to get back" the $525 million in the Robertson Foundation kitty. They are asking for control of the Robertson Foundation and its funds so they can donate the money to programs and/or individuals at other colleges and universities that take the Robertson Foundation's "government service" mission seriously.

Last month, the Robertson Foundation's university trustees voted--over the unanimous objections of the Family trustees--to subsume the Robertson Foundation's investments into the university endowment fund, known as the Princeton Investment Company (PrinCo). When they set up the foundation in 1961, Charles and Marie Robertson did so in a manner intended to ensure that the foundation's funds would not be comingled with Princeton's. So much for "donor intent."

Herb Berkowitz

Wilmington, N.C.
COPYRIGHT 2004 Washington Monthly Company
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Letters
Author:Berkowitz, Herb
Publication:Washington Monthly
Article Type:Letter to the Editor
Date:Jan 1, 2004
Words:145
Previous Article:Light and Clark.
Next Article:Norwich hunt.


Related Articles
IRS: Foundations Can Decide On Responsibility Procedures.
Letters in the Editor's Mailbag.
HAHN AD ATTACKS RIVAL'S ROLE, RECORD IN PARDON.
PAPER ADMITS ERRORS IN DRUG SERIES.
CIA HEAD ORDERS CONTRA-DRUG PROBE.
NORTH POLE DUTY TEEN VOLUNTEERS HELP ANSWER LETTERS TO SANTA.
'The forgetfulness of sex': devotion and desire in the courtship letters of Angelina Grimke and Theodore Dwight Weld.
Code name: adventure.
Prevent cracking due to slacking.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters