Cracks in the foundation.
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."
|Printer friendly Cite/link Email Feedback|
|Article Type:||Letter to the Editor|
|Date:||Jan 1, 2004|
|Previous Article:||Light and Clark.|
|Next Article:||Norwich hunt.|