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SHORT TAKES


December 10, 2008

Princeton Settles With Robertson

The details of the suit are not entirely clear from early reports, but the 6-year suit between the Robertson family and Princeton over the alleged misuse of their endowment has come to and end in a settlement. Princeton is providing $40 million to pay the legal fees of the Robertson family, establishing a $50 million foundation to prepare students for government service, and has pledged to dedicate the remaining funds to the support of the Woodrow Wilson school. The endowment will be dissolved, and replaced by a new university-controlled foundation (for fears about that, read our piece from last year) but substantively it looks like a victory for the Robertson family's contentions about how the money was being used.

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