December 10, 2008

PRINCETON SETTLES with the Robertson family. “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 . . . but substantively it looks like a victory for the Robertson family’s contentions about how the money was being used.”

UPDATE: More, from Fausta Wertz.

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