Princeton, heirs reach settlement
Princeton University will pay nearly $100 million but maintain control of a much-larger endowment that supports its school of public affairs, under a settlement between the school and disgruntled heirs of a major donor.
The 6-year-old case pitted heirs of Charles and Marie Robertson, who held the A&P; grocery fortune, against the university. In dispute was a 1961 gift of $35 million, which grew to $900 million, to support Princeton’s Woodrow Wilson School of Public and International Affairs.
The heirs argued the money was intended only to prepare students for U.S. government employment. Princeton maintained it could be spent preparing students for a wider range of public service careers.
The settlement was announced Tuesday.
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