ACTA's Must-Reads
« The times, they are a'changin' | Main | The Kerrey case: Trustees must defend strong leaders »
ACTA statement on Robertson v. Princeton
ACTA president Anne D. Neal, co-author of The Intelligent Donor's Guide to College Giving, today issued the following statement regarding the settlement of the Robertson family donor-intent lawsuit against Princeton University:
Today's news from Princeton University is a wake-up call for college trustees across the country. As fiduciaries, they must make certain their institutions do not find themselves in the same position as Princeton -- paying out a hefty settlement after years of litigation and embarrassing discovery.This news should also send a message to alumni, who support our universities so generously. Alumni must take care to craft good donor agreements and see that the institutions they love so much honor their terms.
Especially in these challenging times, alumni support can be the lifeblood of higher education. That's why our colleges and universities -- starting with those in charge, the trustees -- must take proactive steps to make sure they are living up to their obligations to donors. This is a key part of ensuring a quality education.
Posted by Charles Mitchell on December 10, 2008 at December 10, 2008 02:38 PM
Trackback Pings
TrackBack URL for this entry:
http://www.goactablog.org/blog/mt-tb.cgi/519