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Wall Street Journal spotlights donor intent
ACTA president Anne D. Neal and ACTA Leadership Society member Diana Davis Spencer are featured in an excellent story on the front page of today's Wall Street Journal. As Anne points out there, the recent settlement of the Robertson family's donor-intent lawsuit against Princeton University has proven a wake-up call to many donors to colleges and universities. And as we pointed out at the time of the settlement, that's not all:
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.
The tale related by Diana Spencer and others in the Journal story is just one more reason why these proactive steps by boards are sorely needed.
Posted by Charles Mitchell on April 23, 2009 at April 23, 2009 09:38 AM
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