WSJ: "A Prenup for Donors" colleges making it tougher for philanthropists to renege

<p>I would think the WSJ article on universities' perceived need for "pre-nups" when it comes to large philanthropic donations must have quite a lot to do with this news story covered by the NYT and MSNBC:</p>

<p>"Clash over donation to Princeton heads to court
Family of 1961 donors seeks to revoke gift in closely watched lawsuit"</p>

<p>"The children of a couple who in 1961 made one of the biggest donations in the history of academia to Princeton University say in a lawsuit closely watched by charities and conservative activists that the school is misusing the money and should give it back.</p>

<p>Lawyers for the Robertson family and the university were due in state Superior Court on Tuesday to start two days of legal arguments hashing out the parameters of a trial that is likely at least several months — and maybe years — away.</p>

<p>Among the seven legal motions to be argued are whether a judge or jury should decide the facts in a trial and whether Princeton should return more than $200 million the family claims was inappropriately used by the university...</p>

<p>While the lawsuit as a whole could reverberate throughout the nonprofit world, the arguments scheduled for Tuesday and Wednesday are largely technical, delving into tax laws, complicated accounting formulas and the governance of the Princeton-controlled board that controls the Robertson Foundation and the relationship between that foundation and the university.</p>

<p>Princeton is seeking to be recognized as the sole beneficiary of the gift so the money could not be granted to other institutions."</p>

<p><a href="http://207.46.245.33/id/15925917/%5B/url%5D"&gt;http://207.46.245.33/id/15925917/&lt;/a&gt;&lt;/p>

<p>and
<a href="http://www.nytimes.com/aponline/us/AP-Donors-v-Princeton.html?_r=1&oref=slogin%5B/url%5D"&gt;http://www.nytimes.com/aponline/us/AP-Donors-v-Princeton.html?_r=1&oref=slogin&lt;/a&gt;&lt;/p>

<p><a href="http://www.princeton.edu/main/news/robertson/%5B/url%5D"&gt;http://www.princeton.edu/main/news/robertson/&lt;/a&gt;&lt;/p>