Ex-Princeton donors announce new foundation to give scholarships at variety of universities
By APTuesday, March 23, 2010
Donors who sued Princeton announce new foundation
PRINCETON, N.J. — A foundation formed in the aftermath of a legal settlement between Princeton University and disgruntled donors says it will fund scholarships for students planning careers in federal government service.
The Robertson Foundation for Government says its scholarships won’t be limited to graduate students at any one university.
Princeton received $35 million in 1961 for the training of government employees from Charles and Marie Robertson, who held the A&P grocery fortune. But the family came to believe the Ivy League school was not carrying out its intent and sued.
They settled in December 2008. The university kept some $600 million from the original gift but agreed to give about $60 million back to the family over a decade to start the new foundation.
