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Reader comment on:
Battle Over Use of Donor Gift Could Cost Princeton $1.5 Billion

Submitted by Gary Packwood, Oct 26, 2007 17:53

I think it is important to note that these Millions/Billions of Dollars for Princeton are tax exempt Dollars and the interest earned annually ...is also tax exempt.

If Princeton does not wish to exercise fiduciary responsibility I would imagine that there are many charitable organizations who will come forward and offer to do so before the IRS seizes the nest egg and ends the dispute.


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Other reader comments on this article

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When a donor gives a gift to a university, they typically designate a specific purpose. I would expect, as I'm... [MORE]

Tracy

Nov 6, 2007 10:58

I think it is important to note that these Millions/Billions of Dollars for Princeton are tax exempt Dollars and the...

Gary Packwood

Oct 26, 2007 17:53

Comment on Battle Over Use of Donor Gift Could Cost Princeton $1.5 Billion

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