Ethics Training Needed at Princeton
University funds diverted:
The president of Princeton University has admitted in court documents that $750,000 earmarked by a foundation for the Woodrow Wilson School of Public and International Affairs was diverted to other uses and that she kept the diversion secret from the family who had donated the funds.
"Colleges and universities are watching the Princeton case closely, said Rae Goldsmith of The Council for Advancement and Support of Education, a professional association for educational fund-raising in Washington, D.C.
'Usually, a donor wants to give to a particular building or program,' Goldsmith said. 'A key to the donor relationship is stewardship' and in 'multigenerational gifts, paying attention to communication.'"
The president of Princeton University has admitted in court documents that $750,000 earmarked by a foundation for the Woodrow Wilson School of Public and International Affairs was diverted to other uses and that she kept the diversion secret from the family who had donated the funds.
"Colleges and universities are watching the Princeton case closely, said Rae Goldsmith of The Council for Advancement and Support of Education, a professional association for educational fund-raising in Washington, D.C.
'Usually, a donor wants to give to a particular building or program,' Goldsmith said. 'A key to the donor relationship is stewardship' and in 'multigenerational gifts, paying attention to communication.'"
posted by Marc Meola at Friday, February 10, 2006
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