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News Briefing: Princeton Settles Money Battle Over Gift

By Kate Golden on December 11, 2008No Comment
  • Princeton reaches a settlement with heirs to the A&P grocery fortune over a gift donated in 1961.  [New York Times]
  • Frank Batten donates up to $70 million to Culver Academies, the military boarding school he attended in Indiana.  [The Virginian-Pilot]
  • Wealthy families use mission statements to set goals in their family foundations.  [Wall Street Journal]
  • National Public Radio is cutting 7% of its work force due to an unexpected revenue shortfall.  [New York Times]
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