Thursday, April 23, 2009

New Unrest on Campus as Donors Rebel - WSJ.com

New Unrest on Campus as Donors Rebel - WSJ.com: "HARTFORD, Conn. -- Financially strapped colleges are angering their benefactors by selling school radio stations, auctioning Georgia O'Keeffe paintings and dipping into endowments for purposes their donors may not have intended.

In one previously undisclosed fight, Trinity College in Connecticut is facing government scrutiny for its plan to spend part of a $9 million endowment from Wall Street investing legend Shelby Cullom Davis."

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