Friday, December 03, 2004 "Big bucks and caveats

CALL it philanthropy's version of the pre-nuptial agreement. Colleges and universities are into fund-raising like never before, and like some marriages that go bad, donor and recipient sometimes disagree on the original intent of the gift.
Now, increasingly savvy and insistent donors are getting their deals down in writing, insisting that the institutions they give to use the money as they intended.
This new attention to detail is due in part to legal entanglements like that of wealthy donor Paul Glenn, who said the University of Southern California had fraudulently used his $1.6 million gift for biological research on aging. Mr. Glenn, who sued USC four years ago, settled the case this year."

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