Woodrow Wilson School, Not R.I.P.

From the Chronicle: Princeton and Robertson Family Settle Titanic Donor-Intent Lawsuit

Princeton University and the heirs of a major donor to the institution have settled their bitter dispute over an endowment that supports the university’s Woodrow Wilson School of Public and International Affairs.

The endowment, known as the Robertson Foundation and worth more than $900-million as of June 30, will be dissolved, and Princeton will retain most of the funds in a new endowment controlled solely by the university. But the university will reimburse the Robertson family’s foundation, the Banbury Fund, for the $40-million it spent on legal fees in the case, and beginning in 2012, the university will transfer $50-million, plus interest, to a new foundation being established by the Robertsons to support the preparation of students for government service.

Big plus to Princeton. This one could have been bad.