Scrutiny of Trinity of Connecticut on Use of Gift

April 23, 2009

Trinity College, in Connecticut, is facing scrutiny from the state attorney general over its use of an endowment that was created by a donor for one purpose but that apparently was used for other programs as well, The Wall Street Journal reported. According to the article, the funds were designated for use for a business professorship and the donor specifically stated that he didn't want to give general discretion to the college to use the endowment income for other areas. The professor in the chair reported to the Connecticut attorney general that the funds were being used for other purposes -- and he says that Trinity officials criticized him for speaking out. Adding to the dispute is a claim by the professor that the college isn't supportive of the original gift's purpose because it supports work that is focused on free enterprise economics.

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