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Heirs try to end huge grant
Washington Times ^ | 2/18/04 | Joyce Howard Price

Posted on 02/17/2004 11:03:28 PM PST by kattracks

Edited on 07/12/2004 4:13:25 PM PDT by Jim Robinson. [history]

An official of the American Foreign Service Association recently chided the heirs to a family fortune for wanting to end a Princeton University scholarship program founded by their parents to train future diplomats.

"The truth is the opposite," said one of the heirs to the A&P supermarket fortune, William Robertson, in a statement sent to Louise Crane in response to her criticism in a newsletter. Ms. Crane is the vice president of AFSA and represents State Department employees.


(Excerpt) Read more at washtimes.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: highereducation; princeton; scholarship

1 posted on 02/17/2004 11:03:28 PM PST by kattracks
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To: kattracks
Geeeze kattracks. Are you trying to set a new posting record tonight?

Wonder what Princeton University was doing with the cash. (Maybe I'd rather not know. Seriously).

2 posted on 02/17/2004 11:08:19 PM PST by concerned about politics ( Liberals are still stuck at the bottom of Maslow's Hierarchy)
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To: kattracks; rmlew
I wish more alumni did things like this.
3 posted on 02/17/2004 11:33:47 PM PST by Paleo Conservative (Do not remove this tag under penalty of law.)
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To: kattracks
Heirs try to end huge grant

I didn't read the article...But I can tell you right now, and without any regret that I'm GLAD they are getting of Huge Grant!!! He's a slimy little weasel who makes BAD chick flick movies!!!

4 posted on 02/17/2004 11:36:20 PM PST by Captainpaintball (Somebody's gotta say these things...It might as well be ME!!!)
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To: Captainpaintball
This could be vey series.
5 posted on 02/17/2004 11:39:29 PM PST by Paleo Conservative (Do not remove this tag under penalty of law.)
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To: kattracks
"The university has a lot of power," he said. "But it can't use assets for whatever it wants." Correct, but you can be damned sure that they will try.

Unbelievable, though, huh?

This underscores the true wealth of Theresa Heinz. Yes, her personal wealth is north of $600m. But her true wealth and power come from managing the Heinz billion dollar trust, giving money away year after year without much oversight or notice.
6 posted on 02/17/2004 11:39:45 PM PST by thegreatbeast (Quid lucrum istic mihi est?)
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To: thegreatbeast
giving money away year after year without much oversight or notice.

She relishes that power.

7 posted on 02/17/2004 11:41:36 PM PST by Paleo Conservative (Do not remove this tag under penalty of law.)
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To: thegreatbeast
Right, and here's where some of her $$$ goes.

Teresa Heinz Kerry: Financier of the Radical Left

8 posted on 02/17/2004 11:47:37 PM PST by kattracks
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Any comment from Hugh Grant?
9 posted on 02/17/2004 11:56:58 PM PST by Consort
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To: kattracks
The danger of donor's intent being ignored... Think of how Henry Ford is rolling over in his grave what with the actions of the Ford Foundation communists.

Better to establish a donor advised fund at Donors Trust and then direct gifts to good right-of-center non-profits and deserving organizations.

Princeton should be ashamed of itself -- besides this treatment of such a donation, I'm thinking about Paul Krugman and Peter Singer among many other abominations.
10 posted on 02/18/2004 3:47:27 AM PST by ReleaseTheHounds
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To: ReleaseTheHounds
Agreed, and well said.
11 posted on 02/18/2004 3:50:31 AM PST by Judith Anne (Send a message to the Democrat traitors--ROCKEFELLER MUST RESIGN!)
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