Princetonvsrobertson Family
Princeton University vs. Robertson Family
Contributions are a major source of support for many private not-for-profits. FASB SFAS 116 defines contributions as unconditional transfers of cash or other resources to an entity in a voluntary nonreciprocal transaction. Some contributions are considered restricted contributions. Restricted contributions specify how the contributions are expected to be used and are recognized as increases in either temporarily restricted assets or permanently restricted net assets when the promise is received. In the case of the Robertson Family vs. Princeton University, Princeton University is being sued for misuse of donations made by the Robertson family.
In 1961, Marie Robertson, wife of Charles Robertson, Princeton Class of 1926, made a donation to Princeton in the form of $35 million of shares in The Great Atlantic and Pacific Tea company to expand and support the graduate program at the Woodrow Wilson School of Public and International......
View the rest of this paper...
Approximate Word Count: 747
Approximate Pages: 3 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Princetonvsrobertson Family
PrincetonvsRobertson family. Princeton University vs. Robertson Family Contributions
are a major source of support for many private not-for-profits. ...
Frat Files
Members
Information
