September 21, 2005 Source: Queen's University: http://qnc.queensu.ca/story_loader.php?id=4331ade32a459 Statement of Queen’s University After careful consideration, the Board of Trustees at Queen’s University has, with regret, decided to return all monies received in relation to a gift pledge from Mr. David Radler and to remove the Radler name from a wing of its School of Business and from Queen’s Benefactor Wall. The University is taking these steps in light of developments which saw Mr. Radler enter a plea of guilty to fraud in a U.S. federal court. The gift pledge of $1 million (of which $915,180 has been received by the University) was to the Goodes Hall building fund. It involved donations from Mr. Radler and from a number of corporate newspaper organizations with which he has been associated. The University plans to take immediate steps to return all monies to these donors. This has been a difficult and carefully considered decision by the University. This gift was given and received in good faith by the University and in accordance with approved parameters of its Gift Acceptance Policy and used according to the intended philanthropic purpose. The quality of Queen’s learning and research environment depends heavily on the generosity and support of our alumni and other supporters. We feel in this case, however, that the integrity of this gift to the University has been compromised. These actions by the University are in keeping with our policies and with our primary commitment to act in the best interest of our students, our alumni, other members of the Queen’s community, our donors, and the general public. This decision was made after considerable reflection upon the most appropriate course of action given the circumstances. Queen’s University very much regrets having to take this action. For further information please contact Therese Greenwood, Manager of News and Media Services, at 613 533 6907 or Sarah Withrow, Communications Officer, 613 533 3280. | 