After a two-year legal battle over the estate of a wealthy Baltimore County alumnus, Dickinson College - a small, private liberal arts college in central Pennsylvania - will receive the largest charitable gift in its 220-year history, college President William G. Durden announced this week.
Durden said the college will receive a multimillion-dollar gift as a result of the settlement of a lawsuit it filed in 2001 in Florida.
The suit accused two Baltimore lawyers of persuading alumnus Robert A. Waidner to alter his will to benefit them and nonprofit institutions with which they were associated, Baltimore Symphony Orchestra and Greater Baltimore Medical Center.
Under the settlement, the former Riderwood resident's wealth will remain with his family until the death of his widow.
Settlement papers filed in Baltimore estimated that if the estate's value stabilized at $20 million, Dickinson would get $2.5 million every five years, GBMC would get $1.25 million, and the BSO and charities would share a smaller amount.
After 25 years, the fund would be dissolved and the remainder divided, with the college getting 50 percent, GBMC 25 percent and the BSO 15 percent.
The Associated Press contributed to this article.