A federal District Court in Minnesota has dismissed a suit by an alumnus of St. John’s University seeking to recover a gift he claimed was “mishandled” in the University’s endowment fund. Roger Lindmark complained about gifts to the “Lindmark Endowment for Corporate-Business Ethics” that he had arranged in settlement of lawsuits he had brought against corporate defendants. He had executed a “gift instrument” with the University to establish a summer undergraduate research fellowship for the study of corporate business ethics. The agreement said it would be governed by Minnesota’s Uniform Prudent Management of Institutional Funds Act (“UPMIFA”). Lindmark complained that the endowment failed...