Carl J. Herzog Foundation, Inc. v. University of Bridgeport
Connecticut Supreme Court
699 A.2d 995 (1997)
Relevant factsFree
The Carl J. Herzog Foundation (Foundation) (plaintiff) gave the University of Bridgeport (University) (defendant) a 1986 gift restricted to funding nursing scholarships, without retaining any reversionary interest; when the University closed its nursing school in 1991 and absorbed the gift funds into its general endowment, the Foundation sued to compel the University to either reestablish the scholarships or transfer the funds to another entity able to administer them.
IssueFree
Whether a donor has standing to enforce the terms of its charitable gift if the donor did not retain a reversionary interest in that charitable gift.