Reed Foundation, Inc. v. Franklin D. Roosevelt Four Freedoms Park, LLC

The Reed Foundation (plaintiff) provided a grant to Franklin D. Roosevelt Four Freedoms Park, LLC (defendant) to help develop a public park, under a contract requiring the LLC to carve specific commemorative text recognizing and honoring the Foundation, with an explicit provision entitling the Foundation to specific performance if the LLC breached; the LLC failed to carve the text by the contractual deadline, citing aesthetic concerns, and instead offered to refund the grant money. The Foundation sued for specific performance rather than accepting the refund.