Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / cy-pres-equitable-deviation-research-memo.docx
cy-pres-equitable-deviation-research-memo.docx
Parties
M. Garner
California Nonprofit Public Benefit Corp
Harkness LLP
Solano LLP
California Corp
Pacific Health Corp
Dates
April 18, 2022
June 15, 2018
December 31, 2021
April 11, 2009
March 14, 2003
September 12, 2019
November 3, 2016
June 30, 2023
February 14, 2022
February 22, 2022
Amounts
$4,700,000
$1,700,000
$700,000
$1,000,000
$2,000,000
$28.3
$41.6
$14.2
$4.7
$62
Obligations
1 of the Gift Instrument (the exclusive-use restriction providing that "[t]he Grant Funds shall be used solely and exclusively for the establishment, operation, and support of the Bay Area Teacher Residency Initiative") and Section 7
2 (the reversion clause providing that "[i]n the event the Program is discontinued prior to the expiration of the Grant Period, any unexpended Grant Funds shall, at the election of Grantor, be returned to Grantor within ninety (90) days of written demand")
2 (Reversion Clause): "In the event the Program is discontinued prior to the expiration of the Grant Period, any unexpended Grant Funds shall, at the election of Grantor, be returned to Grantor within ninety (90) days of written demand
2 (Grant Period): "The Grant Period shall commence on the date of execution of this Agreement and shall expire on June 30, 2023
WGFT reiterates its position that the funds must be returned; EF reiterates its intention to seek judicial modification
The court shall apply the doctrine of cy pres to select an alternative purpose or beneficiary that is as close to the original charitable purpose as practicable