Teachers College v. Goldstein

The declaratory judgment should be affirmed, except that the application of the cy pres doctrine should be confined to the disposition of the school building and land. In view of the comprehensive opinion of the trial court, it is not necessary to restate the facts, or to discuss anything but the cy pres rule and the question of the real property.

The trial court correctly held that the trustees of Teachers College were empowered, by the language of the grants, to apply the income from the $3,000,000 endowment fund to the uses of the Horace Mann-Lincoln Institute of School Experimentation,…