After months of uncertainty about the future of the Corcoran Gallery of Art in Washington, DC, the Corcoran’s Trustee’s filed a petition on June 17, 2014 for cy pres—to revise the terms of the trust that administers the museum and the Corcoran College of Art + Design. The Corcoran’s financial condition, they argue, make the current situation untenable and in the long run impossible, to sustain. The petition proposes an arrangement with the National Gallery of Art (NGA) for the bulk of the artwork, and with George Washington University (GW) for the college functions, all to sustain the mission of the trust “as nearly as possible.”
Corcoran Cy Pres Petition Challenged by Students, Staff and Community Group. Will “Save the Corcoran” Be Another “Friends of the Barnes” Case?
Posted by
Nicholas O'Donnell on July 8, 2014 at 10:52 AM
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Topics: Frank Gehry, Deaccession, National Gallery of Art, William Corcoran, George Washington University, Philadelphia, Rule 24, Renwick Building, Cy Pres, Washington DC, Flagg Building, Corcoran College of Art + Design, William Flagg, Trusts, Museums, Friends of the Barnes, Corcoran Gallery of Art, intervention, Senator William Clark, Barnes Foundation
