When Giving Is Frustrated: The Application of Cy Pres to Charitable Trusts

By: Jennifer Hillman In the past, I've written about non-economical trusts and the procedure under NY EPTL 7-1.19 whereby a court may terminate a trust if it is economically impracticable for the trust to continue. When the trust is charitable in nature, cy pres or "as near as possible"...