Word: outdatedness
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Trying to access these funds for cur-rent use is often a headache for Harvard's financial braintrust, and one of the main tasks of Development Office staff is to prevent the possibility that current gifts may become outdated.
These professorships and scholarships, even when outdated, are not always as easily changed as the Zalaznick chair of Holocaust Studies was last week.
University Attorney Frank J. Connors says when the gifts become outdated, Harvard must sometimes resort to legal recourse to rechannel the funds. It usually means a court appearance known as a Cy Pres hearing.
A final modern trump card has evolved for development officers seeking to avoid the Newsboy scholarships of their day. Nearly all large gifts to Harvard are now made with the stipulation that Harvard may shift the funds away from the intended use if that purpose becomes outdated.
Yet Art may prove that the joke isn't so outdated after all. The play, in fact, is much like the painting onstage. It's slickly rendered; it's got the critics' imprimatur; and if you stare at it long enough, you can imagine all sorts of shadings and hidden...