I haven't been following the Corcoran "cy pres" story very closely, and have one foot out the door to a week's vacation, but I have noticed that the usual hall monitors are Very Upset. And what is it they're wringing their hands about this time? Here's Randy Kennedy's summary of the current plan:
"Under the deal announced in May, ... the defunct Corcoran would cede its collection of more than 17,000 pieces ... to the National Gallery, its much larger neighbor. The National Gallery would preserve a 'Legacy Gallery' within the Corcoran’s building on 17th Street, a block from the White House, and organize its own exhibitions of modern and contemporary art there. The much-admired building would become the property of George Washington University, which would use it for classes for students of the Corcoran College of Art + Design."
Oh, the horror.