The Institute’s statutes permitted abandoning institutional form while keeping its funds.

Evidence

In Horkheimer’s view, it was possible to meet the requirements of the Weil Foundation’s statutes without actually having an institute. As an extreme measure, he imagined transforming the Institute `into a foundation offering four or five private research contracts … Running an institute is by no means required by the Foundation’s statutes. On the contrary, it is purely a matter of promoting social theory.’ — Rolf Wiggershaus, The Frankfurt School, 283

Categorization

• DEFINE: Clarifies the legal distinction between the Weil Foundation (the money) and the Institute (the institutional form) that Horkheimer leveraged.
• XREF: connects to: Institute members advanced their books as currency for exit from the Institute. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 285; Institutions can be justified without endorsement of their current form
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Institute members advanced their books as currency for exit from the Institute. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 285; Institutions can be justified without endorsement of their current form