Donor gives Mount $300K

edithwharton.org
  • No tags were found...

Donor gives Mount 300K - The Mount

Donor gives Mount $300K - Berkshire Eagle Online

1/18/11 7:19 PM

How to keep your

PC clean and quick

Cruise specials

for those 55 or

older

Feeling down?

How to relieve

stress and live

happier

Weather:

PITTSFIELD, MA | Now: 32ºF | High: 29ºF | Low: 15ºF | 5-Day Forecast

Media Kit MediaOne Card Mobile Electronic Edition Subscribe

This Site

Web Search powered by YAHOO! SEARCH

Home News Sports Opinion Business Entertainment Obits Lifestyles Social Special Sections Real Estate Jobs Classifieds

Autos

Donor gives Mount $300K

Berkshire Eagle Staff

Updated: 01/15/2011 10:33:22 PM EST

Sunday January 16, 2011

LENOX -- Thanks to a surprise $300,000 gift from an anonymous Berkshire County benefactor, the pressure has eased

slightly for The Mount to meet a May 31 deadline for payments of $1 million to two major creditors, primarily Berkshire

Bank.

More News

Wintry mix creating a 'mess' in Berkshires

Man charged with sixth drunken driving offense

Councilor Ward says he won't seek another term

Wednesday high school sports schedule snowed out

Local man's 'relief' appearance on 'World's Dumbest

Criminals'

The Friday-afternoon announcement by Susan Wissler, executive director of the Edith Wharton Restoration, credited

recent news coverage of the nonprofit organization's plight for helping attract new support.

If fundraising can continue at its current pace, she added, most of the $300,000 can go toward paying down debt, while

the rest covers operating expenses. "But we can't sit back on our haunches, we have to keep raising money," she

emphasized.

What Wissler described as a "pretty ambitious fundraising target" of $50,000 to $100,000 a month is necessary following

a two-month, year-end appeal that drew $350,000, including more than $150,000 from members of the Board of

Trustees.

The Mount continues discussions with prospective new lenders or a partner to share the historic site and cultural center.

"But we're not dependent on finding that partner imminently, there's not as much urgency," said Wissler.

The donor wrote a letter to Wissler last week expressing appreciation for her "candid appraisal and openness" in the

Eagle's article last week but also voicing concern over the $1 million principal repayment The Mount faces in May.

In a subsequent conversation, Wissler said,

Advertisement

the donor cited "her great admiration for Edith Wharton's

writings and many other accomplishments and her deep

love of The Mount, which she regards as a national

treasure."

The Berkshire County donor also conveyed hope that

her gift will prompt others to step in.

Assuming the $1 million in repayments are made by

May 31, the organization must pay $4.2 million to retire

its remaining debts in May 2014, unless an investor or

partner can be brought in to take over the financial

obligations.

"While financial challenges remain," Wissler said, "the

positive momentum is undeniably building. This major

gift is another proof that we are headed in the right

direction."

While the famed author's estate, a National Historic

Landmark, remains available for private tours during the

winter, the prime season for an average of 30,000

annual visitors is six months long, beginning in May.

Meanwhile, the organization focuses on the annual Edith

Wharton Writing Competition and two scheduled poetry workshops in March.

RENTALS STUFF AUTOS JOBS

TOYOTA 1984...

CHRYSLER SEBRING...

TWO 4...

HARLEY DAVIDSON...

MAZDA 4X4...

BUICK CENTURY...

CHEVY SUBURBAN...

FORD F150...

HONDA 2001...

ALL LISTINGS

We investigated work at

home jobs and what we

found will shock you... Read

On...

Your agent hates this. Obey

this one rule to get cheap

auto insurance Read On...

Massachusetts $160,000

Mortgage $434/mo. No SSN

reqd. Get A Free… Read

On...

Lose 12 Pounds of Fat

Every 28 Days. Amazing

New Discovery! Read On...

Advertisement

Print Email Font Resize Return to Top

Welcome to your discussion forum: Sign in with a Disqus account or your social

networking account for your comment to be posted immediately, provided it meets the

guidelines. (READ HOW.) Comments made here are the sole responsibility of the

person posting them; these comments do not reflect the opinion of The Berkshire

Eagle. So keep it civil.

http://www.berkshireeagle.com/ci_17108677?IADID=Search-www.berkshireeagle.com-www.berkshireeagle.com

Page 1 of 4


Donor gives Mount $300K - Berkshire Eagle Online

1/18/11 7:19 PM

Add New Comment

Optional: Login below.

Type your comment here.

Post as …

Showing 1 comments

Sort by Newest first Subscribe by email Subscribe by RSS

guest 01/16/2011 07:48 AM

Although you mention the poetry workshop and writing competition at the end of the article, people may not realize

that an active educational and cultural program continues at The Mount. The organization has a strong focus on

helping local teachers to teach writing, and encouraging Berkshire area students to produce fine prose and poetry. I

believe Mrs. Wharton would be proud that such useful and soul-nurturing work is conducted under her banner.

Like

Reply

Trackback URL http://disqus.com/forums/theberkshireeagle/thread_3956/trackback/

People

Recent

Popular

Recent Comments

DebraN this come back was sad.... 2 years later.. they

should have picked up right from when Melanie got married....who

waits two years to have the baby tested.. if there were doubts?? and

what did happen...

http://www.berkshireeagle.com/entertainment/ci_17101870 · 44 minutes

ago

norman_bates A lot of blighted apartments are the work of

the tenants and these are the same alleged people who get away with

not paying the rent as they destroy the place as fast as it can be

prepared. What...

http://www.berkshireeagle.com/ci_17122497 · 3 hours ago

http://www.berkshireeagle.com/ci_17108677?IADID=Search-www.berkshireeagle.com-www.berkshireeagle.com

Page 2 of 4


Donor gives Mount $300K - Berkshire Eagle Online

1/18/11 7:19 PM

Aaron Smith actually studies show that eating with a

smaller utensil does in fact make you eat slower which in turn makes

you eat less thus decreasing your calorie intake resulting in weight

loss. I bet Rosie...

http://www.berkshireeagle.com/editorials/ci_17108671 · 3 hours ago

Aaron Smith what does that mean?

http://www.berkshireeagle.com/editorials/ci_17108671 · 3 hours ago

Aaron Smith Don't worry it's not at the expense of the tax

payer well it is but just the one who are naughty.

http://www.berkshireeagle.com/ci_17122485 · 3 hours ago

Refi Rates at 2.87%

Lower Rates Than Govt Refi Programs &

Easy Approvals-Get a

LendGo.com/RefinanceRates

Buffett Confession

5 Principles Buffett has used to amass

Billions - Free

hiddenvaluesalert.com

Warren Buffett System

Download the step-by-step guide to

investing just like

www.BuffettSystem.com

Ads by Yahoo!

About Our Ads | Copyright Notice | Privacy Policy | Contact Us | Subscriber Services | Site Map | Advertise | RSS

Town Profiles | Pearl Scholarship | Media Partners: CBS 6 Albany WAMC

MNGi Corporate Site Map | Weather Data CustomWeather, Inc |

75 South Church Street | P.O.Box 1171 | Pittsfield, MA 01202 | (413) 447-7311

© Copyright 2011

Media News group

http://www.berkshireeagle.com/ci_17108677?IADID=Search-www.berkshireeagle.com-www.berkshireeagle.com

Page 3 of 4


Donor gives Mount $300K - Berkshire Eagle Online

1/18/11 7:19 PM

http://www.berkshireeagle.com/ci_17108677?IADID=Search-www.berkshireeagle.com-www.berkshireeagle.com

Page 4 of 4

More magazines by this user
Similar magazines