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To: lowbridge
decreed that other Kennedy family members who want to use the lawn or the pool and tennis courts will have to come to a rental agreement with the nonprofit.

more concerned with legacy than blood

guess that has always been apparent...I can think of other rich families I'd rather be born into

however...having a family vacation home that large and costly to maintain and with property taxes in the stratosphere it would be difficult to get everyone to pony up (been there done that)

a family trust to maintain the home for the next generations would have been nice but I bet Rose and Teddy were banking on the "historical" aspect too....liberals will flock there to bask in Camelot's faded glow

20 posted on 08/05/2012 8:47:24 AM PDT by wardaddy (this white hair don't cover up my redneck......)
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To: wardaddy

Wardaddy, The Kennedy’s faced the same problem you did... that’s why they rolled the property into a non profit. Nothing says it has to be open to the public during the summer season (or at all). Tax bills go away, just need to raise enough donations to cover maintenance & operating costs. You hire pro’s to apply for grants etc. Even if only your family “contributes” it’s now a tax deduction instead of an expense. You can even write off the milage when you drive down for the weekend to discuss “foundation business” while sitting on the beach.

Along these lines, Bill Clinton has not spent a penny of his own money since he left office. Some foundation or lobbying group is always picking up tab. Every meal, every flight, every hotel stay is on someone elses dime.


22 posted on 08/05/2012 11:37:17 AM PDT by lack-of-trust
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