Word: forester
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HARVARD'S MOST RECENT proposal, offered last spring after some compromise, is to sell the forest to Golden for $400,000. Golden would form an "educational consortium" of about a dozen schools to use the forest for research. Harvard would then leave that $400,000 in a permanent endowment to remain associated with Black Rock, but would keep the $2.5 million to support Petersham operations...
...Attorney General's office, which has received testimony from people on all sides of the issue and has claimed to honor the terms of the original charitable trust, late last summer proposed that Harvard leave a total of $900,000 with the forest, according to Pamela Mann, an assistant attorney general in charge of charitable trusts...
Harvard rejected that offer, instead saying that $400,000 is an adequate amount to maintain the forest for silviculture...
...since the summer, Mann said, "We think we are getting closer to a compromise position. The donor had clearly wanted there to be a stream of income for the forest, and we had to weigh that against Harvard taking the endowment. There is a cut-off point, but I don't know what it is. That's why we're trying to compromise. The parties disagree, but we are making some progress...
...President and General Counsel Daniel Steiner '54, Harvard's point man on Black Rock, said this week that he is still waiting for a new offer from Mann. In the past, he has said Harvard "is not inclined" to leave more than the $400,000 sale money with the forest, but he said he would consider any future offers...