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by dsand
718 days ago
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There are no heirs for LCM. Allen's will specified what do to in particular with a few of his many assets. But for all the rest, he wrote to sell it all, and donate the raised money to charities. So the will's executor (his sister) does not have the latitude to divert some assets to other outcomes. LCM was never self-sustaining via tickets. It always needed yearly infusions of cash from Allen. Re-opening it as it was would require similar levels of cash to burn. I wish that Allen had loved the LCM enough to design an endowment to keep it going, and had specified in the will how to treat LCM specially. But he did not. What he wanted instead for his legacy, was large cash donations to various charities. |
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By and large, museums need to cover their operating costs and apparently this one didn't.