Endowment Guide

Endowment Policy With just a few pointed questions, the Hillsborough Planning Board last night endorsed a zoning change to turn much of the Doris Duke Estate into a cultural, environmental, institutional and possibly hospitality preserve.

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Selling Endowment The board recommended the new designation for 1,235 acres, the "core" of the 2,704-acre property left by the late tobacco heiress to her Duke Farms Foundation for preservation and promotion of the arts and environment.

Sporting 1800's Sue Carr, (800) 9566, Clumber Park, the estate of the Duke of Newcastle. The foundation stock, it is said, was given to one of the English dukes in the mid 18th century by a French duke. The heavyset retriever became the favorite of several British kings who tended to be heavyset themselves. They couldn't keep up with faster Cockers, Springers and Field Spaniels but the steady plodding Clumber suited them fine.

Endowment Mis Selling Doing those tasks successfully means allowing the public into the area of gardens, private roads, waterfalls, a mansion house and fanciful barns, according to foundation representatives. And that, in turn, means raising revenue from the visitors.

You'd better find a way to pay it off.somehow. "The underlying premise with endowment policies being used to repay a mortgage is that the rate of growth of the investment will exceed the rate of interest charged on the loan. Towards the end of the 1980s when endowment mortgage selling was at its peak, the anticipated growth rate for endowments policies was high ( 12% per annum). By the middle of the 1990s the change in the economy towards lower inflation made the assumptions of a few years ago looks optimistic."

Selling Endowment Policy The zoning change would allow construction or reuse of existing buildings to provide the seminar and lecture areas, administrative offices and possibly overnight housing needed to run cultural events like the biannual Geraldine R. Dodge Foundation Poetry Festival, said Patrick Lerch.

The fun begins when Hubert, the faithful canine companion to the late Duke Of Dingwall, inherits the Duke's estate, the royal jewels, and the official title of Duke.

Endowment Fund The new zone will "provide for the increased public access envisioned in the mission of the foundation," he said.

Premiering on DVD, hearted family comedy that proves once and for all it's a dog's life. The fun begins when Hubert, the faithful canine companion to the late Duke Of Dingwall, inherits the Duke's estate, the royal jewels, and the official title of Duke. And to ensure Hubert' being, Charlotte, the butler's niece and Hubert's best friend, is made his legal guardian.

Lilly Endowment That could make Duke Farms the equal of other great estates now opened to the public, such as the Rockefeller property in Westchester County, N.Y., which even hosts United Nations events, or Shelburne Farms in Vermont, now home to a Mozart Festival, said Douglas Horn, a specialist in such conversions.

Endowment Mortgage Uk The Duke property "could be the last of the great American estates that becomes accessible to the public," he said.

Endowment Plan Mortgage Board Chairwoman Marian Fenwick-Freeman noted that local residents had many questions about the future of the property, the largest in Somerset County, when Duke died in 1993. But those have been answered well, she said.

Endowment Mortgage Complain "It is time to give Duke Farms the chance to implement their vision," she said.

Sell Endowment Board member Valerie Chaucer- Levine wondered why the new zoning would allow 60-foot-tall buildings, saying some residents "fear six-story buildings" will be erected there.

Endowment Mortgage But township planner Robert Ringelheim said 150-foot setbacks would push any such development "farther back onto the property" than elsewhere in town.

Endowment Funds Repeated statements by the Duke representatives that "no private commercial or residential development will be allowed" rankled board member Bill Pugh. He ticked off some of the facilities they listed as necessary for the public.

Sell Endowment Policy "A restaurant, cafe, gift center, overnight stay facility, visitors center, that's all commercial," he said, adding the "anything goes" zone would even permit a golf course.

College Endowment "The financial viability goes to the heart of the operation," Ringelheim said, saying that allowing revenue-producing events is a key to preserving the estate, much of which will remain in an agricultural zone.

Endowment Mortgage Plan Michael Merdinger added that the foundation would provide "a world-class situation" for the township. "I know that you're going to do the right thing" in the development of the property, he said.

Modified Endowment Contract By Joe Tyrrell
Star-Ledger - 3/26/2004

Topic: Less Sprawl

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