It is sad that the University of Southern Maine has again not been able to make use of another gift that my family gave – and which, at the time of the gift, they apparently really wanted.
However, what is important to note is that this paper’s June 24 article (“USM to sell Stone House in Freeport to cut costs”) had a factual mistake. It stated that “the Smiths made no stipulations regarding any future use of Stone House . . .” That is wrong.
On Page 6 of the 1985 agreement regarding the gifts of Wolfe’s Neck Farm and the Stone House, it is stipulated the Wolfe’s Neck Farm Foundation board of directors has the authority to direct the disposition of both gifts if USM cannot continue to fulfill the agreement re: the Farm and the Main (Stone) House:
“If at any time in the future the operation of the Main House as a conference center and retreat as contemplated by this agreement cannot be continued, the Board of Directors of the Foundation shall direct the appropriate disposition of the Main House (including a sale to private owners as one possible disposition) consistent with the spirit of this Agreement.”
Thus, the future of the Stone House also lies with the board of the Wolfe’s Neck Farm Foundation.
Sallie Smith
Freeport
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