Gifted Harvard properties sold

Two properties that were donated to Harvard apparently for use by faculty members, have been sold. Because they were donated for the specific purposes, the University needed approval from the Maine attorney general before they could be sold. Without seeing the actual deeds, it is impossible to say if the sales were in line with the donor’s intent. But apparently the proceeds of the sales are to be used for purposes benefiting faculty.

In the case involving the Kendall estate in Maine, Harvard asked the Maine attorney general in January 2007 to allow it to sell the property, stating in court papers that the house needed “major capital repairs” and that the island’s remote location would force the school to pay an “exorbitant” amount of money for repair work that “far outweighs the income generated by the endowed maintenance fund.”

Maine’s attorney general raised no objection to the Kendall sale, and a judge approved the request on Jan. 23, 2007, 15 days after Harvard’s petition was filed.

Linda Conti, the assistant attorney general who handled the case, said in a phone interview that she made her decision based on the facts in Harvard’s petition. There was no hearing.

Boston Globe

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