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The truly sad part is that there wasn't a portion of the inheritance earmarked for an endowment to keep the museum going. I've heard from unreliable sources th
by caust1c 2y ago
The truly sad part is that there wasn't a portion of the inheritance earmarked for an endowment to keep the museum going. I've heard from unreliable sources that Paul might have assumed this would happen via the executors of his will but the executors decided otherwise. :(
An endowment of 200M at a pittance 6% interest rate would more than cover the costs of running the museum, but they probably wouldn't have even needed that much after working on figuring out how to make it generate a bit more revenue.
I'm sad that I never got to attend, but would have easily paid close to $100 to visit.
- walrus01 2y agoHe had plenty of opportunity and skilled legal advisors to set up trusts and endowments years before his demise and chose not to. Exactly why, nobody really knows for sure. On the topic of making a bit more revenue, one of the interesting things about the Museum of Flight is that you can rent its grand gallery/main hall for high budget private events with catering. It's not cheap, but if you're having some kind of grand corporate party or high-budget wedding or something, it's a very unique facility. Their catering contractors can set up tables and chairs all around the empty walking space in the main hall. https://www.museumofflight.org/visit/private-events/ https://www.museumofflight.org/visit/private-events/
- themadturk 2y agoMy employer had a Christmas party at the Museum of Flight pre-pandemic. I didn't attend, but people who were there still rave about the great time they had.
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