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concluded, as we have, that projected and foreseeable income is simply insufficient.

Our recommended course of action, therefore, is the only real alternative left to us.  It is to exercise the option presented in Mrs. Post's Last Will and Testament which provides:

[[blockquote]]
In the event. . . The Smithsonian Institution shall decline any portion of the property devised or bequeathed to its under Article Ninth (A) of my Will, or, having accepted all such property, shall fail to operate or at any time cease to operate 'Hillwood' as a nonprofit museum, all such property devised or bequeathed to said The Smithsonian Institution shall thereupon become the property of The Marjorie Merriweather Post Foundation of D.C.
[[/blockquote]]

Were the Post Foundation thus to receive title to Hillwood and its contents, the Foundation would be free to exercise any number of options with regard to Hillwood's ultimate disposition.  For example, the Foundation could choose to liquidate certain portions of the 24 acres of real estate not essential to the character of Hillwood, or certain portions of the collection of high monetary value but minimal scholarly interest (e.g. Mrs. Post's modern jewelry), in order to add additional cash to the assets available for generating operating income.  Such a course of action, if aided by the eventual transfer and sale of Mar-a-Lago, would result in an altogether more favorable financial situation.