Windfall Or White Elephant? Great American Songbook Foundation Gets A Huge Donation It May Not Be Able To Afford

“The Great American Songbook Foundation is around 10 years old and has an annual budget of less than $1 million, so accepting the donation of the $30 million Asherwood Estate is … well, complicated.” The gift isn’t cash: it’s an actual estate with mansion, pool and golf course – and there are restrictive covenants attached to the property that will complicate a sale.