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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

Lincoln Center. But I argued yesterday that you aren't going to get more help from Lincoln Center unless the board is willing to do more than it has.

Q:

Financially?

Heiskell:

Financially. And so I said, “I suggest that we should try to get ten members of the board to put up, quote, hundred thousand dollar loans, unquote. Loans, quote, unquote. I.e., everybody knowing that the chances of those loans being repaid would be very poor.

Q:

So why phrase it in a loan instead of a donation? Tax consequences?

Heiskell:

No, it's just less painful.

Q:

Psychologically.

Heiskell:

Psychologically.

[laughter]

Heiskell:

Nothing else. If I say, “Give me a hundred thousand dollars.” You know, then you know it's gone. If I say, “Loan me a hundred thousand dollars for five years.” You say, “Oh, what the hell! What do I know about five years from now.”





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