The Mount Receives $750,000 Gift

The Mount, the historic Massachusetts home of author Edith Wharton, is slowly struggling out from under a mountain of debt with the help of a new restructuring plan. The home received a $750,000 gift from The Alice M. Kaplan Memorial Reserve,. A new plan will cut the Mount's funded debt almost in half to $4.7 million. The estate is planning a summer festival as well as an expanded program of workshops and lectures.