Silver Lining founder eyes the future
Andrea Jaeger, creator of the Silver Lining Ranch foundation in Aspen, confirmed this week that her 6.4-acre Silver Lining Ranch property in Aspen is on the market.The Aspen Times first publicized the sale of the property on Tuesday. The property is listed for $25 million.Jaeger, said around 5 a.m. Tuesday that she is traveling extensively these days in an effort to set up a large endowment to enable her to continue to work on behalf of kids with cancer and other life-threatening diseases.
“We just want to be able to maintain the commitment to these kids,” she said in a taped message, speaking of her foundation and other pursuits. She added that her decision to sell the ranch was for both economic and practical considerations.For one thing, she said, she is trying to raise seed money for a $55 million endowment for the foundation’s work, adding that at this point she has exactly no money in the endowment fund. She said she had some $10 million in pledge commitments that were “lost” in the economic slump in the aftermath of the 9/11 attacks on New York and Washington, D.C.Hurricane Katrina washed away another $8 million in pledge commitments for the endowment fund, she said.But she is still working on establishing the endowment, and the proceeds of the sale of the Aspen property “will help us get it together.”
She also said she has been working in the Durango area for some time, having established the Little Star Foundation there, in the town of Hesperus east of Durango, originally as a satellite facility to the Silver Lining Ranch in Aspen.Given the economic realities of the two places, however, she soon concluded that her work would be easier to accomplish with a full-time base of operations at Little Star, although she still hopes to bring kids to Aspen as one of her programs. She said the Little Star Foundation has begun a three-part construction program on land it owns there, and that the first phase is just about complete.”Obviously, God’s entrusted us to help the kids,” she said. “We are continuing.”
Jaeger, 46, is a former tennis star sidelined by injuries in the 1980s, by which time she already had developed an intensive interest in helping children with terminal diseases.Starting in 1992, according to a 1998 profile in Reader’s Digest, she began shuttling groups of children afflicted with cancer and other life-threatening illnesses to Aspen to have fun and forget their worries as much as possible.That, Jaeger said in her phone message, has expanded to the point where “we’re 24/7, 365 days a year” working on a variety of projects that range from providing college scholarships to the survivors she has worked with, to setting up long-term care arrangements for some 1,200 youngsters, and establishing family retreats that offer a getaway for family members and the stricken kids.John Colson’s e-mail address is email@example.com
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The town of Basalt is working on an update to its 2007 master plan. The document will be a blueprint for how and where the town will grow. But the family that has owned a 180-acre ranch at the edge of town for nearly 60 years objected Tuesday to the document’s parameters for its property.