November 15, 2024
Archive

Snowe report

Sen. Olympia Snowe, R-Maine, chairwoman of the Senate Committee on Small Business and Entrepreneurship.

Earned income: $154,700.

Honoraria, all donated to charity: None.

Major assets: KeyBank accounts, $251,000-$515,000; Education Management Corp. stock, $250,001-$500,000; Old Westbury mutual funds, $182,000-$480,000; Maine State Housing Authority holdings, $100,001-$250,000; federal credit union accounts, $65,000-$150,000.

Major sources of unearned income: Interest on Maine State Housing Authority holdings, $2,501-$5,000; Interest on credit union accounts, $1,001-$2,500.

Major liabilities: None.

Gifts: Crystal obelisk from National Council of La Raza for work on improving the well-being of the nation’s children, valued at $300; crystal eagle from the Directors Guild of America for work on media ownership, valued at $354.

Narrative: Snowe is on the Headmaster’s Council of the Kents Hill School in Kents Hill, Maine; a member of the Profile in Courage Award Committee at the JFK Library Foundation; and a board member for The Jacob K. Javits Foundation.

Snowe’s husband, former Maine Gov. John R. McKernan Jr., reported earned income from six sources – salary from his consulting and investment firm, McKernan Enterprises; consulting fees from MBNA America Bank, C.F.H. Holdings Inc., and Jolly Gardener Products Inc.; salary, rent and stock options from Education Management Corp.; and rent from Cape Communication.

McKernan also listed assets that include Education Management Corp. stock options worth $5 million-$25 million, and a variety of stocks and mutual funds, some held by McKernan Enterprises.


Have feedback? Want to know more? Send us ideas for follow-up stories.

comments for this post are closed

You may also like