WASHINGTON -- In January 2010, as newly elected New Jersey Gov. Chris Christie (R) took office, there was a major change at the top of the Drumthwacket Foundation, a nonprofit that has restored and helps maintain the majestic, white-columned governor's mansion in Princeton, N.J.
John Strangfeld, the chairman of insurance giant Prudential, and his wife, Mary Kay Strangfeld, volunteered to serve in the top two positions on the foundation's board. They were elected chairman and vice chairman, respectively, by the rest of the board that same month.
The posts may have appeared largely ceremonial. But within the Christie universe, they were significant. The governor and his family don't live at the mansion, but the first couple is invested in its restoration and upkeep. In 2012, Chris and Mary Pat Christie hosted 72 events there, or about one every five days. The governor is the honorary chairman of the Drumthwacket Foundation. His wife is the president.
The Strangfelds, in turn, played the role of fundraiser. Behind the scenes, they helped raise money from other donors to ensure the foundation's success, and they were good at it. Prudential itself has given gifts totaling at least $150,000 over the last several years.
In November 2011, as the foundation's revenues skyrocketed, the Christie administration awarded Prudential a record-setting $250 million tax incentive to move its Newark headquarters a few blocks down the street, to a shiny new glass office tower. more
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