Later on, he relocated to another city with the intention of pursuing a higher education. She says he was her soul mate, but she blew it and now she is scared that she has lost him forever.
Giovanni Agnelli Producer Net Worth - CharmCelebrity The suit claims that Gabetti, Grande Stevens, and Maron were to be accountable to Margherita, who demanded of them a complete listing of her fathers movables, real estate, bank deposits, stocks, investments in general, even the ones placed through foundations, trusts, and similar fiduciary trusts, as well as partnerships; the report has to be undersigned, completed in an analytical way, describing each source of income, with details about the actions taken in terms of management and with information pertaining to the historic evolution of the assets from January 24, 1993, forward. He adds that it goes back to the decision by Marella Agnelli to give her shares to John Elkann and the role Margherita believes the advisers had in manipulating that move. One of the most significant moves the Agnelli family made was investing in La Stampa, Italys largest newspaper. Your presence was not necessary, she says Grande Stevens answered. During this time, he overcame scandals and labour problems, such as in the Biennio Rosso. She says, Im not the daughter of this or the wife of that, or the relative of this or that.
After the bomb came the artillery. [39] The Agnellis have the club's majority shares since it was constituted as a private limited company under the legal entity of societ a responsabilit limitata in 1949,[2] and have been credited for much of the team's success and by extension in the development of football in Italy due an administrative gestion model and sporting ethos called by the country's mass media since the 1930s as Stile Juventus, or Juventus Style,[40][41] based in patience, consistency and a kind of effective and efficient long-term strategic planning unusual for the administrative model generally used in Italy, both of which the ownership is renowned for.
Giovanni Agnelli Producer Net Worth - Bologny [20] Gualino and Agnelli were also involved in a proposal to link Milan, Genoa, and Turin with a high-speed railway and in various projects in cement and automobiles. Gio Agnelli - her grandson is a film producer (Welcome to the Rileys, Twilight Saga?). Di Giulia Ajmone Marsan", "Nizza Cavalleria, suona l'ora dell'ultima carica", "The personal history of Giovanni 'Gianni' Agnelli", "Calcio. Come in, she says, opening the door of her large and imposing chteau on the shore of Lake Geneva. Business-wise, I never discussed things with him except in the later years, when my father asked me to go and ask him questions. He hasn't done much, according to IMDB. How do you get back at somebody? Indie Film Focus: 'Welcome to the Rileys' trailer on MovieJungle.com. Even more pressure was then brought to bear. Then several things happened, she says, that made mustard come out of my nosea French expression to indicate blistering anger. Did they tell you that Marella went off to stay in the Argentine with Suni, Giannis sisterthat she ran away and said shed ask for a divorce? asks Countess Marina Cicogna, a longtime friend of the Agnellis. His grandfather urged him to stay in Italy and work for Fiat so he wouldnt risk his life, but Agnelli was stubborn. The two fell in love and were married in 1953. Margheritas eldest son and Agnellis chosen successor, John Elkann, with his future bride, Lavinia Borromeo, in Milan, 2004. 1955) married firstly, Samaritana Rattazzi (b. Add or change photo on IMDbPro Add to list More at IMDbPro Contact info Agent info Known for Welcome to the Rileys 6.9 Producer 2010 Untitled Twilight Zone Project Producer Risk Producer 2003 Untitled Will Wright Biopic Producer Credits Edit Giovanni Agnelli is known for Welcome to the Rileys (2010), Untitled Twilight Zone Project and Risk (2003). Her mother was subpoenaed in a Turin court, says Rattazzi. [3] At one time the Agnelli assets represented 4.4% of Italy's GDP. better known as Gianni Agnelli, was an Italian industrialist and principal shareholder of Fiat. 1947) married writer Vittorio Sermonti (19292016), Cristiano Rattazzi (b.
Giovanni Agnelli Producer Family / Fiat Heiress Ginevra Elkann On Age: 45 Birthplace: New York City, New York Photo: Metaweb (FB) / CC-BY John Elkann John Philip Jacob Elkann (born 1 April 1976) is an Italian industrialist. Giovanni Agnelli reigned for thirty years as one of the most prominent industrialists in Europe, spending his youth as one of the most .
Giovanni Agnelli, 81; Fiat Group Patriarch Had a Powerful Effect on The Embassy of Canada to Italy has launched a recruitment process for a Senior Advocacy Officer position (location: ROME). This was what family members would later call the crucial event, which turned control of the convoluted, Chinese-box conglomeration of the Agnelli holding companiesdesigned to keep the business in family handsover to John Elkann. 2023 / 2024 Wanted World Wide LTD Network. Most galling to the sisters were Margheritas public statements that her father, if he were alive, would approve of what shes doing, says Lupo Rattazzi.
Therefore, concurrent with the filing of the lawsuit, the Milan-based public-relations firm representing Margherita, DAntona & Partners, leaked news of it not to a newspaper in Italy but to the U.S. edition of The Wall Street Journal. The man who had been. Agnelli's net worth was estimated to be around $1.5 billion. #PennyMarshall. All Rights Reserved. The Fiat factory was a small domestic car manufacturer that grew to be three percent of Italys industrial workforce and contribute five percent of the countrys GNP. As for their only daughter, Margherita, though the rest of her family has been well documented, she spent the majority of her life as a mother, giving birth to eight children with two husbands, and until 2004 remained aloof, distant, separate. Margherita is saying, I want all my children to know [the complete assets of Agnellis estate], and theyre hiding this from me! The point is that Gianni Agnelli planned for everything to be in the hands of these people. The admissions officer will:
Dicembre controls Giovanni Agnelli & Company, a limited partnership which in turn controls a holding company called I.F.I., which in turn controls a $12 billion holding company called I.F.I.L., which owns a controlling 30 percent of Fiat Group, which owns Fiat Auto, Alfa Romeo, Maserati, and a majority of Ferrari, plus a diversified portfolio of holdings in the Juventus soccer team, Intesa Sanpaolo (Italys largest bank), and the U.S. real-estate services firm Cushman & Wakefield, among others. "[8] "As recently as 2002, Italy accounted for more than a third of Fiat's revenue, and the company built more than 1 million vehicles at six plants in the country. [19], In 1920, Gualino and Agnelli participated in recapitalization of the private bank Jean de Fernex and bought a third of the shares of Alfredo Frassati, publisher of La Stampa. Once she was married, she flew far from the force field of her father and Fiat, moving with Elkann to the New York City area, where he embarked upon a career as a writer and she listened from afar to what was happening at Fiat. So its very hard to say she hasnt involved her family. Rattazzi says John Elkann called him the night before the lawsuit was served and told him, Unfortunately, shes decided to go public. He offered a new contract to workers with wages linked to productivity in a period of economic stagnation. You threaten, you this, you that. Finally, in 2004, a settlement was reached between Margherita and the family over the estate of her father. For more information and for applications, please visit t We are looking for a dynamic and motivated Admissions Officer for our School starting in May this year. https://www.facebook.com/giovanni.agnelli, https://www.instagram.com/giovanni.agnelli/?hl=en, https://medium.com/authority-magazine-c3434a25e57c. The three consiglieri will be responsible for damages eventually caused by their violation of their duties as agents and/or administrators of someone elses interests.. Kristen Stewart cheated on Robert Pattinson with director Rupert Sanders, and now she is reportedly staying with her former producer -- Giovanni Agnelli! Gianni Agnelli was his father, a global icon who owned business interests and homes around the world. Margherita probably feels very much alive. He threw himself into his activities and carried himself with natural grace. Marella Agnelli at the funeral of her husband, Gianni, with her two eldest grandsons, Lapo and John Elkann, Turin, 2003. Prende il 3%', "FIAT. [33], Gianni Agnelli's longtime financial advisors were Franzo Grande Stevens and Gianluigi Gabetti. 2023 Cond Nast. On March 26, 2004, her ire erupted when a deposit of 109,685,000 euros was made into her Swiss bank account from Morgan Stanleys branch in Zurich. His. Before joining the National List of 1924, he was tempted by the Economic Party for the 1919 Italian general election.
Giovanni Agnelli | Encyclopedia.com I'll love and miss you for the rest of my life. On January 24, 2003, Gianni Agnelli died at the age of 81, after a prolonged battle with prostate cancer. Go right ahead and do it. Gabetti and Grande Stevens were asked to leave the room while the group, after much deliberation, drafted the following letter: Your attack on your mother and on individuals who have assisted us for many years and who enjoyed your fathers complete trust and who continue to enjoy our own complete trust is something to which we are utterly opposed. A lawsuit filed by Margherita Agnelli revealed that her father had secretly created seven trusts and investment vehicles. They had their three children, John, Lapo, and Ginevra, within the space of four years. As she began to unearth information about her fathers estate, Margherita says, a bomb began to grow in her belly. Giovanni Agnelli is on Facebook. They include Calamus Trading, fima, CS-Group, Sikestone Invest Corp., Sigma Portfolio Corp., Springrest Inc., and, most interesting, Alkyone, a foundation established on March 16, 2001, in Vaduz, Liechtenstein, to manage Agnellis assets abroad and offshore. There was concrete talk of bankruptcy. 1992), Edoardo Teodorani-Fabbri (b.
Giovanni Agnelli Profiles | Facebook [13] The company was known from the beginning for the talent and creativity of its engineering staff. Then came a series of untimely deaths that would cripple the dynasty and eventually suck Margheritas family into the maelstrom of Fiat. This is what brought about the whole stink: Margherita got very mad because she was passed over, a close family member says. Who did his mother marry? Still reeling from her fathers death, she assumed that the family lawyer was calling to inform her of when the will would be opened. Giorgio Agnelli (19291965) was a member of the Agnelli family. After the war ended, he was accused together with Valletta and Giancarlo Camerana by a commission from the National Liberation Committee of collaboration with the Fascist regime and was temporarily deprived of ownership of his companies. 7 Residential Solar Maintenance Errors and How to Avoid Them, 4 Errors with Kitchen Renovations and How to Avoid Them, An Informative Guide to Livestock Transportation, A Tool That You Need If You are Into Live Stream. Meaning no offense to anyone, we are approaching the gesture of Caligula, who made his horse a senator.. [15], During World War I, Agnelli became involved with the financier Riccardo Gualino in transport of United States aid to Europe in 1917. [3], In 1899, Giovanni Agnelli (18661945) and a group of investors founded the company Fabbrica Italiana di Automobili Torino (Fiat), being after senator of the Italian government. He declares that Margheritas statementsthat her lawsuit is business, not personal, and that its against her fathers advisers, not her familyare, well, bullshit. As somebody who is ugly, nasty, monstrous. They say, Its none of their business.
Giovanni Agnelli - Biography - IMDb Part of my family has been taken over by a Baroque and decadent logic, he told the left-wing daily Il Manifesto. Her inheritance consisted mainly of: (1) Family residences, including Via XXIV Maggio 14, the huge building adjacent to the presidential palace, on the highest hill in Rome; Villar Perosa, the Agnellis sprawling country estate, with its magnificent gardens, where the family gravesites are located; Villa Frescot, Gianni Agnellis residence overlooking Turin; his summer retreat in Corsica; and his house in Paris. I am used as a bonfire, to show what is going to happen if you ask questions. He had already begun his descent into heroin and his conversion to Islam, defiantly refusing to take advantage of his shares in Dicembre and thereby turning his back on the fortune that was his birthright. Before founding Fiat, he was a playboy who dated several famous actresses. [11] In 2009 as the U.S. automobile industry was collapsing Fiat became a trailblazer by acquiring an initial 20% stake in the then-bankrupt Chrysler company in a deal with the Obama administration. We found three companies that listed this address in corporate registration documents. Margherita Agnelli, his daughter, demanded an accounting of all of his assets in Italy. Required fields are marked *. I told him, Look, do not ask me to sign any papers, because I really want to understand what I am signing and what I am agreeing to or not agreeing to. So he says to me, Do not worry. Theres nothing that I have to sign.. He made a hobby out of jumping out of helicopters into the ocean. Italian industrialist Giovanni Agnelli (born 1920) was a leading capitalist in Italy, controlling a group of enterprises that employed 360,000 workers and had annual sales of over $15 billion. An urgent meeting was called, and the heads of each branch of the Agnelli family traveled to Turin. [26][27] While they shared mutual benefits in the field of war orders, Fiat always maintained a line of independence from the Fascist regime's totalitarian aspirations. The sisters plunged into one of their most heated campaigns since they reportedly dissuaded Gianni from marrying the British divorce Pamela Churchill (later Pamela Harriman, the U.S. ambassador to France under President Clinton) in 1952. Romiti was instrumental in the company's return to profitability during this period. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. She was very hands-on, which is different from the more formal way she was brought up, with nannies and drivers..
- Manage the comp John Cabot University, a regionally accredited American liberal arts university in Rome, Italy, is seeking a candidate to fill the position of Admissions Assistant. Finally, in April 2007, two executive directors from Morgan Stanley wrote her back about her desire to know the source of the 109-million-euro deposit: We have been advised by the account holder to not disclose any additional details regarding this payment.. I have seen him all my life, Margherita says of Gabetti.
He asked Giovanni Giolitti to intervene militarily to clear up Fiat's factories; Giolitti refused. We were at a loss when such a patriarch dies. 1948) president of Fiat in, Virginia Campello della Spina (b. Aside from acting, Giovanni Agnelli was a prolific writer. [3] The lawsuit demanded that Gabetti, Grande Stevens, and Marrone provide a report on her father's estate "with information pertaining to the historic evolution of the assets" from January 24, 1993, forward. My mother was told not to talk to me. And, of course, having lost my father, and on top of it my mother, and on top of it my children, I would accept a treaty for peace with them, rather than hanging on to the shares.. When Marella was pregnant with her, Agnelli was engaged in one of his most torrid affairs, with a noblewoman who was a serious threat because she was his social equal. Because Margherita was attacking the very people who helped her father amass the fortune he amassed, which she proceeded to inherit a great part of. Kristen isn't living with her parents, but a new report claims the actress is staying with her 'Welcome to the Rileys' producer Giovanni Agnelli after leaving the home she shared with Robert . "[25] Giovanni Alberto Agnelli, Gianni's nephew, who died of cancer in 1997, had been in line to take control of the family companies. They decided on an extraordinary measure, for a family that never speaks to the press: if Margherita was going public, so would they. Rome's Pyramid of Cestius and how to visit, Affogato al Caff: Italy's summer coffee dessert, UPMC Salvator Mundi International Hospital, Italy interior minister slammed for response to migrant boat tragedy, Italys centre-left PD elects Elly Schlein as new leader, Giorgia Meloni defies EU by blocking overhaul of Italy's beaches, Italian anarchists protest at Rome landmark ahead of Cospito ruling, Russian hackers target Italy websites after Meloni visit to Ukraine, Italy senate speaker La Russa under fire over gay son comments, Italy premier Meloni visits Ukraine to meet Zelensky, Italy calls on China to 'pressure' Russia over Ukraine. Giovanni Agnelli Producer was born at a key point in their lives. He orchestrated the companys expansion by opening plants across the world, including in the Soviet Union and South America. Agnelli began purchasing all the shares he could to add to his holdings. He did not seem to care a great deal about giving me answers. Instead, she says, he would tell her, Dont you worry, my little girl. This was Alain Elkann, who became Margheritas first husband. The Italian journalist Oriana Fallaci used to say there is no time in life when you feel more alive than during war, says Lupo Rattazzi. He was previously married to Marella Agnelli. giovanni agnelli. With this in mind, I hope youll understand my preference not to be drawn into a fruitless tennis match of claim and counterclaim. Rob is reportedly FURIOUS that Kristen is living with her former producer! Inside Wealth-Conference Con Man Anthony Ritossas Wild Web of Lies, How King Charles and Prince William Plan to Protect the Monarchy Against an Uncertain Future. There was a very brief period of calm after Margherita signed the documents to settle her affairs with her fathers estate. Fiat, however, was soon thriving, to such an extent that Margheritas shares in Dicembre, which she had sold for 106 million euros in 2004, would be worth roughly twice that amount today. Not only this. Although Gianni Agnelli left shares of Dicembre to his wife, his daughter, and his oldest grandson, he made it clear that his chosen business successor would be the grandson. The parties are now awaiting a decision as to whether the case will be heard in Italy or in Switzerland, the official residence of both Margherita and Marella. Edoardo Agnelli (18921935), industrialist and vice-president of the Italian car company Fiat and IFI, was the son of Giovanni Agnelli (18661945), the founder of Fiat. In 2013 he was considered to be the world's fourth most influential manager under the age of 40 by Fortune magazine. His son Andrea later followed in his footsteps as chairman of Juventus until 2022. Fiat had taken out a three-billion-euro loan in 2002 and was unable to pay it back. He became the Fiat companys chief executive and transformed it into the largest industrial conglomerate of Italy. They composed a letter that was eventually sent to several Italian newspapers, supporting the business advisers and criticizing Margherita. IFIL's fat investment portfolio included stakes in Club Mditerrane, French conglomerate Worms & Cie., and department store chain La Rinascente, and provided the family with a steady stream of reliable dividends that offset the wild fluctuations of profitabilityand lately, lossat Fiat. [22] "Mr. Romiti and Mr. Mattioli had approved a series of slush funds from 1980 through 1992 to provide for Fiat's illegal political contributions and had falsified accounts to hide the payments. He was born on March 12, 1921, in Turin, Italy, and passed away on January 24, 2003. "[21]:193, Professor Gaspare Nevola of the Universit degli Studi di Trento, explained that Italian society celebrated a common sense of belonging and national identity through collective identification at Gianni Agnelli's Funeral. Well, thats what happened. Such was the climate surrounding Margheritas birth. Decades of love, friendship, and family still wasn't enough time. [25] Edoardo Agnelli, Gianni's first-born son died in 2000.[25]. Who is in and who is out. [31] He was chosen as heir to the family empire in 1997 by his grandfather Gianni Agnelli who died in 2003. Both Edoardo and Margherita suffered from Gianni Agnellis frigid treatment of them, says one close observer, his inability to love and have normal familial relations, his well-known infidelities, the way he treated and led a separate life from his own wife, coming together only for state affairs, while riding with the president and prime minister, but generally going off and having a string of girlfriends and mistresses., Ever present was one of the men Margherita is now suing, Gianluigi Gabetti, who went to work for LAvvocato (Agnellis nickname, for his law studies) in 1971 and served him faithfully for 23 years. Prince Sebastian von Frstenberg (1950) he married Elisabetta Guarnati in 1972. She could only get a limited response. We were ambushed, says Lupo Rattazzi. "[25], Agnelli was still active with Fiat at the start of World War II. Their partnership broke up around 1926 due to Gualino's investments in the French automobile industry. He had seven children, Clara (19202016), Gianni (19212003), Susanna (19222009), Maria Sole Agnelli (1925), Cristiana (1927), Giorgio Agnelli (19291965) and Umberto (19342004). Gianni Agnelli [ edit] Main article: Gianni Agnelli That same day, in Rome, the Agnelli family joined the president of the Republic of Italy at the opening of a major exhibition entitled Gianni Agnelli: An Extraordinary Life, featuring 250 photographs of LAvvocato with everyone from Ronald Reagan to Queen Elizabeth, to Henry Ford II, to John F. Kennedy. She says she truly loved Rob. Tomorrow theres a whole thing in The Wall Street Journal.. He would be reluctantly crippled for the rest of his life, but he continued to ski and sail. Just before that meeting was to take place, she says, she called Gabetti. Since the 2003 death of her father, Gianni Agnelli, the head of the Fiat car company, who was known as the unofficial king of Italy, Margherita, his only daughter and sole surviving child, has been trying to break down what she claims is a wall of secrecy and manipulation regarding his fortune. Family (1) Spouse Marella Agnelli (19 November 1953 - 24 January 2003) (his death) (2 children) Trivia (13) Inducted into the European Automotive Hall of Fame, 2001 (charter member While Giovanni is certainly talking, the cast ofTwilighthas been ordered to stay silent, a cast member confirms to HollywoodLife.com! Gabetti was fined 5 million euros and given a six-month suspension from holding a directors post at a public company, and Grande Stevens was fined 3 million euros and given a four-month suspension. When Margherita arrived at the notarys office, a group was already gathered: her fragile and elderly mother, Marella; her eldest son, John Elkann, the familys crowned prince, who now, at 32, is the head of the Agnelli business empire; the tall, stately Franzo Grande Stevens, at 79 Italys most powerful lawyer; the 83-year-old Gianluigi Gabetti, only temporarily released from the hospital after a bout of pneumonia; and two witnesses. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Serge was unable to reach the room where two of the children of the family that had accompanied them on the vacation were sleeping, and they perished in the fire. Ivana Marie Zelnkov escaped from behind the Iron Curtain to storm New York City and help create the twisted miracle of Donald Trump. His father, Gio Agnelli was an industrialist who had previously been a director. My wife is a woman who decided when she was very young not to be part of the jet set, Serge de Pahlen told the Agnelli-owned newspaper La Stampa. [28] In his work about the Italian resistance, Sergio Favretto's book argues that Fiat was actively involved alongside the resistance; the company supplied vehicles and petrol, made large sums available to support the movement, and collaborated in the sabotage of war production in its own plants. Hes even reportedly made 4AM threatening phone calls to Giovanni! Gianni Agnelli, the richest businessman in modern Italian history, 1956. "[11][12][13][14][15] Romiti led the firm from 28 February 1996 to 22 June 1998. (Her three children by Alain Elkann and other family members also stayed away.) In a lawsuit filed in 2007 and rejected in 2010,[3] Margherita Agnelli asked the annullation of the 2004 inheritance agreement signed with her mother; she said that it was based on incomplete information. He died on January 24, 2003 in Turin, Piedmont, Italy. Why doesnt somebody just show Margherita the complete list of assets, one wonders, and get it over with? The holding company owns the La Scogliera bank in Venice. The bomb she threw, in the form of a lawsuit on May 30, 2007, was devastating, not only because of the pain it inflicted but also because of the ramifications it might have on the Agnelli family and businesses. On March 2, 2004, a year after the meeting in the notarys office, Margherita says, she signed a transazione tombale (a final settlement of her fathers estate)which included the sale of her shares in Dicembre, worth 106 million euros (more than $133 million), to her son John Elkannand inherited what is estimated by some insiders at up to $2 billion in cash and property. So much so that Mussolini unleashed the famous invective against the dirty city of Turin. Tall, white-haired, quiet, and exceedingly well-mannered, de Pahlen joins us in the dining room overlooking Lake Geneva as Margherita continues their story. 1. The family, however, maintain that they decided on their own to shun her. Top 3 Results for Giovanni Agnelli in CA. [10][11] As of 2000, from Agnelli and Boselli came over seventy descendents between children, nephews, and spouses. When Fiat was on the verge of defaulting on 3 billion euros in loans from a consortium of banks, Gabetti and Grande Stevens engineered what The Economist called an ingenious coup to save the Agnellis from losing control of the company. [23] Giovanni Agnelli & C. (GA&C), the family's limited partnership was Gianni's command center. He invested in a bike shop and later produced many movies, including Welcome to the Rileys (and the Twilight Saga). On January 10 of this year, the attorneys for all parties involved gathered in a courtroom in Turin, where, in a closed-door session, Margheritas lawsuit was officially opened. Early life Agnelli was born on 12 March 1921, in Turin, to parents Edoardo Agnelli and Virginia Bourbon del Monte. Nothing could be more abhorrent to Gianni than a public spat on inheritance issues, let alone from his own daughter..
Exclusive interview with Welcome to the Riley's Producer Giovanni Agnelli They have one daughter: Baroness Ginevra Csillaghy de Pacsr (1995), Margherita Agnelli (b. Some say the increase in value might be a major reason for her lawsuit, but Margherita vehemently denies it. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy. Gianni Agnelli (19212003) was the oldest son of the industrialist and principal family shareholder of the Italian car company Fiat, Edoardo Agnelli. Why, she asked, hadnt she been advised of, or present at, that critical event? These companies failed when the war ended since they were structured to meet wartime demand but had returned large profits to their owners. They say its all about power. The pastoral setting of the property, which horses, swans, and rabbits share with a kiwi farm, seems in direct contrast to the fiery mood of the tall, elegant, strawberry-blonde woman of 52 who lives here. The family has sometimes been described in the English-speaking world as "the Kennedys of Italy" for their role in the country's contemporary history and their activity of patronage in modern art and in sports. Thinking about expanding your business outside of Italy? First there was a reading of the so-called Monaco Letter, in which Gianni indicated his wish for John Elkann to take over the reins of the Agnelli empire. She founded the institution, she says, to further Edoardos quest for a better world for everybody, especially for children, as he saw their defenseless innocence being injured and found it unacceptable. The home can accommodate 10 children between the ages of 6 and 14.