The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
John Nesmith the State Alliance. From the large fortune acquired by his tact and industry, he made generous donations to many objects of charity and benevolence which won his sympathy, and was invariably kind and hospitable to his friends and neighbors. In his home he was especially affectionate and charming. He made in his will handsome provision for the care, support and education of the indigent blind of New Hampshire, a foundation known as the Nesmith Fund; and also provided a public park in the town of Franklin, New Hampshire John Nesmith John Nesmith (August 3, 1793 in Windham, New Hampshire –