Michael Nesmith inheritance from his mother's Liquid Paper fortune in 1980 eased those concerns. In a 1980 interview with "Playboy", he said of that time: "I had to start telling little tales to the tax man while they were putting tags on the furniture." While Nesmith had continued to produce his compositions with the Monkees, he withheld many of the songs from the final Monkees albums, only to release them on his post-Monkees solo records. Nesmith did not participate in the Monkees' 20th-anniversary reunion. However, he did appear during an encore with the other three members at the Greek Theatre on September
Michael Nesmith President of the Gihon foundation, hosted the Council on Ideas, a gathering of intellectuals from different fields who were asked to identify the most important issues of their day and publish the result. The Gihon ceased the program in 2000 and started a new Program for the Performing Arts. Nesmith also spent a decade as a board of trustees member, nominating member and vice-chair of the American Film Institute. In 1992, Nesmith undertook a concert tour of North America to promote the CD release of his RCA solo albums (although he included the song "Rio", from the album "From a