Grace Groner lived in Lake Forest, Illinois, where this is the library. Image from Wikipedia.
She is known as "the secret millionaire who donated her fortune", but during her life Grace Groner was just the wonderfully kind and older lady next door. Much of her adult life, this secret millionaire lived in a one-bedroom home and lived extremely frugally. When she left her estate to her alma mater. When Lake Forest College found out this instant money total turned out to be about $7 million dollars, they were shocked.
The secret millionaire donates her fortune to a good cause
Grace Groner had made a large donation to Lake Forest College in the past. She had donated $180,000 to establish a scholarship program to help students pursue internships and study-abroad programs. Lake Forest College president Stephen Schutt told the Chicago Tribune that he had known that the secret millionaire was planning on donating her fortune to the school upon her death, but he had no idea how truly large the gift would be.
Grace Groner's secret to being a millionaire
Unlike most millionares, Grace Groner did not live large. Instead, like most people that lived through the depression, she was very frugal. Grace walked everywhere rather than purchasing a car. The "secret millionaire's" clothes came from rummage sales. Grace even lived in the same small single-bedroom house for most of her adult life - a house that had been willed to her by a friend. To put it simply, no matter how much money Grace Groner was worth, she lived simply and carefully. This, combined with a very smart stock purchase, helped her become the secret millionaire. ... click here to read the rest of the article titled "Grace Groner, the secret millionaire, donates her fortune"
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