Check out this heart-warming story from the New York Times.
The article describes how Sylvia Bloom, who worked as a legal secretary at Cleary Gottlieb Steen & Hamilton for 67 years, created a fortune of more than $9 million through savings and investments before retiring at the age of 97. When she passed away, shortly after retiring, she left most of her wealth to charity – specifying that it should go to “an organization that offered educational opportunities to low-income youth,” according to her niece who is also the executor. The major beneficiary is the Henry Street Settlement on the Lower East Side of New York City, which will use its record-breaking $6.24 million gift to establish scholarships.
I thought you would enjoy this refreshing story about a woman who exemplified such time-tested values as loyalty, frugality, and humility: not even Bloom’s closest friends were aware that she was a multi-millionaire.
I welcome your reactions to this story, and your thoughts on any other law-related matter, either in the comments section below or directly via email.