CNN —A man who lived frugally all his life left an unexpected gift of $3.8 million after his death to his small New Hampshire town with less than 4,000 residents.
He moved to New Hampshire in 1968 and lived on his social security checks for the last 15 years of his life, Smith said.
Holt lived in a trailer park in the town, and the kitchen chairs in his mobile home were made of plywood, Smith said.
The nearly $4 million gift came from a trust fund Holt established in 2001, primarily made in mutual funds accounts, according to Smith.
A ‘transformational’ gift for a small communityThe town is considering various avenues to use the funds from the newfound gift, Lynch said, including possibly buying an electronic voting machine and fixing the town hall clock, which doesn’t work properly.
Persons:
Geoffrey Holt, Edwin “ Smokey ” Smith, Holt’s, Smith, Holt, “ Geoffrey, ”, Hinsdale , New Hampshire Robert F, ” Smith, …, Kathryn Lynch, Lynch, ” Lynch, Kristen Oliveri, ” Oliveri, “
Organizations:
CNN, New, New Hampshire Charitable Foundation
Locations:
New Hampshire, Hinsdale, Massachusetts, Hinsdale , New Hampshire, ”