park in Hinsdale, New Hampshire. Known for his frugality, residents often spotted him dressed in threadbare clothes, riding his lawnmower, or parked by the side of the road, reading a newspaper.
Despite his humble appearance, Holt had a secret: he was a multimillionaire. Upon his passing earlier this year at the age of 82, he bequeathed his entire fortune of $3.8 million to the small community of 4,200 resideQuiet Multimillionaire Leaves Fortune to His New Hampshire Hometown
nts. His will simply instructed that the funds be used to enhance education, health, recreation, and culture in Hinsdale.
“I don’t think anyone had any idea he was that successful,” remarked Steve Diorio, chairperson of the town selectboard. “It’s a tremendous gift to leave to the town where he lived.”
The town is considering various ways to utilize the funds, which could greatly benefit the community nestled between Vermont and Massachusetts, known for its hiking and fishing opportunities. Ideas range from upgrading the town hall clock and restoring historical buildings to creating an online driver’s education course.
Local organizations will be able to apply for grants through a trust set up with the New Hampshire Charitable Foundation, drawing approximately $150,000 annually from the interest.
Holt’s best friend, Ed Smith, learned of Holt’s wealth in the last few years of his life. Holt had a passion for collecting model cars and books about history, as well as a keen interest in investments. He often studied financial publications in quiet spots near a brook.
Smith was astonished when he discovered that Holt had chosen to leave his entire fortune to the town. “It’s just mind-blowing,” he said. Holt’s sister, Alison, noted that their father instilled the values of frugality and saving in them, which perhaps influenced Holt’s decision to invest rather than indulge himself.
Holt’s life was shaped by a strict upbringing, and he preferred to keep a low profile. Although he experienced some hardships, including a stroke that impacted his mobility, he continued to serve his community in his own way.
Now, Hinsdale hopes that Holt’s generous gift will shine a light on their town and bring greater recognition to their close-knit community. park in Hinsdale, New Hampshire. Known for his frugality, residents often spotted him dressed in threadbare clothes, riding his lawnmower, or parked by the side of the road, reading a newspaper.
Despite his humble appearance, Holt had a secret: he was a multimillionaire. Upon his passing earlier this year at the age of 82, he bequeathed his entire fortune of $3.8 million to the small community of 4,200 resideQuiet Multimillionaire Leaves Fortune to His New Hampshire Hometown
nts. His will simply instructed that the funds be used to enhance education, health, recreation, and culture in Hinsdale.
“I don’t think anyone had any idea he was that successful,” remarked Steve Diorio, chairperson of the town selectboard. “It’s a tremendous gift to leave to the town where he lived.”
The town is considering various ways to utilize the funds, which could greatly benefit the community nestled between Vermont and Massachusetts, known for its hiking and fishing opportunities. Ideas range from upgrading the town hall clock and restoring historical buildings to creating an online driver’s education course.
Local organizations will be able to apply for grants through a trust set up with the New Hampshire Charitable Foundation, drawing approximately $150,000 annually from the interest.
Holt’s best friend, Ed Smith, learned of Holt’s wealth in the last few years of his life. Holt had a passion for collecting model cars and books about history, as well as a keen interest in investments. He often studied financial publications in quiet spots near a brook.
Smith was astonished when he discovered that Holt had chosen to leave his entire fortune to the town. “It’s just mind-blowing,” he said. Holt’s sister, Alison, noted that their father instilled the values of frugality and saving in them, which perhaps influenced Holt’s decision to invest rather than indulge himself.
Holt’s life was shaped by a strict upbringing, and he preferred to keep a low profile. Although he experienced some hardships, including a stroke that impacted his mobility, he continued to serve his community in his own way.
Now, Hinsdale hopes that Holt’s generous gift will shine a light on their town and bring greater recognition to their close-knit community.
