Former Secretary Leaves $7-Million to Her Illinois Alma Mater
March 21, 2010 | Read Time: 1 minute
How much: approximately $7-million bequest
Who gave it: Grace Groner, a former executive secretary for the president at Abbott Laboratories, a health-care company in Abbott Park, Ill. She died in January at age 100.
Who got it: Lake Forest College, in Illinois. Ms. Groner graduated from the college in 1931 with a bachelor’s degree in English.
Purpose: To endow a scholarship foundation that will enable needy students to pursue internships and study-abroad programs. Her home, now called Grace’s Cottage, will house students who receive scholarships fto attend Lake Forest.
How the gift came about: Ms. Groner acquired Abbott company stock over the years and although its worth grew, she continued to live frugally in a small cottage in Lake Forest. Few people were aware of her wealth, although she previously gave $180,000 to the college for scholarships.
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