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October 27, 2014

From the Daily Gazette: Niskayuna woman gives $2.5M to five organizations

Excellent news for the Niskayuna Community Foundation (an affiliate of the Community Foundation for the Greater Capital Region). From the Daily Gazette:

When Harriet Wall died in March of this year at 95 years old, she left a void in the Niskayuna community. Her bridge group at the Mohawk Golf Club, the neighbors who often visited her home near GE’s research facility to check on her health and the friends she had made at local nonprofits all missed her unmistakable presence.

Wall was known for being generous and sharply funny. Her friends said she did not fit the stereotype of the docile older lady, except for her cat, Tiger, which she loved very much. She was, without question, special.

Shortly after her death, Wall gave her hometown one final gift: Five local nonprofit organizations received $500,000 each from her estate. The staggering gift totaled $2.5 million.

Click here to continue reading this story on the Daily Gazette website.

This bequest from Harriet Wall’s estate effectively triples the size of the Niskayuna Community Foundation’s endowment, from $170,000 to $670,000. This will allow the Niskayuna Community Foundation to provide additional grants to nonprofit organizations and programs each year, and at the same time, preserving and growing the amount of endowment funds available for future grants. Congratulations to our friends at the Niskayuna Community Foundation!