Jack MacDonald died at the age of 98 in September. He left his secret fortune worth $187.6 million to the Seattle Children’s Hospital, the University Of Washington School Of Law, and the Salvation Army. According to MacDonald’s family, few people outside of his immediate family were aware of his wealth.
“Our family has lived with the ‘secret’ of Jack’s generous fortune for more than 40 years, all while being amazed at his frugal lifestyle and modest demeanor,” said Regen Dennis, MacDonald’s stepdaughter. “He was quirky and eccentric in many ways, and always stayed true to himself by acting on his convictions to do the most good with his wealth.”
MacDonald worked as an attorney for three decades. He was able to collect such a large fortune as a result of investing money he inherited from his family. With no biological children, he was able to put away his earnings and save exponentially. He lived in a modest one-bedroom apartment and apparently never revealed his fortune.
According to ABC News, the $187.6 million donation will be provided through a trust. The three organizations will receive a portion of the income earned from the trust with 40 percent going to support the Seattle Children’s Hospital and 30 percent going to student scholarships at the University of Washington School of Law. The Northwest Division of the Salvation Army will receive a portion of the interest of the trust or $2.8 million in the first year.
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