Ind. Fund Mulls Next Steps With ‘Miracle’ $150-Million Gift

The Wall Street Journal writes about the challenges facing an Indiana community foundation as it determines what to do with an unrestricted $150-million bequest from a local man who amassed a fortune in insurance.

The article details the steps the Elkhart County Community Foundation has taken to gather community input as it decides how to use about the gift from David Gundlach, who willed his entire estate to the charity, and chronicles the donor’s peripatetic life and business success.

Mr. Gundlach, who died in 2011 at age 56, grew up in Elkhart but built his fortune in the United Kingdom and was relatively little known in the Indiana town even after returning there to live part-time in 2007.

Read a Chronicle of Philanthropy article on Elkhart and the Gundlach bequest.

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