I read an interesting article in the US News Money Section. You can read it here.
Essentially the article outlines why the U.S. economy is sinking and says in part:
“We’re toast. The Chinese outwork us, the Indians outsmart us, and the Germans out-vacation us. Our biggest corporations have become computerized Potemkin shells that crank out profits without people. Our middle class is too obese to hustle down to the outplacement office. The government takes all of our money and gives it to Goldman Sachs…”
Enter: The Virtue of Philanthropy
I read about a local woman who has changed the course of history for a rural school. Her name is Lillian Bauer and she has just bequeathed $500,000 to the Port Jervis school district through the Community Foundation. To understand this, you would have to turn back the pages of her life’s book and read that Miss Lillian was just 10 years old when she attended a one-room-schoolhouse in Port Jervis. She survived the Depression and she and husband, Frank, purchased a farm in Huguenot, New York.
They ran the farm 365 days a week, sun-up to sun-down and spent very little of their meager earnings and over the course of their lifetimes, accumulated a substantial amount of savings. After Frank’s death in 2005, Miss Lillian continued to live out her days in a small home near the former farmland she loved. She never let a single soul know that she was essentially the “millionaire next door.” Upon her death, she willed the bulk of her estate through the Community Foundation and into a scholarship program for the Port Jervis School.
While the antics in Washington continue to frustrate and discourage us all, we need to rely upon each other to wade through these tough times. Friends helping friends and strangers bequeathing to children they will never know. America’s future rests in the hands of a generation that will sail into unchartered waters.
Folks like Miss Lillian are adding winds to those sails.