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Sun May 6, 2018, 03:23 PM

96-Year-Old Secretary Quietly Amasses Fortune, Then Donates $8.2 Million.

'Even by the dizzying standards of New York City philanthropy, a recent $6.24 million donation to the Henry Street Settlement on the Lower East Side was a whopper — the largest single gift from an individual to the social service group in its 125-year history.

It was not donated by some billionaire benefactor, but by a frugal legal secretary from Brooklyn who toiled for the same law firm for 67 years until she retired at age 96 and died not long afterward in 2016.

Her name was Sylvia Bloom and even her closest friends and relatives had no idea she had amassed a fortune over the decades. She did this by shrewdly observing the investments made by the lawyers she served.

“She was a secretary in an era when they ran their boss’s lives, including their personal investments,” recalled her niece Jane Lockshin. “So when the boss would buy a stock, she would make the purchase for him, and then buy the same stock for herself, but in a smaller amount because she was on a secretary’s salary.” . .

The couple lived modestly in a rent-controlled apartment, though “she could have lived on Park Avenue if she wanted to,” Mr. Hyams said.

Ms. Bloom was known for always taking the subway to work, even on the morning of the Sept. 11, 2001 terror attacks on the World Trade Center, not far from the firm’s offices.

That day, Ms. Bloom, at 84, fled north and took refuge in a building before walking over the Brooklyn Bridge and taking a city bus — not a cab — home.'>>>

https://www.nytimes.com/2018/05/06/nyregion/secretary-fortune-donates.html?

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Reply 96-Year-Old Secretary Quietly Amasses Fortune, Then Donates $8.2 Million. (Original post)
elleng May 2018 OP
BeyondGeography May 2018 #1
elleng May 2018 #2
underpants May 2018 #3

Response to elleng (Original post)

Sun May 6, 2018, 03:41 PM

1. There is good in the world

“We were all agape, just blown away,” recalled Mr. Garza, who said the money would endow the settlement’s Expanded Horizons College Success Program, which helps disadvantaged students prepare for and complete college.

...”She was a child of the Depression and she knew what it was like not to have money. She had great empathy for other people who were needy and wanted everybody to have a fair shake.”


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Response to BeyondGeography (Reply #1)

Sun May 6, 2018, 03:46 PM

2. Yes indeed!

HAPPY to see this great New York story! (Dad and I and many family members grew up there, so we need a break from the horrible one.)

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Response to elleng (Original post)

Sun May 6, 2018, 03:59 PM

3. Inspiring.

I've been putting $30 a pay period this year into a book. My family has no idea. My Mom kicked me down a nice check on my birthday and most of it went in there.

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