Great story for two local schools

Thanks to Hub Blog for posting about this story.

This guy went to Tufts in the early 1900s, started a company and married the woman who started Lesley College. So the company goes on to be tremendously successful. He dies, but with no kids, he has his company put in trust to benefit the two schools.

So after he dies, the company continues to prosper--interesting company, too--and each year the trustees distribute a few million $ to each school. Last year the company was sold and the trustees decided to liquidate the trust and distribute all the money to the two schools.

So they're going to split $272 million. Not bad, eh? It triples Lesley's endowment and will get Tufts a new building.