Homeless man leaves $4 million estate

Do you remember Jean Preston, the unassuming librarian who’d amassed an $8 million estate?

Or Helene Whitlock Alley, the $100 donor that bequethed $7.3 million to a diabetes group.

Well here’s another entry in the never underestimate anyone category: Richard Walters.

Perhaps you’ve heard his name on NPR:

“Support for NPR comes from the estate of Richard Leroy Walters, whose life was enriched by NPR, and whose bequest seeks to encourage others to discover public radio.”

To most of the people that knew him at the end of his life, Richard was just a nice homeless man. He didn’t even own a car. But when he died, he’d amassed an estate of about $4 million and gave NPR and many other nonprofits $400,000 each.

You see, this homeless man had retired from a successful career. And, according to the article on the NPR site, he was making stock trades from a telephone at a senior center.

Back in Fundraising Secret #17, I encouraged you to ask everyone for planned gifts.

I’ll bet there are possible Jeans, Helenes, and Richards in your organization’s universe. What will you do this week to help get to know the next one a little better?

About Marc A. Pitman

Marc A. Pitman is the author of "Ask Without Fear!" and founder of FundraisingCoach.com and the weekly email service “Fundraising Kick.” Marc's expertise and enthusiasm engages audiences around the world and has caught the attention of media organizations as diverse as Al Jazeera and Fox News. Marc’s experience also includes pastoring a Vineyard church, managing a gubernatorial campaign, and teaching internet marketing at Thomas College. He is the husband to his best friend and the father of three amazing kids. And if you drive by him on the road, he’ll be singing 80’s tunes loud enough to embarrass his family!

Follow him on Google+, on Twitter @marcapitman, and like "Ask Without Fear!" on Facebook.

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