Summary of “96-Year-Old Secretary Quietly Amasses Fortune, Then Donates $8.2 Million”

Ms. Bloom’s will allowed for some money to be left to relatives and friends, but directed that the bulk of the fortune go toward scholarships of Ms. Lockshin’s choice for needy students.
Like Ms. Bloom, Leonard Gigowski, a shopkeeper from New Berlin, Wis., who died in 2015, left his secret $13 million fortune to fund scholarships.
While her aunt’s wealth was a surprise, Ms. Bloom’s quiet plan to help students was not, Ms. Lockshin said.
Over her 67 years with the firm, Cleary Gottlieb Steen & Hamilton, it grew to its current size, with more than 1,200 lawyers, as well as hundreds of staff members, of which Ms. Bloom was the longest tenured, said Paul Hyams, a human resources executive for the firm who became good friends with Ms. Bloom over his 35 years working there.
Even when she married, Ms. Bloom kept her given name, which was indicative of her independent nature, said a cousin, Flora Mogul Bornstein, 72.Nearly all the money was in Ms. Bloom’s name alone, Ms. Lockshin said, adding that it was “Very possible” that even Mr. Margolies did not know the size of his wife’s fortune.
Ms. Bloom agreed to move to a senior residence mainly because “She wanted to find a good bridge game,” said Ms. Bornstein, a retired social worker.
Ms. Lockshin said an additional $2 million from Ms. Bloom’s bequest would be split between Hunter College and another scholarship fund to be announced.
Ms. Bloom’s view of education was informed by her own public school experience and by working with successful lawyers from highly rated colleges and law schools, he said.

The orginal article.