Sylvia Bloom spent 67 years working as a secretary for the same law firm in New York City. She lived a quiet frugal life and kept one big secret. It was revealed two years after Ms. Bloom died in 2016. Turned out, the woman was a self-made millionaire with a $9,000,000 fortune.
How did a clerk who rented an apartment and rode the subway every day, make such money? And what for?
She left only a small amount of money to relatives
The daughter of Eastern European immigrants, Sylvia was born in New York and lived in Brooklyn most of her life. She grew up during the Great Depression and knew what it felt like to have no money. Sylvia studied at college and worked a lot to make ends meet.
The woman started her legal secretary career in 1947. She observed the investments and trades made by lawyers and did the same for herself for almost seven decades. That was her big secret.
More surprising was the way Sylvia managed her funds. She left a small amount of money to relatives, and donated most of her fortune to needy students.
Sylvia Bloom bequeathed over $6,000,000 to the Henry Street Settlement, a group that helps disadvantaged youngsters prepare and complete college, that, in turn, created The Bloom-Margolies Scholarship Fund in memory of the donator, her husband and sister.
She knew how hard it was to get an education if you didn’t have any money
Another $2,000,000 will be shared between Hunter College and other scholarship funds.
But why did Sylvia forward the money for education?
According to her niece Jane Lockshin, her generous aunt “knew how A important it was to get an education and B how hard it was to get an education if you didn’t have any money.”
Ultimately, thanks to this decent wise woman thousands of low-income youngsters will have an opportunity to attend college and perhaps one day send their accumulations to someone in need as a way of paying forward.
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